I will fix the focusing issue in the next one! The Osmo didnt want my face sharp and pretty! Do you want more of these videos? Hoping it provides insight of some sorts.
It is awesome but he needs to up his rates. That’s why love being a production company not a freelancer. I live close to DC but my rate is closer to $350-$400 per hour including one or two shooters and a PA. I make clean around $275-$300 depending on gig. The lowest I would go is $220 for one man band.
@@AcastroAX He mentioned a few times that these are below his normal rates. Rates are very market dependent as well. Being in DC is quite a different market than Dallas. Also as a freelancer, you are providing less than a production and that is reflected in price.
Ive been doing this for 7 years (2 years been a full-time) and this is the first time I see someone so transparent and cool about sharing how much they make! Love and appreciate this type of content because it gives perspective to the newer shooters and even those with some years in the bizz like me. Auto Sub! Thanks for sharing!
I think this kind of video is so great. I also love just showing how your pricing varies depending on the projects you believe in/want to do. Thanks! great watch.
I'm a big numbers guy. I always look at as many metrics as possible to drive up my revenue. Looking at your numbers helps helps them grow. I look at year over year as a whole. Certain months verses the previous year. Average earned per day of work. When you break it all down, you can find weaknesses in your pricing and correct them. Walking away from work will often bring better work. But it is always a gamble. Great video and congrats on the view spikes on the channel! PS-I'm a numbers guy remember, I see those channel stats!
For sure the plan! I think itll be useful for the holidays too, i know it gets slow around then so having that insight will be helpful for some. Peaks and valleys!
Thank you for your transparency Jared!! I love how you’re always willing to work, and I love seeing how small gigs help you land bigger gigs. Such a cool process! You’re taking care of your family, you’re doing work you enjoy, you’re doing great brother!! 🙌🏻🙌🏻
I think this was actually really awesome of you to be super transparent of this type of career. It really helps to keep other people from lowballing themselves too much and then in turn hurting the industry. I deal with that type of lowballing in my industry, and it has gotten so out of hand that I do not see it reversing, and also why I am looking into this industry as a side hustle for now but eventually my main career. 20 years in the automotive industry, things have changed drastically and not for the better. I know how to work hard and hustle, I see this as a good lateral move, and of course putting in the time to learn a new skill and having the patience to do so. You are very inspiring my man, and I really respect your hustle, it is few and far between these days.
Right on man! People underestimate the power of maybe charging a bit less for a large client like a City, huge opportunity to be called back and turn a profit as the relationship grows.
Thank you for the transparency Jared! Love that you also talked through what was paid vs still waiting on because this often gets overlooked! Makes for a more realistic look. Love this informal chit chat style yet gets straight to the point and no time wasting.
Your RUclips page is going to blow up bro. trust! I’m looking into getting into videography as a side hustle (for now) and this content is so so good and helpful thank you!
Appreciate this! I've had many months this year of no income a month and have had to start branching out to other things pretty quickly. Professional video has dropped off massively in London for some reason this year. Always be prospecting! I let it drop a few times and it quickly led to months of nothing, throw Net30 into the mix and you got a dry year!
Dude I really enjoy your authenticity in sharing this info and your process. No need to gate keep because there is plenty for us all. I’m a filmmaker myself mainly for my church for 15 years but I’m trying to get back into freelance whilst doing RUclips and figure out how to make some type of income again. Shoot if I could make $7k extra a month that would literally change my life.
There’s more work than we realize. The hard part is often just finding it or them finding us. The more knowledgeable we all become, the better the creator economy becomes.
Thanks! There are jobs that i for sure would rather not do because of the rate. Unfortunately sometimes, id rather make $500 rather then not make anything at all.
Thanks for sharing Jared. It’s just cool to see behind-the-scenes of what it takes. I just started my own video production company, and it’s a lot of work but cool to see people being successful at it.
Great video! I'm glad you also explain that you are ok with taking lower pay for potential benefits of more work with clients, especially if they are a good client that you enjoy working with.
This is really well done, transparent, and informative - thank you! Any chance you could dedicate an episode to your administrative tools (contracts, consent forms, release forms, etc) and where you found your initial templates?
I really appreciate the openness of this. I'm always wondering how often other people in the same/similar field. Not to compare myself but kinda tracking to see if my progress and struggles are normal for other people. I also love all the BTS content. Super helpful
Thanks for watching! Just know that we all for sure have ups and downs. I’ve had months making only about $2k and months making $25k. It’s out of your control, all you can do is keep pushing!
@@lensofjared That's it, Just hope the busy times go as long as they can and make up for the dry spells. It's just tough running that way with a family and all. How much notice do you typically get for some of these jobs?
Very transparent and eye opening for beginner content creators. Can you become rich doing this. YES!! but it won’t be over night and it sure as hell won’t be a consistent ride. There are dry moments. You have to take the crooked with the straights. Very well done sir! I Subscribed 🦾
This was great and I'm sure a huge benefit to many! Appreciate the look into your finances for this month, curious to see September! Good luck keep up the good work
Bro thank you so much for you being a real person, not trying to "lil bro' us. Please keep it original even when u can retire your wife, dont hide. this is true inspiration. I just started, only been 3 months. Its been actually good, im shooting for one of the largest car brands in the world, although the money is peanuts but like u say, you cant turn down money and opportunity.
Thank you! I hope to keep doing this for many years, as long as people are getting anything out of it. Congrats on the opportunity, go and crush it! My advice: do it as big as you can! If you can afford to rent an extra light or hire a PA, do it. Look to impress and think of this as a great portfolio showcase!
Always great seeing this kind of transparency. Are these numbers before or after tax? I think its worth mentioning that you will loose ~1/3 of your profits to tax and thats important to factor in. If these numbers were pre tax it did hit your cost of living, but after tax your take home did mot cover cost. This is good to share with newer filmmakers who may not even think of that. Also would be interested to see cost of doing business factored. You did remove the cost of the people you hired, but what about all your business subscriptions, software, ect. That likely adds up to a few hundred a month. Thanks for a great video. Would love to see even deeper of a dive next time!
This is pre tax. I’m working with a CPA to get a proper fix on my finances. I’ve definitely been dumb for waiting this long to properly plan for taxes.
thank you for sharing this , it rare where u see someone shares what he earns as a filmmaker lately i hope we see more videos like this especialy ones on " how to get jobs "
thank you for this honestly, its very good for like minded ppl to see the money of any gigs that we all do as creatives. Speaking about money doesn't have to be a sensitive subject
This is awesome, man! I love hearing from people in similar levels of their career vs hearing from those who have been at it for 20+ years. Where do you find that you get most of your work from?
You’re 100% right . Money is definitely a very taboo topic. I’m gonna actually take a page out of your book and do a video like this for my own subscribers
Yes, we badly need more financial transparency in the industry. Not a bad month and agreed it should be more for a 7 day job with kit in the Gulf (though you explained the reasons for taking it well - no issue there, if you can translate it to more work, etc.). When I go there (I say it like it's every 2 months, but it is not, both sadly and luckily!) it's usually 1k usd per day with overtime, with per diems, and with travel days at half rate. They _can_ hire local crews at cheaper rates, but (drumroll, this is the important part) when there's a bunch of big events in Saudi and UAE around the same time, there's actually a shortage of competent hands ready to rock, so then _their choice_ is to risk having a possibly inconsistent result or paying you/us what we need to be paid. (And they absolutely can pay that. There are lots of problems in that neck of the woods, shortage of money is not one of them, is what I'm saying).
Good insight! For this, i was hired by a US company and sent out. Definitely still could charge more. My passion is filming esports so when these cool opportunities come up, i try and take it!
I would like to know if you are doing any on the post production on videos you shot for this month. Love the transparency. I hope this video gets tons of views. I know this would help a lot of people in our industry struggling with what they should be charging.
This is all just for production, most jobs don’t need me to do and pre-production or postproduction. I don’t take a lot of editing jobs either since they take so much time.
Love the transparency of this. Couple things that could help as well: do you edit this stuff? Or how does it get handled at the end and is that in the budget?
this helps put into perspective what we should be charging as video pros...and you're just shooting and handing it off if I'm not mistaken...so the people out there doing videos from scratch to final edit have to stop charging $200 lol
Oh man, in my country, people pay 100$ for a all day job, and it’s a good price! They often offer to come and shoot for 15 dollars at the other end of the city, they also want the video to be of professional quality as a result
Lots of ways. The quickest way is through Bark and production hub. Varying levels of success but, it’s something that you can start using right now. Other than that, doing networking events and posting content is what i do as well.
been following along for a while now and rarely comment tbh, but wanted to chime in and say you're doing it right m8 👏👏 while i totally love this level of info/content, wondering if you've seen any backlash from clients going public with what they've paid? I know some of the folks I shoot for could give a shit less, but also have a feeling I'd be getting some emails/scrutiny from others. now that you're going on week 5, has this been a concern of any type so far?
I'm still pretty early on in the process, so we'll see! Tbh. It’s not like they can stop me haha it’s not illegal to talk about finances and I have no problem telling them that 😅
Usually, no I am not. Every now and again I’ll do the edits but, I try to pass them off. Way too time consuming and I find it’s harder to get people to pay what an edit is worth.
@@lensofjaredhey Jared! I’m also an editor and I find it time consuming as well. Looking to start passing off my edits to someone else. How much did you pay the editor(s) for each shoot? Or if you didn’t pass off the editing, how much would you have paid for the editing?
Quick question or two: Are you happy with that amount of money? Does it allow you to live comfortably? …I know these are subjective questions but trying to place this number within a general continuum of satisfaction.
Yes! $7k a month is great as that fully covers all my bills for the month. Obviously more is better and right now we’re working on bring that cost of living down.
It is! I’m pretty adamant about purchasing my gear up front. Thankfully I’m at a point now that I have whatever I need for my scale of business. Anything from here would just be upgrades and additions!
What do you do about taxes? I'm still a sole proprietor as I don't have the need to become an LLC. Do you save a percentage from each job for taxes? I tend to do 25% of each job which gets put into its own account. Thanks! Super informative video!
Honestly, you’re ahead of me. As of right now i just maintain a certain threshold in my bank account and expect around $8k of it to be for taxes. We are looking into a CPA right now to help. I do keep track of all my purchases.
@@lensofjared This is my first year as a full-time, freelance photographer and videographer. Haven't been good in the past with saving money so trying to make it a habit. I use QuickBooks for all my invoicing which helps keep everything in track. I also have a spreadsheet with the dates I was paid in the amount. I'm also looking to work with a CPA this year as I don't want to mess anything up and get audited haha.
Do you take into account income taxes when you accept these types of jobs? That's one of the hard things about being self-employed, as you're taxed at a higher rate than W-2 employees.
@@lensofjared Awesome. Just remember that Uncle Sam will take about 20-30% of that income come tax season. Next year, I plan to implement the Profit First system (it's a great book, Justin Porter does the same thing) to make sure we account for that phantom cost. I would also recommend talking to a financial planner about opening a retirement account if you haven't done it yet. The future is coming.
We do have a Roth IRA right now, but completely agree! We also keep a certain threshold in our account for taxes. Definitely looking to get ahead though and make it as cheap as we can.
I will fix the focusing issue in the next one! The Osmo didnt want my face sharp and pretty!
Do you want more of these videos? Hoping it provides insight of some sorts.
Don’t lie… deep focus is an intentional choice made by only the strongest artists. 👨🏼🎨
Great breakdown. As a freelance myself, it really helps to see how other people operate.
Wouldn’t hurt to make more of this video each month.
Really appreciate this content. So many other creators stay away from talking money but it’s a very important part of the conversation. Thanks man
I understand and enjoy the transparency. But do account for taxes when pricing the jobs ?
Love this type of financial transparency. Really helps others gauge their own structure and realistic numbers.
It is awesome but he needs to up his rates. That’s why love being a production company not a freelancer. I live close to DC but my rate is closer to $350-$400 per hour including one or two shooters and a PA. I make clean around $275-$300 depending on gig. The lowest I would go is $220 for one man band.
Hope it helps!
This month isn’t completely reflective of my normal rates. This is just based off one month.
@@AcastroAX He mentioned a few times that these are below his normal rates. Rates are very market dependent as well. Being in DC is quite a different market than Dallas. Also as a freelancer, you are providing less than a production and that is reflected in price.
Ive been doing this for 7 years (2 years been a full-time) and this is the first time I see someone so transparent and cool about sharing how much they make! Love and appreciate this type of content because it gives perspective to the newer shooters and even those with some years in the bizz like me. Auto Sub! Thanks for sharing!
Wow, thank you! Hoping it helps others for sure!
The transparency and authenticity is unreal, respect for you keeping it real with us! Makes me wanna watch more
Thank you! Hoping we get more open conversations!
I think this kind of video is so great. I also love just showing how your pricing varies depending on the projects you believe in/want to do. Thanks! great watch.
Sometimes it’s worth taking less pay for a job that you would enjoy or could lead to something more!
do it every month. you've got yourself a new sub
Copy that
As a beginner videographer, this was cool to watch, appreciate you! Good luck
Thank you!
Love the transparency and the breakdown of your jobs. Thank you for the video!
Thanks for the support!
I'm a big numbers guy. I always look at as many metrics as possible to drive up my revenue. Looking at your numbers helps helps them grow.
I look at year over year as a whole.
Certain months verses the previous year.
Average earned per day of work.
When you break it all down, you can find weaknesses in your pricing and correct them.
Walking away from work will often bring better work. But it is always a gamble.
Great video and congrats on the view spikes on the channel!
PS-I'm a numbers guy remember, I see those channel stats!
You know how value your opinion! I’ll definitely be integrating this approach!
Keep this going every month! Or as often as you feel comfortable with.
For sure the plan! I think itll be useful for the holidays too, i know it gets slow around then so having that insight will be helpful for some. Peaks and valleys!
Yeah absolutely like a couple times a year.
Thank you for your transparency Jared!! I love how you’re always willing to work, and I love seeing how small gigs help you land bigger gigs. Such a cool process! You’re taking care of your family, you’re doing work you enjoy, you’re doing great brother!! 🙌🏻🙌🏻
Thanks Tommy! Seriously appreciate that and the constant support from you!
I think this was actually really awesome of you to be super transparent of this type of career. It really helps to keep other people from lowballing themselves too much and then in turn hurting the industry. I deal with that type of lowballing in my industry, and it has gotten so out of hand that I do not see it reversing, and also why I am looking into this industry as a side hustle for now but eventually my main career. 20 years in the automotive industry, things have changed drastically and not for the better. I know how to work hard and hustle, I see this as a good lateral move, and of course putting in the time to learn a new skill and having the patience to do so. You are very inspiring my man, and I really respect your hustle, it is few and far between these days.
I really appreciate that!
Right on man! People underestimate the power of maybe charging a bit less for a large client like a City, huge opportunity to be called back and turn a profit as the relationship grows.
Definitely can be a strategic move if you properly play it right!
Thank you for the transparency Jared! Love that you also talked through what was paid vs still waiting on because this often gets overlooked! Makes for a more realistic look. Love this informal chit chat style yet gets straight to the point and no time wasting.
Yes! Net 30 is brutal sometimes. Having money that is just in the ether while bills come in is frustrating to say the least.
I am SO glad I found this channel. Subbed.
Thank you!
I just found your channel. Loving your content! I think this is very helpful for other freelancers. Way to be so transparent! You've got a new sub.
Thank you!!
Your RUclips page is going to blow up bro. trust! I’m looking into getting into videography as a side hustle (for now) and this content is so so good and helpful thank you!
Thanks! Enjoy the process, videography is so fun!
Appreciate the transparency. Keep it up, just starting up my channel so regardless of the topic watching it happen is inspiring.
You got this!
Love this, this means so much, imma continue to support you
Thanks. I really appreciate that!
great to see what other markets are like. thanks for posting this
No problem!
dude you are awesome! Thanks for that! Talking about money and expenses should not be a taboo, and it inspired me as someone entering the adult life.
Agreed! The conversation helps all of us.
Finaly someone who talks about video and photo for real. 👍🏼 I find most youtubers only talk about how to do youtube. 🤷🏻♂️
Thank you!
Thanks! It’s been a benefit for me bc I get a lot of good advice from people who watch these!
Everyone wins (hopefully)
Appreciate this! I've had many months this year of no income a month and have had to start branching out to other things pretty quickly. Professional video has dropped off massively in London for some reason this year. Always be prospecting! I let it drop a few times and it quickly led to months of nothing, throw Net30 into the mix and you got a dry year!
I feel you! Slow months can be brutal. Net30 is awful, makes it so difficult to ever get aheD
Thank you so much for making this video. Really puts my mind at ease being a freelancer as well!!
Yessir! It’s definitely doable! Good months and bad months!
Dude I really enjoy your authenticity in sharing this info and your process. No need to gate keep because there is plenty for us all.
I’m a filmmaker myself mainly for my church for 15 years but I’m trying to get back into freelance whilst doing RUclips and figure out how to make some type of income again.
Shoot if I could make $7k extra a month that would literally change my life.
There’s more work than we realize. The hard part is often just finding it or them finding us.
The more knowledgeable we all become, the better the creator economy becomes.
This is great. Thanks for being so open and transparent! When I start making money, I may do the same. LOL.
Do it! Thanks for watching!
Love this video. Thanks for being honest and sharing your personal finances with us.
Thanks for watching it!
Love this. Really appreciate the transparency and so helpful as I try to figure out my own business. Thank you
Glad it was helpful!
As soon as i heard Ft Worth I immediately followed. Fellow DFW Filmmaker Photographer here! New sub as well. Nice content sir 👏
Awesome! Thank you! If you want to be apart of my DFW filmmaker group on IG, hmu @lensofjared
Great video! Love the transparency and the context of what you considered a decent rate vs. not so decent.
Thanks! There are jobs that i for sure would rather not do because of the rate. Unfortunately sometimes, id rather make $500 rather then not make anything at all.
Love this !
Thanks!
Thanks for sharing Jared. It’s just cool to see behind-the-scenes of what it takes. I just started my own video production company, and it’s a lot of work but cool to see people being successful at it.
That is awesome! Good luck!
I know you got some heat for this post on Reddit, but I found it incredibly informative and helpful!
Keep it up!
Haha i expect nothing less from Reddit. Still was able to get some cool conversations out of it! Thanks for watching
Very helpful! Very glad I found your channel✌
Glad you’re finding it useful!
Great video, Love the transparency and it's short and to the point! Keep Crushing it!
Thanks! Will do!
Great video! I'm glad you also explain that you are ok with taking lower pay for potential benefits of more work with clients, especially if they are a good client that you enjoy working with.
Absolutely! Sometimes a lower paying gig can lead to way more potential down the road. The hard part is deciphering which jobs are worth it
This is really well done, transparent, and informative - thank you! Any chance you could dedicate an episode to your administrative tools (contracts, consent forms, release forms, etc) and where you found your initial templates?
Sure can! I have some plans for this series, I wanna show the full journey of becoming a proper busjmess
I really appreciate the openness of this. I'm always wondering how often other people in the same/similar field. Not to compare myself but kinda tracking to see if my progress and struggles are normal for other people.
I also love all the BTS content. Super helpful
Thanks for watching! Just know that we all for sure have ups and downs. I’ve had months making only about $2k and months making $25k.
It’s out of your control, all you can do is keep pushing!
@@lensofjared That's it, Just hope the busy times go as long as they can and make up for the dry spells. It's just tough running that way with a family and all.
How much notice do you typically get for some of these jobs?
This is awesome, gives great perspective. Thank you
Glad you enjoyed it!
Very transparent and eye opening for beginner content creators. Can you become rich doing this. YES!! but it won’t be over night and it sure as hell won’t be a consistent ride. There are dry moments. You have to take the crooked with the straights. Very well done sir! I Subscribed 🦾
Crooked with the straights! Love that! Perfectly sums it up.
Thank you so much for being so transparent! Very helpful indeed!
Thanks for watching!
This was great and I'm sure a huge benefit to many! Appreciate the look into your finances for this month, curious to see September! Good luck keep up the good work
Thank you! Hoping for a good September! Already got some bookings lined up 🤞🏼
Bro thank you so much for you being a real person, not trying to "lil bro' us. Please keep it original even when u can retire your wife, dont hide. this is true inspiration. I just started, only been 3 months. Its been actually good, im shooting for one of the largest car brands in the world, although the money is peanuts but like u say, you cant turn down money and opportunity.
Thank you! I hope to keep doing this for many years, as long as people are getting anything out of it. Congrats on the opportunity, go and crush it! My advice: do it as big as you can! If you can afford to rent an extra light or hire a PA, do it. Look to impress and think of this as a great portfolio showcase!
Always great seeing this kind of transparency.
Are these numbers before or after tax? I think its worth mentioning that you will loose ~1/3 of your profits to tax and thats important to factor in. If these numbers were pre tax it did hit your cost of living, but after tax your take home did mot cover cost. This is good to share with newer filmmakers who may not even think of that.
Also would be interested to see cost of doing business factored. You did remove the cost of the people you hired, but what about all your business subscriptions, software, ect. That likely adds up to a few hundred a month.
Thanks for a great video. Would love to see even deeper of a dive next time!
This is pre tax. I’m working with a CPA to get a proper fix on my finances. I’ve definitely been dumb for waiting this long to properly plan for taxes.
People need to keep the resources to themselves man. Your work is YOUR wealth
Horrible way to live life. Plenty of food at the table.
Love the transparency!
Glad you enjoyed it!
Great to hear the amount a filmmaker makes. Always interesting what other filmmakers make.
Thanks for watching! Hope we can start the conversation
thank you for sharing this , it rare where u see someone shares what he earns as a filmmaker lately
i hope we see more videos like this especialy ones on " how to get jobs "
More to come!
Love these set of videos! Would love more! They’re entertaining!
More to come!
thank you for this honestly, its very good for like minded ppl to see the money of any gigs that we all do as creatives. Speaking about money doesn't have to be a sensitive subject
Completely agree, money around these topics should be demystified! Helps everyone
It helps a lot . Keep growing ❤
Thank you, I will
Loving these. Would love to chop it up about freelance at some point!
You in DFW?
Nice vid, happy to see you staying busy 🫡
Thanks man!
I like the "yet" I believe that you will your work is dope!
It’s definitely a goal of mine!
super helpful and inspiring. thanks!
I'm glad you found it helpful!
Yeah this amazing love this content
Thanks!
Nice Boston Breach hat!
Haha thanks!
This is awesome, man! I love hearing from people in similar levels of their career vs hearing from those who have been at it for 20+ years.
Where do you find that you get most of your work from?
Thanks! For me, word of mouth is the best for my niche, esports. The other jobs come from places like Bark and Production hub.
@@lensofjared that’s great that word of mouth is working out for you!
So do you find that bark and services alike are worth the price?
Not being able to pass 4000 is so honest and so real that's some real shit right there
It’s been a hurdle for sure
You’re 100% right . Money is definitely a very taboo topic.
I’m gonna actually take a page out of your book and do a video like this for my own subscribers
Love that man! I definitely wanna watch that when you do!
@@lensofjared I’m gonna shout you out for the inspo. I’m gonna actually start right now
Love the transparency gives me an idea of where i should be putting my rates at. Thanks!
Thanks! Hopefully it helps!
This was agreat video. thanks for the transparency
Glad it was helpful!
Yes, we badly need more financial transparency in the industry. Not a bad month and agreed it should be more for a 7 day job with kit in the Gulf (though you explained the reasons for taking it well - no issue there, if you can translate it to more work, etc.). When I go there (I say it like it's every 2 months, but it is not, both sadly and luckily!) it's usually 1k usd per day with overtime, with per diems, and with travel days at half rate. They _can_ hire local crews at cheaper rates, but (drumroll, this is the important part) when there's a bunch of big events in Saudi and UAE around the same time, there's actually a shortage of competent hands ready to rock, so then _their choice_ is to risk having a possibly inconsistent result or paying you/us what we need to be paid. (And they absolutely can pay that. There are lots of problems in that neck of the woods, shortage of money is not one of them, is what I'm saying).
Good insight! For this, i was hired by a US company and sent out. Definitely still could charge more. My passion is filming esports so when these cool opportunities come up, i try and take it!
I would like to know if you are doing any on the post production on videos you shot for this month. Love the transparency. I hope this video gets tons of views. I know this would help a lot of people in our industry struggling with what they should be charging.
This is all just for production, most jobs don’t need me to do and pre-production or postproduction. I don’t take a lot of editing jobs either since they take so much time.
Much appreciated bro
Happy to help
Appreciated this video!
Thanks for watching!
Love the transparency of this. Couple things that could help as well: do you edit this stuff? Or how does it get handled at the end and is that in the budget?
I do not. I tend to stay away from editing if I can help it.
If I do have to edit, it just varies based off the projects requirements.
Cool Content man!
Thank you!
this helps put into perspective what we should be charging as video pros...and you're just shooting and handing it off if I'm not mistaken...so the people out there doing videos from scratch to final edit have to stop charging $200 lol
Oh man, in my country, people pay 100$ for a all day job, and it’s a good price! They often offer to come and shoot for 15 dollars at the other end of the city, they also want the video to be of professional quality as a result
Yeah that problem is everywhere it seems!
Absolutely love the transparency! Did these price include editing or just filming?
These do not include editing! Aside from making string outs when i was in Saudi for the editor back in the states. But, that took about 20 mins!
Covering the bills with the camera is a good month for sure.
Absolutely, I’ll never be upset about that.
Really appreciate the transparency! How do you go about finding/landing your gigs?
Lots of ways. The quickest way is through Bark and production hub. Varying levels of success but, it’s something that you can start using right now. Other than that, doing networking events and posting content is what i do as well.
been following along for a while now and rarely comment tbh, but wanted to chime in and say you're doing it right m8 👏👏
while i totally love this level of info/content, wondering if you've seen any backlash from clients going public with what they've paid? I know some of the folks I shoot for could give a shit less, but also have a feeling I'd be getting some emails/scrutiny from others. now that you're going on week 5, has this been a concern of any type so far?
I'm still pretty early on in the process, so we'll see!
Tbh. It’s not like they can stop me haha it’s not illegal to talk about finances and I have no problem telling them that 😅
Hey Jared, are you also allocating for taxes on self employment income?
I am not as of now, I’m looking into a CPA bc i definitely need to get my ducks in a row
Hey brother are you also editing all these gigs?
Usually, no I am not. Every now and again I’ll do the edits but, I try to pass them off. Way too time consuming and I find it’s harder to get people to pay what an edit is worth.
@@lensofjaredhey Jared! I’m also an editor and I find it time consuming as well. Looking to start passing off my edits to someone else. How much did you pay the editor(s) for each shoot? Or if you didn’t pass off the editing, how much would you have paid for the editing?
Quick question or two: Are you happy with that amount of money? Does it allow you to live comfortably? …I know these are subjective questions but trying to place this number within a general continuum of satisfaction.
Yes! $7k a month is great as that fully covers all my bills for the month.
Obviously more is better and right now we’re working on bring that cost of living down.
@@lensofjared - Thank you for the response and insights 🙏🏻💪🏻
Liking this transparency here 🙏🏼
All of this is before tax though(?) And do you not charge for your equipment?
This is my exact take home. I do think I’ve messed up with taxes which is why I’m looking into a cpa, if I’m being honest. My rates include my gear
Any platforms you feel have helped a ton like staff me up, or upwork? Or do you feel word of mouth has been the majority helper?
Also are you editing all of this?
Word of mouth will always be the best form! Bark and production hub are good as well for finding work
Good stuff. I am curious, do your day rates include your gear (camera, lens, lights, etc) or do you charge an additional, separate gear fee? Thx
I have multiple price points that include various things
Who is editing the videos you shot? The rates you mentioned are only for shooting but what about editing?
Most of the time I’m handing off the footage for editing. That’s usually decided by the people who hire me for these gigs.
Like it.Thank You
Thank you too!
Dude your mentality alone is going to take you places
Thanks man. Hoping for the best
Don't forget to charge for editing!
I didn’t edit any of these projects.
You may have mentioned this in another video, but is all your gear paid off?
It is! I’m pretty adamant about purchasing my gear up front.
Thankfully I’m at a point now that I have whatever I need for my scale of business. Anything from here would just be upgrades and additions!
Do those filming rates include the editing?
They do not, all of these were based on shooting alone.
@@lensofjared makes sense, thanks. So most clients edit their own material?
I was paid 50 for one wedding event as a freelance videographer
Gotta start somewhere!
How do you bill/invoice your clients?
Usually I use square or zelle
What do you do about taxes? I'm still a sole proprietor as I don't have the need to become an LLC. Do you save a percentage from each job for taxes? I tend to do 25% of each job which gets put into its own account. Thanks! Super informative video!
Honestly, you’re ahead of me. As of right now i just maintain a certain threshold in my bank account and expect around $8k of it to be for taxes. We are looking into a CPA right now to help. I do keep track of all my purchases.
@@lensofjared This is my first year as a full-time, freelance photographer and videographer. Haven't been good in the past with saving money so trying to make it a habit. I use QuickBooks for all my invoicing which helps keep everything in track. I also have a spreadsheet with the dates I was paid in the amount. I'm also looking to work with a CPA this year as I don't want to mess anything up and get audited haha.
Do you take into account income taxes when you accept these types of jobs? That's one of the hard things about being self-employed, as you're taxed at a higher rate than W-2 employees.
I don’t as of now but, I’m looking into a CPA to get all my ducks in a row
@@lensofjared Awesome. Just remember that Uncle Sam will take about 20-30% of that income come tax season. Next year, I plan to implement the Profit First system (it's a great book, Justin Porter does the same thing) to make sure we account for that phantom cost. I would also recommend talking to a financial planner about opening a retirement account if you haven't done it yet. The future is coming.
We do have a Roth IRA right now, but completely agree!
We also keep a certain threshold in our account for taxes. Definitely looking to get ahead though and make it as cheap as we can.
What would consider a bad month 0$?
If I can make around $5k I’m happy, anything over my cost of living is what I’m aiming for.
@@lensofjared thats great
Loving these. Would love to chop it up about freelance at some point!