My main focus in the video production business would be to figure out how I can use my talents as a video producer to make the most money with the least amount of effort… all while building a small 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 began my video production business back in 2000 and the gross sales revenue for the business has grown by over 1200% in exactly the same period of time.
I’m not anywhere near 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 video business owner. The purpose I’m trying to produce in this information is that the turning point for my wealth and the success of my video business was when I decided to stop pursuing wedding video business and to focus 100% of my efforts on selling, producing and delivering corporate video presentations.
The fact of the problem is that whenever you sell a wedding video, you’re asking a family group to provide you with money out of these personal checking account. When you sell a corporate video, you’re asking anyone to write you a take a look at of these business checking account.
The difference is that businesses typically have thousands, firma tanitim filmi countless thousands, millions as well as billions of dollars they can tap into to be able to purchase your services whereas a family group (wedding client) usually has to enter debt to purchase your services.
Which group of people do you think provides the absolute most opportunity for your video business?
Predicated on my experience, I’d vote corporate every time. Assuming you agree or at least that you are 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 make wedding videos because you do not enjoy corporate video production. This short article isn’t for you.
My uncle Grayson, also an entrepreneur, said when I first started my video production business that I will always try to sell services that could enable me to make the most money possible with the equipment/software I’d invested in.
He added that to market services which were any less compared to the most your equipment could produce was not good business and would someday lead to trouble. I must admit that at the time I didn’t really understand what he meant. However, after all of the lessons I’ve learned with my feet in the fire, I know without a darkness of doubt he was and is absolutely right!
Your $5,000 video camera can be utilized to produce a $2,000 wedding video. It can be used to produce a $20,000 training video. The same goes for your editing system, software, etc. Assuming you’re a fairly competent editor, you can probably edit the wedding video in about 40-60 hours this means in the event that you work a standard work week of say 50 hours, you’ll have the ability to produce about $10,000 monthly in revenue for your business.