Earlier this year, we featured a project by photographer Sannah Kvist that showed portraits of urban young people posing next to a pile of all their worldly possessions. Jiadang (Family Stuff) by Chinese photographer Huang Qingjun is similar in concept, but very different in content. He has spent nearly a decade traveling around to various rural communities in China, asking families to take everything they owned and carefully arrange them outdoors for a picture.
Rich Kids of Instagram is a website that collects Instagram photographs taken by young people who “have more money than you”. It’s a filtered look into the lives of people who zip around in private jets and receive Porsches as presents.
Photographer Laurence Kim wrote an interesting article titled “The Photography Business and the American Dream” in which he takes a look at the economics of doing photography as a career, coming to the conclusion that it’s one of the worst things you can do from a wealth creation standpoint.
I actually can’t think of a worse business than photography. I honestly can’t. In fact, if I were teaching an entrepreneurship class at a business school this would make a great exercise: Have my class think of a business that builds zero equity, had zero scalability and zero barriers to entry. It would be interesting to see if my class could come up with professional wedding/portrait photography. Knowing what makes a bad business would be very helpful in designing a good business.
The bottom line is this: from a wealth-creation standpoint, photography is a lousy career. But you probably already know that.
On the flip side, if you’re toiling as a photographer, you’re likely driven by a love of photography, not a love for money. Kim has some helpful tips for how to do photography as a career while staying smart financially.
Image credit: Money by AMagill