Money Question
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- nylon
Sat in bar with friend last night and had one of those beer fuelled conversations...
Just interested what you think...
You are a work from home freelancer turning over $500,000 (spec work - no contracts) a year and have your own clients. I mean real clients - not going into Landor/Brand Union/AKQA and the rest.
A company calls you up and wants to to be part of their agency i.e. merge...
You tell them that you will bring your $500,000 to the table...
What would should you salary be?
- pumpaction0
You guys have serious conversation when you drink, I usually converse about tits and ass and videogames.
- 20020
You will be asking for base salary plus
- ownership of the new agency
- percentage of total profitAnd that should be 50% - 100% increase in what you are making.
- 20020
Too logical?
Salary $1
- imagineallthepeople0
stupid thing to ask brah.
depends on too many variables, how much proft that half a mil turnover equates to. how much that is deemed worth by the firm. how dependable, stable the designers' client connections are. if he's going for partnership or employee, the way he wants to set the switch, via comission, or signing bonus, or equity, or a mix of those..
- bored2death0
Damn... $500,000?
Why would you want to split that with anyone?
- lajj0
- formed0
$500k and you are asking about how much you should get for a salary? Sorry, sounds like talk after too many beers and too many "what ifs".
- Julesvm0
no agency gig will be worth the 500k and the freedom freelancing brings. bad move if you ask me.
- bored2death0
So you're saying you're TURNING AWAY $500,000 a year because you don't have the resources to do it?
If you brought in $500,000 a year I imagine you'd get a commission like a salesman. That's like 15-35%, right?
If you want to become a salesman, go for it.