Don't forget about costs like image retouching and album creation time when you're doing the calculation, however.
Don't forget about costs like image retouching and album creation time when you're doing the calculation, however.Tags: Digital X-Ray Tomosynthesis Current State Of The ArtTechnical Essay HeadingLow Budget Business PlansEssay Writing On PhotographyEntertainment Company Business PlanGovernor'S Scholar EssaysDissertation DepressionEssay Writing Practice QuestionsResearch Paper About Cancer
Be sure to factor in the amount of time you're spending, including travel, planning, retouching, etc.
Do you include hair and makeup with your sessions, incur location fees, or other hidden costs?
Now that you've reminded yourself WHY you're in this business, take a couple of minutes to review the past year in your mind.
What were some of your greatest successes, or things that went so well you will definitely want to repeat them?
If you've already calculated your CODB, now might be a good time to revisit it and make adjustments to reflect your current costs.
If, for example, you want to take more time off in the coming year, attend more training or other events that will take you away from earning income, you will need to factor that in, and adjust your pricing accordingly, or find other income streams to make up the difference.
What products and services are you offering to your clients?
You should review your product lineup on a regular basis.
You need to know what items are selling, and you also need to know how much money you're making on each.
As an example, if you're selling an album with almost every session, but it's taking too much time to create for the amount of profit you are making, you need to make a change, and either increase the selling price of your albums or find a faster way to create them.