The risks of being a professional photographer

Are you someone who has a talent for taking the perfect picture every time your hand hits the capture button? If you have a passion for photography, starting your very own business and turning it into your career can be a good choice for you. However, while it is true that the capital that you need for starting the business is going to be low compared to most other types of new businesses out there, there are still going to be certain risks that come with the trade. If you can start the business in your own home, by yourself at first, you are going to be far better off than if you immediately try to leap towards an office with a team of people and other large scale ventures that simply aren’t suited to you just yet.

You Have To Deal With Variable Income

Many small business ventures all over the world have moments where they don’t have enough income to break even. If you are a small business, your revenue is going to fluctuate at some point, this is a given. For a photographer, the whole thing is very situational indeed. For example, if you specialize in taking pictures of events on the outdoors, you are going to have a lot more business in the summer, because this is when all the graduations, weddings and parties occur. People who specialize in taking pictures for art are going to have more chances when there are major art galleries opening or when there are photography exhibitions in the area. The work that is done by a photographer is very seasonal indeed, and this means that you are going to have to learn to adapt to the dry spells. This means you have to be a lot more cautious about your spending and budget.

Don’t Rely On Your Frequent Fliers

For the most part, you are going to have a few repeat customers. These are the people who are going to come back to you for most of the events they host, if not all of them. While the income from these clients is going to be very useful to keeping your business running, it isn’t going to be enough if you have hopes of expanding in the future. Finding clients is one of the hardest parts of anyone offering their service in a professional capacity. Having one type of specialization means that you will only be able to access one particular niche in the field. This can be both good and bad. If you focus on only one type of picture, you are going to gain a reputation for your skill in taking photos of that type of event, but you aren’t going to have opportunities in other fields, which can be more than a little bit of a turnoff.

How to deal with owning a photography business

When you are getting ready to launch yourself into a career in photography, you are going to need all the advice that you can get. One thing you always need to remember is that you are just one of 8 billion people who are photographers. A common question among friends and family is what you do for a living. If you say that you are a photographer, most of the people who ask you the question will wax on for hours about how all of their relatives, ancestors and descendants starting from Adam himself are photographers too. Even worse, some of them might respond that they are a photographer too. The horrible truth of the matter is that neither are true. Doesn’t matter. Smile, and act like you actually care.

It isn’t a hobby if you get paid

Don’t let yourself think it is still a hobby. When you start a business in photography, you are actually in a business. You can’t pretend that you are doing it for the kicks. You have to apply for the proper paperwork to register yourself and license your business. You are going to need to start paying taxes, have a name for your company, and actually log in all your income with the necessary authorities. You always have to let the government know how much you are earning. If you don’t, you are going to be in very big trouble, and no amount of pleading is going to get you out of it. The weak defense that it is nothing but a hobby is going to be next to useless when the IRS gets their hands on you, because you knew exactly what you were getting into.

Being your own boss is pretty cool

One of the best things about owning your own business is that you get to be your own boss. You get to be the master of your own fate. This is a good thing, but it can also be pretty bad. When you own a business, you get to boss everyone in it around, sure, but it also means that you are going to be held accountable for any part of the business that doesn’t perform as expected. You are the person who has to make things happen in the business, because no one else is going to be there to give it the push it needs to be a success. Therefore, while it is awesome to be the big guy upstairs for once, it also means that you are going to have to show levels of determination, dedication and drive that other people simply aren’t able to have.