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| "Inegotiated with people who had products, reports, books... all kinds of things that if boughtindividually would cost you $100. I was able to negotiate blanket royalties, where in reproductionthe cost to me was a nominal $1,000, one-time royalty, plus a $2 printing cost. We offered prospects two coins whose wholesale cost to us was $20." |
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#2
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| A blanket royalty acts like a blanket does. It covers everything. Rather than paying a royalty for individual items the person negociated a "banket Royalty" that they only have to pay once for an unlimited amount of items. Does that help? Diana http://www.helping-you-learn-english.com Last edited by English-coach; 25-Jan-2009 at 12:06. |
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