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You may be right Dien
You know, from talking with Harvey and his daughter, some of the finer details of his operation, but one thing is the TOLL POSITION concept can cover a wide range of products and services.
His original course had the bonus sections on Copyright, Trademarks, Patents, Formulas, Processes etc. But any B2B has the following moving parts: Contact, query, discussion, negotiation, agreement, legal, contract, fulfillment (distribution), performance, including penalty for non performance, payment, etc. This is all SOP in B2B transactions. In a couple of Harvey's situations, his consumers are retailers, so he only deals with a very manageable 100 or so customers, as opposed to, say, Ben Suarez who has 6 million customers (B2C). One guy, like me too, looks for Intellectual Property (IP), and this eliminates the need for inventory, shipping and handling, which today can be easily outsourced. And IP takes many shapes and forms from a song to a cartoon character to a comic book character, which are making fortunes for their owners. As you say, these are BUSINESSES and they all have a common flow, from product development/acquisition to marketing and fulfillment and all stops in between. Licensing is one form of a toll position, but it doesn't matter what one chooses to do, there is TIME involved, and the clock starts ticking when the Entrepreneur starts doing. Bob Blagg started with conversations with Harvey and myself, and now he has a product endorsed by Joe Sugarman and others because he proceeded to take action one day, one step at a time, and it wasn't always easy. Sort of like some guys who are NOW ready to chattel, and it will take them a year or two to build up profitable networks. Whatever it is, it is going to take some time (or buy a lottery ticket and hope) to achieve proficiency in what you do. Business, not a hobby. Gordon Quote:
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