Can you make 100,000 a year at this?
joshhuntnm
Registered Users Posts: 1,924 Major grins
I am a hobbyist looking to go semi-pro. I had a conversation with a guy the other day, and I mentioned this. he said "My daughter is a professional photographer."
Really?
yeah, she started doing wedding, then families, then kids. Now she does products for catalogues.
We talked on for a while. He kind of went on and on about how well she was doing.
I decided to take a chance.
"This is probably totally not my business, and feel free to tell me so or not answer, but what kind of money are we talking about? What kind of money does she make?"
"Oh, around $6,000 a year."
I was shocked, to say the least.
So, based on this conversation, I am now wondering, is it realistic that a normal guy over several years might build up his business so that he is making 100,000 a year after four or five years?
Really?
yeah, she started doing wedding, then families, then kids. Now she does products for catalogues.
We talked on for a while. He kind of went on and on about how well she was doing.
I decided to take a chance.
"This is probably totally not my business, and feel free to tell me so or not answer, but what kind of money are we talking about? What kind of money does she make?"
"Oh, around $6,000 a year."
I was shocked, to say the least.
So, based on this conversation, I am now wondering, is it realistic that a normal guy over several years might build up his business so that he is making 100,000 a year after four or five years?
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David
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I hope to make double that (gross) a month within the next 3 years.
Yes, here in California with the right market it's possible. I did some accounting work for another photographer who charges $10000 base for a wedding - mid range package. Two or three a month. And I talked with another who only does one per month at $12,000.
Some of the high end portrait people I have chatted with make about $3,000 in average sales for one client a week.
Please send me those kind of clients, I pray!
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He does how ever belong to the right 'old boys clubs' Its just what you make of it but my soul is bloody well mine.
I guess this illustrates that sales and business skill is more important than photography skill.
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One would think you would have to dial up to those kind of fees. Most of us don't do our best work the first year or two on the job. And, I live in a poor county in New Mexico. I doubt anyone here could every charg those kind of fees. Then again, it doesn't take a million dollars to buy a nice house here, either.
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:cry You know, the three things that really saddens me about that are 1) I'm not in his shoes, 2) I'd be taking great photos (if not at first, I'd darn well learn to), and 3) you would not be able to wipe the grin off my face--a multi-million dollar house, several pricey fun cars, and taking photos for a living. Sigh. Proof that life isn't fair.
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Well, it would be interesting to note if the house came before or after photography.
There's a big assumption being made here - that the house, cars, etc. are paid for. I know lots and lots of people with fancy cars, fine clothes, and big houses - they're also up to their eyeballs in debt.
http://www.dgrin.com/showthread.php?t=90196
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But above that, it's a different story. Good marketing and business tactics come into play, and the average joe will never break into or harm the professional who is shooting $3,000 portrait sessions and $15,000 weddings.
Sadly, a few average photographers who are magicians at marketing WILL break into the high-end market, and will deliver average photos at a premium price, but that's not our topic of discussion here...
The point is, it is TOTALLY possible to make $100,000 a year. I dunno if you could build that large of an income in just a couple years, (I have not been able to) but eventually it is indeed possible. You MUST have exremely good marketing skills, however. GOOD PHOTOGRAPHS ALONE WILL NOT GET YOU THERE!!!
Good luck,
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That is your assumption. I know of this person. As i said...he makes a very very healthy living from photography & has been in his current situation for many years. He has the right contacts.
Only a small percentage of photographers are able to make a living from their photography, and out of that only a small percentage are able to make in the upper echelon of income. Truth is the deck is stacked against you getting rich solely from being a photographer.
But also part of me wonders why exactly your goal is to make so much money at this. For me photography is my profession and I make somewhat less than $100k a year, but I make enough to pay all my bills and am happy doing what I love. I think if you want to make that much you might want to consider another career choice. The odds aren't necessarily in your favor.
Someone like Annie Leibovitz can earn that much for one magazine cover. I have personally paid as much as 30k for one photo for an advertising campaign
However, keep in mind that level of photog is part of a machine... with full-time staff, assistants, studio, equipment, all maintained ready to go at all times.
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Can you make $100k or more at photography? You can make a killing in nearly any industry you want. I'm sure the people running Waste Management do quite well, and they are a garbage company. Some people make a killing playing with sticks and balls. I'm somewhat lucky to be a professional programmer writing custom designed internal software at a nice salary. But its more than just the fact that I have a somewhat unique skill set that thankfully someone has a need for. There is also a network that I and others like me have built up, and that network had a good sized impact on where I am today. It is no different in many other industries.
Marketing skills and networking can mean as much, if not more, than your photography skills in being successful. Also note that the people making all the money at garbage collection are not the people on the trucks... nor are all the people making money at Picture People the actual photographers... Food for thought.
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This is an extremely competitive business. I am going to school at NMSU with dozens of people trying to do exactly what you are doing and spending many thousands of dollars of student loan money on 1D's, 5D's, D1's, and all kinds of lenses and lighting kits.
I also knew a very experienced and talented photographer with good gear that lost his sub $100k house because he couldn't make the payments.
Basically what I am saying is this: We have to totally kick a$$ to rise above the crowd in this digital age, and I am sure this is true anywhere you go. It's going to take many years of experience to get to that level.
As for myself, I'm not going to count on my photography to pay the bills right away, and probably not within five years. I'm going to train in another profession to pay the bills until it comes around, if it does.
A former sports shooter
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Chuck Cannova
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The title of your post is "Don't forget EP." I'm guessing you are referring to El Paso, but what about El Paso?
I am the OP's son, by the way. I am studying at NMSU as well.
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So, I guess that means that I'm well on my way to making my first $100,000 this year plus I have almost 2/3 of my pro subscription fee back, and I have almost 20% of the minimum needed to get an automatic paycheck. And all that after just 5 months of long and hard work trying to get this thing off the ground.
I'm on such a roll!!!
Chuck Cannova
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Thats business. You can offer a so-so product but have a huge list of clients.
Here in our business we offer a great product and great service, but we basically got all our business from the boss's dad, whos an accountant and fed us all the busineses.
Marketing marketing marketing.
When I think gary fong, i don't think "what a great photographer" im sure he takes great photos but i think of "lightsphere" and im sure thats where all his money comes from now adays.
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Also a question, are you ready to deal with clients. This might seem simple but they can quickly turn your fun hobby into grueling work. Depending on who you're working for (with my experience in commercial photography as well as design clients can be completely crazy and love something that you would never do for yourself)
But as others have said, a lot is down to marketing, and also being able to spot an opportunity. Making people aware of how you can save them money, or importantly make money from your work.
From a stills perspective everybody and their dog is doing weddings. Forget weddings. Perhaps even forget event photography. Find a niche, and regular clients in that area.
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