Richard Alvarez
February 29th, 2008, 01:33 PM
Jay, I'm not attempting to 'twist' what you said, and it IS a poor analogy because an automobile dealer is a retailer of identical wholesale products, while a video producer is custom making an item, and providing a service for a client that will NOT be identical to his competitors. It's an apples/oranges comparison which is why its not really that accurate.
My point is that this thread has evolved/devolved into a discussion of two basic points or questions.
"To what extent can/should one 'standardize' the cost of a video production?"
and
"What elements might cause one to deviate from such 'standardization'?"
The answer to the first is - to the extent that the product itself can be 'standardized', then one might 'standardize' or fix ones prices. A wedding videographer for instance, might state "We deliver a one hour wedding video that includes these standard elements, for this standard price." Because the elements are kept more or less strictly controlled, the price can be more or less strickly determined. Again, this is easier to do with some sort of standard, 'repeatable' product like a wedding video. If one were to apply the approach to say - 'how to' videos, or 'Testimonials' - again, you could standardize your rates by already knowing in preproduction how much time, and what elements will go into such a product. Even so -it helps to give oneself a bit of negotiating room to work with contingencies. In the wedding videographers marketing - "Basic wedding packages begin at X dollars" or in my case, "This sort of production runs between 1-2k per minute".
The answer to the second question - "What elements might cause a deviation" - most people can see the obvious. Extreme conditions, extra serrvices . You want me to fly to Costa Rica to shoot your wedding? THAT'S going to boost the price. You want to OWN the copyright, and use it in a documentary about marriage? THAT'S going to boost the price - You see how a different use for the same product, done legally can change the price of the services and product?. In terms of documentary/marketing videos - WHAT the client is going to do with the product CAN (doesn't always) AFFECT the price I charge. The USE of the product is just ONE of the mitigating factors that can alter a 'basline' or 'standard' rate.
At least, that's how I do business.
My point is that this thread has evolved/devolved into a discussion of two basic points or questions.
"To what extent can/should one 'standardize' the cost of a video production?"
and
"What elements might cause one to deviate from such 'standardization'?"
The answer to the first is - to the extent that the product itself can be 'standardized', then one might 'standardize' or fix ones prices. A wedding videographer for instance, might state "We deliver a one hour wedding video that includes these standard elements, for this standard price." Because the elements are kept more or less strictly controlled, the price can be more or less strickly determined. Again, this is easier to do with some sort of standard, 'repeatable' product like a wedding video. If one were to apply the approach to say - 'how to' videos, or 'Testimonials' - again, you could standardize your rates by already knowing in preproduction how much time, and what elements will go into such a product. Even so -it helps to give oneself a bit of negotiating room to work with contingencies. In the wedding videographers marketing - "Basic wedding packages begin at X dollars" or in my case, "This sort of production runs between 1-2k per minute".
The answer to the second question - "What elements might cause a deviation" - most people can see the obvious. Extreme conditions, extra serrvices . You want me to fly to Costa Rica to shoot your wedding? THAT'S going to boost the price. You want to OWN the copyright, and use it in a documentary about marriage? THAT'S going to boost the price - You see how a different use for the same product, done legally can change the price of the services and product?. In terms of documentary/marketing videos - WHAT the client is going to do with the product CAN (doesn't always) AFFECT the price I charge. The USE of the product is just ONE of the mitigating factors that can alter a 'basline' or 'standard' rate.
At least, that's how I do business.