- Brown Belt
- Posts: 989
- Joined: Mon Jul 30, 2007 2:55 pm
I’m in need of some advice/info. I have a product that Spencer Gifts is interested in. I was initially contacted by the buyer because he thought the picture I sent was a finished product, rather than just the design that it is (photoshop mock-up).
When he found out it was just a design, he said he would “look into” manufacturing cost with China, and I figured it was his polite way of blowing me off…well…he called back today and said they are intersted and wanted to know what I was looking for (as in money). I told him I was looking for a company to liscense it for 3-5% and he asked for how long…and I was stumped. He then talked to me about going the route of getting a designer fee instead…basically money up front reguardless of sales.
He wants to know by the end of the week.
So…does anyone have any advice or info on these options? What can I expect as far as a designer fee?
The product is a novelty battery operated “game” idea that he says will have to retail for 19.99 or under.
Thanks in advance.