Etini
Valued Contributor
One of the challenges of people that make creative properties is how to price it for licensing. It is not a straightforward thing as they might not be a standard pricing procedure for pricing creative properties. But you can use these strategic approaches to set a benchmark for how you price your creative property.
1) Comparison Approach: You can checkout other creative property that have the same characteristics with yours and the rates that they were licensed to have an idea of how you would price your own creative property. Lookout for creative property that share the same use and complexity in creation with yours. License yours within the same rates those ones were also licensed.
2) General Royalty Rates: You can use the general royalty rates prevalent to set the pricing for your creative property. This is for creative property that have already established rates like music and photos.
1) Comparison Approach: You can checkout other creative property that have the same characteristics with yours and the rates that they were licensed to have an idea of how you would price your own creative property. Lookout for creative property that share the same use and complexity in creation with yours. License yours within the same rates those ones were also licensed.
2) General Royalty Rates: You can use the general royalty rates prevalent to set the pricing for your creative property. This is for creative property that have already established rates like music and photos.
