6. Licensing
This is an unexpected revenue stream for me. I didn't go out looking for it. I just happen to have videos of my kids doing cute things on my family's vlogging channel and brands and agencies find it when researching clips to use in their commercials and promotions. They then reach out to me personally to acquire licensing for the clip. So far these deals average around $5,000 per clip.
Yeah, I do it myself. I don't go out looking for these opportunities. We just have a few popular videos of cute moments with our kids that get found by agencies who are looking for clips to use in their commercials and promotions and such. They usually already have the paperwork and everything ready to go. I just read it over with my lawyer before signing to make sure it's all on the up-and-up.How do you handle licensing with these ad agencies or companies yourself Tim?
Yeah, I do it myself. I don't go out looking for these opportunities. We just have a few popular videos of cute moments with our kids that get found by agencies who are looking for clips to use in their commercials and promotions and such. They usually already have the paperwork and everything ready to go. I just read it over with my lawyer before signing to make sure it's all on the up-and-up.
I get a few of them a year. It's not a steady stream or anything, but at $5,000 a piece you only need a few of them before they really start to add up.How often do you do you get licensing requests Tim? Has this mainly bee in the US or in foreign markets as well?