Highlighting Your Residual Income Opportunity

Here is how your residual income opportunity starts as you set out to write for profit:

When your book is published the royalties from home and export sales will home in at around 10 percent unit.

Say it quickly and it doesn’t sound like much but these basic royalties soon mount up to provide you with a handsome return year after year.

When you start to hit reprints and multiple editions it gets even better and that's when your residual income opportunity starts to take off.

But why settle for nugatory rewards when you can have it all?

There are other avenues open to you if you know how to milk them.

- Editions licensed for manufacture to another publisher
- Single issue or one-shot periodical rights
- Translation rights
- Sound broadcasting rights
- Merchandising rights
- Educational reprint rights
- Royalty-inclusive sales
- Mail order sales
- Book clubs
- PLR (Public Lending Rights)

Take translations for example: My first bestseller “Starting Your Own Business” has been translated in French, German, Spanish, Romanian, Italian, Hindi and Urdu.

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