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The exact amount you can make in royalties depends entirely on the deals you (or your agent) can negotiate. ing to the Graphic Artists Guild, typical royalties for artwork licensing are between 3-10% of revenues, with the rate rising to 15% for brand and character licensing.
Art Licensing is when you give another company permission to use your artwork within the terms you've agreed to in the contract. This means you always retain the copyright to your artwork. A Buyout is when you outright sell the copyright to your design.
Typical licensing terms Companies will offer artists anything from 4% to 30% royalties on the price of their products. It depends on the market and type of product. There are different types of royalty rates depending on the product.
Call up a company, speak with the receptionist. You don't even have to give your real name if it makes you nervous. Ask them how to pitch new art to them or if they manufacture their own products. Call up an artist and ask them who they are licensing with or how they liked working with a manufacturer you're unsure of.
In this case, the price of a license to use any intellectual property is calculated ing to an agreed percentage of a retail or wholesale price, and then multiplied by the number of items being produced. Royalty rates are typically 5-10% of a retail price, or 15-20% of a wholesale price.