Saturday, February 28, 2004

Designers

I have found a designer who is very talented, and more
importantly, interested in designing my idea. She has never
worked on royalty fee basis so I cannot ask her for previous
contracts.

***

Usually you'll find this kind of info out doing the research phase, and
reading trade journal articles about who is paying whom what for design... some
of
these designers have biz agents... track down karl lagerfeld and try to
ask... they'll refer you to his agent... his fee is probably standard, say 3%,
but
his up front "advance against royalties" may be $1 million.

Of course, you will not pay $1 million nor contract Karl; but you will then
know his rate is 3% and you pay your designer "the same as karl lagerfeld",
just no advance.

Work along these lines and let me know how it goes.

John


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