Expenses as photographer is inevitable – even top photographer professional consider on how they can save money on production costs to maximize the revenue. Finances are very important to all individuals especially when you are a freelance photographer – because be honest, there are no definite amount of money that will come on your bank account, so maximizing the use of your finances can be a big help for you to pursue the business that is out of your passion.
You as freelance photographer should know the things that can cause you a lot. You have to know the difference between fixed expenses and variable expenses. To give you a quick background, fixed expenses are the cost that you will incur regardless of how many photo shoots you conduct – on the other variable expenses are the cost of doing business that will vary depending on how much work you go throughout the year.
Here are helpful ways on how you can maximize your expenses.
- Rent – do not buy – certain equipment
It is for sure that things like camera, basic lenses, flash are the things you want to own/ but studio lighting is an equipment and other equipment can often be rented in a cost – effective way. Do you know that top photographer also rent equipment like that – well the benefit of renting outweigh the cost of buying, storing and maintaining and insuring equipment that could be technically outdated in just a few years.
- Share: Equipment and studio costs
As freelance photographer for sure you have friends who would want the idea of sharing payments with equipment and studio cost, that way you can lower down the expense of renting for equipment and studio costs.
- Shoot multiple scenes
When you are still creating your entire portfolio and you’ve asked for a model – you have to maximize the payment you have made with your model. Shoot different angles, facial expressions, orientations, clothing and scenarios in a singe shoot.
- Shoot videos and stills at the same time
More and more cameras have a high definition capability. High definition video is an increasingly popular in the stock market and videos are often licensed at a higher price. Increase your earning by creating both during the same shoot.
- Try before you buy
All photography software can be very expensive. Good thing there are companies who offer thirty days (30) free trial on their software. That way you can check whether that particular software is best for you.