Videomaker – Learn video production and editing, camera reviews › Forums › Specialty Topics › Wedding and Event Video › Actual wedding production costs
- June 19, 2009 at 2:16 AM #46907EarlCMember
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.
Yep, I agree wholeheartedly. The client is getting a steal anytime they book a sub-$3k package. It’s a pity that so many couples don’t see it that way.
I love doing weddings, but I’ve thought of getting out of it specifically because of the low perceived value. Recently, theweddingreport.com stated that 81 percent of brides hire a photog, and only 37 percent hire vidoegraphers. And when you think about it, most of those folks probably “had to” hire a photog, and only hired a videographer because they were convinced that it’s a good idea.
Sometimes I wonder why I do them, really. I mean, I have to convince the bride that Uncle Vinny can’t do a better job than I can, only to have them try and haggle over a price that’s already half of what I’m worth. Finally, the event comes, and instead of a weekend relaxing I find myself chasing bridesmaids and rescuing receptions from lousy DJ’s (it’s really happened!).
I love doing them though. I’m not sure why, but I do love them. 🙂
I was just at a pro video assn meeting last night (first time for me with this one) and one guy was saying his standard price for weddings starts at $1700 (he did one last month for $5300 however). The group’s moderator pointed out that in this economy, you take what you can get to keep the camera rolling – even as little as $500. I guess that makes sense but boy that comes out to very little $$$ for such an investment in time….
The only wedding I ever did was for a friend and I filmed for over 12 hours (spent the whole day with them as they prepared plus the ceremony & reception) plus well over 120 hours of editing (it had to be perfect as it was my gift). They loved it but I don’t know if I could do this for a living – I am way too much of a perfectionist and I don’t know if I could get what I wanted in only 30 hours (although there are some who have a model/template/formula they use that allows for a one day edit).
I’m just starting out and read your post with interest. I bought the equipment to start a part-time business basically to keep myself busy. It’s part-time and I enjoy shooting and editing. I have a full-time job so there’s no pressure to make the “big” money, but like anyone, I would like to pay off the equipment costs. What I found interesting was the tape stock at $18. I’m paying that per tape to feed my machines (Canon XH-G1S). Am I going overboard?
Wow, the G1s? That’s a beefy camera for a side hobby. I’ll be happy when I buy a set of A1’s.
I’ll be honest and say that I buy tapes on the cheap. For SD recording, I’ve always been happy with the 8-pack of MiniDV tapes they sall at Sam’s Club for $18. Works out to just over two bucks a tape, and I virtually never have issues (well, one of my cameras needs a head rebuilt, but that’s not due to the tapes as much as it’s Canon’s crappy heads on the GL series).
When I go HD, I doubt I’ll settle for those same tapes, but I don’t think I could ever justify spending $18 on a single tape, at least unless I was recording on some larger type of tape.
And I really really don’t want to derail the thread, but what exactly does the G1 have that the A1 doesn’t? Honestly, looking between the two, the stuff I see that’s different (genlocking, etc) is stuff that I really don’t see myself needing. But you’ve got a G1. Convince me I’m wrong 🙂
Wait, on second thought, answer my question abut the G1s vs. the A1s at this link, as to prevent thread derailment.