Royalty Income Streams

Understanding Royalty Income

Royalties are payments you receive when others use your creative work or intellectual property. Once created, these assets can generate income for years or even decades with minimal ongoing effort.

Types of Royalty Income

• Book royalties: Self-published or traditionally published books on Amazon KDP, etc.
• Music royalties: Streaming revenue, licensing for commercials, films, games
• Stock photography: License photos through Shutterstock, Adobe Stock, Getty
• Patent royalties: License your inventions to companies
• Software licensing: Earn from code, plugins, or templates

Getting Started with Royalties

• Identify your creative strengths (writing, music, photography, design)
• Research platforms that distribute your type of content
• Create quality content that has evergreen appeal
• Build a catalog - more assets mean more potential income
• Optimize for discoverability (keywords, metadata, marketing)

Maximizing Royalty Income

• Diversify across multiple platforms and formats
• Repurpose content (book to audiobook, photos to prints)
• Build an audience to drive demand for your work
• Consider exclusive vs. non-exclusive licensing options