
Last Wednesday night, the 17th of March, I did an interview (click here to listen to the full interview) with the delightful Tara Reed of www.artlicensinginfo.com. It was a question and answer about licensing and apparently she had a lot of people with a lot of questions! We were only able to cover about 12 of them, but it was very interesting for me to rethink this subject again. Licensing has changed so much since I first got started that it’s practically an entirely different business now. As with many other industries, technology has altered EVERYTHING. For the better, mostly, but since anyone and everyone can now show and sell on the internet, it makes it a little harder to stand out in the crowd and be able to actually make a living in art licensing.
One of the most commonly asked questions is “Should I get an agent?” An agent is an excellent way to get your foot in the door at companies you otherwise would not be able to access. Agents worth their salt know the right people to talk to the first time, so you’re not wasting your time. And as long as the agent is actively working for you (and by that I mean staying in touch with the people who can keep your program going once initial contact has been made), then they’re worth their weight in gold. If you agree upon a fee up front to just have an agent get you in the door, that’s one thing (If you do that, you, or someone on your team, better have the organizational skills to manage the program because it is an astounding amount of work if you don’t want it to just be a flash-in-the-pan program). If you agree to a percentage of the whole program because supposedly the agent will be managing everything, you will still need to stay on top of things to make sure everything is being taken care of. Make sure in your contract with the agent that you have an exit plan in writing in case things don’t go as planned.
Remember, your art work is the reason you are all gathered together there– DO NOT UNDERVALUE IT. And do not assume that just because you have a signed contract with an agent or a manufacturer or retailer that all will go smoothly now and you can just step back, make art and not worry. You have to stay informed and you have to make sure people honor the agreements you’ve made with them.
The other piece of advice I always offer is GET AN ATTORNEY. One who is well-versed in intellectual property law. Preferably not a friend or relative. And I don’t care if you’re going into business with your very bestest friend or even your own mother– get a contract spelling out everybody’s jobs, obligations, and exit plans. If your soon-to-be business partner balks at this, you need a different business partner.
If I sound grim, it’s because I’ve been through some grim times with just these kinds of problems and I want you to avoid them! And of course, most of my business life has been wonderful and yours will be too, with a little common-sense business planning up front. The bottom line is we’re all extremely, unbelievably lucky to be doing this for a living in any way, shape, or form, so HAVE FUN! …Just as soon as you get that contract signed.
~Mary
P.S. Going forward, I’m putting a permanent link on our website to Tara’s website, www.artlicensinginfo.com, for anyone who is looking for advice on art licensing. You can also check out Tara’s other great sites, like http://artmarketingwithtara.com/ and http://www.tarareeddesigns.com/, for more useful info and to see her own wonderful artwork. She’s a busy lady!






