Below, we delve into these factors, providing a comprehensive understanding of what goes into the cost of a corporate video. We’ll also provide insights and tips on how you can maximize your video marketing budget, ensuring you get the best return on your investment.
Planning Ahead
Planning is a crucial stage in the video production process. The more clarity you have about your video marketing needs, goals, and message in advance, the more you can save by reducing rewrites, reshoots, and revisions. Sharing these details with your video production team before the project starts can help streamline the process, reducing the time required to develop a concept, write a script, and plan for the shoot.
It’s not just about saving time; it’s also about ensuring the end product aligns with your vision and goals. A well-planned video is more likely to hit the mark in terms of messaging, tone, and audience engagement. It can also keep the number of filming days and editing revisions to a minimum, further saving on costs. Therefore, investing time in the planning stage can pay dividends in the long run, both in terms of cost and the effectiveness of your corporate video.
Type and Length of Corporate Video
On the other hand, a 2-minute testimonial video, while longer, may be simpler to produce. However, it may require more time in the editing room to condense a lengthy interview into a concise, engaging narrative. Understanding the requirements and challenges of different types of videos can help you budget more effectively and set realistic expectations for your project.
Project Timeline
The timeline of your project can also impact the cost. The time it takes to produce a corporate video can vary depending on the type and amount of videos needed, but the process typically takes 1.5 – 2 months from beginning to end. This includes time for planning, scriptwriting, location scouting, filming, and post-production.
A clear plan and a healthy timeline can help you avoid unforeseen rush fees. However, if you need your video quickly, be prepared to pay a premium for expedited services. It’s also important to factor in time for revisions and feedback, ensuring the final product meets your expectations.
Scope of Video and Maximizing Your Budget
Being open with your video production team about your budget early on can help set expectations and reduce friction. It allows the team to make recommendations that align with your budget, ensuring you get the most value for your money.
To maximize your video marketing budget, plan your project as much as possible to reduce the pre-production work required. Have a general idea of your goals, message, target audience, and video concept before contacting a professional video production company. While hiring actors and renting filming locations is sometimes necessary, featuring your employees and office space is one way to cut down on costs and may feel more honest and authentic.