Reflecting on the week that has just passed, I’m feeling grateful for the range and variety of activities my photography business offers. I don’t like shooting the same type of thing all the time, and this week confirmed for me that I’m making strong progress in developing multiple photography income streams. Let me tell you about that range of activities and see if it is relevant to your own photography business.
So, here it is – the week that was – and the 7 different income streams it produced.
Income Stream 1 – Wedding album. Just before Christmas I shot a lovely church wedding for a couple in Melbourne, Australia. Since then I have delivered their images and canvas prints, and this week I designed their wedding album. I’m pleased to say that this couple are doing it right – they have ordered an album for themselves, and one for each of their families. That’s three albums in total. I’m looking forward to delivering them soon. Developing multiple photography income streams takes time, but this type of printed product (wedding albums) is an obvious extension to my core activity of wedding photography. Do you have the opportunity to add printed products for your existing clients?
(To see more images from this wedding please visit my website at Craig Dingle Photography.)
Income Stream 2 – Corporate Portraits. This week I shot corporate portraits for a local businessman. He is starting a new role and needed images to be added to the company website. I shoot these in my home studio which makes it an easy and convenient job. Does your business come up early in the Google search results for photographers in your area? Do you have resources (like a home studio) that can be used for extra shoots like this? Can you make yourself available at short notice to meet the needs of a client like this?
(If you are interested in creating a shooting space at home, please read How To Build a Home Photography Studio).
Income Stream 3 – Product Photography shoot. I don’t do many product photography shoots, but I have one client (who I met at a wedding) who regularly asks me to shoot images for their website or for advertising purposes. Often it is a short notice request – like this week’s shoot. They needed a small range of images for an advertisement they are preparing. I don’t get a lot of excitement from shooting products, but I like this client a lot, and I appreciate the regular work which comes from them. Are you cultivating regular clients who know they can rely on you?
Income Stream 4 – Uploading Stock Images. I shoot and upload stock images on a regular basis, and although this has been a quiet week, I have been uploading images from a recent shoot. This doesn’t produce any income today, but builds my stock portfolio which will produce an income for years into the future. Can stock photography form part of your business income? Can you utilize down time to build your portfolio and generate a future income?
(I am a strong believer in stock photography to produce a regular income for photography businesses. Read more about that in Why I Shoot Stock).
Income Stream 5 – Editing Images. This week I was asked by another photographer (and reader of Beyond Here!) to assist with editing her images. It was in a style, and with a tool, which she was not familiar with, and so I have edited the images for her. This is the first time I’ve generated income by editing images for another photographer. I don’t see myself doing this often, but I appreciated the chance to help another photographer deliver a quality outcome for her client.
Income Stream 6 – Selling an E-book. If you are a regular reader of Beyond Here you will know that stock photography makes up a significant part of my photography business income. I wrote an e-book called Build a Five Figure Income in Your Spare Time to encourage photographers to get into stock photography. I have priced this very affordably, and it is regularly downloaded by people wanting to generate an income from stock photography. I had one sale this week, which made a small contribution to the week’s income.
Income Stream 7 – Selling Stock Images. In Income Stream 4 I covered the work I did this week uploading new stock images. They are unlikely to be downloaded immediately but will produce an income in the future. In the meantime, the 8500+ older images in my stock portfolio will continue to be downloaded and produce an income today. While the income per download is small, it is encouraging to know that buyers are purchasing my stock images every day.
So that is ‘the week that was’ in my photography business. It produced 7 different income streams. I hope that reading Developing Multiple Photography Income Streams has given you some ideas for your own photography business. Happy shooting!