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I received a phone call for what would have been an important photo shoot. During the conversation, Sheila1) mentioned that she already spoke to 2 other photographers. She was trying to get the 3 of us to bid against each other. As I was asking questions about her requirements for the photo shoot, she mentioned that “another photographer” was going to do it for $3,250 less than my price. Was it true? or not? It was clear that was around what she was willing to pay.
I couldn't do it for that price; I would have lost money on this project. At this point, I knew that it was time to bail out.
No photographer went out of business after saying 'no' to a bad deal, but many have done so by saying 'yes' to bad deals.
– The Photographer's Guide to Negotiating By Richard Weisgrau