There are really two options for turning your idea into a product for sale on a store’s shelf.
1. Create a start-up (AKA venturing) This is making it happen all on your own. And as you probably know, this way is fraught with high risk and lots of failure. Sure, you may strike it big. But the truth is that most start-ups fail, or at least they don’t see a profit for many, many years.
2. Rent your idea (AKA licensing) This is when you find a company with the resources to bring your idea to life for you. They do all the manufacturing, marketing and selling. All you have to do is collect the royalty checks.
As you’ve probably already guessed, I prefer option 2. Licensing gives me the freedom to do what I love – coming up with great ideas – and leaves the tedious stuff to someone better equipped to tackle that challenge. Not to mention that it’s also the fastest and most efficient way to get your product into market.
The licensing world can seem a little intimidating at first, but once you know the ins and outs, it’s really simple. That’s where I come in. I’ll show you how to license an idea so you can make money while you sleep. Literally.
You’ve probably got a lot of questions.
“How do I find companies that’ll be receptive to hearing from a stranger like me?”
“Who is the key person I need to get my ideas in front of?”
“How do I protect my idea?”
I’m here to answer all these questions and a whole lot more.
In the Product Licensing Mastery course, you’ll learn how to properly license a product and have fun while doing it. I’ll take you through all the steps you need to know with high-quality videos and real-life examples all along the way.
So what do you think?
Are you ready to start licensing your ideas and collecting royalty checks?
I thought so.