4 Suggestions to Hiring a Video Production Company
April 28, 2015
We get called frequently to create videos for potential clients. We are asked many of the same questions. But when it comes to hiring a video production company, asking the right questions and investing a little time will be worth the effort. You’ll end up with a much better resulting video that will professionally position your company. Choosing a production company can be a delicate process because, many times, you’re asked to pay up front for something that doesn’t even exist yet.
What to Consider When Hiring a Video Production Company
Listed in this blog posting are a few insider tips to finding a production company that can produce the high-quality video your business deserves.
- Demo Reel – Don’t Be Fooled! Many production companies create a great demo reel on their homepage. Usually it is just about two or three minutes long showing you snippets from multiple projects they’ve worked on. Looks cool. Looks like they can produce a great product…but the real question is, “What does the finished product look like?” Your video isn’t being created to just be pretty or cool, it’s created to effectively communicate a specific message you’ve created. You’ll want to dig a little deeper into the project to find out what the client was trying to create and the message they were trying to communicate. If you can’t find the finished product (red flag!), you might want to keep looking.
- Recent Projects. While we don’t always update our website as soon as we’ve completed a project (admittedly, we probably do this two or three times a year), if you can’t find a single recent project that was completed in the past few months, you’re probably dealing with someone who isn’t doing this type of work full time or isn’t very detailed in their business. Take a few minutes to visit their social media pages to see what their most recent works look like. Recent projects usually show you exactly what they can do and as well as show you their strengths.
- Get Quotes. While we don’t enjoy being shopped around, we also know that when we are shopped around, we’ll do well. Last year, we assessed our pricing to determine if we were in line with the market. We sent out a fake RFP (through a friend’s company) to see how other companies would bid on a project. What we found was shocking! We found that for the same project, bids were between $800 and $20,000! That’s a pretty big delta! When evaluating who to work with, think about the value you’ll receive (that doesn’t mean cheapest or most expensive) and the one with the best value is the one you should choose.
- You Usually Get What You Pay For. You can hire someone at any price to create your video. If you want to be on the upper end of the scale above ($20,000), you can find someone to charge you for that and probably wow you with their equipment and style. If you want to be on the lower end of the scale above ($800), you can find some college student or someone newer to the industry who is trying to build up his or her portfolio to produce your video. Keep in mind that professionals that require higher rates can do so because they are confident in their product and have enough experience to make your video stand out from the rest.
Keep in mind, these are recommendations we have when you’re trying to find a video production company. You may have other thoughts. If you do, or if you have questions, we’d love to answer them in the comment section. Feel free to post a question or comment below. Until then, good luck in your search!
Source: Jager, J. (2015). 4 Tips for Hiring a Great Video Production Company. Entrepreneur Magazine Online. Retrieved from http://www.entrepreneur.com/article/243236 on April 24, 2015.