Residual earnings are what every creative writer sets out to achieve; passive income from traditionally published book sales, offline and online; royalties that increase year-on-year with multiple editions and reprints. Add to that PLR (public lending library rental fees) and your residuals burgeon with each new book you succeed in having published.
Do it once; repeat the formula, and you will profit forever after.
But there are other ways to galvanize your residuals…
- Book clubs
- Serialization rights
- Licensing rights
- Broadcasting rights
- Merchandising
- Contributing articles to magazines
- Speaking engagements Continue reading Why Residual Earnings Are What Every Creative Writer Aspires to..