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Need advice for a student-run videography company
I’ve been lurking for the past several months — reading the discussions has been immensely educational and encouraging to me! I need some help, and I have some ideas that need the COW’s wisdom…
I run a small video production company in Lancaster, PA — our website is http://www.tangentidea.com. Right now, all of us (except Nathan) are college or high school students. I created the company so that we could more easily and professionally market our skills as an entity, rather than individuals. We’re in this to get experience and make money with our existing skills. Being students offers us slightly unique flexibility — we can hide that and appear professional, or play the student card when we need favors. Also, our schedules are very flexible, we don’t have mortgages to pay, families to feed, or student loans to repay (yet), so we can afford to fail right now. And even if we do, we’ll get some valuable experience and some videos to put on the demo reel once we graduate.
Our first year in existence will actually show a profit, which I’m glad for — nothing amazing, but it covers our time and operating costs. However, going into this next year, we really need a strategy to make us competitive and unique in this market.
Locally, most broadcast commercials are done by TV stations or Smokeys. I figure, that’s not a market that we could easily break into… or is it? Any ideas on how we could get into that?
We’ve done weddings, it’s decent money, but I don’t want to be a commodity in that market. Now, we do full HDV shoots now, and I shoot some in Super8, but so far my experience has been that couples want the cheapest person possible. How do we market a higher quality product to couples, and convince them that this is worth paying extra for?
Non-profits and churches have actually been our greatest income and support. It’s tricky, though — some are absolutely fantastic to work with, but a few are “squeezers,” just trying to get the cheapest product they can out of us. A local church has outsourced a few of their video projects to me and asked me to train some of their own camera operators, and that’s worked out great. Is there a good way to try to build on that business, and market that to other churches in the area?
But we do more than just video production — Tyler and I actually worked as actors for 7 years, Doug’s worked at a theme park booking national acts for them for the past few years and running all their audio, Chris does 3D animation and web design, Tina does graphic design, and I do PHP/MySQL programming… how can we effectively market this suite of services to companies or individuals?
It’s probably naive of us, but we don’t really want to do weddings, car commercials, corporate videos, or dance recitals for the rest of our lives, but I realize that is where a lot of the money is. However, much of that business, in my experience so far, is tied up by “the guy that we always work with.” So rather than trying to break up those existing relationships, I’d like to try to market us as being unique, and doing something different than existing videography and marketing companies in Lancaster.
I’d love the opportunity for us to work with a small new business or a band and help them create their brand identity, design their website, create their print/TV/radio ads, or help a museum create mini-documentaries and kiosks for their displays, or work with an artist to create a video art installation, or work with a theater to build their A/V system and integrate video into their productions…
I’d love the opportunity for us to work with a small new business or a band and help them create their brand identity, design their website, create their print/TV/radio ads, or help a museum create mini-documentaries and kiosks for their displays, or work with an artist to create a video art installation, or work with a theater to build their A/V system and integrate video into their productions…
Does that sort of make sense? What does the wisdom of the COW recommend?
-Ryan