Just a question for all the video editors here (namely hotwire)...
If you don't mind telling, how do you structure your pricing?
I'm 18 and leaving for college in 2 weeks, and I'm starting a business with my dad and a couple other people...and I just finished our
website. (yes I know the site isn't html-friendly. I'm a video editor, not a web designer...)
Anyway I make really good money right now doing this work, but I always think I could be doing better. I have set pricing for weddings and photo montage videos, but all other video work (corporate, commercials, etc) I charge by the hour. I've been surprised at the willingness of my clients so far to pay $20-$25/hour, but my dad and I both agree that I should start charging about $35/hour through college.
Do you guys charge by the hour too, and if so, how much can you reasonably charge at your age? If not, do you just give the client a quote for the project as a whole?
Ok, while I'm here I'll participate. I'll have some pics tomorrow, but here's my setup/equipment list:
Powermac G5 dual 2ghz, 2gb RAM, 800gb HD space
Dell 2405FPW 24" LCD Monitor
Logitech MX1000 Laser Mouse
Klipsch ProMedia 2.1 Speakers
Canon GL2 MiniDV camera
Bogen 3221 Tripod w/ 501 head
Sennheiser G2 wireless lav mic w/ XLR plug-on transmitter
Audio-Technica AT3031 cardiod mic
Beachtek DXA-8 XLR adapter
14" TV/DVD combo preview monitor
Epson R200 CD/DVD Printer
Canon Digital Rebel XT camera w/ 18-55mm kit lens
Sigma 70-200 f/2.8 Zoom lens
And the other member of our company owns/has access to 2 more GL2s, more tripods, tons of mics and multi-track recording equipment. Not to mention an amazing voice over talent...
This post has gone on entirely too long, so I'll stop now
