What wedding production costs...
There are certainly other, different and alternate incidentals but I break down the average cost to produce an average wedding to this = $1,709.
And that is not figuring on two operators at the event for 8 hours, only 1; also only 30 total hours editing, not a possible 40 to 50 or more in some cases.
Anybody else care to add, share or take away from these figures?
Person hours 8 x $50 per hour = $400
Road time hrs 2 x $25 per hour = $50
Gas/car exp = $16 avg
Food = $20 avg
tape stock = $18
Editing 20 to 40 hours @ $35 per hour = $1,050 for 30 hours
Insurances = $20 avg per event, based on a $1K annual premium?
Electricity = $5 (no logic applied, arbitrary number)
Equip depreciation/wear = $25 per gig avg
DVD, ink, paper, cases = $5 per unit
Postage = $10
Web costs = $20 per gig avg est cost
Advertising = $20 per gig avg est cost
Space, office, room use = $50 per event/gig est
At $1,709 I'd have to make $50 per hour based on an estimated 38 hours
per wedding/gig to break even. Based on $75 per hour for 38 hours, I'd
be bringing in $2,850 - a potentially feasible/reasonable price point.
I'm not averaging this on weddings, and not too many others are either.
Essentially, we're all losing money on weddings that call for an
investment of 40 plus hours and are bringing in less than $3K.
This makes wedding video production truly a labor of love, no pun intended.