Making a movie is a costly affair, but very rewarding if it becomes a success. And how good the movie is depends on the funding you get. There are lots of expenses every step of the way and actors to be paid. The last thing you want is to make a movie that nobody will watch.
Securing funding for a movie can be difficult–just like securing funding for any other business. The key lies in prepping your movie project to be ready for funding.
How Are Movies Financed?
Securing funding for a movie usually happens before the actual filming starts. The process involves reaching out to potential investors, grant foundations, and other funding sources. If a studio is handling your movie, then you don’t have to look for financiers. But for the majority, it’s up to you and your movie producers to look for funding. You may need to use your network, grants, crowdfunding, and other ways to finance an independent movie, also called an “indie film”.
How to Prepare Your Movie for Funding
The end goal of making a film is to get a good return on investment. And as the famous businessman Robert A. Rice Jr. once said, “Without funding, an entrepreneur is a musician without an instrument”. So, how do you get investors to give you the “instrument”?
The answer is fine-tuning your movie idea so everyone wants to fund it. You need to have a killer script, a realistic budget, an excellent business plan, and a perfect pitch for your movie idea.
Simply put, have the whole movie planned out before you start emailing or meeting investors. Finally, you need to show investors the viability of your idea and make them see the benefit of putting money into your vision.
Movie Funding Options
Movie-making involves many steps that require funding–casting, pre-production, production, post-production, and distribution. You need to get everything right in the preparation phase and bring the right crew and cast on board. If you are an independent movie maker, you need to fund everything and it may not be easy. You can source funds from friends and family, do crowdfunding, or get title loans–if you have several cars.
Once you have a brilliant movie idea that investors can’t turn down, you may find it easy to get funding. You’ll have numerous options–grants from the government and non-profit organizations, tax credits, private investor funding, and fiscal sponsorship. And depending on your movie’s budget, you may get funding from a single investor or a combination of investors.
Prove You’re the Real Deal
If you’re a brilliant movie maker, you’ll have many funding sources to choose from. Investors will buy into your movie idea because they know they will make money–and you’ll show them how they will. But before you start approaching investors, fine-tune your concept, have a realistic budget, and come up with a convincing pitch. Prove that you’re the real deal and investors will fund your current and future movie projects.