Tips to Starting your Own Video Production Company

Hey guys; how was your day today? I would be sharing with you guys tips on how to start and run a successful video production Business other wise known as Videography .Video production has to do with provision of video content ranging from Commercials, Music videos, films, Educational materials and Event coverage.First of all, you have to note  that to run a successful Videography service Content is Key and so is Packaging ... Below are steps on how to starting your Video production company.

Step One

Write a business plan: These describe your primary video production mission, experience you have as a producer and a marketing plan. Also these  includes your list of Equipment you have and the ones needed to successfully run the company.
The business plan also help you to show potential investors you are serious.

Step2
Setup a business Entity:register your business name and company either as a sole proprietorship or partnership company
-also get a tax identification number by registering with the Internal revenue service(IRS)

Step 3

  Purchase your Equipment: These includes (cameras, tripods, wireless mics, laptops, editing soft wears, lights and various lenses)
-Depending on the caliber of equipment; for start up at least two million Naira is enough for a good start up

Step 4
Design a logo, business card and website to help establish your video business brand

Step 5

Edit a show-reel together of your past work: A show-reel is a compilation of the work you have done in the past, it help to show clients what you are capable of, it usually last between 4 to about 5 minutes

Step 6
Place your show reels on your website or other streaming sites also make a DVD of the show reel to give to prospective clients.

Step 7
Create a price list of your services: These is often broken down into hourly rates or a per production cost rate, offer complete packages as well as services for editing family videos or duplicating other videos

Step 8
Get a production agreement form: this will help to guide your business against late agreement issues with clients. Refer to videomakers.com 

I hope with these few tips i have been able to answer some of the questions bordering you about how to do your start up. just in case you still have some questions or you have a topic you would like me to talk about leave a comment or email me on Twochapterstudios@gmail.com or Bigdavidau@gmail.com i would be glad to help out. 
David Daudu 

 Anticipate my next post on Running a Music Business 101!!!!