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DPChallenge Forums >> Business of Photography >> Revenue Share: Advice needed
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04/02/2014 08:28:37 PM · #1
I've contacted a large company that owns Lightroom Presets. They are quite useful. While I would like to have my own LR Presets to sell, I'm not yet in a position to do so. So, I would like to take theirs and sell them here in Japan.

The big catch is, I would be translating all their documents and supplying subtitles for videos that would come with their presets. This is a big job to undertake, but it could end with a great source of revenue. However, I'm not sure how to handle the question asked "What did you have in mind in terms of revenue share?" because I'm not in the business of translating (Although I can) and I'm not in the business of selling anything with shared revenues.

This may be a difficult topic to answer, but if anyone has experience or advice, I'd really appreciate it.

Message edited by author 2014-04-02 20:29:11.
04/02/2014 10:43:24 PM · #2
the simplest way is this:
if you were to pay someone to create the presets for you to own and sell, what would it cost you?
add to that what it would cost to do all the packaging, marketing collateral/website development, etc.

if they were to pay you to do all the translations, what would you charge them?

that would give you a revenue share ratio.

for example, if it takes 500 hours to develop at $50/hr, that would be $25,000. the graphics/marketing/web stuff could easily take another $10,000. maybe another $5,000 for pr. and maybe another $10,000 to develop all the support materials and get the support infrastructure in place. sure, somebody could whip something together really quickly, but to have a polished, commercial product that is not only ready for market, but supportable, you could easily be looking at close to $50,000.

now to do the translation. yeah, that's going to take some work, but all the heavy lifting is done. it might take you 4 weeks working on it part time, maybe a week if you can do it full time. for grins, lets just say it will take you 50 hours and you value your time at $40/hr. that's $2,000.

so, your revenue split ratio would be at least 1/25, or 4%.

your mileage may vary...good luck!

04/03/2014 01:47:08 AM · #3
Translation costs 65USD per 160 words. Video/Audio to document is 100USD per hour, so depending on the length of video/audio and the speed of the person dictating it, the price would vary. This is the standard English to Japanese, Japanese to English translation fees.

I have no idea how many words there are in total or how many hours it will take to dictate everything. I believe their videos are 4 hours in total. This will be a combined effort of my wife and I working non-stop. I left the revenue share open to negotiation but started by asking 50/50. I'd also be looking at taking on the customer service in Japanese.
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