budgetI talk with many prospective clients who express interest in producing a video for their business. When all the discussions are over it’s time to sit down, fill out my budget, and submit the proposal to my contact. The cost of a video production is affected by several factors and so the budgeting process must be thought out very carefully. Otherwise, it can be easy to overlook certain items.

I have created a spreadsheet that itemizes just about everything that one could possibly have on a shoot. Those items are divided into categories for easy reference (Creative Fees, Crew, Per Diems, Travel, Editing Fees, etc.) One column lists my estimated costs and another column lists my actual costs. That way, at the end of the shoot I can compare both columns to see how accurate my original estimate was.

The main thing to do when budgeting a video shoot is to prioritize. In part one of this two-part series, I want to cover what I believe are your top priorities when creating a budget. In part two, I will go over those items in the bid that can easily be overlooked. Here are my suggestions:

Estimate Your Time

Start with yourself. Think about the amount of time that you will spend on this video project. Obviously you want to include the amount of time in production , but you never want to neglect the time you invest in the pre-production and post-production stages. Pre-Production includes conceptualization and scripting, scheduling the shoot, meeting with the client, scouting, meeting with the talent, and meeting with your crew. You’ll spend more time in pre-production than you might think, so budget accordingly. Post-production not only includes the time to edit, but it also includes your time to record the voice-over, meet with the client to go over the edit and make necessary changes. I always like to pad my post-production budget to account for revisions the client might ask for.

Estimate For Your Crew

After you ensure that your time is reflected in the budget, you want to allocate monies for your crew. Surround yourself with quality people and the entire project will turn out much better. Think about how many people you will need and how many days you will need them.

  • If you aren’t as confident in your skills behind the camera, consider hiring a DP to handle the technical aspects of lighting, framing, etc.
  • If you aren’t as confident in your abilities to manage the project and handle all the logistics of a production, consider hiring a producer.
  • If you have on-camera talent, you might consider hiring a hair/make-up artist.

Aside from actual shooting days, will you need the crew to come in early for a tech scout? If so, make sure they are paid for their time. And don’t forget your post-production crew.

  • Will you need an assistant editor to help you with the final cut?
  • How about an audio engineer/mixer to record the voice-over?
  • Will you need to hire a graphic designer to create a custom disc label and DVD warp-around?
  • Will you need to hire a composer to write a custom music track?

Estimate Your Equipment

This is where you need to factor in the costs of any equipment rentals your shoot may require. Budgeting for a dolly or a camera jib will really increase the overall production quality of your video. In this category you also want to factor in the cost of your media:

  • tape stock or solid state media cards
  • hard drives
  • blank DVDs (for when you need to send your client copies of the video for review)

Check back in on Monday, August 10 for part two on how to create a video production budget.

It can be incredibly monotonous to sort through raw footage, especially if the director of photography has failed to properly prep and label the tapes. Imagine sitting at your work station trying to organize footage that has broken time code, mismatched labels (or worse yet, no labels at all), or labels with incredbily vague information (like “Tape 1.”) Any good cinematographer should always think of the editor when prepping for a shoot. It will make post-production a much more efficient process. Here are some important tips to remember:

  1. Pack Each Tape - When you unwrap a brand new tape, fast-forward all the way to the end, then rewind all the way to the beginning. This method of “packing” the tape is much like an athlete stretching before an event. It will help prevent drop-out and digital artifacting.
  2. Stripe Each Tape - Pop the tape into the camera and roll about 15-30 seconds of color bars and 1KHz audio tone. This will help the editor calibrate his/her equipment before capturing the footage.
  3. Label Each Tape - It’s amazing how often people simply forget to label the tape, or they neglect to put enough information on the label. Always label both the case and the tape itself. On the label I like to write the client’s name, the project name (and a project number, if applicable), the date, and the tape number.
  4. Preset the Timecode - Set the “hours” mark of your timecode to correspond with the tape number. Tape #1 should be, “1:00:00:00,” Tape #2 should be, “2:00:00:00,” and so on. That way, when the editor is looking at the footage in studio, he/she can tell instantly from which tape a particular scene came. Also, if someone ignores tip #3, an editor will know instantly what number tape he/she has in the deck.

Video Production is a collaborative process and a professional courtesy is always appreciated.

There’s a fine balance that has to be made between delivering a high-end product and maintaining a budget that your client finds reasonable.

Let’s say you’re getting started in your video production business and you need to keep your production costs low to attract new clients. However, you also want to create content with high production values to give the appearance that your client spent more than they actually did. You always want to go for the “wow” factor. So, how can you create videos with great production value while working with a modest budget?

  1. Learn everything you can about proper cinematography techniques. One of the easiest ways to make more aesthetically-pleasing videos is to know the basic concepts of cinematography. Video production is a craft. Don’t think that you can pick up a camera and then point and shoot. You have to learn about composition, framing, camera movements, lighting. You have to learn all you can about the camera itself and its functions. Don’t take this first lesson for granted. This is a necessary pre-production task that won’t cost you anything but time, but it’s the foundation for better looking productions.
  2. Capture good audio. Nothing spoils a video faster than bad audio. Make careful considerations regarding your locations. Scout them first. Listen for anything in the vicinity that could cause a problem for your audio track. If you can, hire an experienced audio mixer/boom man for your shoot. Even if the crew consists of just you and the sound guy. Trust me, it will be worth it.
  3. Keep the crew to a minimum. Your production budget can really spin out of control once you start adding on grips, audio technicians, editors, etc. When you’re starting out, you will need to function as producer/writer/director/DP/editor in order to keep your costs down. However, you have to concede the fact that while you’re on location you won’t be able to do everything yourself. Start off by hiring one assistant to help you with gear. A fair rate for this individual is anywhere from $200-$350 per day, depending on his/her experience.* (a day rate is based on a 10-hour day. You can pay your assistant a half-day rate if you are on location no more than 5 hours.)
  4. Develop a shot list. This is a no-cost pre-production task that will save you time while on location. Each shoot needs to run as efficiently as possible. Time is money. So, always write out a shot list before arriving on location.
  5. Rehearse before shooting. The less tape you use, the less money you spend. The less footage you put on your P2 card (or other solid-state media), the less space you take up on your hard drive, meaning less money. So, always rehearse with your talent before shooting. Go over the action and the camera moves. Make sure everyone is clear on what’s to happen when the camera rolls.
  6. Take advantage of DIY techniques. High-end productions utilize dollies and cranes to create smooth camera movements. Those movements look very professional on screen and ramp up the production value of any video. But that equipment costs money - a lot of money. But have no fear. There are a number of wonderful do-it-yourself resources on the web for creating the same professional look at minimal cost. Just look at our previous post about creating a dolly move without the use of a dolly. Also look at tutorials from sources like Triune Films and read DIY stuff from FilmmakerIQ. Here’s a quick tutorial on creating your own camera car mount.
  7. Invest in stock footage. This will be a rather pricy upfront cost, but the resource will quickly pay for itself. Let’s face it - Shooting at the beaches of Mexico would be too expensive. Grabbing that aerial shot over the Colorado Rockies is probably out of reach. But, if you had a library of stock footage, you could quickly plug in that aerial shot when the subject matter calls for it and by doing so you can instantly increase the production value of your video. A good resource for stock footage is over at Digital Juice.

There are a number of ways to keep your costs down while giving your client a video that “wow’s” them. All it takes is a little imagination and resourcefulness. And as your business gains momentum, you can start investing in bigger crews, better cameras, and additional gear.