The cost of Wedding Videography

[DXNMedia]

Sad to say, it is the people in the industry who determine the market themselves.

In order to get business, people undercut to keep competitive....when they undercut to be competitive, they loose passion and dedication to the work that they produce.
It's no different than a factory producing or manufacturing a product....just churning out videos after videos.

Sure you can say the volume helps offset the low amount per job, but again, it depends on where do you wish to head towards.

My favourite analogy is:
Kia/Chery cars also got their own market share in our small place.
Toyotas/Hondas also got a portion of the pie
Merc/BMW/Lexus also got a fair share
Ferraris & Lambos also got a share in the market.

Which car do you want to be?

If the car importers dun bring in Kia/Chery, then the next lowest level would be Toyotas.
Those who cannot afford will either live without a car or have no choice but to buy a Toyota.

I hope my analogy will bring up some light to those who think they're underpaid for a job.
:thumbsup:

 

[John Tan]

ok...that clear my doubt. I'm apologise that I assume u r freelancer. :embrass:

:thumbsup: for your effort to serve different level of public / (clients) :thumbsup:

 

[John Tan]

Sad to say, it is the people in the industry who determine the market themselves.

In order to get business, people undercut to keep competitive....when they undercut to be competitive, they loose passion and dedication to the work that they produce.
It's no different than a factory producing or manufacturing a product....just churning out videos after videos.

Sure you can say the volume helps offset the low amount per job, but again, it depends on where do you wish to head towards.

My favourite analogy is:
Kia/Chery cars also got their own market share in our small place.
Toyotas/Hondas also got a portion of the pie
Merc/BMW/Lexus also got a fair share
Ferraris & Lambos also got a share in the market.

Which car do you want to be?

If the car importers dun bring in Kia/Chery, then the next lowest level would be Toyotas.
Those who cannot afford will either live without a car or have no choice but to buy a Toyota.

I hope my analogy will bring up some light to those who think they're underpaid for a job.
:thumbsup:

Well said...hopefully I can avoid Kia/Chery car owners.....

 

[DXNMedia]

Well said...hopefully I can avoid Kia/Chery car owners.....

Well, there's totally nothing wrong with driving a Kia or Chery.
I'm driving a Kia myself and I pay for what I get.

We have to understand that different people have different needs and requirements.
Some people are willing to pay high end prices for a top-notch service, and some will not.

As service providers, we can only set our own level of service. If you think you're not getting your value in payment terms, then you increase your prices accordingly, or only do higher end jobs.

The other analogy I like to give is like Kia/Chery asking why shouldn't I charge my cars at the price of Mercs?
If your car don't have the level of 'functions' and options & quality, how can you charge the Merc prices?

The other extreme end would be to ask BMW to sell me the 500series at the price of a Toyota....i think they won't even bother to entertain you.

 

[JRC]

The other analogy I like to give is like Kia/Chery asking why shouldn't I charge my cars at the price of Mercs?
If your car don't have the level of 'functions' and options & quality, how can you charge the Merc prices?

The other extreme end would be to ask BMW to sell me the 500series at the price of a Toyota....i think they won't even bother to entertain you.

If I use another anology, someone selling food for example, day in day out, you sell your secret recipe chocolate cake. $10 per cake, you work like **** and earn enough. You're happy. You only know what you're selling but not sure what people are selling outside. Actually, your cake is first class standard and comparable to those outside selling for $50/cake. You could have increase your cake price but didn't because you are happy with status quo and u don't know how your cake compared with the rest.

So I think videos is about the same, should try to see what other people is offering and their standard, and you'll guess how much you're worth. But it's not easy to do that.

 

[danel]

If I use another anology, someone selling food for example, day in day out, you sell your secret recipe chocolate cake. $10 per cake, you work like **** and earn enough. You're happy. You only know what you're selling but not sure what people are selling outside. Actually, your cake is first class standard and comparable to those outside selling for $50/cake. You could have increase your cake price but didn't because you are happy with status quo and u don't know how your cake compared with the rest.

So I think videos is about the same, should try to see what other people is offering and their standard, and you'll guess how much you're worth. But it's not easy to do that.

wow i think this is really logical and probably the reason why freelancers are doing so... e.g. for me, how would i know how much is my standard compared to industry? kinda subjective sometimes... tsk... still working my my price... dunno how to charge too... any experts out there free, wanna agar agar for me cam pm me ar? Also hey JRC still can't acess your site w/o pass... tried ler...

oh not to mention merry christmas everyone!!

 

[sundazz]

sorry to dig out this rather old thread...

I suggest u don charge too low even u are just entering the industry.. say atleast $800 and above for a normal wedding shoot + editing (no express). throw in with more freebies instead and sell not oni your products but oso your services.
if u charge too low, u will find difficult to adjust your rates later and oso find not worth the time and effort spends.

must know your value.. how to know?.. well, is rather difficult, and subjective, but somehow u will know after some times in the industry.

cheers

wow i think this is really logical and probably the reason why freelancers are doing so... e.g. for me, how would i know how much is my standard compared to industry? kinda subjective sometimes... tsk... still working my my price... dunno how to charge too... any experts out there free, wanna agar agar for me cam pm me ar? Also hey JRC still can't acess your site w/o pass... tried ler...

oh not to mention merry christmas everyone!!

 

[engr]

sundazz is right. I would recommend $800 even for freelancer cuz the effort level is tremendous. Its not worth doing it if too low. I rather not do if the price is not acceptable.