Corporate Photography Prices.
Corporate Photography Prices. This has always been a tricky one for any corporate photographer or any type photographer, how much should you charge?
I certainly do not have the correct answer but I can review my experiences with clients and other corporate photographer prices over many years. When we used to still shot on film and deliver prints you had a product to mark up and you could add a reasonable day rate onto your invoice after you had taken into account studio costs or location travel. With the advent of digital things became a little less structured and the need for large studios reduced and digital images to not have any physical day to day costs. So where do you base your corporate photography prices on? You have your basic overheads, kit, car, studio hire etc and after those it is what kind of profit you need to further build your business and create the lifestyle you require. But the one thing controlling your profits is what clients will pay for your services. Most companies and individuals when needing corporate photography will get quotes in from at least a few photographers who like the look of their work. Prices will not be the only factor but it will be a major factor. Style of photography, communicating the service, availability and timescales all factor into their decision on who they will hire as their corporate photographer.
You can look at the market place and what other corporate photographers are charging. Some put fees and rates on their website but the majority do not. We have been asked by young photographers what they should charge. We have been contacted by other photographers under the pretence that they were a client and need to know costs for a commission. We have even had an email from another corporate photographer in London telling us that we were under charging on a commission and that we should increase our fees and to stop under cutting the market.
We think that when you sit down to set your corporate photography prices you have to decide what you need to earn survive and then you have your basic prices. After this it really comes down to wether you want to drive a new Rolls Royce or a ten year old second hand car. As with most things in business its a learning curve and offering discounts in poor economic times and making hay while the sun shines is all common sense and as your business hopefully grows you get to know what your photography clients will feel happy with.
You can follow these suggested corporate photography freelance rates but I am not sure how high or low budget corporate photography would differ and I can be sure all our clients would choose low budget please but high standard.
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