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Thread: How will recession hit the wedding photography business?

  1. #1

    Default How will recession hit the wedding photography business?

    Check out the article here. How will the recession, the most serious in 60 years to boot, affect local wedding photography business? Start a recession package? Or still maintain or even increase rates?

  2. #2
    Senior Member Sion's Avatar
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    Default Re: How will recession hit the wedding photography business?

    I think other lines of photography have been affected too.

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    Default Re: How will recession hit the wedding photography business?

    It's a once in a lifetime thingy, couples who likes good photography will still be willing to pay for it... I hope...

  4. #4

    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by m3lv1nh0 View Post
    It's a once in a lifetime thingy, couples who likes good photography will still be willing to pay for it... I hope...
    the once a lifetime thingy refers to the recession or the wedding?

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    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by pisduck View Post
    the once a lifetime thingy refers to the recession or the wedding?
    I bet the wedding of course.. With regards to recession, depends.. You might face more than 1 economic cycle if you live long enough.. Like our baby boomer generation..

  6. #6
    Moderator catchlights's Avatar
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    Default Re: How will recession hit the wedding photography business?

    during the last recession, many wedding couples KIV their customary wedding, (some waited for 3~4 years).

    those who can't wait, some forgo their their wedding banquets, some cut down all the expenses.

    wedding photography is only one segment of the wedding preparation, be it wedding day photography or bridal portrait, definitely they will cut back. so the cake (market) will become very small nowadays.

    so if you can't stay in this trade with current situation, better prepare to source income from other areas seriously.
    Shoot to Live, Live to Shoot
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    Default Re: How will recession hit the wedding photography business?

    I'm sure it will affect all in the wedding industry, not only the photography market.

    The last recession has made a lot of photographers looking for other sources of income until they tide it out. I was one of them but came out wiser and better prepared this time around.

    That said, there will still be people getting married and such. Perhaps less or budget reduced.

  8. #8

    Default Re: How will recession hit the wedding photography business?

    maybe more couples will come here for TFCD?
    always the Light, .... always.

  9. #9

    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by Canonised View Post
    maybe more couples will come here for TFCD?
    I thought it's the opposite? Couples will come and look for cheap freelance wedding photographers in Clubsnap.

  10. #10
    Senior Member Anson's Avatar
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    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by Harry Potter View Post
    I thought it's the opposite? Couples will come and look for cheap freelance wedding photographers in Clubsnap.
    Actually Freelance Wedding Photographer not necessary cheap... often getting the package from the bridal shop is more economical...

  11. #11

    Default Re: How will recession hit the wedding photography business?

    A wedding day event is of utmost importance to the couple.
    Would one chance a TFCD and hope the pictures turn out okay?

    At most i believe, the couples will tighten their budget & op for a good photographer within a reasonable budget.



    Quote Originally Posted by Harry Potter View Post
    I thought it's the opposite? Couples will come and look for cheap freelance wedding photographers in Clubsnap.

  12. #12
    Senior Member Anson's Avatar
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    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by mo2 View Post
    A wedding day event is of utmost importance to the couple.
    Would one chance a TFCD and hope the pictures turn out okay?
    Normally these couple would turn to "friends" with a "big" camera for help.....

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    Default Re: How will recession hit the wedding photography business?

    Recession is here and there's no escaping it. Couples will be on a budget. How should we as wedding photographers react to this? Should we reduce price to attract more budget couples or stick to our guns on the prices? Which options makes more business sense?

    I was hoping the pros here could share their insight on this. Thanks.

  14. #14
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    Default Re: How will recession hit the wedding photography business?

    Me only hobbyist.
    People just ask their friends and relatives to snap in a recession.

    Everyday read big companies overseas cut tens of thousands of jobs.
    Today Nissan say 20,000 retrenchments.
    You sure couples dare settle down in deep recession?
    Cannot even feed oneself, then want to be responsible for a new family?

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    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by m3lv1nh0 View Post
    Recession is here and there's no escaping it. Couples will be on a budget. How should we as wedding photographers react to this? Should we reduce price to attract more budget couples or stick to our guns on the prices? Which options makes more business sense?

    I was hoping the pros here could share their insight on this. Thanks.
    The question is, which group of clients would you like to attract - couples who really like your work and would pay big money for it or couples who book you because you fees fall in the budget range?

    I've managed to keep budget clients out of my door steps for 2 years now, and I want to keep it that way. Don't think the price difference between the top pricing photographers and mid range ones are anything more than $2k-3k, so no need to let client's bargain.

    In anyway, my biggest competitors has never been the other photographers, and more so at this point of time, the other vendors. I've been talking to couples who have signed up so far and most of them are cutting their budget on other things, e.g some are doing away with the wedding dinner, some I know are buying gowns off ebay at USD$250, the couple I just shot on Monday had their mum to sew all the 4 pieces of gown for them.

    Never let a client's budget problem become your problem, and strictly biz, let it be the other vendor's problem At the end of the day, it's what the couple value most and what are the things that they can do without.

  16. #16
    Senior Member jOhO's Avatar
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    Default Re: How will recession hit the wedding photography business?

    usually i let canturn talk but this time i'll have to chip in agree with him, especially the part where "our competitors aren't actually other photographers".

    sounds wierd but it's so true....

  17. #17
    Moderator catchlights's Avatar
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    Default Re: How will recession hit the wedding photography business?

    Quote Originally Posted by canturn View Post
    ...................

    Never let a client's budget problem become your problem, and strictly biz, let it be the other vendor's problem At the end of the day, it's what the couple value most and what are the things that they can do without.
    Agreed,



    many couples use this as an excuse to bargain, see what will they response if photographers tell them you got family to feed, house, car to maintains, cameras and lenses to upkeep, business to run........
    Shoot to Live, Live to Shoot
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  18. #18

    Default Re: How will recession hit the wedding photography business?

    today at VivoCity, saw lots of wedding roadshows.

  19. #19

    Default Re: How will recession hit the wedding photography business?

    The recession will hit wedding photography the same way as it hits other businesses - some more than others. For many people, wedding photography is a 'can have' - so for this group of people, that's an expense that could be cut. Although I haven't seen that happening in reality myself.

    Fortunately, most (if not all) of my clients place a very high priority on wedding photography. Their line of reasoning is a logical one. You can cut back on most things and return to purchase them when times are better. But you can't really do that for wedding day photography. I know that's beginning to sound cliche, but couples actually told me that themselves.

  20. #20

    Default Re: How will recession hit the wedding photography business?

    Knew some couples who only took up video to cut cost.
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