Bundle Deals are formed when a Buyer chooses to add two or more titles from a particular Seller into their Bundled Deal Cart to make a bundled Offer or Request for Proposal (RFP).
Receiving a Bundle Deal
You will be notified via email/ SMS notification when you receive an Offer or RFP. Or you can check your notifications anytime.
If it’s a Bundled Deal, the number of listings added along with the name of one of the listings will be shown
Click on the Negotiation Tab on the panel at the left side of the screen to view all the details like the number of listings in the Bundle Deal, who the buyer is, and whether it’s an Offer or RFP.
After receiving the Bundle Deal Offer or RFP, you can then respond with a Counter Offer, or a Proposal.
Countering an Offer
Once you click on the offer, you’ll be able to see the details such as the Buyer name, listings in the Bundled and all the licensing terms.
You can create a Counter Offer to edit or propose your terms to the Buyer. For a step by step explanation, please refer to “How to Accept or Counter an Offer”.
Add/ Remove Listings in a Bundled Deal
In the case where a selected listing is not available, you can remove the listings in the bundled selection and add relevant listings by creating a Counter Offer. To add listings, you can search for titles using the search bar just below your titles. After doing so, be sure to let the Buyer know of the changes made to the selection through the custom terms box or the chat function.
Accepting an Offer
If you decide to accept the offer from the Buyer, click on the Accept Offer button. From there, you’ll be able to review the deal memo between you and the Buyer.
Making a Proposal
When you receive a RFP, you’ll be able to see the details such as the Buyer name, listings in the Bundled and all their licensing requirements. To respond to the proposal with a price, you can click on the Make a Proposal button.
When you respond to an RFP, the terms would already be pre-filled by the Buyer. You can choose to accept those terms, or counter with your own.
When making a Proposal, you’ll also have to create a rights package which works for both you and the buyer. Click here to learn “How to Respond to A Request For Proposal”
After creating the proposal, you’ll be able to find the sent proposal in your negotiations tab on the left side of your screen.
You can also make relevant changes to the proposal before the Buyer responds to the proposal. To do so, click on the proposal and click “Revise Proposal”