It’s a Business – You may catch some lucky breaks in your career or you may be an incredibly gifted photographer – but if you want to make a living taking pictures and sustain yourself financially,
you will need to manage your art and your career as a business. That means find a way to make a profit in pursuing your craft.
It’s Not Personal – Keep emotions out of your business decisions. This is a tough thing to manage because it’s usually at odds with the passion that energizes the creative side of you. I think my best work is very personal but I try to avoid the pitfalls of letting my emotions cloud my business decisions that are in my best interests. That could mean walking away from a job or a bad contract.
You’re Selling Value – If want to make money and stay in business, you need to understand your value or your photography’s value in the marketplace. Are you unique, have special skills or access to places other don’t, have one of a kind images, or are you simply a really good professional photographer who a client can hire with complete confidence? The answer to that question can help you assess your value in the marketplace. If you don’t know what your value is, then it will be very tough to sell yourself. You can’t sell what you don’t believe in.
“Always be Marketing” – I learned this from James Malinchak – America’s Big Money Speaker. I’ve never been comfortable selling myself, which is somewhat odd in that my dad was a great salesman. It always felt a bit disingenuous to me to toot my own horn, and no doubt I missed a lot of opportunities by not doing so. It’s tough to sell ones self and many of us are better off having a rep or an agency do that for us. But, I have found that the best marketing happens organically, when I’m at conference or a social gathering and connections are more personal.
Be Proactive Not Reactive – Change is inevitable. If you want to sustain your business, you can’t get complacent. Keep in mind two things: 1. Nothing lasts forever and 2. There will always be cycles of ups and downs. As Robert Frank said the other night when I heard him speak “Keep your eyes open”. He said that in answer to the question, “What advice would you give students?” and I’m sure he was speaking about creativity, but if you allow yourself to become complacent as an artist – your business will surely suffer.
Don’t Burn Bridges – Singer/songwriter Don Henley wrote; 
“Sometimes you get the best light from a burning bridge”. Isn’t that the truth? It’s also a lesson that I have learned the hard way. Think twice before you say something or react in a way that might come back to bite you.
Relationships are Key – Most business people will tell you that their best clients have been from referrals. It’s a lot easier to create a bond with a new client when you have already been vetted. Some relationships are easier to manage than others. Some are good and some are toxic. It’s up to you to sort through which relationships you want to nurture or abandon.
More practical tips can be found in The Craft and Commerce of Video and Motion
Journeys of a Hybrid 