Selling a Recipie

submitted over 11 years ago by neotrin2000

Had a B & M ask me if I would be interested in selling a recipie to one of my juice blends. What are all your thoughts on this?

For myself, I'd consider it considering 2 things:

I won't be living here much longer so I will not be making money from the locals here anyway...
They won't buy my blends pre-made so I may as well make some money VS. no money....

So yeah, what do you all think?

Comments

3 points

by Xanzaover 11 years agoMixologist

Royalties are pretty hard to collect on as they basically run on the honor system unless you partner with them and require number statements which involve contracts, etc. It becomes a pain in the ass.

What you should do is simply deny the sale. Sure, you won't be able to sell to the local residents anymore from that location, but what's to stop you from doing internet sales exclusive to that location?

Think dynamically and chances are you can capitalize.

2 points

by jackiehincheyover 11 years ago

i agree... try 4 monthly commissions first!

1 points

by mweldanover 11 years ago

I heard a local here got monthly commisions because a brand using his recipe. How about you try to get the same thing?

1 points

by neotrin2000over 11 years ago

Sounds interesting, tho I would be risking them being honest about if they are even using my recipie still or not after I move.

2 points

by mightyprometheusover 11 years ago

Write up a contract and make them sign it.

1 points

by scoopylooover 11 years ago

If you EVER plan to manufacture and sell your juice, don't do sell them the recipe. Even if you won't be in the area, if you plan to sell it online, I'd hang onto the secret recipe.

edited for a little clarity.

1 points

by swancitysoundsover 11 years ago

License the recipe

0 points

by Ayynoover 11 years ago

You could always start selling online.

0 points

by [deleted]over 11 years ago

/r/Entrepreneur

Get paid for your talent.

0 points

by SumDudeYouKnowover 11 years ago

Ask for $2,000 and don't sign any non-competition agreements. Then either continue making it yourself, or sell it to another shop.