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June 20th, 2012, 08:59 AM | #16 |
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Re: The art of quoting for new clients.
For now at least, I price the on location work as half day or full day (using my hourly rate to calculate). However, for work done in my at home studio/office, it's an hourly rate. I'm not packing, transporting, unpacking, repacking, transporting back home, a lot of gear.
Plus, I use a program that tracks time, along with generating estimates, and creating invoices. It's necessary to qualify your clients. Since I work from home, a lot of the inexperienced clients mistakenly think at first that what I charge is my salary. So I ask them, "Is what your company charges the customer your salary?" Then we have a short discussion about low overhead, not no overhead. It's like going fishing. Not every client is a keeper. You throw back fish that are too small. You throw back the trash fish too. Last edited by Roger Van Duyn; June 20th, 2012 at 09:10 AM. Reason: clarification |
June 20th, 2012, 11:00 AM | #17 |
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Re: The art of quoting for new clients.
I think that asking about the budget is mandatory.Its helps when it comes to managing the expectations of all parties involved. Also keep in mind that it is possible to lose business if your quote is to low. The client may start to wonder if your actually capeable of doing the job.
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June 20th, 2012, 05:29 PM | #18 | |
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Re: The art of quoting for new clients.
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June 20th, 2012, 05:32 PM | #19 | |
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Re: The art of quoting for new clients.
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Yes it was a fast and furious request. 4 days before the gig with a weekend in between. And yes they admitted at the start they didn't really know what they wanted. The requests kept changing, as did my quote in response and I know they just ran out of time so went for the cheapest without having time to come back to me. By the way, the "winner" had been hired by them before and so there was a level of familiarity about this whole deal as well. It was for a govt department. |
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June 21st, 2012, 10:33 AM | #20 | |
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Re: The art of quoting for new clients.
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June 21st, 2012, 11:22 PM | #21 |
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Re: The art of quoting for new clients.
Maybe it's different where you are, but if I tried to bill portal to portal here I would be laughed off the phone/out of the office/etc.
And I understand that. . .if I'm an hour away from the shoot location, why should they have to pay for that? That's not their fault. I think time of arrival on location is fair (as opposed to portals or from when you start setting up). If it takes two hours to get through security somewhere, that's something someone on the client end should have anticipated and dealt with. If I have to wait around for 5 hours between interviews (true story) because things weren't well organized, that's on them. |
July 2nd, 2012, 09:39 AM | #22 |
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Re: The art of quoting for new clients.
Josh, I still charge half-days and full-days on the production side. Half-days are around 50% higher than what two full-days would charge, since I could almost never shoot two half-days for separate clients. Last week I was even asked to split a half-day into two 1/4 days for the same price as a single half-day. When I mentioned set-up/strike time and travel, it made sense to the client why I couldn't meet that expectation and we negotiated a quarter-day rate.
As you can imagine, this is because of a scheduling conflict on their end, and it seems that the day-rate and partial-rates clearly put the onus on the client to schedule efficiently. I'm certain that if I charged hourly, there would be less potential $ coming my way, and everyone on-set would be looking at their watches instead of trying to maximize their investment. When I'm on-location, I'd just as soon be shooting something for the client instead of waiting around, and the day-rate structure sure seems to make this happen. |
July 2nd, 2012, 11:00 AM | #23 |
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Re: The art of quoting for new clients.
My travel time is on me. I go by When is crew call? OR What time do you want to start shooting and I back it out from there. I always figure at least an hour before the shot starts for call time. So for example, lets say it's a simple seminar. They're starting at 8:30AM and run until 4:00PM. OK first off it's day rate. Second, I want to be there at least 1 hour before start. I actually get there a bit earlier so I can park, load in, have a cup and not start sweating but for SIMPLE 1 camera, plug into the audio board no sweat seminars an hour is generally more than enough to do all of that. I don't play around. Get setup, have another cup, bathroom break, get set behind the camera. So I'm on the clock at 7:30. A 10 hour day and I'm off the clock at 5:30PM. This includes any downtime, strike, load out, whatever happens. It's less money for the client to pay me day rate than to pay hourly since they get a break on the day rate compared to the hourly times 10. Pretty standard in the industry. I almost always figure an hour of travel time in the greater Chicagoland area. You have to know the traffic though. I've gone downtown and left my place at 6AM to get there before the highways get all bottled up and thats for an 8:00AM call time. I'd rather sit around for an hour than be 5 minutes late. Obviously if I have to travel out of the area (another state, Wisconsin, Indiana, Michigan then it's figured differently).
Lots of ways folks figure their time but around here, it's most common to start with call time and go from their with travel time not being counted as part of the day. Of course every situation is a bit different so flexible is the key word along with knowing the area and how long it takes to get to where you need to be and how long it's going to take to setup. If it's not a seminar type gig or involves multicams or a crew of more than 2 than timing is different but for the most part it's as I stated. It's worked for me for a lot of years at least around here.
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July 2nd, 2012, 05:43 PM | #24 |
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Re: The art of quoting for new clients.
People around here seem to generally do their half day as two thirds, rather than half their full day. Btw that applies to labor only. Gear is always full day just like a rental house. Also gear doesnt get OT, only labor does. Although ive been thinking about discounting gear too on half days to make the rates more distinct from each other.
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July 8th, 2012, 09:19 AM | #25 |
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Re: The art of quoting for new clients.
I always ask what their budget is up front.
I tell them I need to know if they are looking for a quick web video or all the way up to a full Hollywood production style. I can do both and anything in between, I just need to know what they are looking to do. |
July 8th, 2012, 09:33 AM | #26 | |
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Re: The art of quoting for new clients.
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Some clients have no idea and their throwing out a number might reveal that. Embarrassing the client isn't good. Some clients assume if they'll give you a number that you'll target the entire amount. They may prefer hearing whether you're over/under and accept under or negotiate if over. Of course you may want to know what number they have in mind but it's best to get them to reveal that rather than force it up front in SOME situations. As per my previous post, I listen to the client first and then, based on my evaluation of them, I decide how I'm going to handle the "reveal." |
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July 17th, 2012, 10:36 AM | #27 |
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Re: The art of quoting for new clients.
I've always found it quite effective to provide two quotes to prospective new clients (on larger jobs at least), one that caters to exactly what they want/have scripted, and a secondary proposal that suggests a few smarter approaches that will simplify the shoot a bit and save them money that way whilst still getting their story/message across.
This tends to help bring out the discussion of exactly what the client wants to achieve from the shoot, and from there you can sit down with them and help them decide on exactly what they want, and run them through what that will cost. Because the process is more inclusive, I find I hear back from a much higher number of prospective clients than I do from sending out a single figure. Detailed cost breakdowns are also really important, production is such an expensive business, I find if you don't provide an explanation as to where all the various costs are coming from, you can often scare a client away (even when you're quoting on low margins). |
July 17th, 2012, 07:27 PM | #28 |
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Re: The art of quoting for new clients.
Funny you say that. I just did that, sort of.
Anyway, I was wondering what you think of the phrasing "what were you thinking of budget wise?" or "what did you want to spend?", something a little less predatory than "how much do you have"/"what's your budget". . .kinda asking what they WANT to spend vs how much they have. Really the same question, but a gentler approach. I get a fair number of inquiries; very few turn into actual jobs. I realize some of this is because instead of networking or word of mouth, these people come to me from ads I have on several sites, stuff you'd find by Googling "houston videographer" or something. I'm sure this attracts a different type of client than getting your biz via word of mouth, etc. Point is, I'd like to find out earlier if these people are way off on their expectations vs budget. What do you think of the above phrasings for finding out? I realize from their viewpoint it may sound greedy, but we can both avoid wasting each other's time and end things right there if I find out as early as possible that neither of us can accomodate each other budget-wise. |
July 18th, 2012, 01:08 PM | #29 |
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Re: The art of quoting for new clients.
Since my last freelance project I decided to come up with an Initial Meeting Agenda which includes budget. I will send this to my clients prior to meeting. This way they don't seem thrown off by having to think about these things and I'll be sure to have all the information I need to draft up a formal proposal/contract.
In terms of budget, I think they key word here is budget "range" and then offering them 2-3 different options that meets their highs and lows as well as outline what they get for their money. That way you don't seem like you are milking them for all they're worth and can negotiate by adding or eliminating services. As for half/dayrate, mine is 4/8 hours from arrival on set and will travel up to 1 hour/60 miles. Beyond that I will billed separately based on mileage. I also have a full time job, I don't include my commute in my hours and the company policy is 100 miles so I think my policy is reasonable. I posted my Initial Meeting Agenda on my blog but of course this is a general agenda and it should be cater to clients on a case by case basis. Please check it out. I'm still and will always be refining my process so any input you can add would be greatly appreciated. Initial Meeting Agenda | Fuglee |
July 18th, 2012, 01:38 PM | #30 |
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Re: The art of quoting for new clients.
Short version of what I do:
"Here's my number for what I'd like to do for you: $1,923,230.12.... if that's in a different ballpark than your budget, let me know what you have to work with and I'll put together a different option in that range."
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