Folks, there is no set price for commercial production.
Originally posted by ajg3496:
For the commercial spots our market average for shoooting/production is about 300 dolars a 30 second spot depending on what the client would want.
That seems awfully low to me as well. But if that's what the market is then what options do you have?
1)) Fragment the market with more competition by starting a new commercial video co.
2)) Try to convince all the clients (that are used to paying $300) that your company is so much above the already established companies that they need to come to you and pay $2K. (it could work but...)
3)) Move to a RICHER market. Not necessarily bigger but RICHER.
Aaron, when you say """shooting/production is about 300 dollars a 30 second spot""" how long does it take to do the ad and what all is involved in production for the $300?
Alaska Cameradude,
Your market may be smaller then Greenville NC but it sounds like a little bit richer market.
Then again, I don't know all the details involved. You say that you do (concept to completion?) spots for $500 (average $700 to $1,000 ?) Man, that sounds low. Although if takes you a day then its not bad. How long does it take you to make a $1,000 ad? What all is involved? Just shooting/gripping/editing or do you write/script/voice etc?
Warren,
When you do an ad for $5,000 or more (concept to completion), how long does it take you and what are ALL your duties?
I'm just trying to learn here as I have never done a concept to completion ad all by myself.
I do know there are companies in town that charge upward of a million dollars for a thirty second ad. This of course includes a giant crew, all kinds of props, FX, Film Stock, etc.
The market size is not relevant because many of these ads run on American National TV.
I also know that some ads around town cost, "starting" around $30,000 to pull off. These are Beta SP, DigiBeta type ads where they hire-out crews or use in-house tech crews for the normal daily rates. No one makes $30k because there are many people involved, lots of gear and most profit goes to the bean counters. Techs make the normal daily wage.
There are also very small indy people (with limited gear) that probably charge around $1,000 for a very low-budget ad and these ads will only run on late-night TV.
There is no set rate for concept to completion . Ads vary from $300 to 3 million. No matter what gear or talent you have, no one will run to Greenville NC to have a 3 million dollar ad made. You have to offer what the market will bare. If the going rate is $300 then that's ALL the client is used to paying....