This is usually one of the first questions you’ll be asked when applying for freelancing gigs.Because you can’t expect a potential customer to be able to determine whether or not to engage you for their shoot if you can’t tell them what your rate is.How certain are you that you’re charging enough, even if you know your rate? After all, it isn’t cheap to establish a freelance photography business.
For starters, you’ll need to be sure you’re earning enough to cover the cost of your expensive photographic equipment.In this blog, you’ll learn about the basic market rates for fashion photographer in Singapore, how to establish your freelance fee, and whether or not you should charge less than the market rate to attract clients.
In 2021, the average cost of a two-hour fashion photoshoot was roughly $1,156. A one-hour fashion session costs $723 on average, and a four-hour shoot costs $2,023. The cost of a fashion photographer is 45 percent higher than the national average. Shoots in the following categories have similar average pricing: fashion, model, beauty, and glamour.
How Should Singapore’s Freelance Photographers Set Their Fees?
The following are the five steps to calculating your freelance photography rate. Continue reading for additional information on each step:
- Make a decision on your annual salary goal.
- Calculate your annual company costs.
- Include your desired profit margin.
- Calculate your hourly rate by estimating your annual number of billable hours.
- Rates for Fashion Photography
To cover the costs of their equipment, seasonal work, venue setups, and other rentals as needed, freelance fashion photographers will charge $100 to $300 per hour or more. Under the contract, in-house wage-based photographers receive at least $30 per hour. High-profile magazines get paid at substantially higher rates based on the number of subscriptions they have.
Prices for Model Photoshoots
A professional model photoshoot can cost anywhere from $150 and $300 per hour, not including the cost of printing the images. Prices for those aspiring to be professional models, on the other hand, vary greatly. A new model who has recently joined a modelling agency may be responsible for paying for their own test shoot, which can cost anywhere from $400 to $1,000.
When an agency decides to deduct the cost of the photoshoot from the model’s future earnings, or when an aspiring fashion photographer gives it for free because they need the photographs for their portfolio, this norm is not followed.
General fashion photographer in Singapore earns $42,000 on average, whereas commercial photographers earn $46,000 to $77,000. Part-time self-employed freelancers can make as little as $17,000 or as much as $78,000, depending on their skill set, experience, location, and how full their schedule is.
Fashion photographers and those who work for industry-leading magazines like Vogue are among the photographers who receive the highest professional photo shoot prices in the world.