The Income Opportunity Available Through Selling Digital Photos

By: hotpotato
In recent years a significant income opportunity has arisen with the growth of the Internet and the simultaneous wide availability of digital cameras. There has never been a better time to become a freelance photographer and to sell your digital images online.

Whilst this opportunity was always available to professional photographers, there are no longer any barriers preventing amateur photographers from taking and selling their digital photos as well.

As with any incoming producing opportunity the old maxims still prevail: what you get out is somewhat equal to what you put in,or translated for the purposes of this article: the more photos you sell the more money you will make.

The explosive growth of the Internet has seen that the demand for digital images is large (and growing) and the fact that that there is a readymade marketplace (in the form of microstock photography sites) has really expanded the size of the money making opportunity. Think about all the print ads, wall posters, magazines and websites that you see. Someone had to take those photos. Would it surprise you that many of those of pictures are taken by everyday photographers who by no means consider themselves to be professional?

For some, selling digital photos allows them to make an extra few hundred dollars a month which is a handy second income whilst others are able to earn in excess of $100,000 per annum.

The amount you are paid for each photo is negotiable and big name photographers are in a position to ask more for their images than is a photographer without a brand name. Whilst the actual price for an image is whatever the market will bear the following shows an average range of different sources which will be close to the following:

Web Images$10.00 - $40.00
Postcard Shots$30.00 - $80.00
Magazine Images $50.00 - $400.00
Book Illustrations$7000.00 - $12,000.00
Advertising Photos$1000.00 - $14,000.00
Stock Photo Site Rates 10c - $10.00

There is the option with photographs to sell the entire rights or just first print rights and then sell it again at a later time. A good photograph (and by good I mean in demand rather than artistic) can produce a passive income stream for many months to come. It is not uncommon for an image that pays you 20 cents each time it is downloaded, to be downloaded over 50,000 times!

As indicated by the price ranges mentioned above, the opportunity is by no means limited to stock photo sites but that is certainly the best place for a budding freelance
Photography
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