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Income Diversification
Relying solely on client bookings creates feast-or-famine income cycles. Successful photographers diversify: stock photography generates passive royalties ($0.25-$50 per download depending on platform and licensing). Teaching workshops and online courses monetizes expertise ($500-$5,000 per workshop). Print sales through galleries or your website carry 50-80% margins. Affiliate partnerships with gear companies provide commission income. Writing for photography publications pays $200-$1,000 per article. Each stream individually may be modest, but combined they create stability and reduce the pressure on any single income source.