It depends on whether you’re working with a freelancer or a professional video production agency. When working with a freelancer the cost of making an explainer video may be up to 50% lower compared to the explainer video price that an agency may give you. However, this production approach comes with a few drawbacks such as limited expertise of the freelance specialist, delays or inability to control the production process (on your end) — which is not the case when working with a professional agency. With such a team, the cost of an explainer video production normally starts at $1,000 per minute. It may also go lower than that in the case of large projects.