How to charge the perfect rate

[@Jmac-1]

its so crazy that the other influencers who come on this page do not even say what they charge, because most of them are just gear heads. thank you for helping others man bless up

[@Semesem_]

@@Jmac-1 yeah some aren’t in the industry for work , just hobbyists

[@TradeshowThomas]

saying no to any prospect who tries to get a lower price has been a huge benefit. In the past (when I occasionally agreed to a discount) those people always ended up being the problem clients in terms of scope creep.

[@RICHCRAFT-bu8tw]

Great information thank you!

[@Semesem_]

@@RICHCRAFT-bu8tw I appreciate that thank You

[@MBVideo_Productions]

So valuable man bravo 👏 I’ve done this and you’re right it helps close the deal.

[@Semesem_]

@@MBVideo_Productions I appreciate the comment 🙏

[@frombehindthechair1558]

Great job, makes sense. Coming from 30 plus year barber/barber instructor/shop owner getting started in photography and videography.

[@jacinthephoto]

thank you sir.

[@Semesem_]

@@jacinthephoto no problem

[@UrbaneVisions]

The part about offering choices is CRITICAL. It's like proactively negotiating and allows you to set the parameters preemptively as opposed to someone wanting the same thing at a lower price. If they want a lower price, they get less work out of you. Also, it saves a lot of back and forth.

[@Semesem_]

@@UrbaneVisions yes it does. I’ve found it keeps people from Price hunting and just lets them make all their decisions with me

[@keylanph]

Openly talking about money (in a productive way) needs to be destigmatized across the board. I’ve always been open about my pricing with my colleagues and we’ve all been able to grow considerably based on knowing what each other are charging.

[@Semesem_]

That’s amazing and that’s how it should be

[@justesmond]

Great points. I like the option strategy.

[@Semesem_]

@@justesmond it’s one of my favorites that I use for myself

[@Yabba02]

Love the authenticness

[@Semesem_]

@@Yabba02 I’m grateful thank you

[@fullfokus-video]

The illusion of choice, very smart to give those kind of options! You got a new subscriber, all the way from Sweden 😎

[@azrrrrrrrr]

Hi, sorry for hijacking your comment but i had to ask-how is videography bussiness in Sweden? Is there enough work and how hard is the competition? Here in Croatia there is lots of work but unfortunately big media agency have connections and take 90% of the work,leaving only crumbs to us freelancers...

[@Semesem_]

@@fullfokus-video thank you. This method has served me Well

[@Reuel_Media]

these videos are very helpful keep them coming man!

[@Semesem_]

@@Reuel_Media I’m grateful my experiences are helpful to you all

[@p2mthedirector]

You have a new subscriber!🎉

[@Semesem_]

I appreciate it 🙏🏽🙏🏽

[@Shels_pwnz]

This is absolute gold! This can be so helpful in what is a very touchy topic to discuss in our field. I believe we touched on it between our conversations, but being this transparent and honest is truly the best thing ever. Explaining the how, when and why you charge what you charge will help guide those that are not sure what rates should look like for particular jobs. This honest info I feel that is missing from this platform Thank you! Keep pushing!

[@Semesem_]

@@Shels_pwnz man I’m realizing exactly that from the responses I’m getting just from touching on money 2 times. So I guess I might just live here for awhile in terms of honest discussion

[@ShotByCurt]

Droppin 💎’s good stuff man

[@KLEVISUALS]

Great video Semeion! I’ve been doing videography on the side for the past 4 years, but I just took the plunge and started my own company in March so these videos have been very refreshing and motivating. Your work is super inspiring, and I’d love to pick your brain about the industry if you ever have a little time-maybe over Discord or Zoom? I know you’re probably busy, but it would mean a lot. Thanks, and keep up the awesome work!

[@Semesem_]

That is awesome! Sure we can talk about that. DM me on Instagram

[@tyanderstudio]

Excellent video and a new subscriber! Will you have any tips on how to charge for content creation packages in the future, if that's not covered already?

[@Semesem_]

@@tyanderstudio I can definitely cover it

[@tyanderstudio]

@@Semesem_ cheers man, that'd definitely be appreciated, not just by me I imagine! I look forward to checking all your other vids 👍🏻

[@MrLucrativethought]

You have videos on how to create a retainer?

[@Semesem_]

@@MrLucrativethought I can create one. Thanks for the idea

[@MrLucrativethought]

@@Semesem_ great looking forward. Might be a good question for a lot of people!

[@OnlyAmv90]

I have a hard time landed clients, what’s the best way to do that?

[@Semesem_]

@@OnlyAmv90 I’ll make a video on that

[@OnlyAmv90]

@@Semesem_ Thank you!

[@RasheedJones]

I live in a small city and EVERY ONE is a photographer and a film maker now. All shooting basically for free. I’ve been filming for 12 years and my clients are basically gone. AI is not helping the game also. It was fun 😢

[@Semesem_]

@@RasheedJones there’s always a way to adapt and gain clients , so I hope it’s not the end for You

[@FreedomLensMedia]

Do you post your prices on your site or give at consultation?

[@Semesem_]

@@FreedomLensMedia yes and no

[@OmosehinOluwashoga]

you Got a new subscriber, do you have a news letter or something

[@Semesem_]

@@OmosehinOluwashoga Hey. I’m currently working on a media / business workshop to share my business model and knowledge . But a newsletter is in the works .

[@Jflames23]

Also giving options sound more like talk down

[@Semesem_]

@@Jflames23 k

[@Jflames23]

@@Semesem_ don't mind me bro 🤣 you doing your thing blessing going up

[@samt8017]

Use structure base pricing. This way you never have to ask for their budget.

[@Semesem_]

@@samt8017 not every project fits a structure. Ask for the budget if needed

[@samt8017]

@@Semesem_ structure base pricing is like buying a car or even a Mac computer. You have a base price and then you ad on what you want according to your budget. For example: Let’s you are filming a talking head. Your base price can be 300 and includes, one camera, 1 light, and 1 mic. Then you give the client options. Teleprompter extra 100, 3 point lighting extra, 100. Second camera, extra 100 and so on. Having a structure base pricing eliminates you having to ask for a budget and gives the client the options they want and, you don’t have to be the one that takes the hit and discount all the time.

[@Semesem_]

@@samt8017 buying a product and buying a service are not the same at all. As you mentioned buying a car and Mac (product) are TANGIBLE , COST OF PRODUCTION , MASS PRODUCED. While services are INTANGIBLE, VARIABLE COST LIKE TIME AND SKILL , and SUBJECTIVE VALUE. It just doesn’t make sense and it’s a easy way to lose money in my opinion.

[@Semesem_]

@@samt8017 maybe it’s important for you to eliminate asking for a budget because it makes sense for your business model , but it doesn’t for mine. For several reason : A clients budget sets expectations , saves miscommunication , allows for Upselling , Ensure a mutual fit, and avoid being undervalued. I just don’t see the point of eliminating asking for a budget for my business personally

[@Jflames23]

I'll say this go get more money 😂😂😂

[@PhillGraaf]

450 for a one minute video sounds very cheap to me..? Especially considering the equipment you use etc. I would understand that rate without any editing, but with editing?

[@Semesem_]

$450 and up. People tend to forget that “and up” part

[@PhillGraaf]

@@Semesem_ Must have overheard that!

[@Semesem_]

@@PhillGraaf I say it in my other videos, I’m not sure if I say it in this one. My one minute videos range from $350-$1,000 depending on the scope of work