The world of photography has been revolutionized in the past few decades, but franchises have adapted to the times. By shifting from film to digital photos, keeping up with the latest social media trends, and utilizing photo sharing sites, photography franchises are an industry that is on the cutting edge of technology.
What exactly is a photography franchise?
Most photography franchises are geared towards photography of kids’ events, including school events, camps and extracurricular activities. Another huge chunk of the market is wedding photography, because everyone needs to have their special day documented. There are also opportunities in commercial and portrait photography.
Is this a growing industry?
While the photography industry has struggled in the wake of the major changes in the way photographs are disseminated, it’s on the mend. The photography industry generated $825.7 million in revenue last year, and is projected to grow 2.2 percent annually through 2017.
Technological innovation has been moving at a rapid pace, and the photography industry has had to change quickly to adapt with it. Almost a third of photography business is generated through the Internet. There are 300 million photos being posted to Facebook every day, which means a photography franchise has millions of potential customers!
Did you know….
We now take as many photos in two minutes as were taken in the entire 1800s. It’s estimated that humans have taken more than 3.8 trillion photos since the first photo was taken in 1826.
Say cheese…and then say, think of all the cheese you could make with a photography franchise!