Comments on: Knowing your own self worth is important in a tough economy http://www.exposingfashion.com/2009/01/24/knowing-your-own-self-worth-is-important-in-a-tough-economy/ Behind The Scenes with Kevin Michael Reed - Fashion & Beauty Photographer Thu, 26 Jan 2012 09:22:00 -0500 hourly 1 http://wordpress.org/?v=3.3.2 By: Kevin Michael Reed http://www.exposingfashion.com/2009/01/24/knowing-your-own-self-worth-is-important-in-a-tough-economy/#comment-420 Kevin Michael Reed Sat, 24 Jan 2009 20:48:52 +0000 http://www.exposingFashion.com/?p=123#comment-420 I too have considered lowering my rates, but here's the problem. In a good economy, when someone is starting out they tend to start at lower rates and then try to raise them every year until they get to a point where they are actually making money. Of course, we both know this hurts the photographic community and it takes a VERY long time to raise your rates back up. In a bad economy, you'll never be able to raise your rates back up. KMR I too have considered lowering my rates, but here's the problem.

In a good economy, when someone is starting out they tend to start at lower rates and then try to raise them every year until they get to a point where they are actually making money. Of course, we both know this hurts the photographic community and it takes a VERY long time to raise your rates back up.

In a bad economy, you'll never be able to raise your rates back up.

KMR

]]> By: John Watts http://www.exposingfashion.com/2009/01/24/knowing-your-own-self-worth-is-important-in-a-tough-economy/#comment-419 John Watts Sat, 24 Jan 2009 15:41:01 +0000 http://www.exposingFashion.com/?p=123#comment-419 WOW! Kevin, this really opened my eyes - - I've never apologized for being on the high end of the hourly rate for what I do, and frankly, I had considered lowering my rates in this goofy economy to attract business - - NOT NOW!!! I know what I'm worth, and worth every penny - - my rates stay the same! John :-) WOW!

Kevin, this really opened my eyes – - I've never apologized for being on the high end of the hourly rate for what I do, and frankly, I had considered lowering my rates in this goofy economy to attract business – - NOT NOW!!! I know what I'm worth, and worth every penny – - my rates stay the same!

John :-)

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