Start A 360 Video Production Business - Business Ideas

Start A 360 Video Production Business - Business Ideas
Start A 360 Video Production Business

A 360º video production company uses one of the most powerful content formats to achieve user engagement. The 360º degrees video has the potential to reach a broader user engagement.

The first and most crucial step to starting a 360º video production company is buying the right equipment and hiring a professional crew. Remember production of 360º video involves multiple time-consuming steps, from preparation to post-production editing.

To ensure the success of your business, invest in the right software for the 360º video editing task.

Starting a 360 video production business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell 360 video production , or selling 360 video production online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size
$15.8B
starting costs
$5.89K
gross margin
65%
time to build
210 days

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $0 $7,000
Training & Education Expenses $0 $1,000
Software Expenses $0 $594
Advertising & Marketing Costs $0 $2,750
Website Costs $13 $215
Specific Industry Expenses $0 $100
Total Startup Costs $13 $11,659

Successful Businesses

Business URL Rank
Airtable airtable.com #3,969
HEARST hearst.com #61,332
Ricoh360 Tours ricohtours.com #74,940
DVM 360 dvm360.com #131,529
Waste360 waste360.com #161,491
Oil & Gas 360 oilandgas360.com #176,503
Turbo 360 turbo360.com.au #302,080
Filmbaker filmbaker.in #510,450
Explainer Videoly Pte. Ltd. kasradesign.com #550,928
IVRPA :: International Virtual Reality Professionals Association ivrpa.org #658,711
muvee muvee.com #673,693

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required The cost to start a 360 video production business costs significantly less money than most businesses, ranging anywhere from 12 to 11,659.
Rewarding work Starting a 360 video production business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website A 360 video production business gives people a reason to visit your website and to keep coming back to you!
Cons Description
Crowded Space Competition is high when it comes to your 360 video production business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Constant maintenance of publication You may find yourself constantly needing to update your 360 video production business in order to stay relevant for your audience and for those searching on google.
Lack of benefits With a 360 video production business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation Often times, as a 360 video production business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes As a 360 video production business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
No safety net Typically, as a 360 video production business, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.

Pat Walls,  Founder of Starter Story
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