It’s not every day that you come across someone who has been able to mix his / her passion with his / her profession. It is the true bliss, the ultimate satisfaction and the ultimate motivation for any individual. Though this is a rare breed, chances are you will come across a few such blessed individuals once in a while. For many photographers, the ultimate satisfaction is when they are able to make a good amount money with the camera doing what they love. The million dollar question, however, is how to make money with photography?
There are several ways you can make money with photography. Some of these might be beyond you as these involve pursuing photography genres that you might not find particularly appealing. It is always best to work on one’s strengths, at least at the beginning of one’ career and then slowly work on the grey areas and incorporate those genres as well into your portfolio.
The question of how much money do freelance photographers make has no easy straightforward answer. It all depends on the type of photography you do.
Stock photography is probably one avenue that has always been the top priority for someone looking to make money doing photography. However, stock photography isn’t as easy as it said two decades ago, or at least during the early days of online microstock.
Neither it is as profitable. Many established and experienced microstock photographers will vouch for this. You have to be extremely tenacious and be pursuing something unique before you can hope to get a decent income going.
The reason is there are a lot of microstock shooters these days trying to make money with photography. With cheaper cameras and lenses, and a bit of post-processing knowledge, it is very easy for someone with little knowledge to start shooting stock images. It’s another thing that a lot of the work shot by these newbies get rejected, but competition is stiff.
Microstock agencies rarely accept work that is repetitive. To know what the latest trends are you have to stay updated. Check this article out for the latest stock media trends in 2018.
Additionally, the micro-stock industry has become less rewarding these days. With microstock licensing getting extremely inexpensive photographers cannot hope to make enough money after deducting commission and after taxes to make it worth their time.
If you are absolutely bent on making a decent amount of money you have to be in it for the long haul, shoot more and more unique stuff, have a large number of images on the platform and do a lot of research. You will also have to get over the initial setbacks that you will likely be going to face. To keep you motivated we have prepared this Ultimate Stock Photography Guide 2018.
You can also check out the estimated earnings from some of the best-selling stock photos. Just to inspire you that stock photography still works and that you need to have a plan to be successful. You will also have to be aware of the legal issues that are a part of stock photography. These include model release, property releases, and various licensing aspects.
Another interesting way to make money is by blogging. Blogging, for photographers, is not only about making the rent. It is actually a marketing (and PR) technique. You could blog for yourself, or for someone else. A well maintained and regularly updated blog is a great way to stay in touch with your visitors, your potential customers and a greater audience that holds prospect for the future. Thus, it is imperative that you have an effective blogging plan in place.
For many photographers blogging is just a time-consuming chore that simply does not materialize into anything material. We at Photoworkout beg to differ. Even the best photographers in the business make it a point to maintain a blog. It is a different story whether they do it on their own or hire specialized hands to write for them. It is indeed a time-consuming affair, but one that is not without benefits. To reiterate, if nothing else, this is a great tool for staying in touch with one’s followers and potential customers.
Product photography is an interesting genre of photography that is definitely worth your time, money and energy. With the spurt in e-commerce, there is a huge demand for product photographers the world around. While some brands prefer to have absolute control over the process of their products photographed, there are others which would like to outsource the work to freelance product photographers.
There are many banes of being a freelance photographer. Though you have the freedom to choose when you want to work, there would be times when you have no work at all. As a freelance photographer, someone who juggles between a day job and a passion, it is difficult to convince a client that you can deliver your work on time. A strong portfolio is imperative but strong selling skills are also equally important. If you have a full-fledged photography business you have a better chance of getting high paying jobs.