I found this article yesterday from Indie Producer Mynette Louie. Take a read...
Video Village, Indie-Style
Not every director is suited for low-budget indie filmmaking, and that’s OK if you’re Terrence Malick or David Fincher. But chances are, you’re not…or not yet, anyway. I get a fair number of calls from biggish directors and producers who are having trouble raising money for their films and want to explore how to make them on the super-cheap. I’ve entertained some of these requests, collecting funny anecdotes along the way, like the director who wanted to fly in stars from another country and rent large trailers for them, but forego unions and production insurance. Or the producer who wanted to cast an actor whose agent demanded $12,000 worth of perks, when our entire costume budget was just $4,000. As much as I want to work with these namey folks, I usually end up politely declining because I know that it will be difficult for them (and for me, especially) to make a movie on a fraction of the budgets to which they’re accustomed.
Read the rest of her article on the IFP website: http://www.ifp.org/resources/12-key-traits-of-the-indie-friendly-director/