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: Great Book
2006-02-24
Very helpful

Lenny Laskowski, profesional speaker and author of the National Best Selling Book, "10 Days To More Confident Public Speaking" (www.LJLSeminars.com)

Review #2: How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Million Dollar Payday, 2nd Edi
2006-02-23
Very informational. Helped me get the ball rolling on my million dollar idea! Well worth the money spent and gave me some much needed clarification regarding the invention and submission process. Look for me and my idea soon!!!

Review #3: Very Encouraging and Informative
2005-09-18
This book was a great read. It tells you that you can easily make money by selling your ideas, and the author tells you how to make sure it is original, how to protect your idea, how to spark companies' interest with your idea, how to make the deal, and then the money starts rolling in. He explains that not EVERY idea you sell to companies will make you millions, but if you have sold several ideas and are getting royalty checks for all of them, it all adds up and you could make a lot of money, and ho knows? Maybe one of your ideas is one of those multi million dollar Ideas? The best thing about the book is that he tells you anyone (including idiots) can do it. Its not hard, all you need is the confidence and motivation to see it through. Give it a read!

Review #4: Ploy to reel you in
2005-03-13
Be wary of information resources that promise to "help" you in your quest to market a new idea. Encouragement that dupes you into thinking you can make a million on a simple idea is not encouragement, it's bait.

Find a good IP lawyer who specializes in licensing and enforcing patents and if you really think you have the "it" idea spend the time to retain an expert. Attorney's can be expensive but they'll save you alot of time and money in the long run.

This book, although it has some good basic information about licensing, is fishing for suckers.

Review #5: Very Inspirational yet not complete
2004-11-29
I found this book to be very inspirational. It does have a lot of good information that is presented at a level that's great for those who are just getting started in the invention business. Having an encouraging book is very useful. My only concern is that the book is lacking in detail. I still strongly recommend it, and also recommend "From Concept to Market", which is a little more tempered in mood but provides a great deal of detailed information including a lot of sample forms and documents that are merely referred to in this book. The two make an excellent combination.