When someone wants to produce a professional video, they think it will cost higher like buying something expensive like diamonds. But it does not!
We want to clear some important and several costs that are associated with corporate/professional videography and the total cost of video production via this post. If you want to hire a video production company, we are a well-known Video production company in Nashville, and here we will share the 10 main factors that influence the total cost of video production services further in this blog post.
How To Hire A Video Production Company:
Frankly speaking, it requires a lot of research and trust in the video production services you are hiring for your upcoming and important project.
It requires lots of research about their recent and previous video projects that too are from genuine clients.
It is a risky task because you are paying a pretty handsome amount for a thing that is not developed yet! But if you research wisely and reviewed it correctly, your every penny would be worth it. In the end, if you have your professional and interesting video in your hands, what would you ask much from a production house?
We, at NPDTV, are trustworthy and have pretty good experience in the field of video production. NPDTV have a talented team to work for you as per your requirements and you will surely get what you want. you can mail us and call us.
The breakdown of the total cost:
1. Project Management Expenses With Project Coordination Expenses:
A project manager’s or project coordinator’s role is always much more important than a project administrative role. Project managers ensure your video production costs don’t exceed or don’t cross your total video production budget. The project managers make sure all the deadlines will complete on time. You can contact us for more budget friendly options as per your requirements and budget.
2. Script Development Costs:
Sometimes, we need a proper script for our video projects, and for that matter, you have to hire a scriptwriter. The cost of this script depends on the length and details of the script. Whether you want a detailed script or only an outline of the video, this thing decides the total cost of the video script. We have amazing and lots of budget friendly options for your upcoming professional video.
3. Cost of Crew Members (Actors and Models):
If you do not want to act in your video, you have to spend on actors and voice-over artists to complete your video. The cost depends on the experiences and skills of the voice-over artists and actors and the time they will spend acting in the video.
4. Costs of Visual Assets:
Videos benefits from their supplements means what is being said on the screen. These supplements are known as cut-aways or B-rolls in video production’s dictionary. For instance, if you are explaining the products or services in your videos, you might have cut away shots of the services or products. If we describe the actual products in the video, it helps to keep the interest of the viewers. The type of supplements visuals are:
- Still images- Stock photos, Licensed photos, custom-made photos
- Videos- stock videos, licensed videos, custom-made videos.
- Illustration Images or 3D images: stock illustration, custom illustrations, purchased 3D models.
Stock images, videos, and 3D illustrations are easily available as compared to the custom-made versions. These are also less expensive than the custom-made versions. The typical costs of stock images can be $5 for each and 4k and HD images can cost a little bit more expensive as $10 each. You should expect to pay a little bit more or higher for quality stock images. the cut-aways or B-roll shots are generally between 15% to 50% of all filming and shooting budgets. this will also depend on the type of camera used, the number of extra footage, and additional time for a shoot.
5. Costs Of Special Effects In The Video:
If you want to add special effects like animation, graphic motions, title overlays also known as captions, chyrons, or lower thirds. These all have additional charges in your total video production budget. If you have a brand, you have to choose the graphics and special effects to promote your brand at a new and another level. These special effects are more effective for promoting the brand at the next level.
These special effects have different price ranges according to their level of simplicity and complexity. The price range depends on various things like basic graphics and editing. The special effects, animation of higher-quality videos depend on the experience of the designer and the complexity of the project.
6. Cost Of Location Associated With Video Production:
Cost of video production also depends on the location of the shooting. It depends on whether the shooting is placed indoors or outdoors, depends on the sound stage or a studio, using the green screen or not, and the traveling cost between one location to another location. Few things that are responsible for adding additional costs for a video production project- studio rent, permits, travel costs, local place rents, etc.
The price ranges of locations depending on the time you have taken shooting the video at a particular location. It will add rents, studio expenses, and travel expenses to your final video budget. It also depends on the size and facilities of the studio.
7. Music Costs:
Adding music to your videos is also not free of cost. Well, some websites provide free music, but first, you should check the license of these websites before using their music in your videos. You have 3 options for adding music to your videos- stock music, custom score, and licensed music.
The typical cost of the music depends on its time duration, sound engineer for making a song for your video.
8. Cost Of Video Production Crew:
The camera crew, video production team crew, and the number of people involved in the production team of your video decide the total crew cost of the video project. Director, motion graphics artist, camera operator, sound, music, editor, all these members have their price range according to their availability and experience.
9. Video Rendering And Compression Cost:
Video compression and rendering are the hidden parts of the video production process as they are always executed behind the scenes. This rendering and compression involve transferring the video into editing and presentable format for the website and broadcasting on different platforms like Vimeo, YouTube, or other channels. The video rendering charges usually depending on the processing speed of the computer system.
10. Overhead Costs:
This includes cameras, sound, lights, computers, software, and studio charges. Insurance like liability and workers’ compensation are also included in the overhead costs. If you are shooting with a phone camera it will always be in your budget and if you use a professional camera, its your choice totally.
How much does it cost to make a Video?
With Some general guidelines, you will have a raw idea of the total cost of the video. A 2–3 minute professional or corporate video costs higher than usual. Most video production companies agree that the average cost of video production house will be budget friendly in most of the cases. You have to be transparent when you are working with a video production company. If you are being transparent in your budget initially, it will be a benefit for you and the production company not to assume anything about your budget and choices.
The question is, how much a video production company charges for a video shoot and video making? The answer is, that it depends on various factors. You can make your video free of cost by just shooting it from your iPhone and uploading it on YouTube. You can contact us for details and we will decide how much it costs to make your kind of video.
FAQ:
1. Why Is Video Quality So Important In Video Production Cost?
Video quality is the main thing of any video. If video quality is higher like HD or 4k, it feels soothing to the eyes and people love it for its good quality. Video production companies charge extra dollars just for making the video quality good for its better approach and better performance.
2. How Many Crew Members Are Required For Video Production?
It depends on the type of video we are making. Generally, a professional video needs a producer, director, screenwriter, videographer, editor, graphics designers, cameraman, actors/voice-over artists, etc.
