Pricing on Website for Videography Business

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I'm in the planning stages of going off on my own to start a videography business.

Should I post a specific introductory price for my videos on my website?

My videography business will focus on creating short videos for the web, whether it be for video content marketing or a business online commercial. The internet marketing company I currently work for recently gets 750 for most projects - with one hour on-location shoot time and 6.5 - 11 hours of editing (we have lost money, yes.)

Most of my clientele will be small to mid-sized business owners. I feel having a set price will attract more business and will also ensure they understand an appropriate starting point for a project...I think 750 would be a good starting point for me.

Also, I will be working closely with local marketing agencies. Many of our marketing agencies do not have their own in-house videographers. I hope to fill in the gaps for video work.

I feel like I should start out by offering a consistent product at a consistent price will allow me to upsell bigger projects or more projects in bulk.

What are your thoughts?
#business #pricing #videography #website
  • Profile picture of the author savidge4
    My thoughts... raise your price. Get 3 to 4 REALLY good promo videos for yourself to put up on your website. and when I mean REALLY good.. I mean a solid 30 seconds of editing like your life depended on it good. Find a everyday boring item.. like a scone or a pint or something and produce the best 30 seconds you can. another on the local area and the hussle and bussle with high-lites of local area architecture. Show your diversity, and creativity

    THEN... $1200. you can drop your price for industry to $800 if that is a price point you must meet


    Originally Posted by slynch1 View Post

    I'm in the planning stages of going off on my own to start a videography business.

    Should I post a specific introductory price for my videos on my website?

    My videography business will focus on creating short videos for the web, whether it be for video content marketing or a business online commercial. The internet marketing company I currently work for recently gets 750 for most projects - with one hour on-location shoot time and 6.5 - 11 hours of editing (we have lost money, yes.)

    Most of my clientele will be small to mid-sized business owners. I feel having a set price will attract more business and will also ensure they understand an appropriate starting point for a project...I think 750 would be a good starting point for me.

    Also, I will be working closely with local marketing agencies. Many of our marketing agencies do not have their own in-house videographers. I hope to fill in the gaps for video work.

    I feel like I should start out by offering a consistent product at a consistent price will allow me to upsell bigger projects or more projects in bulk.

    What are your thoughts?
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    • Profile picture of the author slynch1
      Thanks savidge4 for the advice.

      I still need to plan out pricing but I definitely was planning on making a promo video along with sample client work.

      However, would you recommend posting your starting price on your website?
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      • Profile picture of the author savidge4
        Originally Posted by slynch1 View Post

        Thanks savidge4 for the advice.

        I still need to plan out pricing but I definitely was planning on making a promo video along with sample client work.

        However, would you recommend posting your starting price on your website?
        That question is a double edged sword. GOOD video work simply is not cheap, and a lot of that has to do with the time needed to make it "Good" So you can easily over price and stop that lower pay flow, which in the beginning may help you pay the bills. IF you price to low then you need to be concerned with being considered cheap, and that's not good either.

        I might offer 2 lower end packages and be very specific as to what they are and what they include. One being at your location. 1 hour shoot. 30 second web ready video, and the next being the clients location. 1 hour video with 30 second web ready video. the third option something like "Thinking Bigger Call for a Quote".

        the key here is to have the Promo video displaying the "Thinking Bigger" with 1 or 2 each of the lessor package product, and having the text there to explain this.

        You are doing a few things with this. you are defining there is a "travel charge" ( the client location is going to cost more than the your location package ) You are showcasing your portfolio in such a way that shows you can do way more than the prices on the site indicate. You basically are setting yourself up to demand top dollar for projects that require top dollar video.

        A real life example... I have a partner in West Palm Beach that for the most part does Videography for Weddings. You goto his site and there are 4 Promo videos. 3 of which are of horses. and 1 is a 5 minute wedding promo. The MORE lucrative side of his business is videoing horses to be sold.

        He has actually broken down his pricing structure. Taking video is taking video. he charges by the hour. 1 camera is X 2 cameras X and so on. He then breaks his editing based on end product length. Wedding are X per minute and Horses are Y per minute. ( There is obviously far less overall editing with a wedding than a video to sell a $100,000 to Million dollar Stud ) He then breaks down his hourly for travel to the shoot. If the travel time exceeds 2 hours he then also charges for the return trip.

        He recently went to Scotland for a shoot. and was paid 48 hours travel time 6 hours for a shoot and 5 minutes of video. Right under $10,000 was the bill. ( Travel, hotel and food were paid by the client as well ) Just to give you an idea...

        The example for all that it is worth, it has to be taken with a grain of salt. His pricing and ability to lay it all out evolved. everything to start was quote, then he got tired of answering the phone to give quotes. then he listed basic package pricing and got tired of answer the questions about "I don't want that how much is it" etc So ended up with a simpler - cleaner time based model.

        Hope that Helps!
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  • Profile picture of the author Action Man
    Originally Posted by slynch1 View Post

    I'm in the planning stages of going off on my own to start a videography business.

    Should I post a specific introductory price for my videos on my website?

    My videography business will focus on creating short videos for the web, whether it be for video content marketing or a business online commercial. The internet marketing company I currently work for recently gets 750 for most projects - with one hour on-location shoot time and 6.5 - 11 hours of editing (we have lost money, yes.)

    Most of my clientele will be small to mid-sized business owners. I feel having a set price will attract more business and will also ensure they understand an appropriate starting point for a project...I think 750 would be a good starting point for me.

    Also, I will be working closely with local marketing agencies. Many of our marketing agencies do not have their own in-house videographers. I hope to fill in the gaps for video work.

    I feel like I should start out by offering a consistent product at a consistent price will allow me to upsell bigger projects or more projects in bulk.

    What are your thoughts?
    you seem a bit confused about pricing? I would suggest you do various plans, like bronze, silver or gold ect

    tell your potential clients what's on offer for each plan, be specific

    cheers

    Jim
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    • Profile picture of the author slynch1
      savidge4:

      Thanks again for the feedback.

      I definitely agree with you and was thinking of provided an introductory price....say 750 (or whatever price is deemed to be a happy medium) for an hour of on-location shooting for a minute to a minute and a half narrative video for their website, with a contact card at the end and no script writing. This has been the flow for the majority of my projects for the job I'm currently working for.

      But this will just be a starting point to pay the bills, then attracting mid to large businesses and upsell them on multiple video packages.

      The area I'm starting my business has a TON of restaurants, shops, hotels and so on but many of them are small businesses who cannot afford expensive videos. Many small business owners also only will purchase one video where I'm looking to expand and get a few larger clients to sell multiple video packages...hoping that I can work with large businesses who want to export their video content marketing to me.

      I'm shooting for being able to be like your partner, travel around and do video and get great money. But I need a place to start to build clients and unfortunately the majority of my clientele will be the small business owner.

      But i think starting out offering this package to target small business owners will help to get the business off the ground and hopefully within the next couple years I wont need to rely on them.


      Action Man:

      I am a bit confused about pricing but I will just need to think on it more, talk to other videographers similar to me and also discuss with my current boss as she knows small businesses very well
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  • Profile picture of the author misterme
    The short answer is no. Don't put any prices on your site.

    All that will do is permit potential clients to take the price and shop it around town without ever contacting you at all.

    Unless you're the lowest priced contender, in which case price would act as an attractant, there isn't any point in posting a price on your site. As Dan Kennedy points out, there's no value in saying "c'mon down. We have the third lowest prices in town!"
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    • Profile picture of the author JKirby
      Originally Posted by misterme View Post

      The short answer is no. Don't put any prices on your site.

      All that will do is permit potential clients to take the price and shop it around town without ever contacting you at all.

      Unless you're the lowest priced contender, in which case price would act as an attractant, there isn't any point in posting a price on your site. As Dan Kennedy points out, there's no value in saying "c'mon down. We have the third lowest prices in town!"
      Completely agree here.

      You know the costs involved and labor involved with each project. While I believe you should base prices on some form of consistent pricing model, if one client is expecting a five star solution and another one is expecting a one to two star solution, the pricing should vary. Get prospects to call and talk to you, determine what they are looking for in a solution, offer the price based on what the end result should be.

      A bronze/silver/gold solution is really stupid in my opinion. With most products, a truly customized solution cannot be fit in packages or levels of commitment. You'd also be limiting yourself on the quality of work.

      "Oh well, their bronze package only allowed for 5 hours of editing, so I'll just give them this half-completed project and call it a day"

      Price your services competitively, raise them if you're getting overloaded with work, run specials if your work load is running dry. You'll see a good margin to work with. But never ever sacrifice quality in your service.
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      • Profile picture of the author savidge4
        In my narrow point of view there are only 2 types of websites when it comes to selling a product and or service. There are sites that ACTUALLY sell the product or service IE they have the price listed. And then there is the sites that do not have the price and these I label as lead generation sites.

        When you get down to brass tacks the sites appear very much the same but as we all know they are fundamentally different. Again in my narrow point of view I think the biggest difference is in the buyers time line where they fall.

        Sites with prices are there 24/7 regardless of the time of day that a prospect has hit the tipping point to buy to allow for the commitment to be made. The world no longer operates on a 9 to 5 mentality and I believe that pricing on a website caters to this.

        Lead gen sites require further action. be it picking up the phone or filling out a form. There is simply a gap in the connection between you and the prospect. You are requiring the prospect to meet your schedule, and not working within theirs.

        A specific industry that comes to mind that displays this split in thinking is the used car industry. many sites have prices, and then there are many others that say "Call for Pricing" I can tell you that from my own personal professional experience, the car dealer websites WITH pricing outperform the lead gen no price variety by a scary margin.

        The example I gave above about my partner that does horse videos. there simply are not that many variables. What he shoots, How he shoots, and Where he shoots, does not overly change that much. Hence the more static pricing. He basically only shoots 2 types of videos and understand the time needed to complete these projects.

        The OP is in a different situation, He does not know what he is going to get, but I think if he / she were to look back apon his past experience he could clearly identify some specific situation that would lend itself to increasing production time. Be it multiple locations or multiple actors or whatever the variables may be.

        The fact remains these are still going to be static variables, and pricing could be made accordingly. I also believe that the OP is coming out of a "Employee" relationship and using the environment he was in as a base, and simply based on the OP itself you can see the model was flawed, and I believe the pricing was flawed as well. These are without question things that need to be looked at.
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  • Profile picture of the author Matt Lee
    I think your pricing should totally depend on the business your targeting. At $800 - that will be out of a LOT of small businesses budget.

    But don't worry about that. Target the businesses that earn $500 or more per sale/customer and push the quality aspect of your service. $800 is NOT a bad price for a well done commercial. Have you thought about how you're going to market? Or who to market to?
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    • Profile picture of the author misterme
      Originally Posted by savidge4 View Post

      I have a partner in West Palm Beach that for the most part does Videography for Weddings. You goto his site and there are 4 Promo videos. 3 of which are of horses. and 1 is a 5 minute wedding promo. The MORE lucrative side of his business is videoing horses to be sold.

      He has actually broken down his pricing structure. Taking video is taking video. he charges by the hour. 1 camera is X 2 cameras X and so on. He then breaks his editing based on end product length. Wedding are X per minute and Horses are Y per minute. ( There is obviously far less overall editing with a wedding than a video to sell a $100,000 to Million dollar Stud ) He then breaks down his hourly for travel to the shoot. If the travel time exceeds 2 hours he then also charges for the return trip.

      He recently went to Scotland for a shoot. and was paid 48 hours travel time 6 hours for a shoot and 5 minutes of video. Right under $10,000 was the bill. ( Travel, hotel and food were paid by the client as well ) Just to give you an idea...
      Not for nothing but that's not a good example at all. Maybe you think it is but I'm in a similar industry and can tell you first hand it isn't. I don't even have to see his site to know weddings aren't that lucrative for him. I can tell from your description of how he runs his video business. And $10,000 to hassle traveling from West Palm Beach to Scotland and back? That's severely underpaid. I can get $10,000 or more just working in my area of the country and be back home sleeping in my own bed that very same night.

      Originally Posted by Matt Lee View Post

      I think your pricing should totally depend on the business your targeting. At $800 - that will be out of a LOT of small businesses budget.

      But don't worry about that. Target the businesses that earn $500 or more per sale/customer and push the quality aspect of your service. $800 is NOT a bad price for a well done commercial. Have you thought about how you're going to market? Or who to market to?
      If they can budget 500 they'll pay 800 if and when they're sold on its value. And payment plans help.
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      • Profile picture of the author savidge4
        [QUOTE=misterme;9532054]Not for nothing but that's not a good example at all. Maybe you think it is but I'm in a similar industry and can tell you first hand it isn't. I don't even have to see his site to know weddings aren't that lucrative for him. I can tell from your description of how he runs his video business. And $10,000 to hassle traveling from West Palm Beach to Scotland and back? That's severely underpaid. I can get $10,000 or more just working in my area of the country and be back home sleeping in my own bed that very same night.[QUOTE]

        That would be one of those examples where it shows that you stick to your pricing win loose or draw. For an added $5000+ he got basically a weeks vacation and the total project time was less than 15 hours. But the constant was the fact he gets $1000 per minute of produced video with this market as compared to $50 for weddings.
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