How to Turn Your Ideas Into Recurring Revenue, with Stephen Key

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“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.

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Tune in to Learn

Why Stephen believes this is the best time in history to get into product licensing.
How to study the market and find opportunities for innovation in a matter of hours.
How to protect your intellectual property for as little as $65.
How to identify “inventory-friendly” companies and reach decision makers.
How to create a 1-page “sell sheet.”
The typical royalty rate you should aim to negotiate for.
Stephen’s “what if?” game for generating new product ideas.
The advantages of product licensing over the Amazon FBA private labeling model.
Stephen’s #1 tip for Side Hustle Nation.

Links and Resources

InventRight.com
InventRight TV
One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work
USPTO.gov
Google Patent Search
Nate Dallas on The Side Hustle Show: Think Ideas are Worthless? Nate Earned $300k Passive Income From His






















Download the Free PDF Highlight Reel
Inside you'll find all of Stephen's top tips to start making money with product licensing.







Download Now!












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Where should I sent Stephen's top tips from this episode?






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I'll also send you my best side hustle tips and weekly-ish newsletter.
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Contest! Win a free copy of Stephen’s book, One Simple Idea , by commenting with your top takeaway from the episode below. [Contest Closed].
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