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Scott Highton's VR Photography Knowledge Quiz NPPA Cost of Doing Business Calculator NPPA Independent Photographers Toolkit Advertising Photographers of America Resource page Common Cents Column On The Cost of Doing Business Editorial Photographers Cost of Doing Business Calculator Editorial Photographers Yahoo! Group (Discussion Archives) NPPA Online Discussion Group Instructions Portions of this column were originally written for the November 2005 edition of News Photographer Magazine. Mark Loundy is a media producer and consultant based in San Jose, California. Full bio. The opinions in this article are those of the author alone and do not necessarily represent the official views of the National Press Photographers Association. |
November, 2005 By Mark Loundy
"PROFIT is the reason one goes into business. MONEY is the reason one goes into business. LOVING WHAT ONE DOES is a PERK, a FRINGE BENEFIT, a BONUS, but it's not the REASON to go into business." When somebody asks what I do for a living, I tell them that I produce videos. But what I really do is make money. Everything I do for a client has to be a profit center. When I ship a disk to a client, I mark-up the shipping costs. When I rent equipment for a shoot, I mark-up the rental fees. All of the "scut" work involved in making a job work is a service to your client and you should charge them for it. Every trip to Kinko's, every hour spent in front of the computer editing and processing images, every CD-R disk, even lunch has to be paid for by somebody and that somebody is your client. If you're not billing your expenses to your client (with an appropriate mark-up) you're giving away your profits.
Please let me know of any particularly good, bad or ugly dealings that you have had with clients recently. I will use the client's name, but I won't use your name if you don't want me to. Anonymous submissions will not be considered. Please include contact information for yourself and for the client. Leftovers |
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