- Joined
- Dec 23, 2012
- Messages
- 5
Heya Bladefourms, I am in serious need of some professional advice.
A smart fella once said "We don't know what we don't know.", and I find myself in this predicament...
The Story: I love knives. I fondle them, I carry them, I use them, I collect them, I study them, I design them. The last on the list I have gotten fairly serious about in the last few years. It all started a few months back, when a regular customer at my 9-5 "Just Over Broke" made mention that his company was going to bring a specific knife design to market soon... He had the general idea in his head, but no way to shoot it up in CAD. I did this free of charge, with the stipulation that the blade carry my name when it came to market (I got to collaborate with a writer for BLADE magazine!!! There is talk of it actually getting a write-up fairly soon!!! I'm excited beyond words.).
Okay, so I worked with a company to produce a design that will actually be brought to market. This company actually had a booth at Shot Show 2014 (last month), and got me in as a designer... they wanted me on hand to talk about the design and help drum up interest in the product. Sadly, when I got to Vegas, my prototype was nowhere to be found. There were some CNC machine issues that held up the process, and my knife never showed. I was devastated, but decided to enjoy myself none-the-less, and maybe try to do a bit of networking (cant "talk shop"/drum up interest without a product!).
Interesting Side-Note: I run autoCAD 360 on my phone (a galaxy note 2), and without it, I would have been wasting my time... Lesson learned: If you're a nobody, have a solid portfolio ready to rock and roll... and a fun presentation method isn't bad either.
I made a few connections, got a few business cards, and had a helluva good time playing with all of the new toys.
I emailed some of my work (dynamic screenshots only, no actual design details/measurements) to a few of the companies that seemed most interested in working with new designers. Lo-n-behold I got a bite. I now find myself in the position of being about to make my first design sale... and have NO idea how this market works...
Obviously, I'm not Ken Onion, Kit Carson, Andrew Demco, R.J. Martin, etc... and do not command the same compensation... but I'm seriously at a loss. I don't know if I should be asking $5 bucks or $5million. I don't know if asking for a percentage of sales is appropriate... or if royalties are something that would be on the table... I just don't even know what I don't know.
Anyone with ANY advice or experience selling designs to knife making companies... I would truly appreciate some direction!
-ThornsofTime-
TL;DR- I'm a 'No-Name' knife designer about to make a sale and have NO idea how to handle the financial aspect of said transaction... Any help would be appreciated.
A smart fella once said "We don't know what we don't know.", and I find myself in this predicament...
The Story: I love knives. I fondle them, I carry them, I use them, I collect them, I study them, I design them. The last on the list I have gotten fairly serious about in the last few years. It all started a few months back, when a regular customer at my 9-5 "Just Over Broke" made mention that his company was going to bring a specific knife design to market soon... He had the general idea in his head, but no way to shoot it up in CAD. I did this free of charge, with the stipulation that the blade carry my name when it came to market (I got to collaborate with a writer for BLADE magazine!!! There is talk of it actually getting a write-up fairly soon!!! I'm excited beyond words.).
Okay, so I worked with a company to produce a design that will actually be brought to market. This company actually had a booth at Shot Show 2014 (last month), and got me in as a designer... they wanted me on hand to talk about the design and help drum up interest in the product. Sadly, when I got to Vegas, my prototype was nowhere to be found. There were some CNC machine issues that held up the process, and my knife never showed. I was devastated, but decided to enjoy myself none-the-less, and maybe try to do a bit of networking (cant "talk shop"/drum up interest without a product!).
Interesting Side-Note: I run autoCAD 360 on my phone (a galaxy note 2), and without it, I would have been wasting my time... Lesson learned: If you're a nobody, have a solid portfolio ready to rock and roll... and a fun presentation method isn't bad either.
I made a few connections, got a few business cards, and had a helluva good time playing with all of the new toys.
I emailed some of my work (dynamic screenshots only, no actual design details/measurements) to a few of the companies that seemed most interested in working with new designers. Lo-n-behold I got a bite. I now find myself in the position of being about to make my first design sale... and have NO idea how this market works...
Obviously, I'm not Ken Onion, Kit Carson, Andrew Demco, R.J. Martin, etc... and do not command the same compensation... but I'm seriously at a loss. I don't know if I should be asking $5 bucks or $5million. I don't know if asking for a percentage of sales is appropriate... or if royalties are something that would be on the table... I just don't even know what I don't know.
Anyone with ANY advice or experience selling designs to knife making companies... I would truly appreciate some direction!
-ThornsofTime-
TL;DR- I'm a 'No-Name' knife designer about to make a sale and have NO idea how to handle the financial aspect of said transaction... Any help would be appreciated.