How much does it cost my family to run this business?
Office and Studio Space
- Office: $50 / Month
- Studio Rental: $100 / Hr
Equipment and Accessories
- Camera 1 - 7D Mark II: $1750
- Camera 2 - t3i: $800
- Future Camera - 5D Mark IV: $3737
- 50mm 1.4f: $400
- 85mm 1.4f: $400
- 10 to 22 mm 3.5f: $800
- 24 to 70 mm 2.8f: $900
- 70 to 200 mm 2.8f L: $1750
- 17 to 40 mm 4.5f L: $600
- 4 Speedlites, Transmitters and Receivers: $400
- Future Macro Lens: $800
- Batteries: $250
- SD Cards: $120
- 6 Huge Hard drives: $1000+
- Editing Laptop: $1000
- Monitors: $500
- Calibrator: $400
- Reflector: $40
- Tripod: $30
- Pixma Pro-100: $350
- Ink: $100+
- Camera Bag: $30
Software
- Adobe Creative Cloud: $19.99 / Month
Business Email Account
- Gmail Business - $120 / Year
Babysitting
- $15+ / Hr
Web Hosting & Domains
- Smugmug Business: $300
- Domains: $60
Vehicle Expenses
- Vehicle & Gas: $550 / Year
Office Supplies & Furniture
- Furniture: $50
- Office Supplies: $50
Postage & Shipping
- $40 / Year
Professional Development
- Classes: $500 / Year
- Professional Photographers Association: $194 / Year
Business & Equipment Insurance
- All State: $450 / Year
Credit Card Processing Fees
- Square: 2-3% of Sales
- Pay Pal: 2-3% of Sales
Legal and Accounting
-Professional Services: $500 / Year
Taxes and Licences
- Salt Lake City Sales Tax: ~6.8% of Sales
- Establish LLC in Utah: $48.00
- Register Business Name: $22.00
- Salt Lake City Business License: $138.00
Bank Accounts
- Business Account Fees: $100 / Year
Other Expenses
- There are surprise expenses along the way!
- Broken Equipment, ect, ect, ect!