In Toronto, Wedding Photography is Costly
One of the first concerns of a money conscious bride is the wedding photography cost. As such, in this article we will analyze photographers' expenses. Besides, we will assess the impact of wedding photography cost cutting measures.
Before we start, please make sure you visit our page on Toronto wedding photography prices to find the best local artists at incredible prices.
Average Cost of Wedding Pictures in Toronto
As per the industry annual surveys, the average cost of a wedding in Toronto is around $30,000. Most wedding photographers charge 10-15% of that. As such, the average wedding photography cost in Toronto is between $3,000 and $4500. Unfortunately, photographers have to charge those prices to stay in business. As you will show, photographers incur high overhead costs and high direct costs.
Overhead Costs of a Wedding Photographer
First, we will analyze the overhead expenses of a wedding package. Those incur anyway, even if we don't photograph any wedding. Among them we have office, marketing, equipment, professional services and labor costs.
Office related costs
A major cost, Rent in Toronto is at least $500/month. Besides, photographers pay utility bills every month. Also, phone services will set back a photographer $80/month. Besides, the internet costs $80 per month while website hosting adds another $30 /month.
Marketing and Advertising Costs
Unfortunately, marketing and advertising costs are too high for many Toronto wedding photographers. With the low Canadian dollar, US advertising is now even more expensive. Also, marketing and labour account for over 70% of the wedding photography costs. They are unavoidable for a small business. As a result, photographers have to pass costs to their clients.
Google Adwords is not a cost effective channel
A major source of leads is Google Adwords, which is not cheap. For each click costs the photographer $3.95-$6.50 per click.
Table 1: Cost per Click for Toronto Wedding Photographer Keywords
|Keywords||Monthly Searches||Cost Per Click|
|Toronto wedding photographer||1600||$3.95|
Facebook Advertising is Not Cheap
Facebook started as a free channel, but is becoming more expensive every day.
Blogs and directories also charge to list a business in their vendor directory.
Bridal Shows are Overpriced
Although Bridal Shows a good marketing channel, they are expensive. For example, a simple booth at a Bridal Show in Toronto costs north of $2,500. When you add the cost of albums, large prints, flyers, décor, the figure comes closer to $5,000. Also, the shows occur on weekends so as photographers we forgo any revenue that weekend. Is it worth the money? Sometimes yes, often there is no return on the money invested in a bridal show.
Print Advertising Costs an Arm and a Leg
Print is THE most expensive medium after TV (tens of thousands for the back cover). Second, it is almost impossible to calculate the ROI (return on investment), it has no SEO value and so on. More important, in this digital era, readership of magazines is low.
Professional Associations Charge Yearly Memberships
Joining professional wedding photographer's associations has many benefits. It keeps the photographer in touch with the latest photography techniques. Also, it pushes the photographer to improve his work through periodic competitions. Finally, professional associations are strong communities. That helps if the photographer is sick and can not photograph a wedding. She can call someone who is available to photograph the wedding instead. A membership fee runs between $100 to $500 per year.
Photographic Equipment Costs a Lot
Your artist will be using equipment valued at $30,000+. That depreciates over time and she needs to amortize it at a rate of $550/month. Would you like your photographer to shoot your wedding using old equipment? NO! You definitely heard stories where cheap photographers lost a couples' wedding photos because the cheap old camera died.
Photography Workshops are Exorbitant
Photography workshops are prohibitive. For instance, attending 2-3 workshops per year costs $4,800. Besides, photographers need to pay insurance, an accountant to do their taxes and a lawyer who reviews the agreements.
To survive in Toronto, a $50,000 gross salary is the least amount required to survive.
Here is a table consolidating the above mentioned overhead expenditures.
Table 2: Annual Overhead Costs of a Wedding Photographer
|Type of Expenditure||Monthly||Annually|
|Professional associations fees||$30||$360|
|Cameras, lenses, flashes, etc.||$550||$6,600|
|Total Overhead Expenses||$7,507||$90,080|
Besides the overhead expenses, a wedding photographer incurs direct costs.
Cost with a second shooter - $500/wedding.
Travel and parking expenses - $100/wedding
Photo Albums cost - $300 per wedding
The direct costs per wedding add up to $900.
When a photographer shoots 40 weddings a year, that adds another $36,000 annually in direct costs.
Table 3: Direct Costs of Wedding Photography
|Direct Costs||Per wedding||Annually|
|Travel and parking||$100||$4,000|
|Total Direct Costs||$900||$36,000|
|Total Costs (Overhead Expenses + Direct costs)||$126,080|
Let’s summarize our findings. To break even, a Toronto wedding photographer has to generate a $126,080 in revenue.
Wedding Photography Cost Cutting Implications
I am shocked that some photographers charge less than $2000 per wedding. By analyzing the cost structure above, was curios how that can be done and what it implies.
Let's analyze a low-cost wedding photographer.
Table 4: Wedding Photography Cost-Cutting Measures and Implications
|Type of Expenditure||Can We Cut the Cost||Implications|
|Rent||Cut||work from home|
|Utilities||Cut||work from home|
|Bridal shows||Cut||Does not know the trends in the wedding industry|
|Professional associations fees||Cut||Old looking photos|
|Cameras, lenses, flashes, etc.||Cut||Old, unreliable equipment|
|Computers||Cut||Unreliable computer, can lose your images|
|Workshops||Cut||Low quality images|
|Insurance||Cut||If equipment is stolen, can not photograph your wedding|
|Accountant||Cut||Does not function as a business.|
|Lawyer||Cut||Not a legal entity.|
|Gross Salary||Cut||Part time occupation, if main job does not allow it, photographer will cancel last minute.|
|Total Overhead Expenses||$1,090||$13,800|
What to Expect From a Low Cost Wedding Photographer
The table above tells us a clear story! When you hire a low-cost photographer, you are taking risks. Embrace yourself for low quality images, old equipment which can fail. Many of your photographs will be out of focus, underexposed, blurred. Also, the cheap photographer will not edit your images. It is not uncommon for old hard drives to crash, so you will never see your wedding pictures.
The budget photographer does not operate a legitimate business and photography is only a secondary source of income. When his main job does not allow him to photograph your wedding, your photographer will cancel on you. His second shooter often never shot a wedding and the car he drives is unreliable. A part-time photographer can not shoot more than 20 weddings a year. Even that is too much and he will be burnt out. You definitely don't want him shooting your Big Day.
Direct Costs of A Budget Wedding Photographer
Direct wedding photography costs are those associated in mod direct with shooting a wedding.
Table 5: Direct Costs of a Budget Photographer
|Direct Costs||Per wedding||Implication|
|Second shooter fee||$100||No experience|
|Travel and parking expenses||$0||Probably an unreliable car|
|Cost of Albums||$0||Does not offer albums|
|Total Direct Costs||$100||$2,000|
A cheap wedding photographer incurs a total of $15,800 in costs. Direct costs are $2,000 and overhead costs equal $13,800. Even though a low cost photographer can offer very good deal, you are taking high risks sacrificing quality.
The wedding photography cost in Toronto is high for a reason. In photography, everything is expensive. By hiring a bargain based photographer, you are gambling your wedding pictures. Is it worth taking that risk? You are the only person who can answer to that question.
We wish you best of luck in finding the best wedding photographer for you. If you feel this article was worth reading, please share it with your friends.