116: How To Figure Out Your Dream Hourly Rate as a Photographer and Make it Happen for Yourself
This week I’m going deep into a topic that all photographers need to talk more about… income!
Yes, I’m breaking it down and getting granular with how to plan for – and actually make – your dream income in your photography business, while having the lifestyle you’ve always wanted
Warning: you may feel a little called out in this episode! I know because I’ve been there. When you’re stuck in the cycle of over-working and undercharging, it’s always easier to push the nagging voice in your head to one side and just keep doing what you’re doing and hope for the best…
But what got you here won’t get you there! And the first step starts with awareness. So put aside distractions, grab your calculator and get ready to bust through that glass income ceiling, once and for all ;)
Tune into this week’s episode to learn…
The vital questions you need to ask yourself to figure out your dream income with example scenarios and calculations to help you on your way
The difference between revenue and income and why you are almost definitely undercharging (even if you don’t think you are!)
Why the average photographer's income accounts to less than minimum wage (!) and the concrete steps you can take to break the cycle and reach your goals
The relationship between your dream hourly income and how much you should be paying for support in your business
My own big hairy income goal for the next few years and why it’s so important to dream BIG with your finances
How I went from paying myself $11 an hour (yes, $11) to making multiple six figures in my business predictably, year-on-year
My projected annual revenue for this year working only part time hours, but still making my highest ever, full-time income
The 5 min exercise you need to do stat if you want to make big money shifts in your business!
I really hope this episode inspires you and helps you realize what’s possible in your business, my Shine + Thriver!
Implementing what I teach in this episode will quite literally change your life, IF and only IF you take action… so don’t hold back! Get started today.
And know that I’m always here to support you on your journey <3
Sara
RESOURCES + LINKS:
For more in-depth support on the themes covered in this episode, be sure to join the waitlist for my Outsourcing Made Easy Course at www.saramonika.com/waitlist
Listener’s Feedback
My Online Photography Courses for You
Outsourcing Made Easy: Learn how you can have more time freedom AND financial freedom as a portrait/wedding photographer. Sign up for the waitlist here now! (doors reopen once a year)
Crystal Clear Marketing: Learn how you can attract and book your dream photography clients - Sign up here!
Intuitive Storytelling for Wedding Photographers: Learn how you can storytell like a pro on wedding days - Sign up here!
Say hi to me on social! I would love to hear which episode helped you!
Instagram: @saramonikaphoto
Subscribe
If you're not subscribed to my podcast yet + you don't want to miss an episode make sure to do so right now before life gets in the way. Click here to subscribe in iTunes!
Review in iTunes
If you feel like you've gotten a lot of value from my podcast, I would be so grateful if you left me a review on iTunes by letting me know what you love about it! It helps me reach + help more peeps like you!
Simply select “Ratings and Reviews” and “Write a Review” and let me know what your favourite part of the podcast is. Thank you!
With love + gratitude,
Sara
PS
Did you miss the first part of this episode? Tune in here: How This Mom of 2 Was Able to Work Less, Make More Money, and Have More Time Freedom with Her Family in Just 10 Months! Student Story with Rachel Bowman
Mini Course Now Available!
Attract + Book Your Dream Clients
without confusing ads or worrying about getting featured!
RAISE YOUR HAND IF WONDERING WHERE YOUR NEXT BOOKING
WILL COME FROM KEEPS YOU UP AT NIGHT.
Well, I’m about to help you get clear on how to increase your inquiries + bookings!