How much does it cost to make a video?

How much does it cost to make a video?

Videos have become the in thing for many businesses. Businesses have realized the importance of using a short video to introduce their products and services to the market. Videos are a good idea if you want to expand your reach and also increase engagement. But the big question out there is how much does it cost to make a video? In this article, we’re going to break it up for you and help you decide how to go about creating your video depending on your budget.

For a budget between $9 to $1000

If you have a smaller budget, you had better use a DIY Animation platform to create your video. There are platforms that you can harness to create your video without spending much. One such platform is Wideo. A monthly subscription on the Wideo platform will cost you $9-$39 per month. The subscription will allow you to access an HD Animation platform with a complete library of music characters and shapes. Even if you are using the services of a freelancer, the pre-design work will cut down the freelancer’s fee.  Also, the storyboard and editing can be done using the platform.

For a budget ranging between $1,000-$3,000

For your budget fits the above range, you can use the services of freelancers. Freelancers are cheaper than production houses, but that does not necessarily mean that they use inferior equipment. The freelancers are less expensive because they work from home and so they do not incur overheads that are incurred with production houses. However, before engaging the services of a freelancer, you should decide whether you want an animated clip or a live action. A live action may require the renting of different equipment meaning contracting multiple contractors to handle different faces of the video production which could end up being expensive in the long run.

For a budge between $3,000-$5,000

The above budget range is perfect for a Smaller Niche Video Production House. Such production houses can deliver services more or the same as the giant production houses, but they are limited in terms of equipment, software’s, and personnel. Also, the options available are not wide so that you will probably have to choose from the live action, whiteboard or motion graphics.

If your budget is between $5,000 -$10,000+

The above budget can get you the services of a video production company. Giant production companies offer a wide range of packages that vary in prices. They are expensive as a result of their overheads. However, they provide top of the range production equipment and software. The video production company will also give you a wide range of options to choose from.

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