Review: One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work
March 9th, 2011 Filed under: New Business Loans — Small Home Business Author
The Lowest Price we could find is $22.00 $12.71
Turn your one simple idea into millionswithout lifting a finger!
Mr. Keys brilliance, wisdom, and insight will make you rich. Buy this book!
Mark Victor Hansen, bestselling author and co-creator of the Chicken Soup for the Soul series
Stephen Key has written a book overflowing with the all-important information that inventors need: a step-by-step guide through everything that goes into a successful product introduction.
Gary Dahl, Pet Rock inventor
A terrific guide for anyone who wants to be a successful entrepreneur.
John Osher, innovation guru who created SpinBrush, Stretch Armstrong, Spin Pop, and Quattro Titanium Trimmer Razor
Tired of working for corporate America? Tired of living paycheck to paycheck? One Simple Idea can teach you how to add a few zeros to your income. Buy this book and live your dreams now!
Kevin Harrington, infomercial king and featured investor on Mark Burnetts Shark Tank
Stephen Key turns conventional inventing wisdom on its head and clearly outlines how anyone can earn a meaningful income with One Simple Idea.
Tamara Monosoff, founder of Mom Invented and author of The Mom Inventors Handbook and Your Million Dollar Dream
Whether you are a creator or a connector, this book will help you turn your ideas into a fulfilling, profitable career. Read it and WIN!
Patrick Lonergan, former vice president and general manager, Johnson & Johnson, and president/partner of NUMARK Laboratories, Inc.
About the Book:
For as long as you can remember, youve had a dream. Youve longed to see your product idea come to fruition so you never have to work for anyone else again.
Stephen Key has been living this dream for 30 years. The developer of such lucrative products as Michael Jordans WallBall, the Spinformation rotating label, and HotPicks guitar picks, he knows better than anyone how to make a great living as an entrepreneur. Key develops ideas for new products, licenses them out, collects royalty checks, and doesnt look back. You can do it, too. All you need is One Simple Idea.
In this book, Key reveals the secrets that helped him and thousands of his students including bestselling author Tim Ferrissturn their creativity into a passive income generator by renting an idea to a company, which takes care of R&D, production, marketing, sales, accounting, distribution, and everything else you dont want to do.
Youll be amazed at how simple the process of licensing an idea for profit actually is. Key explains how to:
- Keep your ideas safewithout spending time and money on a patent
- Be your own bosswithout formally opening a business
- See your product go to marketwithout footing a dime in expenses
- Make potentially big moneywithout quitting your day job
The age-old business assumption that ideas must come from within organizations has been shattered. From global corporations to small businesses, companies have become so confident in outside entrepreneurs that licensing is now a $500 billion industry. Businesses need freelancers like Keyand youto provide creative, marketable ideas for new offerings.
With One Simple Idea, theres no prototyping, no patents, and, best of all, no risk. You can make the system work for yourather than the other way around.
Review:
Timothy Ferris had a huge hit with “The Four Hour work Week”. He almost single-handedly transformed the world of work by creating the concept of working smarter rather than harder into a process that people could at least partially adopt in their own lives. What you may not know is that Ferris began part of that journey thanks to the concepts in this book.
Stephen Key, the author of “One Simple Idea” has been around for awhile…chances are you have personally encountered more than a couple of his ideas. The concept of licensing has also been around for quite awhile but it was only when I saw it put into action that the “click” went off in my own mind. Years ago I knew two people that put together a relatively simple concept during the dot-com era and became overnight millionaires by licensing it out. Neither was especially brilliant and both were fortunate to have terrific timing. This was an era when most of us were simply in awe of being able to earn $1 per word for generating content – to say most of us “didn’t get it” would be an understatement.
A few years later someone else I knew personally was in a position to put this into action and despite a LOT of ups and downs – managed to take a company public. The third time was a charm…it finally clicked but there were still unanswered questions. By now I knew it could be done and have seen first hand three people put it into action. None will be taking on Bill Gates but all have radically transformed their own standard of living and have been in a position to pursue a lifestyle they love. This book finally begins to fill in the gaps.
Wonderful book. Not as much hype as Ferris but a lot more substance.
