Becoming a full-time freelance filmmaker (say that five times real fast!) can be intimidating. Since your ability to pay your bills hangs solely on the success of your filmmaking business, it might not be the best idea to just jump in and hope for the best. There are factors to consider and precautions you can take.
What should you do before going full-time with your filmmaking business?
Consider these two options before becoming a freelance filmmaker.
Look for Part-Time Work
Just because you’re going freelance doesn’t mean you have to be entirely self-reliant. Consider building yourself a cushion by performing a small amount of monthly work for another company. This could involve graphic design, video editing, etc. Agree on a weekly or monthly price. This allows for a “rent safety net” while you are in the process of building up your personal business.
Many people believe that freelancing keeps you from working anywhere else or answering to another employer; however, there is no harm in performing a little part-time work while you are taking steps toward expanding your filmmaking career. Working for another company also lends credibility to your work and opens the door for reviews and recommendations.
Expand Your Skill-Set
Every freelancer has their “niche” or a skill that they have mastered. However, potential clients will find you much more credible if you have a wide array of basic skills. A good area to obtain a general understanding of is motion graphic design.
Think of it this way: a restaurant that makes really good burgers, but nothing else, appeals to a burger lover. However, if the burger lover has a wife who is in the mood for chicken, they will likely go to a restaurant that serves both. Skill-sets in filmmaking work the same way. Potential clients may need several services, but if you are only proficient in one, they will not be as inclined to hire you.
Do You Need Production Insurance as a Freelance Filmmaker?
The short answer is “yes.” Since you are self-employed, you are responsible for insuring your own equipment. Additionally, since freelance filmmaking equipment falls under “business” and not “hobby,” homeowner’s insurance will not cover it should something happen to it. It is extremely important that you invest in production insurance so that you don’t find yourself in the hole if something goes haywire.
Here at Equipment and Production Insurance, we want to help your business succeed. If you have any questions regarding the type of insurance needed to become a freelance filmmaker, do not hesitate to call us today.