Many forex traders are trading while maintaining a full-time job or running a business. Thanks to social trading and our platform here on FXStat, investors can enter the forex market very easily. For many other investors, the goal is to start a business using profits from forex trading.

If you’ve been following conversations on the FXStat forum, you’ll notice that a lot of traders love photography and aspire to start a business in this field. Photography is an interesting business to get into and a relatively easy one to invest in. Before you jump into this business, here are the top tips and tricks you need to know.

The Right Gear for the Job

The best way to enter the photography business is by knowing exactly what you want to do. Do you want to do wedding photography? Are you more interested in fashion and boudoir? Or are you excited by the prospect of working with other businesses and taking pictures of their products?

Different fields of photography are unique; you need different sets of equipment to be effective (and successful) depending on the field you want to get into. For fashion photography, for instance, you want a good APS-C or Full-Frame camera with a portrait lens, preferably the 70-200mm f/2.8 or an 85mm f/1.8 lens.

The same gear works for product photography, but it may not be as versatile when used to take pictures of weddings. Other equipment (i.e. lighting, tripod, etc.) must be suitable for the kind of photography you want to do as well.

Stand Out from the Start

The photography business is competitive, but starting a new venture in this field gives you a great opportunity to separate yourself from the crowd. There are several things you must do in order to get the exposure and recognition you need to succeed.

First, develop a strong portfolio and make it available online. Instagram and Flickr are great platforms for publishing your best pictures and attracting potential clients. You can even connect with big corporations and top brands on Instagram. It won’t be long before these potential clients start contacting you for projects.

You also want to have a recognizable brand. Think about several catchy photography business names and pick one that matches your vision best. Develop a strong brand around that name so that people recognize the business and what you do right away.

Connect!

The FXStat forum is a great place to find new opportunities to explore. We’ve had members working together on various projects before. Connect potential clients and you’ll find many business opportunities sooner than you think.

You also want to continue updating your portfolio and developing a strong online presence. This is actually the beauty of getting into photography as a business. You can go out and take pictures in between trading sessions, post the best ones on Instagram, and grow your audience quickly.

The rest should be easy. Similar to other business ventures, opening a photography business is about sticking to a business plan and taking advantage of the best opportunities you come across.