Art Money & Success by Maria Brophy

Author:Maria Brophy [Brophy, Maria]
Language: eng
Format: epub
ISBN: 9780999011508
Amazon: 0999011502
Publisher: Son of the Sea, Inc.
Published: 2017-05-21T00:00:00+00:00

All of these things are priced variably. Below I will give you basic guidelines based on how we charge for licensing, and you can use our pricing as a baseline to help you determine your own.

Keep in mind, if you are an artist that has a great brand recognition and is globally known, you can probably get a better deal than we do. If you are just new to the game, your deal may not be as good as ours.

In licensing, we refer to the client or manufacturer as the Licensee. You, the artist, are referred to as the Licensor.

THREE COMMON METHODS

There are three common methods of charging a Licensee for licensing your work:

ROYALTY: The manufacturer pays the artist a royalty percentage of their gross sales. The royalty is paid either monthly or quarterly for sales made in the previous period.

ROYALTY WITH ADVANCE UP FRONT: The manufacturer pays the artist a royalty percentage of their gross sales, and includes an advance payment up front at the time of signing the contract. This advance payment is later deducted from future royalties.

FLAT FEE: A one-time fee is paid instead of royalties.

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