...please forgive my newbie questions.
But I find it helpful to think aloud at
times, so I can learn from sharper minds than
mine.
From what I understand about the Harvey Brody
system, there are 2 parts:
1. Getting the toll position (exclusives,
etc)
2. Monetizing the toll position (getting the
cashflow from the toll position)
What if -God forbid- you are broke and you
get control of a toll position. And you
really need cashflow TODAY to pay some bills.
How will you monetize your toll position?
Quote:
Originally Posted by Dien Rice
Hi unpinkpanther,
There are two ways to get a toll position...
You can Create one, or you can Acquire one...
Creating a toll position will generally take longer. For example, Mr. Brody created his first toll position - the "zoom spout oiler." It was his own invention, he had investors to help fund the production (and he also got a patent), and I think it took him a while to get off the ground (though remember, it was his first one)...
Acquiring a toll position can take hours, even minutes. You find a toll position you like which is for sale, and you buy it - done!
Or, you can negotiate to acquire a toll position which is not initially for sale, or where you get a piece of the toll position as part of a joint venture deal... In which case it can take much longer.
Every deal is different! Some deals can literally take minutes...
"I have a toll position" (e.g. copyright, patent, etc.). "You wanna buy it?"
"Yes, here's the money."
Finished!
(I have literally done this, where I was the buyer.)
On the other hand, some deals (such as a merger between two companies, or an acquisition which would involve a merger) can take years...
So there's quite a range!
Some toll positions can be gotten for free. For example, exclusive distribution deals for a certain product for your region or country can often be had for free...
Best wishes,
Dien
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