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Product Description
Product Description
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.
From the Back Cover
If you have an idea or invention for a great new product, 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 at financial risk. Licensing is how you can make that happen, and this book explains exactly how it′s done, by a master in this business.
You′ll get tested advice on how to protect and find a licensee for your invention or your new product idea—or your idea for a new TV game show, website, software, and more. You′ll also learn how to develop your creative thinking skills and objectively evaluate your ideas for their originality and commercial value. You might be sitting on an idea gold mine. This book shows you how to mine that gold and turn it into big royalty checks.
"How to License Your Million Dollar Idea acts as a step–by–step guide for any new inventor. After reading it I landed my first big licensing deal!"
—Karen Norris, inventor of the Stack Mates Storage System
"As an active inventor, I appreciate the fact that Harvey′s book demystifies licensing techniques and has saved me thousands of dollars in legal fees. I believe that this book is a must–read for any inventor."
—Michael Scarzello–Kaczkowski, inventor ofRealLifeSkin
"Harvey′s great book, How to License Your Million Dollar Idea, gave me the guidance and confidence to negotiate a successful licensing deal."
—Matt Butler, inventor of the Rollors game
"Harvey′s book is the best one I have ever read on inventions—it challenged me to pursue my idea in a way I would have never imagined. I have been in business for three years now, fulfilling my dream of helping others with my products."
—Stephanie Longstreet, inventor of Flip Bingo
"How to License Your Million Dollar Idea has a special place 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 Cat Bed
"Using Harvey′s special step–by–step coaching, my new invention went from obscurity to global placement. And I did it all from home!"
—M. AmyLee, inventor of SongPods
"Harvey′s new book, How to License Your Million Dollar Idea, is a must–read for any new or experienced inventor."
—Maureen Kalagian, inventor of the Accordikup
"How to License Your Million Dollar Idea was stolen from me at school, but not before Harvey′s wise teachings gave me the inspiration to charge ahead with my new invention. I always thought I truly gifted that stranger that stole the book from me."
—Kim Edomwonyi, inventor of Cheese Nachos Now
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Customer Reviews
One of the things the book gets the reader to consider is the time and effort involved in doing it all yourself, the stress involved in running a business, the money needed to be invested, etc. Having spoken to many inventors at the British Inventors Show I know from their experiences that the average time most inventors told me it had taken them to get their product to market was 4 to 6 years. With even the simplest of devices costing as much as £40,000 to get into manufacture. Many of those people had re-mortgaged their homes or gone without for many years to afford those fees.
As well as joining a local inventors club, I'd highly recommend reading books like these because they are based on the experience of a real inventor, someone who knows what it's like to come up with an idea and then try to get the product to market. The book even shows real reproductions of faxes Reese sent to manufacturers and explains the importance of laying a paper trail down of your idea, so even if you don't have a patent in place you can still show that you thought of the idea first.
The book is very motivational and helps inspire the reader into action. He quite rightly points out that most great ideas are not unique and that many people may have had the same exact idea as yourself before but it's the one that does something about it that gets the rewards.
He also talks about the full product life cycle from the time you think of your invention to the time it's no longer being sold in the shops and what to do next. If you're the kind of person that thinks up a lot of good ideas for products that have mass appeal then this book is certainly my number one recommendation.
This book is a guide to help everyday people make money by designing and licensing nearly anything to companies looking for new or differentiated products. Mr. Reese offers up a clear and fresh perspective on the whole process from idea development to setting up meetings to contractual agreements. He covers how to patent & copyright, and guides you through when and how to contact an attorney.
Mr. Reese challenges the reader to become product developer, not an inventor. What this means is that if you can help companies make money and gain an edge on their competition, they will be more than happy to give you a percentage of the sales. There are lots of inventors that are good inventors but weak in the selling and licensing of their hard work. This book articulates what steps there are between an idea in your head and money in the bank.
This is by far the single greatest collection of practical wisdom I have found relating to everyday products and their licensing. My only complaint is that I wish I had discovered this book sooner.
Reese demystifies the legal mumbo-jumbo and makes the subject of licensing understandable to anyone. I've read hundreds of "how-tos" in the business genre, many that vastly oversimplify difficult subjects. This one tells it all - the good, the bad and the ridiculous. Ultimately, it is both believable and usable. Reese's book is an outstanding and inspiring resource for anyone with ideas.
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