My main focus in the video production business would be to work out how I may use my talents as a movie producer to make the most money with the smallest amount of level of effort… all while building a business asset which will someday let me retire and travel the entire world while I’m still young enough to truly enjoy it!
My own income has increased by about 750% since I started my video production business back 2000 and the gross sales revenue for the business has grown by over 1200% in the same period of time.
I’m not anywhere near to my definition of wealthy but I’m a heck of a whole lot closer now than I was 9 years ago when i started this journey as a movie business owner. The idea I’m trying to create in this article is that the turning point for my wealth and the success of my video business was when I decided to prevent pursuing wedding video business and to concentrate 100% of my efforts on selling, producing and delivering corporate video presentations.
The very fact of the matter is that when you sell a marriage video, you are asking a household to offer money out of these personal checking account. When you sell a corporate video, you are asking anyone to write you a have a look at of these business checking account.
The difference is that businesses routinely have thousands, kurumsal tanitim filmi hundreds of thousands, millions or even billions of dollars they are able to tap into to be able to purchase your services whereas a household (wedding client) normally has to enter debt to buy your services.
Which group of people do you think provides the absolute most opportunity for your video business?
Based on my experience, I’d vote corporate every time. Assuming you agree or at the least that you’re enthusiastic about exploring it further, here’s some insight on making the transition from wedding videography to corporate video production.
Please bear in mind that I have nothing against wedding videography and I know that lots of of you decide on to produce wedding videos because you do not enjoy corporate video production. This informative article isn’t for you.
My uncle Grayson, also an entrepreneur, told me when I first started my video production business that I will always sell services that would enable me to make the most money possible with the equipment/software I’d invested in.
He added that to sell services which were any less compared to most your equipment could produce was not good business and would someday result in trouble. I must admit that during the time I didn’t really understand what he meant. However, after all the lessons I’ve learned by having my feet in the fire, I know without a darkness of doubt he was and is completely right!
Your $5,000 camcorder can be used to make a $2,000 wedding video. It can also be used to make a $20,000 training video. Exactly the same goes for the editing system, software, etc. Assuming you are a reasonably competent editor, you are able to probably edit the marriage video in about 40-60 hours this means if you work a normal work week of say 50 hours, you’ll have the ability to produce about $10,000 monthly in revenue for the business.