My question is what sort of contract should I draft for up and coming weddings or even portrait shoots? If anyone has a link to an example or helpful material I would greatly appreciate it.
Try a Google search for 'wedding contract'. I searched out a bunch of them and asked a few friends for a peek at theirs. Then I printed them all out and just picked the best parts out of them to make mine. What's your E-mail? (PM me if you want) I'll send you mine as an example.
but I feel, that for the couple that doesn't want to shell out a couple grand I can offer them some great pics at a very reasonable price.
And, what should I consider charging?
Last year I took a course called 'Designing Wedding Photography'. It was all about how to start out in the Wedding photography business. One of, if not
the most important points that the instructor tried to pass on to us...was not to undercharge or undervalue our services. He said that was one of the biggest reasons why beginners fail to make a go of it in this business.
First of all, if you don't charge enough, you will find that it's not worth your time and hassle. Despite the 'high cost', most wedding photographers don't really get a huge profit once you figure in the time and expenses.
Think about what you would do for a typical wedding. Maybe you talk on the phone or e-mail back and forth a few times. Then you go to meet the couple (mileage, use of your vehicle, maybe an hour of your time etc). You may meet with them more than once before the wedding...maybe you visit the Church to check it out, maybe you attend the rehearsal. (time, vehicle, mileage). Then you spend maybe an hour or more getting all your gear ready, batteries charged etc. Then the day comes, you fight to keep your breakfast down because you are nervous...then you spend anywhere from a couple hours to all day...on your feet; shooting, arranging, talking to, giving direction to....many people.
Then you have a bunch of files (assuming digital). Maybe you have hundreds or even thousands of images. How long will it take you to cull, sort, edit these files? 10 to 40 hours seems to be average.
Then you will probably meet with the couple again to deliver your prints or files etc. If you are selling prints...you may have several meetings with them.
Add that all up...it's a lot of time. $400 isn't going to cover it.
Now think about your overhead; the cost of your equipment (don't for get all the stuff you use, computer, vehicle etc). Business costs like taxes, fees, advertising etc.
Now you can easily see why a typical 'professional' wedding photographer charges a couple thousand dollars.
Now of course, many people do this on a part time basis and can afford to charge less...but aren't they then undervaluing themselves?
You also need to decided what level of the market you wish to work in. As you said, many people can't (don't want to) afford the costs for a full time pro...so there is a low end to the market....but do you want to always be working in that range? Sure, there are many good hearted people who just can't afford anything better and are wonderful people...but just about any wedding photographer will tell you that there are also those people who will just be looking to get a deal. They hire you because of your low price...not because they like your style. They will then try to get every penny or bit of value out of you...because that's just how they are. These types of clients are not fun to work for. By charging more, you can hopefully find clients that come to you because they like your style and are happy with what you do.
That's a lot of rambling...without any real suggestions for what to charge...sorry. I suggest checking your area photographers and seeing what they charge...then use that as a guide.