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Cynic821 said:12 seconds of footage for 25 bucks? no thanks, just a gripe i have with stock footage places. I want minutes, not seconds.
Its the same worldwide.
I do quite a few weddings and get many calls asking for a quote. When I tell them I will shoot the wedding and reception up to the speaches for £1250, they can't believe I could charge so much. I ask them who much the photographer has cost them, and hear often, £1200-1500. I tell them they are prepared to pay that, and the photographers day is over almost the minute he leaves the wedding, yet the videographer is not half way through the deal.
"But I have had quotes of £250" is the reply. "Then go book them" is my response.
Never bother to undercut the opposition. I know £1250 is the cheapest I will shoot a wedding. I don't want the hassle of shooting a wedding, with the stress and headaches of dealing with the brides mother, who expects a full epic with multi camera angles out of a single camera deal.
And let me tell you. I get plenty of bookings at that price. Stick firm, sell your business to them and they will pay the premium for your time.
mcgeedigital said:I don't leave the house for anything less than $50/hr., not including gear.
Nor should you.
hotchkiss said:10 hours x $50.00 per hour = $500.00 day rate. For an HVX package with support gear, that's peanuts for a full day rate. Maybe prices are alot lower in Virginnia, but even then that rate is pretty low. Charge by a half day or full day rate. Hourly is a recipe for poverty. If someone hires you for three hours in the middle of the day, your earing potential is gone for that day- outside of working for three hours. By the time you load the car, head to the shoot and wrap- three hours has turned into 4-5 hours. WOrking hourly is a bad way to go for your personal income as well as the health of the industry. Don't do it.
Something to think about.
Cynic821 said:Im curious what the going rates should be around exactly for videography. We might start taking jobs for it soon to help pay off the camera, with the laptop included we are almost at 12k so far (HVX/M2/500$ Sticks and Fluid Head, etc etc) We did get 1000$ for a DVD shoot plus royalties of said DVD but im in a special situation where i work for a DVD publisher, the DVD was already sold and we needed to shoot it and put on DVD. Took about 5 hours to shoot, and 12 to edit and get a final burn to DVD. So i think we got a good rate locked in there.
mcgeedigital said:I don't leave the house for anything less than $50/hr., not including gear.
Nor should you.
J P said:Not a union, but a pact between DVX/HVX users to insist on reasonable rates...
David S. said:But don't you establish a minimum shoot rate?
Like at least $300.00?
mcgeedigital said:I said WITHOUT gear. And yes, that is based on half day minimum. I just broke it down to hourly.
hotchkiss said:I don't have an HVX yet, so I haven't figured out the new rate yet. I'll probably have a SD and a HD rate. SD will be close to the current rate and HD will most likely be 200--300 hundred more. I'd like to hear others rationales and percentage increases for HVX rates. My thinking is that I need to account for the cameras increased price and the data handling required. Clients no longer have to pay for tape stock or digitizing, the latter is a huge savings. But, there's more work on my end and that's money to be made... Again, I'd like to hear others thoughts on HVX rate increases.
Anyone ?
dvInsight said:Barry's right, as usual. As an owner operators you not only have to think of paying back your camera and associated gear, but factor in the cost of maintenance, replacement (you want the next generation right?) and profit. So if you have an HVX package with 2 or more P2 Cards, decent sticks/fluid head, and maybe a matte box you are into it for about $10K. Being realistic it has a rental life of 18-30 months (sweet spot of 24 for maths sake). Let's add $100 a month for maintainance * 24 m for two years of maintainance, so you are up to $12,400. Now figure you want 20% profit on those costs. That would equal another $2,480 and now you are up to $14,880. Now add the cost to replace all the equipment again after two years so you can buy the new one (you really won't have to buy all new again, unless you are adding another package to rent) and that is another $10K. So you are up to $24,880 that you have to charge over 24 months (just for gear, using my really loose assumptions) to grow your little rental business. This would not yet feed & cloth a family. You still have to get your day rate to do that.
So based on Barry's minimum you would only need 4 camera rental days a month for
24 months to easily cover the above scenario. Now don't jump all over me because I left off the cost insurance, opportunity lost costs of initial $10,000, finance charges etc. You can easily add 20 more things this to realize that you should really be charging more for your gear than Barry's minimum. A $10K package should really be fetching $375 to $450 depending on the market.
And the part about cheap customers is 100% accurate. They are the ones who want to pick it up Thursday afternoon and return it late Monday morning, pay a day rate, want their nephews college student discount, and then think they should get an additional break upon return because the P2 "thingy" filled up during the wedding vows and the auto focus didn't work at the candlelit reception. Rent to pros, or to those who at least act professionally at professional rates.
Heck I tell some people to go buy a $300 - $400 camera at Best Buy instead of renting mine. When they say "but your stuff looks so beautiful, we want your camera." That is when I tell them that what they want is me and my camera and my assistant and then their project will look beatuful too.
Any way, listen to JP and Barry. Don't go cheap.
Rob