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Pricing & Negotiating: Still Life for Print and Out of Home Advertising

BY Craig Oppenheimer 7 September 2016
Intel, Case Studies, Pricing & Negotiating, Building Estimates

Shoot Concept: Images of a single product against a white background

Licensing: Advertising use (including Out of Home) of all images captured for 1 year

Location: A studio in the Northeast

Shoot Days: 1

Photographer: Food and product still life specialist

Agency: Large, based in the Northeast

Client: Large Food/Beverage Company

Here is the estimate (click to enlarge):

Creative/Licensing: The concept for the shoot was straightforward. The agency/client hoped to photograph their new product against a white background with minor props alongside of it. The agency planned to composite the final image on a different background, and they had plans to use the images for print ads in magazines, as well as placement on bus shelters and other out-of-home applications. While the agency requested for the licensing to include all images captured, we’d be photographing one product and the usage would incorporate one final image, so I therefore priced the creative/licensing fee to be more in line with their intended use of one image. Based on previous experience with similar projects and clients, I knew that creative/licensing fees for this type of usage and straightforward nature of the project typically fell between $10,000 to $15,000, and I ended up landing roughly in the middle at $13,000. 

Assistants: The photographer preferred to manage a workstation for client review rather than hiring a digital tech, and we included two assistants to help manage grip and lighting throughout the day.

Producer: While the concept was straightforward, there would still be a decent amount of pre-production work to coordinate crew, styling, scheduling and catering, and the agency specifically asked for a producer to be on site to manage the day and make sure everything stayed on track.

Food/Prop Styling: I included one prep day and one shoot day for a food/prop stylist, as well as one shoot day for their assistant. While I’d typically include an additional day for a stylist to return the unused items, it was not a cost efficient option given the limited budget needed for the food/props (which included the cost to buy a few versions of the product to be shot, along with a few minor food items). The stylist we wanted to work with charged $1,200/day plus 20% for their agent, and their assistant worked for $300/day.

Studio Rental and Equipment: A studio in this market could range from $1,500-$3,000 depending on availability, plus equipment charges of an equal amount for lighting, grip, a workstation and a medium format camera rental.  A few specialty studios charge flat fees and wrap everything up in one fee, and I felt $4,000 total would cover any of these options for studio and equipment depending on space availability.

Catering: I included $70 per person for a nice breakfast, lunch and craft services throughout the day for up to ten people (6 crew and 4 agency/client).

Parking, Expendables, Misc.: I included $100 for general unanticipated expenses throughout the day, plus $100 for meals/transportation during our stylist’s shopping day, plus $100 for transportation to/from the shoot for the crew.

Insurance: We included $500 to cover a general liability insurance policy, which the studio would need proof of, as would any equipment rental house we used.

Shoot Processing for Client Review: This covered the time to do an initial edit of all the images, back them up, and provide a gallery for the client to choose from.

Selects Processed for Reproduction: While the agency would handle the final compositing, we were warned that the image of the product would likely require a substantial amount of work to remove/add certain labels. We therefore included 6 hours of retouching (including one round of revisions after the initial processing took place) based on a rate of $150/hr, and then rounded up to an even $1,000.

Results: The photographer was awarded the project, and the ads are due to roll out in the coming months. 

You can find all of our Pricing & Negotiating articles here. If you’d like to hear more about our Pricing and Negotiating or other consulting services, please send us an email or give us a call at 1 610 260 0200!

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