stefancolson
Well-known member
Another question... revisiting this thread... not necessarily how much you charge, but what would constitute a good reason to raise prices (not including gear upgrades).
What job would I have to land, or what approach/thinking can I apply to raise my rate?
when is it appropriate to go from x to 2x?
Raise your rates when you feel you've reached a new level of skill, when you are consistently cheaper than everyone else (you don't want to be the guy that undercuts all of the competition all of the time), when you are regularly being offered as much or more than your day rate (or when people never pause at your rate. If someone says yes quickly and enthusiastically then you probably didn't ask for enough). You need to know how your rates compare to your peers, what the rates and budgets are like for the types of productions you normally book, and charge accordingly.
Regular clients will accept rate hikes as long as they're justifiable, you do great work and are great to work with, and you still remain competitive. I usually will explain rate increases to repeat clients as increasing costs, better caliber crew as time progresses, and an overall increase in the quality of what I offer. Just make sure that if you show a client one of your older pieces that was for your old rate vs something recent at the new rate they can easily see the difference. That's what has worked for me anyway.
Does anyone have any advice for finding more clients? My new commercial and corporate reels I'm cutting kick ass and should be among the best in the area for owner/ops (obviously I can't compete with production companies that have motion graphics and helicopter shots, but in terms of composition and exposure and lighting I'm embarrassing the rest of my price range), but I don't have a network, just a few clients at the moment. I've tried asking on craigslist and looking for referrals, but I have no network. To be fair my networking skills are terrible? As an owner/op trying to get into more corporate and commercial work, how does one progress? How do you meet new people to work with. Again, I'm cutting reels that max out the quality of production viable at this budget level (near-perfect work within the context of the scale of the shot) so that's no concern.
Fwiw, I think $500/day with no gear is a very high day rate for someone just getting started. Unless you're luck you'll need to accept a loss and shoot on spec to start and make your money as an AC (which helps with networking, my problem is no one will hire me as an AC since I have no experience in that either).
$500/day for someone without a lot of experience and a track record is probably not going to happen much. I try to always consider things from the producer's perspective as well. If there's $500/day in a budget for the DP, then the project is costing thousands of dollars/day. The DP probably has a more direct link to the final visual product than anyone else, and as such is crucial to delivering a quality product. Why take a risk on someone that may or may not deliver when there are vets that can be hired for the same rate?
Quality is important, but it's far from the last word in getting work. It's more important to be able to prove that you can deliver consistently, on-time and under-budget. Once you're out of that first stage of your career skill is just a given, everyone has it. You make your money by being reliable, punctual, pleasant, and enthusiastic. Being among the best at what you do just ensures that you don't get canned for incompetence.
The networking question is heavily dependent on what you want to do. I don't really know the commercial/corporate world beyond some smaller freelance work, so I don't really know who you'd reach out to in order to make inroads there other than just cold-approaching agencies and production companies. As much of a long shot as it is, I've booked jobs after sending an email and a reel to the producer of a project I really wanted to work on even though I had no connections or ins. It doesn't work most of the time, but you only need one "yes' to make the endeavor worthwhile.