jeremyt
01-29-2008, 02:09 PM
Hello fellow 4-Hour Workweek fans,
I have a question for everyone out there regarding licensing. I have read the book several times and reviewed the extra information on the website about licensing, but I am still unsure of a few things.
First I should say that I have come up with an idea that I feel would do incredibly well. I used the overture keyword search tool to search "idea x." After using Tim's supplemental info "Muse Math: Predicting the Revenue of Any Product" I was able to determine that I could have a click through rate of almost 23000 per month with a very inexpensive cost per click. Furthermore I would have very little competition with keywords, and absolutely no real competition with the actual "idea x."
That said, I feel that the next step is to try to license the product. I have read Tim's auxiliary info "Licensing: From Tae-Bo to Teddy Ruxpin" and found great useful tips there. I have a few questions and if anyone would be willing to reply I'd appreciate it.
How can I be sure that when I request to license "idea x" from the potential licensor that they will not just steal my idea and do it all themselves?
Is there anything I would need to do with a lawyer before contacting the potential licensor?
What are the main points I should address with my initial letter (and what things should I not address)?
If you have any other tips or suggestions I would appreciate it as well. Thanks for all the help!
I have a question for everyone out there regarding licensing. I have read the book several times and reviewed the extra information on the website about licensing, but I am still unsure of a few things.
First I should say that I have come up with an idea that I feel would do incredibly well. I used the overture keyword search tool to search "idea x." After using Tim's supplemental info "Muse Math: Predicting the Revenue of Any Product" I was able to determine that I could have a click through rate of almost 23000 per month with a very inexpensive cost per click. Furthermore I would have very little competition with keywords, and absolutely no real competition with the actual "idea x."
That said, I feel that the next step is to try to license the product. I have read Tim's auxiliary info "Licensing: From Tae-Bo to Teddy Ruxpin" and found great useful tips there. I have a few questions and if anyone would be willing to reply I'd appreciate it.
How can I be sure that when I request to license "idea x" from the potential licensor that they will not just steal my idea and do it all themselves?
Is there anything I would need to do with a lawyer before contacting the potential licensor?
What are the main points I should address with my initial letter (and what things should I not address)?
If you have any other tips or suggestions I would appreciate it as well. Thanks for all the help!