Moviemaking can be a risky financial venture. Know what you’re doing when you sell yourself.
You will need
- Film script
- Short film
- Networking skills
- Completion bond or insurance policy
- Business plan
Step 1 Build a track record Build a track record by working in the industry; then make your own low budget short film. First attempts sometimes get noticed by people with money.
Step 2 Borrow money from friends Borrow money from everyone, offering them speaking parts, food, autographs, or a chance to make you happy. Have a good film story with which to hook them.
Step 3 Network for contacts Network by attending film festivals, especially smaller ones where you can stand out, and be active in online forums.
Step 4 Hire smart Develop an accurate budget and anticipate questions. Get written bids to impress professional investors.
In your budget projections, show you are covering every avenue for profit.
Step 5 Get a completion bond Secure a completion bond or insurance policy that assures an investor the film will be finished if problems arise.
Step 6 Make a sound business plan Prepare a sound business plan for all investors, as you would for a bank loan. Include the film script and shooting schedule, and have your accountant or business manager approve the final draft.
Attract grassroots contributions by posting shorts online that demonstrate your talents. Track hits and commentary to convince investors you have gained an audience.
Step 7 Find Hollywood film producers Find companies on the web or in publications like the “Hollywood Producers” or “Representation” directories that buy out or co-produce well-developed projects.
Did You Know:
Over 60 percent of all films are money losers, and at least another 25 percent do little better than break even.