Good Day All!
So here is my dilemma.
A large furniture manufacturing is producing my piece...ok that is not the dilemma. The dilemma is that this manufacturer has tons of experience in producing in high volumes...a couple hundered thousand units a year for one piece! So they have standards for royalties for these types of quantities...1-3%. My piece is a more high-end boutique piece and I will be lucky to get a couple hundred out the door a year...which is fine:)
So I am curious if anyone might have any info on what type of royalty percentage I shold be looking at?
Any info would be much appreciated.