“Royalties”
Is that not the sweetest, most melodious word in the English language? I’m told I’ll be getting my first royalties check in March for the med term textbook I and three others wrote, which was published last August. At this point we have no idea how much money it will be. Textbooks tend to be adopted slowly at first, then pick up sales over the next few years. Hopefully, if the first check is modest, perhaps subsequent checks will be more. My percentage is quite small, so this isn’t ever going to make me rich, but I love the idea of money flowing in every six months because of work I did in the past. "Residual income." That’s a musical little phrase, too! If the book does fairly well, it could maybe have a lifespan of 20+ years or so, with revisions every few years.
December 8, 2008 at 1:16 pm
Yay! Congrats! I totally agree – residual income rules.
December 8, 2008 at 4:20 pm
How marvelous!
December 8, 2008 at 7:10 pm
Royalty check sound awesome!