Everyone’s budget is tight. We run into it all the time. Business leaders want a professional video production, but they say they can’t afford it.
Video production costs are actually very reasonable these days. What would have run you 20-grand ten years ago costs half of that now. The average video we produce these days comes in between $4,000-$8,000. That’s a high-quality, professional video production.
Even so, I realize times are tough. Budgets are smaller and if you don’t have the money, you don’t have the money. That leads me to a couple of suggestions.
First, companies need to plan ahead. Research your video project in advance, keeping one eye on the next fiscal calendar. Get a proposal from your video provider before budgets are made so that you can work the production into it in advance.
“Hi Joe Video Producer, we’re working on next year/quarter’s fiscal budget and we want to have a video produced. Any way you could give me an estimate?”
Trust me, they’ll be happy to help.
Second, look for sponsors. Every business is different, but think about vendors your company works with and see if they have any interest in contributing.
“Hi Jane Vendor, we’re producing an online video for YouTube, other social media, and an email blast. We’d love to get a few of our vendors some exposure as well. If you’re interested in participating, we can do product placements for $100 or even interview someone from your company for $500 and include a few sound bites.”
Those are just random numbers I threw in there, but you get the point. Would that be tacky? I don’t know, you tell me. I’m just brainstorming here. Keep in mind, I’m suggesting contacting the vendors you purchase from, not customers you sell to.
I’m certainly open to other ideas. In fact, I’d love to hear how businesses are getting creative about paying for any content they’re creating… so let me know!