He's going to make a huge 10 hour course for his niche. He has 1 million subscribers on YT and ~250k followers on Twitter. His fans love him and are loyal, and he's already given huge value to the community.
AND there are like, ONLY three other products like these in the niche (and they are very bare bones, with "eh" marketing).
Basically, it seems like an amazing opportunity and I offered to write copy for him. (I'm super familiar with the niche btw)
He responded, saying it sounded super interesting, asked what I charge and to see my portfolio.
So that's my question- what do I charge?
I have been studying copywriting (from Gary Halbert) for like a year.
Done everything he says to do in his "hands on experience" newsletter (I have so many goddamn notes), and written quite a few sales pitches.
I haven't worked for anybody to make an actual sales page (or other form of direct response material)
... though I have produced pretty good results for other work (increased open rates with headlines, increased subscribers for free stuff, and so on).
I really think I can help this guy produce some great copy and lots of sales.
This is what I plan to charge him:
3 different options but basically,
a fixed price of $5,000 and 5% of the sales for the first year...
...And I'll write ALL the copy to market his product and do everything I can to make it sell as much as possible (including tons of research, notes, reviewing my material to perfect copy, etc).
(also plan to offer a moneyback guarantee: if the course makes anything less than $50,000 in the first 3 months, I'll refund him everything. So if he pays me in fixed price more than 10% of what the course makes in 3 months, he gets a full refund.)
Essentially, here's what I'm asking:
Am I nuts?
Am I an arrogant ******* for trying to get a percentage deal?
Or am I charging too little?
Is my copy and insight valuable enough to charge (at most) 10% of what he will sell in the first 3 months?
I don't really have anybody to ask for advice on this, so I figured I'd post on the Warrior Forum.
This is my first post and I've been meaning to post more here (just gotten distracted with other stuff).
I greatly appreciate any insight anybody can give.