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June 4th, 2009, 01:44 PM | #16 | |
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Quote:
i think our industry has evolved considerably in the past years and if we keep pushing the quality and raising our rates associated with that, i think we will step back one day soon and see just how far we have come. P. P.
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June 4th, 2009, 02:03 PM | #17 |
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that's interesting to read thoughts from travis and patrick - i've definitely met togs who fit into each described category.
i'm slowly but surely learning the photography side of things with the 5dmk2. i may or may not get into it as i know my true passion will always be videography.... but it's exciting to think i could potentially look down both avenues, if i excelled in the field. maybe think of doing the same thing ethan - that way you could get the best of both worlds, and pick the industry you prefer! |
June 4th, 2009, 02:11 PM | #18 | |
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BUT I dont want to ruin your party by adding another 'pessimistic' thought, with the flood of 'great quality and user friendly' cameras such as 5D MII, dont you think it would become another new threat for videographers? Photographers starting to offer videography for value added services or there'll be a new wave of 'wannabe videographers' stating that they shoot 'cinematic wedding movies', just because they can shoot DOF now? Just my 2 cents, guys :D
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June 4th, 2009, 02:23 PM | #19 |
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Travis:
To clarify, IMO price and quality are not really related in the photography and video business if you throw out some of those performing on the high and low extremes. Sometimes you get an excellent product for a low cost and sometimes vice/versa. I have shot photography only for a few weddings and did both the video and photography a few times. Granted, Im not an expert wedding photographer, but my photography hard costs were not very high. I deliver a press printed coffee table book and a small/compact highlights album from these guys Photobooks with custom laminated covers by DigiLabs and the costs and book editing time spent are low for the great looking product you get. I also never spent any more time with photo clients than with video, and any engagement session is totally separate just like video. IMO photography is priced correctly and video is just plain priced too low because of the market. Anyway, I don't mean to argue, just saying where Im coming from.
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June 4th, 2009, 02:41 PM | #20 |
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Ethan,
I just had a bride ask for a discount on my $800 documentary package. Now, did I get mad? No, I just realized that she's not my client. There's no problem with that. You have to match your market. I have found that the upper middle clients that we serve with photo/video are extremely gracious and very cool people. When we book photo/video with the $800 package, I have 4 hrs editing wrapped in it. (just finished one I started at noon) and we have $2500-$3k in photography. Dont' sweat people that don't wanna buy what you're selling, just go find the ones that do. Bill |
June 4th, 2009, 03:29 PM | #21 |
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Patrick -
I think you misunderstood me. I wasn't trying to imply that photography was less profitable than videography. Certainly not! I'd be the first one to say otherwise. I'm simply wanted to point out that you can't just look at a photographer's fee and assume it's all profit, because it's generally not. I've seen brides make comments on The Knot about how $2k for a video is crazy, and it's because they are ignorant to the trade. I just would hate to see the same attitude going on here towards other professionals in the wedding industry. Ian - The '5D revolution' is still unraveling, but I'm not concerned really. As I just stated in my response to Patrick, photography by itself still generally has a higher profit margin than videography .. so financially it just doesn't really make sense for a photographer to try and incorporate video at this time .. especially since most of them would be learning from scratch. If anything, I think the 5D has aided videographers more than photographers. I also agree with Patrick that video has come quite a ways in just the past 5 years. I know 5 years ago it was totally unheard of to charge $3-4k for a video in my market. But I'm doing that now. The industry as a whole is gaining more popularity and legitimacy. I think partly this is due to the surge of quality and content improvements that many of us are bringing to the industry ... but I also think it has a lot to do with how the average person is responding to technology these days. Text and pictures are quickly becoming old school. Dynamic content is gaining popularity over static content. I think in another 5-10 years wedding video will have a much stronger position in the bride's budget. |
June 4th, 2009, 04:55 PM | #22 |
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Photo+Video=Good Times :D
We are a photo/video studio also.. so I can relate on this in many different ways.. In fact we jumped into photography even after having great success in our videography so that we could capture that market that says "photos first" and blow their budget with the photographer before they ever get to us.
in the end though the only thing that matters is your work and your attitude. Your work has to show up being worthy to demand a good price, and your attitude needs to affirm your work; let's look at Mike Colon for a sec.. definitely not the best in the world, although his attitude affirms his price. At 25K the bride gets excellent service, charisma and a nice album or two.. generally he includes a La Vie album, which will run him about $1000 each (I know because we also use La Vie in our studio). For us our prices are in the 3-6 range and don't differentiate video pricing from photo pricing.. they are the same.. however no prints or albums come with our photography so all that is extra for the bride.. therefore I would say we generally earn the same, but more work and time is needed (IMO) on the video side of things. Since we have incorporated Photo+Video our bookings more than have doubled.. photo+video packages are the most popular with a few single medium packages booked (usually video only). Its been a crazy process in which I feel our videos had to suffer a bit more than I had intended.. considering I needed to find competent help.. and unlike patrick I don't have Konrad and Borat. By the way I need to thank Patrick for helping us make the decision to include photography.. I'm sure had we not had that conversation a few years ago we would be kicking ourselves right about now (at least from a financial standpoint). |
June 4th, 2009, 06:23 PM | #23 |
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Ethan - I feel your pain. The state of the wedding videography industry, while still in the best condition it's been for years, is still a constant source of frustration for me.
Historically our industry has produced poor-quality, low-budget wedding videos. As a result, this has educated the general public, and brides in particular, that a wedding video is something not to be valued. Why expect brides to pay more for something they do not value in the first place? We need to infuse our work with value, and increase our prices, if we are to get the industry to the place we'd all like to see it go. I feel the answer for our industry is a combination of lower volume/higher price - plus continually improving the quality of work as we raise our prices. Over time this approach will change the perception that brides and the general public have towards our industry. If your business is higher volume, I would suggest implementing some sort of 3 year plan to lower your volume and raise your prices in a sustainable way than ensures you stay in business. Doubling your prices, if you are solely dependent on video as your main income, is a big risk. Raising your prices over time, along with natural improvements to the quality of your work, could be a viable strategy. I'm also part of a photo+video studio and I would say it's not about photography vs videography. I feel we should be educating brides that getting both photo+video tells the full story of their wedding day. The photo vs video mindset only holds us back, especially the animosity between photographers and videographers. Photographers can be our best friends (i.e. highest referrers) or worst enemies depending on how we treat them. We aren't only competing against photographers for a piece of a bride's budget, we are competing with every other wedding vendor. We need to be as high on their 'shopping list' as possible and establishing positive relationships with photographers would be one way to achieve that. When it comes to pricing it can be very frustrating. Katie and I can book a $5,500 photography package that is 1/4 of the work of an equivalently priced video package. Even with the hard costs of albums, prints etc ... we still come out way ahead. At the moment I'm charging $5,500 for a very short-form wedding film. In Australia, that is unheard of, and at the moment I'm not getting any takers. But, I can't bring myself to either lower my prices or compromise on quality and style. Even at $5,500 it's a bargain for the amount of time it takes and the quality of the end product. Why should I put myself through the blood, sweat and tears of producing a quality wedding film when I can do photography with Katie at a wedding, have a bunch of fun and generate a more substantial profit. Hope that helps, Matthew.
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June 4th, 2009, 07:13 PM | #24 |
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Hi Matthew,
Greetings from Sydney! :) I agree completely about how photography earn more than videography. Because eventhough they have all the hard cost and stuff, the amount of time to edit photos are very little compared to video.. not to mention rendering time. But I guess we could whine and whine forever about how photographers are much luckier than we are and it will do us no good. I agree with what matthew said that the only way to get through this thing is to educate the bride by feeding them great stuff.. and I mean great stuff. Matthew may I ask whether you're charging AU$5.5 k and give the B&G short form only? Because if you do, I think you're pushing it a bit too hard. They like to see that they are getting a lot with what they are paying. Ever since I introduced long edit and short form edit, my bookings has doubled. I don't charge AU$5.5 k but my price is not that cheap either.. but then again, you may have been doing this as well. just curious. my 2 millions. Santo
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June 4th, 2009, 07:30 PM | #25 |
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Hey Santo! Greetings from Queensland! I'll shoot you an e-mail or PM to continue this discussion on Aussie pricing. That way Ethan's thread won't get off track.
Cheers, Matthew.
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June 4th, 2009, 09:07 PM | #26 |
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No worriez matt,
One more thing guys, if we keep on feeding our kids with play station 3, wii, nintendo ds. do you think the kids on the neighbourhood who plays with them would still care about their old sega or super nintendo ? :P Santo
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If a picture is worth a thousand words, what about motion picture? website: www.papercranes.com.au | blog: www.weddingvideosydney.net |
June 4th, 2009, 11:51 PM | #27 |
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Ethan,
I feel your pain... It will change, but it will be slow. There has been a negative stigma surrounding wedding video versus an "aura of mystique" surrounding wedding photography. As more clients become educated on good vs bad wedding films, they will realize the value. There are alot of 'hacks with a handycam' out there. I've seen some demos that I would be embarrassed to give away for free, let alone charge money for. I recently embraced wedding videography as a branch of my business after years of avoiding it like the plague. It is because of the work that I have have seen by you and other leaders on here that inspired me to "embrace" weddings (that combined with the crash of my core business - real estate). I have over $30,000 worth of video gear. You know how much photo gear I could buy for that. I think some North American markets would support full time hi-end wedding work - not mine. It is just a segment of what I do. Seriously I would starve. Hang in there - but don't drop your prices. You're way to good for that.
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June 5th, 2009, 07:23 AM | #28 |
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Thanks for the responses guys, some interesting discussion going on here. Allow me to make a few points and clarify a couple positions.
1) My main frustration with the situation I pointed out in my original post was the gap in perceived value between the two mediums for comparable quality provided in the end product. I was never complaining about how much photographers make, rather how little we make in comparison on an hourly basis. If a photographer can pull down thousands per gig then more power to em, I just want to be able to do the same for quality work. 2) Part of our trouble is that we're well established in the middle class market due to our pricing up to this point in time. Our current middle class brides are telling all their middle class friends about us, but how do we get our name circulating in the higher rung who can afford to pay for where we're trying to go with our pricing? 3) Every time I consider adding photo to our list of services I immediately think about all the extra stuff they have to deal with on the wedding day. Through observation it seems to me that life is tougher for them in the dealing with people department. I've seen several treated poorly and put up with attitudes that would have me handing people their money back and walking away from the job. For whatever reason it just seems like people are harder on photographers than videographers. Anyone else notice this? 4) I've never for one second considered dropping my prices to lure a bride. My price is my price, take it or leave it. You don't walk into a store and ask them to drop their price cause you spent too much at another store. It's absurd and insulting. Speaking of which, have you seen this? http://www.youtube.com/v/R2a8TRSgzZY 5) For me I think the answer is to jack the prices up to match the quality and work on pulling in other types of video projects. If I can sell weddings for what they're worth then great, I'll do them, if not then oh well, I'll move on to other things. Of course if I can no longer pay my bills with this new strategy then I may reconsider.
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June 5th, 2009, 08:25 PM | #29 |
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Love the Youtube video from#4. It is soooo true.
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June 6th, 2009, 01:45 PM | #30 | |
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Hi Ethan,
Quote:
As for that youtube video - if potential clients don't see the value in what we offer its not their fault. Its ours. |
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