Concept: Headshots and environmental portraits of law firm partners
Licensing: Unlimited use of up to 20 images for 5 years
Photographer: Portraiture specialist in the Southeast
Client: Law Firm
Here is the estimate:
Fees: The client initially presented a project scope resembling a corporate lifestyle production with a seemingly endless shot list and a request for a one-day shoot (for what looked like a two-day shoot at a minimum). We had a discussion with the client, letting them know what we felt was feasible in a single day, and we were able to put a tighter box around the scope by just including portraits of their four main employees/partners in and around their office. It was at this time I asked about their budget, and we were told they had $10,000 to spend. This wasn’t a surprising budget, but I knew it would be a challenge to include appropriate fees/expenses across the board while capping the bottom line.
They had initially wanted 50 images, but given the budget, we limited that to 20 images and included a $6,000 fee, which happened to break down to $300/image. It felt light given the usage, but the straightforward nature of the newly defined project scope put downward pressure on the fee. Also, given all of the factors, the photographer was pleased with this amount. In addition to the creative/licensing fee, we also included $500 for a tech/scout day, so the photographer could see the location ahead of time and talk through logistics and creative approach with the client.
Crew: I included a first assistant to attend both the tech/scout day and the shoot day. I also included a digital tech who would double as a second assistant on the shoot day.
Equipment: This covered the photographer’s own equipment, and while I would have liked to charge more for the camera/lighting/grip he’d be bringing, we kept this expense to a minimum, given the budget.
Misc: I included $100 for any unforeseen expenses.
Postproduction: I included $300 for the photographer to provide the client a gallery of content to choose from, and then $100 per image to cover retouching for each of the 20 selects.
Feedback: The client demanded that they needed usage in perpetuity rather than be limited to five years. Typically, we would have gone back to them with an increased fee to accommodate that, but they essentially let us know it would be a deal breaker to increase the budget. The photographer was begrudgingly willing to simply include the perpetual usage to seal the deal.
Results: The photographer was awarded the project.
We’re available to help with any and all pricing and negotiating needs, from small stock sales to large ad campaigns.