Videomaker – Learn video production and editing, camera reviews › Forums › Specialty Topics › Wedding and Event Video › Actual wedding production costs › Don’t take me wrong here,
Don’t take me wrong here, I am just trying to learn a little more about this industry, but…
I see that yall are talking anywhere between 4 weeks and a year to have a finished wedding video, that apparently actually only takes 50 hours or so of time. I dont understand. So yall get a job, film it, and then wait weeks or even months before you bother to edit it? Dont customers get mad?
I am in a similar industry, we have a customer place an order, we create the artwork usually within a few days, sometimes within hours of the order beingplaced, we send our customer a proof, they approve it usually within a day, and weproduce the product the next day.Our typical turn around time may be anywhere from 2 days to a week – and they STILL get mad because we are so “slow”.
It seems that a one person business would turn around a wedding video, based on the info that yall have presented here,in a week or a week and a day (48 hr total man hrs). It’s not like you are having to send film off to a processing lab or anything is it?
Also, for a one or two person business, I don’t understand why you cost your labor at $25-$50/hr. Our labor costs run half of that. For accounting purposes shouldn’t you use actual labor cost (like if you pay yourself $50k/yr that would work out to $25/hr) and anything above thatreal life salaryis the profit and not “cost”? So the first example on this thread, about $1,500 of the “cost” is actually labor at $50/hr – but surelyyoucan hire people for less than $50/hr – so maybe the real labor “cost” is only $750?
I once had a friend who worked for a office supply store, he was trying to get me to purchase paper from the office supply company, but quoted me a price that was twice the price that I could purchase it as Sams for. I told him that, he pulled out this spreadsheet that had a collumn that read “cost” and told me that he was offering it at only $1 per case over “cost”. I noticedthe figure in the first collumn that had a much lower price and then several other collumns that had other amounts. I asked him what all that ment. He explained that the first figure was what they actually paid for the paper, the other collumns were what they added to that figure (overhead, commission, warehousing costs,company profit, bla bla bla)to comeup with the actual cost. I had to explain to the guy that what he was actually asking me to pay was a dollar over “suggested”retail price not over cost. Cost israw cost actually paid for raw materialswithout overhead or profit – if you add in overhead and profit then that is retail price.That company went out of business about 4 years ago.