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Music Consignment Agreement Forms


Music Consignment Agreement Forms document sample

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									         ca                        ns                                 pricing
                                                                                                     [ food for thought ]
                                  [ making the sale count ]        EvErYonE would lovE to MakE $15
                                                                   for each sale of a Cd, but in today’s market this is
Most artists and bands don’t think about
                                                                   (unfortunately) beyond reasonable. Every week homer’s
making it big at the local pub, they dream about the world
                                                                   has hundreds of titles of national artists on sale for prices
tours, screaming groupies, and most importantly, the riaa
                                                                   around $11. For the local artist to stay competitive, the
Gold record of sales. the only way to make the sales count
                                                                   selling price must be reflective of this bigger picture. so
is to make sure you have a barcode, and that the Cd
                                                                   when a customer sees a price of a local artist higher than
is registered with neilsen / soundscan. Please visit
                                                                   this, they usually pass due to the cost. for more information, and for a
                                                                        homer’s has found that keeping the price of a local disc
downloadable form to register your media. You’ll first
                                                                   under $11 is the best option. Cds that have fewer tracks
need a barcode to register with soundscan. once you’ve
                                                                   (like an EP) should also have a lower price as well, (i.e., $4.98
registered your Cd, any sale at homer’s counts towards
                                                                   - $6.98), and single track Cds even lower, (i.e., $2.98). but
this ultimate goal.
                                                                   ultimately, it is up to you to price the Cd.the most common
                                                                   concern we hear is getting a return on the initial cost of
                                                                   pressing the Cds. although a higher retail price would get a

  the for
                                                                   higher margin, the sales might not be as successful.
                                     [ first things first]              Cds must be sealed in some form of shrink-wrap
                                                                   material. otherwise, we can place the Cd in a polyethylene
bEForE wE Can start sEllinG Your Cds,                              bag, and there will be a .25 cent charge per Cd sold to cover
we’ll need a completed and signed consignment agreement.this       this cost.this will be deducted when a payout is made.
is a basic contract outlining the details, (contact info, sale
price, initial quantities, and who the gets the check when the
sales start pouring in), as well as a recap of the finer details
of ownership and inventory management.

                                                                             ing the
     Except for the des Moines store, consignment
agreement forms are only available through our consignment
manager, ray, at hQ.they can be sent to you via fax, e-mail
                                                                        gett                                   [to HOMER’s ]
(as a word document), or the regular mail.the completed
                                                                   it is PrEFErrEd that You droP oFF Cds at our
form must be included when you drop off the Cds. any Cds
                                                                   bellevue store, which is where our hQ is located. if there
dropped off with no consignment form will automatically
                                                                   is another homer’s store more convenient to you, by all
become the property of homer’s.
                                                                   means you can drop them off at that location. Either way,
                                                                   please expect a few days between dropping the Cds
                                                                   off and seeing them on the shelves as we deliver to our
                                                                   stores three times a week, (M, w, F). if you must ship
                                                                   the Cds to us, we suggest using a method that includes
                                                                   tracking and/or confirmation of delivery. no matter how
                                                                   the Cds get to homer’s, please mark the box “attn: ray
                                                                   @ hQ,” or “attn: Consignments.”
                                                                                                                                             [ Inventory & Sales Con’t ]

   our go
          al                                                                           onsig                       nment?                         we check inventory on a weekly basis and refill from our

                                                                          w h at ’ s c                                                      stock at hQ. as we observe the sales and quantity on hand,

                                                                                                                                                                                                                   fine pr
                                                                         sinCE no onE will know iF thE nExt loCal Cd
                                                                                                                                            we’ll contact you to replenish. along with the space issues
                                                                                                                                            mentioned above, sales will also be a factor when we ask for
 hoMEr’s has a stronG dEsirE to hElP
                                                                                                                                            more inventory. do not be alarmed if we only ask for an addi-
 the local artist. there have been numerous bands that have              will sell 3, 30 or 3000 copies, homer’s does not actually buy
                                                                                                                                            tional 6 pieces, and not an additional 60. Please keep in mind   althouGh wE would lovE to kEEP EvErYonE uP
 made their start selling with homer’s before                            the Cds from you. instead, homer’s will take your Cds,
                                                                                                                                            that when we ask for more inventory it does not always mean      to date on their sales and numbers, it is near impossible
 getting major label distribution, and making it big.                    put them on our shelves, and sell them for you. when a sale
                                                                                                                                            there have been enough sales for a payout, just that we need     with the hundreds of titles we manage. You may call or e-mail
       we can sell your Cd off our shelves, and through our              is made, homer’s will take a percentage as part of this process.
                                                                                                                                            more on the shelves.                                             asking about sales and inventory at any time, although once
 webstore, in addition, if your                     homer’s fee is 32% of the sale. For instance, if a Cd sold                                                                          every 6 weeks is a good cycle to keep.

                                                                                                                                                       pa i d
 Cd starts selling well we can also offer listening station              at a retail price of $9.98, you would receive $7.00 per sale.                                                                             ultimately it is up to you to keep contact regarding
 promotions, and include a write up of your release in our                    during the consignment process, although the Cds are
                                                                         in homer’s possession, you are still the owner. however, if one
                                                                                                                                              g etting                                                       inventory and payments. if there is no contact between you
                                                                                                                                                                                                             and homer’s for over 1 year, or there are no sales, consigned
 monthly publication and e-mail blasts.
                                                                         year passes with no communication from you or there are no                                                                          items become the property of homer’s acquisitions.
                                                                                                                                            wE do not PaY out unlEss thErE is a balanCE
                                                                         sales, homer’s will become the rightful owner.                                                                                            it is also your responsibility to keep homer’s informed
                                                                                                                                            of $100 or more, or unless you are closing the agreement and
                                                                                                                                                                                                             of any changes to your contact information, (including but
                                                                                                                                            requesting the remainder of your product. Payouts are only

                                                                                                                                                                                                             not limited to: Contact name, address, Phone, E-mail, or the

       to r e o p
                                                                                                                                            initiated by a request from you. Please allow 30 days from the
                                                                                                                                                                                                             name the checks are issued).

  webs                                                                                      es
                                                                                                                                            date of your request for the check to be issued. Payouts will

                                                                                 or y + sal                                                 only be sent through the us Postal service (usPs).

                                                                          invent                                                                                                                                          t                     us
                                                                                                                                                                                                               c o n ta c
in addition to our PhYsiCal storEs, wE also

offer internet fulfillment. we will load your Cd onto our

                                                                                                                                                DES MO
                                                                        wE likE to start oFF with a sMall nuMbEr
web store and provide you with a unique url. You may
                                                                        of Cds (15-20). Even with 18 copies, that would give                                                                                 raY vawtEr
use this url on your own website as a “buy it now” link to
                                                                        each store at least 2 and still have quantity left for hQ
take the potential customer directly to the Cd. additional
                                                                        to redistribute. if you are a band that has sold with us                                                                             homer’s Music
information may be added to the product information page,                                                                                   hoMEr’s is ExtrEMElY ExCitEd with our nEwEst
                                                                        before, a number of 30 or higher may be requested if past                                                                            1015 Galvin Road South • Bellevue, Nebraska 68005
including a brief (3 to 4 sentence) write-up, bio and/or                                                                                    location in urbandale, ia. this now opens up another
                                                                        sales have done well. it’s all about shelf space, and we                                                                             402-502-1052 x1 • 402-502-1095 f ax
review. there is no additional cost for this.                                                                                               market for the local artist to make their Cds available to the
                                                                        don’t have the shelf space for 100 Cds until we’ve seen a                                                                  
                                                                                                                                            public. due to the various factors of space and time, getting
                                                                        sales history.
                                                                             we have a total of 6 stores: 3 in omaha, 1 in bellevue,        consignment sales started in des Moines is a bit different

                                                                        1 in lincoln and 1 in des Moines, ia. although we have a            than those in nebraska. here are the key differences.

   p r o m ot
                                                                        fairly good idea on how Cds sell at the various stores, if               the first thing is still first: a completed consignment
                                                                        you prefer to have more stock at one location than another,         agreement. any des Moines artist or band can call ray
                                                                        please let us know. Example: if a band is from lincoln, but         at our hQ, or simply visit our urbandale store directly to
alonG with bEinG ablEto ProvidE a loCal
                                                                        doesn’t play out much in omaha, we won’t place as many              pick up a consignment form and necessary documentation.          oMaha                                    linColn
distribution of your music, we can also distribute to our 6 stores
                                                                        Cds in the omaha stores. the same holds true between                Please try to contact the manager, Grant Collar, when            Old Market | 1114 Howard St              East | 6105 “O” St
any fliers, posters, or other items you’d like to use as give-a-ways.
                                                                        our des Moines store and the nebraska stores. Please in-                                                                             Saddle Creek | 530 N Saddle Creek Rd
although not necessary, providing the stores with a promotional                                                                             visiting in person.                                                                                       dEs MoinEs
                                                                        form us if there will be any cross state gigs, and we’ll make                                                                        Orchard Plaza | 2457 S 132nd St
copy is helpful. Further information about promotions, ads and                                                                                   since the majority of the des Moines artists will mainly                                             Urbandale | 2737 100th St
                                                                        sure there is exposure of the Cds in the appropriate loca-                                                                           Bellevue | 1015 Galvin Road S
such should be directed to our General Manager, Mike Fratt.                                                                                 sell out of the des Moines store, we’ll only ask for 10 pieces
Promotional consideration is based upon sales.
                                                                        tions. however, not all Cds will be shelved at all locations.
                                                                                                                                            to start. we can always ask for more as sales progress. the
                                                                        the originating location will always get the larger quantity.
                                                                                                                                            band can drop off the Cds directly to the des Moines store,
                                                                                                                                            just make sure that the initial quantity is accompanied with
                                                                                                                                            the completed consignment agreement.

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