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How Do You Determine A Fair Price For Licensing Your Videos And Photos?

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 looks at how to determine the cost of licensing your footage.

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The factors I came up with for determining a licensing fee included any or all of the following;

a) who the company or individual is (fortune 500, independent producer, NPO, small business, etc)

b) the reach of the media (one small photo in an online ad vs ten billboards and print magazine ads, etc)

c) the usage (single use online, unlimited use in print, exclusive, non-exclusive, etc)

d) the duration (1 year, in perpetuity, or anything in between)

e) what it cost me to produce the media (typically my day rate, plus any extra production expenses to complete the work being licensed)

As suggested in the Adorama video above, you could inquire as to the total media buy for that campaign, and base your fee off that using a sliding scale… That’s not something I’ve dealt with personally, but it sounds like a good approach for certain situations.

Understanding the answers to all of the above factors has led to me to determine rates for licensing my work. As you can imagine, each and every client, video/photo, and request is different, so the fee is different every time as well.

One a side note, I’ve learned from speaking with photographers who regularly license work to magazines, is that the pay really isn’t worth it. This could be the subject of another article altogether, but I’ve heard from several notable outdoor adventure shooters that even a cover image was only earning them about $200-$400. When you consider the time and effort put in to create those visuals, and the cost of the gear used, it’s kind of depressing that the rates are not more…

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