Every business has a sales cycle. This is no different for the independent filmmaking business. Having a long term perspective and patience is essential. The trouble is, waiting around for your movie project ideas to morph into reality is a royal pain in the butt.
In ways akin to any entrepreneur grinding to get a start up off the ground, as a filmmaker you have to continually refine and adapt your concept and find the resources to help you succeed. And even when all the pieces align, despite your best efforts, sometimes movie ventures fall apart.
But sometimes they could have been saved…
Allow me to further my comparison between your independent movie project and a start-up company. Let’s say Start Up Company X creates a concept that is such a “good idea” that it will be a no-brainier. To be clear, even though the product is awesome, it has never been bought, sold, tested or proven in the marketplace. Heck, the idea is so revolutionary (and cool and awesome) that there aren’t any competitors. Sounds like the stars of success have aligned, right?
Well, not so fast.
A few months into implementation, most entrepreneurs quickly realize that because there is limited to no competition, the sale is actually more challenging. Why? Prospective buyers do not understand the concept enough to pay for it. And because the prospect has never heard of you or your company, nor do they know of anybody else who has bought your product – they don’t trust you enough to part with their money.
What does all of this have to do with your own filmmaking business?
Like any start-up entrepreneur, you are approaching prospects (prospective investors) who are new to filmmaking. From their buying perspective, you, your movie and your movie business is a new concept that they have never bought before. As a consequence, many of your first meetings will be spent educating and building trust. And this could mean a very long sales cycle. If you pull-the-plug on prospecting prematurely, you will lose momentum. Your project will fall apart.
I am sad to say this, but many filmmakers will quit at the first challenge. Maybe it’s a telephone call not being returned. Maybe it’s something else. And if you have never cold-called before, many of you may give up before you even start.
I have good news for serious filmmakers!
In case you happen to be one of those filmmakers who would rather swim naked in the north pole than face the rejection of a cold call, there is a new way to test the water before you dive in head first (have no idea why I am using a swimming analogy here.)
But here it is… Ready? One word: Crowdfunding!
With sites like www.IndieGoGo.com, you can now explore the wonderful world of crowdfunding. Crowdfunding allows you to pitch your movie ideas to crowds of people online, who are enthusiastic about sponsoring movie projects. And before you jump over to IndieGoGo and sign up, here is my tip. Many filmmakers try to raise their entire budget via crowdfunding and fail. I do not recommend this.
Instead, consider limiting your crowdfunding campaign to a few thousand dollars. Why? Because if your movie has a real budget, you are going to need real money outside of the crowds. And in this context, the more important reason to utilize crowdfunding is to test your movie concept and source your initial audience.
“We just tested the concept and essentially pre-sold over one-hundred units!”
This is a much stronger pitch for prospective investors because you have now demonstrated an interest in the marketplace. And because you have already garnered a few thousand dollars, you now have a much greater incentive to finish what you start – You wouldn’t want to let your sponsors down, right?
If you decide to utilize indieGoGo you are in luck because they own a company called distribber. To be transparent, I do get paid to promote distribber – but this was a personal choice. And here is why. Distribber allows you to access all of the popular video on demand and internet marketplaces, like iTunes and Hulu without discrimination.
Put together, this means you can prove your movie concept and source your initial audience through crowdfunding and you can now include clear-cut steps for distribution (that you can control) in your business plan.
While there are no guarantees in business, especially the independent movie business – having the ability to test your concept, source an audience and set up shop in the many popular video on demand and internet marketplaces might just help you move prospective movie investors to buy now, instead of later.
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Jason Brubaker (IMDB) is a Hollywood based Independent Motion Picture Producer and an expert in internet movie distribution. He is focused on helping YOU make, market and sell movies more easily by growing your fan base, building buzz and creating community around your title. If you liked this article, ask Jason Brubaker to speak at your next filmmaking event.

Posted under FILM FINANCING
This post was written by Jason Brubaker on July 21, 2011






