Hi,
I’m new here so I hope I’m posting in the right area. Anyway any help would be appreciated. I have a product line which I have designed, developed and being selling over the past 10 years. This has been on a very small scale. Without going into the details, it isn’t a unique product and there are many others on the market doing more or less the same thing. Now I have come to a cross roads with my business. The product will need to have some minor changes made to it in order to meet with new regulations, etc and as a result I will need to either find an investor or have someone manufacture and sell them. Recently I have been in talks with a manufacturer of similar equipment, who is very interested in manufacturing it. It seems that they need to do this as the days of their existing products are numbered and mine will suit them perfectly. They have no expertise in the main technical area of my product and will involve close cooperation with me through the change over process. My question is (finally) how can I put a value on what I have to offer. They have already offered 5% on their sales price, however I will also need a lump sum to keep me going during the change over. I expect that we could be making sales within 6 months. What factors are involved in the calculation and what impact might that have on my commission? Thank you for your help in advance.
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Topic: Commission and lump sum help. (Read 2453 times)
