Hello, everyone!
We have big news about our changing royalty rates, and we want to give you, our valued creatives, a heads up and a chance to clarify any misunderstandings.
We have always been and be committed to bringing your artwork to the eyes of industry buyers; however, the marketing activities that we can pursue at the moment are rather limited when reaching for new clients. We plan to grow the buyer base further and strengthen visibility of CGTrader by engaging in paid advertising, event marketing activities and expanding our business development team, which requires additional investments, something that the current royalty structure cannot support.
Therefore, we want to inform about the changing the royalty system, the update that will be implemented from September 1, 2016, 12PM GMT. The two main changes include lowering the maximum rate from 90% to 80% and scaling down the royalty rates for all sellers to conform the new 70%-80% range.
The full breakdown of the royalty rates when comparing the old and the new ones new as well as additional information can be found on our blog post here. If you have any questions, ask them, and we’ll do our best to give you a prompt and informative answer.
Best regards,
Eddie, CGTrader
