I hope you're doing well today! So the question for this article is, how do actors and actresses make money?
There are several ways actors and actresses make money. Firstly if you start of as an extra or background performer you only get paid one time only for each job. The amount you get paid varies. For example you get paid a certain rate for being non union which depends on the project you are working on. When you become a SAG-AFTRA union member you will get paid more than a non union worker. Again the rate depends on the project you are working on.
The next step up from being an extra or background performer is being a day-player. This means you get one line or up to five lines. In layman's terms this also can be measured as five lines or under. Also known as a five and under. In this case you would get paid a lot more than being an extra or background artist. Again it's a specified SAG-AFTRA rate depending on the individual show.
In addition for these roles you would also receive what is called residual income. This is also known as recurring income. It means that you will continue to get paid for up to months or years after you have filmed that one particular role. Again it depends on the contract binding for each individual project. The next level is guest star, then recurring, then supporting, then starring roles. The bigger the role, the more you get paid, both after the job is completed as well as residuals.
The ideal residual income will produce money 24/7 and you don’t have to personally be involved with the project in any way. All you have to do is watch your bank account grow. Can you imagine this type of income? Let me tell you I have experienced in both acting and my business career and it feels awesome! When you are an actor the most common ways of making money are either commercially or theatrically. For those of you who don't know what this means commercially means television or internet commercials and theatrically means film/movie, television, and internet projects either drama or comedy or both mixed (dramedy. You can also earn residual income for commercials, not just theatrical projects. Once again this also depends on each individual project and the contract binding.
Onother question that relates to this topic is how much does the average actor or actress make? This varies depending on the individual actor, however studies have shown that figure to be around $90,000. I got this information from MTV news. This is not so bad is it? This might seem like a good figure to the aspiring actor, however not to the top actors. They have been known to make around $20 Million for each movie. So again it depends on the individual and what level you are at.
If you are interested in becoming an actor or actress you can read my article on How to become an actor or actress So to summarize being an actor or actress can be a very stable or lucrative career, depending on the level of each individual artist. The idea residual or recurring income sounds interesting doesn't it? It sure does to me, and as an actor I cant wait to earn more of this type of income as well as the first payment for completing the jobs!
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I hope this information helps!
Until next time…
Thank you for visiting,
Matt J. Doyle