December 9th, 2014
A week ago I did a post/poll on the income potential of real estate photography. The post was partly about raising your prices, but it also had a net income poll. Due to the format of the poll and the earlier similar poll I did back in 2007 it was a little hard to compare the two polls unless you put them in a spreadsheet and made your own graph. I did that and the result is very interesting.
The result is shown in the bar chart to the right. Click on the figure to see a larger version that easier to read. Even though the polls themselves are not perfect for reasons I’ve discussed in last week’s post, I believe the difference in the polls tells us something about the real estate photography industry.
Here are some interesting things:
- Notice that in 2007 52% of real estate photographers were making below $20K. That’s dropped to 22% in 2014.
- In 2014, there has been a big (10%) increase in the number of photographers making over $100K.
- In 2014, each income range we polled has increased 3% to 7% over 2007
- There are still 45+% of photographers making under $39K. Presumably these are people just starting and/or people doing it part-time.
This result is what you would expect to see in an industry that is growing like real estate photography. There are significantly more people making a good income in 2014 than there was in 2007.