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Thread: If you were to open your own Make-Over studio....

  1. #1

    Red face If you were to open your own Make-Over studio....

    Hi guys and gals,

    Like to seek some advice on the topic above.
    If you were to start your own make-over business, where would you do it?
    Would you choose a retail location in town area or some ulu ulu place to save on rental?
    Bearing in mind the nature of the business of course.

    Thanks

  2. #2
    Moderator nightwolf75's Avatar
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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by de_stan
    Hi guys and gals,

    Like to seek some advice on the topic above.
    If you were to start your own make-over business, where would you do it?
    Would you choose a retail location in town area or some ulu ulu place to save on rental?
    Bearing in mind the nature of the business of course.

    Thanks
    as my prof once told the class... "location, location, location"...
    If Life worked on auto mode then manual mode for photography would have never existed. ― Deeksha Mittal

  3. #3
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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by de_stan
    Hi guys and gals,

    Like to seek some advice on the topic above.
    If you were to start your own make-over business, where would you do it?
    Would you choose a retail location in town area or some ulu ulu place to save on rental?
    Bearing in mind the nature of the business of course.

    Thanks
    You also must have good people relationship -> providing projects, manpower & $$$$ -> equipment.

  4. #4
    Deregistered chunsan's Avatar
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    Default Re: If you were to open your own Make-Over studio....

    Yes, I agree, First is location, second is marketing, third demonstrate your true products and or skill (in photography)

  5. #5
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    Default Re: If you were to open your own Make-Over studio....

    Good business -> over $3K if not less than $2K.

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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by nightwolf75
    as my prof once told the class... "location, location, location"...
    Agreed that location is important but bare in mind that better location also means higher rental cost. A 400 sq ft unit in Parkway Parade can cost near the 5 fig range for rental.
    Last edited by yqt; 8th March 2006 at 09:51 AM.
    I get paid more shooting part time ...... damn, I should find more time to shoot part time

  7. #7

    Default Re: If you were to open your own Make-Over studio....

    ulu ulu place like mine is for commercial and industrial. thats why i do not have alot of makeover customers. but bear in mind that the rental cost. if u need studio equipment, i can help.

    LIM
    D STUDIOLAB SINGAPORE
    Lem Cheng Hai
    w w w . d s t u d i o l a b . c o m

  8. #8

    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by yqt
    Agreed that location is important but bear in mind that better location also means higher rental cost. A 400 sq ft unit in Parkway Parade can cost near the 5 fig range for rental.
    Agree. Selection of location needs to be balanced with marketing approaches. The financial muscle powerhouses will just use brute force to get the best location, they don't even need to be direct competitors - just retail storefronters. Small timers must have deep pockets to recoup the ROI.

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    Moderator nightwolf75's Avatar
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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by yqt
    Agreed that location is important but bear in mind that better location also means higher rental cost. A 400 sq ft unit in Parkway Parade can cost near the 5 fig range for rental.
    true. however, make-over studio i believe is quite dependent on walk-in customers. d_studiolab raised a very good point abt location vs type of photography one is doing.

    actually, this 'location x3' saying is just a shorthand way of saying dat anyone starting a business has to balance out bet rental/overhead costs vs achieving ur intended income from business. i remembered one time, wisma atria was like the mecca of make-over studios until wisma's renovations. guess rentals went up after dat... nowadays, they are spread all over other locations along orchard road.
    If Life worked on auto mode then manual mode for photography would have never existed. ― Deeksha Mittal

  10. #10

    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by d_studiolab
    ulu ulu place like mine is for commercial and industrial. thats why i do not have alot of makeover customers. but bear in mind that the rental cost. if u need studio equipment, i can help.

    LIM
    D STUDIOLAB SINGAPORE
    Kindly leave me your contact number.
    Maybe I can consult you regarding studio equipments.

  11. #11

    Default Re: If you were to open your own Make-Over studio....

    Right, but I would like to know for such a business, does it really depend more from walk-in customers or via appointments?

  12. #12
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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by de_stan
    Right, but I would like to know for such a business, does it really depend more from walk-in customers or via appointments?
    You will have to depend on walk-in customers if you are in a high
    end busy business complex/shopping centre where you will find all your potential customers.

    Business via appointments are a part of your strength as your business grows. New comers to this type of business must be prepared to give your customers something different. Have a thought about the saturation now in trend such as "bubble tea". It was good in the 80s and early 90s. It will be more in the marketing dollars to promote your new venture.

    ------------------------
    At the end of the day, it is still quality products and
    customer's satisfaction with first class public relation efforts
    including effective marketing.

  13. #13

    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by de_stan
    Kindly leave me your contact number.
    Maybe I can consult you regarding studio equipments.
    You can visit my website at:

    http://www.dstudiolab.com

    LIM
    D STUDIOLAB SINGAPORE
    Lem Cheng Hai
    w w w . d s t u d i o l a b . c o m

  14. #14

    Default Re: If you were to open your own Make-Over studio....

    Ultimately it all depends on your capital. If you have a budget that is suffice for 3 mths downpayment for the rent, one month for the agent fee, another perhaps 10 to 30K for renovation, and further 6 mths of operating capital(includes rent, utility, salaries, etc)... you should be able to make it with good marketing and ofcourse good & profitable products.

    Calculate the sum and search for the possible location with respect to the rent.

    Hope it helps.

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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by BreakThru
    ... you should be able to make it with good marketing and ofcourse good & profitable products.

    Calculate the sum and search for the possible location with respect to the rent.
    With all the careful calculations, you may start making profits even
    in the first or second year. But I doubt you could be making profits
    every year after that because the small sector of the market would
    have known you already. Is there anymore new clients?

    To think of it, I rather venture into new grounds where potentially
    the market is 10 to 20 folds larger such as India, China, Thailand or
    even Vietnam.

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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by forward
    With all the careful calculations, you may start making profits even
    in the first or second year. But I doubt you could be making profits
    every year after that because the small sector of the market would
    have known you already. Is there anymore new clients?

    To think of it, I rather venture into new grounds where potentially
    the market is 10 to 20 folds larger such as India, China, Thailand or
    even Vietnam.
    Can try Shanghai & Indonesia. They paid you $US.

  17. #17
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    Default Re: If you were to open your own Make-Over studio....

    I'd rather get an ulu location and spend on advertising.
    Long term rental isn't worth it.
    Just get your name recognised and people'll come to u?

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    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by de_stan
    Hi guys and gals,

    Like to seek some advice on the topic above.
    If you were to start your own make-over business, where would you do it?
    Would you choose a retail location in town area or some ulu ulu place to save on rental?
    Bearing in mind the nature of the business of course.

    Thanks
    true to say location plays an important part and not forgetting the outlook of the shop. but then again if your talking bout saving on the rent. if you have good marketing and good relationship with your customers location is not a big problem. more important your business bring in cash rather than losing it.

    what happens if you have good location and good equipment but no customers. end up you have to pay the rent out of your own pocket and ending winding up business.

    this is what i feel. no hard feelings.

  19. #19

    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by festard
    I'd rather get an ulu location and spend on advertising.
    Long term rental isn't worth it.
    Just get your name recognised and people'll come to u?
    How about getting a small booth and bring them to shoot outdoors?

  20. #20

    Default Re: If you were to open your own Make-Over studio....

    Quote Originally Posted by festard
    I'd rather get an ulu location and spend on advertising.
    Long term rental isn't worth it.
    Just get your name recognised and people'll come to u?
    Having said that do you realise how much it cost to advertise and how long you have to do it before people start to notice you and build up trust? I can tell you that it cost a bomb less you run your own magazine or advertising firm. Or if you have good lobang?

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