by davearnoldphoto » Mon Feb 09, 2009 12:11 pm
I would say that it is totally up to you. Assuming you don't sell stock photos for a living based on your lack of pricing knowledge, then it comes down to asking yourself if you could use the $1500 or let the photo sit and make no money whatsoever. Me, I'd take the money and run. Just make sure you don't make the mistake of giving them full rights to the photo, i.e. that buying the usage, they don't demand that you can never use the photo again. Never give up your rights to your own photo.
Selling prints is something that requires a lot of research and is, to say the least, confusing. The above advice is based on what little research and reading I've done to date. I have sold photos for publication before and one big lesson I learned is to require payment up front. Maxim Magazine still owes me hundreds for shots of mine they used 5 years ago. I won't hold my breath.