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I don't like long posts, and I'm always at Ian and Nigel to keep 'em brief so I apologize. This recent post prompted Ken to comment and me to respond with this, my longest ever... Ken asked whether our industry's main challenge wasn't "crap photography" but competitors with stupid pricing, for example, "2 photographers, hi-res images and Queensberry with 60 images for £1500." Ken suggested that people like that shouldn't last in business but they keep coming back... So I presume that if in fact they're surviving, they're probably a high volume, low margin outfit - possibly with healthy post-event To View More >>
The trouble with Seth Godin (I linked to him yesterday) is that once you start reading him it's hard to stop. Next day he's talking about how, when you're starting out ... or you're struggling ... or the economy isn't hot, it's very tempting to "take what you can get". And that has consequences. As if that's not enough, his very next post says: "If there was ever a moment to follow your passion and do work that matters, this is it. You can't say, 'but I need to make a fortune instead,' because that's not happening right now. So you might as well join the people who can say, 'I love doing this.' To View More >>
I see the Druids are celebrating the sun at Stonehenge, but Down South 21 June is the shortest day. Not that we have much to complain about. We don't even get frosts in Titirangi (loosely "fringe of heaven" in Maori) but it's sure cold in the wind and shade. Early morning I rugged up and took the dogs down to the beach and thought that, even when the tide's out on an overcast day in Winter, life's not too bad. Hopefully it's the shortest day for the economy too. The worst of Winter may still be ahead – the moneymen (and some of us) screwed up, and the consequences are still playing out ... but To View More >>
Not every business owner can call themselves a professional photographer. But every business owner needs to be a marketer. Creativity lends itself quite nicely to marketing so the chances are, if you're reading this blog but don't claim to be a marketer already, you'll be quite good at it. I was reading an article by Paul Williams yesterday that made me realise this: The current economic climate is forcing every business owner (that's you) to become a marketer. The recession is a "training ground for us to hone our businesses. The difference (or benefit?) with the recession is that EVERYBODY To View More >>
These articles are about strategies to combat the recession. I ended my last post by posing the question on everyone's lips: what happens if my bookings drop? You'll need to have read my previous post to make sense of what follows, but to recap, based on the numbers in the graphic below, if I get 30 wedding bookings and average $5000 per job my income is $71k. If I could get 40 bookings I'd make $114k, even if my average dropped to $4600. All good, but what happens if I can only get 20 bookings? The answer is my income drops to $28k! I could still achieve my $100k income goal with just 20 weddings To View More >>
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