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#REAL ESTATE PHOTOGRAPHY CONTRACT TEMPLATE HOW TO#
#REAL ESTATE PHOTOGRAPHY CONTRACT TEMPLATE SOFTWARE#

How can you make your business more profitable?

Considering the low overhead costs, profits stand to climb exponentially for each freelancer/employee you add to your team. Independent real estate photographers average an annual profit of $50,000, with many exceeding $90,000 per year. Like most startup businesses, it can take one to three years to realize a significant profit. How much profit can a real estate photography business make? Undercutting the competition only devalues the entire profession. Novice real estate photographers are urged to carefully consider their pricing. This includes the photo shoot and delivery of twenty-five to fifty edited photos.

Pricing varies from $80 to $500 per shoot, depending upon the size of the property being photographed and what part of the country you reside. The remaining balance is invoiced to the customer upon delivery of images. For commercial clients, a deposit is paid upfront. When photographing personal property for real estate agents, they are paid prior to or on a shoot and based on the number of images which have been contracted to provide. Most charge according to the type of property. Real estate photographers generate revenue from each shoot and photo delivery. How does a real estate photography business make money? They understand the value of publishing quality photos and include this as an essential part of their real estate budget. Your customers all have one thing in common - they are trying to sell their home or commercial property.

Payroll and payroll taxes - hire photographers on a freelance basis to reduce insurance exposure and payroll expenses.

#REAL ESTATE PHOTOGRAPHY CONTRACT TEMPLATE SOFTWARE#

Editing software - $48 to $150 per year.

Accounting software - up to $300 per year.

Website maintenance - $100 to $1,200 annually.

Until you decide to open a home office, your overhead expenses are fairly minimal. What are the ongoing expenses for a real estate photography business? Franchising costs range from $15,500 to $45,000. While start-up costs are higher, this provides additional resources to investors that could help accelerate enterprise growth. There are a number of franchise opportunities available in this industry as well.

Editing software - Adobe Photoshop Lightroom and the SLR Lounge Lightroom Preset System come highly recommended.

Flashes - You will need several, designed for different sized spaces.

Camera - While you do not need a top-of-the-line model, make sure it has the ability to change out lenses and add a cable release, flash, and wireless trigger.

To get started, you will need the following items: Industry leaders indicate a budget of $10,000 or less should be sufficient. This eliminates the need for a physical location, decreasing initial start-up and overhead costs. While the growth potential is high, many business owners start out as the sole photographer. What are the costs involved in opening a real estate photography business? Luckily we have done a lot of this research for you.

What are the startup and ongoing costs?.

It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur.

#REAL ESTATE PHOTOGRAPHY CONTRACT TEMPLATE HOW TO#

Check out our How to Start a Business page.

These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your real estate photography business. There is more to starting a business than just registering it with the state. You have found the perfect business idea, and now you are ready to take the next step. Start a real estate photography business by following these 10 steps: