Now that there's a photo biz sub forum, I hope we can share our experience and provide interested photogs to look at the business aspect seriously either now or in future.
Now, lets get to business.....
Starting a photography business:
The thing about photography business actually isn't about photography at all. It's ALL about business. By business, I mean finding clients, marketing, salesmanship, keeping tabs on expenses and incomes, finding your niche...etc
However, photography in Singapore where supply in rapidly out number the demands, in such an elastic (easily substituted) market the very FIRST consideration is actually basic common sense that I'm not sure it's covered in business classes or not. It's about SETTING PRECEDENCE.... the below quote from POTN I found aptly describes the situation. Note the underlined and bold-ed.
Not that I'm saying it's a no-hope situation, but like most population distribution, only the top few percentile would be able to differentiate themselves from the "middle-class" and "lower-class" and command a premium in fees. This would ultimately squeeze out the "middle-class" and have the "lower-class" overrun by hobbyist/student whom does not need to rely on photography for income.Originally Posted by POTN Post
And if I may further expand on the above, the jump to distinct oneself from the "lower-class" to the top few percentile is liken to those striking 1st prize for toto. ie there would always be some outstanding newbies waiting to be spotted but the disparity in the 2 classes would be very great.This implies that those at the top would sooner or later face "aging" issues unless there's sufficient lower-rung photographer with flair and business mind to maintain the premium pricing at the top.... all it need is sufficient percentage of "top" photographers to start looking at the wrong purple cow (pricing) and the pricing at the top would also suffer.