Royalties: The Key To Ongoing Income

We’ve all heard about royalties, usually in the context of musicians, songwriters, and authors. The basic concept of royalties is that you create something, then every time a copy of it gets sold, you get part of the price that was paid for it.

As an example, let’s say you write a book. You get it published and it goes to book stores all over the country. The book sells for $15. To keep things simple, your royalty is $1 per book. So, every time somebody sells one of your books you get a dollar. Sound good so far?

“But, wait!” I hear you say “That means I’d have to write a book in order to get royalties! I can’t write a book. I don’t have the time or talent for that!”

Maybe you do and maybe you don’t, but that’s not the issue here. The problem is that your definition of “royalties” is too narrow. Royalties don’t have to be for a book or a song. They can be for pretty much anything that gets bought and sold. You just have to figure out how to get a piece of the action, so to speak.

More importantly, you need to know how to make that happen on a recurring basis so that you’re not limited by the amount of time you have or the number of promotions you can send in a day. That’s the beauty of royalties!

Royalties mean passive income. That’s income that you’re not trading your time for. Ideally, it’s recurring income that you receive while you’re working on something else. You don’t think Stephen King’s royalties from his last book stop when he starts writing a new one, do you? Of course not!

Christopher Westra has been making his living from royalties for years now. He has created a course called “Royalties University” that will teach you step-by-step how to create royalties in your life. You’ll receive one lesson each week plus bonuses as time goes on.

I’ve known Christopher for a couple of years now and I’ve purchased many of his products. They’ve always been top-notch and “Royalties University” is no exception. I highly recommend it, especially if you’re looking to create streams of income that don’t require your attention 24/7.

John The Geek