Learn the exact blueprint I used to go from a struggling videographer, to running a profitable video production business, in this one-hour free training. www.filmmakingmentor.com/Video_Production_Accelerator_Opt_In
@sutv67542 жыл бұрын
Does this mean that if a person wanted to see any of you work that they must buy and take a course.?
@meechcreativellc2 жыл бұрын
@@sutv6754 Think about that question and then remember this is at its very core about a business growing and making money. Saj runs a video production company, and wants to impart his knowledge by charging for that time to instruct and help others. This isn't about how to change a tail light on your 2015 Ford Explorer which, you can find plenty of free videos on KZfaq that will teach you that.
@sutv67542 жыл бұрын
@@meechcreativellc OK, Thanks for weighing it but not sure I under your comment. If I remember correctly I wanted to see the product he was making and charging so much money for. As you know there are many imposters on KZfaq. I did end up seeing one of his videos he provided and it was top notch so I take him seriously. I'm not going to take the course now but maybe someday. Need to see if the proof is in the pudding. That's all. All good.
@DMD96 Жыл бұрын
Thank you so much for this channel. So helpful. I just created a production company
@AJVogel2 жыл бұрын
As someone just starting out, this was incredibly helpful! I had never even thought about including any sort of profit margin.
@TFSO2 жыл бұрын
I Started a video motion gfx business for music artist and quickly starting getting clients due to my good quality (worked with 80+ verified artist) one big mistake I made was providing high quality for low price...problem with this is people start to expect it every time (Hollywood quality for pennies) which then attracts more people with a low budget before you know it...its a RACE to the BOTTOM!!! Know your worth!
@lindalawson42962 жыл бұрын
Would love to see your approach to pricing post production.
@dreamersdayproductions85642 жыл бұрын
This is such a slap in the face. Thanks for the slap. I’ve been doing everything wrong and always wondered why I’m still not gaining any actual profit. Much appreciated for this video! New sub
@jonstamm2 жыл бұрын
This is fantastic advice. Thanks for this!
@CollinShook2 жыл бұрын
Love your videos Saj! Started with one m50 into video live-streaming concerts at the beginning of the pandemic, now have 6 canon's in my recording studio, and just got my 2nd BMPCC 6k, so awesome to have all your videos for help as I pivot from music to more professional video production
@TracyDavis9042 жыл бұрын
Great video. I’m doing mostly corporate work and my line items are usually day rate and editing rate. I build everything into the day rate to avoid questions and having to explain everything that like items bring up.
@Filmmakingmentor2 жыл бұрын
That’s a great move.
@QualityVisionFilms2 жыл бұрын
Do your clients not ask why the day rate changes each project?
@jw_film2 жыл бұрын
I have been struggling for the last year on how I can grow from a freelancer to a small production company and how to work out costing for clients. This video showing up in my feed is exactly what I needed to see and what I needed to hear. Some excellent tips here and I shall definitely be putting them to use going forward. Thank you for posting this video 🙂
@GeeClarkeMusic Жыл бұрын
I can't stress enough how incredibly helpful your videos are! Appreciate all the knowledge you are sharing!
@Filmmakingmentor Жыл бұрын
Happy to help!
@RexRogers_11 ай бұрын
I’ve been running my video production company for 3 years and never thought to charge for the profit margin / expenses… realizing why it’s been hard to buy new gear
@ARTAudioCan2 жыл бұрын
FYI. This method of calculating profit margin is incorrect. In his video he adds 20% ($618) to his total cost of $3400 which brings his total to $4080. If you take $4080 and remove 20% profit ($816) your initial invoice would actually be $3264. Instead you need to add ($850) to your invoice in order to actually get a 20% profit margin and your total invoice would need to be $4250
@vladi_gavr2 жыл бұрын
wow, but how did you calculate those 850$?
@pow96062 жыл бұрын
@@vladi_gavr 3,400 / 0.8 = 4,250. 4,250 - 3,400 = 850 PS. 0.8 being 20% less than 1. Such as value * 0.8 is 20% less.
@ARTAudioCan2 жыл бұрын
There’s a difference between Markup and Profit Margin. The calculation he used in the video is called “markup” not “profit margin” these terms often get confused. Also in order to make a business profitable it is recommended to have at least a 30%-35% profit margin. This is when you have to have factor in rent, utilities, payroll, maintenance, vehicle, capitol purchases and inventory. You may be able to get away with less profit if you run a business out of your home. But if you want to grow your business you should look at a higher profit margin.
@avdcam2 жыл бұрын
@@ARTAudioCan And in Quickbooks you can apply markup automatically that is hidden from the client too. Markup tools in QB are pretty powerful.
@kiwanjsflores7159 Жыл бұрын
Super helpful 🙏🏽 even better that you’re in Chicago and put that into consideration 🙌🏽 lucky to be from here
@jamiequinlan2 ай бұрын
Best video on rates I've watched so far!
@alannagiuliani10959 ай бұрын
This is so insightful. Thank you!
@aleclatulippe6 ай бұрын
Very valuable information. I love the point of hiring a DP if you can't make it but you make no money, so you need to account for company profit. I have not thought of it from that perspective but it makes absolute sense. No care brand charges just for labor, they need to mark up. Thank you, Saj for the insight!
@anthonyortiz12162 жыл бұрын
Wow I've been stuck for a couple years trying to build and grow my production company and this video was tremendously enlightening thank you! Looking forward to the course!
@opticalillusions213 ай бұрын
Absolutely FANTASTIC video!!!
@rob.gerald2 жыл бұрын
Solid video to address how to build your price. One thing left out was 'taxes'......that's another line item for many to have as a line item as well.
@Filmmakingmentor2 жыл бұрын
Yea. Since the hard costs are expenses and can be written off, I build taxes into the profit margin
@clipsthatsell2 жыл бұрын
Thanks Saj, wish it was that easy in a competitive market, plus prospects often don't value video enough to pay 5k, 10k etc
@Filmmakingmentor2 жыл бұрын
It’s certainly not as easy as typing out these numbers. But it’s been over 10 years since I’ve done a video for under 5k and I’m in a very competitive market. Often times, people are trying to explain the value of video to the wrong type of client. If someone blinks twice about a 5k video and you’re still trying to explain the value, it’s time to move away from that client or market. I struggled for years to explain the value of video and turn realized there are clients that pay far more and already know the value and don’t need any explanation. But it does take time to get to that level
@KuriosCreative7 ай бұрын
Thanks so much for these videos Saj. I've learned so much already to apply to my business. Really appreciate you taking the time to share the knowledge!
@iSpike2 жыл бұрын
You good sir are a SAINT for sharing this information ℹ️ thank you 🙏🏻 New Sub & a huge thumbs up 👍🏻 Cheers from Western Australia 🇦🇺
@DanielRucci2 жыл бұрын
I always expect my shooter to have backup shooting gear in case critical elements like the main camera go out (doesn't have to be the same body, but just something that ensures we can capture to spec in case of issues). So yes, you should be charging something to have backup equipment on site - frankly it should be built in to the price of the main camera.
@pixel8films2 жыл бұрын
Thank you tremendously for taking the time to share this knowledge. Your channel has been a huge help in getting my company off the ground, the right way. I can’t thank you enough🙏
@patrickortman5038 Жыл бұрын
I love your videos, thank you! Line item budgets and placing profit into each line item (or not having specific line items at all): I hear you, and your argument makes sense. If we’re doing a corporate video we probably should usually follow that advice. Commercials are different, though. Those really require, at least for us, line item budgets and a profit/production fee line item at the end. Sort of a simplified AICP budget, really. Reason being, those types of clients really do want to see the details (and sometimes it helps us if they’re all “why didn’t we have a steadicam?” “Because it’s not in the budget…”).
@Filmmakingmentor Жыл бұрын
Yea that’s true for us when doing commercial work through agencies. Agencies require line item. I guess this video was related to direct b to b work
@dixoncreates11312 жыл бұрын
This is immensely valuable. I've extensively researched this topic and found nothing close to the quality of this video. Thank you.
@TheGrassfedHomestead2 жыл бұрын
This is eye-opening, Saj! Thank you!
@manusevillaphoto93492 жыл бұрын
Well…absolutely fantastic content, very helpful tools.
@A1Bokeh2 жыл бұрын
I watched this like 5 times in a row following along. Wow. Thank you man. I have a much better grasp on charging
@RonnelCuison2 жыл бұрын
Thank you. I just realized I let go of hundreds of thousands or even millions with the way I bill. I learned a lot.
@TomislavMoze2 жыл бұрын
Nice content, you got a sub. I would add that 20% of profit margin is not that great considering that taxing in a lot of countries will eat that up especially if all the money for the hired freelancers goes through your company. I prefer going with 30% its a more safe variant. But I guess it also depends on the taxing in the country where you run your business. All the other things are right to the point.
@bullettin2 жыл бұрын
At least in the U.S., tax would be another line, charged on the total you are charging the client, including your profit. Total, plus tax, equals new total. Either that, or you include that in your overhead costs.
@TomislavMoze2 жыл бұрын
@@bullettin i think you are referring to the sale taxes. There are also federal income taxes that vary depending on the yearly income. I was referring those.
@BrewReview2 жыл бұрын
Each of the forty-six US states with a sales tax makes their own rules and laws. In my state, taxes are applicable to tangible good sold, not services. You gotta check your local taxation, it’s not a blanket rule.
@TomislavMoze2 жыл бұрын
@@BrewReview i was referring to the federal income taxes that you get at the end of the year depending on your yearly income. The more income passes through your business you could get in a higher tax level. I'm not in the USA and I guess a lot of viewers are not also. But I know that you have different income tax levels in the USA also.
@RexRogers_11 ай бұрын
I don’t think you can pass your income tax expense on to clients.. can you? Is that normal?
@REINVENTEDPictures2 жыл бұрын
Man your channel is a gem
@TonyCaraballo-in8et Жыл бұрын
Always valuable. Thank you.
@NathanBerry2 жыл бұрын
Incredibly helpful video man, thank you so much for sharing your wisdom!
@vdjalienofficial2 жыл бұрын
Thank you so much for this video. I didn't realise what I'm doing until I saw this video. It's very useful. Thank you and have a nice day
@MadamT_ Жыл бұрын
Thank you this is so helpful. Wow!
@msnspy2 жыл бұрын
Thank you this is very informative as a person who came from freelancing and just started his company
@jimmystewartuk2 жыл бұрын
This is very helpful information as I start to transit from a freelancing position to a business through getting out of this pandemic. Thanks a lot for sharing this!
@JamesDBuzzard2 жыл бұрын
Yooo I'm in Chicago as well! I tried to explain this when I first started my channel but you explain it way better lol. I def need to update mine! 👌
@ronnoco2 жыл бұрын
This is the video I needed two years ago. Thank you 🙌
@thedavidjacob3011 Жыл бұрын
Just subscribed ! Your advice is legit 🙏🏻👊🏻
@DavidPaigeMusic2 жыл бұрын
This is an excellent breakdown! Thank you for making this video. Musician, KZfaqr, filmmaker also from Chicago over here!! See you around, neighbor!
@TheUproarGroup2 жыл бұрын
Wow, incredible advice!!!Thank you so much
@RolandBaker2 жыл бұрын
My Sir, you have gained a new sub. Thank you for the information.
@JDanielVzla2 жыл бұрын
Excellent stuff, thanks for sharing all these tips, really helpful.
@thomasduthie2 жыл бұрын
Great video thank you!
@enioleyva5292 жыл бұрын
This is some reaaaal gold!
@nikhilchoudhary21372 жыл бұрын
This was unexpected and crazy good, I am only a editor but knowing this us really good.
@Ohonsifilms2 жыл бұрын
Thank you bro , really helped a lot
@Filmmakingmentor2 жыл бұрын
No problem 👍
@brulmedia2 жыл бұрын
Awesome. Thanks for sharing!
@sutv67542 жыл бұрын
I've been watching many of your videos of for a while now. I'm a fan of them and your channel. I'd love to see what one of your 5000 dollars pro videos looks like. Do you have any you can show.
@Filmmakingmentor2 жыл бұрын
Hey here is an example newslatefilms.com/portfolio/company-profile/
How do you add the profit into the actual total cost of the project? Meaning where do you list it? Sorry just heard the answer on the end of the video. Thank you.
@fahimedits32 жыл бұрын
Awesome, Hey do you mind to cover this same topic for video editing side as well? Thanks
@Filmmakingmentor2 жыл бұрын
Working on that video soon
@ashishjatiani33562 жыл бұрын
We need guides on video editing business!!
@Filmmakingmentor2 жыл бұрын
Ok
@amandavaldorian19 күн бұрын
My issue is that I can't find anyone willing to pay for my services esp when they "have a nephew that can just shoot the video on his iPhone" 😂 it's SO frustrating
@songsbydaniel2 жыл бұрын
This video was so helpful! Thank you!!!
@stefankothner78172 жыл бұрын
Thank you for sharing this!
@yannmo55812 жыл бұрын
This video is gold!
@gregsandifer23982 жыл бұрын
Great info
@cockerjc2 жыл бұрын
Thanks!
@alphaandomegaproductions50732 жыл бұрын
Excellent. Thank you.
@CaseyHardman2 жыл бұрын
3:11 How do you go about pricing your gear costs to the client? Do you go off what it would cost to rent the equipment? We typically just charge for labor and the equipment is included, but I definitely see how we're undercharging. We're a two-man crew and do everything ourselves, so just trying to get an idea how to go about it!
@Filmmakingmentor2 жыл бұрын
Yea we charge based on rental house pricing around us. You also don’t have to show it as a line item in the invoice. You can build it into your rate. But it’s important to separate the two internally.
@CaseyHardman2 жыл бұрын
@@Filmmakingmentor Perfect, thank you!!
@invi_carlos2 жыл бұрын
Great explanation and breakdown. Thank you. New sub.
@navjyothkumar67542 жыл бұрын
Hey! That's an incredible video! I'd like to add more to this to help improve upcoming photographers/cinematographers with their business. I started my own studio about a year ago and had run into all the issues that you mentioned above. And, i sat myself down to work out this issue. I'd like to know - how can I reach out to you, to share my resources so that the material could probably be useful to your audience?
@Filmmakingmentor2 жыл бұрын
Hey send me an email info@newslatefilms.com
@MitchellMillennial2 жыл бұрын
Not all heroes wear capes
@508GriM2 жыл бұрын
thank you for this video Saj
@ozzythemighty27672 жыл бұрын
thumbs up for me. keep vids coming
@AanuAdedire2 жыл бұрын
Thanks, Saj. I wish I got this video last week, but I am grateful you shared this, and it has changed my mindset. Going back to my books and working better and smarter as a business
@AndresArosemena2 жыл бұрын
This is super great advice but as a one man show, when I keep adding all those "extras" the final price will seem way too much to the clients for a video done just by me. I need to overcome that.
@Filmmakingmentor2 жыл бұрын
Yea it’s a lot more difficult when you do a solo video. But I would try it when you get a new client. Even if it’s just the pre-production part and bump on your rate for profit
@AndresArosemena2 жыл бұрын
@@Filmmakingmentor thanks man. I will try it out! I really like taking into account the gear used. Do you have an excel or google sheet template for tracking down what gear is been used how many times w / projects? It would be awesome to have a visual graph of that.
@Filmmakingmentor2 жыл бұрын
I use quickbooks for it: each item has a line item and then it puts out a report if you look at the breakdown
@AndresArosemena2 жыл бұрын
@@Filmmakingmentor thanks for the suggestion. I think I'll build something in google sheets.
@Santafefashionweek2 жыл бұрын
Great information
@ChestiiPrinAmerica2 жыл бұрын
Another video full of practical knowledge. I realized that never included the fee of using my own gear. What would be a reasonable fee for a 10k $ worth of gear in Chicago area cause I am from here too...thank you sir.
@Filmmakingmentor2 жыл бұрын
I would like at a rental house website and charge per item, similar to what they charge.
@hamdanhareb56552 жыл бұрын
Thank you
@refocuscreativenh Жыл бұрын
You briefly mentioned that you were going to talk about pricing for editing in a separate video. Can you link it?
@GriffinConway2 жыл бұрын
So good man
@gabi.padilla2 жыл бұрын
Thanks for this! Any advice for finding clientele that value the work at this prices?
@Filmmakingmentor2 жыл бұрын
Yep I’ll have some videos coving that soon
@studio-11872 жыл бұрын
🤙🏽 very helpful
@studio-11872 жыл бұрын
Did you come across situations where clients specifically ask you for a breakdown? And how did you deal with that?
@Filmmakingmentor2 жыл бұрын
Yea sometimes. I just broke down the invoice into pre-pro, production and post. Didn’t break down any more though. If they want line by line, you can just build in the overhead and profit margin into each line
@alimay43422 жыл бұрын
Oh... I definitely misunderstood the title and have no business being here xD
@EmpowerED19902 жыл бұрын
Impressive.
@amishjim Жыл бұрын
Did I miss you mentioning the sound guys gear? I know you said he'd bring it, but it should be a line item also.
@Filmmakingmentor Жыл бұрын
Yea I can be. The guys I hire bill me together. Labor and gear. So I don’t see their breakdown. But it can be. Like 700 labor and 550 for gear
@amishjim Жыл бұрын
@@Filmmakingmentor right, but my point being the client shouldn't think they're getting great for nothing, so a trend didn't start. Good stuff. Just a note from the backseat 🤣
@Filmmakingmentor Жыл бұрын
Yea for sure. I usually don’t share this type of breakdown with my clients anyway. It’s more for internal pricing and budgeting for me. I only share pre-production, production and post-production costs with my client in a budget. Not line items
@martinvisual2 жыл бұрын
Skills should be more of a priority for someone starting off when is the moment of breakthrough that a freelancer knows when he is ready ?
@Filmmakingmentor2 жыл бұрын
Yea for sure. I think skills first, gear second and then learning self promotion or marketing and the business side. It’s gradual process. Hard to point at a moment when you feel ready in any stage
@sidvicious31292 жыл бұрын
This is outstanding information and we are using these steps in our business and upgrades must be part of the equation. The pre production work, I wasn't charging for. Every thing else, including insurance, I'm fine.
@pedercarlsen91992 жыл бұрын
fucking amazing video! this is perfect becous i am in this prosess of changing over right now so this was perfect! thanks!!!!
@gregorylagrange2 жыл бұрын
Great video and it was very helpful. I'm not in video production, but the subject of pricing is something that so many people need help with and it's relatable to just about every field. I do have a question that may be too wide open to really answer. It concerns overhead with things like insurance, rent for an office, things that have a definite cost to you that you know ahead of time what they'll be for a year, as opposed to something like advertising where you may have the ability to suddenly use something that is much cheaper. How do you approach building that into the pricing of a job? Do you do anything like seek to take care of one months rent for each client? Or do you approach it like you feel it won't be a problem to get a certain number of clients per month or per quarter, so you factor in each job to take care of a percentage of rent?
@Filmmakingmentor2 жыл бұрын
The second option for me. I know my monthly overhead that I can’t change. Rent, salary, insurance, subscriptions, ect. I basically built in some buffer into the profit margin to account for overhead that is a hard cost. And I know how many jobs we need to do to cover that overhead each month. If we don’t get that number, it eats into the profit margin
@gregorylagrange2 жыл бұрын
@@Filmmakingmentor Okay. Thank you.
@reckerproduction94682 жыл бұрын
This is so real
@easyshavemediasolutions2 жыл бұрын
great episode! keep rocking! what about taxes, how u calculate that?
@Filmmakingmentor2 жыл бұрын
I can talk about it in an upcoming vidro
@easyshavemediasolutions2 жыл бұрын
@@Filmmakingmentor that will se amazing! thanks
@sinanarts2 жыл бұрын
Nice tut. Thx. QUESTION: How you deal with some other freelancer offer to the same client with half the price you submit.?
@Filmmakingmentor2 жыл бұрын
That usually means it’s the wrong client. There is always going to be someone cheaper on the smaller job, but the higher end you get, the closer the pricing. No one is doing jobs at my level for half the price. If the client hears that, they know that person has no idea what they are doing.
@Filmmakingmentor2 жыл бұрын
Once a while though, you will lose jobs to cheaper people that are actually good and don’t yet understand their value, but they don’t stay around long
@sinanarts2 жыл бұрын
@@Filmmakingmentor Could'nt think of a better approach. Thats relieving. Thx.
@nathanmodl Жыл бұрын
How do you determine what to charge for your video gear? Is it a percentage of the total cost of the package?
@Filmmakingmentor Жыл бұрын
Easiest way is to look at a website of a rental house and charge something similar
@nathanmodl Жыл бұрын
@@Filmmakingmentor Thank you!
@Screamus10 ай бұрын
How do we know what to charge for gear?
@NickCutroneo2 жыл бұрын
Charging for gear is interesting. If you own the gear, do you still charge?
@NickCutroneo2 жыл бұрын
Well the video answered that question - but how do you decide on the fee to charge for equipment?
@Filmmakingmentor2 жыл бұрын
I have a newer video that breaks that down from last week.
@brianpimental29482 жыл бұрын
This happens in all trades.
@Filmmakingmentor2 жыл бұрын
Yea that’s true
@techwizja90862 жыл бұрын
15 YEARS AGO...!! I'm just thinking how far i have left to go ;(
@Filmmakingmentor2 жыл бұрын
Yea I’ve been at this for a long time
@techwizja90862 жыл бұрын
Bro I'm going thru all your vids u got me mentored fully
@michelemomo29782 жыл бұрын
Do you guys always hire an assistant/grip when using lights? I often work as a solo filmmaker for documentary/corporate work and I feel not comfortable to carry and set up lights meanwhile I have to focus on camera, sound, directing (and sometimes client talking to me). So I was thinking when pricing next costumers to offer lighting only with an extra budget for assistant-grip… or some basic lighting should always be included? What do you think?
@Filmmakingmentor2 жыл бұрын
I don’t do one person jobs anymore. I used to but it’s harder to charge the right amount and someone has to do eat too much, increasing the risk for mistakes.
@ThomasAndersonFPV2 жыл бұрын
Include it in your offer. Don't do the things you dislike and distract yourself. Works for everyone's benefit. Charge his hour rate 120%, and you gain from it even more.
@edgebel2 жыл бұрын
What about the competitors? You have to be in the market range. What’s the reason clients will pay 3x more?
@Filmmakingmentor2 жыл бұрын
Yea you do have to be in a range. But I’ve found that every real company that I compete with does exactly this same thing. In the freelance world, it’s harder. So I usually don’t complete on price as much and compete on skillet. Also once you specialize and become the market leader in the specialty, pricing competition goes out the door. I know a production company that can charge 5x what I can in one category, because they are the expert and well known for that style of video.
@Filmmakingmentor2 жыл бұрын
Also I should mention, I wasn’t suggesting 3x price. I’m saying to charge competitive rate for labor and gear, don’t do free work during pre-production and charge 20-30% profit margin which is what every service company in any location does to survive long term
@joshthornton2 жыл бұрын
How do you handle travel? A lot of my jobs are 1 hour to 2 hours away.
@Filmmakingmentor2 жыл бұрын
I used to change miles for it but now just include in my time and rate. So if the shoot requires 2 hours of travel, that is part of my time.
@Filmmakingmentor2 жыл бұрын
I found that if I account for good profit, these small amounts don’t make a big difference
@joshthornton2 жыл бұрын
Great, thanks for the advice!
@chadillaq2 жыл бұрын
How many businesses can afford a $5k video production? VERY FEW! How is 20% profit covering the 30% income tax? or self employment tax?
@Filmmakingmentor2 жыл бұрын
Well the profit margin is the only part that gets taxed and you won’t have self employment tax if you are an s-corp. the rest of the cost is a business write-off and you won’t have pay tax against it
@Filmmakingmentor2 жыл бұрын
And there is a huge amount of business that can and do pay 5k plus. It’s hard to get those clients as a single person video creator, but it’s all any production company I know does. We haven’t done a video for under 5k for nearly a decade
@chadillaq2 жыл бұрын
@@Filmmakingmentor Fair enough, I work with small businesses not big wasteful corporations so the budgets are definitely not the same.
@bullettin2 жыл бұрын
@@chadillaq It's not necessarily a "wasteful corporation" that has a larger budget. Any client should be paying for the value of the product you produce. If your work helps them make more profit, you should get a share of that by charging accordingly. Their image is directly affected by the content being produced.
@chadillaq2 жыл бұрын
@@bullettinI totally understand and agree but like I said, small businesses don't have those size budgets. $5k is a ton of money! that is 4 or 5 months of mortgage payments so to act like it is common for a daily shoot actually misleads the up and coming video entrepreneurs. Notice how I am challenging the message because it isn't realistic for most people building a business while working with other SMALL businesses. No one starts out and gets a $15k gig with Ford.
@MichaelJacky2 жыл бұрын
Yet most of the client's budget : $200-$500 this information is not down to earth
@Filmmakingmentor2 жыл бұрын
If you’re doing $500 videos, you’re working with the wrong clients my man. That’s why I make these videos. We all start making $500 videos. It’s all about how fast you realize that’s not normal. I’ve been doing this for 15 years. If you make a legit company and do this right, you’ll quickly see the average budget from the right client is 5k, not 500. If you keep doing 200-500 videos, you’ll always struggle making a decent living
@Filmmakingmentor2 жыл бұрын
Also, if someone is paying 200 for a video, they are 1000% taking advantage of you and you taking the project are 100% bringing prices down for everyone else.
@MichaelJacky2 жыл бұрын
@@Filmmakingmentor Perhaps cultural differences could be a factor since Arts generally worth a lot less in Asia. And in this industry, most of the high ticket clients are working with one or two big companies. It's a huge monopoly here so just like the smart phone market, it's hard to compete directly with apple so people ends up making cheap chinese made android phones. Plus I genuinely believe my clients aren't taking advantage of me, they're just broke af just like other SMEs. Rent and bills takes up to 70% of the revenue so they really don't have enough budget to do much.(But they still have to keep creating content like everyone else, kinda like telling people they are still alive)
@Filmmakingmentor2 жыл бұрын
Then you might considered finding another set of clients that can afford a different tier of video. I also never see video as art and more as a marketing/advertising tool unless I'm working on a film. Most companies will spend on advertising if they can justify the end result of that ad. I've literally seen companies in India doing animated marketing videos globally and making huge profits since labor cost is so low. There are always clients out there that will pay more. Finding them is the tricky part.
@emanuel_soundtrack2 жыл бұрын
If i give online lessons using my macbook, is ok to ask the institute to pay the insurance of this computer and repair/performance? i am not video maker, just composer, but wonder if the rules are similar
@Filmmakingmentor2 жыл бұрын
This usually doesn’t apply to computers for some reason. I would try to raise your rate in that case and build in the cost into your hourly rate for the computer expenses
@emanuel_soundtrack2 жыл бұрын
@@Filmmakingmentor yes i am doing in this direction. The ignorance of the employer about the fact that i ak being teacher AND technical assistant (when it comes to organizing online lessons in MUSIC alone) + counting just teaching hours and not the overall value+preparation/research + teaching, annoys me. But i am hired as "freelancer" this means i can set the basic fair rules still (but with risks of loosing the job....) He pays just the hour, as it were a normal lesson for a class from time to time. Thx!
@Kenny-Ross2 жыл бұрын
I need help. I just found your channel. A friend of mine asked me if I could do a video for his wife's shoe store. She saw a video I did of him training at his gym; he's a professional boxer. So he said we'll pay you for it. I said sure. This would be my first paid job. However, I'm trying to figure out which route to go. I was thinking a flat fee of $500 for the day including the editing process. But he mentioned she wants drone footage also (I just got certified so I'm able to do this). So with that included the price would have to go up. Since this is my first paid job I could charge $700-$800. But out of curiosity, what would you recommend? Should I ask him what their budget is and go from there? Or just charge them what I think it's worth? I don't want to undervalue my service just because it's my first paid job.
@Filmmakingmentor2 жыл бұрын
That’s sounds like a fair price if it’s your first job and you can use it as an example for upcoming jobs. But yes, it’s best to ask if they have a budget range in mind and you can offer them something within their budget. Sometimes, the budget will be higher than your rate and you can actually make more and spend more time on the video
@Kenny-Ross2 жыл бұрын
@@Filmmakingmentor Wow! Thanks for the response. I appreciate it! What if he says he doesn't have a budget in mind?
@Kenny-Ross2 жыл бұрын
@@Filmmakingmentor Another question, hoping you see this. What about doing the job first and then deciding on a price for it? If it comes out really good I could charge $700-$800 with no hesitation.