How to Get Funding for Making a Film
If you want to make your own film, you really have to figure out how to fund it in order to get it off the ground, and fundraising processes can be just as difficult and time-consuming as filming itself. However, means to fund artistic and innovative projects have increased so much with current internet trends, making it so that pretty much anyone can get a project started assuming they have a good idea for a film and know their way around social networking.
Setting Your Budget
This is a step that is often missed by wannabe independent filmmakers, and one of the rules of the industry is that it will always cost more than you think it will. Keep in mind that ‘cost’ can apply to more things than money; there is also time, energy, and whatever money you would not be earning given your time working on your film. Take a look at the questions to ask yourself before choosing a career and figure out what it is that you can do for your film and what it can do for you. Knowing what you will be able to handle yourself and what you want to commit to will give you a much better idea of who you need to hire and how that factors into funding.
The general consensus is that any feature film should assume at least $15,000 to $20,000, a figure which will go up with complications of lighting, set, costumes, effects, and any specialists you might need to hire to make any of these details come to life to your satisfaction. Some of the best advice on cost estimation and getting started can be found through other independent filmmakers, so be sure to read up on articles on how to make an inexpensive independent film. If you are not a finance whiz, find someone who is. Either an accountant or someone pursuing an online masters in accounting can help you figure out exactly what is needed or missing in your budget.
Fundraising is a time-honored process which features tedium and rejection if not done right. A good way to shoot yourself in the foot on the whole project is to feel like you’re begging for money. Instead, work out a way to give donors and donors the opportunity to invest in the awesome project you are making. Here are a few different ways to rake in quick funds:
- Targeted Investors – There are probably individuals or local community groups which would be interested in your project if it falls in line with one of their key interests. If you are making a Christian film, talk to local churches or church benefactors. You can offer things like partial ownership or other perks, and remember: people can also donate equipment, space, or time instead of or along with funds.
- Grant Proposals – Yes, there are groups and government agencies which support artistic project. You just need to write and appeal to them. The great thing about grants is that it doesn’t have to be repaid like a loan.
- Appeal to the Whole World – Fundraising sites like Kickstarter and Indiegogo provide brilliant forums for you to post your project where anyone can see it and pledge relatively small amounts in exchange for thanks or copies of your eventual product. This pre-ordering process gives you both funding and a budding client base through which to distribute your finished product.
Sites such as Facebook, Twitter, LinkedIn, YouTube, and other social networking sites can make it easy to reach out to supporters that you wouldn’t have thought to contact or maybe don’t even know. Through social networking, you can look for funding, equipment, locations, and people.
Some Tips Found In CFDb Interviews:
Especially take note of the Interview with: