A photo stand does not need to be expensive. Mine starts with a card table, which I already owned (was once part of my art festival display, glad I found a new use for it). I fashioned three pieces of white foam core into the side and back walls, held together with packaging tape. The Flotone backdrop is taped to the back foam core wall, and to the table. A simple piece of white fabric acts as the diffuser. It is secured across the top of the foam core walls with binder clips. Two cheap light fixtures hang from the ceiling, with two nice 5500K florescent light bulbs.
Here's how it looks in action:
And here's the photo I just took:
Ahhhh ... so nice that I didn't have to photoshop out the scratches and the wax stains!