Business At A Glance
Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No
Acting as a licensing specialist, you canseek out opportunities to secure the exclusive rights to use a popularname, product, service, or operating system or formula, and sellsublicenses to qualified business owners wishing to utilize the licensein a business venture, product, or service.
An example of a licensingsituation is as follows: a popular motorcycle is being manufactured andyou secure the master license to use the name of the motorcycle inquestion to promote products and services. You sell a license to aclothing company to use the motorcycle name, image, and logo on theirclothing line and charge a one-time fee plus on-going royalties basedon the success of the clothing line. You sell a license to acorporation that wants to establish a chain of restaurants using themotorcycle’s name, logo, and image. These are only two examples; thereare literally hundreds if not thousands of ways to profit as alicensing specialist.