Making the Leap From Audio to Video: Breaking Down the Costs
The actual cost of production for a “vodcast” can be difficult to quantify, however, the below breakdown should give you an idea of what you can expect to incur.
Production Style
Are you going to be a one-man (or woman) band with a single camera, lens and ring light? Or do you have a large production budget and are aiming for a large studio space with soundproofing, multiple cameras and multiple lights? Providing greater production value with more lights, camera angles, better microphones and video quality will increase your production costs.
However, there’s nothing wrong with starting simply: light, camera, action!
Equipment Costs
Do you already have a mobile phone with a half-decent camera and good audio quality? If so, then that may be all you need to begin your video podcast! Minus, maybe a little tripod to hold the thing steady and level. However, if you’re looking to go a little more professional with your setup, buying a second-hand or brand new camera that’s specialised for video, and either a lav mic or a Rode-style microphone will provide better image and audio quality than your average mobile phone.
Editing
Editing is what takes time in any video production. You can find fairly basic video editing software at low cost (or even free), but its functionality will be significantly limited. If you’re intending to make money doing this, then it’s worth investing in professional editing software like Adobe Premiere Pro.
Alternatively, to save you time, you could hire a video production agency to do the editing for you.
Location
Consider where you’ll be filming. Are you renting a studio space? Are you shooting in your bedroom or office at home, or will you be out in public? Renting a studio comes with increased overheads. Start by choosing low or no-cost locations such as quiet areas of parks, or your home office.
Staffing
Will you hire a video production agency in Sydney to produce your vodcast for you? Or, will you be doing everything yourself? Staffing costs aren’t just wages, consider other staffing overheads like team benefits, staff facilities such as bathrooms or offices, etc.