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Editing as a Side Business – Thoughts?
Hey Everyone,
Before I ask this, just wanted to thank everyone for all the very informative and helpful community here at Creative Cow. I’ve learned a lot.
Here’s my thought and wanted feedback on it.
I’ve been editing in Sony Vegas for about 2 years now. I really enjoy it, and love editing all my home movies etc. I’ve recently been asked by friends to edit their footage from their kids birthday parties etc.
I’ve done so and also enjoyed it, primarily since I’m just editing it, not having to take all the photos and video.So my question is, how viable is it to try start a very small editing business for home movies etc. I know there a loads of folks who have tons of photos and video just sitting on their hard drive and they don’t have knowledge or time to learn the editing system.
My goals would be the following:
1. This would never replace my day job. I would charge low rates initially (Say either $15 per hour or some fixed amount for a finished minute of video).
2. My monthly goal would be $1,500 to $2,000 – so more supplemental.
3. Thinking start up costs are around $2-3K for upgrading system and doing some advertising and word of mouth.
4. Wouldn’t start right away, but would do more practice so probably by next summer.
What do you think are the major reasons NOT to do this?
What major hurdles would have to be overcome?
I searched online and found very few examples of this so I’m sure there’s a reason. Maybe more problems than it’s worth. Perhaps the subjectivity factor and disagreements between customer. Also Music and licensing would be a huge factor (would have to have generic lame music and not Coldplay (or other contemporary artist). Any other reasons?
Any other thoughts on this (even if it’s “Are you crazy? Won’t work”)
Thanks in advance for all your thoughts and comments. Greatly Appreciated!
Eric