You have a completed script and you’ve secured a cast and crew. The locations have been scouted and multiple lists of required props and materials have been made. Everyone is lined up and ready to go…
Where are the funds…?
If you’re considering financing an independent film production, you’re facing down a big challenge. Even if you have friends and relatives that are willing to help, raising financing for your film will be a daunting task. If you consider selling off big ticket items to secure financing, taking out a 2nd mortgage on your home, you had better be prepared with a backup plan in the event your movie doesn’t get picked up for a distribution deal. It doesn’t matter if you make a great movie and it shows at a festival or two, if you don’t get a distribution deal, or get picked up by a studio, you’re dead in the water.
Imagine walking up to a blackjack table in Vegas and dropping five hundred dollars down on one bet and you lose. You probably had a backup plan before you did that and you’ll recover. Now, imagine walking up to a blackjack table in Vegas and dropping one hundred thousand dollars down on one bet and you lose. Do you have a backup plan? Investors know all of this. Therefore, they work to minimize their risk as much as possible.
After you have exhausted all avenues of revenue within your means and find that you don’t have the funds to finance your own production, then you will want to consider investors.
There are several types of financing in the film industry. Investors are out there to find the most promising investment that they can. Believe it or not, “Angel investors” do exist. It’s just a matter of knowing them or knowing someone that knows of them. Don’t count on running into a movie mogul or drunken billionaire waving a checkbook at a posh party in Aspen, that’s just not going to happen. Start thinking about a plan built in reality and determine how you will work to secure financing for your film.
Financing starts with an investor or investment group. You will need to have a well crafted pitch ready to dazzle any investor you are fortunate enough to secure a meeting with. You will also want to put together a trailer or have some reels to screen for investors. Regardless of the specific type of investor, all investors will need to know how and when they will receive a return on their money. For this reason, every investor will ask for a business plan. Investors will want to see the hard numbers before you dazzle them with your list of players. They want to know they will be making a solid investment. They are not interested in fluff; they are concerned with the numbers.
There are multiple websites that offer investment opportunities for the filmmaker by acting as a middleman. If you decide to venture down the path of seeking an investor or investment group, it would be wise to first secure an entertainment attorney. If you’re a producer holding a completed script and you’re advertising on the internet for investors, you may want to read this: http://bit.ly/19T2nQ
Before you jump into the process of shopping for investors, be sure you do your homework. You’ll want to ensure that you have a great pitch, a trailer or film reels of your work, and most importantly, a solid business plan.
The Beginner’s Crash Course in Attracting Investors to Your Film: http://bit.ly/32zLm1
IndieVest Attracts Indie-Film Investors with Reduced-Risk Model: http://bit.ly/17KBPs
Work hard, work tough, work smart.
David L. Spies