A photography studio can be very interesting and profitable. It can also have major pitfalls that you should be aware of.
How to Start a Photo Studio
Opening a photography studio is an exciting opportunity! This video will tell you whether or not you should start your photography studio. What’s so good about having your photo studio? What’s so bad about having it? And what’s the ugly part of renting out a photography studio? Opening a studio is fun but you should have a good understanding of the reality of opening a studio.
I will use my own studio ownership experience (5 Points Studio, Los Angeles) and the lessons I learned from it. Should you open your own studio? This video and blog will help you a lot.
The good part of opening a photography studio
There are so many good things about having your photography studio. Here are a few below to give you an idea. More informational videos to help you on your journey to starting a photography studio:
- It builds your name in the community. “Oh that’s your studio?” is a common phrase, and the more people you meet, the better your photo business will perform.
- You have the space to shoot whatever you want! You don’t need to book another photo studio anymore. You can shoot at 4am or 4pm!
- You can generate a higher income than your photography business income.
Your photo studio? Avoid it because:
This video will provide more insight into owning a photography studio. Here are a few things that are hindering my business.
- You are responsible for everything. Every person who walks into your studio can (and I hope not) be their case. You will need to be insured with a great agent and be an LLC for the best protection. That is not legal advice. Please talk to your attorney about your exact business.
- What if someone falls into your photography studio? Will you have the appropriate insurance? What if they intentionally withdraw a check from you? People will do things quickly, and I want to see you protected.
- You are not like this, but others can be sketchy. Will they protect each model? Do they behave professionally? What can you do to make sure everyone is safe on your property? Can you trust others to come and rent your space?
The very bad part about owning a photography studio
Your photography studio can be a trap for some terrible situations. You run a clean operation and treat everyone with respect. You pay your business taxes and treat everyone with respect, but then you get a rude warning.
- You heard that there was an unsafe situation in your studio. Do you have studio covered by cameras? Was a model abused? Has anyone been in an unsafe situation? Have you taken every precaution to make sure others are safe? There are famous photographers. You want to make sure that your space is a safe space for everyone.
There are several reasons why you should open a photography studio. The purpose of this video is to prepare you for any situation and present it realistically. You can create a profitable business serving the community. You too can be a studio manager who never has time to take pictures again.
