When you say "junior editor", are you referring to freelancers or ones that work for companies?
It applies to both, though staff positions are very hard to find and will usually pay less than freelance rates.
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When you say "junior editor", are you referring to freelancers or ones that work for companies?
Where do you work out of to be able to charge that much? I think a big problem in Vancouver is that it's over saturated which drives down our rates considerably. I have a hard time finding anyone that pays more than $25/hour. Also, check your PM's.
Nope, it starts with a V. Are you in the Vancouver area as well?
It was tough finding work from the get-go and so I put in extra effort to "wow" them. Now, that "wow" factor has become a standard. It's certainly my fault for putting myself in that position, but I needed the work.
Fortunately, I have a stable income outside of this. I do these side gigs for this company for extra coin. They've already bitched at me once stating that it was taking too long for them to receive a segment I had been working on. I straight up told them to "use a different editor then."
Why is Vancouver your market? I've got guys in Singapore that make four times the amount you charge.
Yup, I'm in Vancouver as well, and yes I've noticed a lot of those type of really low ball jobs.... but I imagine there are a lot of those anywhere.
I think it really varies here... as an editor, my "low" rate is 27/hour, my average probably around 35. I am primarily a shooter though, and make substantially more there. I usually only take edit jobs if I've shot it as well.
My comment about screwing the market wasn't intended to be harsh. In hindsight, do what you're comfortable with.... some people shop at no frills, some shop at wholefoods.... my sense is that you're not happy with the situation - if you're not happy, and you're not dependent on this income right now, then let it go... life is too short. If I were getting paid what equates to 10ish a hour, I'd have to really believe in the project (and if I did, and all they had was that , I'd actually rather just work for free), or if I needed the money I would just go find some normal job so that at least I don't burn out creatively. That's just me though!
Based on what you've said about they've treated you, I wouldn't cross my fingers for any future growth there..... the company's model probably revolves around high turn over.
It's easy just say no to unrealistic requests, clients will always want you to work for less but you have to work out your baseline and don't go below it, that's the price of business. You'll lose some jobs but the upside is that 100 % of the jobs you do get you won't be screwed on if you stick to your rates. Anyone who successfully makes a living in this industry has to forget what the rest of the market is doing and price themselves sustainably or else go and get a second job perhaps flipping burgers and call this work a hobby. Also what is the return on investment for these videos, if they like your work and the end product is working for them then it's more profitable to stick with someone who is doing the job well than taking the gamble on finding someone else. I wouldn't do anymore 100 dollar videos, up your rates after you work out a good hourly rate and be prepared to walk away.
$ 100 dollars is an absurdly low rate for the work you are mentioning. I'd want ten times that and that would still be low. Editing s*** footage is harder than cutting something that was shot well to start with.
Starting out, you either pay for education or experience. For both comes a time, when you have enough of it to start earning.
MY wife is an editor (everything from crappy and badly shot corporate to high end commercials). In NYC the rate for editor is $500-750/day. On long term projects you get $3000-4000/week. If you are junior working on a project you love you can make as little as $1500/week.
Your job takes 2 days so even by junior rates you should walk away with $600.
That said, as a person who has hired my share of editors - good editors are NOT easy to come by mostly because they work ALL THE TIME. Decent editors are a bit easier but they will laugh at the lower end of the rate. Still, if i can get a decent editor to do a job i charge my client $1400 for $100, then why not? In other words, in the view of the company you are the $100/day editor and that will never change. Walk and get decently paid work somewhere else.
Again, unlike DPs who works sparingly, editors work ALL THE TIME. Think about it, i shoot a commercial and get paid for the day maybe for extra day of prep, then the editor gets paid for 1 week of edit and maybe extra few days for changes. So while a DP works 2 days max, the editor works 10 days. Of course that's reflected in the rates (DP making a few times what editor does) but still if you count the $ at the end of typical project, my wife walks away ALWAYS with more $$ than me.
MY wife is an editor (everything from crappy and badly shot corporate to high end commercials). In NYC the rate for editor is $500-750/day. On long term projects you get $3000-4000/week. If you are junior working on a project you love you can make as little as $1500/week.
Your job takes 2 days so even by junior rates you should walk away with $600.
That said, as a person who has hired my share of editors - good editors are NOT easy to come by mostly because they work ALL THE TIME. Decent editors are a bit easier but they will laugh at the lower end of the rate. Still, if i can get a decent editor to do a job i charge my client $1400 for $100, then why not? In other words, in the view of the company you are the $100/day editor and that will never change. Walk and get decently paid work somewhere else.
Again, unlike DPs who works sparingly, editors work ALL THE TIME. Think about it, i shoot a commercial and get paid for the day maybe for extra day of prep, then the editor gets paid for 1 week of edit and maybe extra few days for changes. So while a DP works 2 days max, the editor works 10 days. Of course that's reflected in the rates (DP making a few times what editor does) but still if you count the $ at the end of typical project, my wife walks away ALWAYS with more $$ than me.
Because he's talking about (I assume) the New York market where there is a need for editors. Plus, you have to be good at what you do to command those rates. They're not just handing out $700 day rate jobs to anyone with a Macbook Pro and a card reader.That's crazy! I wonder why it's so different here...
This is a good post and it really puts things in perspective. Especially the thoughts on the editing process and how much time it takes.
Because he's talking about (I assume) the New York market where there is a need for editors. Plus, you have to be good at what you do to command those rates. They're not just handing out $700 day rate jobs to anyone with a Macbook Pro and a card reader.
I mentioned it in the other similar thread.....the higher rates/better gigs come with time and experience. I stay *plenty* busy in the shadows of NYC. Tons of corporate work & reasonable rates. But it didn't happen overnight. (although many of my edits go into the night.....)
PS: OP, walk away from this gig! If you have the inclination....move!
Whoa Eric, this is not a fair statement. The "market" is the market. No one person is ever responsible for its movement. If you need work, take it...or someone else will. There is no honor in sitting at home because some guy on the internet said not to accept a certain level of pay.
Sadly, this is the current state of our industry People (clients) are spoiled and often expect an awesome project for little money. It is almost to the point of deciding if you even want to be a part of it all at times.
Keep your head up, establish rates you can live with and go find the clients. Maybe try to lower your hours in the current job? You might be over producing for the customer's expectations. If they cry then tell them it will cost more to put more time in. (the amount you are doing now).
Read this. Best advice you will get. You need to find out your Cost of Doing Business. C.O.D.B
http://blog.vincentlaforet.com/2013/08/01/how-to-succeed-as-a-creative-long-term-know-your-c-o-d-b/
Will check it out. Thanks!
And if anyone wants to check out my work, feel free to look here. I always like feedback and maybe it can help determine my self-worth:
https://vimeo.com/user407787/videos