Launching a professional photography studio need not break the bank. Many successful icons of the industry started modestly and eventually built gangbuster businesses. Here are a few tips to get you on your way.

Start from home. You don't need a large commercial studio to be taken seriously as a professional photographer; your home may offer everything you need. What's more, overwhelming data from the PPA Financial Benchmark Surveys shows that home-based studios enjoy a financial advantage over studios located in retail studio spaces due to lower overhead.

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