Quotable: artist Adwoa Muwzea

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Artist Adwoa Muwzea with two of her prints.

“Residual income – that’s what I live for. You’re making money while you sleep.”  -artist and educator Adwoa Muwzea, at an Artist2Artist gathering in Detroit.

Artists earn “residual income” – also known as passive income – when they license their images or creativity for use by companies or individuals. Some examples: A company pays to put your popular image on a greeting card or T shirt.

Creating Beautifully lists many sites and ways artists may earn passive income.

For emerging artists, this could mean creating a limited edition print of your work, or licensing a piece of your art to a musician with an annual payment.  Greeting cards from your art sold at a gift shop also create passive income.  

Mint teaches business skills to emerging artists, and for licensing, you may need a lawyer or at least a licensing agreement / contract.  Learn more about the three forms of licensing in these posts from Digital Media Law Project.

-© Vickie Elmer, 2019, for Mint Artists Guild