589: Photography Studio Special 2 – Buying and leasing advice for photographers looking at studio ownership
Description
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Welcome to part two of a two-part series, where we dive into everything you need to know about buying or leasing a photography studio. Whether you're considering owning a space or working from one, this episode will guide you through the essential considerations before making that big decision of signing a lease and paying rent or taking out a loan to purchase your studio space.
I'm thrilled to have three incredible guests joining us today, all from different genres of photography.
We have Boston boudoir photographer Lindsay Hite of Show Your Spark in the USA. Lindsay started her photography business in 2009, transitioned from weddings to boudoir in 2016, and opened her newly renovated studio in 2019.
Lindsay was featured in Episode 392 of the podcast.
Melbourne dance photographer Leah Hoffman of Hoffa Studios will also join us. Not only is Leah's work incredible, but you need to check out what she shared about marketing from Episode 480 of the podcast. This is one switched-on photography studio operator when it comes to generating highly qualified leads.
And finally, also from the USA, and for the first time on the podcast, we have New Orleans Headshots, personal brand, and commercial photographer Noel Marcantel, who has a street front studio that looks like an incredible place to work — complete with a full-sized cyc wall.
Whether you're a seasoned photographer or just starting to consider your own studio space, this episode is packed with valuable insights from some of the best in the business. Let’s dive in with this photography-studio-special, focussed on buying and leasing advice for photographers.
Here's some more of what we covered in the interview:
Lindsay Hite
I have two shooting spaces…a daylight studio and… the black box studio. I also have what I call my premiere room, which is the converted garage space.. and then I have some temporary little exhibition walls for the dressing room and then my workspace. – Lindsay Hite
We don't have parking here, which is a downside, and they rarely ticket. But when they do ticket, I always tell my clients and my staff, bring the ticket to me and I will pay it. So I like to say that's my parking fee. If I were leasing a garage space, or, you know, had to pay parking space rental in the city, it would be far more expensive than a random ticket here and there. – Lindsay Hite
You have to think of your cost of doing business differently because you have more overhead, especially if you're going to take on staff in addition to your studio space and the build out, so there's less wiggle room, so to speak for that, I have to make a certain minimum per day to stay profitable, and so that helps me enforce my pricing. – Lindsay Hite
I'm a big fan of trying things out, seeing how it works, tweaking from there, so that you can grow as you need to. – Lindsay Hite
Show Your Spark Website
Show Your Spark on Instagram
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