Michael Seto Offline Upload & Sell: Off
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Nick,
Ultimately it depends on what they want to use it for. Photo costs should ideally be tied to usage, and of course, the cost of producing the image.
If it's going to be a small 1/4 page in their one-time monthly internal newsletter to 50 employees, then it's a good price. If it's going to be the cover of their quarterly catalog to 50,000 customers, then you're getting your face ripped off.
Think about how much you spent to get that photo, including the amortized cost of your gear. Getty is selling web-only royalty free images for $25 or so, the standard editorial rate is $500 for a full page image - if you're lucky.
The key here is you're not selling your image but licensing it - for a specific use. Ask the company what they want to use the image for and then you can start to think about how much it's worth to you.
Also, if you're a full-time pro (and it sounds like you're not from this question) then $50 bucks for a vacay snapshot is pretty reasonable. I've sold a stock image for $300 and felt I was not recouping my expenses...so it's all relative ultimately.
There are a few websites that guide you on pricing base on usage - just google photo pricing and a few will turn up I'm sure. Maybe some other people will post such sites for you.
Otherwise, congrats on getting a photo noticed and compelling enough for someone to offer you money for - that's an accomplishment in itself.
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