When you think about film budgets, you might imagine the millions that go into the huge blockbusters that screen in cinemas all over the world in hopes of breaking the box office. However, for smaller filmmakers, budgets rarely even reach $1 million. Without access to a deep fund, filmmakers must get creative with how they depict a story on camera, often opting for subtlety and homemade props. The beauty can often be in the less-than-perfect craftsmanship.
Still, you need a budget to get started. If you’re a filmmaker wanting to get the camera rolling finally, here’s what to consider during the budgeting process.
Your Own Budgeting Capabilities
Many small film productions require you to fund the project yourself. Of course, to manage this, you’ll need to take a long, hard look at how much you can realistically put forward for the movie.
Don’t overdo it if you can’t realistically afford it. Going into debt may not be the best option, either. If you’re worried about a short film budget because of debts you already have, it’s best to work on getting out of those debts. If you’re a filmmaker with a lot of debt, consider a program offered by freedomdebtrelief.com. These put you in touch with financial experts who can negotiate with your creditors and turn your debts into a single monthly payment. It’s a more straightforward route out of debt, so you can worry more about your creative endeavor than what’s leaving your bank.
Of course, if you are able to put in a decent chunk of your own money for this passion project, then that’s a great start.
Fundraising Opportunities
If you don’t have access to a large chunk of money to fund your project, then look at fundraising opportunities. There are several options here, and you might be surprised by how willing others are to pitch in so that you can bring your vision to life.
- GoFundMe: GoFundMe is a popular platform where you can set up crowdfunding for whatever purpose, including making a film. Then, you can spread the word by sharing online and via QR codes.
- Community Events: Host a community event (or show up at one that’s already occurring) to try to raise funds. Even simple things like selling old items or baking cupcakes can make a difference to your final budget!
- Social Media: Don’t forget about the power of social media. Share your film process online and ask followers to pitch in (remember to offer something in return, perhaps something like free access to a screening when the film finally gets through production).
The Requirements of Each Scene
The chances are you have already written down what you need to budget for, such as:
- Casting
- Equipment
- Transportation
- Insurance
- Catering
The problem is you will likely run into additional costs. To make sure you are more than prepared, consider your script page by page. Think carefully about what each scene might require, including specific props, locations, and visual effects, and then bring those into the budget.
An Emergency Filmmaking Fund
Last but not least, don’t forget about an emergency fund. It’s nearly impossible that you’ll go through the process without needing to go over budget at least somewhat. So, keep about 10% over your budget to cover any sudden expenses.
