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

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Title: How to License Your Million Dollar Idea: Everything You Need To Know To Turn a Simple Idea into a Million Dollar Payday, 2nd Edition
by Harvey Reese
ISBN: 0-471-20401-3
Publisher: John Wiley & Sons
Pub. Date: 28 June, 2002
Format: Paperback
Volumes: 1
List Price(USD): $19.95
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Average Customer Rating: 4.75 (4 reviews)

Customer Reviews

Rating: 4
Summary: mr. reese will have his cake and eat it too!
Comment: i can recommend this book...if you're a person with an idea, this book may just help you move ahead instead of allowing your lack of knowledge about how to capitalize on your idea paralyze you...easy to read, and there are some very key ideas in the book

but i was disappointed in one regard: the premise of the book is that mr. reese will tell you how you can convert your idea into money in your pocket by licensing your idea...he says you can handle the licensing process yourself.....but then he identifies his website, where he basically says 'maybe you should leave the challenging licensing process up to a pro like me' and points out that his take for acting as your licensing agent is the first $50k/ year, plus 20% after that

so on the one hand, the pitch is 'buy my book, and i'll show you everything you need to know to license', and on the other it's 'actually, you might be better off to pay me to act as your licensing agent'..........

Rating: 5
Summary: A Step by Step Guide For Turning You Ideas Into Income
Comment: Let me start by saying what this book is not. This book is not a detailed step by step guide to patenting. Nor a detailed legal guide to structuring a licensing agreement.

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.

Rating: 5
Summary: Packed with useful, 'You can do it!' information
Comment: This is an inspirational read about something that many people dream of, but feel is simply not something they could do. If you are someone who comes up with ideas, but has done nothing but wait for someone else to cash in on them. This is a book for you. You don't have to spend thousands to make and sell your invention, you can get someone else to spend it for you! They take the big risk and you get cut of the profits. Harvey Reese takes you from idea creation to the final deal, in a positive and informative way. Here is a guy who has licensed hundreds of his own products letting you know how you can do it too!

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