
Sign up to save your podcasts
Or
"To build income you can hustle, but to build wealth you need to build something that doesn’t require your hands."
That's what this week's guest told me, and then walked me down an interesting path in building that elusive "hands-free" business. His angle?
Product licensing.
Product licensing is essentially selling your ideas to larger companies for a percentage of future sales. You don't have to worry about the design, manufacturing, marketing, distribution, or anything outside an initial pitch and perhaps a prototype.
Stephen Key is a master of this and has been doing it decades. He's the author of One Simple Idea, the bestselling licensing book, and the founder of InventRight.
In this conversation, Stephen shares how you can get started in product licensing without any big upfront investment, how to protect your intellectual property without a patent, and how to get big companies to take you seriously.
Full Show Notes and Free Bonus: Turn Your Ideas into Recurring Revenue
Get Your Personalized Side Hustle Show Playlist!
4.7
15371,537 ratings
"To build income you can hustle, but to build wealth you need to build something that doesn’t require your hands."
That's what this week's guest told me, and then walked me down an interesting path in building that elusive "hands-free" business. His angle?
Product licensing.
Product licensing is essentially selling your ideas to larger companies for a percentage of future sales. You don't have to worry about the design, manufacturing, marketing, distribution, or anything outside an initial pitch and perhaps a prototype.
Stephen Key is a master of this and has been doing it decades. He's the author of One Simple Idea, the bestselling licensing book, and the founder of InventRight.
In this conversation, Stephen shares how you can get started in product licensing without any big upfront investment, how to protect your intellectual property without a patent, and how to get big companies to take you seriously.
Full Show Notes and Free Bonus: Turn Your Ideas into Recurring Revenue
Get Your Personalized Side Hustle Show Playlist!
1,342 Listeners
3,443 Listeners
190 Listeners
3,836 Listeners
16,811 Listeners
729 Listeners
2,792 Listeners
512 Listeners
1,254 Listeners
12,062 Listeners
3,293 Listeners
2,572 Listeners
890 Listeners
3,054 Listeners
1,292 Listeners
332 Listeners
346 Listeners
1,151 Listeners
2,618 Listeners
272 Listeners
5,836 Listeners
1,836 Listeners
139 Listeners
6,258 Listeners
249 Listeners
185 Listeners
136 Listeners
122 Listeners
8 Listeners