What Should I Charge For My Craft?

What Should I Charge?

As a seller on Love Vocals, it’s crucial to understand the value of your vocal work. Whether you’re selling full top-lines, hooks, adlibs, chants, phrases or in fact anything that you can create with your voice, your vocal creations hold significant worth. You can even create and sell albums of vocal samples. This guide will help you determine appropriate pricing for your work based on different licensing categories.

 

Understanding Your Vocal’s Worth

Every vocal track you create has intrinsic value. Pricing your work appropriately ensures that you are compensated fairly and can continue to produce high-quality content. The price you set should reflect the effort, creativity, and skill involved in producing your vocal tracks.

 

Advocate for Yourself

Today’s industry often does not value its creators, leaving us at the bottom of the food chain. It is up to us as creators to advocate for ourselves. How do we do that? We have to value ourselves. Here is your first step to valuing your creativity and your craft. The industry will not value you if you don’t first value yourself. Price wisely. Remember, without CREATIVES, there would be no music industry.

 

Changing the Perception of Vocal Worth

We need to shift the lens through which vocal worth is perceived. If producers are happy to pay for a piece of studio equipment, why should they not pay for vocals? Often, DJs and producers use their tracks to get gigs, and they need our vocals to complete their product. This makes us a commodity. Change starts here. We need to offer our craft as a service and give it value.

 

Licensing Categories

Love Vocals offers five licensing categories, each with its own implications for pricing. Understanding these categories will help you determine the best pricing strategy for your work. Note that these licenses and pricing, except for buyouts, do not include your publishing rights.

 

1. Exclusive License

Definition: An exclusive license grants the buyer full rights to use the vocal track exclusively. No other individual or entity can use or purchase this track once sold under this license.

Implications: Since the buyer obtains exclusive rights, this license generally commands a higher price. The exclusivity increases the track’s value, making it a premium offering.

Pricing Strategy: Consider the uniqueness and potential market value of the track. High-demand genres or exceptional vocal performances can fetch higher prices. Pricing for an exclusive license might range from $500 to $5,000 or more, depending on your experience, the track’s potential, and your career stage.

 

2. Non-Exclusive License

Definition: A non-exclusive license allows the buyer to use the vocal track, but the seller retains the right to sell the same track to multiple buyers.

Implications: This license offers flexibility for both the seller and multiple buyers, making it more affordable than an exclusive license.

Pricing Strategy: Set a lower price compared to exclusive licenses to attract multiple buyers. The cumulative sales can result in substantial earnings. Pricing for a non-exclusive license might range from $100 to $500.

 

3. Joint Work License

Definition: A joint work license involves collaboration between the seller and the buyer, where both parties share the rights to the final product. This is often used for co-writing or co-producing projects.

Implications: Both parties have shared ownership, which can lead to shared profits and recognition. The pricing can be negotiated based on the contribution and expected revenue sharing.

Pricing Strategy: Consider the potential for future earnings and the collaborative nature of the project. Set a base price and outline the terms of revenue sharing. Pricing for a joint work license might range from $300 to $1,500.

 

4. Buyout

Definition: A buyout license transfers all rights of the vocal track to the buyer permanently. The seller relinquishes any future claims to the track.

Implications: This is the most comprehensive license, often used by buyers who want complete control over the track. It typically commands the highest price due to the total transfer of rights.

Pricing Strategy: Evaluate the track’s potential longevity and demand in the market. Set a premium price reflecting the complete transfer of rights. Pricing for a buyout might range from $1,000 to $10,000 or more.

 

5. Licensing Categories Not Including Publishing Rights

Note: These licensing categories and the corresponding pricing, except for buyouts, do not include your publishing rights. It is essential to clarify this with your buyers and include it in your terms and conditions.

 

Determining Your Pricing

Factors to Consider

  • Quality and Uniqueness: High-quality, unique tracks can be priced higher.
  • Market Demand: Research similar tracks and their pricing to gauge market trends.
  • Effort and Skill: Consider the time, effort, and skill involved in creating the track.
  • Potential Usage: Tracks with broader potential usage (e.g., in commercials, films) can be priced higher.
  • Your Career Stage: Your pricing will also depend on where you are in your career and the level of creator you are. Established artists can command higher prices than those just starting out.
  • Preferred Collaborators: Consider who you want to work with. Pricing can be adjusted based on the type of clients or projects you wish to attract.
 
 

Pricing Strategy

  • Exclusive License: $500 – $5,000+
  • Non-Exclusive License: $100 – $500
  • Joint Work License: $300 – $1,500
  • Buyout: $1,000 – $10,000+
  • Full Toplines: $200 – $1,000+ (depending on license type)
  • Hooks: $100 – $500
  • Adlibs and Chants: $50 – $200
  • Phrases: $20 – $100
  • Albums of Vocal Samples: $100 – $1,000+
 

Automated Fair 50/50 Collaboration Contracts

Love Vocals offers automated fair 50/50 collaboration contracts that you can choose from. The reason buyers still have to pay is that in today’s market of streaming, very little comes from streaming and download sales, and artists need to earn a sensible income from their craft.

 

Selling Your Vocals in the Marketplace vs. Offering Custom Collaborations

Selling Your Vocals in the Marketplace

When you sell your vocal tracks in the marketplace, you upload pre-recorded tracks that buyers can purchase directly. This allows you to reach a wide audience and make multiple sales. You are responsible for setting the price, ensuring the quality of the tracks, and managing your store. This is a great option for those who have a library of vocal tracks ready to sell.

 

Offering Custom Collaborations

Custom collaborations involve creating new, custom tracks with a creator of your choice. To initiate a custom collaboration, visit the member page and search for a potential partner. On their profile page, you can audition their work, evaluate their skill level, and click the collaborate button to send them a message. This approach allows for personalized projects and deeper creative connections.

 

Conclusion

Understanding the value of your vocal work and the licensing categories available will help you set appropriate prices for your creations. Each track you sell on Love Vocals has the potential to contribute significantly to your career, so price them thoughtfully to reflect their true worth.

For more detailed information on contracts and licensing, click here (More about contracts and licensing). 

By following these guidelines, you can ensure that your work is valued appropriately, leading to fair compensation and greater success on Love Vocals.

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