An author may be paid a portion of the earnings from the sale of their book. One royalty arrangement would be that the author receives 15% of net sales of hardbacks and 7.5 percent of net sales of paperbacks. A person can pay to start a restaurant franchise, such as McDonald's or Kentucky Fried Chicken. They usually require an initial investment of $10,000-100,000 depending on location but with some franchises earning over $1 million per year. An actor or actress may receive a percentage of the profits from their work. For example, Tom Hanks was paid between 5% and 10% of the box office revenue for each of his films. Actors are typically paid per performance rather than based on box office revenue like musicians. A sports player may receive a salary from their team or league instead of being paid individually by companies that want to hire them. These companies include NBA teams, NFL teams, MLB teams, and NHL teams. Some athletes make more money than others - for example, LeBron James or Alex Rodriguez could earn many millions of dollars per season if they were to join an NBA team as a free agent. Others who have less success on the court or field can still make a good living through endorsement deals and corporate sponsorships. In conclusion, royalty means a share of ownership or income from something.