00:00:00
there's such a money making opportunity
00:00:02
here that I'm actually thinking about
00:00:04
renting a space myself having a photo
00:00:06
studio and incorporating this idea into
00:00:09
that space do you have a photo studio
00:00:11
would you like a photo studio and would
00:00:14
you like to know the most profitable way
00:00:17
you're going to make money with your
00:00:18
photo studio in 2023 and Beyond I'll
00:00:21
tell you this real fast this idea is
00:00:23
going to blow away any other photo
00:00:25
studio video that you can see I think
00:00:27
it's going to be that lucrative so let's
00:00:29
get started but first we're going to
00:00:31
break it down how do you even know the
00:00:34
direction you're going to build how do
00:00:35
you know what you're going to aim for
00:00:36
what you're going to build for if you
00:00:38
don't understand the problem see we as
00:00:41
professional photographers as
00:00:43
entrepreneurs we need to come in know
00:00:45
the problem and then think okay how am I
00:00:48
going to serve it how am I going to be
00:00:49
the answer for this problem this it's
00:00:52
like don't over complicate things this
00:00:54
is how you make a ton in photography and
00:00:58
Entrepreneurship so we're gonna identify
00:01:00
the problems there's three problems that
00:01:02
I see right now in the market so how do
00:01:04
you even know what to build for in a
00:01:06
photo studio or your photography
00:01:08
business the first thing you want to do
00:01:09
identify what the problem is once you
00:01:12
identify the problem now you're like
00:01:14
cool so the problem is over there we're
00:01:17
going to go in that direction we're
00:01:18
going to solve it let's identify the
00:01:20
problem with the market right now
00:01:22
regarding photo studios you probably
00:01:24
might be thinking there's too many of
00:01:27
them I've been on geekster I've been on
00:01:28
peer space you know these are websites
00:01:31
that I use to book professional Studios
00:01:32
now because I did used to have my own I
00:01:35
just didn't want to become a full-time
00:01:36
Studio manager so I sold it problem
00:01:38
number two is
00:01:40
I don't know everyone's a brand like I I
00:01:43
don't even know like everyone's just out
00:01:45
doing their own thing everyone's out
00:01:47
shooting in their own homes everyone's
00:01:49
shooting their garage like they're
00:01:50
putting a white cycle curtains in the
00:01:52
background and then they're shooting
00:01:53
their stuff okay there is that potential
00:01:56
problem and number three there's just so
00:01:59
many social media channels that man I
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gotta promote my photography or my video
00:02:05
business and then I gotta get on Tick
00:02:07
Tock and I gotta get on Instagram and
00:02:09
the Instagram reels and I gotta go to
00:02:10
YouTube shorts and I gotta go on
00:02:11
Pinterest I could see how you might
00:02:13
think that that's something negative but
00:02:15
I could also see how that is a massive
00:02:17
opportunity for you to make massive
00:02:19
amounts of money solution number one one
00:02:22
of the things that I want you to do
00:02:23
unless you're in New York potentially or
00:02:26
Los Angeles you might get a studio for
00:02:28
about three dollars per square foot but
00:02:30
you can also find some that are two
00:02:32
dollars a dollar fifty per square foot
00:02:34
now you're in Phoenix Arizona you're in
00:02:35
Las Vegas or Portland Oregon or Texas or
00:02:38
something like that you're gonna be able
00:02:39
to get these for substance actually
00:02:40
cheaper this is the beauty of this
00:02:43
Market remember when I said there are so
00:02:45
many people that are individual Brands
00:02:47
so it used to be that the big Brands the
00:02:49
brands that would hire these photo
00:02:51
studios were in really two maybe not
00:02:54
actually four spaces New York Los
00:02:57
Angeles Chicago and then Miami that's
00:03:00
really where the market was so that's
00:03:03
where they would go so you would think
00:03:04
why would I have a photo studio in
00:03:07
Henderson Nevada why would I have a
00:03:08
photo studio in Provo Utah or Arkansas
00:03:11
somewhere or Nebraska or Minnesota well
00:03:14
the thing is remember when I said
00:03:16
everybody is a brand so everybody is a
00:03:19
brand now any City USA any city in the
00:03:23
world you have people that need photo
00:03:26
studio and these people are your local
00:03:28
real estate agents they are your local
00:03:30
babysitters your local personal trainers
00:03:32
any kind of small business these people
00:03:35
need spaces to create their content for
00:03:39
all these social media channels remember
00:03:40
that was the second problem now I know
00:03:42
you're probably wondering Walid where is
00:03:44
this magical solution that you're
00:03:45
talking about I'm going to get to it in
00:03:47
just a second I just wanted to let you
00:03:49
know that there are three problems we
00:03:51
found three solutions and it's not that
00:03:53
big of a deal so let's finish out this
00:03:56
section and then we're going to go to
00:03:57
this magical Solution that's going to
00:03:58
make you a ton like a ton of money if
00:04:02
every Studio looks like this white walls
00:04:06
white psych concrete walls New York
00:04:09
style vintage windows then let's do
00:04:12
something that is different so that you
00:04:14
stand out in the market that way it
00:04:16
doesn't matter how many are in peer
00:04:17
space you are able to control the market
00:04:20
yourself and we're gonna go for small
00:04:22
wins where is the solution the solution
00:04:24
is I want you to find on Craigslist on
00:04:27
any of these places ride your bike ride
00:04:29
your scooter walk around get on a horse
00:04:31
do what you got to do and look for
00:04:34
warehouses that are easy for you to rent
00:04:37
out so it could be a warehouse do you
00:04:40
know how many shopping centers are going
00:04:41
out of business because of this guy
00:04:43
right here so many businesses are going
00:04:45
out of business so you see these massive
00:04:47
shopping centers they're sitting empty
00:04:48
they have for rent signs why don't you
00:04:51
rent one of those and negotiate a really
00:04:53
low price so I would like for you to
00:04:55
rent a studio for about a dollar a
00:04:57
dollar 25 per square foot you're gonna
00:04:59
go in and each one is going to have a
00:05:02
whole different theme and you're going
00:05:03
to keep rotating these themes you're
00:05:06
going to have fun with it you're going
00:05:07
to make your own backdrops you're going
00:05:09
to just paint over walls and give
00:05:11
different backdrops but here is where
00:05:13
you're going to make money remember how
00:05:15
we said there's going to be a lot of
00:05:17
social media channels or there are a lot
00:05:20
of social media channels well if I'm
00:05:22
going to batch create now batch create
00:05:24
let me explain to you real fast is you
00:05:27
film all your videos in one day maybe
00:05:29
over four hours for the full month and
00:05:32
then you edit them out and then you
00:05:33
disperse those throughout your social
00:05:34
media channels you don't really go and
00:05:36
get dressed every single day make a new
00:05:39
tick tock video do you see the
00:05:40
opportunity in front of you you've got
00:05:42
how many real estate agents in your town
00:05:44
I don't care how big your town is or how
00:05:47
big your city is or small all of them
00:05:49
need social media content all of them
00:05:51
have now realized that if you're not on
00:05:53
social media you're done you're
00:05:55
non-existent but let's do the math
00:05:58
that's what you're really waiting for so
00:05:59
if I said we're going to go a more
00:06:01
conservative Route 85 per hour a two
00:06:05
hour minimum that's not a big ask most
00:06:07
people are going to rent for about three
00:06:08
hours possibly even four hours but two
00:06:11
hour minimum and that's fine that's a
00:06:13
hundred and seventy dollars per person
00:06:15
you also want to give them let's just
00:06:17
say a microphone I have a microphone
00:06:19
underneath my shirt you want to give
00:06:21
them let's just say you rent out the DJI
00:06:24
mic system you bought it for about 350
00:06:26
bucks you're gonna rent it out to them
00:06:28
ten dollars each time you're going to be
00:06:30
able to do about eight of those in one
00:06:32
day so you're thinking wait a minute two
00:06:34
hours at a time eight people I'm there
00:06:36
for 16 hours now because you have these
00:06:39
microphones you can also double up on
00:06:41
people and say cool so I've got John and
00:06:44
I got Mary and we're both doing this
00:06:45
most people are not going to be
00:06:47
screaming most people are just going to
00:06:48
be talking to the camera they're going
00:06:50
to be doing a tick tock just like or a
00:06:52
YouTube video where I'm talking some
00:06:54
people are just going to be doing
00:06:55
photography and audio doesn't even
00:06:57
matter for them 170 for two hour minimum
00:06:59
add like 10 bucks to a microphone you're
00:07:01
about 180 now great 180 you're going to
00:07:05
get about eight bookings a day so 180
00:07:08
times eight one thousand four hundred
00:07:11
and forty dollars per day your only
00:07:13
expense is your rent your electricity
00:07:15
and any paint any rollers any kind of
00:07:19
paper wallpaper for the different
00:07:21
backdrops that's how you're going to do
00:07:24
really really well you're not going to
00:07:26
work every single day just close it one
00:07:28
day maybe just close it on a Monday for
00:07:30
example let's just say Mondays are the
00:07:32
dead day remember some people are going
00:07:34
to book you many more hours you're gonna
00:07:36
maybe some days get 14 bookings some
00:07:39
days you're gonna get 20 and some days
00:07:41
you'll get four at six days a week not
00:07:44
seven six days a week because I do think
00:07:46
that you need rest that is how much
00:07:48
that's the total so at six days how much
00:07:53
is that per year that that's the total
00:07:56
per year that you have potential of
00:07:59
making actually I would say even more do
00:08:01
you see now why I'm even thinking about
00:08:03
opening my own space do you see the
00:08:06
value of that but let's talk about
00:08:08
marketing you might think it's really
00:08:09
dumb that I'm asking you to rent a space
00:08:11
and recession everything over time
00:08:14
increases the economy always does better
00:08:16
but in a recession is where you get
00:08:18
everything on sale so if you want that
00:08:20
store that is sitting empty and that
00:08:22
landlord the owner of the shopping
00:08:24
center or the warehouse or whatever kind
00:08:27
of space is thinking God I'm just
00:08:29
sitting here empty I want two thousand
00:08:31
dollars a month but this person is
00:08:33
offering me fifteen hundred I'll take it
00:08:36
1500 is better than nothing people are
00:08:39
going going to start making deals with
00:08:42
you the recession is a perfect time
00:08:44
because everybody is going to be looking
00:08:47
for opportunity to make money on the
00:08:49
side or to completely go full time on
00:08:52
the side people are going to be losing
00:08:54
their jobs they're going to go on the
00:08:55
side they need your help people are
00:08:57
going to be starting businesses the last
00:09:00
recession we got Airbnb we got Uber
00:09:02
coming out of that new businesses are
00:09:04
going to be born out of necessity this
00:09:07
could be your opportunity to provide
00:09:10
some of the most amazing things but
00:09:12
there's like a golden nugget at the end
00:09:14
that I'm holding out for a second to
00:09:15
create the most amazing Business Center
00:09:17
and help entrepreneurs you don't have to
00:09:20
work with models if you don't want to
00:09:22
you can just say I'm going to create a
00:09:25
shop with culinary backdrops so if
00:09:27
you're a chef if you're a dietitian if
00:09:30
you're a private Chef if you are one of
00:09:32
those meal delivery people if you are a
00:09:34
restaurant you can bring in plates of
00:09:36
food and set it up and take your photos
00:09:38
and do your content if you have a cook
00:09:40
talking Channel how many cooking
00:09:41
channels are there they can go do it at
00:09:44
your place you're gonna need Flats flats
00:09:46
are these things they are generally
00:09:48
about eight feet by eight feet or ten
00:09:50
feet by ten feet you can hire somebody
00:09:52
who is good at woodworking actually you
00:09:55
can hire people that are great at Art
00:09:56
Department that work on sets if you have
00:09:59
sets and you have movies happening in
00:10:01
your town you can get these for about a
00:10:03
hundred dollars each and then of course
00:10:05
their labor wage so I would get about
00:10:08
six or seven let's just say even 10 of
00:10:10
those made so you can spend about a
00:10:12
thousand dollars in hard cost labor or
00:10:14
excuse me and goods and then their labor
00:10:17
might be another one or two grand that's
00:10:20
the most substantial amount of money
00:10:21
you're gonna spend get yourself some
00:10:23
ring lights get yourself some LED lights
00:10:25
it's low on electricity and it's mobile
00:10:28
you want some like it's the easiest
00:10:30
thing you can do I would say for under
00:10:33
four thousand dollars you can get a
00:10:35
studio that is up and running four
00:10:37
thousand plus fifteen hundred dollars on
00:10:39
a month for your rent your 5 500 bucks a
00:10:43
month remember I said this thing can
00:10:45
make you about six to eight thousand
00:10:47
dollars a week so your first week is
00:10:50
gonna pay for the bills weeks two weeks
00:10:53
three and weeks four are going to put
00:10:55
more money in your pocket now I teased
00:10:58
you with like I got an extra golden
00:11:00
Little Nugget for you you don't
00:11:01
necessarily or maybe you do but I think
00:11:04
a lot of photographers don't want to
00:11:05
become a full-time Studio owner because
00:11:07
they picked up the camera for a reason
00:11:10
they love to create that was my problem
00:11:12
I also got clients I came to my studio
00:11:14
now my studio was the type that e came
00:11:17
in there and recorded Apple came in to
00:11:20
possibly record a commercial for the
00:11:22
Super Bowl so I had big things in there
00:11:24
I had Eva Longoria come in and film a
00:11:25
movie in my studio tons of commercials
00:11:28
tons of music videos but I didn't serve
00:11:31
the small Market that's what I want you
00:11:33
to do serve the small Market because the
00:11:36
small Market is so much bigger so much
00:11:39
more substantial show so much more money
00:11:41
than the intermittent big Productions
00:11:44
that would come into my studio sometimes
00:11:46
I would get like a big production once a
00:11:48
week but with a small one you can get
00:11:50
multiple in a day and still make that
00:11:52
much money but this is the Golden Nugget
00:11:54
that I just keep delaying but here we go
00:11:56
the amount of people that you're going
00:11:59
to meet who are going to come and talk
00:12:01
to you they give you their emails they
00:12:03
give you their credit card numbers which
00:12:05
you're gonna not keep they give you
00:12:06
their phone numbers they talk about
00:12:08
themselves you're having conversation
00:12:10
with them you they borrow your
00:12:12
microphone or they rent your microphone
00:12:13
you're having one-on-one conversation
00:12:15
with them they're going to come to you
00:12:17
month after month after month at some
00:12:20
point a percentage of them is going to
00:12:23
get too big too busy at some point
00:12:25
they're going to need somebody to film
00:12:28
for them at some point they want to
00:12:30
expand their service and say hey I think
00:12:32
I want to do a little bit more mobile I
00:12:34
want to go on location and do things
00:12:36
they're going to ask you I have seen it
00:12:39
done over over and over and over other
00:12:42
people and myself this is going to feed
00:12:45
your business so your studio business is
00:12:48
going to become a feeder system for your
00:12:51
creative business don't miss out on this
00:12:53
opportunity recessions come every 8 9 10
00:12:56
11 years if you want to learn more from
00:12:59
me I have a pricing course that's right
00:13:02
here and that's also linked in the show
00:13:03
notes that pricing course I know that
00:13:06
I'm supposed to be like humble and stuff
00:13:07
no that pricing course is going to
00:13:09
change your damn life the clients that I
00:13:12
have that you see on screen right now
00:13:14
the clients that I got is because of me
00:13:17
because the way I position myself
00:13:19
because the way I price myself no agent
00:13:21
ever got me a job no manager ever got me
00:13:23
a job no publicist ever got me a job
00:13:25
everything was Me by me for me I want to
00:13:28
teach you how to do the exact same thing
00:13:30
for you if I helped you please leave a
00:13:33
comment let me know if you need help
00:13:35
with additional things and I'll read
00:13:36
each comment and I'll respond please do
00:13:38
subscribe to this channel it does help
00:13:40
obviously it helps to grow because when
00:13:41
you subscribe the numbers go up if this
00:13:43
video helps you guys and it got you
00:13:45
thinking like I do want my own Studio
00:13:47
then please watch this one don't miss
00:13:49
out on this one it's the pros and cons
00:13:51
of having a photo studio and I will see
00:13:55
you on the next video thank you for
00:13:57
watching thanks for investing in
00:13:58
yourself do not be afraid of this
00:14:00
recession position yourself and you're
00:14:02
gonna make a ton of money
00:14:03
[Music]
