If you are wanting real testimonials, you should only shoot people that have tried and like your product. Grabbing people off the street, giving them a script to read and calling them testimonials is not the proper way to go about this. Do you have customers that are willing to go on camera to talk about how great your product is? If not, you either have a bad product or you need to ask some of your customers if they would mind going on camera.
Promoting your business with fake testimonials is a recipe for disaster. Also, $500 is pretty low for a professional videographer to coordinate, shoot, edit and deliver (5) 1 minute videos. Industry standard rates should fall between $1400 and $2000.
Kris Simmons
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http://www.MindYourVideoBusiness.com