Pricing on a job

[Henry Guilherme]

Hi
I'm new to this forum and hope someone out there can help out with a question that I have.
Recently I had 3 of my Photographs chosen to be used in a 5 star hotel in the suites. They are going to be repeated around 300 times. The Idea is to give them the digital file. I have been asked to give a price but I honestly don't know how I should figure out the right price. Until now I have done architectural jobs only which I usually calculate differently.
has anyone had this experience before or can someone give me some pointers to get a correct price for everyone?

Thanks

 

[tirediron]

Ask them how much they're willing to pay. 20 years ago, this would have been a $10,000/year licensing job. Today, if you're lucky, you may get a few thousand from it. I would ask them what their budget is for the project, add 10% and if they agree to that, call it a win. Assuming this is a large hotel/chain, then I would be thinking in the $5-6000.

 

[Henry Guilherme]

Actually the photos have already been approved and basically they are just waiting for the price. they have been put in the model suit. So I don't really know if they will give me the budget. I think that they will try to get away with a very low price. That's why I'm afraid to ask them for what they are waiting for.

 

[tirediron]

I'm afraid you've allowed the cart to get in front of the horse... Worse-case scenario, it will be a good lesson. Always have prices set and agreements & usage licenses signed BEFORE you hand anything over that doesn't have "PROOF" emblazoned across it. In that case, throw a number at them that you will be happy with and hope it sticks.

 

[Henry Guilherme]

Thanks for your feedback.
I think that I didn't explain myself well. What they have is just a print copy for 1 room. I haven't given them the digital format and they will only have it after the contract is closed.
Once again, thank you for your answer it has been very useful.

 

[vintagesnaps]

Try http://asmp.org or PPA for guidelines on how to determine pricing. You're talking commercial use and licensing usage.

That's good they only have a print but learn from this for next time, They're a business - you should have a contract. This is licensing usage for commercial use. Try http://asmp.org or PPA for resources on determining pricing, licensing usage, releases and contracts, etc. etc.

I must have read John's mind... his pricing seems realistic.

 

[tirediron]

Thanks for your feedback.
I think that I didn't explain myself well. What they have is just a print copy for 1 room. I haven't given them the digital format and they will only have it after the contract is closed.
Once again, thank you for your answer it has been very useful.

That's good!