New Business Selling Photos
Did you know the stock photo industry will be worth $4 Billion by 2023? That is huge, and it’s now easier than ever to get a slice of that pie. But how can you access such a diversified and growing market? Well, it’s actually fairly straightforward, and could be extremely lucrative.
More so than ever, people have access to a camera. Anyone with a smartphone has the ability to take instant photographs wherever they are in the world. This is the beauty of the smartphone. And it’s not just a quick blurry snap that you would never want to look at again. The quality of the photos that can now be taken by non-professional photographers is quite extraordinary.
Long gone are the days where expensive professional gear would be needed to succeed in the professional market. You may have heard of DSLR cameras that could cost upwards of $1000 for even just an entry-level model.
Although this price is fairly consistent with the top end smartphone – this is cost most folk are prepared to pay for their mobile devices. And as such, the competing mobile brands have had to up their camera quality game to win over customers.
So now most people with a decent smartphone also have access to a really good camera. And that means there is a new opportunity to make some money.
Who Buys The Photos?The stock photo market is booming because online content creators and advertisers need new images more than ever. They are in so much demand that a swath of new apps and platforms has made making money from your photographs easier than ever.
All you need to do is find a service that suits your style of photography, sign up and begin to upload your images. You can even subscribe to multiple platforms, just ensure the licence agreement does not prevent you from using other services.
In most instances, you will be able to sell your photo multiple times. This is a great way to make a passive income and could provide cash inflow for years to come – especially if you happen to take a popular snap.
What Makes A Good PhotoThere are a number of factors that go into making a great saleable photo. Firstly, you will need to ensure you are uploading high-resolution images. Your smartphone will be more than capable of this task in most cases. But it is best to check the requirements of each individual provider.
It’s a good idea to research current trends as well, and try and take interesting pictures that have a key focus on the background.
This will likely increase your chances of making sales. Remember, the more popular your photos are, the more money you stand to make.
It is not essential to have any additional fancy equipment to start making money in this way. But if you are looking for a more professional approach to the industry, then investing in an entry-level DSLR camera is a great idea. And from there you can scale up your operation as you begin to make more money.
Treat it like a business and the returns will be fantastic.
You can find multiple places online to sell your photos and the more platforms you subscribe to, the greater the chances you have of making sales.
Get snapping, there’s money to be made!