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.
|Min Startup Costs||Max Startup Costs|
|Office Space Expenses||$0||$7,000|
|Training & Education Expenses||$0||$1,000|
|Advertising & Marketing Costs||$0||$2,750|
|Specific Industry Expenses||$0||$100|
|Total Startup Costs||$13||$11,659|
|Oil & Gas 360||oilandgas360.com||#176,503|
|Explainer Videoly Pte. Ltd.||kasradesign.com||#550,928|
|IVRPA :: International Virtual Reality Professionals Association||ivrpa.org||#658,711|
Pros & Cons
|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!|
|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.|
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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