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Ivy Ho

8 Years Ago

Royalty Rate

I was contacted by an e-commerce company who is interested in marketing my photos. They will provide a royalty payment of 15% of the retail list price of the product in exchange for the rights to display and commercialise my photos on their website. They will take care of everything. They are looking at canvas print for 16x20 upwards, but they price is low.

My question is, what do you think is a fair price for canvas print of this size given that they take care of the printing and packaging? Do you think 15% royalty is low?

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What percentage mark up do you currently charge and what of that are you willing to give up for them to market, print and ship.

If the final percentage profit is equal to or greater than 15% then it might be worth it. I'd want to see terms and conditions though and make ownerships are retained etc.

 

Gill Billington

8 Years Ago

Do you set the retail or do they? If they set the retail and their prices are low then people who bought from you here will be very annoyed if they see your images cheaper elsewhere and you will probably hurt sales from here. Don't under value yourself.

They could also offer discounts on some days so you have no control over what you will get. That's the great thing about this site, you know exactly what you will get for each size of print.

Check the terms and conditions carefully. Also I would google pros and cons of this site to see what existing artists think of it.

 

Bradford Martin

8 Years Ago

This sounds to me like a glorified POD site with a low payout. I would hope you make a lot more than 15% here so it does not seem wise to compete with yourself.

 

Ivy Ho

8 Years Ago

Good point Justin and Bradford. I do make more than 15% here.
Gil, they set the retail. Since they are new, they are open to discussion.

 

Mike Savad

8 Years Ago

15% sounds rather low, and it really depends how much their retail price is. if they really sell a 1000 a day for example, it might be ok. but art usually sells now and then. by "rights" what do they mean exactly? are these exclusive rights?

if you can sell your work on other things to other people. and you contract outlines exactly what they can do with it, then its an extra source of income. if they only want to give you that much (and make sure its off of retail, because one guy tried conning me for the whole sale price which was in cents), and they want it exclusively. i would say no.


---Mike Savad
http://www.MikeSavad.com

 

Steve Cossey

8 Years Ago

Set up your images as rights managed for the ones that you want to offer them. So you get a big fat chunk up front and then residuals on every single one they sell.

 

Edward Fielding

8 Years Ago

Low no matter the price. My guess is their sales price is low too. You will be undercutting yourself.

 

Ivy Ho

8 Years Ago

Thank you all. I've decided not to go through with this.

 

This discussion is closed.