Every track in your store needs to have a rate card assigned to it. The rate card is the pricing engine by which your licenses are priced as well as defines several other sales related properties for the track. It usually consists of a number of different prices depending on parameters like territory, term, number of productions, etc. You can have any number of rate cards, and you can assign any card to any track. This enables you to have different pricing structures for different tracks in your library.
LicenseQuote provides five ready-made rate-cards out of the box (Basic, Simple A, Simple B, Advanced, and Blanket Sales). You can use them as is, edit them or create new ones.
The ‘Rate Card’ page displays the rate cards you have available in your store. The ones you see below are the LQ default cards.
Creates a brand new custom rate card. Enter a name and description and click ‘Insert’.
You have a choice of copying one of the other rate cards as the basis for your new Rate Card or selecting a blank card. Select ‘Blank (for Custom rate card)’.
Takes you to the Rate Card edit page.
Set Default For Mixed Projects (aka Shopping Cart)
Each track can have a different rate card assigned to it. When a customer creates a ‘Project’ in your store, it may be that it contains a mixture of tracks with different rate cards. The customer is allowed to purchase a license for all the tracks in a project folder (shopping cart) in a single purchase. By highlighting a rate card and then clicking the ‘Set Default For Mixed Projects’ button, this rate card is assigned for this purpose of such mixed projects/shopping carts. This can be any existing rate card, or you can make a special rate card just for this. The assigned rate card appears with a green typeface.
Edit | Rename | Delete
You can edit, view and delete from here.
Turn Blanket License Sales ON
This button turns on the Blanket License sales logic which allows a customer to purchase a blanket license (unlimited usage of your tracks for a given period or a number of tracks). Learn more here.
After selecting be sure to click ‘Save Blanket’.
Show blanket license buy link in store header
Displays a link in the store’s header which says ‘Buy Blanket License’. If you do not check box, you can sell Blanket License only using an API link.
After selecting be sure to click ‘Save Blanket’.
Your store comes with one Blanket Sales rate-card. The blanket sales rate-card can only be used for blanket sales and cannot be used as a regular rate-card. Also, a regular rate-card cannot be used for blanket sales.
You can either:
- Use any of the supplied cards as is.
- Start with one of the supplied cards and customize it to your needs.
- Create a completely new customized rate card.
For this tutorial we will highlight the Basic template and click ‘Edit’:
‘Request clearance, price quotes and negotiate on-line’
When a customer wants to buy a license, you can give them the option to negotiate the price interactively with you. This enables that feature.
Use this function only if you are willing and want to receive client quote and bid requests.
‘Use the automated licensing calculator to buy licenses’
Enables the automatic pricing calculator. This lets your clients but licenses as self-service, without your intervention.
Note that both of these can be enabled at the same time.
‘License button label’
This is what will appear on the button in your store. The default text is “License” but you can change it to “License Now!”, “Buy” or whatever you like.
‘Buy tracks (quick retail purchase button)’
This enables an additional “Buy” button in your store. You can use this if you want to sell your tracks for consumer use (as in iTunes etc.). Put the cost value in the box.
‘Download tracks (for preview)’
This enables customers to download the preview mp3 file for trying out in their productions before buying a license. Some call this a demo download.
You can have either a retail Buy or a demo Download button in your store, but not both at the same time (there is not enough space).
‘Download button label’
The text on the preview download button. The default text is “Download” but you can change it to “Demo”, “Test Download” or whatever you like.
The list of licenses for the Basic rate card are displayed. There are 10 license options/types on this card. You can have as many or as few as you want. These will appear in the pull-down menu a customer will see when she wants to purchase a license. You can click the “Test” button to see how the Rate-Card works:
Adjusting License Types data
Click ‘Adjust’ to adjust the price of a particular license type. The default is 100% - you can adjust the percentage up or down to get the rate you want. This is a quick and simple way to adjust pricing. An advanced way is by editing the Pricing Matrix itself which is covered here.
Click ‘Disable’ to disable a license type so that it won’t appear in the pricing calculator.
Click ‘Edit Description’ to edit the specific details of the license. This will appear in the store before a customer makes a purchase and in ‘Schedule B’ at the bottom of your license agreement. This will outline the terms and limits of usage. This is a very powerful means to add information and terms that you want your customer to see and agree to before making the purchase.
To add a new Licensing Type, you’ll have to edit the Pricing Matrix.
- ‘Test’ button displays the pricing calculator as it will appear in your LicenseQuote store for your clients.
- ‘Edit’ takes you to the edit page. This is covered in detail here.
- ‘Revert to Default’ reverts the card to its default configuration.
- ‘View’ button displays the licensing contract as your customer will see it.
- ‘Edit’ allows you to customize your agreement (If you are not sure, we highly recommend that you consult with a music copyright lawyer before making any changes to the agreement).
- ‘Revert to Default’ reverts the agreement to the default version.
Be sure to click ‘Save’ when you’re done.