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Posted by P.C. Ford on 10/01/92 11:28
On Wed, 5 Oct 2005 23:31:45 -0500, "Steve King"
<steveSPAMBLOCK@stevekingSPAMBLOCK.net> wrote:
>"P.C. Ford" <meoh@mouse-potato.com> wrote in message
>news:6tk8k1diof77d98g1utt4op4p3nlsftiib@4ax.com...
>> On Wed, 5 Oct 2005 15:14:43 -0500, "Steve King"
>> <steveSPAMBLOCK@stevekingSPAMBLOCK.net> wrote:
>>
>>>"P.C. Ford" <meoh@mouse-potato.com> wrote in message
>>>news:2h88k1dbni9dt7thgqfv07bqkp1f2jhphi@4ax.com...
>>>> On Wed, 05 Oct 2005 11:37:44 -0700, P.C. Ford <meoh@mouse-potato.com>
>>>> wrote:
>>>>>We did a 10 minute
>>>>>video (was supposed to be 5-7 minutes) for well under 5 figures.
>>>>
>>>> Should have said well under _4_ figures. Can't count this morning.
>>>>
>>>> Oh, should have added, there was happiness all 'round with the
>>>> project.
>>>>
>>>> thanks!
>>>>
>>>
>>>You need a video budget form. Otherwise you will forget to charge for a
>>>lot
>>>of materials, services, and time. Here are a couple to look at:
>>>
>>>http://www.jimzura.com/OtherBudgetSample3.htm
>>>
>>>http://raven.ubalt.edu/departments/corpcom/courses/simon/projmgmtII/forms/videoBudget.pdf
>>>
>>>And, neither of these is as comprehensive as the one I use.
>>>
>>>Selling that 10 minute video for less than a $100 per minute sure left you
>>>in bind as far as charging anything like a fair price.
>>>
>>
>> thanks, good, useable info on both urls.
>
>What a relief!! That you didn't bill the $1K that I thought you meant. You
>may find an even better budget form. I use a budget form to help me think
>through a project in the proposal preparation stage. Then I go back to it
>frequently as the project becomes better defined. It is still a good tool
>to make sure I am taking into consideration all of the ways the project will
>be affected in pre-production, production, and post. It is too easy to
>forget stuff and incur costs of time, goods, and services that nickle and
>dime your reasonable and legitimate profits away.
Thanks Steve. I do appreciate it. Unfortunately, due to my mistake in
the price of the first project, I find myself where I was this
morning.
Here's the deal: I repeatedly here the cliche that industrial
corporate stuff should cost at least 1k a minute. Many say this is far
too low. Now I have to do 60 minutes worth of video. So, if I use the
rule of thumb that's 60k. Yet I don't see how the project could
legitimately cost the client even half of that. (See my first post to
see a description of project.) I did a run-through on the budget work
sheets and 30k would be very generous indeed.
I want to charge a fair price, of course. But I certainly want to
myself as good a job as possible.
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