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About Startup CostsThe startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.![]() If you know your product branding and licensing laws, this business has your name all over it. Business OverviewActing as a licensing specialist, you can seek out opportunities to secure the exclusive rights to use a popular name, product, service, or operating system or formula, and sell sublicenses to qualified business owners wishing to utilize the license in a business venture, product, or service. An example of a licensing situation is as follows: a popular motorcycle is being manufactured and you secure the master license to use the name of the motorcycle in question to promote products and services. You sell a license to a clothing company to use the motorcycle name, image, and logo on their clothing line and charge a one-time fee plus on-going royalties based on the success of the clothing line. You sell a license to a corporation that wants to establish a chain of restaurants using the motorcycle's name, logo, and image. These are only two examples; there are literally hundreds if not thousands of ways to profit as a licensing specialist.Related Business IdeasRelated ArticlesHow to Freelance Your ExpertiseIf you're tired of being on the employee treadmill, now may be the best time to consider freelancing your hard-earned skills.
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