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Stephen Key
- Product Licensor
Stephen Key on YouTube 👇…
Yes, you can license ideas even though you don’t live in United States… companies all around the world – especially here in the United States – are looking for new ideas [that] they can bring to market.
If they license those ideas or rent those ideas from you, they’re going to pay you a royalty on each and every one they sell.
In another video, Stephen shares how much he’s earned licensing some of his ideas…
- Disney Ballpens – $10K
- Plush Puppets – $10K
- Michael Jordan Wall Ball – $100K
- Spinformation – $200K quarterly
Lots more info on Stephen’s channel about product licensing 👍
Including interviews with successful product licensors, like this one…
- He Earns Passive Income From His Ideas With NO Prototypes…
🎙️ From a related podcast interview with Sef Chang…
Sef discovered licensing products after graduating college.
He submitted many product ideas to a novelty company. The company was interested in a licensing deal for a miniature keychain back scratcher.
The back scratcher sold 180,000 units and kicked off his career as a product developer.