Get Rich With Royalties
Archives: Daily Issues
Issue #2224
- WEALTHY: An unexpected barometer for the economy (Andrew Gordon)
- HEALTHY: An easy treatment for "crabmeat" cartilage (Dr. Bill Stillwell)
- WISE: A Zen way of looking at passive income
ALSO IN THIS ISSUE:
- How’d you like thousands of dollars in your mailbox every few months? (Paul Lawrence)
- 10 little things Charlie loves about the holidays
- It’s Fun to Know… about artificial Christmas trees
- Add "bouleversement" to your vocabulary
How Many Automatic Income Streams Can YOU Handle?
The Internet has now come of age as the most incredible marketing tool in history.
Think about it for a moment… It’s possible to spend no more than a fiver, write a couple of basic ads, and have instant access to over millions of potential customers all in a matter of minutes!
This has created a real “sink or swim” situation. Those who master Internet secrets will profit massively. Those who don’t are simply doomed to sit on the sidelines and watch others make the real money.
Jim Sheridan’s plan banked him $187,296 in one day. The great news is – you can copy Jim’s plan exactly. The program is called Instant Internet Income and I guarantee it does exactly what it says it does.
Take a look at how Jim brought in over $187,000 in a single day!
- Patrick Coffey
As the Economy Goes, So Does This Company
Big and small companies alike use FedEx – as we do as individuals. When business is booming, the mailing giant rides its coattails to greater earnings. But when the economy slows down, demand for FedEx’s freight services also slows.
In other words, FedEx is a great barometer of how the economy is doing. And if FedEx is predicting a bad year for itself, you can believe the major culprit will be a sputtering economy.
In November, FedEx cut its earnings prediction for the year a second time. We already know the economy isn’t doing well, so that’s not a big surprise. But FedEx does a big piece of its business abroad. Is its earnings prediction a vote of no confidence for global growth too?
Well, yes and no, according to FedEx’s well-known and respected CEO, Fred Smith. He says that the U.S. still accounts for the majority of FedEx’s business. But he also says that a slowdown in U.S. growth will have an effect on global prospects.
I couldn’t agree more. Too many countries rely on the U.S. market to buy their goods. And the U.S. market is just too big to easily replace. Other countries have been able to export themselves into prosperity because they have the U.S. to sell to. We won’t be able to export ourselves out of a coming recession because there’s not another market out there that’s big enough.
If FedEx is pessimistic about how the markets are shaping up for 2008, we should be too. Despite recent run-ups, precious metals are a great alternative to stocks. Buy some now, because their prices are going up.
[Ed. Note: ETR's Investment Director Andrew Gordon is the editor of INCOME,WTSAHC00 a monthly financial advisory service that uncovers income-generating stocks that promise safety (first and foremost), along with much-higher-than-average profit potential.]
"Sitting quietly, doing nothing, spring comes, and the grass grows by itself."
Zen proverb
Get Rich With Royalties
Imagine this. You walk outside and open your mailbox. Sitting inside is a check for thousands of dollars. Best of all, you didn’t lift a finger to earn that money.
Sounds fantastic, right? Well, I’ve been enjoying this experience for the last few years. And in the past few weeks, I made two new deals that will make it happen more often.
Why am I getting these checks? Because they’re royalties.
You may think the only way to get royalty checks is to sell a book to a major publishing house… or sell a screenplay for a movie or television show… or sell a piece of music that you’ve written. And you’d be half right. Authors, screenwriters, and musicians usually receive substantial royalties for their work.
But you don’t need to be an artist to get royalty checks in the mail. In almost any industry, you can find many opportunities to set up deals that will spin out royalties… with no extra work on your part. And those deals aren’t anywhere near so hard to crack as becoming a widely published author.
Let me give you an example. A couple of my deals churn out royalties on a quarterly basis. One of these deals is with a large information-publishing company. I authored an instructional manual for them. I created the program three years ago, but the company still sells it to their growing base of customers.
It took some hard work to create the program, but I got paid a nice chunk of money up front. And since then, I do very little. Yet I continue to receive royalty checks for thousands of dollars every three months.
Another deal I have is with a direct-mail company. I developed a nutritional product that the company markets to their list of customers. And they keep sending me money.
Other than doing a little basic consulting on the sales promotions, I don’t do any work on this product. I expect the deal to bring in somewhere close to $50,000 for 2008. That’s not a fortune… but let’s not forget that it frees up my time to work on other projects. I have plenty of time to earn more money… and all I need to do on this deal is cash checks.
In my experience, the information-publishing industry has the most opportunities for these types of deals. You can partner with a large info-publishing company and easily earn royalties. But many other industries offer similar possibilities.
If you create a new board game, you could go to toy manufacturers. Some might offer you royalties for the sales they make on your game. You could even earn royalties on a product you import – maybe an exercise machine. All you need to make royalties is a product that a larger company can market. The product should not only be unique, but should have a high probability of making big profits.
To secure your own royalty deal, follow these five steps:
1. Either create or obtain the rights to a product that has a large demand with a clearly identifiable group of consumers.
For instance, middle-aged women might have a special interest in anti-aging skin creams.
2. Identify companies where your product would complement what they already sell.
You can find these businesses in industry directories. You can also do some basic Internet searches using keywords linked to the type of product you want to sell.
Let’s say you have an idea for a new investment program. So you would want to find companies that publish investment information. A directory you could look at in the library is the Directory of Major Mailers and What They Mail. You could also look at trade organizations, such as the Direct Marketing Association. Or you could do an Internet search with a keyword phrase like "investment courses." You’ll find plenty of publishers that you can track down and contact this way.
3. Develop relationships with the decision makers for these companies.
I use several methods to determine who the decision maker is. For one thing, I scour trade publications to see if there are any articles about the company I want to work with. If it’s a large company, a specific person is usually in charge of making deals. Sometimes their name and position will show up in the article. If that doesn’t get me the information I want, I simply call up and ask the person who answers the phone.
Identify who you need to talk to, and you can set up a meeting and pitch your project.
4. Once the company starts marketing your product, keep an eye on it.
Make updates to your product or marketing materials as necessary. For instance, I recently helped update the sales promotion for my nutritional product.
Sometimes, your partner may ask you to support their marketing efforts in some way. In the deal I have with the information publisher, he forwards me questions from existing or potential customers. I respond to those questions by e-mail. Neither of these things takes much of my time.
5. Monitor the results and cash the checks.
The way a deal is structured will dictate how you monitor results. In my deal with the information publisher, the royalties are based on actual profits. The company sends me quarterly profit-and-loss statements to show how well my product is selling. In my deal with the direct-mail company that’s selling my nutritional product, I’m paid a royalty based on the number of sales promotions the company mails. Every time they do a mailing, I get a statement and a check.
Make deals with larger companies that will market your products, and you can just sit back and collect royalties. It will be some of the most enjoyable money you’ll ever make. An added bonus: Because deals like this take up almost none of your time once they’re in place, there’s no limit to how many you can set up.
[Ed. Note: Paul Lawrence is a produced screenwriter, direct-mail copywriter, and business author. He is also the creator of the Quick and Easy Microbusiness System, ETR's program for starting a business for under $100.
For more information on Paul's deal-making strategies, click here.]
What Would You Do with a $3,000,000 Payday on a $5,000 Investment?
“You should hear about the ones I missed,” Dr. McDougal said as he pointed to a page on the statement. “I bought this company for less than $1 a share… sold it later for around a 200% gain.
“’I thought I did pretty well, too. But in the years after I sold, the stock ran up to $300 a share AFTER a 2 for 1 split. If you want to lie awake at night… Just play with the numbers on a 60,000% winner.”
He’s right. Wondering what to do with a $3,000,000 payday on a $5,000 investment could certainly keep anyone up at night!
And now he’s ready to lead a group of investors to gains like 3,851%, 2,912%, even 2,445%… returns he has already enjoyed over the past five years.
Read his special report here and find out how you can pick up multi-thousand percent gains while you relax.
Reader Feedback: "We are blessed beyond measure in the face of the truly needy."
"Your Thanksgiving essay was wonderful and something many of us can relate to. Even if we are barely getting by, we are blessed beyond measure in the face of the truly needy.
"God bless you not only for your desire to help and to give to others in desperate circumstances, but for actually following through. Please be encouraged and know that you have made a difference through all the programs and jobs you’ve created. You have touched many lives and given hope… a precious commodity.
"I can tell you this because I’ve done much, much less and have been humbled by the responses. From sponsoring children through Compassion International to supporting those who are suffering to simply sending cards to a friend’s son in a military youth academy, one thing has stood out. While the money is needed to meet physical needs, what they yearn for and cherish the most are words of hope and encouragement.
"If all we can give are words, let’s make them words of hope!
"Sincerely and with thanks for ETR!"
- Debbie Feller
Washington, IL
[Ed. Note: How has reading ETR helped you - maybe even changed your life? Send your comments to ReaderFeedback@gmail.com. Include your name and hometown... and we may print your e-mail in a future issue.]
Noisy Knees, Part 2: "Crunching"
Sports and training injuries, car accidents, or just plain aging, can all cause "noisy knees." Not the painful "popping" I talked about yesterday. I mean something called "crepitation" – crunching sounds you hear when you rise from a chair, climb stairs, or do a squatting exercise. Sometimes the crunch is so minimal it can only be felt. Sometimes it is so loud it can be heard across a room. It can be a mere nuisance, or so severe it becomes a disability.
A number of things can cause the sound. But the odds favor chondromalacia patellae ("soft cartilage" in Greek). This is a chronic degenerative softening of the cartilage beneath the kneecap. The normally ice-smooth tissue breaks up into a shredded surface that resembles crabmeat.
These multiple shreds of cartilage vibrate as they rub across the groove in which the kneecap rides. That’s what causes the sound and sensation of crunching. The deeper the lesions, the closer they are to the nerves and the more discomfort you feel.
To treat this condition, first STOP doing whatever seems to cause the crunching.
If, for example, you’re doing a squatting exercise, stop just short of where the crunching begins. Then, as you stand, tense your quadriceps strongly at the top, with your knee completely straight. This isometric contraction will strengthen the quads and pull the kneecap inward so it no longer rubs on the same spot. This will minimize the crunching (and the pain, if present). But notice I said minimize, not eliminate. Once you have this condition, you always will.
Only arthroscopic surgery can completely resolve crepitation. But if it doesn’t hurt, leave it be. Unless severe pain persists, despite exercise and other conservative measures, surgery’s not indicated for noise alone.
[Ed. Note: Dr. Bill is William Thomas Stillwell, MD, Associate Professor of Clinical Orthopaedic Surgery at SUNY, Stony Brook. He is CEO of Dr. Bill's Clinic Inc.,and author of How to Eliminiate Knee Pain - Once & for All! ]
10 Little Things I Love About the Holidays
By Charlie Byrne, ETR’s Editorial Director
You may remember that, right before Thanksgiving, we asked ETR’s staff members to share some of the little things they’re thankful for. Well, we went back to them again – this time to ask for 10 little things they love about the holidays. And, once again, I’m going to kick things off with my own list…
1. Taking out-of-town visitors on a horse-drawn carriage ride through downtown Delray Beach on a cold-for-Florida (50 degrees) winter night.
2. The smell of pine tree in the house.
3. Hearing a really good vocalist or choir sing the "GLO or or or or, ORR or or or or, ORR or or or or, ORIA" melisma in the chorus of "Angels We Have Heard on High."
4. Bailey’s Irish Cream in abundance nearly everywhere I go.
5. Ordering a load of CDs from Amazon for gifts and adding in one or two for myself.
6. Turkey, stuffing, and pie again – only a month since last time!
7. Watching the same silly movies for the umpteenth time: White Christmas, Miracle on 34th Street, and, of course, It’s a Wonderful Life.
8. The magical electricity in the air (real or imagined) on December 23 and 24.
9. Homemade "roasted" chestnuts. (You can cook them in the microwave. Shhhhhhhhh!)
10. Turning off all the lights in the house late at night on Christmas Eve, leaving only the reflection of the Christmas tree lights dancing on the ceiling… and realizing how fortunate I am.
It’s Fun to Know: Artificial Christmas Trees
It’s the same dilemma every year: a real Christmas tree or a fake one? Whichever you choose, one thing is certain: Artificial trees have come a long way since the 1880s. The first ones were made of wire covered with dyed-green goose, turkey, ostrich, or swan feathers. In the 1930s, the Addis Brush Co. produced the first artificial trees in the United States – made with the same machinery they used to make toilet brushes. Aluminum trees – memorably featured on A Charlie Brown Christmas and available in a variety of colors – were a fad in the 1960s, and are now collectors’ items. Today’s lifelike artificial trees are mostly made in China.
(Source: MSNBC)
Take Charge of Your Future
You don’t have much spare time… you’re not exactly rolling in the bucks… and you’re no Bill Gates when it comes to technology.
We’ve heard you… and that’s why we asked Marc Charles to be our “advance scout” for profit opportunities that you can run from a kitchen table, your desktop, or out on the road.
They’ve got to be inexpensive and easy to start, without a lot of red tape or technical know-how, and still have great income potential.
There’s a reason they call this guy “The King of Business Opportunities”…why not take a look at what he’s got for you?
- Patrick Coffey
Word to the Wise: Bouleversement
A "bouleversement" (bool-vare-suh-MAWN) – is a total reversal. The word is from the French for "to overturn."
Example (as used by F. Scott Fitzgerald in This Side of Paradise): "For the second time in his life Amory had had a complete bouleversement and was hurrying into line with his generation."
[Ed. Note: Become a more persuasive writer and speaker ... build your self-confidence and intellect ... increase your attractiveness to others ... just by spending 10 VERY enjoyable minutes a day with ETR's new Words to the Wise CD Library.]
Michael Masterson
Copyright ETR, LLC, 2007
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