Book Rights and Licensing:�

(This is how and why people who write books get royalties off it: They license the
rights to be translated tod different languages and to be used in different forms,
but first you must own the publishing company that way you can become the licensor
to have licensee. You sign that contract under condition that you get royalties for
rest of your life.)
You�re delighted that your self-published book is selling well.
But what if I told you that no matter how good your sales, you�re still leaving
stacks of cash on the table?
You might not believe me. But think of your book � on bookshelves around the
world.�And why only bookshelves? Your writing can sell on e-book readers, i-
devices, radio stations and�screens, both big and little.
Do you see how much earning potential your writing has? All you need to do to earn
more from your writing is to employ a simple yet neglected secret.
Book rights and licensing.
Rights hold a huge and renewable revenue stream. The fact is, self-published
authors don�t own just a potentially valuable book, they also own the rights to
their work.
These rights can be licensed to produce the same book, in English, in different
territories around the world � be it the United States, Canada, Australia, or
India.
Rights can also be licensed for the book to be translated into different languages.
With books being published in over 400 languages worldwide, that is a significant
potential income.
Self-published authors lose thousands, maybe even millions, of dollars � simply
because they don�t know how to maximize the opportunities that book rights and
licensing offer them.
Here are ten questions self-published authors commonly ask on how they can use
rights and licensing to earn more.
#1. What rights do I have over my self-published book?
You own your Intellectual Property (IP). A paperback book is just�one�product in
the universe of IP that you own � other products include the hard-cover, e-book,
and audio-book versions of the same book.
Then there are translations, new formats, media rights, permissions to quote from
your work, and so on. You can keep selling the book you�ve published, while still
having an ocean of IP left to license and monetize.