When adjusting your prices because cost of doing business increases, don't overlook raising your own compensation.
Every business owner should take time to evaluate their pricing structure. When analyzing the profitability of your photography business, it’s important to be aware of all the expenses that impact your bottom line. The costs of printing, credit card processing, hosting fees, wedding albums,
editing services,insurance, memberships, and licenses all rise annually. You’ll need to increase what you charge for your services,
professional wedding albums,and collections accordingly. Something that often goes overlooked is increasing owner compensation. In addition to accommodating the increasing cost of goods and services, why not give yourself a raise?
