Financial demands of an Acting Career
Updated: Feb 22
Invest in yourself and your career
Every career or business has costs of doing business.
A taxi driver has to pay for road tax, insurance, MOT and the car payments, before he makes £1 in turnover, let alone makes any profit..
The same goes for an acting career.
Like any business, there are costs of doing business.
Every level of development and progress requires investment and so has financial implications.
From changing and adding to headshots regularly, courses and workshops, coaches, books, showreel scenes(if you don't have any) and equipment to enable you to produce high quality self tapes, the demands dont stop. Even gym passes, haircuts, clothes and makeup can be a cost many Actors don’t consider.
By allocating budgets to these things on a monthly, quarterly or yearly business, even if you don't always have the funds you can still progress
A good example is casting platforms
Using these approx costs
Spotlight - £140 per year
Mandy - £120 per year
star now - £100 per year
total - £360 per year for just those three platforms
That's equivalent to 6 days of minimum wage work a year
Or £30 per month
Or £6.92 per week
Or 2 coffees a week
Or 2 Tesco meal deals and a snickers
Or two pints in wetherspoons
Or three slices of cake
You get where I'm going with this....
You can use an equivalence that's relevant to you
A few equity minimum rate acting jobs from any of these platforms can cover a year's cost of platform subscriptions, headshots, training and development, voicereels,, all those costs of doing business to a certain (higher) standard.
So when actors tell me the
y 'can't afford' certain costs or the investment in themselves and their careers, it just tells me they often have not done the calculations, like you would as any self employed person or business.
It can also tell me how they prioritise their desire for a career or career development against other things they wouldn't hesitate to put their money into.
Anything we want to build in life requires a level of investment. As we grow and improve as actors, the time it takes to see a return on investment, gets shorter and we go into profit much sooner.
The next thing we know,, that investment in the activity and career we love, is paying back that investment in a career that fulfills artistically and financially.