The Worlds Economy at DVinfo.net

Dany Badaoui · October 11th, 2008, 12:23 AM

I dont think i have to say too much but has anyone been affected lately by what is going on. I am a wedding videographer and its getting harder to find work, I had to tailor a new super budget package just to keep working.

I am just interested to know what is going on everywhere and hope it settles down soon.

Chris Hurd · October 11th, 2008, 04:36 AM

Moved to TCB.

Keep in mind that politics are strictly forbidden on this forum... proceed with caution,

Brian Drysdale · October 11th, 2008, 07:10 AM

During these economic "readjustments" companies and people withdraw towards their core requirements and the "extras" fall off the edge. People will reduce the frills, so may just go with the traditional stills wedding photographer and do a DIY video.

Companies and organisations will question the need to record an event that no one really looks at again, unless there's a real return on that investment. Advertising and PR budgets will be gone through carefully and everything will have to be justified.

Anyone purchasing kit will have ask the same questions, renting might make more sense for specialized kit or buying used kit instead of new.

The film industry has traditionally survived well through recessions and some of the best films have been made during these periods. How this manifests itself this time (with the new media and cable TV), during what seems to be quite a bumpy economic ride, remains to be seen.

Shaun Roemich · October 11th, 2008, 08:02 AM

It's during these trying times that "value added" becomes absolutely key to building strong relationships. I never give away the farm, nor do I lower my rates but I may offer incentives or do more hand-holding through the process than usual.

For example, I've approached one prospect and said "look, from the end of November until May 15th, I'm usually REALLY slow. I'm willing to offer a 15% discount on the full cost of my labour on any work we complete during this period as long as two conditions are met: we have a deposit structure in place and the billables for the period are greater than $x".

They are now looking at whether it is feasible for them to make a video six months earlier than they had intended. The work would have come to me anyway, all I'm doing is encouraging them to move it into an open time slot and free up a historically busy one.

Oh, and I'm still buying gear, I'm just looking for a lot more bang for the buck than I do in times of feast.

Chris Davis · October 11th, 2008, 10:58 AM

I'm still getting new clients and I'm still having difficulty finding new employees. We're in the middle of multi-year projects for two clients and neither has given any indication that they're pulling back or slowing down. Nothing's changed here.

October 11th, 2008, 12:23 AM	#1
Dany Badaoui Regular Crew Join Date: Sep 2008 Location: Sydney Australia Posts: 40	The Worlds Economy I dont think i have to say too much but has anyone been affected lately by what is going on. I am a wedding videographer and its getting harder to find work, I had to tailor a new super budget package just to keep working. I am just interested to know what is going on everywhere and hope it settles down soon.

October 11th, 2008, 04:36 AM	#2
Chris Hurd Obstreperous Rex Join Date: Jan 2001 Location: San Marcos, TX Posts: 27,368 Images: 513	Moved to TCB. Keep in mind that politics are strictly forbidden on this forum... proceed with caution, __________________ CH Search DV Info Net \| 20 years of DVi \| ...Tuesday is Soylent Green Day!

October 11th, 2008, 08:02 AM	#4
Shaun Roemich Inner Circle Join Date: Sep 2002 Location: Vancouver, British Columbia (formerly Winnipeg, Manitoba) Canada Posts: 4,088	It's during these trying times that "value added" becomes absolutely key to building strong relationships. I never give away the farm, nor do I lower my rates but I may offer incentives or do more hand-holding through the process than usual. For example, I've approached one prospect and said "look, from the end of November until May 15th, I'm usually REALLY slow. I'm willing to offer a 15% discount on the full cost of my labour on any work we complete during this period as long as two conditions are met: we have a deposit structure in place and the billables for the period are greater than $x". They are now looking at whether it is feasible for them to make a video six months earlier than they had intended. The work would have come to me anyway, all I'm doing is encouraging them to move it into an open time slot and free up a historically busy one. Oh, and I'm still buying gear, I'm just looking for a lot more bang for the buck than I do in times of feast. __________________ Shaun C. Roemich Road Dog Media - Vancouver, BC - Videographer - Webcaster www.roaddogmedia.ca Blog: http://roaddogmedia.wordpress.com/

October 11th, 2008, 07:10 AM	#3
Brian Drysdale Inner Circle Join Date: Feb 2006 Location: Belfast, UK Posts: 6,152	During these economic "readjustments" companies and people withdraw towards their core requirements and the "extras" fall off the edge. People will reduce the frills, so may just go with the traditional stills wedding photographer and do a DIY video. Companies and organisations will question the need to record an event that no one really looks at again, unless there's a real return on that investment. Advertising and PR budgets will be gone through carefully and everything will have to be justified. Anyone purchasing kit will have ask the same questions, renting might make more sense for specialized kit or buying used kit instead of new. The film industry has traditionally survived well through recessions and some of the best films have been made during these periods. How this manifests itself this time (with the new media and cable TV), during what seems to be quite a bumpy economic ride, remains to be seen.

October 11th, 2008, 10:58 AM	#5
Chris Davis Trustee Join Date: Jul 2005 Location: Willmar, MN Posts: 1,400	I'm still getting new clients and I'm still having difficulty finding new employees. We're in the middle of multi-year projects for two clients and neither has given any indication that they're pulling back or slowing down. Nothing's changed here.