I've just discussed about the recession with a friend of mine, a photographer. He was afraid that being a premier photographer, his business opportunity would be hit and people would choose stock photo. I told him, in my opinion, the contrary would happen. When an organization has money (cash) to spend, they may in fact choose to buy from internet stock photo. The reason being the wide range of choice so they can splurge on getting a lot of photo. A discerning organization in tough time like now in fact should spend on a good photographer in order to make sure they really get what they want with a specific payment. Furthermore, I believe you can say... wait for 30 days before making payment. I don't think stock photo from internet allow you to do that right? So, it may just be likely that premier photographers are getting more work.
Besides that, with the market going down, advertisement business should be becoming more relevant since people are fighting for whatever purchasing power left from the market. In addition, the price gap between professional and amateur price may just be narrower and increase the value of paying for premium photographers!
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