by Tim Gander

The Stupid Economy

Yes, that’s a misquote of the often used “the economy, stupid,” but I thought I’d throw a few thoughts out there about the economy because I covered an “economic dinner” last week (it was a dinner for economists, not a low-budget supper) at which one of the guest speakers was Andy Haldane of the Bank of England.

There was much talk of the economy, interest rates, access to finance and so on, and while I don’t hear everything at these kinds of events on account of I’m busy concentrating on camera and flash settings, angles, focus, and composition, I do get the gist of what’s being said.

But why should anyone care what I, a mere photographer, think is happening with the economy? Why indeed, though it’s fair to say most economists seem to be equally ill-equipped to understand all the statistics about employment, productivity and forecasts on where the economy is headed, so I may as well give it a shot.

Andy Haldane of Bank of England speaks at a lectern at a function in Bath

Andy Haldane of the Bank of England gives an economic forecast at an event in Bath

I was at another function earlier in the year and was approached by a representative of the Bank of England who I thought was going to ask me something to do with photography. Instead he asked me how my business was doing because, he said, “I suspect someone in your line of work feels the ups and downs of the economy rather more immediately than many others.”

I think he’s probably right. Commercial photographers often feel the start of a bust almost before it’s happened because while companies might feel they’re working in isolation and cutting their marketing budgets ahead of an expected downturn, when enough of them do this the photographer feels the downturn before it officially hits. I experienced this in 2008 not long after Northern Rock hit the rocks.

So where are we now and where are we going? Well for a start I’m happy to report that things have picked up over the last two or three years. My turnover is back to where it was pre-crash, and actually marginally up, but it all still feels rather delicate.

Company budgets are still very much under constant revision and my turnover is up because I’ve had more bookings, not because I’ve put my fees up. In fact my fees haven’t changed significantly in about four years.

What can be hard to separate out is whether businesses are booking more photography because they’re feeling more confident or because they’re trying to make up for lost ground having slashed marketing budgets in 2008. I can only speak anecdotally, but I’d say it’s a mixture with a tilt in favour of the latter.

Businesses which have held back spending on photography for more than a couple of years often find that when they come back to review their marketing plans, they’re lacking in pertinent pictures and often have to restart their picture library from scratch. This can be an expensive process, and might force some to further delay commissioning new work. It can become a bit of a vicious cycle.

Then when the decision is made to give the go-ahead on new imagery, because so much is required to recover lost ground it’s understandable that there is some pressure to keep costs down. The end result is, I get more work but I can’t charge any more than I was a few years ago. Many businesses find themselves in a bit of a limbo situation like this.

It really doesn’t require an economist to tell you that the “recovery” is going to be slow and vulnerable. The debt bubble is still in the economy. It was with the banks, now it’s been spread amongst us all, but it is still there and getting worse. This is keeping everyone, businesses and individuals alike, nervous. Of course my best advice would be to not slash your marketing budget (I would say that, wouldn’t I) because it’ll harm your chances of finding new business and retaining existing clients and it’ll cost more to re-start it later.

Now my thoughts on the economy might not be detailed and in-depth, but like any astrologer, if I remain vague I can’t be accused of being wrong can I? Famous last words.

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 by Tim Gander

Photography Fees Explained

A couple of weeks ago I promised you an article about how photographers set their rates and where I fit into the market. Then I spotted some shiny things and got distracted and ended up writing about other stuff. Suitably self-chastised, I’m back on track and ready to tackle the subject properly.

I’ll qualify this article by admitting that I can’t explain all photographers’ rates for all genres. This article concentrates on photography for commercial usage by businesses, charities and other organisations. When it comes to rates set by social photographers (think families, pets, dinner dances and weddings) this is structured in a different way because the images aren’t generally licensed for commercial exploitation.

There was a time when commercial photographers worked up an estimate by showing the shoot costs plus their licensing fee based on usage and a fair few still do this, but in my experience I found it difficult to keep explaining all the cost elements repeatedly because the vast majority of clients booking me are not specialist in the field of commissioning photography. More often than not I’m contacted by an office secretary or perhaps an in-house or externally-hired press officer or public relations person.

This isn’t a criticism, it’s just one aspect of how the industry has changed and a few years ago I realised that things had shifted in such a way that I needed to simplify my fee structure in order to speed up the understanding of what I was charging and what was included or excluded.

Lego male minifig with camera takes picture of female minifig.

Now if I was a Lego photographer, I wouldn’t have to worry about running costs*
*random stock photo

What I ended up with was three main packages, one of which hardly anyone ever goes for (ironically my cheapest package, albeit with the greatest number of restrictions). And of the two other packages, the highest fee package is by far the most popular because it’s the most flexible.

If I break down my fees into their constituent elemets, essentially what I’m charging for is a combination of time on site, editing and processing time and the client’s licence to use the images for their corporate communications.

However, if you asked me to make that break-down specific, I couldn’t. I might be able to suggest rough percentages, but they really would be vague and not very informative.

There are of course other factors to account for. Within any freelance photographers fee there has to be an element of skill level and experience charged for. This is probably where I start to look pricey compared to someone who has just picked up a camera, read the instruction book and decided it’s their life ambition to take pictures for money. I reckon 25 years’ experience shows in how I approach clients, how I conduct myself on assignment right through to how the end results look and I consider all of these factors important and worth a premium.

Slightly more tangible are the running costs of being a photographer. Cameras, lenses and supporting equipment (batteries, chargers, bags) as well as a car and its associated costs, public liability insurance, computers, software, image hosting, image storage… All these things and more have to be considered before even a profit and salary (on which tax will be paid) need to be accounted for within a fee.

So where do my fees fit into the overall picture? How did I set them? The simple answer is that before I introduced my current structure I was spending quite a lot of time drawing up estimates for clients who were all of a certain level (SMEs to larger businesses with multiple office locations, but not the Goliath organisations with global span).

More often than not I found my estimates coming to very similar amounts by the time I’d factored in all the costs plus the licence fee. Eventually it just made sense to set up the three packages I have now and they’ve not only attracted more clients with their simplicity and up-front openness, but I spend much less time writing up estimates, which has to be a good thing.

Much of this has the air of a guessing game, but having worked out what it costs to run my business, what I need as a salary, and how many days a year I can expect to get paid commissions, it then comes down to whether I can attain the kind of quality that enough clients are willing to pay my fees to make the whole thing viable. This, in effect, is a business plan and is very much why I charge what I charge. Simple really, but also quite complicated which is probably why cheaper photographers charge what they do, but find they can’t sustain their businesses. That’s a whole other post, which I’m sure I’ve written already.

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 by Tim Gander

The Five Day Black and White Challenge

I managed to miss being nominated for the ice bucket challenge when that was doing the rounds and it’s likely I would have refused to take part had anyone nominated me. It’s not that I don’t support charities (I make monthly donations to two and drop coins into the odd tin in between), I just don’t like being made to feel I have to give just because someone tells me to.

So, with that little pre-amble out of the way, when my photographer friend Graham Trott nominated me to take part in the Five Day Black & White Challenge on Facebook, since it isn’t tied to any kind of cause, I decided to take part because I didn’t feel I’d be letting anyone down if I didn’t. Which barely makes sense other than in a weird reverse psychology kind of a way.

Siegfried Sassoon's grave in St Andrews Church in Mells, Somerset.

Siegfried Sassoon’s grave in St Andrews Church in Mells, Somerset.

I’m only on Day 2 as I write this, and I’m just going to post today’s photo here. If you’d like to see the rest as and when they appear, please visit my Photography Facebook Page. If you click the Like button there you’ll see all future updates on that page, which I’m sure you’ll love.

Most of the photos I post during the challenge will be from my archive, but I wanted to take a photo today in connection with Armistice Day and post it on the challenge page. This was taken after I’d observed the two minute’s silence at Mells War Memorial. It shows the grave stone of Siegfried Sassoon, famous for his war poetry and prose writing and also for his mentoring of Wilfred Owen, who sadly didn’t survive the war.

I’ve been to Mells on Armistice Day a couple of times now, when work permitted, and it’s always a touching event because it’s very peaceful. School children are brought to the village memorial to observe the two minute’s silence and learn a little more about the “Great War,” but it’s perhaps a little sad that so few villagers make it down; modern life tends to get in the way for most people who end up observing the silence at their desks.

Sassoon survived the war, but he was decorated for bravery and it’s good to see someone still marks his involvement and contribution to the literature of the conflict. If you’re ever in Mells, see if you can find the grave. The church is worth a visit anyway, as is the village cafe.

 

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 by Tim Gander

A Word (or 717) on Photography Fees

It’s a chicken and egg sort of scenario; you need a photographer for your next project, be that headshots, a PR campaign or website refresh, but you don’t know what the cost will be. If you look around on photographers’ websites you might get an idea from their fees pages (most photographers don’t publish guideline fees, which can be unhelpful), but even then, you don’t know what the budget should be.

In the meantime, the CEO or company accountant will want to set a budget for you to go and spend without exceeding it, but they won’t necessarily know what’s involved or what a photographer is likely to charge.

The other problem is you might not know how much time will be required to get what you need. It’s likely it isn’t your job to know, because you probably don’t book photography regularly enough to get a feel for what can be achieved in a given time period. Well, let me simplify and shorten the process of working out what you should be looking to spend.

high view of conference attendies mingling, shaking hands and drinking teas and coffees

Bear in mind events, conferences and large gatherings tend to generate more images which can affect fees

Start with the brief. I set out here what’s required in a brief and it’s important to make sure you have some idea of how many photos are required and what they are to be of. Take into account that mixing headshots, product shots, more feature-friendly portraits and other disciplines will extend the amount of time required because each will need a different set-up. Lighting, lenses and location will often change from one scenario to the next.

Now look at what uses the images will be put to. List them all from social media to local press/public relations (PR), trade PR, national PR, through company website, brochure, pitch documents and general corporate communications and also say if they’re going to be used in advertising. This is really important because any photographer worth their salt will set fees to reflect the levels of use you require (my standard fees cover all uses from social media, through press/public relations to company website use, but paid-for advertising is negotiated separately).

If it’s an event with set timings, look at the time period for which coverage is required. Having a start and finish time will help define the time the photographer needs to spend on site.

Consider any special requirements; props, backdrops, locations, transport and so on.

All of this can be talked through with a photographer, but the more information you have from the start, the easier it’ll be for a photographer to put an estimate together. Every so often I’ll get an email asking how much I’ll charge for “some photos,” which really isn’t enough information to work on.

Once you have a reasonable idea of what’s required, you can start to find photographers who cover the kind of work you need to get done. Use relevant search terms (discipline and location i.e. “corporate photographer Bristol”) in a search engine to find what you need. Check out online portfolios for the quality, style and content which most closely matches your brief, then call or email the most likely-looking candidates.

Of course I can’t speak for other photographers, but armed with this level of information I can help a client choose which of my fee packages will best suit their needs. It might be we have to negotiate on elements which don’t fit the standard fees, or it might be a reduced fee will cover everything. On the whole I find my fee structure helps the client get what they need with the minimum of admin and to-ing and fro-ing over details.

Even with a fairly detailed brief, I like to follow up an enquiry with a phone call just to clarify any points I need more information on and also to introduce myself personally to the client. It’s good to know who you’re going to be working with, and that cuts both ways.

This might seem like a bit of an effort, but it’s well worth it to get the best from the photographer before, during and after the event. Next week I’ll expand on how photographers set their fees and where I fit in the market. I bet you can’t wait!

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