To begin with, here are the basic costs.
1. Production costs
When getting video footage it’s crucial that you can deliver great quality video.
If you don’t know what you’re doing then the footage could be ruined. A good friend of mine tells me that if you want to do the music for a film you need to be making between £1000 – £2000. With a budget like that, making the video is just the beginning.
Also to work out how big your budget truly is, look at the video size, what kind of lighting you want, how many people are required to work and how many people should be on location. This doesn’t make much of a difference – but if for some reason the video won’t work then it’s time to have a fresh start.
What you need to do is spend a few hours just walking around. If you spend time looking at your film, you’re probably going to have more good footage than poor footage.
2. Production insurance
It’s one of the best investments you can make in your career. If you don’t take it seriously then it could cost you an awful lot.
You need insurance as a band. It’s as simple as signing up for the insurance company and providing the details.
The most important aspect of insurance is that all you have to do is cover yourself and anyone else working in your house. That’s it. That’s it.
The only cost a photographer makes is the cost of setting up the cameras and lenses. If your insurance requires one, then you need to get a camera set up anyway and set that up.
When you’re insured it’s easy for you to work without worrying about things. If you are insured, if something happens and you don’t pay the price, then the insurance pay out is 100%. It’s that simple.
Now I’m sure if you’re a photographer, you’re going to go in for the gold, but before you buy insurance make sure you think through the options and what happens if you lose it.
3. Production fees
Once you’ve set up your camera and set up your video camera, getting the footage you need is going to be expensive.
This is because film crews are paid on a flat rate of 25% – which is around £20 for a 10-minute clip plus a set up and £200 for a 70-minute clip (assuming you have 70 of
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