2/21 & 2/22

Week 4

Due

  • Week 3 of expense tracking
  • Daily Cost of Doing Business (assignment 2)

Lecture

Introduction to a flat fee job - a set amount of payment from the client to determine your fee, minus expenses.

  • planning a shoot (make a list of things you might need)
  • scouting
  • sketching ideas
  • researching on subject and client (what are kinds of jobs we could be doing)
  • flat fee jobs vs. fee plus expenses jobs
  • Work for hire vs licensing? (how is this changing right now)
  • Photographers who rent their own equipment


Art Pricing:

  • Unique Item vs Edition, vs As many as possible
  • Painting vs Paper vs Sculpture vs Photo
  • What gallery do you show at? What is the split? Why?
  • How big is the work
  • Residuals? WTF
  • Auction record?

Pricing and Estimating continued: Usage & Releases

  • Create estimate and invoice templates
  • How to log and tracking invoicing
  • Negotiating fees with emphasis on usage
  • Breaking down shoot time to determine pricing
  • Shooting time, travel time, and post-processing time
  • Price an hourly fee event shoot
  • Discuss Model Releases

Studio


Homework

  • Modify an Estimate template and an Invoicing template to your specific business model.
  • Price out a commercial job (details in Assignment 3 folder)
  • Continue week 3 of expense tracking