Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$600

$4,700

Equipment & Supply Expenses

$63

$200

Retail Business Expenses

$1,250

$11,650

Inventory Expenses

$350

$14,750

Software Expenses

$150

$2,470

Advertising & Marketing Costs

$75

$4,786

Total Startup Costs

$2,862

$46,123

WAF and Awards, WAF

worldarchitecturefestival.com

75,386

Eventival.com

eventival.com

268,591

PhotoNOLA

photonola.org

367,576

Days of the Dead

daysofthedead.com

516,682

Online Art Call Submission & Jury Software

artcall.org

684,635

Life Framer

life-framer.com

784,326

Connect 2020: The Palm Springs Photo Festival

palmspringsphotofestival.com

951,455

FotoFest – A Platform for Art and Ideas

fotofest.org

956,867

Indian Photo Fest

indianphotofest.com

1,109,447

Fiesta San Antonio

fiestasanantonio.org

1,150,161

El Paso Film Festival

elpasofilmfestival.org

1,284,866

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Meaningful business connections

You never know who you will meet as a festival photographer. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

High margins

The gross margins for your festival photographer are typically around 50%, which is considerably high and allows you to grow your business and manage costs easily.

Pick & choose the clients you work with

Festival Photographeres have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

High overhead expenses

With becoming a festival photographer, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With becoming a festival photographer, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

Difficult to build trust with your customer

With becoming a festival photographer, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.

Impatient customers

You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service.