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Hows the wedding industry going
Hey guys
I am sure we have all been effected buy the economy turn a rounds not just in America but here in Australia Sydney on average videographers, photographers etc have noticed a 30% drop in bookings Internet inquiries are down 26% for myself thank god for referrals. How is it going for everyone else have you noticed any falls Rob. |
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So is it a bad idea to be trying to start out right now? I figured that weddings will ALWAYS happen, as people always want to get hitched. The wedding industry, much like hospitals and morgues, should always be in business.
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Things are still chugging along here. Canada won't be as affected as the U.S., and Alberta even less even though it's based on oil. All the planners I've talked to haven't seen a drop off at all, and I'm booking up steadily.
T |
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Videography is in another world, though. Around here, the average couple doesn't even look for a videographer when they are planning, so with a tighter budget you can bet that most of them won't end up springing for a videographer. Then you have that small percentage of couples that DO look for a videographer, but the vast majority of them are looking for something really cheap, so again a tighter budget might mean a videography cut. I might sound all "doom and gloom", but I'm not. I still plan on doing well this year, but that's largely based on faith at the moment. It's still a bit early to say how the market is doing here, since most brides here start planning with 6 months or less to go. Ask me again in another two months and I'll be able to tell you how things are going. |
In Cincinnati, I'm booking up. June is close to full for me including Fridays. I am also filling up for October My February-April is not so good, but that is because I quit advertising on the Knot.
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Hurray for South Louisiana's oil driven economy. We're not feeling much down this way since that industry is still chugging right along.
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It has been a slow 2008 for me, I only have 3 bookings for next year ( 1 wedding & 2 Birthdays), normally I should have 10 by now.
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Perhaps it is because of how diverse our market it, and perhaps it is related to the specific demographic that we generally work with, but things on our end seem to be going up. We did notice however, things like after sales in photo and last minute upgrades seem to be more restrained.
I think Travis' initial post really holds the key. Some things in weddings are must haves and others certainly may be skimped on or skipped. The challenge then is to forget about the paradigm related to the value of wedding videos (we must forget that first of all if we want brides to as well) and make a product that is a 'must have'. P. |
Still Motion
...... and part of my slow period could be attributed to being on the same page with Still Motion at one of my web advertisement j/k
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Do you have a full time job? |
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Hi Robert, I adverstise on the Bridal Network and 2 local Filipino newspaper. I also have google ads. I have a full time job. |
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I work full time at a television station and shoot weddings on the weekend. I hope that one day the wedding business will enable me to quit the day job.
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Shooting weddings is my full time work i average just under 60 weddings by myself a year
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Full time for 1.5 years now. Doing 30 - 40 a year (projected). Couldn't imagine doing a 9-5 and 30 weddings a year, but there are guys who do it.
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When i meet with clients they want to speak to the person shooting their wedding. At present i am building a studio in my backyard wife wont let me work out of a shop she thinks it's dead money so i figured within 3 years i would have payed of my studio and increased the value of the house. Once the studio is complete i will try to expand but till then i am working out of my house it really limits you. A basic wedding day for my is about 12 to 14 hours on average beginning from grooms,brides, ceremony, location, reception always to midnight. One thing i have noticed that is they like to send the photographer home at 9.30pm because they know the videographer will be their to capture the rest of the evening. so unfair. |
Living in a totally different company and market.
But things are good. 100 in the bag for 2009 so far (quota is 130). Of course 2009 bookings are because of 2007 and 2008 marketing efforts. I have to keep up so 2010 is just as good. Charging approx $2,500-$3,000 per wedding. |
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The nice thing is that I'm not. There are are other videographers who book around 70++ annually here. And they do great work as well. (The Philippines is smaller than the state of California, and most jobs are in the capital - Manila). Market acceptance of video here is very high. Took a lot of work but we're finally there. |
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There are alot of tight ass couples who look at price and not quality aspecially when they ring around getting quotes. How can couples get quotes for video over the phone when you haven't even made an effort to see there work |
Jason, in the case of video, it seems folk from Asia, and from what you say, the Phillipines, can be a bit more sophisticated in their view of newer technology.
I try to like the area I live in, but it is hard. Here in Cincinnati there is still a fair number of people that seem to be living in the 80's. It is commonly said here that it takes 5 years for "things" to get to Cincinnati. On the other hand, the brides here do have internet access which I believe has greatly assisted the acceptance of video. |
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Published reports indicate that the sales growth of BD players in Europe and Asia quite significant, particularly in Japan where they sell more BD players than DVD. With BD players crossing under the US$200 price point, I would expect to see a hockey stick in the sales growth here. 2009 should be the crossover point here with more people wanting BD than DVD, or maybe BD and DVD which brings production considerations into play. I know that I'm wrestling with new workflows that will output a single project to both formats. |
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It's a market that loves video (funerals, 1st Birthday, 7th Birthday, Graduation, 18th Birthday, Baptismal) |
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cheers |
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BTW great job, I've seen some of your work before. JS |
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Blogging/posting new work on a weekly basis. Same Day Edits great customer service excellent networking with fellow suppliers full page ads in a handful of publications |
Sounds like fun! At least in the beginning ; ). I feel as someone has just shaken me and woke me up. I have poured money into my business, but have honestly spent less than 5% of that on marketing. Well, this is a new year! Perfect time to get my act together.
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