How Much Does a Talent Agent Cost?
A talent agent, also known as a booking agent, is a person who is going to be able to help find jobs for actors, film directors, models, musicians and other people in the entertainment business. While having an agent is not required, an agency is going to have certain connections that you may not have. Because of these connections, your chances of landing a gig is a lot greater than working on your own. The cost of a talent agent is going to vary depending on your location, what you want from the agent, the agent and your geographical location.
How much is it?
- On average, a legitimate talent agency is not going to ask for money up front. Instead, they are going to ask for a portion of any gigs that are booked. This portion can range anywhere from 8% to 15%. The industry average is around 10%. Be aware of companies that ask for money up front. If a company asks for money up front, you should question their ethics.
- For example, if the talent agency was able to land you a gig that paid you $10,000, the company will more than likely pocket $1,000 of that.
- According to the website HowsMyActing.com, members from the forum claim that most actors shouldn’t pay a dime, but instead should only pay out a commission that shouldn’t exceed 15%.
What are the extra costs?
- A personal talent manager is going to cost more than a talent agency. An agency generally works with more than one person, while a manager may work with you directly. A talent manager will basically organize your life such as scheduling interviews, setting up gigs, assisting you with your career, and more. A talent manager can take as much as 25% of your earnings.
- For most entertainment gigs, a portfolio is going to be necessary. This portfolio may include items such as head shots, a resume, and more. Putting together a portfolio can cost $50-$200.
What is going to be included?
- A talent agent is going to be able to use his connections properly to find a job that best suits your needs. Most try outs are going to ask for a particular profile. If you fit this profile, the talent agency will be able to set something up for you.
- A talent agency will also be able to help set up interviews, give you pointers, as well as assist you with other items such as putting together a portfolio.
How can I save money?
- Compare talent agencies in your area by using services such as the Association of Talent Agents. Don’t just focus on the price, but rather on the services with which they can provide you. Keep in mind that it is very hard to get into a talent agency without any previous experience.
- Consider getting a referral from a local actor or even an acting coach. Remember that these agencies are looking for talent that they can sell. If you don’t have any sort of talent, most are going to find it rather hard to get an agency to come on board to help promote your services.