Sorry for bumping an old thread, but I just realized how LOW FULL 4/3 lenses are becoming.
14-54mm Olympus Mark I (there are two versions a Mark 1 and Mark 2) is UNDER $100 USED. Yes you have to buy an adapter. Yes it's not the best for AF and you don't have continuous Af. But cheap adapters are $50. so $150 buys you a 2.8-3.5 14-54mm zoom lens, about the same price as a kit lens...not bad. The Mark 2 version (which has better AF) is about $200. the 12-60mm 2.8-4.0 Oly is about $250, $300 with the adapter used.
Sigma's 30mm 1.4 is $200 used on ebay. ($300 used on average if you get it from a store).
Not the most exciting thing, but you get your zoom lens or prime lens, with a few hundred to spare.
$250 is crud, but a few shoots at $250 when you are just starting out is normal. To put this in perspective, $25hr for editing (which is paid less than shooting generally) is a normal rate for a freelancer hourly rate, even wedding studios agree to $25 hr for an outsourced editor's hourly rate for example.
$250 for shooting is about that rate, maybe slightly larger by a few buck per hour vs. a wedding editor...then again you're factoring in shooting gear costs more than an iMac and then look at that...you're making less than a run of the mill wedding editor.
$250 is pretty much an unofficial "minimum wage" for day rates, but if it's your first shoot, it's not the end of the world if you take it. Don't stress over it - if it's your first shoot I'd say just do it then evaluate the experience afterwards.
For editing footage, hopefully you're getting more than that if you have to shoot AND edit it. If it's of any help, and these are very rough formulas, but they help if you're just starting out:
1. It will generally take you 5x the amount of raw footage running time to edit COMFORTABLY - ie no mistakes and properly color corrected, allowing for modest changes from sane people
2. For event coverage, you generally get about half of the allotted time for an event on film than what you were scheduled for. In other words, if you are scheduled to shoot an 8 hour event, if you've done your job and kept shooting, you would yield approximately 4 hrs of raw footage - however this can vary. If there wasn't much in terms of speeches and presentations and it's mostly broll, so you could have less than 4hrs. But use this as a guideline.
So if someone asks you to shoot a 6hr event, it would yield, on average for a dedicated shooter, 3 hours of raw footage...5 times 3 hours equals a 15 hr edit (which allows for a non-rushed edit of something you're happy to show the client and allows room for changes from a reasonable person...USUALLY).
And again, this will vary, but it's a decent starting point. Long story short, budget an all day shoot as a 2 day edit PER CAMERA at MINIMUM. If you have a 2nd camera for an all day shoot, then it's a workweek to edit roughly.
Main advice ADD SOUND - we need to hear the applause as they enter, walk down the aisle, hear them giggle during the bridal prep etc.
And YES THEY NOTICE the difference...by miles. If you don't have natural sound then you're not giving them a much different product than the photographer.
I did a review a while back for a 4-12mm 1.2 C mount lens ...it's 90 bucks...
Then you can probably get the Rokinon 12mm. or a used Oly 17mm 1.8 with the remaining cash.