How to Finance Your Next Indie Film
Avengers: Infinity War, Marvel’s latest movie, and this year’s summer blockbuster hit, cost $321.2 million to make. From casting to props, filming a movie can cost an arm and a leg. This can be extremely difficult when filming an independent film. Indie films generally mean smaller audiences and fewer viewers also means a tighter budget. However, if you look in the right places, you can find the money you need to create a beautiful production.
Find Investors for Your Project
If your project sounds promising, some people would be willing to invest in your success. Engage your community and attend many events and social gatherings related to the industry. This way, you can pitch your ideas and find collaborators and investors that are willing to help you out. They will give you the money you need to progress your film and in return, you will give them a portion of your revenues or other rights to the film. You need to remember to be completely transparent with your investors though and keep them updated throughout the entire filming process.
Incorporate Product Placement in Your Film
If you watched Justice League, you may have noticed Bruce Wayne using a Gillette razor and everyone in the movie driving a Mercedes-Benz. This is known as product placement. Some brands will pay you to promote some of their products in your film. If you have your actors use these items in your scenes, then this money can help offset the cost of your movie. Some brands such as clothing and fashion companies will also make your costumes for you as long as you credit them.
Reach out to the Public with Crowdfunding
Crowdfunding has become a huge source of money for many different projects. You can create an account on Kickstarter or GoFundMe, then reach out to your social community to ask for money. Be sure that you completely outline all your ideas for your film and come up with an interesting way that your backers can get involved. Some film writers and directors will name their characters after their investors or give them an interesting shout out or Easter Egg in the movie.
Get a Personal Loan
If you have good credit and completely believe in your movie, you may want to consider a personal loan lender if you require funds to get you started. Once you’ve found a bank or lender that will approve your loan, you promise to repay them with interest. You are personally liable for the repayment but the more successful your film is, the greater the potential you have for profits. In this case, the loaner is just the small push that you need to start your production.
It doesn’t have to cost an arm to break a leg during your show. You simply have to think outside the box and find a way to finance your film. Build your credibility and pitch your show and you’ll be able to find the cash you need.