1. What is Photography CODB?

The Cost of Doing Business (CODB) in photography calculates your daily business expenses to help determine appropriate pricing for your services. It ensures you cover all costs while maintaining profitability.

2. How Does the Calculator Work?

The calculator uses the CODB formula:

Where:

• \( Total\ Expenses \) — All business-related costs for the period (USD)
• \( Billable\ Days \) — Number of days you actually work with clients (days)

Explanation: This calculation shows how much you need to earn per working day just to cover your business expenses.

3. Importance of CODB Calculation

Details: Knowing your CODB helps set minimum pricing thresholds, evaluate business profitability, and make informed financial decisions about your photography business.

4. Using the Calculator

Tips: Include all business expenses (equipment, insurance, software, etc.) and only count days you're actually available for client work (excluding admin days).

5. Frequently Asked Questions (FAQ)

Q1: What expenses should I include?
A: Include all business expenses - equipment, insurance, software, studio rent, marketing, travel, education, taxes, and a salary for yourself.

Q2: How do I determine billable days?
A: Count only days you're available for client work (shooting, editing for clients). Exclude vacation, sick days, and administrative days.

Q3: How often should I calculate CODB?
A: Recalculate at least annually, or whenever your expenses or business model changes significantly.

Q4: Is CODB the same as my day rate?
A: No, CODB is your break-even point. Your day rate should be CODB plus desired profit margin.

Q5: What's a good CODB for photographers?
A: This varies widely by location and specialty. Compare with industry benchmarks in your area.