So you want to earn money as being 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”. Knowing that, making a movie is a daunting task and each and every day, Click are being made and sold to a variety of audiences.
Because you do have a story or even a screenplay as well as the talent to create a movie doesn’t necessarily mean you can make money with the film. Today there is a plethora of movies being made: and among those being made, only a small portion of the films can even make money for independent producers.
Sure if one makes a movie for $10,000 and obtain a deal that is certainly worth millions like “Paranormal Activity” you definitely is likely to make money. But “Paranormal Activity” is definitely the exception not the rule. In addition to the advertising plan for that film is in the tens of millions of dollars. With this form of promotional dollars the movie was certain to have the filmmakers money.
So what can one does to make sure your film is a success? And will you do it without spending your inheritance? Well yes and no. Audiences are fickle. Produce a movie you imagine is great still may flop because nobody watches it.
Maintain your eye on the goal: to earn money as being an independent producer. If you have never produced a film before and therefore are to set the entire world on fire, good luck. It will most likely not happen. And in case your ultimate goal is to create a living as being an independent producer you must stick to a few basic rules towards that goal.
First of all use a great story and after you turn it into a script have somebody give you advice onto it. The tale should have a beginning, middle plus an end. Sounds simple and easy , simple, nevertheless it isn’t always the case. Very first time filmmakers (and those that aren’t first timers) are usually shooting excessive and editing too long and lose the impact of a good story by setting up excessive material
Second keep the budget low and use actors that understand how to act. This usually means getting actors which have credentials and also have been in films before. If 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 relates to keeping your finances low and having the ability to put money where it counts. Rehearsing is one area that can keep the quantity of takes as low as possible. A good principle to remember is the fact indie movies needs to have E & O insurance coverage not less than $1,000,000 for each and every claim and $3,000,000 aggregate for all claims having a policy deductible no more than $ten thousand. A good E & O insurance representative can explain the whole process according to your movie’s unique elements.
You can find those times a producer realizes the first movie budget did not include a line item expense for E & O insurance or they had no clue that it will be a needed to get their movie sold and distributed. When they step to the table to sign a distribution agreement there is absolutely no money to cover E & O insurance policy.
It’s not the conclusion around the world if you find yourself short on money to obtain E & O insurance. When a distributor is really hot to get a movie they are able to front the price by way of a carrier they handle frequently. The indie film producer will not have to get out of pocket upfront for the cost. Nevertheless the distribution company will recoup the money spent from your sales, commonly iuuryi to as being a “charge back” for the indie film producer.
Be realistic that it’s most likely the distribution company will not have an indie film producer a great rate on E & O insurance. Think about it like buying something on credit you can’t afford and paying an increased interest rate down the road. However, if an indie film producer’s pockets are light money there exists not another choice until you pass on the deal. Easy credit will cost indie film producers much more of their future movie profits down the line.
An indie film producer is way better off should they browse around for E & O insurance, obtain a firm quote, and include that real cost into the overall movie budget before shooting one frame. Making indie movies requires a squeeze a nickel until it bleeds approach. Save each of the money you can where you can in production!
Fourth, start looking for a distributor or sales agent prior to starting to film. If you have not talked using a distributor prior to starting your film do so now. And finally, keep a good paper trail. Many films are never distributed because the producer had hand shake works with everyone. That may function in school, but in real life it doesn’t work.