Evaluate the Scope of Work
- Length: How long is the video? A 30-second reel typically costs less than a 5-minute explainer video.
- Complexity: Does it involve advanced editing, animations, or multiple revisions?
- Shooting vs. Editing: Will you also shoot the footage or just edit pre-provided materials?
- Scriptwriting: Are you responsible for creating scripts, captions, or subtitles?
- Turnaround Time: Is the delivery timeline tight? Rush projects may justify higher charges.
Consider Production Levels
- Basic Video: Simple edits like trimming, captions, and background music.
- Intermediate: Includes multiple transitions, color grading, and basic graphics.
- Advanced: High-end animations, professional sound design, or extensive revisions.
Research Market Rates
Rates vary by location, experience, and the level of production:
- Beginner/Basic: $50–$150 per video.
- Intermediate: $200–$500 per video.
- Advanced/Professional: $600–$2000 or more per video.
Determine Usage and Value
- Platform: Videos for Instagram Stories or TikTok might cost less than those intended for YouTube or advertising campaigns.
- Business Impact: If the video is for paid ads or high-visibility campaigns, you can charge more.
Offer Packages
Encourage long-term work by offering bundles:
- Single Video: Higher cost per video.
- Bundle Deals: 4 videos/month for $XXX (discounted rate).
Add-ons to Increase Revenue
- Custom thumbnails.
- Platform-specific formatting (e.g., vertical for TikTok).
- Social media strategy consulting.
Calculate Your Hourly Rate
Estimate how long it takes you to complete a video and ensure the per-video rate covers your desired hourly earnings.
For example:
- If you want $50/hour and a video takes 4 hours, your rate should be $200 per video.
Create Transparent Contracts
Include:
- Several revisions are allowed.
- Turnaround time.
- Licensing and usage rights.
Example Pricing Structure:
- Basic: $100/video (30 sec, simple edits, 1 revision).
- Intermediate: $300/video (up to 1 minute, moderate edits, 2 revisions).
- Advanced: $800/video (custom graphics, animations, 3 revisions).
Thank you for reading! Stay connected with me on all my social media platforms. @djmakeart
For more updates, tips, and inspiration. Don’t forget to explore my website djmakeart.com for exclusive content and projects. Let’s create and grow together—see you there!
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