Office Hours Conference Call: April 26, 2022
Mixing Light Contributors Katie Hinsen, and Josh Bowdach join host Patrick Inhofer in welcoming our newest Contributor, Zeb Chadfield in this live conference call format. We took a series of questions from Mixing Light member Tony Salgado about how to run to color grading business our our ‘best practices’.
But first, we started the conversation by sharing things we’ve learned recently with DaVinci Resolve 18 being at the top of everyone’s mind. Today, the questions we answered included:
- What one thing did our Contributors find interesting about NAB 2022 or Resolve 18 Public Beta?
- Do our Contributors have specific requirements for clients when delivering a color grading job?
- What are our terms of payment? Do we ask for up-front payments?
- How do we determine our hourly rates? (Hint: There’s an Insight on that)
- Do we budget for our hardware investments?
Table of Contents
(timestamps in bold are member questions)
00:00 – Introduction
01:05 – Katie: Current supply chain shortages for displays and its impact on purchasing decisions
02:30 – Baylor University is showing a new color space demonstration and how it might be used
5:19 – Cullen: The one new Resolve 18 feature that grabbed his attention
6:28 – Jason: His one new Resolve 18 feature that has him very excited
09:24 – Mixing Light’s newest Contributor, Zeb Chadfield, makes his first appearance and talks about Resolve 18’s new database structure
11:25 – Patrick: The one new feature in Resolve 18 that caught his attention
13:07 – Do you specify your deliverables to your clients? If so, what happens if they don’t deliver it that way?
14:30 – Zeb introduces himself and his company, The Finish Line, to Mixing Light – and balancing work with life
15:55 – Getting involved with the client as early as possible and how Zeb specifies jobs should be handed over for finishing
17:22 – Katie: Be specific on your turnover needs and make sure the costs for not following your workflow are well defined
20:00 – Zeb: The advantages of billing by the hour
20:25 – Cullen: Deliverable discussions are part of overall client discussions, negotiations, and collaboration
22:50 – Jason: The essential need for small businesses to put your deliverables in writing, under a contract, as a way of properly guiding clients
25:00 – Patrick: Getting an actual signature from the client and the details to include on the contract
27:00 – Katie: Client reluctance to sign a proposal is a red flag
27:30 – Tony S: His solution as a DIT for eliminating confusion after he hands off hard drives to smooth post-production and finishing
30:25 – Katie: Why onboarding forms for new clients never work and direct discussions are essentials
33:18 – Terms of payment: How much do you ask for up front and at the end of the job?
42:30 – Tony S: Your clients are often still learning and you need to educate them
44:15 – Zeb: Understanding that our investment in a project is minuscule compared to our client’s investment
45:22 – How do you determine your hourly rate?
45:40 – Katie: Overview of the Insight she wrote on determining your hourly rate
47:23 – The two big mistakes that creatives make when it comes to setting their rate and running their business
50:30 – What about taking ‘passion projects’ or ‘free’ jobs?
52:10 – Katie: Integrating low-budget projects into your marketing plan and how to quote it
52:58 – How do you budget for investment in physical gear?
55:14 – Zeb: Low budget clients as an opportunity for a facility to give experience to trainees
55:46 – Conclusion and final thoughts
Mentioned in this Insight
- Baylor University’s 6P Color FAQ – A new color space proposal adding Cyan as a primary for a wider gamut color space, mentioned by Katie
- The Finish Line’s guides to delivering Premiere Pro, Final Cut Pro, DaVinci Resolve, and Avid.
- Insight: Using Milestone Payments To Get Paid More Reliably by Patrick Inhofer – “Having problems getting clients to pay you in 30 days? Maybe it’s time to switch to Milestone payments. For ideas on this, keep reading…”
- Insight: How to Determine Your Hourly Rate by Katie Hinsen -“How much should a post production artist charge for their work? Learn an easy step-by-step process that gives you confidence in your rates.”
- Insight: Blue Collar Post Collective November 2020 Salary Review by Katie Hinsen – “Are you wondering how much colorists, DITs, or one of their assistants charge per-hour in your city? Katie shares the findings from a survey.”
- Profit First book – Money management for small and medium sized businesses
- Toggl Track app – For time tracking to help you understand how much time you’re spending on your projects