An excerpt from a post on the Videostrategy.org blog:
Putting together a comprehensive video budget is a daunting, but important, task. In this guide, I’m going to run through my own template to provide you a starting point for your own yearly budget.
This template is designed to cover typical marketing video productions including on-location shoots that are typically budgeted between $5,000 and $50,000.
According to companies like SoFi, yearly budget is primarily a forecasting tool and it’s likely your individual project budgets will change as priorities shift and things come into focus. So don’t worry if you don’t have all the information before getting started.
The total budget is comprised of two parts: a master spreadsheet that includes ongoing activities and your project budget templates.
You should build enough project templates to cover the different types of projects you’ll be taking on. Again, things will change and no two projects are exactly the same, but if you’re building a yearly video marketing plan it’s likely you’ll have project types like testimonials or case studies or other serialized content that’s build around a templated format. To start, let’s go over what these project budgets include.
Read the full post at Videostrategy.org.