What is an average salary for an owned photography business?
I’m planning on starting my own photography business with many different types of photography, from sports, landscape, and even portraits. I plan on starting at schools for High School sports and then working my way up eventually. Does anyone know what a yearly salary could be averaged or anywhere close? Thank you so much!
If you are self-employed you can pay yourself anything you want.
To establish what you charge for shooting and prints, you will have to do a P&L sheet which includes your fixed and variable costs as well as the cost of capitalizing your business.
If you figure that you will have to generate cashflow that is about 5x what you want in your pocket at the end of the day you can do a rough estimate of your fee schedule
Remember to include replacing your camera body every 18-24 months and your computer(s) every 2 years as well as upgrading your photo software
To pay myself $80,000 a year (before taxes), I have to generate just over $250,000 in cash flow.
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