Some songwriters say they have received amounts equal to a ten-year advance on royalties. The money has been used to take their career in a new direction, buy new equipment or fund a tour or music video. However, not everyone may have a roster of songs that will sell for enough money to pay the electric bill. Keep in mind that once you sell your rights to your intellectual property, you waive your right to collect any future royalties it may generate.
On Flypaper and our social media channels, we’ll be sharing relevant posts that we’ve published over the years that shed light on various aspects of home recording, such as what I mentioned above. You can read some of these via the Home Recording Week tag and by following us on Facebook.