Now that the country is facing yet another economic downturn, film producers are forced to find creative ways of staying in business. Independent films are cheapest to produce, usually below 300,000 dollars, making it a good alternative. With roughly 60% of the budget going into the production phase, it is crucial that you find funding well before shooting starts. Looking for the perfect script, director, cast or even venture capitalist is no mean feat, considering that people are wary of gambling their money in movies. Here are some ways that you, producer, can convince the investor:
How to Source Investments for your Movie Project
Come up with a well-written proposal. Like all business proposals, yours must be comprehensive. Include a summary of the film, actors to cast, directors, expected date of release, and even the money that the investor will make from the whole deal. Mention your marketing strategies like entry into festivals and home video releases. Include your business cards when turning in your proposal.
Get a list of film investors from industry insiders. Exhaust everyone on the list and go to every party in Hollywood. Never go to any event or party without a stack of calling cards on your person. Give it to as many potential investors as you possibly can. Send feelers that your movie is worth the money. Entice the investor with the possibility of making more than 10 times their investment, as proven by big indie hits like “Juno”“,Brokeback Mountain” or “Blair Witch Project”.
Do not rely on verbal pledges. Get it all in writing and sort all legalities before drafting the contract. Be transparent with all your dealings. Abide by the stipulations on your contract and give the investor his due. Your
business card will be your ticket to the big studios if you establish a good reputation early on.
Your business card must exude professionalism. Go to an online
printing service like UPrinting.com for eye-catching, professional-looking business cards.
