116: How To Figure Out Your Dream Hourly Rate as a Photographer and Make it Happen for Yourself

This week I’m going deep into a topic that all photographers need to talk more about… income!Yes, I’m breaking it down and getting granular with how to plan for – and actually make – your dream income in your photography business, while having the lifestyle you’ve always wantedWarning: you may feel a little called out in this episode! I know because I’ve been there. When you’re stuck in the cycle of over-working and undercharging, it’s always easier to push the nagging voice in your head to one side and just keep doing what you’re doing and hope for the best…But what got you here won’t get you there! And the first step starts with awareness. So put aside distractions, grab your calculator and get ready to bust through that glass income ceiling, once and for all ;)Tune into this week’s episode to learn… The vital questions you need to ask yourself to figure out your dream income with example scenarios and calculations to help you on your wayThe difference between revenue and income and why you are almost definitely undercharging (even if you don’t think you are!)Why the average photographer's income accounts to less than minimum wage (!) and the concrete steps you can take to break the cycle and reach your goalsThe relationship between your dream hourly income and how much you should be paying for support in your businessMy own big hairy income goal for the next few years and why it’s so important to dream BIG with your financesHow I went from paying myself $11 an hour (yes, $11) to making multiple six figures in my business predictably, year-on-yearMy projected annual revenue for this year working only part time hours, but still making my highest ever, full-time income The 5 min exercise you need to do stat if you want to make big money shifts in your business!I really hope this episode inspires you and helps you realize what’s possible in your business, my Shine + Thriver! Implementing what I teach in this episode will quite literally change your life, IF and only IF you take action… so don’t hold back! Get started today. And know that I’m always here to support you on your journey <3SaraRESOURCES + LINKS:For more in-depth support on the themes covered in this episode, be sure to join the waitlist for my Outsourcing Made Easy Course at www.saramonika.com/waitlist My Online Photography Courses for YouOutsourcing Made Easy: Learn how you can have more time freedom AND financial freedom as a portrait/wedding photographer. Sign up for the waitlist here now! (doors reopen once a year)Crystal Clear Marketing: Learn how you can attract and book your dream photography clients - Sign up here!Intuitive Storytelling for Wedding Photographers: Learn how you can storytell like a pro on wedding days - Sign up here!Say hi to me on social! I would love to hear which episode helped you!Instagram: @saramonikaphotoSubscribeIf you're not subscribed to my podcast yet + you don't want to miss an episode make sure to do so right now before life gets in the way. Click here to subscribe in iTunes!Click here to leave a review!With love + gratitude,Sara