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Reviewed by Edith Wairimu for Readers' Favorite
In How to Generate and Earn Royalty Income, author Marina Peters explains different aspects of royalty income and provides insight on how to maximize it. Different industries that pay royalties are discussed. They include book publishing, oil and gas industry, fashion, software, television, art, and more. Important tips for licensors and licensees of royalty agreements are also explained. In this topic, royalty contracts are explored as well as the conditions and process for termination of a royalty agreement. Other chapters discuss equally valuable information such as the terminologies associated with the payment of royalties, how to generate royalty income, how royalty rates are set, and myths about royalty income. An extra bonus chapter that explains how to earn money from YouTube is included as well.
I loved that the work is written in accessible language that I could easily understand. In addition, illustrations that include mathematical calculations and common scenarios in different industries are offered, which further explain the content. The work is organized systematically. First, it explains what royalties are and moves on to discuss different industries involved with royalty income. The organization makes it easy for anyone, regardless of their knowledge about the topic, to comprehend and make use of the work. I also loved that Marina Peters addresses common misconceptions related to royalty income. Misconceptions such as the myth that all photos in the online public domain are free, and others from various industries are handled concisely. I highly recommend How to Generate and Earn Royalty Income by Marina Peters as it is informative and beneficial.