Expenses and Total Investment
While doing your calculations, you would need to consider what kind of salary you are looking to get as a photographer, how much money you would need to spend on the equipment like camera, drone, lightning, etc., you should decide what should be in your “Camera bag” for your clients. I would definitely recommend that you account for some “hidden” fees, as well, which are often not explicitly mentioned, especially when it comes to the 3D Tour industry. What are these elements which are often missed?
- Tripods and ball heads. Always double check if this equipment is included or not, and if it is, investigate what kind of equipment is required and how much more you would need to spend.
- Hardcases. You would need a hard case, especially if you are investing in a few-thousand dollars camera. Always double-check if it’s included in the price or not.
- Other electronic devices. Would you need to invest in some sort of an electronic device to operate your camera for a 3D Tour? For example, to create a Matterport 3D tour, you would need to have an iPad, which bumps up your capital investment by another $300-$400 USD.
- Import Fees. Another “surprise” expenditure is the fees charged by your own government customs. If you are importing the equipment from overseas, always check what these charges might be. They might include the Value Added Tax (VAT), Import Tax, etc. and can often distort your calculations if not estimated earlier.
Another important factor is the payment structure. Some of the companies, like iGUIDE, charge you a one-time per square footage fee, while others, like Matterport, will charge you a monthly subscription fee. Both models have their advantages and disadvantages, depending on the business model you have, and the number of orders you will be dealing with. Don’t forget to evaluate them properly and account for these variable costs.