LO2- Costings

 Budget- costs involved for magazine.

properties and location rental

travel and crew costs (food etc.)

printing and distribution costs

Find costings:

-Rental of a photographic studio (1 day)

Average £180 for 8 hours (working day)

-Hiring of models (1 day)

This depends on experience of the models. it can average from £150 to £1,000

-Printing 100 copies, A4, 120gsm, 40 page, stapled, colour - magazine (inc. VAT)

£226.50- gloss, a4, 40 page, stapled, colour

Magazine Printing - The UK's Best Price & Quality | Mixam Print

-Minimum wage rate for 8 hours

Staffing cost for the production of one issue of the magazine:

• editor 

-£31,353 per year

• writer

-per 1,000 words is £1,200 for a prestige magazine, or £550 for a smaller consumer magazine. 

• photographer

-£50 to £200 per image

• designer

- range £518 - £16,354

Budget-

Presentation-

• tabular (table) form of budget 
• key information only
• 1 slide

Proposal document-

• detailed breakdown of all costs in protection of 100 copies of your magazine
• 6 monthly forcast for sales based on research
• rough advertising (rate) cord