Using these features of Gigwell, you can protect yourself from overspending when dealing with buyers or promoters. By inputting the negotiating terms into the platform, Gigwell ensures minimum spendings for you. An example of this would be a deal with a flat guarantee as a base salary, then an additional bonus/percentage if certain goals are met. This way, you will have a better idea of your own expenditure and be able to keep your own budget under control.
The platform also allows for itemized buyer/promoter expenses that you can account for when dealing with back-end deals. Using ticket scaling, you will be able to calculate your total deal potential and post-expense profits. You can then use the ticket finals to calculate the exact back-end amount you're owed. This allows users to be mindful about how much money they are actually spending in the deal.
Using the features provided by Gigwell, users have a better understanding of their own budgets. No matter the type of deal, users can look to the platform to ensure they are fulfilling their own financial obligations.
Gigwell supports various deal-types outside of landed/ all-in deals.
Flat Guarantee
Versus
Plus Bonus/Percentage
Straight Percentage
For back-end deals, you can add itemized buyer/promoter expenses (planned vs. actuals) and ticket scaling to calculate your total deal potential and post-expense profits. Once you receive ticket finals, you'll be able to invoice for the exact back-end amount you're owed.
Booking a door deal with no guarantee
A door deal — the artist takes a percentage of the door and there's no fixed fee — is set up as a straight percentage deal on the booking, with the percentage set to the full amount.
How to set it up
Start a new booking, or open an existing one and go to the Terms tab.
Choose straight percentage as the deal type.
Set the percentage to 100 so the artist takes the whole door.
Leave the Guarantee row empty — that's the fixed fee owed regardless of ticket sales, and a pure door deal doesn't have one.
Set your Booking Fee row as usual. That's the agency commission and it's separate from the artist fee.
Save the booking, then generate your documents as normal. The deal phrase on the contract and offer will describe the arrangement.
If the deal type isn't there
Deal types are enabled per account, so if straight percentage doesn't appear when you start a booking or on the Terms tab, it hasn't been switched on for you yet. Start a chat from the messenger and tell us which deal type you need — we'll enable it, and it'll be available immediately afterwards.
Good to know
Check the percentage against gross or net receipts, whichever your agreement is written on. The two produce different numbers once deductions are agreed.
If the deal is a percentage above an agreed point rather than from the first ticket, that's a backend or overage arrangement rather than a straight percentage — set the split point instead of a flat 100%.
Walkout figures and settlement come from ticket actuals, so a door deal won't show a final number until the ticket counts are entered and marked final.
If you have any questions or need additional help, please reach out to support@gigwell.com or use the chat widget on your screen.