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The Licensing Solution How to make more money from your underused assets than you make with your core business by Bob Serling

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Page 1: The Licensing Solutionmedia.instantcustomer.com/12442/0/738_thelicensing... · 2013-03-18 · by Bob Serling. If you prefer to “skim ... The Licensing Solution Again, at that time

The Licensing Solution

How to make more money from your underused

assets than you make with your core business

by Bob Serling

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If you prefer to “skim” rather than read…

here’s what you’ll discover in this report

• What “underused assets” are and how every business has substantial,

unclaimed profits locked up in these assets

• Specific examples of how many businesses make more money by licensing

their underused assets than they do from their core business

• The “cat scan” method one business used to identify 22 underused assets

– then turn them into massive revenue of $400 million

• A 60-second quiz to determine if your underused assets are worth millions

• Case Study: How a professional services firm enjoyed its best sales month

ever the first month they began licensing

• Case Study: Creating a 6-figure passive income stream from scratch in just

90 days

• A simple, 6-step blueprint you can use to start licensing out your own

underused assets today

Copyright © 2013 by Profit Alchemy, Inc. How to make more money from your underused

All rights reserved assets than you make with your core business

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The Licensing Solution

Introduction

Are your underused assets a missed opportunity or a lucrative

new profit center?

While most business owners focus exclusively on their core business, a

number of savvy businesses are cashing in by licensing out their underused assets.

In fact, in many cases, they’re making more money by licensing out these assets

than they are through their core business.

In this report, I’m going to fill in the blanks so you clearly understand how this is

done. You’ll see how any business – including yours – can generate large, ongoing

streams of passive income from a variety of assets you already have, but often

overlook. I’llillustrate this by showing you the strategies and tactics that makelicensing

“Any business can generate large,

ongoing streams of passive income

from a variety of assets you already

have, but often overlook.”

To help you determine whether or not licensing is a good fit for your business,

I’ll give you seven questions that clearly indicate whether it’s a “yes” or a “no”. Then

I’ll give you a 6-step asset licensing blueprint anyone can use to start profiting from

licensing their underused assets.

So by the end of this report, you’ll have a highly usable “starter kit” for

generating large streams of passive income for your business with licensing.

Sound good? Then let’s get right to it!

How to make more money from your underused

assets than you make with your core business1

both easy and

successful – and

include a number

of case studies

that demonstrate

how profitable

licensing can be.

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

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The Licensing Solution

What exactly are underused assets?

Let’s start with an all-important question: Exactly what type of underused

assets can be converted to new profit centers through the use of licensing? The

answer may surprise you.

You see, if you’re like most business owners and entrepreneurs, you have a

file jammed full of more ideas than you have time to get to. In addition, you have

products and services that sold well but are no longer that interesting to you. And

you probably have systems, business processes and technology you’ve developed

for your business that could have significant value to other businesses.

All of these assets can be licensed to other businesses. In addition, as I’ve

already mentioned,

you can often make

a lot more money

from licensing out

these assets than

you make with your

core business.

In just a minute, I’ll give you a number of examples of how other businesses

are doing this. But first, let me give you a little background so you’ll understand what qualifies me to speak to you about licensing in the first place.

A quick tour of my experience with licensing

My own introduction to licensing came from the pre-Internet days of working as a

marketing consultant with high-tech and financial services companies. These two

industries fit well together, because financial service companies were the largest

users of mainframe and mini computers.

Now, if you aren’t familiar with large scale computing systems, almost all

hardware is leased and virtually all enterprise level software is licensed rather than

purchased. Back in those days of the 1980s, IBM and Xerox dominated the market

and IBM commanded a much greater market share than Xerox. So most of my

financial services clients were using IBM systems.

How to make more money from your underused

assets than you make with your core business

“You can often make a lot more

money from licensing out these

assets than you make with your

core business. ”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 2

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The Licensing Solution

Again, at that time and even today, it was a given that large-scale software

systems were licensed rather than purchased. But IBM took that one step further

– and that step was a magnificent and highly profitable giant step.

You see, in addition to licensing their software (of which there were dozens

of packages and hundreds of variables within those packages), they also licensed

out the training materials for that software. All together, they offered thousands of

courses. In fact, at one time, since they had a publishing arm that printed all their

manuals, IBM was the single largest publishing house in the world.

However, you could not buy their training programs. They were only available

on a licensing basis. The method IBM used was known as a “seat license”, which

meant you paid the licensing fee by the seat. And on average, each course was

licensed for $3,500 per seat. So if you had 8 people watching the same training

videos, you were charged $3,500 per each of those 8 people.

As a marketing consultant, it did

not escape me that this was practically

a legal way to print money. Create a

training program that can’t be purchased

anywhere else, send out one set of

videos, and charge through the nose

for every person who accesses those

videos. Simple, but brilliant!

Now, it quickly sunk in that licensing was the way to go. And in particular,

licensing where there was a repetitive fee or a share of the profits for using the

same intellectual property over and over again.

Based on what I’d seen, I began to experiment with licensing out my services

rather than charging a flat rate. Rather than selling new marketing campaigns that

took considerable time and effort to develop, I took the most successful marketing

campaigns I had done for clients, eliminated any personal information that belonged

to those clients, and came up with a set of powerful templates that could be quickly

customized and licensed to clients in just about any industry.

The promise of getting a proven marketing campaign with guaranteed results

How to make more money from your underused

assets than you make with your core business

“It did not escape

me that this was

practically a legal way

to print money.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 3

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The Licensing Solution

rather than pioneering something that could easily fall flat on its face appealed to

hundreds of small businesses and I was quickly overloaded with more clients than

I could handle. Not only was my development time slashed to the bare minimum,

but I was now getting a retainer plus a percentage of the profits to license out my

services rather than charging a flat fee – so my profits increased substantially.

However, I still wasn’t taking full advantage of these underused assets. You

see, to take advantage of the full

profit potential of these licensable

marketing campaigns, I had to

ramp things up yet another level.

Fortunately, that was easy

to do and I accomplished this

by licensing the use of these

marketing campaigns to dozens of

other consultants for a five-figure

licensing fee plus a share of their

profits. By handing off the day-to-day duties to these licensed consultants, I could

take a ton more time off, be rewarded handsomely, and grow my company’s reach

and reputation far more quickly than I could ever hope to do on my own.

“It I could take a ton more time off, be

rewarded handsomely, and grow my

company’s reach and reputation far more

quickly than I could ever hope to

do on my own. ” Not a bad combination! And now I was taking full advantage of my underused

assets.

My personal experience is just one example of how to fully profit from your

underused assets. Now, let’s take a look at a couple examples of how other

companies are doing this with completely different types of assets.

How to make more money from your underused

assets than you make with your core business

“To take advantage of

the full profit potential

of these licensable

marketing campaigns,

I had to ramp things up

yet another level.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 4

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The Licensing Solution

Example 1 – The $350 million barbeque

If you’re like most people, you have a barbeque sitting out on your patio. But

is that barbeque worth $350 million?

It all depends on how you look at it.

You

“One company makes $350

million EACH year, simply

because the owner looked at

things a bit differently than

everyone else does.” everyone else does.

Now, the owner of that company was Henry Ford. Yes, the same Henry Ford

who created the assembly line that made the Ford Motor Company so successful.

But what most people don’t know is that one of the byproducts of making the

wooden parts for the Model T was a substantial amount of wood scraps. And Henry

Ford was eager to find a way to turn these unused assets into new profits.

With a bit of quick research, Ford learned of a process that involved chipping

the wood into small pieces, charring the small pieces and adding a binder to make

charcoal briquettes.

Instantly, a new industry was born. Ford co-founded the Kingsford Charcoal

Company to make and sell those briquettes. He partnered with a relative, E.G.

Kingsford who located and built the charcoal plant.

The Kingsford Charcoal Company was profitable right from the start and is

still going strong today with annual sales of $350 million. In fact, they still dominate the market, controlling more than 80% of all charcoal sales.

How to make more money from your underused

assets than you make with your core business

most

an

only

one

people object

see, look at

and see

that object. But

company makes $350

million EACH year,

simply because the

owner looked at things

a bit differently than

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 5

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The Licensing Solution

So here’s the important take away: what underused assets do you have

(some of which you may consider to be scrap) that you can look at in a new light

and make available to other businesses who would gladly pay you top dollar to get

access to?

Example 2 – Turning one company into 22

multi-million dollar profit centers

Now, let’s fast forward to a more recent example. Springfield ReManufacturing

Corp was founded in 1983 when 13 employees of International Harvester purchased

the division that rebuilt engines for large vehicles.

At the time of the purchase, the company was on the brink of bankruptcy,

losing $2 million annually on sales of $26 million. With the purchase price of $9

million, many analysts felt the new owners had made a serious blunder.

However, those

“A significant factor in that turn

around was a plan to squeeze

every penny of profit possible

out of their underused assets.”

Senior managers at SRC looked at every option available for spinning off

their existing products, services and business processes into new sub-companies,

all run by their existing staff during their down time.

stabilized and these new companies quickly became profitable, the turnaround

was accomplished quickly.

How to make more money from your underused

assets than you make with your core business

new able

owners were

to

around turn things

quickly. And

a significant factor in

that turn around was a

plan to squeeze every

penny of profit possible

out of their underused

assets.

As the core business was

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 6

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The Licensing Solution

Due in a large part to

this spin off strategy, sales

grew at 30% each year. Within

3 years, the company

extremely profitable

revenue had grown from

million to $42.

By continuing to pursue every opportunity possible to create companies

around their underused assets of manufacturing processes, business systems

and business processes, SRC has spun off over 22 separate companies and now

enjoys sales of $400 million annually.

While most businesses view their underused assets as having little or no

value, SRC relentlessly mined the profits of every existing asset. And today the spin

off companies generate nearly 10 times as much revenue as their core business!

How to make more money from your underused

assets than you make with your core business

“Due in a large part to this

spin off strategy, sales

grew at 30% each year.” just was

7

and $26

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

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The Licensing Solution

Are YOUR underused assets worth millions?

These two examples demonstrate how companies have been realizing the

full profit potential of their underused assets for decades. And in just a minute, I’ll

give you a few case studies that will show you how my company and my clients are

fully leveraging our assets as well.

But more importantly, what

you’re probably wondering

right now is how valuable are

your own underused assets?

Are you sitting on unclaimed

profits that could easily

be worth millions to your

business?

Fortunately, it’s very easy to determine where your business stands on this.

I’ve put together a set of seven questions that will tell you immediately whether or

not you stand to benefit by licensing your underused assets to other companies.

Take a minute to answer them now:

Question 1: Do you have a product that sells well and could benefit from

greater sales reach?

Question 2: Do you offer a service that other service providers could also

offer, giving you broader market coverage?

Question 3: Are there additional markets you could be selling into but don’t

have the staff or budget to cultivate these sales?

Question 4: Have you developed systems or processes that could be used

effectively by other companies within your industry or in other industries?

Question 5: Have you developed proprietary software for carrying out any

aspect of your business that could be used by other businesses?

methods or materials that could be

How to make more money from your underused

assets than you make with your core business

“Are you sitting on

unclaimed profits that could

easily be worth millions to

your business?”

have marketing

8

Question 6: Do you

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

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The Licensing Solution

modified and used effectively by non-competing businesses?

Question 7: Do you have any other processes, systems, formulas or any

other form of intellectual property that would be of value to other businesses?

If you answered “Yes” to one or more of these questions, then your business

is in a position to license out your underused assets and generate large, passive

streams of income for many years to come.

So let me share three Case Studies that will show you how simple the licensing

process really is and how other businesses are using licensing right now to add substantially to their bottom line profits.

How to make more money from your underused

assets than you make with your core business

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 9

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The Licensing Solution

Case Study #1 – $2.6 million dollar increase

from “fractional” licensing

“Fractional” licensing is exactly what it sounds like – devoting only a fraction

of your business efforts to licensing, while spending the majority of your time

concentrating on your core business. Even so, this form of licensing can be quite

profitable.

The Internet Marketing Center was founded in 1996 to offer internet marketing

tools and training to small businesses. The original founder was Corey Rudl who

was visionary in identifying the massive potential of the Internet as a marketing

medium long before most businesses were even online.

A few years before Corey tragically passed away in 2005, I sold a division

of one of my companies to him. This was a straight sale, but the one “extra” that

Corey insisted on was that I throw in a couple consulting hours to give him and his

partner, Derek Gehl, an immersion training in the basics of licensing. Mind you,

this was done in about two or three hours and it really only scratched the surface

of what’s available through licensing.

Even so, the results were exceptional. By taking some of the training products

from the division they purchased from me and merging those with some of their

own training materials, the team at the Internet Marketing Center created a new

product that could be licensed to other businesses to sell.

This new package was

intended to be used as just a

test, due to the fact that they had

very little time or staff available

to manage this project. However,

within the first week alone they

collected $1

fees.

Then, by continuing to devote just a small portion of their staff’s time and effort

to this project, they ended up producing a total of $2.6 million in additional revenue they never would have seen without the introduction I gave them to licensing.

How to make more money from your underused

assets than you make with your core business

million in licensing

10

“Within the first week

alone they collected $1

million in licensing fees.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

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The Licensing Solution

Because their annual sales revenue was around $6 million, this represents a

43% increase in sales. But again, it didn’t require anywhere near 43% of their time,

effort or staff to produce this lucrative gain.

Here’s how Derek Gehl describes their experience and their results in his

own words:

“With the first licensing strategy Bob showed us, IMC made about

$1 million in our first week of using it. Altogether, we’ve done at least $2.6 million

worth of business because of this one simple licensing strategy.”

Derek Gehl, former CEO

Internet Marketing Center

Case Study #2 – “Mirror image” licensing

produces best sales month ever

This case study features one of my clients who is taking advantage of a

technique called “mirror image” licensing. Here’s how this works. One of the

programs I offer is a package of pre-done marketing campaigns that consultants

can license from my company and then re-license to their own clients.

So they pay a licensing fee for this package, then “mirror” what I’m doing by

licensing out the individual marketing campaigns to their clients. The consultants

win because the marketing campaigns have all been proven effective over many

different industries and they

bypass the months or years

of development time it would

take them to create these

kind of campaigns on their

own.

The clients who license

and use these marketing

How to make more money from your underused

assets than you make with your core business

“The clients benefit because

they pay a fraction of what

it would cost to have a

campaign designed

from scratch.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 11

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The Licensing Solution

campaigns to sell more of their products and services benefit because they pay a

fraction of what it would cost to have a campaign designed from scratch. And in

most cases, their results are guaranteed, which eliminates all risk on the client’s

part.

Now the marketing campaigns themselves give a consultant a powerful tool

for quickly generating more business in their practices, but in addition to those

campaigns, as part of their license they also receive my proprietary prospecting

system for selling those campaigns. As a result of this complete package, our

licensees can expect to get substantial results quickly.

One of my licensees who just joined the program reported that by using this

two-part process, consisting of our marketing campaigns and our prospecting

system for selling them, his results exceeded his best sales month for the past 20

years. In fact, he generated so much business so quickly, that he had to temporarily

shut down the prospecting system because his sales team had too many leads to

adequately handle.

Simply by turning on a pre-done system that he had licensed, my licensee

generated an immediate spike in leads of 150%. And when the smoke had cleared,

he ended up with a 5-to-1 increase in prospects who were ready to sign a contract

on the dotted line.

Here’s a complete description of the results as he reported them:

“I would just like

to thank you for making my first

month in the CLC program my

best sales month ever. I used

one great idea I got from you on

our introductory call in my next

mass email to my list and got a

150% spike in leads.

Then, on Monday of this week I got a return on my email blast of 50

solid “ready to buy” leads when my typical return is 10 leads. I copied one of your

campaigns that was designed to have 3 emails sent in sequence. Unfortunately I

overloaded my sales team with too many leads in one day so I had to call off the

How to make more money from your underused

assets than you make with your core business

“I used one great idea in

email to my

got a 150%

leads.”

my next mass

list and

spike in

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 12

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The Licensing Solution

next 2 emails in that sequence out of fear that we weren’t getting back to these super quality leads fast enough and I didn’t want to waste them.

That’s OK because I now have a proven winner that I can pull out

in a couple of weeks when we have our team ready to handle the lead volume. I

can’t wait to dip into some of the other campaigns.

month, I will earn an extra $30,000 profit. Not a bad return on investment for your

CLC program.”

David Rankine

Professional Prospecting Systems

Case Study #3 – Using licensing to

create a 6-figure stream of passive

income in just three months

Creating a 6 or 7-figure stream of

passive income can be done much

more quickly than you might think.

This case study illustrates in detail

how I recently did this with the

marketing campaigns I mentioned

above, generating a 6-figure stream

of passive income over a period of

just three months.

Starting in the middle of October I sent out an email introducing a new, master

level program for consultants that lets them license my best performing marketing

campaigns and my complete prospecting and sales system. This included many

campaigns and all the key marketing pieces that I use in my own business and had

not shared in any of my other programs.

By carefully screening for only highly qualified applicants and not making it

available to anyone who could afford it, the members got results quickly. Most are on target to make $300k or more annually by using this system.

How to make more money from your underused

assets than you make with your core business

With these additional leads this

“Creating a 6 or 7-figure

stream of passive

income can be done

much more quickly than

you might think.”

13 Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

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The Licensing Solution

Each licensee pays

me a $14,000 fee that’s

renewable annually, plus

a percentage of their

profits. I sold a number

of licenses right from that

first email, generating a

sizable profit immediately.

Then, in February (just 3 months later), I sold a master license to that entire

received a six-figure deposit plus an ongoing,

double-digit share of the profits they generate. And the deal is structured in a way

that is partially self-liquidating for the buyer, so it’s painless and they have a strong

incentive to perform at the highest level – meaning more sales for them and higher

royalties for me.

So let’s get to the bottom line. In just 3 months, I was able to:

• Create a new division of my business from scratch and have it be extremely profitable within the first week of launching it

• Fully prove the model within this 3-month window

• Attract a major licensee to take over the entire operation

• Get a hefty six-figure down payment, plus an ongoing double-digit royalty.

Depending on overall sales, this will be worth between $300k and $600k per year

to me, even though I do very little other than collect my monthly royalties.

• Build into the process a plan to sell off this division three years from now. My

share of that is based on my royalty percentage and is projected to be worth $2 million to $4 million.

How to make more money from your underused

assets than you make with your core business

“I sold a number of licenses

right from that first email,

generating a sizable profit

immediately.”

operation to another business. I

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 14

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The Licensing Solution

Removing the mystery behind how to

effectively license your own underused assets Throughout this report, I’ve given you examples of a variety of different types of

underused assets that were converted to new profit centers. And there are many

more examples I could share with you, but the real question at this point is:

What does all of this mean to you?

What it means is that you can fully capitalize on as many of your own

“You can fully capitalize on

as many of your own unused

ideas, existing products and

services, and useful systems

and technologies as you’d like.”

The Blueprint itself is simple and is comprised of just 6 steps. But like anything

that works extremely well, there are many nuances and details that have taken

years of sweat, experimentation and money to get the system working like the truly

well-oiled machine it is.

And like anything else worth doing, it’s critical that you get each step right or

seemingly insignificant errors can derail your entire project. So here’s a tour of all 6 steps that you can use to get started once you’ve completed reading this report.

How to make more money from your underused

assets than you make with your core business

unused ideas, existing products and services,

and and

useful systems

technologies as

you’d like. All it takes is

applying a proprietary

process I’ve developed

called The Power Licensing Blueprint.

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 15

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The Licensing Solution

Step 1: Create a licensable product or a service

Now, this Step may sound ridiculously obvious, right? But here’s the thing

“There are at least half a dozen

highly profitable products,

services or processes embedded

within your business that are

just below the radar.”

In the example I gave you of SRC Holdings, you’ll recall that they created 22

separate spinoffs. These were built around a variety of products, services, business

processes and business systems they were able to isolate and turn into stand-

alone product lines.

The trick is to scour your business for opportunities using “cat scan” mode

rather than “xray” mode. You see, an xray is a one dimensional view of things, so

you can only expect to get a surface picture of the available opportunities.

With a cat scan, you get a fully developed, 360 degree picture of things,

yielding far more opportunities. So it’s important to look beyond the obvious and

dig out all the potential assets you have that could be of use to other businesses.

“When you’re licensing assets,

the criteria for who you

them to has a few significant

differences from the prospects

or customers you’re currently

service or traffic

How to make more money from your underused

assets than you make with your core business

– I can guarantee you that there are at least

half a dozen highly

profitable products,

services or processes

embedded within

your business that

are just below the

radar and you haven’t

considered.

Step 2: Lead

generation /

traffic generation

Now it’s quite possible

that you already have

a good handle on lead

generation if you sell

license

marketing to.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

a

16

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The Licensing Solution

generation if you sell a product.

But when you’re licensing assets, the criteria for who you license them to

has a few significant differences from the prospects or customers you’re currently

marketing to (although some of those will be candidates as well). So it only makes

sense that you need different targeting for your lead generation and traffic generation

efforts.

The primary targeting question to ask is, “Who would be most likely to benefit

from this?” The answer may be your customers, your competitors, or a completely

new source of leads. While this is another point that may sound obvious, it’s critical

to invest the time to get your targeting right. Otherwise, you could end up with

licensees who won’t be as effective as possible at spreading your products and

services out to many different markets.

Step 3: License rights to the product or service to others

In this Step, the focus is on the most effective strategy and mechanics for

licensing out your product or service. The critical factor, as I mentioned above, is to

carefully screen and accept only those people who meet all the necessary criteria.

In addition, you

need a solid licensing

agreement that conforms

with the laws of the

geographical areas you’ll

be licensing in. Needless

to say, you should engage

the services of a good

attorney to create your

licensing agreement.

More than anything else though, the screening process is critical. Because

getting this right – and accepting only those people who will produce real value for

you – is THE key to making substantial profits with licensing.

How to make more money from your underused

assets than you make with your core business

“Accepting only those people

who will produce real value

for you is THE key to

making substantial profits

with licensing.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 17

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The Licensing Solution

One of the most costly mistakes I made when I first got started with licensing

was accepting licensees based on the criteria of who could afford the fee. I figured

that if a business or entrepreneur could afford my fee, which was not insignificant,

they would have the experience to fully implement my system.

Unfortunately, that was not the case and while many of those licensees were

successful, just as many were not. So I wasted an opportunity to get my products

and services out to many more customers by having licensees who couldn’t perform

– and those licensees were frustrated as well.

Suffice it to day that these days, I’m very discriminating in who I accept as a

licensee.

Step 4: Sell a master license to one person/company

Once you’ve licensed your product or service to a number of people and they’re

producing excellent results, the next step is to find a single person or company to

sell a master license to.

Here again, your master licensee can come from a variety of sources. It could

be one of your customers,

your existing licensees, a

vendor or another company

that would benefit from

adding this profit center to

their other offerings.

While each of the 6 steps in

the Blueprint are valuable,

this is probably the most

valuable step. Because it’s here that your large, passive income streams are built,

allowing you to collect a substantial upfront fee and ongoing monthly royalties with

very little, if any, hands on work.

How to make more money from your underused

assets than you make with your core business

“While each of the 6 steps in

the Blueprint are valuable,

this is probably the most

valuable step.”

18 Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

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The Licensing Solution

Liquidity event – usually the sale of the company

goal right

start is to

how each

licensing project will

end. And almost always,

the ending I’m looking

for is the purchase of

the company.

Usually, the sale will take place 3 to 5 years after you’ve sold your master

license. There’s also a strong chance that your master licensee will be the buyer,

although the sale may be made to another company.

Most importantly, because the master licensee is adding more and more

licensees to the business, when the time comes to sell, the value of the business

should be substantial. Which means you stand to make millions from this liquidity

event.

As with all the steps, there are important nuances that make the difference

between an ordinary pay out and a truly stellar pay out. This includes how you

find the right buyer (there are multiple ways to do this and not all are equal)… who

negotiates the deal… how the payout is structured… and whether or not you have

any responsibilities after the sale has closed.

In general, you want to get as much money and have as little responsibility

after the sale as possible. On the other hand, your buyer will likely want to pay

as little as possible and have you be responsible for many duties for quite some

time following the sale. So the fun comes in finding a happy medium that will be

profitable for all!

How to make more money from your underused

assets than you make with your core business

Step 5:

My

from plan

the

“Almost always, the ending I’m exactly

looking for

of the

is the purchase

19

company. ”

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The Licensing Solution

Step 6: Exponential profits (or wash, rinse and repeat)

The final step in the Blueprint is to create a systematic approach to repeating

this with as many products, services, technologies and business processes as

possible. The object is to identify as many closely related products or services as

possible in order to turn this into an ongoing, unstoppable stream of passive profits.

“Identify as many closely related

products or services as possible in

order to turn this into an

ongoing, unstoppable stream

of passive profits.”

market, similar markets, dissimilar markets you can “transport” your product or

service to, customer demographics, and more. With these attributes as your

guideline, you’ll be pleasantly surprised to discover just how many licensable

assets you can identify with just a minimum of effort.

How to make more money from your underused

assets than you make with your core business

These closely

related products

or services can

be linked by any

number of similar

attributes, such

as product type,

manufacturing

process, niche

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The Licensing Solution

Wrap up

Well, you’ve made it to the end of this report. Congratulations!

In just a minute, I’m going to give you an opportunity to take everything

we’ve covered much further. But first, I want to emphasize one last time, the most

important concept in this report, which has two parts:

• Every business has a number of underused assets that other businesses would pay top dollar to license from you

• You can often make more money by licensing your underused assets than you make from your core business

Here’s why this concept

is so important. Today, more

than ever before, budgets are

tighter and you’re forced to

do more with less. The major

benefit of licensing out your

underused assets is that it

takes very little to do this.

It requires little, if any, development time. It can be achieved quickly without

much money or any additional staff. And often, because many of your existing

customers will make up a large percentage of your licensees, you can keep

prospecting to a minimum and be profitable right from the start.

Here’s what to do next:

Remember the set of questions I listed above to help you determine if licensing

your underused assets is a good fit for you? If you recognized the opportunity of

licensing for your business when you answered those questions, then it’s time to

start taking advantage of the immense profit potential licensing offers you.

There are two ways to do this. First, I’ve given you a lot of immediately usable

How to make more money from your underused

assets than you make with your core business

“The major benefit

of licensing out your

underused assets is that it

takes very little to do this.”

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved 21

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The Licensing Solution

information in this report. You can take this information and initiate a few licensing projects on your own. That’s how I started out and you can as well.

However, if you’d like to avoid the mistakes that are a built-in component of

doing things yourself (believe me, I’ve made every one of them!) and fast track

your success at the same time, then I’d like to offer you my help.

I have a 1-to-1 consulting program for “The Power Licensing Blueprint” where

you receive comprehensive personal guidance through all 6 of the steps I showed

you above. Together, we’ll craft the most direct route to generating ongoing streams

of 6 and 7-figure profits for your business.

The entire purpose of this consulting program is to license out your underused

assets as quickly as possible. Now, obviously, I can’t promise exactly how soon

this will occur, but I’ve been able to generate sizable profits within just a week or

two many times. And I’ll bend over backwards to get you the best results possible

in the shortest time possible.

To get all the details on how “The Power Licensing Blueprint”

1-to-1 consulting program works, just click here:

I look forward to helping you generate substantial profits by

licensing out your underused assets!

Bob Serling, Founder

Profit Alchemy, Inc.

Copyright © 2013 by Profit Alchemy, Inc. All rights reserved

http://www.ProfitAlchemy.com/bp1

22 How to make more money from your underused

assets than you make with your core business