Royalties & Licensing

Creating intellectual property that can be licensed or generate royalties provides ongoing passive income from your creative work.

Income Potential

Book Royalties: $50-$1000+ per day for successful authors
Music Royalties: $50-$1000+ per day for popular music
Patent Licensing: $100-$5000+ per day for valuable patents
Time to $1000/day: 24-60+ months depending on creative output

Startup Requirements

Capital: $1,000-$10,000+ for creation and protection
Skills: Creative abilities, intellectual property knowledge
Tools: Creation tools, legal protection

Pros

Long-term income potential
Truly passive after creation
Potential for unexpected success
Creative fulfillment

Cons

Unpredictable success rates
Competitive creative markets
May require significant upfront work
Legal complexities