So I met this guy who wants me to edit a videoclip for him. The videoclip is for web and to show to universall studios. He has about 30 gigs of video including b roll and he wants to know how much I would charge.
I calculated that I would need about 22 hours of work to make this edit.
I need your help to know how I should aproach this situation or if I should ditch the project.
Industry standards tell me I should charge 25$ an hour plus 33% as an equipment fee. this amounts to: 22x25= 550 550x1.33= 731
I find this high for what he wants to do so when he asks me for a rough estimate I say about from 300 to 500 and that I need to see the footage. He reacts and says that its way too high and that I need to come with a better offer since he will be giving me more work.
300$ amounts to 13$ an hour and no equipment fee. this is very low for editing and he wants me to go lower.
Am I right to think this is too low? should I lower my fee a bit or stand my ground?