My main focus in the video production business would be to work out how I may use my talents as a video producer to take advantage money with the least amount of effort… all while building a business asset that will someday permit me to retire and travel the planet 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 2000 and the gross sales revenue for the company has grown by over 1200% in the same amount 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 back when i began this journey as a video business owner. The purpose I’m trying to produce in this article is that the turning point for my wealth and the success of my video business was when I decided to avoid pursuing wedding video business and to target 100% of my efforts on selling, producing and delivering corporate video presentations.
The very fact of the situation is that after you sell a marriage video, you’re asking a family group to offer money out of these personal checking account. Once you sell a corporate video, you’re asking you to definitely write you a have a look at of these business checking account.
The difference is that businesses routinely have thousands, tanitim filmi a huge selection of thousands, millions as well as billions of dollars they could tap into to be able to purchase your services whereas a family group (wedding client) usually has to get into debt to get your services.
Which band of people do you think provides the absolute most chance for your video business?
Centered on my experience, I’d vote corporate every time. Assuming you agree or at the very least that you will be interested in exploring it further, here’s some insight on making the transition from wedding videography to corporate video production.
Please keep in mind that I have nothing against wedding videography and I know that numerous of you decide on to make wedding videos because you don’t enjoy corporate video production. This information isn’t for you.
My uncle Grayson, also an entrepreneur, explained when I first started my video production business that I would always try to sell services that would enable me to take advantage money possible with the equipment/software I’d invested in.
He added that to sell services that were any less compared to most your equipment could produce wasn’t good business and would someday lead to trouble. I must admit that during the time I didn’t really understand what he meant. However, after all the lessons I’ve learned with my feet in the fire, I know without a darkness of doubt that he was and is totally right!
Your $5,000 video camera can be used to produce a $2,000 wedding video. It may also 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 are able to probably edit the marriage video in about 40-60 hours meaning if you work an ordinary work week of say 50 hours, you’ll have the ability to produce about $10,000 monthly in revenue for your business.