🤔 How can professionals create royalties from their work?
In this brief interview excerpt, the host asks whether many professionals are involved in royalty arrangements. The guest explains that royalties are common in markets such as sports, television, movies, and physical products, but are relatively rare among coaches and experts. They note that intellectual‑property royalties are often managed by lawyers, which can make the process seem complex and may or may not require legal assistance depending on the situation. The guest concludes that many more professionals could and should be creating royalty streams for their work.
Questions this video answers
It depends on the market. I haven't seen a whole lot of it in the coaches and experts space. You look into things like sports and television, of course, movies and, and physical products, then there's a whole lot more of it. Intellectual property, you know, it's generally— it often gets done by lawyers and they try to make it seem very, very complicated, which You know, it can be, you might need a lawyer, you might not. It totally depends on the situation, but I think a lot more people could be doing it and should be doing it.
