To learn more about how to price and market your photography, check out CreativeLive Photo Week.
Jen Rozenbaum doesn’t shy away from change; in fact, the Queens-based boudoir photographer confidently embraces risk, experimenting with every part of her business at every turn. Jen’s entrepreneurial ingenuity is most apparent in her ever-evolving and non-traditional pricing practices — one blockbuster strategy in particular.
In late 2012, becoming increasingly baffled by fewer bookings — despite having the same volume of inquiries — Jen took to Facebook to find out why. She polled her friends, family, and existing clients on what was stopping them from booking boudoir shoots — either with her or with another photographer. “I wanted to find out what was stopping people,” Jen recalls, “but even more than that, I wanted to learn what people thought the photography was worth.”
The resounding answer was price.
“I had an epiphany,” Jen says. “I’m a higher-priced photographer. I’m not approachable for some women. I kind of felt that was unfair; every woman deserves to feel beautiful, and to be able to have a boudoir shoot that makes them feel that way. That’s part of my mission — so why would I say no to somebody just because she only had a $1,000 or $500?”
So, Jen decided to throw out all of her online price lists and focus exclusively on in-person sales. But Jen’s most groundbreaking — and high-risk — decision was to throw out her prices altogether, allowing every client to name their own price. Jen was blown away by the immediate success of this calculated risk. “Once I changed my minimum, all the offers that came in (with one exception) were $1,000 or over.” In under 12 months, Jen’s average sale went from $675 per client to $2,000 (and then rose again to $2,500 the year after that). “By giving clients the option to choose, they decided what was worth it.”
Jen’s pricing tips:
— Set up your price list so even if you sell the least expensive item, you still make your minimum.
— Make a slideshow with Animoto for every woman. It raises the emotional power of the photos greatly, especially during the reveal.
— Keep your products to a minimum. Let the photos do the selling.
— Specialize. Specialism allows for a higher price point. If you aren’t definably different, you become a commodity and will be priced into oblivion.
— Your price list should be a living, breathing object that you address regularly. Don’t wait until January 1 to make adjustments.
— Be creative. Come up with something new based on what your goals and mission are.
To learn more about how to price and market your photography, check out CreativeLive Photo Week.