The Guerrilla Rep
The Guerrilla Rep
  • Home
    • About
    • In the Press
  • Blog
  • YouTube
  • Projects
    • Cicada Moon
    • Film Insight
    • Events >
      • Producer Foundry >
        • Producer Foundry Pitch Workshop
      • Archieve
  • Resources
  • Contact
  • Submit
    • Early Stage
    • Completed
  • COVID-19
    • COVID-19 News/Affects
    • COVID-19 Resources
  • Home
    • About
    • In the Press
  • Blog
  • YouTube
  • Projects
    • Cicada Moon
    • Film Insight
    • Events >
      • Producer Foundry >
        • Producer Foundry Pitch Workshop
      • Archieve
  • Resources
  • Contact
  • Submit
    • Early Stage
    • Completed
  • COVID-19
    • COVID-19 News/Affects
    • COVID-19 Resources

How (And Why) to Treat Your Production Company Like a Small Business

2/12/2020

0 Comments

 
Picture
Last week we talked about the 4 major types of Media Entrepreneurship, so this week I thought I’d expand on the most common production company that my readers seem to run.  That’s the small production company that they hope to scale into something bigger.  Here’s why your production company is a small business, and how to  treat it like one so you can see it grow.

1. ACCEPT YOU HAVE A SMALL BUSINESS

Film is both a business and an Art.  The two don’t have to be enemies, and work much better together.  For more on what I mean, click the related link below.  I have a different point to make here.
​

Related on ProductionNext: Why Business is NOT the enemy of the art. 
​

Related on ProductionNext: Why Filmmakers NEED to understand Business

While this may seem like the goal is to become a more scalable startup, in reality it’s probably more like a small business that may grow to a medium business in time.  You’re unlikely to be able to use high growth strategies like Silicon Valley Tech Startups to grow your business from a prototype to a highly used platform.  The requirements are different, and film is less suited to iterations than software and apps are.

As such, if you’re a filmmaker, you probably have a small business.  Small businesses grow slowly over time by growing their audience and scaling up their offerings as revenue and investments allow.  If you want to grow your production company as you would a small business, start by making one great film and then make a bigger and better one once you’ve found your audience.
​

2. BUILD & ENGAGE WITH YOUR AUDIENCE

If you want to build a business, among the most important things to have are customers.  For filmmakers, this means having a deeply engaged audience, and creating content for them on a regular basis.  Part of that is creating a genuine presence on social media, but the more important part is continually creating product for that audience to give them a reason to keep coming back and engaging with your business. 
​
Picture
Donald Evans
Clever Username ​
Ashley P​​​
Picture

3. INCORPORATE AUDIENCE FEEDBACK INTO YOUR WORK

If you really want your audience to keep coming back, it’s important that they feel valued.  Incorporating their feedback into your films can be a great way to greatly deepen your relationship with your audience.  This is something that Marvel has used to great effect.  Half of Endgame was callbacks to fan favorite moments from the other 73 1/3 movies in phases 1 to 3.

Some higher level creators have an antagonistic relationship with their fans.  The only way you can really afford to do this is if you have the backing of a large network to make sure that people can’t forget to come back to your work.  TV Tropes calls this Phenominon Creator Backlash. ​
​

4. GROW YOUR SUPPLIERS AND WHO SELLS YOUR PRODUCTS
​

If you’re a small business in the manufacturing sector (which you’re not far from) you need to make sure your product is available as far and wide as possible in order to continue to expose your work to a new audience and grow your potential customer base.  This means you need to partner with distributors.  Distributors have higher prestige and higher paying outlets than you can get to on your own.  Also, since they have access to those higher level outlets, you’re more likely to be discovered through them than on other platforms that are inundated with so much content it’s unlikely anyone will discover your work that you didn’t drive there yourself. 

Yes, this will mean that you'll need to make a lower percentage of the overall sale than you would by yourself.  So long as you're dealing with reputable distributors, this is just the cost of doing business.  Publishers sell their books at 55% discount over retail to bookstores, and most any distribution warehouse for a given good or service will also sell the product at wholesale price and take a cut before paying the manufacturer.  Again, for this to be valid, you need to have honest and accurate reporting throughout the supply chain. 
​

5. DON’T FORGET WHERE YOU GOT STARTED

Never forget your early adopters.  The people who were with you from the beginning.  They can be your biggest supporters and greatest brand advocates if you continue to show you value them.  However, they can sometimes be hard to please, as I’m sure I’ll see in the comments.  Both Starbucks and the City of Seattle will never forget that's where the chain was born.  You shouldn't forget the people who knew you when.  

Thanks so much for reading this!   If you liked it, please share it.  It’s extremely helpful. 
Also, Join my email list and connect on social media.
Picture
Picture
Picture
Picture
Picture
Picture
Picture
Picture
0 Comments



Leave a Reply.

    Author

    My name is Ben, I'm an Entrepreneur, Producer's Rep, and Author.  I'm the founder of Guerrilla Rep Media, Co-Founder/CMO of ProductionNext, and founder of Producer Foundry.  Together, the organizations seek to help make filmmaking a more economically sustainable endeavor.  I am dysic, I have capitalization issues, and the blogs are often unedited. opinions all my own.

    View my profile on LinkedIn

    Join my Mailing List for FREE Resources!

    I'm happy to offer a FREE Resource Package to anyone who joins my mailing list.  You'll also recieve monthly digests of my articles and other valuable resources.
    Sign Up!

    My Books

    Picture
    Find it at
    Your Local Library
    Books Inc
    Barnes and Nobles
    ​Amazon

    Audiobook Free through Audible.com

    Picture

    Available exclusively through Amazon.com​

    Archives

    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    October 2016
    September 2016
    July 2016
    June 2016
    April 2016
    February 2015
    August 2014

    Categories

    All
    Affiliates
    AFM
    Aggregation
    Angel Investing
    Angel Investment
    Audience Engagement
    AVOD
    Branding
    Business Plan
    Business Planning
    Career Growth
    Community
    Contracts
    Crowdfunding
    Data
    Deck
    Distribution
    Distribution Agreements
    Distribution Deliverables
    Distributors
    DVD
    Email Marketing
    Entertainment
    Entrepreneurialism
    Executive Summary
    Film Budgeting
    Film Distribution
    Film Festivals
    Film Finance
    Film Financing
    Film Industry
    Film Investment
    Filmmaking
    Film Marketing
    Film Markets
    Film Money
    Financing
    First Feature
    Genre
    Grants
    Grantwriting
    Hustle
    Indiefilm
    International
    International Sales
    Look Book
    Markeing
    Marketing
    Marketing Materials
    Packaging
    Packaging Documents
    Physical Media
    PR
    Press
    Producer's Rep
    Publicity
    Sales Agency
    Sales Agents
    Screenplay
    Script
    Self Distribution
    Short Films
    Social Media
    Staged Financing
    Studio
    SVOD
    Tax Incentives
    Technology
    Terminology
    Transparency
    Venture Capital
    Waterfalls

    RSS Feed

Home

About

Services

Menu

Contact

Copyright © 2019 Guerrilla Rep Media.  All rights reserved