Almost to the day, I posted this one year ago.
https://www.pentaxforums.com/forums/general-photography-industry/196906-build...-business.html
Now, one year later I am closing my little downtown studio and moving on to do some traveling and much needed chores around home that have been neglected for the past year. If anyone is interested in their own studio, maybe I can give them some reflections on what having your own studio is like.
First, let me explain that I am not a Pro shooter, I am retired and not dependent on studio income, and on top of that I'm busy with other duties so only had the open hours of Tuesday/Thursday afternoons from 1-5 pm...or by appointment anytime, day or night. I did no advertising, and dealt strictly by word of mouth. Profit? I sure as hell didn't make any, so you better do more than I did if that is your goal!
*The setting was near perfect, the furnishings were excellent and it was warm and comfortable inside, very friendly open atmosphere, and everyone commented on that. I think that is important.
*Ordinances (stupid ordinances!) did not allow outside signs, so this was a big negative, although I did cover my windows with photos that could easily be seen from the road and did have a nice door sign etc. Make sure you can have a sign......preferably a nice large neon type that will draw attention night and day.
*Expenses ran about $600 a month including insurance and utilities, which is pretty cheap. The lower the better, you will need every dime you can make if you are going to try to make a profit. I think my total expenses including furnishings was somewhere around $12K for the year.
*Just throwing this in.......I had all my outside printing done at Adorama, and they were superb. Excellent quality, fast and reliable service, and the pricing was so reasonable! Never had an unsatisfied customer, they all loved the prints. My preference was the Kodak Metallic, but they are all very good.
*Fun.......Well, I could write on this a long time! I had a great time!
I met a lot of new people, kids, dogs and cats, young and old, and if you are a "people person" you will love it! Very interesting and always makes a boring day come alive when you meet a new client.
Negatives: This is a work-hard business. The shooting is the easiest part, if you have good equipment, and I did. I had great lighting and my K5 and Ltd lenses performed better than I did!
The processing and other related work can take days in some cases and is hard on the eyes and mind. You will not have an easy job,it takes a lot of effort...more than I was willing to give more than a couple of days a week.
You need a plan, and you need to be aggressive at fulfilling it, not like me. I just "winged it" and never took advantage of my business skills that I acquired in my years of having my own plumbing business. You do need to advertise, have the right signs, and better hours of operation. An assistant that can help on the posing and with children and other related duties is also a very useful addition. I did have an assistant on many shoots and it was a real benefit.
Keep in mind....you are selling ice to Eskimos. In this world everyone has a camera and everyone is a photographer. Young people in particular see little if any need for a paid photographer. Even many weddings are now shot by the combined efforts of family members with their Canon Rebels, guests with their cell phones, and they see little need for a paid photographer. You better have a plan that will get you some of that business, and a price that will sell the deal. I only did studio shooting, ruling out weddings and events, but there is still opportunity there if you will pursue it aggressively.
It is no cake walk if you intend to make money, it's a tough business. It is no Pizza Parlor where everyone is a potential customer. The demand is not anywhere hear a Fast Food joint or like my plumbing business where you could always count on a broken water line in the winter or a failed water heater, clogged toilet etc. every day of the week...and weekends too!
I've kept a few memories of my little studio here, from the bare walls when I got it to the last a days before closing. Great memories I will always cherish! Fun shots, serious shots, they are all lumped in here for the memories......
My Little Studio - a set on Flickr
I want to thank Mrs Rupert who financed this entire project and insisted I had fun above all else, including making a big profit. I did, more than you can ever imagine!
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My next goal is to travel America.......Mrs Rupert bought me this to do it in when she retires soon.
Maybe you don't need a little studio, you just need a "Mrs Rupert" like I have???
She's the best part of me, no doubt about it!
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Best Regards!
Rupert