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November 16th, 2006, 01:16 PM | #16 |
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Weddings are not money makers
In general, with a few exceptions, weddings are not big money makers. Consider this; even on a one camera basic shoot for ceremony and reception means that day is out for anything else. Also editing even a simple wedding takes 1 to 3 days. I am not sure about anyone else but I only expect 2 to 3 years life from a camera ($2k-$3k) and about the same from my edit suite ($3k-$5k). If you take in to account overhead, equipment costs and paying yourself, I would need to get minimum of $1000/day.
If I am editing footage shot by another videographer on my equipment then $1000/day would be the rate. The more experienced the videographer the quicker I can cut the project together. Bad shooting makes for longer edit sessions. Short answer is, you pay for what you get. Or the eternal video triangle ... Good, Fast, Cheap .... pick two.
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Devlyn Hukowich TwoBit Digital Inc. Video and Computer Geek P4 3.06GHz, 2GB RAM, Matrox RT.x100, dual head display |
November 17th, 2006, 01:32 AM | #17 | |
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Yes, the client provide for the music content. Since we are far from each other I usually send an evaluation video file through the internet. Once it passed their quality standard I then send the finished video. Its that simple process. |
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November 23rd, 2006, 04:18 PM | #18 |
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Charge what you think you are worth.
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December 13th, 2006, 01:26 AM | #19 |
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Thats more like it.
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December 13th, 2006, 02:15 AM | #20 | |
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im down with that rate, in need to roll on some new 20's for my bmw, i mean....after a week of editing at that rate, id get me new rolex submariner with ice of course while im at it.
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January 7th, 2007, 08:32 PM | #21 | |
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3 hours should equate to about 15 hrs of work for a full edit, but if you're doing "cleaning up" then should take a lot less. But I always find the 5 times the raw footage time = editing time, so you can just use that formula and divide it from the budget to figure a rough hourly rate. Roughly, the standard rates in my area ... $10-$15 - sleezball garbage companies - try to avoid, especially since you can make more in most restaurants LOL. $15 - very low $20 - average/most common, and even though you're still in school, you should be able to get this if you're reliable and goodn' all. $25 - also common $30-$35 - usually is the best case scenario for a high end videographer. In any event, $250 is way too low - you should comfortably make that in a day. But you are a student with a life to balance, so spread over three days ain't too bad, but just keep the rates above in mind when you get out. Also yeah, rates will vary by location - I'm in Philly, which is arguably the strongest wedding video area in the world, not to brag LOL. |
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January 7th, 2007, 08:39 PM | #22 | |
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January 20th, 2007, 09:30 PM | #23 | |
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Allen W |
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January 21st, 2007, 08:47 AM | #24 |
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Editor Rates
I have recently been quoted at $500 for my basic package and $1000 for my top package for editing by a post company.
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January 21st, 2007, 10:09 AM | #25 | |
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I think most home businesses are going to have some overhead that they need to consider. While all the numbers will vary between industries, I don't see how you come up with $1000 a day as what you need to make to do well. Working five days a week (shooting one and editing four) would mean you would need $260k to be 'a money maker'. When you average the cost of the cameras, audio, and computer equip over 2-4 years, it is not that huge of an expensive if your keeping busy, producing a good product and charging accordingly. Perhaps you could clarify your math. |
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January 26th, 2007, 01:37 PM | #26 | |
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Who really wrecked the industry? |
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January 26th, 2007, 06:38 PM | #27 | |
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By the hour or by the project. You won't see to many wedding editing jobs if you charge by the hour. I suggest that you charge by the project, taking into account the cost of living in your area. Also take into account the amount of cameras used. More than one camera used for a wedding can be a daunting task if the tapes are not time coded or at least if they are not running continiously together while recording. If you are willing to put in the hours, freelance wedding editing can be financially rewarding. Umm, let's see. You aggressively go after the local professional and amateur wedding videographer market and get two to three wedding edits per week at $250/wedding. You could then freelance other editing jobs and add DVD duplication and transfers to your list. That might bring in another $200 - $1000/week. You could offer different levels of editing with prices to match. It might be a good idea to find out how much the videographer charges for his weddings. Then you can negotiate a fairer price, up to 1/3 of their total. In direct answer to your question, I do this on a regular basis and average $450/wedding. This is in addition to my own weddings and editing services. Allen W |
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February 10th, 2007, 12:00 PM | #28 |
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I tend to agree strongly with Allen here. While I have no wedding or event experience, I do have a good editing and compositing background. And one thing I have always stuck to is charging by the project.
I once heard a story about a man taking his auto in for service. The mechanic opened the hood and after a quick look replaced a small wire. The car started and ran perfectly. When the customer was charged $100 he objected saying $100 for a wire was crazy!! The mechanic said the charge for the wire was actually $5 but knowing which wire to replace costs $95. You shouldn't ding your revenue if you are very good and efficient at editing. Also, you shouldn't charge excessively (by the hour) if you are not that efficient. The only problem with charging by the project is when I do work for someone I have not worked with before. If I'm not familiar with their skills then charging by the project will almost always end up being unfair to the PD or to me. In this case I set very clear expectations, review the raw footage several times, charge a flat project fee for a first edit and then charge by the hour for any additional work the PD wants done. As for the original question about charging rates - as previously mentioned, charge what you think you are worth. Another story (I'll keep it short)...I know a guy that used to "dabble" in wedding photography as a sideline to his day job. He was charging rates that were slightly below market average for the area but he was very, very talented. Initially he only wanted to do a few weddings per year and when he started booking more jobs then he wanted (had a problem saying no) he decided to drastically raise his rates - almost double! The result? He ended up booking so many weddings that he quit his day job (as did his wife) and now only does wedding photos. I know that's an extreme example, but it goes to the idea that price is often associated with quality (linear). If you're worth it, charge for it. |
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