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Licensing request response. Help



 
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Old September 24th, 2009 Sep 24, 2009 8:48:05 PM -   #1 (permalink)
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Default Licensing request response. Help

Ok , so i got the author to respond to my request to license.... but hes asking what my offer is.
% of royalties for each image and offer...

What should i reply? how do i get a general idea, not to insult, but yet not to give something too high?

Thank you!


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Old September 25th, 2009 Sep 25, 2009 8:33:48 AM -   #2 (permalink)
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Default Re: Licensing request response. Help

Preface your reply with: This is just an initial offer and I am open to negotiation.

But, the higher your initial offer the more you're going to end up paying so start on the lower end of what you would be willing to pay. Also set your "I'm not going past this point" value now. Figuring that out early will generally prevent you from loosing money. You can also just give that value right up front and say this is all I'm willing to pay - take it or leave it
 
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Old September 25th, 2009 Sep 25, 2009 12:48:14 PM -   #3 (permalink)
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Default Re: Licensing request response. Help

How much is it worth to you?
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Old September 25th, 2009 Sep 25, 2009 6:04:46 PM -   #4 (permalink)
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Default Re: Licensing request response. Help

Quote:
Originally Posted by PositiveDave
How much is it worth to you?
is there a formula i can apply to calculate based on reatil price? I have an estimate for retail and the demand. But im willing to do limited quantities, lets say 100 only, how does that effect?

Whats better, Royalties for artwork from every sale? or a lump amount?

thanks...
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Old September 26th, 2009 Sep 26, 2009 8:53:19 PM -   #5 (permalink)
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Default Re: Licensing request response. Help

Quote:
Originally Posted by alquimiq
Whats better, Royalties for artwork from every sale? or a lump amount?
It depends. How long do you think your designs will be popular? What do you want - money now or money later?
 
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