Friday, February 13, 2009

Pricing Photography

Last week, I wrote about the Value of Photography. This week, I'd like to give you an analogy that has worked for me ... the rental car comparison.

© 2008 Zann and Pinkerton Photography.  All Rights Reserved.  From Barefoot Contessa Photo Adventures

Don't laugh! They are not dissimilar. A client or editor or whatever says to you, "Hey, I paid for it, I own it."

"Ah, no, actually you paid for usage of that photograph."

And I go on to give this easy-to-understand explanation.

TBC: "You've rented a car in the past, right?"

CLIENT: "Ah, yuhhh."

TBC: "You rent a car for two days, and it costs you twice as much as one day, yes?"

CLIENT: "Yes."

TBC: "That's like paying for usage for a two-time usage rather than a one-time only.

"Now, if you rent a big van instead of a little economy number, it is also going to cost you more. Right?"

CLIENT: "Of course."

TBC: "That's like using a photograph full size rather than a quarter page or less in your publication or ad."

CLIENT: "Oh, I never thought of it that way."

© 2008 Zann and Pinkerton Photography.  All Rights Reserved.  From Barefoot Contessa Photo Adventures

"Taking that further, if you rent that sexy, vintage 'Vette, it's going to cost you a lot more per day than the little GEO."

CLIENT: "Of course."

TBC: "OK, that is akin to the difference between using an image for a national magazine with a huge circulation as opposed to your local newspaper.

"When you rent that car for five days, don't you usually get a break?"

CLIENT: "I would hope so."

TBC: "We agree, and that is why on multiple usage, we give our clients a break.

© 2008 Zann and Pinkerton Photography.  All Rights Reserved.  From Barefoot Contessa Photo Adventures

"So, let's go on with this analogy. When you get GPS, a ski rack for the back, or a car seat for your munchkin, that costs you an additional fee. If we have done a shot you want to use from a helicopter or that has a unique perspective not attained by others, it is also an extra, and thus, it is worth more, just as your GPS adds value to your car rental. Or if we have done a lot of work to put a panorama together, that is not your run-of-the-mill shot."

CLIENT: "Hmmm," as he/she begins to see where I am going.

TBC: "Now, you've paid that rental fee; you've used the car. Do you own it? No, the rental car company still owns it, just as we own the copyright to our photographs.

"See, it really isn't so different. We charge based on usage, just as the rental car company does.

"Now, let's see what usage you really need, not want, as we hate to see you pay for more than you actually need in the long run..."

Just about everyone has rented a car at one time or another, especially those who are interested in your photographs. That's why this has been such a successful analogy for us over the years.

One final item. You remember the phrase "a quarter page or less" that I used above? Most people who are knowledgable, set a quarter page as their bottom pricing. It costs more to prepare a submission than an eighth of a page would pay. No point losing money, as that doesn't pay for that new lens.

There is another point here, as noted in last week's blog, and that is that once a client underpays for usage, he/she has absolutely no incentive to pay more. After all, there is always some other schmuck out there who is willing to give away his/her photography. It is actually why a lot of photographers have gone out of business! They don't understand the value of photography nor how to price and negotiate.

Last week, there were some great links on pricing and the value of photography, so if you missed that blog, check it out.

We are having a preview this evening of a show we've hung in Durham, NC of some of our favorite images. The official opening has not yet been set, but for those of you who have already asked, we'll post it here or send out a mini newsletter to our list.

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Meanwhile, check out our Barefoot Contessa Photo Adventures calendar of workshops, and if you are considering joining us, do as others have already done ... make your room reservations. You can always cancel later if necessary! We have added a Wish List section to our Calendar. Some of our alumni have expressed interested in our putting together workshops both in Spain and at Grand Tetons and Yellowstone National Parks. If we get enough interest, we will add one or both to our schedule.

1 comments:

  1. Thanks for sharing this brilliant post!!

    ReplyDelete

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