The Greatest Photo Studio Idea for 2023!

00:14:06
https://www.youtube.com/watch?v=JvQkpzxcHq4

Sintesi

TLDRThe video discusses a potentially lucrative business opportunity in establishing a photo studio that caters to the growing demand for content creation among small businesses and personal brands. The presenter outlines challenges in the current market, such as numerous existing studios and the need for constant social media engagement. By targeting different markets and offering varied backdrops, studios can attract a steady clientele. The speaker suggests looking for rentable spaces in underutilized locations, especially amidst a recession when deals can be negotiated. A strategy is proposed to charge a minimum of $85 per hour with additional fees for equipment rentals, aiming for multiple bookings daily to ensure profitability. The importance of building relationships with clients, who may eventually need extended photography services, is highlighted as a way to grow the business.

Punti di forza

  • 📷 Establish a unique photo studio to stand out.
  • 💡 Identify market problems to create focused solutions.
  • 🏢 Consider renting affordable vacant spaces.
  • 🎥 Embrace batch content creation for social media.
  • 🌍 Target small markets for consistent demand.
  • 💰 Optimize revenue with strategic pricing and rentals.
  • 🤝 Build long-term client relationships for growth.
  • 🤑 Capitalize on recession for favorable deals.
  • 🎨 Regularly update studio themes and backdrops.
  • 🚀 Use the studio as a feeder for broader business services.

Linea temporale

  • 00:00:00 - 00:05:00

    The speaker highlights a lucrative opportunity in the photography studio business, suggesting that potential studio owners could greatly benefit from understanding current market problems. These include an oversaturation of studios, individual photographers operating independently from home setups, and the overwhelming need to promote content across many social media platforms. By identifying these issues, the speaker hints at the importance of offering a unique service that stands out in a crowded market. Also, the speaker emphasizes the economic benefit of renting less expensive spaces in non-traditional markets (outside major cities), positioning them as untapped opportunities for serving local professionals who need content creation environments.

  • 00:05:00 - 00:14:06

    The speaker continues to explain a business strategy revolving around theme rotations in rented studio spaces, leveraging the need for social media content creation by local businesses. They explain the concept of 'batch creating' content for platforms, stressing how real estate agents or small businesses could use these spaces to produce their marketing materials economically. The proposed model involves renting out studio time and equipment, with potential earnings calculated based on multiple daily bookings. They underline the recession as a strategic time to invest in such ventures given reduced rental costs. The speaker provides additional business tips including the potential networking benefits and future business opportunities that emerge through studio ownership. They conclude by promoting their own pricing course and urging viewers to overcome recession fears and capitalize on the suggested opportunity.

Mappa mentale

Video Domande e Risposte

  • What makes this photo studio idea lucrative?

    The idea leverages market demand for content creation spaces, offering a diversified setup catering to small businesses, personal brands, and social media creators.

  • How can I make my photo studio stand out?

    Differentiate your studio by offering unique themes and backdrops, rotating them regularly to attract diverse clientele.

  • What is batch creating content in a photo studio?

    Batch creating content involves producing videos or photos in one session for an entire month, optimizing time and resources efficiently.

  • What is the recommended rental price per square foot for a studio?

    The suggested rental price is around $1.00 to $1.50 per square foot, depending on the location and market conditions.

  • Why focus on small markets for a photo studio?

    Small markets have numerous small businesses and individuals who need content for social media, representing a substantial and consistent demand for studio space.

  • Can recession present opportunities for opening a studio?

    Yes, recession provides opportunities to negotiate lower rents for empty spaces, while new businesses and side ventures increase demand for content spaces.

  • What are the main operating costs of a photo studio?

    Main costs include rent, electricity, and materials for backdrops or studio customization, estimated around $5,500 monthly.

  • How does a photo studio serve as a feeder system for creative business?

    The studio facilitates networking and relationship-building, leading to direct service requests and expanding business opportunities.

  • How can I maximize daily profits from a photo studio?

    By renting the space for several bookings per day at a competitive rate and offering equipment rental, you can increase daily profits.

  • What additional strategies can help promote a photo studio?

    Effective marketing involves capitalizing on social media to demonstrate studio offerings and leveraging customer testimonials to attract new clients.

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Scorrimento automatico:
  • 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
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    going to blow away any other photo
  • 00:00:25
    studio video that you can see I think
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    it's going to be that lucrative so let's
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    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
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    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
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    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
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    photo studio or your photography
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    business the first thing you want to do
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    identify what the problem is once you
  • 00:01:12
    identify the problem now you're like
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    cool so the problem is over there we're
  • 00:01:17
    going to go in that direction we're
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    going to solve it let's identify the
  • 00:01:20
    problem with the market right now
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    regarding photo studios you probably
  • 00:01:24
    might be thinking there's too many of
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    them I've been on geekster I've been on
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    peer space you know these are websites
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    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
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    Studio manager so I sold it problem
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    number two is
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    I don't know everyone's a brand like I I
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    don't even know like everyone's just out
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    doing their own thing everyone's out
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    shooting in their own homes everyone's
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    shooting their garage like they're
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    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
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    problem and number three there's just so
  • 00:01:59
    many social media channels that man I
  • 00:02:02
    gotta promote my photography or my video
  • 00:02:05
    business and then I gotta get on Tick
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    Tock and I gotta get on Instagram and
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    the Instagram reels and I gotta go to
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    YouTube shorts and I gotta go on
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    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
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    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
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    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
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    need spaces to create their content for
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    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
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    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
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    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
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    is I want you to find on Craigslist on
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    any of these places ride your bike ride
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    your scooter walk around get on a horse
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    do what you got to do and look for
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    warehouses that are easy for you to rent
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    out so it could be a warehouse do you
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    know how many shopping centers are going
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    out of business because of this guy
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    right here so many businesses are going
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    out of business so you see these massive
  • 00:04:47
    shopping centers they're sitting empty
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    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
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    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
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    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]
Tag
  • Photo Studio
  • Entrepreneurship
  • Content Creation
  • Social Media
  • Market Strategy
  • Recession Opportunity
  • Revenue Model
  • Studio Differentiation
  • Batch Content Creation
  • Local Business