Introduction
When you think of a career in modeling, you may envision glamourous photoshoots, strutting down high-fashion runways, and rubbing shoulders with the rich and famous. But what you may not know is how much money models actually make in this industry. Understanding the earning potential in modeling is crucial for aspiring models who want to create a successful and sustainable career in this field.
Inside the World of Modeling: A Look at Industry Earnings
The income potential for models can vary widely depending on factors such as location, experience, and type of work. According to the Bureau of Labor Statistics, the median hourly wage for models in May 2020 was $13.76, with a range of $8.47 to $52.92 per hour. However, these figures do not include modeling gigs such as commercials, which can offer higher pay rates.
Runway and print modeling jobs are typically the most lucrative, with top models earning millions of dollars per year. Supermodels such as Kendall Jenner and Gisele Bundchen are estimated to earn tens of millions of dollars from modeling contracts, brand endorsements, and other business ventures. On the other end of the scale, new models who are just starting out may only make a few hundred dollars per gig, if that.
What It Takes To Make It Big: Interviews with Top-Paid Models
So what does it take to make it to the top of the modeling industry and earn a significant income? We asked some of the highest-paid models for their insights and tips on achieving success in this field.
One model we spoke with is Ashley Graham, known for her body positivity and inclusivity advocacy in the industry. She shared that building a unique personal brand is key to standing out and booking bigger and better gigs. “Be yourself, be authentic, and show up fully,” she advises aspiring models. Negotiating contracts and speaking up for yourself is also important, she adds.
Another top-paid model we spoke with is Karlie Kloss, who has worked with major brands such as Victoria’s Secret and L’Oreal. She emphasizes the importance of hard work and perseverance, stating that “you have to put in the time and effort and work your butt off” to achieve success in the industry. Kloss also encourages aspiring models to be open-minded and willing to learn from other models and industry professionals.
Beyond The Catwalk: Diversifying Income Streams for Models
While runway and print modeling gigs are typically where most models earn their income, many models have found success diversifying their income streams. One strategy is to secure brand endorsements or sponsorships, which can offer lucrative partnerships with clothing or beauty brands.
Other models have branched out from modeling altogether, leveraging their social media platforms to launch their own fashion lines or beauty products. For example, Emily Ratajkowski has her own swimwear line, while Miranda Kerr created KORA Organics skincare products.
The Dark Side of Modeling: Income Inequality and Exploitation
Despite the high potential for earnings, the modeling industry is not without its challenges, particularly when it comes to income inequality and exploitation.
Models from certain regions or communities may be paid less than others, or forced to work under poor conditions in order to book gigs. Additionally, many models are subject to abuse and harassment from photographers or clients, with little recourse or support from agencies or commissions.
Breaking Into the World of Modeling: Salary Expectations for New Models
If you’re considering a career in modeling, it’s important to have a realistic understanding of what to expect in terms of salary and income potential. According to modeling agency IMG Models, new models can expect to earn around $1,500 per day for print or e-commerce work, and $3,000 to $5,000 per day for commercial or television work.
To get started in the industry, aspiring models will need a strong portfolio and a good agent. It’s also important to be proactive in seeking out opportunities, networking with industry professionals, and researching potential brands or companies to work with.
Conclusion
In conclusion, understanding the earning potential in the modeling industry is crucial for aspiring models who want to build a successful and sustainable career in this field. While income can vary widely depending on location, experience, and type of work, top models can earn millions of dollars per year from modeling gigs and brand endorsements. However, it’s important to be aware of the challenges and risks in this industry, including income inequality and exploitation.
With the right strategy, mindset, and support, aspiring models can achieve their goals and build fulfilling careers in this exciting and dynamic industry.
