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08/19/2008 08:58:28 AM · #1 |
//www.pdnonline.com/pdn/content_display/features/pdn-online/e3ibbefeb4c691150b54660f94b1c3fe4c3
Some here doubt my numbers when I mention how much to charge, get paid, how long a job takes to shoot, what to pay a second shooter, etc - here they are from a third party.
From the survey :
Figures 15 and 16. Income as a function of fees (top) and volume (bottom)
What pays more: boosting your volume or boosting your fees? These charts show that our survey respondents̢۪ personal incomes rose steadily as they increased fees up to and well beyond the $3,500 overall average shown in a previous chart. Personal income also increases as volume (number of weddings shot in a year) rises, but the gains appear less pronounced and less predictable beyond 35 weddings per year. The bottom line? A more reliable (and probably healthier) way to boost your income is to focus on raising your fees rather than working longer hours.
Message edited by author 2008-08-19 09:05:15.
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08/19/2008 09:19:19 AM · #2 |
| yep I knew there was a good reason I couldnt quit my day job. Photogs are way underpaid |
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08/19/2008 09:40:31 AM · #3 |
Originally posted by JaimeVinas:
yep I knew there was a good reason I couldnt quit my day job. Photogs are way underpaid |
so much for hoping for a job in this field and still being able to pay my bills
as for the chart maybe im a bit slow, but i thought median and average are basically the same thing, so how is the average 750 and the median 450, what am i missing? |
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08/19/2008 09:46:45 AM · #4 |
Originally posted by outafocus:
Originally posted by JaimeVinas:
yep I knew there was a good reason I couldnt quit my day job. Photogs are way underpaid |
so much for hoping for a job in this field and still being able to pay my bills
as for the chart maybe im a bit slow, but i thought median and average are basically the same thing, so how is the average 750 and the median 450, what am i missing? |
If the average is well above the median, the distribution is asymmetric, with either a large number of low earners at the bottom, a small number of extremely high earners at the top, or both. The combination is fairly common in income distributions.
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08/19/2008 09:49:02 AM · #5 |
Originally posted by outafocus:
as for the chart maybe im a bit slow, but i thought median and average are basically the same thing, so how is the average 750 and the median 450, what am i missing? |
An example:
5 people earn:
A: 1000
B: 1500
C: 2000
D: 5000
E: 10000
Average: (1000+1500+2000+5000+10000)/5 = 3900
Median: 2000 (in this case the one in the middle)
I hope this is at least somewhat correct - I'm sure others will jump in if not.
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08/19/2008 10:02:21 AM · #6 |
Originally posted by bjoern:
Originally posted by outafocus:
as for the chart maybe im a bit slow, but i thought median and average are basically the same thing, so how is the average 750 and the median 450, what am i missing? |
An example:
5 people earn:
A: 1000
B: 1500
C: 2000
D: 5000
E: 10000
Average: (1000+1500+2000+5000+10000)/5 = 3900
Median: 2000 (in this case the one in the middle)
I hope this is at least somewhat correct - I'm sure others will jump in if not. |
Both  bjoern and  Camabs are correct. |
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08/19/2008 10:25:59 AM · #7 |
Originally posted by Ann:
Originally posted by bjoern:
Originally posted by outafocus:
as for the chart maybe im a bit slow, but i thought median and average are basically the same thing, so how is the average 750 and the median 450, what am i missing? |
An example:
5 people earn:
A: 1000
B: 1500
C: 2000
D: 5000
E: 10000
Average: (1000+1500+2000+5000+10000)/5 = 3900
Median: 2000 (in this case the one in the middle)
I hope this is at least somewhat correct - I'm sure others will jump in if not. |
Both bjoern and Camabs are correct. |
It's pretty simple to remember. We all know what an average is; you add up and then divide. The median is the harder one to remember, but think of this: a freeway has a "median", it's the trip in the center that divides the two directions of travel.
Thus, the "median income" is the one that has equal numbers of earners above it and beneath it.
An extreme case: eleven lemonade stands have daily sales, of $1,000 for the top grosser and $10 apiece for the rest. That's $1,100 total gross for 11 stands, and an AVERAGE sales of $100 per stand.
Now obviously that average sales figure is pretty much meaningless in describing the status quo of the average lemonade stand right? But the MEDIAN, that's a different story: the median gross for these stands is $10, which describes the situation a whole lot better.
R.
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08/19/2008 10:49:26 AM · #8 |
thank you all, that is all starting to ring a bell,
still adds up to the fact that i might as well wait till i retire to try and earn a living as a photographer, lol |
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08/20/2008 12:05:22 AM · #9 |
I don't know who they surveyed, but there are a lot of weekend warriors out there, shoot and burn shooters too - for wedding they get $800-1500 (around here anyway) and do maybe 5 to 10 weddings a year, if that.
A full time wedding photographer needs that $90 grand a year - so 30 $3,000 weddings is more like it, or some shot upwards of 50.
Now if you hire a second shooter, or someone to shoot and burn weddings for the studio then that person (around here) will get anywhere from $25/hour to $50 an hour for an 8 hour day - $200 to 400. I've know some that get paid up to $600 or so.
Look at Bella, the national deal that sells weddings all over. They claim they pay 'up to $1500' or some such, but reality is it's more like $250 for most of their photogs.
Walmart, JCPenney, etc all have professional photographers, right? $8.50 an hour and maybe some bonuses is what they get around here.
Photographers that help with sports or schools or such also don't get paid very much, but can claim professional status.
News PJ shooters make very little as well -most work freelance and get $50 a pic or story and that can take, with driving, 2 or 4 hours in a lot of cases.
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