Overview
Overview
Ever felt like your photography skills deserve better pay but you’re unsure how to negotiate that successfully?
We remember when we first started as a wedding photographers, struggling to price our work fairly and feeling lost in the sea of negotiations and contracts.
Photographers often grapple with understanding how to price their services accurately and persuasively, failing to communicate their true worth and losing potential income as a result.
Most photographers believe that the quality of their work will speak for itself. But in the competitive market today, understanding the art of negotiation and business acumen can make all the difference.
That’s why we’ve developed ‘Profitable Photography: Negotiation and Business Skills’ a comprehensive course tailored specifically for photographers.
This course unpacks pricing strategies, equips you with effective closing techniques, and teaches you how to handle client objections professionally and empathetically, boosting your overall business success.
You’ll Learn
Course Structure
The course kicks off with an exploration of the critical role that pricing plays in the wedding photography industry. Understanding the customer’s perceived value and willingness to pay paves the way for successful pricing strategies, setting the foundation for the rest of the course.
Pricing strategies in wedding photography services are essential in ensuring you get the profit you deserve while also keeping your clients satisfied. One strategy to consider is the Goldilocks Pricing model. Here’s how it works:
The Goldilocks Pricing Model: This model is named after the children’s story “Goldilocks and the Three Bears,” where Goldilocks finds one option too much, one too little, and one “just right.”
- Too Low: This option is usually your base package, providing the least amount of services for the smallest price. However, this price is too low to sustain your business if all your clients were to choose it. Its main function is to make the middle option seem more valuable.
- Just Right: This is your mid-range package, ideally where you want most of your clients to land. It’s priced higher than the first option, offering more services but still at a reasonable and attractive price.
- Too High: The highest-priced package includes all the bells and whistles. While fewer clients might choose this, those who do significantly increase your profits. Its presence also makes the mid-range package appear more affordable.
Applying the Goldilocks Pricing model in your wedding photography business can encourage clients to go for the mid-range option, which is ideally priced to balance profitability and customer satisfaction. This strategy is particularly effective when clients are booking, as it gives them the power of choice while subtly guiding them towards the option that best benefits your business.
Closing techniques are key to securing bookings, essential for your business growth. Here’s how two effective techniques can be used in photography:
- Alternative Choice Close: This method presents the client with two choices, both leading to a booking. For example, you might ask, “Would you prefer a morning or afternoon shoot?” or “Would you like to book the mid-range package or the premium package?” This subtly assumes the client is ready to book and only needs to decide on the details.
- Value Added Close: In this approach, you add extra value to the service to encourage the client to close. For instance, if the client seems hesitant, you could offer a bonus, like “If you book today, I’ll include an additional hour of shooting at no extra cost.” This not only creates a sense of urgency but also makes the client feel they’re getting a great deal.
As a photographer, using these techniques during client meetings or calls can increase your chances of turning prospects into paying clients, helping you grow your business.
Each client objection type poses a unique challenge, yet provides an opportunity to build trust and credibility:
- Silent Reservation: Clients have concerns but aren’t voicing them. Your task is to coax these out and address them.
- Reflexive Hesitation: Knee-jerk objections often based on ingrained beliefs or past experiences. Reassure clients with evidence of your expertise and positive testimonials.
- Displaced Discontent: Objections that have roots in issues unrelated to your service. Empathy and understanding are crucial here.
- Inquisitive Inquiry: Clients ask detailed questions, signaling genuine interest. Clear, concise responses can turn this into a booking.
- Expert Pretense: Clients claim superior knowledge. Acknowledge their expertise and align your services with their understanding.
- Personal Critique: Objections targeting you personally. Maintain professionalism, and reiterate your qualifications and dedication to client satisfaction.
- Factual Concern: Objections based on clear, factual issues. Address these honestly and directly, offering solutions where possible.
- Time Constraint: Clients express concerns about timing. Demonstrate flexibility in scheduling, and emphasize the importance of a quality result.
- Final Hesitation: Last-minute objections, often reflecting underlying anxieties. Reiterate the value of your services and offer reassurance.
The key to overcoming these objections is active listening, empathetic responses, and reassuring professionalism. By doing so, you build rapport, making it easier to secure bookings.
With a firm grasp of pricing strategies and closing techniques, students are now introduced to the importance of flexibility, continuous evaluation, and adaptation. They learn how to assess their unique circumstances, market conditions, and customer preferences to ensure long-term success and profitability.
The final module revisits the key themes of the course and guides students in implementing what they have learned. Through hands-on exercises and scenario analysis, students get to apply their knowledge to real-world situations, preparing them for a successful career in wedding photography.