Stephen Key's One Simple Idea: Turn Your Dreams into a Licensing Goldmine PDF

By Stephen Key

ISBN-10: 0071756159

ISBN-13: 9780071756150

<h4>Turn your one uncomplicated inspiration into millions—without lifting a finger!</h4>
“Mr. Key’s brilliance, knowledge, and perception will make you wealthy. purchase this book!”
—Mark Victor Hansen, bestselling writer and co-creator of the chook Soup for the Soul® series

“Stephen Key has written a booklet overflowing with the all-important details that inventors want: a step by step consultant via every thing that is going right into a winning product introduction.”
—Gary Dahl, puppy Rock® inventor

“A impressive advisor for a person who desires to be a profitable entrepreneur.”
—John Osher, innovation guru who created SpinBrush®, Stretch Armstrong®, Spin Pop®, and Quattro® Titanium Trimmer Razor

“Tired of operating for company the US? bored with dwelling paycheck to paycheck? One uncomplicated Idea can educate you the way so as to add a number of zeros in your source of revenue. purchase this ebook and dwell your goals now!”
—Kevin Harrington, infomercial king and featured investor on Mark Burnett’s Shark Tank

“Stephen Key turns traditional inventing ‘wisdom’ on its head and obviously outlines how an individual can earn a significant source of revenue with One easy Idea.”
—Tamara Monosoff, founding father of mother Invented® and writer of The mother Inventors Handbook and Your Million buck Dream

“Whether you're a author or a connector, this publication might help you switch your principles right into a pleasing, ecocnomic profession. learn it and WIN!”
—Patrick Lonergan, former vice chairman and basic supervisor, Johnson & Johnson, and president/partner of NUMARK Laboratories, Inc.

About the Book:

For so long as you could have in mind, you’ve had a dream. You’ve longed to work out your product suggestion come to fruition so that you by no means need to paintings for a person else again.

Stephen Key has been residing this dream for 30 years. The developer of such profitable items as Michael Jordan’s WallBall®, the Spinformation® rotating label, and HotPicks® guitar selections, he understands larger than someone easy methods to make a very good dwelling as an entrepreneur. Key develops principles for brand new items, licenses them out, collects royalty assessments, and doesn’t glance again. you are able to do it, too. All you would like is One easy Idea.

In this publication, Key finds the secrets and techniques that helped him and millions of his students—including bestselling writer Tim Ferriss—turn their creativity right into a passive source of revenue generator through “renting” an idea to an organization, which looks after R&D, construction, advertising, revenues, accounting, distribution, and every little thing else you don’t are looking to do.

You’ll be surprised at how easy the method of licensing an idea for revenue truly is. Key explains tips to: * preserve your principles safe—without spending time and cash on a patent * Be your individual boss—without officially establishing a company * See your product visit market—without footing a dime in bills * Make probably significant money—without quitting your day task
The age-old enterprise assumption that rules needs to come from inside agencies has been shattered. From international organisations to small companies, businesses became so convinced in outdoors marketers that licensing is now a $500 billion undefined. companies want “freelancers” like Key—and you—to offer inventive, marketable rules for brand new offerings.

With One uncomplicated Idea, there’s no prototyping, no patents, and, better of all, no danger. you may make the procedure paintings for you—rather than the opposite direction around.

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Additional resources for One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work

Example text

Piggybacking on existing products gives you a real advantage. You don't have to educate the world about your idea. You don't have to create a market for it; there already is a market for it. You don't have to invent or reinvent something brand new. It's your shortest, fastest route to licensing success. Because a simple improvement or a small incremental change to an existing product is often the easiest, fastest, most cost-effective, and most profitable way for companies to bring a new product to market.

You set the terms by which you extend this privilege. In return, they give you a rent check, also known as a "royalty" check, four times a year. These quarterly royalty checks, and sometimes one-time advances on future royalties, are the means by which you will generate income. Sometime a royalty check is $1,000. Sometimes it's $10,000, or $100,000, or $1 million. I have students who bring in millions in royalty income. I have many others who make $30,000 to $40,000 a year for each of their three licenses for a total annual income of $90,000 to $120,000.

Then go to the websites of those manufacturers and review their product pages or online catalogs. Go to their media page and read any new product releases or articles. Some manufacturers have online stores with retail prices and product descriptions. Some have product pages with wholesale pricing lists. Other good places to research comparative products and product trends are catalogs, trade magazines, trade organizations, and trade shows. It seems like every trade show has a section with new products, and every trade magazine, industry blog, and trade association website covers new products.

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One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work by Stephen Key

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