Greetings,
This the fourth and final part of decision making and unanswered question, so far I have technically touched and analysed three key questions asked when stepping into animation film production. I hope this will not only be beneficial to me, but to anyone who aspire to step into the business of storytelling through animation.
Now we know what kind of story we want to tell, we know what kind of movie we want to produce, we know what type of animation we want to work with, but all these can't happen without money, the production budget.
HOW DO I COME UP WITH PRODUCTION BUDGET?
The reality is that movies can take a lot of money to make if you want to produce something professional, and it isn’t always possible for just one person (Me) to do enough odd jobs to get a film made. Below are some examples of how many filmmakers approach fundraising for their movie ideas.
1. FAMILY, FRIENDS, AND THEIR NETWORKS
The very first place where a lot of filmmakers start looking for funding is their immediate circle of family and friends. You can ask them for a loan, donations or you can offer them special incentives to become an investor in the film. You can also ask them to just help spread the word about your project and the fact that you’re looking for investors to see if there is anyone else in their networks at school or work who may be interested in becoming partners with you.
2. CAST & CREW
One way to help reduce your expenses is by making arrangements with interested cast and crew members to give them something other than a paycheck in exchange for their time and expertise. Some cast and crew members may be willing to invest their time and skills in return for a credit, a longstanding relationship, a clip for their demo reel, etc.
3. EVENTS
Some filmmakers have hosted special events, wrap parties, raffles, and more to help raise money.
4. CONTESTS & COMPETITIONS
If you look around online, you may come across some contests that you can enter to win monetary prizes, such as screenwriting, short film or feature film competitions.
5. GRANTS & TAX INCENTIVES
There are private film making grants available as well as government-funded grants that you can apply for to help subsidize the cost of producing your film project.
6. INVESTORS
Individual investors are another popular source of funding for film projects. Networking with the right groups of people can lead you to wealthy individuals who are interested in exploring a variety of investment options – one of which could be your film.
7. CROWDFUNDING
There are websites like KickStarter.com and IndieGoGo where you can put your movie pitch up there and get funded for it. Check out previous projects that were successful and see what they did right.
8. CREDIT CARDS & BUSINESS LOANS
If you have excellent credit and a lot of faith in yourself to pay back a loan with interest, another option you can explore is to pay for your production via a business loan or credit cards. Of course, it may be a bit more difficult to convince a bank to loan you money for a film considering that they’re extremely risky investments, but it’s not impossible!
BOTTOMLINE
These are the first sources of funds that comes to mind when raising budget for a film project. Personally I will choose the first, family and friends will give you money apparently because they believe in you and your ideas. It could be in exchange for credit or incentives. Either way, the comfort of not having investors and banks breathing down your neck is not there. Another, sweet choice is the second, since this is animation, family and friends can help you with things like voice over, you will get a fairer deal working with them. As much as starring big stars in your movie gives you an edge, having a great story and a great team with no big star can also put you on the map. Thanks for reading.
Suremovat.
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