| It's a testament to how quickly digital photography has
taken hold with the average picture taker. Already, almost
half of the U.S.household population owns a digital
camera. In the near future, it will likely be every household.
But for all the gains digital technology has made,
people still want truly special photos and memories in
print. Increasingly, they're willing to pay a premium to
turn their digital pictures into lasting memories in the
form of finished memory books. Photo memory books
combine charming design, high-quality papers, and a
consumer's own photographs and thoughts into a valuable
showpiece that goes far beyond the shoebox or a 4" x 6"
print.
As a printer, photo memory book opportunities that were
previously out of reach are now easily within your grasp.
Being able to print-and profit from-even a small percentage
of the number of digital pictures that are taken
each year can mean substantial growth for your business.
With the right solution, you can supplement your existing
digital print volumes with the high-value pages that photo
memory books represent. While traditional digitally printed
pages sell for pennies, digital photo pages can sell for
several dolla |
Snapshot of the Photo Market
It's not about photos, but photo applications:
with the exponential growth in digital
photography, there's been a related decline
in photo printing. But when it comes to
using digital photos in applications, such as
calendars, greeting cards, photo books and
more, potential may only be limited by your
imagination. Consider this: the profit from a
single photo book can be greater than that
of 400 individual 4" x 6" prints (PMA Market
Research 2009).
Put another way: while traditional digitally
printed pages sell for pennies, digital
photo pages can sell for several dollars.
A lucrative opportunity-regardless of
economic conditions-consumers continue to
spend on special events like graduations and
weddings, and to use photo applications to
celebrate and remember those events.
Likewise, an increasing number of businesses
are using customized photos to deliver more
powerful and relevant marketing material
as well as publishing digital yearbooks and
directories.
Being able to print-and profit
from-even a small percentage of the number
of digital pictures that are taken each year can
mean substantial growth for your customers
through high-value photo applications.
The opportunities are out there. Some of them
are with the customers you already service.
And by adding photo printing to your business,
you create new opportunities for yourself as
well-in the consumer, publishing and
business-to-business market. The common
denominator is the opportunity to joint Konica
Minolta Photobook-to grow and thrive.
Understanding the photo publishing market-
and using that knowledge to gain new
customers and new business-can add up to
lucrative sales for you. Photo applications drive
revenue and are an innovative print offering
that will increase volume and relevance with
existing customers.
Photo Lab is dying industry
- Film users capture 240 images annually, making 340 prints from those images. Digital camera users capturing nearly 400 images annually but print significantly less.
- Charge-for a print is also dropping.
- Today digital minilabs are operating at just 16% of capacity
- In order to make money in this market, digital minilabs must make 750-1,000 prints per day. How many retail locations enjoy this kind of volume?
From year 2000 to 2009, people print their photos greatly decreasing. According PMA research, customers print 29.9 billion in year 2000 and decreasing in to 3.4 billion in year 2009. There is no denying that revenue from film print services keeps declining. In today world, consumers are increasingly using digital cameras and that activity will only increase as more and more people put their photos from their digital camera into social networking website like Facebook, Twitter, MySpace, and photobucket. In fact, there are an estimated 4-5 trillion pictures in the world with more being taken everyday. However, only few of those people are still interested in old conventional photo album.
What actually do the customers want?
- They want to print many photos but don't want to spend too much
- They want nice looking album, but they don't have much time to arrange all the photos
- They want to be different and they need personalized product
What should we do then? Do we have to stay the same and dying slowly or to change for better future?
Photobook is the answer to what the customers want.
What is Photobook?
A photobook is a professionally printed book containing your pictures. A custom photobook can be produced from your digital or film photos, put together in a creative design and printed for your memories (similar to a book you would find in the bookstore) |