Recently in Selling pictures Category
Giving stuff away for free can be a very good way of making money. I have written about that before, and the current economic state of the world makes this even more true. People will spend money even more unwillingly due to threats of downfall and recession. It's not like they won't spend money. They will. In particular if they know that the stuff they buy is good.
The last few weeks there have been a few entries on Danish professional photographer's web sites – mainly on the Photographer's union's web pages. Most of these photographer's are photojournalists who come from a world of stable jobs, regular freelance agreements, strict segregation between amateurs and professionals and magazines and newspapers as the typical customers paying the tariff.
One entry reads “Free images, free newspapers, free stories, free entry. Soon the only thing not free will be the ride to work”. This piece and a couple of others on similar photojournalist's sites mainly cover an incident where a newspaper published images taken by an amateur photographer who gained free entry to a concert in exchange. Continue reading Why free can make you money.
Trying to make money from your photography is a very long shot. The market is so saturated with quality pictures with extremely high availability and extremely low prices that getting a foothold is close to impossible.
It's almost a natural law of economy: when a commodity becomes very widely available the price will fall. As demand rises the availability of things will increase because the manufacturers and sellers are interested in serving the market and raise the production. As a result the number of goods available to that market will increase and in order to get a cut, some sellers will lower their prices. Customers generally prefer buy at low prices and if you want to sell, you have to follow the price reductions.
When such a commodity at the same time is becoming more and more easy to produce and is produced by an exploding number of people, you have a price-reduction spiral that goes almost all the way down to free. Continue reading Why your images are worthless.