Tips to Keep Photo Studio Costs Low
All professional photographers should have a photo studio where they can base their business and take clients to have photos taken. The problem is that buying and running a photo studio is very expensive; this makes them unavailable for many small- and medium-sized businesses.
Tools and Materials Needed
- The Internet
Step 1 - Consider Renting
If you're running a new business then you will often struggle to afford to buy business locations. This is why you should consider renting; renting may cost more in the long run, but is more manageable in the beginning stages of a business. Renting a photo studio is also much easier on your cash flow because you produce a certain amount every month.
As an entreprenuer starting a business in its infancy, you should consider the option of renting a photo studio as it will make your life much easier. If you do decide to rent, make sure both you and the landlord agree on the rent. Also ensure that you are allowed to do everything you wish to do. For example: if there are any spare rooms, would you be allowed to sub-let the available space to other photographers?
Step 2 - Carefully Choosing the Location
Whether you are buying or renting a photo studio, you can save a lot of money if you shop around carefully and take a look at the locations you are considering in person. The values of properties in different areas can vary quite significantly which is why you should do your homework. That being said, you don't want to choose some pokey little studio down the back streets just to save a few bucks; this would damage your business because reputation is everything in this game.
Step 3 - Buying Your Equipment
If you need new equipment for your business, this can cause your costs to mount up quickly. Photographic equipment is extremely expensive and which is why you need to be careful when buying anything. Make sure that you shop around to ensure you're getting the best deal available.
Also consider buying used equipment. Normally, it is just as reliable and is available at a fraction of the cost. Your local photo store will probably carry a range of used equipment.
If you must buy new, then you should consider utilizing whatever finance options are available. Finance is available from most stores, giving you a bit of a breathing space while paying for your purchases. This may work out to more dollars spent over the long run, however it will help get your business going.
Step 4 - Utilities
Any business needs electricity, water and possibly gas in order to survive. Instead of staying with the current providers you should consider shopping around. Many providers offer discounts and very good rates to new customers. There are lots of comparison tools on the Internet.
Step 5 - Decorating
Your photo studio should look as professional and elegant as possible, but that doesn't mean that it needs to cost you a fortune. You can actually do a lot of the work yourself by buying products from do-it-yourself stores.