Become friends with investors for your movie

Sagittal section of a tooth

Dentists do not always make great independent movie investors. This Image comes via Wikipedia

Often filmmakers get choked up when it comes to finding investors for their movie. Yes, we all know film is a speculative investment, and a bad one at that. Yes, we’ve all heard that a dentist is probably the most likely source of potential investment dollars. And finally, we all know that you need to sell potential investors on the glamor of filmmaking before they will buy into your project.

On top of these factors, if you haven’t noticed, the financial markets are in turmoil. But the good news is, during this financial downturn, you can still spend this time networking. This country is full of wealthy and successful people (other than dentists) who are very kind and generous when it comes to giving advice to young entrepreneurs.

Your job over the next couple months is to get at least one initial meeting with the wealthy guy in town… Every small town in America seems to have at least one wealthy individual. Go meet him or her.

How? Call them up on the telephone and ask for a meeting. Let the person know you are a entrepreneur seeking advice. (Because, lets face it, a filmmaker working to make a movie is an entrepreneur.) Then when you get the meeting, go prepared with about 10 really good questions about how to become successful (not focused on filmmaking, but just success). Take a note pad. And then make a friend. Dress nice. Give a firm handshake.

After you ask the question, LISTEN! Don’t ask for money. Your primary order of business in this initial conversation is to make a friend.

If you focus on a friend first, then someday your friend may be willing to help you reach your filmmaking goals.

Hope this gets you thinking.

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If you are wondering how to get money for your movie – Almost every resource will tell you that you need a business plan. Very few resources will tell you how to actually go out, find prospective investors, qualify them, contact them, get a meeting and build a relationship.

Since getting money for movies was such a frustrating experience for me, I spent the last few months creating: The Independent Producer’s Guide To Financing Your Movie. In it, YOU will gain valuable insider experience so you can avoid my past mistakes, find investors and make your movie. CLICK HERE to learn more.

Posted under FILM FINANCING

Don’t make a movie until you figure out how to market it.

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Image via Wikipedia

Over the past decade, everything has changed for the indie filmmaker. These days, there is no excuse not to make a feature film. But just as importantly, there is no excuse not to view your filmmaking as a business. That means, you not only have to focus on making the movie – but you really need to have a strategy for making money from your movie.

Many filmmakers spend years making their first feature, only to have their hopes of prosperity evaporate at the first sign of rejection and disappointment. The festival circuit can be hard enough. Add thoughts of a non-existent traditional distribution deal, and you might find yourself becoming very cynical.

To avoid some heartache, before you start rolling the camera, I recommend creating two idealized plans for how your movie will make money:

PLAN A: You get everything you want. Your distribution is solid. You have a great audience. You’re now financially free and you have money in the bank for at least two more motion pictures.

PLAN B:You did the festivals. You got the meetings (or maybe you didn’t) but nothing happened. You got a lot of hot air, but no action. If this happens, what is your strategy for making money with your movie?

www.filmmakingstuff.com

Posted under DISTRIBUTION