Reddit Reddit reviews One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work

We found 9 Reddit comments about One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work. Here are the top ones, ranked by their Reddit score.

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One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work
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9 Reddit comments about One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work:

u/dksmith01 · 4 pointsr/Entrepreneur

You may want to check out One Simple Idea by Stephen Key. Perhaps you can create a prototype and license your idea to a large company so you don't have to build out distribution yourself.

u/tuffbot324 · 3 pointsr/Entrepreneur

As others have said, you can get a provisional patent application filed. From what I understand, these are quite cheap. With this and a working prototype, you can start pitching your ideas to companies. There's some books out there that might help: http://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159

If you don't want to sell your idea, you might be able to do some fundraising with sites such as Kickstarter.com

Remember to do some market research and learn how to sell ideas and marketing. People have great ideas but don't know how to sell them. Do homework before investing your own money. Most products are never commercialized and only half that are turn out to be successful. Learning to do things right could save you a lot of money.

u/crgarrigues · 2 pointsr/Inventions

Have you checked out Stephen Key and his book One Simple Idea? I think that'd be a great place to start!
https://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159

u/losted · 2 pointsr/business

This book is a very good one on the subject : One Simple Idea

u/ldsrhb · 2 pointsr/Entrepreneur

Just posted this (http://www.reddit.com/r/Entrepreneur/comments/2q8q0y/i_have_a_non_complicated_invention_how_can_i_help/) and think it relates to you, too, TurtleHustler:

Read this book! http://www.amazon.com/Invent-It-Sell-Bank-Million-Dollar/dp/0804176434

And this one: http://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159

If you don't want to run the business and manufacturing yourself do consider the slim chance of licensing the product. InventRight could help then. I think it ups the odds of getting a licensing deal . . . if the product is worthwhile. Too many think they have innovative products when it's, like, a disposable cat bowl.

Cover yourself with the right documents, too. NDA, non-circumvention, non-compete, you know the game.

The reality is most people will say they'll buy but how many would put their money where their mouth is come down to it? The first book mentioned does talk about that in a very enlightening, reality-inspiring way.

You could see about going the Kickstarter route if you need funding. I'd at least go patent-pending beforehand. Big companies can canvas that site often for ideas.

The Four-Hour-Workweek approach is a safe one, too, as far as market testing goes. Do read that book if you haven't. I'd test the heck out of the market before putting in the money you're certainly going to have to put in, especially if you're talking a regular patent and funding your own manufacturing.

u/dbernie41 · 2 pointsr/Entrepreneur

Read One Simple Idea... it will tell you everything you need to know. I have read it myself because I am considering licensing something or trying to and it was extremely helpful.

http://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159/ref=sr_1_1?ie=UTF8&qid=1318697547&sr=8-1

u/BrandonRushing · 2 pointsr/Inventions

He needs to get a working prototype in hand, get help from a marketer for a sales pitch and get it in front of people from True Temper or Jackson(two of the largest wheel barrow manf). This is not something I would try to bring to market myself, but I would try hard to license this to companies with the infrastructure and retail systems in place already.

This is a great book on the topic by Stephen Key.

u/hyphensprint · 1 pointr/Entrepreneur

There is a book on the topic that I am currently reading myself: One Simple Idea

u/DrMustache · -1 pointsr/SimCity

This book lends some insight into how to go about doing it: http://www.amazon.com/One-Simple-Idea-Licensing-Goldmine/dp/0071756159/ref=sr_1_1?ie=UTF8&qid=1344806368&sr=8-1&keywords=one+simple+idea

I'm sure it'd be interesting to be involved in a project like this. I'm not sure I'm the man for the job, but I definitely am interested in the final product if someone did manage to put something like this together.

If you get rich off it, just circle back around for me if you would... it'd be appreciated, lol.