Tuesday, August 18th, 2009
#SpeakerTip Alternative Stream of Income – Train others to deliver your presentations or sell your product and collect royalty checks.
Wouldn’t it be nice if you could put a program together and train others to present it for you? Wouldn’t it also be nice if you could receive a nice big check every time someone presents your information or sells your product? Yes, it would, and for some it is. It takes a tremendous amount of time and effort to put a program like this together, however, it could be worth it.
There are several steps to using this process, including licensing your material and finding other parties to sell it. Many musicians, authors, and artists copyright their work and make the additional income off of the royalties. Depending upon how well-known they are, some make nice fat checks. Others may make a decent living or see a just a trickle.
Most merchandise you see when you shop for groceries, gifts, clothes, electronics, etc, are licensed goods. Of course, these are sold by wholesalers for retail and are at a whole different level than what is discussed here. However, it does prove a point that if positioned well, anyone can make decent income off of royalties.
Before putting a program like this together, do your research and contact your attorney. You don’t want any loopholes or gray areas. Make sure it is organized, documented, and very attractive.
Tags: alternative stream income, copyright, license, royalties, royalty checks