How much does it Cost to Start a Professional Photography Business? #entrepreneurial #ideas
How much does it Cost to Start a Professional Photography Business?
Photography has become one of the in trends right now. Every special event in a person s life needs a photographer to capture and make the moments truly unforgettable.
So, do you want to go pro? Here are the estimated costs when you are starting your photography business:
Get a pro photography gear.
Of course, the most important thing to consider in your financial plan would be the cost of the camera and the accompanying accessories.
As a professional, you need to have at least two professional cameras. Camera glitch can sometimes happen and you don t want to add to the stress of your client when your camera malfunctions on that very event.
Your budget and gear will depend on what field of photography business you would want.
Buy the camera body but not the kit. You can replace the kit with cheaper versions .
If you are a wedding photographer, consider buying 2 Nikon D750 cameras for $2,000.00 each (total cost =$4,000.00)
If you are a portrait photographer, consider buying 2 Nikon D7100 cameras for $1,200.00 each (total cost= $2,400.00)
These recommended lenses will work fine on both cameras and less expensive version than the kit that comes with the cameras above:
Nikon 35mm f/2.0= $350.00
Nikon 50mm f/1.8 lens= $299.00
Nikon 85mm f/1.8 lens= $499.00
For wedding photographers, you may consider the Nikon Lens 70-200 f2/8: this will do the magic when the wedding is at night or in a dark enclosed church where there is a limited source of light or you cannot go that close to the couple. The cost is about $2,400.00.
Wedding photographers must have at least 2 flashes Nikon SB-700 (at $329 each) total= $658.00
Other essential accessories: memory cards, reflectors, light stands, flash triggers, camera bags ($500.00 to $ 1500)
Computer and software:
21 iMac Computer= $1299
2 external memory drives=$ 85 each total: $170.00
Lightroom and photo shop=$119 per year
This aspect is the one mostly neglected by newbies in photography business, making their business legal
Yearly accounting service: $300.00
Incorporating the business: $125.00
Photography contracts and attorney fee= $400-$2000
Because of the evolution of technology nowadays, people think that having a photography business is easy as taking a plunge.
Sure you may have an informal business at first but if you want to get paid like a pro, you must take your photography business to a professional level.