Licensing Specialist

Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No

Acting 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.

Categories

Latest on Entrepreneur

Entrepreneur Media, Inc. values your privacy. In order to understand how people use our site generally, and to create more valuable experiences for you, we may collect data about your use of this site (both directly and through our partners). By continuing to use this site, you are agreeing to the use of that data. For more information on our data policies, please visit our Privacy Policy.