How to License Your Million Dollar Idea
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How to License Your Million Dollar Idea : Cash In On Your Inventions, New Product Ideas, Software, Web Business Ideas, And More

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The classic guide to cashing in on your million-dollar idea Whether you've invented a great new product, or you have an idea for an app, an online business, or a reality show, How to License Your Million Dollar Idea delivers the information you need to snag a great licensing deal. Now in its third edition, this book has become the go-to source for budding inventors and entrepreneurs who have great ideas and want to cash in on them without putting themselves in financial risk. Licensing is the way to make that happen and this book explains exactly how it's done. You'll get tested advice on how to protect your ideas and find a licensee for new products, apps, TV game shows, websites, software, and more. You'll also learn how to develop your creative thinking skills and objectively evaluate your ideas.
* Explains how to protect your new idea with or without patents and copyrights * Directs you in finding the perfect person at the right company and on how to prepare a presentation that gets you to a "yes" * Reviews sample licensing contracts to help you understand what your creativity and achievement entitles you to You'll also read accounts from profitable inventors on their own goof-ups and brilliant moves along their paths to success.
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Product details

  • Paperback | 240 pages
  • 213 x 273 x 12mm | 564g
  • New York, United States
  • English
  • Revised
  • 3rd Revised edition
  • 1118022424
  • 9781118022429
  • 834,296

Back cover copy

The Classic Guide to Cashing in on Your Million Dollar Idea

If you have an idea or invention for a great new product, anapp, an online business, or a reality show, How to License YourMillion Dollar Idea delivers the information you need to snag agreat licensing deal. Now in its third edition, this book hasbecome the go-to source for budding inventors and entrepreneurs whohave great ideas and want to cash in on them--without puttingthemselves at financial risk. Licensing is how you can make thathappen, and this book explains exactly how it's done, by a masterin this business.

You'll get tested advice on how to protect and find a licenseefor your invention or your new product idea--or your idea fora new TV game show, website, software, and more. You'll also learnhow to develop your creative thinking skills and objectivelyevaluate your ideas for their originality and commercial value. Youmight be sitting on an idea gold mine. This book shows you howto mine that gold and turn it into big royalty checks.

"How to License Your Million Dollar Idea acts as astep-by-step guide for any new inventor. After reading it I landedmy first big licensing deal!"
--Karen Norris, inventor of the Stack Mates StorageSystem

"As an active inventor, I appreciate the fact that Harvey's bookdemystifies licensing techniques and has saved me thousands ofdollars in legal fees. I believe that this book is a must-read forany inventor."
--Michael Scarzello-Kaczkowski, inventorofRealLifeSkin

"Harvey's great book, How to License Your Million DollarIdea, gave me the guidance and confidence to negotiate asuccessful licensing deal."
--Matt Butler, inventor of the Rollors game

"Harvey's book is the best one I have ever read oninventions--it challenged me to pursue my idea in a way Iwould have never imagined. I have been in business for three yearsnow, fulfilling my dream of helping others with my products."
--Stephanie Longstreet, inventor of Flip Bingo

"How to License Your Million Dollar Idea has a specialplace in my home library. Harvey takes you step-by-step from'nothing but an idea' to getting a licensing deal."
--Jess Kennedy Williams, inventor of the Lap CatBed

"Using Harvey's special step-by-step coaching, my new inventionwent from obscurity to global placement. And I did it all fromhome!"
--M. AmyLee, inventor of SongPods

"Harvey's new book, How to License Your Million DollarIdea, is a must-read for any new or experiencedinventor."
--Maureen Kalagian, inventor of the Accordikup

"How to License Your Million Dollar Idea was stolen fromme at school, but not before Harvey's wise teachings gave me theinspiration to charge ahead with my new invention. I always thoughtI truly gifted that stranger that stole the book from me."
--Kim Edomwonyi, inventor of Cheese Nachos Now
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Table of contents

PREFACE vii INTRODUCTION 1 Whether you ve invented a great new product or have an idea for a TV game show, a new web business, or a software program, read on to learn the steps to a great licensing deal. CHAPTER 1. CREATING THE IDEA 5 The Need for Need-Driven Products All ideas have to start somewhere. In this chapter you will learn to read the signposts that will send your brain merrily along the yellow brick road and not into some dark dead-end. CHAPTER 2. HOW TO RESEARCH AND EVALUATE YOUR NEW IDEA 21 How to make sure that your wonderful new idea is really as brilliant and original as your friends and relatives tell you it is. CHAPTER 3. THE END OF THE FREE RIDE 39 All About Patents and the Lawyers Who Are Happy to Sell You One All about protecting your new idea with or without patents and copyrights, and the lawyers and charlatans you ll meet along the way. CHAPTER 4. IT S TIME TO SWING INTO ACTION (THE DEVIL IS IN THE DETAILS) 63 How to Prepare Your Presentation Material in a Way That Will Knock Their Socks Off A professional looking presentation will earn respect for you and for your idea. Taking the time to do it right is an investment worth making. CHAPTER 5. LET S START THE SHOW! 75 Locating the company or person who s waiting to hear your brilliant idea and shower you with riches for it. CHAPTER 6. WHAT TO SAY AND HOW TO PLAY 95 Landing the Perfect Appointment with the Perfect Person at the Perfect Company This is an eyeball-to-eyeball business, so here s how to avoid the underlings and clerks and get yourself in front of the person who can say yes. CHAPTER 7. GETTING TO YES 113 Simple and Easy Steps to Successfully Present Your New Invention or Idea What to say and what to do to present your new idea in the kind of impressive and persuasive way to achieve the results you re aiming for. CHAPTER 8. REAPING THE HARVEST 133 Examining the kind of contract that will earn you all the rewards that your creativity entitles you to. CHAPTER 9. LISTENING TO SUCCESSFUL INVENTORS 163 What to do and what to avoid some of the goof-ups, bloopers, boners, and brilliant moves that some moneymaker inventors want you to know about. CONCLUSION 169 APPENDIX 175 INDEX 223
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About Harvey Reese

Harvey Reese has created and successfully licensed more than 100 of his own commercial ideas, including a wildly successful line of inflatable furniture. He is the former president of several manufacturing, importing, anddistribution companies, and regularly contributes to Inventor's Digest magazine. He teaches industrial design and marketing at Philadelphia's Art Institute, and acts as a licensing agent for the works of other inventors and idea people.
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Rating details

21 ratings
3.95 out of 5 stars
5 38% (8)
4 29% (6)
3 24% (5)
2 10% (2)
1 0% (0)
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