Quickly Defining a Training Video Cost
The use of training videos in workplaces is a growing trend. We see training videos being incorporated into human resources to improve workplace knowledge and we see them being used to teach consumers how to get the most out of the products and services that are being sold. The addition of a training video can add value to your team, your workplace, and your business. But at what cost? How much does a training video cost? That’s the key question!
Training video cost estimates range between $1,000 and about $5,000 per finished minute in most cases. The addition of advanced graphics, animations or special effects can bring the total per minute cost of a training video up to $10,000 or more but this is not the norm. Quickly defining a training video cost will help you to determine the appropriate budget for your project.
Equipment Costs for a Training Video
One of the key influences of training video cost is the equipment that is involved. A Basic training video can use limited equipment and feature limited expenses or costs. Likewise, when you add a jib, cherry picker, crane or other advanced shoot equipment to your production you will see costs rise.
This is because it requires the equipment to often be rented and there are fees associated with the technical expertise required to use this equipment to produce the shot. So, although it may seem great to include the jib or cherry picker for maximum interest in a training video, if it’s not necessary and you’re really seeking to save money, you may want to scale back.
Animation Costs for a Training Video
Medical equipment training or 3D animations to help medical students are common but these animations can quickly add to the total training video cost.
The inclusion of animated graphics into a training video will add upwards of $3,000 or more per minute in many cases. Advanced technical animations, including stop motion and 3D computer animations can bring the cost of a training video up to $5,000 or $10,000 or even $20,000 per finished minute depending on the animations and the complexity of the design.
Presentation Style Training Video Costs
If you’re looking to create a training video that simply shares a presentation and does not include any particularly engaging form of video besides the speaker and some very basic, but essential b-roll footage, you will see lower costs.
However, please keep in mind that these types of video are not nearly as interactive and engaging as the average training video that includes graphics, animations and technical input. The incorporation of titles, slides, and text overlays into the presentation style training video will add to the value without significantly increasing the cost. Expect to spend about $2000 on this style of video as a starting point.
Advanced Employee Training
The use of computer animations, elite actors, and advanced interactive training capabilities that allow for students or viewers to engage and interact with the content will add to the price tag of your training video, but all of these features also add to the value of the video content.
Expect to pay up to $1,000 per day for professional speakers or actors, up to $3,000 per minute for animations, and various other expenses associated with producing complex, technically interactive video content that will train your staff, but also expect to gain great value from this type of content. Training videos have the power to deliver more information, in a shorter time, that students or others will remember and retain more than written content. It’s well worth the investment.
Need more information or details on quickly defining a training video cost? Give Beverly Boy Productions a call today!