You want to start your own editing co-op or boutique or whatever the trendy name is these days, with just you and one other guy.
Well, I often tell folks the only real piece of equipment you need to own to become a film maker is a telephone. What I’m getting at is, regarding the chicken and egg situation, who says you have to own the chicken from the start?
Everybody concentrates on the gear, the tools. But anybody can get or borrow the identical tools, the job always comes down to the guy or gal that wields the tool, who gets the unique RESULTS with the tool. When you are selling people on the idea of booking you, the emphasis has to be on YOU. Not the space. Not the delicous snack tray by the client’s couch. Not the trendy art in the reception area. And not even the high-powered gear itself. Gear is transitory. Gear is just a means, not the goal.
All those things are commodities. The true product, the true capital, is your human capital, your skills and talent and creativity. Lead with that. Sell that. Make them understand that they are hiring an Editor, a service, not a commodity. Let the hardware issue fall by the wayside. You could edit their stuff at somebody else’s existing facility, on someone else’s equipment. Nobody watching the results you get could tell the difference. BECAUSE THAT’S NOT THE IMPORTANT PART.
Do you have a list of clients you’ve already lined up from previous gigs that would be interested in working with you directly? That seems a prerequisite. You need a client who understands what you are selling: you. If they shop for their editing by looking at brochure pictures of facilites or a list of hardware, you never were going to win that job. You can’t win the commoditization race, ever. If they instead ask: “who was the guy that did the xyz spot, how did he come up with THAT?” This is the client you want to try for.
When I was just a kid out of school doing freelance corporate producing, shooting, and editing, I didn’t own anything but a crummy little car to get me to gigs and one suit. Roger Corman would have thought he’d seen his mirror image. Everything was rented, the editing time was rented too, and all the costs passed on with an appropriate markup. The customer never knew nor cared where or how the work got done, they never attended my editing sessions and for all they knew my work was done in a Gold Coast loft; what mattered was the result he saw on his TV set when he put the final tape in his VCR. A difference that makes no difference, IS no difference.
My advice, Start small: use other existing facilites while you build a nest egg, edit without the client in attendance at first, bring all the work to them at their offices. Start with just one setup, and split-shift the work if you have to. Lease the editing gear for a single seat and house it in as cheap but practical a space as possible. Base the lease on having lined up a few initial jobs to start some cash flow, and don’t start until that’s been done.
Even better: skip leasing a space altogether and offer to set up your leased gear in flypack mode in a spare office at the client’s place to start with. Be virtual, reduce conventional business expenses, leverage off the close communication with the client in their own space, while leeching off their utilities and space rental. Put every dollar, er, pound, on the screen that’s not going into retiring debt or investing in things that grow the business.
And never forget that what they are really paying for is what’s between your ears, not what’s in the rack.
YOU are the egg.
Get cracking.