51: Turn Your Ideas Into a Goldmine with Stephen Key
Everyday MBA
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How Much Can I Expect to Get Paid?
The average royalty rate is about five %. If it's a commodity that's selling every day and huge volumes, that might be as low as three%. And that's always on the wholesale price. Some products last for a long time, but most ideas have a fairly short life span. But to really make it simple, you're going to collect basically a five % royalty d they're going to pay you each quarter.
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