A friend of mine runs an unusual business: she has a brownstone in Manhattan where everything is for sale - everything!
She has events now and then where she invites musicians, artists, etc, which in turn bring people to see the event and purchase things in the house. Her business is growing and she is planning a holiday weekend, where different vendors will be invited to sell their wares. I am one of the invited vendors.
This is new for both of us, so we are going back and forth on $$. She is not planning on charging a flat fee for the vendors to attend, but for a percentage of the sold items. The question is what percentage would be fair for both of us? 60/40 (60% for me, 40% for her)? More? Less?
Has anyone done anything like this in the past?
Or would anyone has some pointers to share on this type of deal?