In fact, between 20, the pet photography sector grew by 30%. Pet photography is seeing plenty of growth. Photographic portrait studios make up a large portion of the professional photography industry, supplying services to schools, colleges, and family portraiture. Disposable income is predicted to increase in 2021, representing an excellent opportunity for growth in the sector. When general disposable income is high, there's greater demand for professional photography services. This means that the sector is particularly susceptible to fluctuations in demand based on disposable income. The photography franchise industry is often considered a discretionary (rather than necessary) sector. IBISWorld states that the photography industry in the US is worth $11.5bn each year, having seen a 4.2% growth in 2021. With ongoing support from your franchise partner, you'll find your photography franchise a liberating way to flex your creative muscles. If you've never run a company before, franchising is a common-sense way of starting your own business. Most photography franchise parent companies offer a range of HR functions, offering support for regulatory compliance - the stuff that keeps independent business owners awake at night. Learn the tricks of the trade from an experienced practitioner who will guide you through the essential skills of the craft. With a photography franchise, you take on the experience and reputation that helps you thrive from the first day of business.īecause of this, most parent companies offer excellent training opportunities to ensure that you’re capable of delivering the excellent customer service that they have worked so hard to build. In business, a good reputation can really bolster a company’s growth, while a bad reputation can destroy the chances of its success. You also inherit the hard-earned reputation of the parent company. And while photography is still a niche industry, making an impact on the market when you're in competition with established competitors is challenging.įranchising, however, offers a range of benefits that are often particularly attractive to people who have no prior experience of running a business.įor example, you inherit instantly recognizable branding when you invest in a franchise - and that gives you immediate curb appeal, helping you stand out against your competition. Independent companies need to establish themselves in an (often) saturated marketplace. So, if you're looking to escape the rat race and change the way you earn your living, a professional photography franchise could offer a reliable route to creative self-employment.įranchising is generally considered a safer way to go into business than starting up as an independent sole trader.
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