1.7 Why Filmmakers Must Diversify Their Income
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Description
No matter how you make your living as a filmmaker, there's a good chance your primary source of income isn't going to be stable in the long term. And when you rely on one source of income, you invite financial catastrophe into your life—because there are forces beyond your control that could lessen (or completely cut) that income source more quickly than you can find another one. And that, my friend, is why it's so important to start diversifying your income. Here's what we'll cover today: How forces outside of our control are making filmmaking a fundamentally more unstable profession. Why diversifying your income is the key to financial stability in an increasingly uncertain world. Two ways to generate side income with the skills and tools you already have. Why stock footage is one of the single best ways for filmmakers of all types to start diversifying their income (it will pay off for years to come!) The mindset you need to adopt in order for stock footage to pay off for you in the long run. What kinds of things should you shoot? And how should you shoot them in order to sell as much footage as possible? A cool new platform that makes the business side of stock footage as painless as possible. This full first season is sponsored by Music Vine. If you're looking for high-quality music at an affordable price, but don't want to wade through hours of crappy stock music, you'll love Music Vine. Get 10% off your first song when you use the code: FREEDOM. You can also get this episode's key takeaways, plus lots of supplementary content, at filmmakerfreedom.com/7 Lastly, if you enjoy the Filmmaker Freedom Podcast, it would mean the world to me if you subscribe, then leave a rating and review on iTunes. That's the best way to help other filmmakers find the show. Here's to your success, -Robert Hardy
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