Business Idea

Become A Festival Photographer

About

Becoming a festival photographer requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell festival photographer, or selling festival photographer online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$10.2B
starting costs
$27.7K
gross margin
50%
avg product price
$200
time to build
240 months
growth
Press
time investment
Full time

About

Becoming a festival photographer requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell festival photographer, or selling festival photographer online, you can use this page as a guide for everything you'll need to know.

Key stats

market size
$10.2B
starting costs
$27.7K
gross margin
50%
avg product price
$200

 

time to build
240 months
growth
Press
time investment
Full time

Startup Costs

Min Startup Costs Max Startup Costs
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

Successful Businesses

Business URL Rank
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

Pros & Cons

Pros Description
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!
Cons Description
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.

Marketing Ideas

  • 1

    Affiliate Program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Direct Sales

    Direct sales strategy implies a direct contact between a seller and a consumer without the involvement of any third party. Direct selling is popular in sectors where sellers communicate with their clientele personally. The sales technique occurs at non-store locations which include at home, work, or online.

    For direct selling to succeed, hire a few (or many) salespeople to support the sales conversion process. It's critical that you assign them specific roles and responsibilities to nurture the client and provide excellent support.

  • 3

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.