Image courtesy of Photography by Calin – www.bycalin.com
One of the first concerns of a money conscious bride is the wedding photography cost. As such, in this article we will analyze photographers’ expenses. Besides, we will assess the impact of wedding photography cost-cutting measures.
Before we start, please make sure you visit our page on Toronto wedding photography prices to find the best local artists at incredible prices.
Image courtesy of Photography by Calin – www.bycalin.com
According to industry surveys, the average cost of a wedding in Toronto is around $35,000. Most wedding photographers charge 10-15% of that. As such, the average wedding photography cost in Toronto is between $3,000 and $4500. Unfortunately, photographers have to charge those prices to stay in business. As you will show, photographers incur high overhead costs and high direct costs.
First, we will analyze the overhead expenses of a wedding package. Those incur anyway, even if we don’t photograph any wedding. Among them we have office, marketing, equipment, professional services and labor costs.
A major cost, Rent in Toronto, is at least $500/month. Besides, photographers pay utility bills every month. Also, phone services will set back a photographer $80/month. Besides, the internet costs $80 per month while website hosting adds another $30 /month.
Unfortunately, marketing and advertising costs are too high for many Toronto wedding photographers. With the low Canadian dollar, US advertising is now even more expensive. Also, marketing and labour account for over 70% of the wedding photography costs. They are unavoidable for a small business. As a result, photographers have to pass costs to their clients.
A major source of leads is Google Adwords, which is not cheap. For each click costs the photographer $3.95-$6.50 per click.
Facebook started as a free channel, but is becoming more expensive every day.Blogs and directories also charge to list a business in their vendor directory.
Although Bridal Shows a good marketing channel, they are expensive. For example, a simple booth at a Bridal Show in Toronto costs north of $2,500. When you add the cost of albums, large prints, flyers, décor, the figure comes closer to $5,000. Also, the shows occur on weekends, so as photographers we forgo any revenue that weekend. Is it worth the money? Sometimes yes, often there is no return on the money invested in a bridal show.
Print is THE most expensive medium after TV (tens of thousands for the back cover). Second, it is almost impossible to calculate the ROI (return on investment), it has no SEO value and so on. More important, in this digital era, readership of magazines is low.
Joining professional wedding photographer’s associations has many benefits. It keeps the photographer in touch with the latest photography techniques. Also, it pushes the photographer to improve his work through periodic competitions. Finally, professional associations are strong communities. That helps if the photographer is sick and can not photograph a wedding. She can call someone who is available to photograph the wedding instead. A membership fee runs between $100 to $500 per year.
Your artist will be using equipment valued at $30,000+. That depreciates over time and she needs to amortize it at a rate of $550/month. Would you like your photographer to shoot your wedding using old equipment? NO! You definitely heard stories where cheap photographers lost a couples’ wedding photos because the cheap old camera died.
Photography workshops are prohibitive. For instance, attending 2-3 workshops per year costs $4,800. Besides, photographers need to pay insurance, an accountant to do their taxes, and a lawyer who reviews the agreements.
To survive in Toronto, a $50,000 gross salary is the least amount required to survive.Here is a table consolidating the above mentioned overhead expenditures.
Type of Expenditure | Monthly | Annualy |
---|---|---|
Office |
| |
Rent | $500 | $6,000 |
Utilities | $100 | $1,200 |
Supplies | $40 | $480 |
Phone | $80 | $480 |
Internet | $80 | $960 |
Website | $30 | $360 |
Marketing |
|
|
Google Ads | $300 | $3,600 |
Facebook ads | $300 | $3,600 |
Blogs, directories | $300 | $3,600 |
Bridal shows | $300 | $3,600 |
Professional associations fees | $30 | $360 |
Equipment Depreciation | ||
Cameras, lenses, flashes, etc. | $550 | $6,600 |
Computers | $60 | $720 |
Software | $20 | $240 |
Professional Services | ||
Workshops | $400 | $4,800 |
Insurance | $50 | $600 |
Accountant | $50 | $600 |
Lawyer | $50 | $600 |
Labour | ||
Gross Salary | $4,167 | $50,000 |
Total Overhead Expenses | $7,167 | $90,000 |
Besides the overhead expenses, a wedding photographer incurs direct costs.
Direct Costs | Per Wedding | Annualy (x 40 weddings) |
---|---|---|
Second Shooter | $500 | $20,000 |
Travel and parking | $100 | $4,000 |
Albums | $300 | $12,000 |
Total Direct Costs | $900 | $36,000 |
Total Costs (Overhead + Direct Costs) |
| $126,000 |
Let’s summarize our findings. To break even, a Toronto wedding photographer has to generate a $126,080 in revenue.
We are shocked that some photographers charge less than $2000 per wedding. By analyzing the cost structure above, we were curios to see how that can be done and what it implies.
Let’s analyze a low-cost wedding photographer.
Type of Expenditure | Can we cut the cost? | Implications |
---|---|---|
Office |
| |
Rent | Cut | work from home |
Utilities | Cut | work from home |
Supplies | Cut | unprofessional look |
Phone | $80 | $480 |
Internet | $80 | $960 |
Website | $30 | $360 |
Marketing |
|
|
Google Ads | $300 | $3,600 |
Facebook ads | $300 | $3,600 |
Blogs, directories | $300 | $3,600 |
Bridal shows | Cut | Does not know trends |
Professional associations fees | Cut | Old looking images |
Equipment Depreciation | ||
Cameras, lenses, flashes, etc. | Cut | Old, unreliable equipment |
Computers | Cut | Unreliable computer, can lose your images |
Software | Cut | No processing |
Professional Services | ||
Workshops | Cut | Low quality images |
Insurance | Cut | If equipment is stolen, can not photograph your wedding |
Accountant | Cut | Does not function as a business. |
Lawyer | Cut | Not a legal entity. |
Labour |
|
|
Gross Salary | Cut | Part-time occupation, if the main job does not allow it, the photographer will cancel last minute. |
Total Overhead Expenses | $1,090 | $13,800 |
The table above tells us a clear story! When you hire a low-cost photographer, you are taking risks. Embrace yourself for low-quality images, old equipment which can fail. Many of your photographs will be out of focus, underexposed, blurred. Also, the cheap photographer will not edit your images. It is not uncommon for old hard drives to crash, so you will never see your wedding pictures.
The budget photographer does not operate a legitimate business, and photography is only a secondary source of income. When his main job does not allow him to photograph your wedding, your photographer will cancel on you. His second shooter often never shot a wedding, and the car he drives is unreliable. A part-time photographer can not shoot more than 20 weddings a year. Even that is too much and he will be burnt out. You definitely don’t want him shooting your Big Day.
Direct wedding photography costs are those associated in mod direct with shooting a wedding.
Direct Costs | Per Wedding | Implication |
---|---|---|
Second Shooter | $100 | No experience, poor images |
Travel and parking | $0 | Probably an unreliable car |
Albums | $0 | Does not offer albums |
Total Direct Costs | $100 | $2,000 |
Total Costs (Overhead + Direct Costs) |
| $126,000 |
A cheap wedding photographer incurs a total of $15,800 in costs when we assume she shoots 20 weddings a year. Direct costs are $2,000 and overhead costs equal $13,800. Even though a low-cost photographer can offer a very good deal, you are taking high risks sacrificing quality.
The wedding photography cost in Toronto is high for a reason. In photography, everything is expensive. By hiring a bargain based photographer, you are gambling your wedding pictures. Is it worth taking that risk? You are the only person who can answer to that question.
We wish you best of luck in finding the best wedding photographer for you. If you feel this article was worth reading, please share it with your friends.