April 11th, 2006, 03:05 AM
Just wondering what the professional standard rate for:
Music Videos for unsigned bands
I'm trying to get a part time business off the ground and am looking at price determination for a semi-professional yet high quality project. Keep in mind, this is coming from a teenager still living with his parents, I'm really only looking for money to purchase leisure goods and start up a nest egg for any feature projects I might pursue...The issue of $1000 for one screen minute is phenomenal for me, Something around $100 would suffice me.
I'm not too confident about tackling Wedding/Barmitzvah videos just yet...Can good results be achieved with these with a one-man crew/single camera or should I not even try?
April 21st, 2006, 11:35 AM
I see no one has come forward to offer you advice. I teach students not much older than you and I tell them this:
When you are starting out...
1. Donít take projects that you can't complete.
2. If the work is for a private citizen, find out how much they want to spend
and work for that money (or not).
3. If you work for a business, initially set your rate at around 250/day. It's a solid figure that is tried and true in this market and others for new shooters.
4. Always get half of the cost of the production before you shoot. Unless you have a good working/paying relationship with that client or they represent the potential for more shoots, like network gigs etc.; collecting the back half when you turn over the product.
5. Try to develop a 'proposal or treatment' for each client after your initial production meeting, not a contract. That way everyone knows what is expected of him or her.
It's important that you try not to turn down projects over money issues when you first get started. Remember, every piece you put on tape will make you or break you, do as good a job on the $100 stuff as you do on the more expensive stuff.
Good luck man, as you gain experience and reputation your rate will go as high as you want.
April 21st, 2006, 05:53 PM
Thanks a lot!
Money isn't really that much of an issue for me as I'm living at home, but I'd like to earn something. When it comes to corporate stuff, $250 a day for the shoot, but how do you measure the editing hours? $250 a day for that too?
April 24th, 2006, 10:30 AM
You could charge that sure... but if you are very confident that your editing is 'top notch' (better than most in your market) then you can set your price at whatever you wish.
Just be sure to do it in advance and look closely at the amount of editing time you think it will take to finish the piece.
The best editors in my market make upwards of 350 to 450 per hour, but they have people paying them who expect to pay that type of money. And many national/international pieces to there credit.
Be flexible, work with your clientís budget and give them more than they think they are going to get. After you have had some success, then set your editing rate to reflect it.
You can get top dollar for editing if you have the reel and the client list, work good and hard to develop those two things.