Even though this blog will draw comparison between working with freelancer sand agency, I believe that cost is an important issue that needs to be addressed clearly.
In fact, there are several more people who would want to create videos on their own just for fun, or because of a tight budget that won’t allow them to reach out to a professional video company.
So, let’s just check out how much will it cost if you were to create your next educational video all by yourself.
Educational video DIY Cost
By DIY, I mean do it yourself. Even though people prefer hiring freelancers and designers for this job, there’s a larger segment of people who want to try and test out these cool video editing tools by themselves.
If this is your cup of tea, then there’s no harm in it. You can always start producing your own educational video with little to no money at all.
Supposing you’re shooting yourself as the narrator, all you need is a recorder, microphone, an HD webcam, and a professional video editing software.
Of course, you’ll need the license for the software. But, that’s only a one-time expense. Most importantly, the ROI for the software alone would exceed the peanuts you invest in acquiring a premium access.
We estimate the animated educational video production cost to be around $200-$500 dollars for equipment and software license combined.
Now, here’s the catch, that’s just the money we’ve accounted for. What about the time? What about the long hours you’ll be putting in to create your own video by yourself.
Besides, if you are not familiar with the software tools, you’ll need some time to get the hang of the tools and techniques.
Even though the affordability of this option is tempting, there are only a handful of great artists who can pull off the job to perfection by managing all the departments of video production by themselves.
In case, you’re not among those talented few, below is our second cost alternate for your educational video.
Freelancer educational video cost
Freelancers can be a cost-effective option. Prices can vary significantly as some of them would charge you per project, whereas most freelancers prefer an hourly rate.
You can expect the pricing to be between $600 and $5000 USD. It can be an affordable option for many brands that don’t have big budgets.
But here are few things you should have in mind before you reach out to a freelancer. Freelancers are readily available across platforms of Upwork, Fiverr, Bark, PeoplePerHour and many more.
You can sign in contracts and start your job right away. But as mentioned earlier, video production is not a simple job. It involves a lot of intricacies. You need a specialist to seamless manage every aspect of the job.
And with freelancers, this is rarely the case. A Jack of all trades, is a master of one.
So, it won’t be an overstatement if I say that relying too much on a freelancer might just not bring you the quality you would want. Plus, freelancers rely heavily on short, high-paying gigs.
So, they’ve a bunch of projects to juggle with.
Company educational video cost
Last but not the least, we’ve the option of an educational video production company. Depending upon the expertise and talent of the video company, the cost can be anywhere between $900 and $7000 USD per minute of video content.
I know that appears to be on the higher end of the cost spectrum. But, for the price you’re not just getting timely completion of your project, but there’s a whole lot more to the package.
An educational video company will bring the most talented animators and creatives to work on your project.
These are not just designers and video editors who’ve technical know-how of a software tool, but are creatives who would be more than happy to hop on a call with your brand manager, and brief the best concept for your educational video.
Most importantly, the quality you get from an educational video company will easily exceed what you can expect from a freelancer or a template-based tool.
Even though the timeframe could be long, you’re getting high-level of customization. On top of that, there’s better customer service, which is always there to guide you and roll your revisions back and forth.
Let’s wrap this one up. Above we gave you a detailed comparison on educational video cost.
From the most affordable option of a DIY educational video to a talented freelancer and even a video animation studio, we literally covered everything you could have asked for.
As always, the decision of how exactly you want to produce your educational video is with you. We’ve done a fair cost analysis to guide your decision.
Hope you got a nugget or two from this one!