Mike in Nevada asks:
How does one prepare to relocate a real estate photography business to another state or city? Given that one will have to give up the hard-earned client-base when transitioning. How can I obtain factual information regarding real estate and potential competition? I was considering selling my business so that I can have some money to rebuild my clientele. Any thoughts on the matter?
Obtaining Information about Competition in Any Given City
You can find information about real estate photography competition in any city by just Googling "[city name] real estate photographers." This will show you all of the websites of real estate photographers within [city name] and should give you much of the information to understand the competition in [city name]. Anyone who doesn't have a website and is not marketing themselves is not going to be competition!
Selling a Real Estate Photography Business
Whether or not you can sell any real estate photography business depends upon a number of factors:
The only real estate photographer who could take over your current client base would be a photographer that does the same kind of work that you do and one that provides roughly the same level of service that you do. It is likely that a large percentage of your clients would not stick with a new owner who did different work. My guess is that a new owner would be lucky if 50% of your client base would continue working with him or her.
Does anyone have experience selling a real estate photography business?