| Supa Dupa Poster
Posts: 5,742 Join Date: Oct 2006 Location: Texas, Texas Real First Name: Holly Camera: Oly E3 Can Others Edit My Photos: No iTrader Rating: 0 LIKES Received: 26 LIKES Given: 4 |
08-29-2008, 03:42 PM
Copying the other guy doesnt always work - many that just start out dont know what their overhead is and how much they need to charge to turn a profit. As long as your skills are there - charge what you want to be charging in the future. Its extremely difficult to change markets from soccer moms to debutantes. Chose where you want to go before you jump.
My 1st session fee was $175, which was quickly increased to $275. Total sales had been around $500, now they are closer to $2,000 for a child or baby session. And I didnt want to shoot all day, every day. So it takes into account the number of clients I wanted per week. The mass of WalMart moms wont pay it. But a select number of others will.
Price is one thing that affects perceived value. People naturally assume stuff that cost more is better. If you see two similar items for sale and one is underpriced you tend to wonder whats wrong with it. We are priced at the Good God that cost a lot! price range. If they dont flinch, Im too cheap. Sounds stupid, but has been working well. We started doing that from day 1. I didnt want bargain hunters - I wanted patrons to commission me to capture their child and charged accordingly.
As you can see from our sitting fee - our money is made on the back end sales, and not upfront. Other models flip flop that. Consider how much you want to gross from each client and figure out how to distribute it b/t sitting fees, and post session sales. |
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