money

Photography Pricing: (Part 2) What is your cost of doing business?

Photography Pricing: (Part 2) What is your cost of doing business?

Part 2 of Photography Pricing

Now total up ALL of the above costs, including your salary – THIS is your annual cost of doing business.  Now divide that number by 12; this is your monthly cost of doing business. It’s a pretty big number, isn’t it?  This is the absolute minimum amount of income you need to make in your business just to cover your minimum costs.

Photography Pricing: What is your cost of doing business?

Photography Pricing:  What is your cost of doing business?

Whether you’re a hobbyist photographer getting your first paying clients, or a seasoned veteran, deciding how much to charge for your services can be exhausting and overwhelming. In order to properly price your photography, you need to know your cost of doing business, or CODB.  It sounds pretty simple, but in this article, we’re going to dive deep into the basics to ensure you have all the information you need to properly calculate your cost of doing business.