Photography Business
Briefly describe your business (Product/Services)
I want to start a photography business. People love to have something that will remind them of the priceless moments they once shared. Such moments can only be captured by an excellent photographer who values the memory. In the present world, people like sharing every moment they share. My business will be in partnership with such people who value each moment they spend with families and friends.
In the same way, one would want to advertise his/her business, events, parties, and many other events that people engage in. The company will help in designing e-posters and banners that can be uploaded online, especially now that most businesses are done online. Photography business entails the coverage of live events such as birthday parties, engagement parties, graduation parties, and wedding events. The company will also be involved in designing of e posters for various occasions.
Product and services
The business will be offering the following products and services
- Half and full-day photography
- Video shooting
- Photoshoots
- Events coverage like weddings, graduation, engagement, birthday parties
- Video editing
- Poster designs
- Banners design
Decide which type of price discrimination would best for your product/service
The business will use second-degree price discrimination. This is whereby prices are charged based on the quantity of the services and products needed. This will allow the company to make much profit. Larger quantities will attract lower prices compared to more moderate amounts. For instance, if one wants a photoshoot for one hour, that’s around 50 pictures; the person will pay 150 dollars, which is cheaper compared to the top when an individual needs three photos that will be $30. Second-degree discrimination is mostly favorable to many groups of people.