– Low start-up costs since basic equipment such as a computer, scanner, and photo editing software are relatively inexpensive.
– Flexible hours—you can work around other commitments or jobs.
– No need to rent an office or retail space.
– Ability to work with your clients directly, helping them restore and preserve memories.
– Potential for growth as technology advances and photo restoration services become more widely sought after.
– Low potential earnings from a single job—photo restoration is typically charged by the hour or per project.
– High costs for specialized equipment such as archival scanners.
– Time spent researching, learning, and updating software or techniques to stay competitive in the industry.
– Highly competitive market—there are a lot of photo restoration services out there.
– Reliance on word of mouth and referrals to bring in new clients.
– Potential liability with copyright issues.
– Working with outdated or damaged photos can be both challenging and time consuming.