THIS IS A SHARING THREAD FROM ME TO WORKING MODELS AND PHOTOGRAPHERS.... more stuff for photographers at the bottom...
FOR MODELS: [THE FREELACING MODEL]
Modeling is a JOB...
Writing this to serve more as a "practical" guideline rather than to change the market in anyway.... and given recently there's been numerous post about how much one should charge/ how much one should pay... i figured i'd give my few cents on what I think is logical..
I've mentioned the practicalities of modeling to a fair number of ladies that came by my place as guests and partly, just to let everyone know that modeling isnt all that lucrative a job... (not unless your endorsements starts coming in). This topic is really for numerous ladies in clubsnap that havent the least idea how much to bill...
Some issues i find interesting.
1. Here's a general idea of how much you'll need to earn to sustain yourself (a decent living standard) locally.. assuming u're self employed and working for a living
15-20 - $1500/month ave.
20-25 - $2000/month ave.
25-35 - $3000/month ave.
35-50 - $4500/month ave.
That's about what i feel is minimal, if you want to be a freelance model ( i feel it's only sensible to add a fair amount to that minimum price / since modeling is "supposed" to be a glam job and hey.. if u wanna earn this little, u might as well take on an administrative job.
so for the majority of young female models here, at 18-23 years of age, you really should go for a min. $3000 salary a month (also consider, a model's commercial shelf live is pretty limited, i'd say 30ish for most... by that time, you'll want to have earned enough to do something more tangible... run a boutique, spa.. watever.. so. if u're not hitting your 3k salary a month... *Seriously* consider changing careers and do hospitality with a major hotel or something...
here's more interesting stuff..
how we usually calculate hourly rates goes something like this (this is one of the standard advertising formulas we use):
(Annual Salary) divided by (Total productive work hours in a year) + ave Overhead cost (transport/living cost/necessities blah) + Commercial Profit
= 36000 (salary x 12mnth) / 1600 (80% of 2080 hours) x OH multiplier 3x+ 25% profit
= 22.5 x 3 + 25%
not alot of money considering your immense Overheads like makeup and accessories/hair and pedicure visits and of course your monthly overheads... in fact, $85 dollars after all the hoohaaa... u only end up with an extremely small profit margin... it's only wise to crank it up to $100 - $150 dollars/hr.
[ AGENCY vs FREELANCE ]
With an agency, it might look lucrative - $2500 for 8+1 hours (or about $270/hr) but considering how much agency draw from media/loading fees (anything from 2k-15k for media usage rights), I'm led to believe the per hour cost of using their models (and the agency of course) runs into the thousands/hr.. logical since it's a viable business model.
So a freelance model? what's $150/hr compared to $1500/hr to a client.. There's absolutely no reason to do anything for less than what you're worth..
NOW here's the big issue in the forums..
We've lots of models that want to earn lucrative monies but dont have what it takes to be a full-time model... to further add, a HUGE percentage of photographers here dont even shoot commercially... so why would they pay $150/hr for you....In other words... you're simply in the wrong market segment.. or section rather- That said... if modeling is a part-time job or passion.. I suppose it's fine to bill whatever you feel you're worth...(remember, $100/hr and you'll need to get 30 hours worth of jobs a month or you dont hit your $3k... and if you dont hit $3k.... might as well get a stable(r) admin job..
Modeling is a self employed job. You are what you think you're worth...
Next: Some things to consider if you're beautiful and want to climb up in value...