How to make money with your camera

Discussion in 'Beyond the Basics' started by Big Mike, Oct 5, 2007.

  1. Big Mike

    Big Mike I am Big, I am Mike Staff Member Supporting Member

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    I often see people asking about how they can make money with their camera. Well, I came across an interesting add in my local 'Bargain Finder' today. Someone has a new 40D, and is offering it for rent for $110 per day. Their justification for this, was that the local chain store will rent out a 20D for $100 per day.

    I'll give him points for being creative, but I doubt it will work.
     
  2. sabbath999

    sabbath999 No longer a newbie, moving up!

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    Hrmmm...

    You know, that actually has possibilities. I think you are right, as a person he will both have to deeply discount it over a shop, and have a way to secure his asset, but there might be something to this.
     
  3. Big Mike

    Big Mike I am Big, I am Mike Staff Member Supporting Member

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    I don't know any more about this, than what I've already said...but I get the impression that it's a fairly young person who went above their means to purchase the camera...and they are trying desperately to pay it off.

    It crosses my mind that they probably don't have a solid rental agreement...so someone could probably take their camera and walk away with it. I also doubt that they have a licence to do business in this way.
     
  4. Mesoam

    Mesoam TPF Noob!

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    interesting idea but thats pretty steep...i bet if they did around 50 a day and put an opportunity like that in a touristy area it would take off
     
  5. sabbath999

    sabbath999 No longer a newbie, moving up!

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    I am sure you have the right of it.

    STRICTLY a personal opinion here: things like cameras (non-commercial) should only be purchased with cash... if you can't pay for it, then you can't AFFORD it. I have yet to see somebody get into financial difficulty with well considered purchases that were made with cash.
     
  6. Big Mike

    Big Mike I am Big, I am Mike Staff Member Supporting Member

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    I completely agree....but easier said than done. :lol: Our economy seems to run on credit...which is one of the main problems with it.
     
  7. phakimata

    phakimata TPF Noob!

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    Renting equipment is a 'goldmine'. Actually, most fashion Photogs prefer to rent equipment so they don't have to drag their own around for where ever they go. Just make sure you have some sort of a contract in place that whenever someone returns the equipment broken, that the renter is liable. You may want to check out this site to get some ideas: http://www.adoramarentals.com/ They rent out equipment.

    Good luck....
     
  8. Mike_E

    Mike_E No longer a newbie, moving up!

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    Or, you could place an ad something like this: Camera for rent. $XXX per day. Comes with it's own photographer.

    :)
     
  9. castrol

    castrol TPF Noob!

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    I rented my D70 to a friend of mine for her daughters Quincinera or however
    that is spelled. I didn't kill her with the price, and she knew she had to replace
    it if broken, but it worked out nicely.
     
  10. RyanLilly

    RyanLilly No longer a newbie, moving up!

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    I usually make big purchases on a credit card, but only if I have the cash in my bank account so I can rack up a huge balance on my card then pay it off right away. Good for the credit score.

    As far as rentals, I could see wedding photogs renting backup equipment, Especially I they had to travel for a shoot. Actually there is a huge industry an renting theatrical lighting, and a fair amount of rental business for Pro Video and motion film cameras.
     
  11. S2K1

    S2K1 TPF Noob!

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    Someone I know had to sell their car to pay for the loan for the camera equipment they purchased. :confused:
     
  12. RacePhoto

    RacePhoto TPF Noob!

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    How does that work? My camera and lenses are worth more than my car! Actually twice the value of the car. ;)
     

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