How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Million Dollar Payday, 2nd Edition

We all have great ideas, and every day, ordinary people turn their simple, clever ideas into products or services that earn them millions in royalties. So what separates those who earn money exploiting their ideas from those who dont? The answer is in your hands; this book gives you all the information and all the motivation you need to turn your ideas into money without investment or financial risk.

In How to License Your Million Dollar Idea, Second Edition, Harvey Reese, a successful new product developer, consultant, and licensing agent, reveals his system for creating commercially profitable ideas and his secrets for turning them into lucrative licensing agreements. Not only will you find nuts-and-bolts information on the licensing process, youll also learn how to formulate an idea and find the motivation to grow that idea into a fortune.

Totally revised and updated, this Second Edition covers recent changes in patent law and how the Internet has impacted modern licensing. Reese includes his proven step-by-step process for formulating an idea that manufacturers are willing to pay for, researching its authenticity, obtaining patents, finding prospects, negotiating the deal, and beyond. Filled with examples of successful, well-known licensing ventures, How to License Your Million Dollar Idea, Second Edition also features an expanded appendix of sample patent forms, licensing agreements, disclosure statements, publications, contact information, and more.

Customer Reviews:

Review #1: I love this book!
2010-08-19
I had a few invention ideas, but didn't want to produce and market them myself. I bought "How to License Your Million Dollar Idea" and thoroughly enjoy this book. The author writes in a way that's easy to understand. I like that he gives examples of the inventions he's licensed over the years. I'm only on page 60 but from what I've read so far, I think I could begin to get my first invention idea licensed soon.

Review #2: Great book.
2010-07-21
I am not the person to usually right comments about stuff I buy.
But I feel I must as the student whose comment I read first really made me mad.
I can't even understand someone who thinks his idea is worth a professionals review and doesn't want to invest 175$ in it. Doing through with a bad idea can cost you ten times this amount.
Reese doesn't just recommends his own company, he gives a number of great other options so you can't blame him for also adding his own services to the other he states. I think this is a great buy for someone who is interested in licensing any idea in any magnitude. But it will work best for the creative person, who just wants a shot at their first deal.
I can only regret, Reese has used such a catchy name for his book, as I feel that writing "how to..." and "million dollars" on any book makes it almost an impossible buy to many people and in this case "does do the idea justice".
And for the young student, As an inventor who invested 1000$ as a student in what happened to become a million dollar idea, I can only offer you to buy one less Nike and get an expert look at your idea.


Review #3: America need her people to think. This book will tell you how to make it work for you.
2009-04-23
If you are like me there was always a cloud of doubt in your head that seems to be trying to discourage you from being yourself. You know who you are, you're the funny, witty, energetic, and innovative guy that kept getting slammed by the teacher, doubted by the cautious wife, worried over by the careful mother.
This book will help you transcend those doubts and develop a clear path to try. To try your ideas, To try your inspirations, and To try your products. There is not an ounce of BS anywhere in this book. It is not about "Rah Rah". It is about reality and energy and effort.
I first got the book as a book on CD at my local library. I kept it until they threatened me with breaking my kneecaps. I have since bought three used copies and 1 new copy. I give the to people I believe in. Give one to yourself. I believe in you too. We, America and the world, we all need you.

Jim Burrows
jim@jimburrows.com

Review #4: poorly written, for simple products only
2008-10-29
I tend to invent larger products that solve complex problems which means a fair investment and lot of research occurs before getting close to market. This guy focuses exclusively on very simple products that can be produced by the average high school drop out and which can have an initial production run for under $500. My view is that if it is that easy to solve then it is too easy to copy and present's no competitive barriers to others. It is also unlikely to ever produce a product that has a meaningful impact. May be helpful for some but complete waste for me.

Review #5: Not very helpful
2008-09-15
Much of book contains common sense topics that most readers would know on their own. Other books have been much more helpful in the licensing arena than I found with this one. Writer has a great deal of references to his web site to steer readers for licensing help. However he does not mention he charges a hefty fee to conduct such reviews. Book did not contain much guidance in area of options for selling your idea as other books on that topic have offered.