Part-time, Full-time, Employed, Partners?
Lesson 5 from: FAST CLASS: How to Start a Photography BusinessPye Jirsa
Part-time, Full-time, Employed, Partners?
Lesson 5 from: FAST CLASS: How to Start a Photography BusinessPye Jirsa
Lessons
Class Introduction
04:35 2Common Myths & Unknown Truths
08:08 3The Road Ahead
05:22 4Find Your Passion
03:18 5Part-time, Full-time, Employed, Partners?
03:41 6Stop Wasting Time & Money
04:02 7Your 12 Week Roadmap
04:23 8Mind Mapping
02:25Select a Focus
02:51 10S.W.O.T. Analysis
04:14 11Strategy & Long Term Goals
03:42 12Values, Vision & Mission
05:40 13Quick Break for Econ 101
08:14 14Your Target Market & Brand Message
07:12 15Your Client 'Why'
02:26 16Document the Client Experience
04:47 17Business Administration Basics
08:56 18Book Keeping Management
05:23 19Create the Logo & Branding
03:21 20Three Pricing Methods
10:18 21Package Pricing Psychology & Design
02:03 22The Listing & Classified Hustle
04:51 23Make Instagram Simple
05:57 24Your Automated Pinterest Plan
03:16 25Content Marketing & SEO
06:03 26Your Content Road Map
06:41 27How to Craft Your Content
05:37 28Internal Linking Basics
03:21 29What is Sales? Show Me!
05:02 30The Sales Process
03:23 31Always Positive, Always Affirming
02:03 32The Second Money & Dual Process
05:51Lesson Info
Part-time, Full-time, Employed, Partners?
Should you do this part time, full time, employed, with partners? Those are all viable routes. Let's talk about this as a side gig. I have friends that have their... hundred plus thousand dollar jobs in IT, programming tech, all those different things, that they will side bust and shoot three to $5,000 weddings on weekends. And they make another 60-70 grand a year, doing that. Is there anything wrong with this pathway? No, it's really great. It carries less risk. It's a better fit for photography as a passion. I don't wanna do all the other stuff that are involved in running a business. I just wanna kind of focus in on this. And dual income, they can make upwards of 200 to $250, just with this as a side gig. The problem is that it takes more time to launch your business. Eventually there becomes a work life balance. So for all of them, they reach that critical point where they're getting so much demand for their work, that they have to pick one or the other. 'cause it's not sustainable...
for your family, to be able to have you gone every single weekend, plus during the week, for more than a few years. Your time is also limited and there's gonna be limited scalability. Who's thinking about this as a full time? Okay, so full time as basically a sole proprietor... That just means running it by yourself. Okay, so if you're running it by yourself, it's faster to launch, quicker to grow and develop, more time for scaling and development, better focus on balance, in terms of work life balance. Significant risk. It can get lonely in the present. I know that's a weird one. But it seriously can be lonely and depressing when you're the only person in your business. So if you have a spouse or a partner that can support in that, it really makes a huge difference. Photography as a partnership. I get asked this question quite a bit. You can double or triple the effort going into it, which makes launch very quick. Faster growth and development, division of labor provides better focus. Conflict resolution is a huge one here. And this is what I'm gonna say, if you ever consider a partnership, a few simple words, if you can fight like family, good. But if you come to me and say, I'm thinking about a partnership, we have a great relationship, we never fight. I'm gonna say walk away from it. It'll be done within six months. You can't do it. If you can fight like family, and this relationship has been tested over time, consider it. But otherwise walk away. Equity and work income. This is gonna become the greatest stress, which partnership is... which partner is doing more or less than the other. Less autonomy and decision making. Now you have to consider where your time is going. So for me, with Justin and Chris, every time I say I wanna do something, I have to go and ask them, what's best for the business. These are the things that I'd like to do, what do you guys want me to focus on first. And a lot of times it's not what I wanna do. My time is not my own. Photography as a career with a studio. Fastest artistic development. There's no risk, good reward and salary income. You can learn the business. You can think different, because you probably would never think on the level of a linen Josa, unless you'd actually work there. And you saw what the systems were in place, right? You have a career... You have a career platform, and a business springboard. So after a few years, we've seen our shooters go off and start very successful studios because they've watched for three to five years, and then they go out and do. So again, this is another viable route. There is less upside potential when you are working for a studio. It's not to say you won't make good money. A lot of our shooters, they make between 80 to $120, when they get up to master status. So they make really good money. But it takes time, a lot of time. And most people aren't patient enough to stay through that process.
Class Materials
Bonus Materials with Purchase