If you’ve worked on a Tampa video production before, you’re are probably highly familiar with the importance of a production budget. While an unlimited production budget would be fantastic, we all have to face the reality of working with a more realistic budget for our video production and making sure that it fits.
The budget not only helps you figure out how much to spend on the production, but it can influence a majority of the decisions that you’re going to have to make for the sake of your Tampa video production. If you’re looking to put together your production’s budget, here are some tips to help you get started.
Identify your major expenses
Since these are going to take up the bulk of your production expenses, it’s always a good idea to take these into consideration first. Take down all of the expected major costs involved with your production, and then break it down into an itemized list to see these clearer.
This list includes equipment, cast and crew, and effects. The reason why this should be done at the beginning is that these are the most important parts of your production and are needed the most, in addition to being the most expensive factors in your production.
What additional expenses can you expect?
Once you have the major expenses out of the way, you can then consider the smaller, additional expenses needed during production. Everything from gear rentals, props, costumes, and catering are all factors that you have to take into consideration for your expenses, no matter how big or small.
Make sure that you include all of the expenses that you’re expecting to encounter during the production to make sure that you have an accurate estimate.
Don’t forget to leave a little leeway in case your estimate is off
While accuracy is essential to your Tampa video production budget to make sure that your entire budget is properly allocated, you should still prepared in case your estimate is off, or if the cost of certain things have changed between the time you created the budget and when you needed it for your production.
A good way to make sure that you have enough budget for any surprise expenses is to consider that things are a little more costly than initially expected so that you don’t end up lacking in the budget for something you really need.
It seems like your Tampa video production budget is limited to the shoot itself. However, you should never forget to factor in the cost of post-production. Software, gear, and professional post-editors are all very important things that you should remember to take into account for your entire video production budget.