Garrett Low
June 30th, 2010, 01:08 PM
Hello everyone,
I'm very interested in hearing and learning about how all of you who started out in a different profession made the leap to doing production work full time.
Here's my situation. I currently am employed full time as an engineer and have been doing video production on the side for a number of years. It started out as a hobby to make some money on the side to help pay for the cost of equipment. For the last few years I've kept doing work work for a few steady clients mostly shooting events for them and doing some editing. Up until this February I also had a martial arts studio so I didn't really have any extra time to devote to video production as a business. In February I made the decision to close my martial arts school for some personal reasons and became "legitimate" in starting a production company (meaning I actually got a business license). I also began to do a little palm pressing and marketing for some new clients.
I am trying to make doing production work my primary source of income so that I can have a job that I actually like doing. I do have a family so I cannot up and quit my current full time job. So my question is how have others in my situation made the transition? Were you able to get one project large enough to allow you to make a leap or were you able to build up enough clients that could give you a steady income? For most of the projects I have now I bill out anywhere from $600 for a quick edit that takes a couple of days to complete to $3000 for longer term projects where I'll shoot and edit the video. At present pace I should be looking at between $30K to $40K in revenue this year. Due to time constraints and demands from my full time job I haven't had much time to do any real marketing. All of my "free time" is spent completing projects. Unfortunately my current income from doing this work is not sufficient for me to quit my job and since I have family responsibilities I am somewhat limited in the amount of risk I can take.
So, any advise on how to make a the transition into full time production work and how to most efficiently market would be greatly appreciated. I have not done any wedding videos and though I am not totally against doing them they have not been my interest so far.
Thanks,
Garrett
I'm very interested in hearing and learning about how all of you who started out in a different profession made the leap to doing production work full time.
Here's my situation. I currently am employed full time as an engineer and have been doing video production on the side for a number of years. It started out as a hobby to make some money on the side to help pay for the cost of equipment. For the last few years I've kept doing work work for a few steady clients mostly shooting events for them and doing some editing. Up until this February I also had a martial arts studio so I didn't really have any extra time to devote to video production as a business. In February I made the decision to close my martial arts school for some personal reasons and became "legitimate" in starting a production company (meaning I actually got a business license). I also began to do a little palm pressing and marketing for some new clients.
I am trying to make doing production work my primary source of income so that I can have a job that I actually like doing. I do have a family so I cannot up and quit my current full time job. So my question is how have others in my situation made the transition? Were you able to get one project large enough to allow you to make a leap or were you able to build up enough clients that could give you a steady income? For most of the projects I have now I bill out anywhere from $600 for a quick edit that takes a couple of days to complete to $3000 for longer term projects where I'll shoot and edit the video. At present pace I should be looking at between $30K to $40K in revenue this year. Due to time constraints and demands from my full time job I haven't had much time to do any real marketing. All of my "free time" is spent completing projects. Unfortunately my current income from doing this work is not sufficient for me to quit my job and since I have family responsibilities I am somewhat limited in the amount of risk I can take.
So, any advise on how to make a the transition into full time production work and how to most efficiently market would be greatly appreciated. I have not done any wedding videos and though I am not totally against doing them they have not been my interest so far.
Thanks,
Garrett