I’ve been rereading Seth Godin’s book, Small is the New Big, and I love the concept!
One of the things I want to create in the film industry is a small company that can act like a “big” one.
In the current economy, being able to cut costs is important because you can make a profit with less revenue – or you can have more profit with the same revenue.
In fact, in ANY economy, being able to keep costs low is important.
My friend Kevin Thompson might call it being a “Googley” producer or filmmaker, but I think one way to say it is entrepreneur by innovation.
Here are some ideas I’ve put together to keep costs low for some of my projects:
- use digital acquisition technology
- edit my own stuff
- create my own graphics
- understand how to leverage technology and how new technologies work together to create more efficient systems
- networking with people who are reliable and using them often (essentially using trust to create efficiencies)
- building a network so that you have an audience prior to a project
- using social media to start marketing efforts earlier than the competition
- searching for and finding key vendors that are cost-effective in helping to create professional caliber results
- plan, plan, and more planning
Any thoughts out there? I’m curious how other people are trying to keep costs low.
I’ll post more on the concept in the coming months.
One Comment
Those are some great ideas! There are so many opportunities for innovative entrepreneurs. With the long tail, there’s infinite demand for all kinds of products and services. If you can own a particular niche, you can make a living doing what you love. Great article, Mash. When you make your first movie, invite me to the screening! You’ve got your first subscriber here.