Is opening up a photography studio a good business idea?

Question

i have $3000 in start up cost and wanted to open up a photography studio but wanted to know is it worth it

Answer 1

Well, we paid 275 for a family portrait that ended up looking like a Wal-mart proof - and that 275 bucks covered one 8x10 and 8 wallets. This was reputed to be the best studio in town. I was shocked at the poor quality of portraits in their gallery. They've been in business for 35 years and have a palatial studio in one of the most expensive buildings in town. I'd say they've hit on gold mine - they get money for doing nothing.

Oh yes, and all I did was write them a letter saying that I was very displeased with the service (they made us wait 90 minutes for out appointment which we had pre-booked) and I got a letter from their lawyer telling me to shut my mouth or face a libel suit.

Answer 2

Your success or failure will depend on you, your knowledge on running a business (overhead, taxes, etc), your target market, your skills, talents and knowledge of photography, the equipment you'll be working with, what can YOU offer that someone else does not, your location (where you will be working from, a storefront or the home), how much advertising (and how successful), etc.

Have you ever apprenticed with a professional photographer before for at least 2 years, are you familiar with the business aspects, how to deal with overheads, employees, how to deal with clients, licensing that might be required, insurances, etc.?

WHAT do you know about photography and what is your background and experience in the field? What services can you offer, and what OTHER services can you offer in the area or to supplement the main business?

It's easy for someone to say, "Sure, go ahead..." but that is not necessary the anwer you want... you should be looking at this from the standpoint that you may need some experience, and you might want to hold off until such time as you have that experience so that you stand a better chance of experiencing success. Have you considered the legal responsibilities, can you comply, have you consulted someone with experience in the area, how are you going to attract clients year-round?

Answer 3

If you can offer something different and gain a clientele. Go for it. Offer promos for referrals. Word of mouth is the best advertisement.

Answer 4

Have you considered working for someone else to learn the business on their dime before spending yours? It would give you insights you may not have considered.

Answer 5

I say GO FOR IT! Congrats.