THE FIRST THING YOU ASK THE CUSTOMER WHAT IS YOUR BUDGET!!!!! don't play the oh whats your cost cat and mouse you need to know the budget so you can plan accordingly
@@anjomo96you gotta ask them what are you comfortable paying for this type of project, and then see what they say and then if you’re comfortable or uncomfortable with that price go back and draw up a budget that fits and email it back over solves a bit of both
Firing your clients, buying back your time, narrowing your product offerings, and business coaching are a brilliant way to "restart" your company in a way that allows it to grow without limit. I love the idea that you are going to offer specialized video business coaching. So many small businesses struggle, not because they don't have a great product, but because they don't understand how to build a business. Your channel is always such an inspiration! 😊
Hello!I just watched your video on tripod usage and its importance in filmmaking, and I must say, it's incredibly informative! Your detailed breakdown of how different tripod features impact stability and shot quality is invaluable. The practical tips you shared will undoubtedly help both novice and experienced filmmakers enhance their work. Thanks for sharing your expertise!
Me and my Business partner thought we were going crazy and did not know why we were feeling this way. I sent this to him and we both said, this is exactly what we needed to hear. This is Gold brother and thank you for sharing your true thoughts.
If I can ask @ChriaFranklinJr you stated around 2:30 that you hired a 'right hand'. 1. Where did you look to hire a right hand? 2. How did you go about posting your request for a right hand? 3. What do you recommend paying a right hand a month? Is it a percentage of each project?
To clarify, just because it’s facts doesn’t mean it’s not bragging. 😅 also, I wish people would show their net income more frequently, rather than just gross which can be pretty misleading. I only did roughly $200k last year (pre tax), but my expenses were low so my net profit was around $170k (pre tax). I have done higher income in previous years with less net profit (due to paying for larger crews, gear and such). Anyways man, congrats on your gross profit, that’s pretty wicked! And firing old clients is low key the most essential thing we can do when trying to take our video business to the next level. That alone moved me into the 6-figure range a few years back. It’s uncomfortable, but the results are undeniable.
Because of this comment I just sat and filmed a 9 minute video deep diving into what a retainer model process would look like for someone who wanting to build relationships with new clients. I recommend you start small and focus on relationships with people and how you can add value to their business through video. Maybe you give them a sample of what their business paired with video could look like. We have to put the people first and the business will come. Video coming soon.
Hey Chris. I am looking at your retainer budget, a few questions. What is Project Milestone Cadence? Also, are you being paid $10K/mo. regardless of whether or not the client does the 5 videos, do they decide what the three internals are or are you helping them? Seems to me that, for the retainer to work for you you will need them to be in it for a few months at least which means coming up with multiple internal videos. BTW, I loved your video with Chris Do a few years ago and the recent one when you are down $150k/yr. That's my current situation also.
Excellent question! With my most recent client, we had a TON of discovery meetings before hand. I actually met with them over the course of 4 months. We discussed how video may fit into their company and we workshopped the deliverables together. We check in every month to make sure we're hitting the mark. This client is more relationship based so I have the extra time to dedicate to them and take that risk.
Happy to help! I was paying around $3600 a month to have someone with me for every shoot and handle about 70% of the editing! The main thing that my business coach taught me was to focus on getting the project done with 30% of the budget! So I normally dedicate about that much per project to outsource.
@@ChrisFranklinJr so in this case if you were to charge around 10k a month as your gross profit your net profit would be around $5400 per month after overhead expenses?
@@charliegamezmedia Exactly! BUT, because I pay my editor on retainer as well, I'm able to throw more than just this single retainer client at them and they help me edit them all. So some months I am able to bring it $25k while still keeping my editing expenses relatively low. That's offset because sometimes they don't have a ton of work to do. I will be making a deep dive into this topic soon actually!
It was about $150k but that was VERY Skewed because I chose to take about $70k and buy some very specific things for the business. (not entirely necessary purchases to function, but things I wanted to make life easier.)
Ready to change your mindset? Grow with a community: www.patreon.com/ChrisFranklinJr
THE FIRST THING YOU ASK THE CUSTOMER WHAT IS YOUR BUDGET!!!!! don't play the oh whats your cost cat and mouse you need to know the budget so you can plan accordingly
TALK THAT TALK! A mistake that has cost me THOUSANDS.
I've asked that question...cost me a ton of money as well. Asking them their budget is the kiss of death.
@@anjomo96you gotta ask them what are you comfortable paying for this type of project, and then see what they say and then if you’re comfortable or uncomfortable with that price go back and draw up a budget that fits and email it back over solves a bit of both
@@anjomo96I agree with you bro, after that it’s almost like the point of no return.
Such rich content here, no fluff straight to the point! You are a blessing to the community, looking forward to seeing more!
Ayye!! Thank you so much! Here to help!
Amazing!!!God Bless you Chris thanks a lot for your kindness!!
Doing my best to help!! 🙌🏾
Firing your clients, buying back your time, narrowing your product offerings, and business coaching are a brilliant way to "restart" your company in a way that allows it to grow without limit. I love the idea that you are going to offer specialized video business coaching. So many small businesses struggle, not because they don't have a great product, but because they don't understand how to build a business. Your channel is always such an inspiration! 😊
Hello!I just watched your video on tripod usage and its importance in filmmaking, and I must say, it's incredibly informative! Your detailed breakdown of how different tripod features impact stability and shot quality is invaluable. The practical tips you shared will undoubtedly help both novice and experienced filmmakers enhance their work. Thanks for sharing your expertise!
Clients like the one who told you about the money on the table are angels!
Me and my Business partner thought we were going crazy and did not know why we were feeling this way. I sent this to him and we both said, this is exactly what we needed to hear. This is Gold brother and thank you for sharing your true thoughts.
Aye! Glad that I could help!!
If I can ask @ChriaFranklinJr you stated around 2:30 that you hired a 'right hand'.
1. Where did you look to hire a right hand?
2. How did you go about posting your request for a right hand?
3. What do you recommend paying a right hand a month? Is it a percentage of each project?
Brother out here dropping gems 💎💎💎💎💎
Gotta give VALUE whenever I can!
Massive congrats again mate, absolutely killing it!!
Thanks Flo! I hope you’re well! 🙌🏾
3:41 - That's a great client, this kind of feedback is invaluable
We still work together to this day! I loved their honesty. They helped me understand my worth!
Love your content man, just came across your channel recently. Subbed!
Yo!! Thanks!!
Bro im bout to sign up rn i need this so bad
Let’s go!! Down to help out any way I can!
@@ChrisFranklinJr JUST SIGNED UP BROOO!! YOU GOT GOLD IN THIS ND IM JUST IN THE FREE VERSION!
@@1ShotNas much love!! Ayeee I’m trying to give back as much as I can! 🙌🏾🙌🏾
You're in Mississippi doing that, too? Awesome
There’s money to be made! Just have to search for it!
To clarify, just because it’s facts doesn’t mean it’s not bragging. 😅 also, I wish people would show their net income more frequently, rather than just gross which can be pretty misleading.
I only did roughly $200k last year (pre tax), but my expenses were low so my net profit was around $170k (pre tax). I have done higher income in previous years with less net profit (due to paying for larger crews, gear and such).
Anyways man, congrats on your gross profit, that’s pretty wicked! And firing old clients is low key the most essential thing we can do when trying to take our video business to the next level. That alone moved me into the 6-figure range a few years back. It’s uncomfortable, but the results are undeniable.
Congrats on the net profit! Actually insane! And yeah man, it's tough to let go of the immediate money but it makes you more in the end!
Such an inspiration! Send this to my mates to grab ideas and plan our growth. Thank you, Chris!!!
Absolutely!! Happy to help!!
What was your Net Profit?
So much gold in this video, thank you for all the help!
Happy to help!!
Mad respect, Chris. Thank you so much!
Much love!!
Bruh, I wish I watched this video when I got started. Thanks for sharing it. Keep it pushing!
That means alot! Hey, I am here to help!!
So much value in this video!!! Let’s go!!!!
Ayye!! My boy!! It’s just the start!
This is awesome man. Thank you for sharing with us!
Absolutely! Here to help!
#Goals
Fantastic video Chris!!!
Thanks!!
Whew man… this sounds like me right now. Still going through the video but not even half way in, signed up.
MUCH LOVE!!
Christmas in May? I’ll take it!
Aye!! Let's go!!
Great video ❤️ I feel like I need to surround myself with more talented likeminded individuals
It’s one of the most impactful things that you can do!! If you ever want to join our community, I’d love to have you around!
Was this before or after your sessions with Chris Do?
This was before our most recent session! But AFTER I was already being coached by him for a couple years.
How would you rate these in tiers like beginner videographer should do this? Would it be helping videographers who are not getting a lot of business??
Because of this comment I just sat and filmed a 9 minute video deep diving into what a retainer model process would look like for someone who wanting to build relationships with new clients.
I recommend you start small and focus on relationships with people and how you can add value to their business through video. Maybe you give them a sample of what their business paired with video could look like. We have to put the people first and the business will come. Video coming soon.
@@ChrisFranklinJr thanks for the advice, and I will definitely will look out for your video. Definitely still going to support some way when I can.
Great video, definitely some solid tips I need to apply to myself. I’m so bad about making content for myself😂
Trust me, I understand! It’s super tough. I’m still working on my consistency!
Your guidelines seems to only be available for IPhone users because its asking for Apple ID .
Really?? Patreon should let you sign up with just your email. You can also do it on a computer! Shouldn’t be any iOS requirements. I’ll check it out.
@@ChrisFranklinJr I got it via computer. Thank you. ✌
Thank you for this!
Hey! Happy to help!
Hey Chris. I am looking at your retainer budget, a few questions. What is Project Milestone Cadence? Also, are you being paid $10K/mo. regardless of whether or not the client does the 5 videos, do they decide what the three internals are or are you helping them? Seems to me that, for the retainer to work for you you will need them to be in it for a few months at least which means coming up with multiple internal videos.
BTW, I loved your video with Chris Do a few years ago and the recent one when you are down $150k/yr. That's my current situation also.
Excellent question! With my most recent client, we had a TON of discovery meetings before hand. I actually met with them over the course of 4 months. We discussed how video may fit into their company and we workshopped the deliverables together. We check in every month to make sure we're hitting the mark. This client is more relationship based so I have the extra time to dedicate to them and take that risk.
Got it. Thanks.
so much value given thank you so much! could I ask how much you are paying on average when you outsource? are these people local to you?
Happy to help! I was paying around $3600 a month to have someone with me for every shoot and handle about 70% of the editing! The main thing that my business coach taught me was to focus on getting the project done with 30% of the budget! So I normally dedicate about that much per project to outsource.
Local! btw! I am working on a process for full external editing though!
@@ChrisFranklinJr so in this case if you were to charge around 10k a month as your gross profit your net profit would be around $5400 per month after overhead expenses?
@@charliegamezmedia Exactly! BUT, because I pay my editor on retainer as well, I'm able to throw more than just this single retainer client at them and they help me edit them all. So some months I am able to bring it $25k while still keeping my editing expenses relatively low. That's offset because sometimes they don't have a ton of work to do.
I will be making a deep dive into this topic soon actually!
1 minute in and we sound identical in our situation….
The life of a creative!!
What was your NET income
It was about $150k but that was VERY Skewed because I chose to take about $70k and buy some very specific things for the business. (not entirely necessary purchases to function, but things I wanted to make life easier.)
@@ChrisFranklinJr I feel ya bro. Gross and net can be vary different for some peeps :)
💡✊🏾
🙌🏾🔥
📈📈
Ayyye!!
$300k shoooot let me hold $10 🤣 jkjk
I’m broke 👀😂
Great Love From Pakistan :)
Much Love!!
Basically a sales video ! Not cool man
So sorry that you feel this way! If the coaching course is not for you, I hope that you can find value in the first half of the video.
@@ChrisFranklinJr You can't please everyone. Keep pushing bro.
@@stevens2279 You're entirely right about that!