GH: Turn Your Ideas into Recurring Revenue

<p><em>"To build income you can hustle, but to build wealth you need to build something that doesn’t require your hands."</em></p> <p>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?</p> <p>Product licensing.</p> <p>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.</p> <p>Stephen Key is a master of this and has been doing it decades. He's the author of <em><a href="https://amzn.to/1rI0WLr" target= "_blank" rel="nofollow noopener">One Simple Idea</a></em>, the bestselling licensing book, and the founder of <a href= "https://www.inventright.com/" target="_blank" rel= "noopener">InventRight</a>.</p> <p>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.</p> <p>Full Show Notes and Free Bonus: <a href= "https://www.sidehustlenation.com/turn-ideas-recurring-revenue/">Turn Your Ideas into Recurring Revenue</a></p> <p><a href="https://hustle.show">Get Your Personalized Side Hustle Show Playlist</a>!</p> <h2> </h2>