How Much Does Corporate Photography Cost?
Ask three corporate photographers to quote on the same job and you could receive three different prices. Why is that?
Corporate Photography typically isn’t a la carte where you pick a package. Instead services are custom priced for your individual and unique requirements. This can be frustrating for clients looking to commission photography for their first time. But there is good news – read on!
Why a La Carte Can Be Wrong
Having a menu of service options would make commissioning corporate photography much easier. However it doesn’t allow for what you and your business needs. When a CPA is asked to manage your accounts costs will depend on your business structure (sole trader, partnership, company or LLC), turnover, whether you have employees and how much staff time is required.
Going off-menu when ordering a la carte will cost more. When ordering from a franchise pizzeria and asking for no olives it may cost you more to have less on the pizza.
A la carte photography would be like purchasing microstock, royalty-free images. Yes you know the flat fee but the image is by its very nature generic and not about your business. And your competitors can use the exact same image!
So How Is Corporate Photography Priced?
Sticking with the stock photo analogy, photographers charge a usage fee for commercial photography, similar to licensing a rights-managed image. There is a vast difference in fees for the same image being used by the local hairdresser in their salon than a multinational company for an international advertising campaign. The value of the photo is far greater the wider it is used. Sally’s Hair Salon will pay less than Revlon. Again you risk a stock image being used by a competitor whereas commissioned photography is custom made for your business.
Corporate Photography licensing fees are based on:
- Creative fee (10, 20 or more years experience and the creative execution)
- Usage (where the image is used, for how long and in what area)
- Pre & Post Production (organising the photo shoot and processing images)
- Special equipment & Permits (studio or location hire, parking, etc,)
A photography quote will include these points along with an outline of the creative “treatment” which helps you compare different approaches to your request.
Providing a brief to photographers when seeking quotes helps eliminate variances in photographers estimates. A brief can include:
- Example images you like the look and feel of
- The purpose of the images (what you want to achieve with the images)
- List of images needed
- Where they will be used (your website, billboard ads, PR)
- Expected timing and dates for shoot
- Your deadline for image delivery
The Good News
Over time clients and photographers establish a business relationship where similar services are requested. For example, updating staff headshots on a regular basis. It’s known quantity so fees, service and the images can be consistent. As a client that makes your life much easier!