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