How Much Should I Charge for My Articles Making Great Passive Income?
During the initial meeting, they tried to offer me to give away all of my articles to them for free, in exchange for me being hired and being paid $150 per article moving forward.
My articles generate an average of 160 per day, so around 4,800 a month of passive income a month (although some months they make even 5,500 to 8,000), so I am making an average of 58,000 year, while they would make about 97,000 a year if I give up my 60 percent.
I denied their offer and said I want monetary compensation from the articles.
They came back and are now offering still $150 per article, an hourly rate for reviewing some articles , potential bonuses an yadayadayada and a 2,000 monthly retainer offer for 12 months.
I still think that is being rather stingy. I am going to try to ask for 4,800 retainer a month for 12 month (with the copyright released only once the full payment) or a lump sum of 58,000. I am really not too enthusiastic about the upfront payments, etc. as it means working more and losing passive income and we all know how companies may fail, go bankrupt, change rules etc.
From what I am reading 4,800 is a rather low offer still. Is there an average rule to follow when selling articles that have generated a good passive income for the last 10 years and continues to do so? I want to make sure I am not taken advantage of. Thanks to all that can help!
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