LO3: Anticipating Questions?

What questions the client could ask

Print Stock (paper)  + process

Define the intent of budget -> Amount Vs Profit

- How long before it becomes profitable

Target audience related

Niche Vs Mass + revenue -> define and clients

Subscription Prices

Frequency of publication

Distribution Methods

Whats on your pages, quality of pages, colouration of pages will all increase cost.

Can you define the intent of budget?

Amount:  £52,499.775 

Profit: 

LO2: Budget

Here you will factor in all  costs involved in production of your magazine. This won't include equipment but you will include (amongst other things):

Properties & Location rental

Travel and Crew costs

Printing and Distribution costs

Costs for:

• Rental of a photographic studio (1 Day)

£25 per 2 hours. 1 day = £100

• Hiring models (1 Day)

Day rates ranging from £150–£1,000

• Printing 100 copies, A4, 120gsm (grams per metre squared), 40 page, stapled, colour - Magazine (inc.VAT)

£89.05

16-17-year-olds will get £5.28. This will come into effect on April 1, 2023

Staffing Cost

Editor (Me) -  £31.30 for copyediting or £36 for line-editing in 2022 = £33.65 ph

Writer - most writers' salaries range between £14.12 and £29.08 per hour = £21.64ph

Photographer - £14.10 per hour 

Designer - £26.50 per hour

Some magazines can take as long as six months

1,044 working hours in six months. 

33.65 x 1,044 = 35,130.6

                               +

21.64 x 1,044 = 22,592.16

                               +

14.10 x 1,044=  14,762.16

                               +

26.50 x 1,044 = 27,666

Staff Cost for Six Months of Work = £100,150.92

Work out the staffing cost for the production of one issue of your magazine. 

LO1: Mindmap