Most film students may sometimes fail to consider the business aspects of filmmaking. This is because their focus at the moment is to start out wanting to simply make films from what they have learnt. However, later they have to face the fact that unless they can make a commercial go of it, they will not be able to make any more films. Here, are some helpful tips that you should consider if you want to venture into the business of film making. First, always remember that filmmaking involves creativity.
This is crucial because when you are making a programming decision, you are automatically making a marketing decision bokeh. This marketing can be done by involving stars in your film, or explaining the basis of the film. These aspects will help elevate the film over and above the competition and make it desirable thus attracting greater audiences and revenues. Secondly, you have to make sure that the pitch you make to gain funding for your film includes the budget, audience, genre and appeal of your film.
All these elements must be delivered while selling your concept to a potential buyer, investor or distributor. Thirdly, the film making business is about an exchange so that there is a win-win situation for both parties. Everyone involved in the process should receive compensation in some form depending on how much they contributed. Also, the investors will expect to have their money paid back and receive a share of profits in proportion to their contribution percentage of the budget. Fourth, as you start out you may receive royalty checks that come as a result of your films being distributed and thus if you can produce media products and retain the copyright in them, it is possible after many years to have a library of products generating royalties. These royalties can support or partially support you, and even finance new work.
Fifth, it is advisable to focus on one area or skill. If there is a film genre that interests you, it is advised that you work within those limitations. So pick something that you really enjoy and success will be almost guaranteed. Finally, always make sure your costs are significantly lower than what you expect to receive from sales. Constantly aim to have low production budgets and low marketing costs, and you will be a successful film maker over time. Also, it is advisable to have multiple revenue streams so that you can generate greater profits.
Denny Morales- CEO/ FOUNDER
Denny has worked for numerous television stations in Las Vegas and San Diego, including affiliates of NBC, ABC, Fox, and more. He has been directing and technical directing for 14 years, in which he earned an Emmy Award. His passion, however, has always been with film, with which he has been working on the side of his television career. He has worked on many short films, music videos, documentaries, one of which won an Emmy as well. Denny has worked with A&E Biography and has experience in producing television shows. His credentials are with production coordinating on IMDB.