Jamie Korstrom
May 10th, 2011, 03:29 PM
Hey all. Bit of a lengthy post here but I'd appreciate any/all help. I'm going to try to provide as much detail as I can.
here's my situation:
I am new freelance guy trying to develop a business plan to find clients and be able to keep myself busy doing what I love to do, and make descent money, enough to support myself and continue enjoying what I do. I am a graduate from a broadcasting college in Winnipeg (june 2010). I did very well in school, and since then I have done a lot of volunteer work, being various videos shot and edited by me, which were all received very well from who I was doing the work for.
Recently I have been working very hard on developing proposals to send to various people/companies as potential clients. How/what to charge I suppose is always the most difficult thing to determine. In my case with the lack of experience, I think it becomes a matter of charging what's fair without undermining others in the freelance community.
Realistically, I'm going to be starting on small, simple, yet professional looking videos. Nothing that requires a huge crew, elaborate set ups etc. (although ya never know what might come your way).
Standard rates in Manitoba (as sent by a production company I did my practicum with).
CAMERA OPERATOR: full day $350-400 (ten hours), half day $275-285 (five or less hours). Anything over 10 hours gets charged 1.5X the equivalent of the full day hourly rate.
EDITING: typically charged by the hour depending on editing suite. $65-80 per hour.
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Now heres what I work with: Canon XL2 with tripod of course, sony wireless uwp-v1 mic, and a flourescent (5500 K) light kit consisting of 3 lights, soft boxes and reflectors and soon to have some amber gels for indoor lighting.
I edit using sony vegas platinum studio 10. I have a pretty efficient workspace with dual monitors, my editing is probably my strongest skill, and I know how to use key frame animation.
Despite my lack of experience, I feel I have good skills in shooting and editing, and I have nothing to gain from not working my butt off for every one of my clients. With that, I think I should start by charging the lower end of the spectrum at $350 for full day, and $275 for half day.
Without using a professional editing program and no after effects or pro animation knowledge, I think a fair rate would be $40-50 per hour for editing.
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I watched the video on importance of contracts last week. very informative, and to which I developed some of these ideas as well.
CLIENT APPROVAL/CHANGES/OWNERSHIP/PAYMENT
After reading a lot of freelance work, contracts, and talking to a few people in freelance, I've developed these ideas:
- 10% from total project value to be added as Administration/expenses related to project.
- Any minor changes taking less than a half day of editing is of no charge. BUT a one time thing.
- Any re-shoots (additional wanted footage) or editing chages greater than 4 hours of work will be charged the hourly equivalent rate plus 15%. One-time thing as well.
- Any changes that don't fall under the above points or new project will require a new pre-project plan, quote and contract.
- A 25% (of quote) cancellation fee for any project as well as full payment for all work done until cancellation point. Any money difference between cancel fee and deposit will be adjusted accordingly.
Here's one last thing I'd like suggestions on. DEPOSIT?
-50% of quote up front? Remaining balance paid when I give them finished product? And any changes requiring additional payment will need a "Changes" contract?
I think I'll leave it at that for now. Thanks to anyone who goes through this for me and gives some pointers, it truly is much appreciated.
Jamie
here's my situation:
I am new freelance guy trying to develop a business plan to find clients and be able to keep myself busy doing what I love to do, and make descent money, enough to support myself and continue enjoying what I do. I am a graduate from a broadcasting college in Winnipeg (june 2010). I did very well in school, and since then I have done a lot of volunteer work, being various videos shot and edited by me, which were all received very well from who I was doing the work for.
Recently I have been working very hard on developing proposals to send to various people/companies as potential clients. How/what to charge I suppose is always the most difficult thing to determine. In my case with the lack of experience, I think it becomes a matter of charging what's fair without undermining others in the freelance community.
Realistically, I'm going to be starting on small, simple, yet professional looking videos. Nothing that requires a huge crew, elaborate set ups etc. (although ya never know what might come your way).
Standard rates in Manitoba (as sent by a production company I did my practicum with).
CAMERA OPERATOR: full day $350-400 (ten hours), half day $275-285 (five or less hours). Anything over 10 hours gets charged 1.5X the equivalent of the full day hourly rate.
EDITING: typically charged by the hour depending on editing suite. $65-80 per hour.
**************************************************************************************************** ****************
Now heres what I work with: Canon XL2 with tripod of course, sony wireless uwp-v1 mic, and a flourescent (5500 K) light kit consisting of 3 lights, soft boxes and reflectors and soon to have some amber gels for indoor lighting.
I edit using sony vegas platinum studio 10. I have a pretty efficient workspace with dual monitors, my editing is probably my strongest skill, and I know how to use key frame animation.
Despite my lack of experience, I feel I have good skills in shooting and editing, and I have nothing to gain from not working my butt off for every one of my clients. With that, I think I should start by charging the lower end of the spectrum at $350 for full day, and $275 for half day.
Without using a professional editing program and no after effects or pro animation knowledge, I think a fair rate would be $40-50 per hour for editing.
**************************************************************************************************** **********************
I watched the video on importance of contracts last week. very informative, and to which I developed some of these ideas as well.
CLIENT APPROVAL/CHANGES/OWNERSHIP/PAYMENT
After reading a lot of freelance work, contracts, and talking to a few people in freelance, I've developed these ideas:
- 10% from total project value to be added as Administration/expenses related to project.
- Any minor changes taking less than a half day of editing is of no charge. BUT a one time thing.
- Any re-shoots (additional wanted footage) or editing chages greater than 4 hours of work will be charged the hourly equivalent rate plus 15%. One-time thing as well.
- Any changes that don't fall under the above points or new project will require a new pre-project plan, quote and contract.
- A 25% (of quote) cancellation fee for any project as well as full payment for all work done until cancellation point. Any money difference between cancel fee and deposit will be adjusted accordingly.
Here's one last thing I'd like suggestions on. DEPOSIT?
-50% of quote up front? Remaining balance paid when I give them finished product? And any changes requiring additional payment will need a "Changes" contract?
I think I'll leave it at that for now. Thanks to anyone who goes through this for me and gives some pointers, it truly is much appreciated.
Jamie