Tag Archives: New York Times

Working for Free? Nope. Just Good Business.

There’s an interesting post over at strobist.com about taking money out of the equation when building a portfolio. There’s a range of feedback in the comments from “inspirational” to “damaging.” Strobist isn’t the first to mention this style of thinking as others have stressed the idea of “giving more than you receive” to be downright smart business. 

Have a read.

My thoughts… 

I don’t think David is emphasizing the right thing. It’s how you frame the debate and I think he did it wrong…starting with the headline.

If you read the responses, most of them seem to come from the standpoint of photographers who agree with the idea…not business peope who understand the economics of doing “Free” work. What sense does that make?

“I agree with you, it’s an investment. By the way, I’m staying home with the kids while my wife works and I love shooting for free.”

That’s how a photographer thinks.

A businessman says, what is the cost/benefit of doing this?

One of the local guys who owns the fashion market here struggled for years to make it. Every year he shoots a fashion spread for a local monthly magazine. They pay about $200 a day. This guy makes a good amount of money each year, why would he take the money for local monthly? He loses or breaks even on the shoot.

He does it because the benefit outweighs the cost. He knows that all the ad execs read the magazine so they get to see his work. Earlier in the year he was called to shoot Tiger Woods in the same style he shoots the fashion spread. They saw his work in the local magazine. That’s good marketing and good business sense. So did he really loose money on it?

I think you do it if the benefit is more than the cost.
Here’s another idea. Let’s say you want to get into architechture photography but you have no portolio. You call up some hotels and tell them you’ll shoot them for free and they can use the images for promotions. You build a portfolio and build word of mouth, especially if they like them. Eventually you’ll have a book to show around and get more work and you’re already promoting yourself because if you’re smart you left cards and negotiated to have your name somewhere on the spread. Is that working for free?   

So that’s a distinction he needs to make more clear. Now we have people talking about free. It’s not free, it’s good marketing. The benefit outweighs the cost. If it doesn’t…like shooting a pie contest for the New York Times for $50, then don’t do it.

David needs to emphasize thinking like a business person…calling yourself one is different than calling yourself a photographer.

You get a return on that investment if you do it right. That said, I would never shoot a corporate/commercial job for “Free”

Happy Holidays. You’re Fired! – Layoffs at Time, Inc.

As the economy goes…so does ad spending.

I recently posted about the inevitable consolidation and re-organization of companies during economic downturns. There are hints of this in the New York Times article:

Time Inc., the world’s largest magazine publisher, plans to cut 6 percent of its work force — more than 600 positions — and will revamp the organization in a way that could radically alter the culture at the company….

…The company, a division of Time Warner, the media conglomerate that includes CNN, Turner Broadcasting, HBO, AOL and the Warner Brothers movie studio, is facing the twin perils of a shifting landscape from a severe downturn and a loss of readers and advertisers to the Web.

 

The New York Times has the story here.

It should be interesting to see how this shakes out. What kinds of consolidation we’ll start seeing. The weaker companies should become more exposed making room for the less weak to initiate buying opportunities. Welcome to the Wild West.

Happy Holidays!


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