Videomaker – Learn video production and editing, camera reviews › Forums › General › Video and Film Discussion › What should I charge?
- This topic has 24 replies, 1 voice, and was last updated 8 years, 1 month ago by Anonymous.
- February 10, 2012 at 9:50 PM #43364AnonymousInactive
Hello! I found this forum on Google and I’ve seen lots of experienced people giving their advice here, so I thought I would try it out!
I usually charge $100/min of edited footage when I make promo or recap videos. (So a 5 min video = $500). That’s perfect for my target audience and the kind of videos I make. However, I was recently approached with a project that I am unsure how to price. Here are the details:
8 to 10 videos at 15-20 minutes each. The content is educational lecture. We’ll probably spend a day (8 hours) filming all the videos, then my guess is that it will take about 60 hours of editing to get everything put together within the next 3 months (I’m a college student with classes so yes, it will take that long). With my *usual* pricing formula, the quote could be like $15,000!!! And that’s way out of my client’s budget. I understand that the editing for these videos will actually be minimal compared to my usual work :::::: https://vimeo.com/17085389 ::::: so it will cost less. But I also don’t want to be taken advantage of.
If you need to know anything else, please let me know! Other than that any advice is very appreciated 🙂
@Mike, That’s a brilliant website! Thanks for the link! I’ve always been slightly opposed to hourly rates only because I was living in a college dorm and my hours would often be interrupted by roommates or other things. But now that I have my own office space I think you’re right, I should consider that! I think $50/hour sounds reasonable… here’s my equipment list:
Panasonic GH1 with multiple lenses
Canon 550D with multiple lenses
Tripods, monopods, etc.
Boom mic, lapel mic, hand-held mic + Zoom H4n Recorder
Adobe CS5.5 on my 27″ iMac (I also have FCPX, but I prefer Adobe…).
I’m kinda impressed with the amount of gear you have for a beginner, so to speak. That’s more than what most people use unless you’re borrowing or renting all that. All I can tell you is what I charge, which is the best way to come up with prices. Try and find people who do w the kind of work you do and see what they charge. I’m at 125 hour for shooting and 85 an hour for editing. So far no one complains 😉
I have so much equipment because it’s all I ask for on christmas lists, birthday lists, etc. and all the money I make from video production goes right back to buy more equipment 🙂 You could say video is my life… because it is at the moment.
Oaken Beeson, where are you located? That might make a difference. I feel like if I charge that much people might not take me seriously. But then again I’ve never tried. Also I’m only 21. I’m located in Milwaukee WI.
I decided to charge $2500 for the entire project.
You have to ask yourself, too…Do you want to do this work at these rates? Word gets out and you will probably get referrals that you may or may not want to commit to. Can you sub the work out (supervise it) and then mark it up X% ?
I think your price is reasonable for the time you estimated. This project will add to your portfolio so you can show the next potential client what they will get for their money and your time.