What do you all charge for each session, or do you charge by the hour? Do you charge differently for each type of session?... (weddings, portraits, senior photos, boudoir etc). What's included in each of your sessions? Do you offer CDs/DVDs or prints and how much do you charge for each?
I just would like to know because I'm working on pricing and I just want to get a feel of what you all do.
Weddings, portraits, high school seniors, boudoir, commercial are all priced differently.
The reason they are priced differently is because they are both
used and produced differently.
Price = cost-of-doing-business (CODB) + cost-of-goods-sold (COGS) + reputation + profit margin.
You have no way of knowing what another photographer's CODB or COGS is. Consequently, using another photographers pricing could turn out being a way for you to actually lose money.
Don't forget your salary and retirement fund contributions are part of your CODB, along with
all your other non-reimbursed business expenses like:
- computer
- display calibration
- software
- phone
- Internet access
- business insurance
- utilities
- taxes
- accountant
- bookkeeper
- equipment depreciation
- server hosting fee's
- business management time
- etc.
Prints are divided into 2 main catagories:
- Desk prints
- Wall prints
Desk prints have a much larger markup than do wall prints, because many more desk prints than wall prints are sold.
A popular consumer online print lab is Mpix.com. Their 5x7 will cost you $1 and their 8x10 will cost you $2, neither including shipping.
A number often bandied about here on the Internet is to multiply your print cost x3, which is a great way to go broke fast selling desk prints since a 5x7 would be $3 and an 8x10 would be $6.
I believe the pricing for desk size prints should be more along the lines of x30 to x50 and that the price of the wall prints decrease to be about x5 for the largest standard wall prints.