posted 17th Feb
Okay, so what are you guys' thoughts on this? SO's aunt owns a photography business in our town that is VERY well known. She gets a lot of business (it's also a very small town.) Well, she saw all the people commenting on my pictures & posting on my wall asking me to do their photos, & I was telling them they'd have to wait until I got my business license & everything so I was legal. Well, she asked me a few weeks ago to do Easter Mini Sessions with her. She said we would split profits & it would give me a chance to try it out & everything. So we're doing that in March.
Well today, she messaged me & asked this: (Brad is SO's brother who is also into Photography)
Also, I've been thinking....Uh oh! lol If Brad was still interested (he is thinking about it again), It might be cool, and financially beneficial, if we created one big studio. It is fine working alone, and easier when it comes time to pay yourself, but it is hard to afford equipment and studio rental/utilities, etc... when you are paying for it all yourself and you only have time to do so many sessions. BUT, more photographers means more sessions, which means more $; and splitting costs could mean cooler studio and awesome equipment to share. We could come up with a formula for paying ourselves per session we shoot while leaving a bit to go back into the company to pay bills and buy equipment, then any profit at the end of the year could be split. (Paperwork to do for this stuff is pretty easy, especially since I already have online websites for purchases and such). We could also do 2 shooter weddings that way and split the profit according to who booked it and how big of a role they are going to play in post processing. (For example a 70/30 split, the 70% going to the person who booked the wedding and is doing the majority of the editing and package fulfillment, 30% to the second shooter for helping shoot on that day and just helping with edits and package fulfillment.) MANY clients want 2 shooters these days, and really we would have 3 because I send Chad or Brad in with a 3rd camera to photograph groomsmen as they are getting ready since girls can't be in there. lol But I was just thinking, if we could go into business and split costs, we could probably do bigger/better things, and still have time with our kids because we are splitting work. Just something to think about. At least 5 people have asked to go into business with me now and I've said no, so this is definitely a compliment. ha ha ha...and DO NOT feel badly if you don't think it's a good idea. It was just a suggestion. Of course lots of things would need to be "hashed out" and we could do a trial period, but There are just so many things I would love to have for the business that I can't afford and if there was more than one of us, we might really be able to have an awesome studio...
She's not a bad photographer, but we do have different styles. However, she was actually asking me how I edit & about my workflow, & actually asked ME to teach HER some things. & I'm sure there are things she can teach me. I asked her if we would still be "allowed' to book our own individual sessions & everything & she said that she thinks that's what we SHOULD do. It would help me a lot since I'm just starting out & she has a ton of lenses/backdrops/& props & a huge client base already. But in another sense, I'm worried that it won't work out & things will be awkward or something.
Also, I would be working as contracted under her, so she would just give me a form at the end of every year for me to file taxes, so I just kind of think it would be less of a hassle since I'm pretty clueless on running a business right now. What do you guys think? Do you think it's a bad idea?