Thursday, March 27, 2008

Why is Wedding Photography So Expensive?
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Did you know that the average bride in Chicago spends $3,710 on her wedding photography? It is one of the most costly purchases of her entire wedding day.

Think that's outrageous?

At first, I fully admit that I did. After I ventured into this business, however, I realized that it ends up being a fair price.

So what is it that you're paying for? And why is it so darn expensive?

What most people don't realize is the incredible cost of being a photographer. The following is a list of things that we have to purchase/provide:

  • Insurance - equipment damage/theft, liability, travel, etc.
  • Equipment - we are constantly updating our lenses, cameras, cards, software, lights, and other photographic tools. To give a great example, I just purchased a lens that cost me just shy of $1,700!!! Google the price of photoshop. I guarantee you'll begin to see a trend in pricing. Did I mention repair?
  • Editing time - post production work on weddings takes, on average, a full 40 hour work week. Time is money, as you well know, and you are paying for the best when dealing with independent photographers (when compared to studio photography).
  • Post production outsourcing - there are times when one person just can't do it all. In cases like these, photographers find it necessary to outsource their editing work. Photo retouchers can cost hundreds of dollars per hour!!!
  • Product - independent photographers provide their clients, in most cases, with top notch product. They do not get the bulk discounts that large studios are able to obtain, which drives prices up slightly.
  • Assistants - many photographers, including myself, never do a shoot without an assistant. These people are what makes the shoots run smoothly. I've found that you truly get what you pay for with your help, and as such, offer my assistants more than fair compensation for their time. Having an assistant ensures efficiency and photographic quality. My assistants help me with everything from lighting, equipment carrying, and even some photography work.
  • Travel - gas prices and car repair. Enough said ;)
  • Advertising - awareness is a huge part of this business. It's so easy to be lost in a sea of photographers out there. This makes it imperative to make yourself known as best as possible.
  • Literature - photographers must keep pamphlets/brochures, business cards, and other forms of literature on hand and in large quantities at all times. Most printing facilities have a minimum print requirement of 500 items.
  • Taxes - yup. We get nailed with taxes in so many ways.
  • Studio space (myself excluded, as I shoot on location only) - a studio space can cost thousands of dollars a month to rent!
  • Additional photographers - I strive to provide the best. As such, I must be able to compensate handsomely for my photographers' work. Every photographer that I hire to shoot along with me receives the ENTIRE second photographer fee charged to the client.
  • Gifts - independent photographers strive to have personal relationships with their clients. We want them to feel special and appreciated. On wedding days or shortly after, it is common for photographers to spoil their clients a bit as an added thank you.
  • Education - photographers who stay educated continue to evolve with technology and techniques out there. Seminars, formal classes and other means of education are very costly.
  • Experience and Background - who a photographer has worked with adds value to the product because it soars their demand. It's the reason why photographers like Annie Liebowitz and Jerry Ghionis charge the prices that they do for a shoot.

In the end, it is EXTREMELY important to remember that you get what you pay for. I mean this sincerely and as a warning. Your wedding day is going to be one of the most important days in your life. You can never capture it again. This is the reason why I refer to my photography services as 'investments' - it is a once in a lifetime purchase that preserves your memories, and can be shared again and again throughout your lifetime.

Can you really put a price on that?