Songs and Song-writing
Passive income refers to the earnings generated from a venture in which an individual is not actively involved on a daily basis. This type of income allows creators to benefit from their work over time, as royalties or licensing fees continue to provide revenue long after the initial effort has been put in. In the context of songs, passive income is crucial as it allows songwriters and musicians to earn money through various licensing opportunities, creating a financial stream that can support their artistic endeavors.
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