So you want to make money as an independent film producer. Do you even know what it takes to get a film completed? There is an old adage in Hollywood, that it requires “an extreme quantity of talent to make even a bad movie”. With that in mind, building a movie is a daunting task and on a daily basis, Click are being made and sold to a variety of audiences.
Just because there is a story or perhaps a screenplay as well as the talent to create a movie doesn’t really mean you may make cash with the film. Today you will find a plethora of movies being made: and among those being made, only a small percentage of the films can make money for independent producers.
Sure if you make a movie for $10,000 and get an agreement which is worth millions including “Paranormal Activity” you actually can make money. But “Paranormal Activity” is definitely the exception not the rule. As well as the advertising plan for that film is at the tens of huge amounts of money. With that type of promotional dollars the film was bound to have the filmmakers money.
So what can one does to make sure your film is a success? And can one does it without having to spend your inheritance? Well yes and no. Audiences are fickle. Produce a movie you believe is great still may flop because nobody watches it.
Keep your eye on the goal: to make money as being an independent producer. If you have never created a film before and are in the market to set the entire world on fire, all the best. It will most likely not happen. And if your primary goal is to make a living being an independent producer you have to stick to a few basic rules towards that goal.
To begin with have a great story and after you transform it into a script have someone give you advice into it. The story must have a beginning, middle plus an end. Sounds simple and straight forward, however it isn’t always true. First-time filmmakers (and those that aren’t first timers) are generally shooting excessive and editing very long and lose the impact of the good story by setting up a lot of material
Second keep your budget low and utilize actors that understand how to act. This usually means getting actors that have credentials and also have experienced films before. Should you can’t manage to use SAG actors then ask neighborhood theaters for actors and beg them to stay in your film for that experience.
Third, rehearse and rehearse again. This is related to keeping your finances low and having the capacity to put money where it counts. Rehearsing is certainly one area that may keep the number of takes as low as possible. A great guideline to consider is the fact indie movies should have E & O insurance policy not less than $one thousand,000 for each and every claim and $3,000,000 aggregate for all claims having a policy deductible no in excess of $ten thousand. A great E & O insurance representative can explain the whole process based on your movie’s unique elements.
You can find those times a producer realizes the initial movie budget failed to add a line item expense for E & O insurance or that they had no idea that it will be a needed to have their movie sold and distributed. When they key to the table to sign a distribution agreement there is no money to pay for E & O insurance coverage.
It’s not the final around the globe if you find yourself short on money to obtain E & O insurance. In case a distributor is actually hot to get a movie they are able to front the price via a carrier they handle frequently. The indie film producer will not need to fall out of pocket upfront for your cost. But the distribution company will recoup the amount of money spent from the sales, commonly iuuryi to as a “charge back” towards the indie film producer.
Be realistic that it’s most likely the distribution company will never receive an indie film producer a fantastic rate on E & O insurance. Think about it like buying something on credit you can’t afford and paying a higher interest rate afterwards. But if an indie film producer’s pockets are light money there is not another choice unless you pass on the deal. Easy credit will definitely cost indie film producers much more of their future movie profits down the road.
An indie film producer is better off should they check around for E & O insurance, get a firm quote, and include that real cost in to the overall movie budget before shooting one frame. Making indie movies needs a squeeze a nickel until it bleeds approach. Save all the money it is possible to where one can in production!
Fourth, start searching for a distributor or sales agent prior to starting to film. For those who have not talked with a distributor before you start your film achieve this now. And lastly, keep a good paper trail. Many films are never distributed as the producer had hand shake deals with everyone. Which could operate in school, but in the real world it doesn’t work.