Please help a newbie with a contract question??
Posted: Tue Jun 21, 2016 11:42 am
Hi Folks.
I am relatively new to Taxi, and I've recently been asked by a local Canadian company (unrelated to Taxi) to produce a 60 second and a 30 second piece to be used in TV and Movie Theatre ads for a grocery store. I'm excited to have my foot in the door, and they are enjoying the ideas that I've shared with them.
I've had 9 forwards since joining a few months ago, but I've never ever signed a contract for anything........ever.........so I'm a little freaked about the upcoming business meeting with the Grocery store marketing execs and would love some veteran support in this department.
I am interested in preparing myself for success and learning something about how much I should charge for my work and contracts in case the phone eventually rings over here. I can hear my piano teacher's voice right now saying "as much as flipping possible!" lol
I know that I will be sitting across the table from the grocery store marketing execs in about a weeks time, but I don't know how much to charge them for the work. I don't want to insult either of us with the magic number, and I don't want to shoot my fellow musicians in the foot by asking for too little. Does anyone have a clue as to what the "going rate" for such a thing would be? Has anyone done anything similarly in the past?
Sync Fees and royalties are all a mystery to me. Could someone out there please let me know if there is any substantial amount of money that a regular Joe makes in royalties after making such a deal, or should I expect that the upfront amount would be the majority earned? (like 95% of it?)
Thanks in advance.
I am relatively new to Taxi, and I've recently been asked by a local Canadian company (unrelated to Taxi) to produce a 60 second and a 30 second piece to be used in TV and Movie Theatre ads for a grocery store. I'm excited to have my foot in the door, and they are enjoying the ideas that I've shared with them.
I've had 9 forwards since joining a few months ago, but I've never ever signed a contract for anything........ever.........so I'm a little freaked about the upcoming business meeting with the Grocery store marketing execs and would love some veteran support in this department.
I am interested in preparing myself for success and learning something about how much I should charge for my work and contracts in case the phone eventually rings over here. I can hear my piano teacher's voice right now saying "as much as flipping possible!" lol
I know that I will be sitting across the table from the grocery store marketing execs in about a weeks time, but I don't know how much to charge them for the work. I don't want to insult either of us with the magic number, and I don't want to shoot my fellow musicians in the foot by asking for too little. Does anyone have a clue as to what the "going rate" for such a thing would be? Has anyone done anything similarly in the past?
Sync Fees and royalties are all a mystery to me. Could someone out there please let me know if there is any substantial amount of money that a regular Joe makes in royalties after making such a deal, or should I expect that the upfront amount would be the majority earned? (like 95% of it?)
Thanks in advance.