Still on Harvey Brody's Answers...

[unpinkpanther]

Thank you for sharing Harvey Brody's Answers to a Question-Oriented Person

Let's say you have invented the formula for a widget; that becomes your "toll position".

You hire a subcontractor to handle the actual production of the widget. To avoid getting "flipped", you recruit master distributors to distribute (duh!) the said widget.

Please help clarify a few things:

1. How does the production subcontractor get paid? (It seems to me he is using his funds to build your widget.)

2. How do you work out a suitable compensation plan for the distributors? Any sample templates?

3. How do you get paid? Are the royalties paid by the production subcontractor? How are royalties worked out?

Please let me know what you think

[Dien Rice]

Originally Posted by unpinkpanther

Thank you for sharing Harvey Brody's Answers to a Question-Oriented Person

Let's say you have invented the formula for a widget; that becomes your "toll position".

You hire a subcontractor to handle the actual production of the widget. To avoid getting "flipped", you recruit master distributors to distribute (duh!) the said widget.

Please help clarify a few things:

1. How does the production subcontractor get paid? (It seems to me he is using his funds to build your widget.)

2. How do you work out a suitable compensation plan for the distributors? Any sample templates?

3. How do you get paid? Are the royalties paid by the production subcontractor? How are royalties worked out?

Please let me know what you think

Hi,

If you're doing your own deals, you can of course structure it however you like...

So, the answer is it's up to you how you want to structure it.

It will probably be a matter of deal making. You have to make deals with the subcontractor and the distributors.

It's a very broad question, and there are different ways to do it...

You might enjoy the details of how Bob Reiss created a trivia type of game around TV Guide, which might help answer your questions... He invented the game, had it produced, and marketed it - all with no up front cash.

You can read the details here...

http://bit.ly/2mQjyaK

(This will download a PDF file.)

Let me know what you think!

Best wishes,

Dien

[unpinkpanther]

Thank you, Dien.

I'm really chewing on the report. Gets tastier with each read.

It's straightforward & fills in a few "gaps" Harvey Brody didn't quite elaborate on in the "Answers" report.

Thank you for introducing some of us to a whole new way of thinking about business.

GOD bless you

P.S. About the millions, sure, I can see how this can launch my career in philanthropy. It'll be an honour to work with people like you

[GordonJ]

Originally Posted by Dien Rice

Hi,

If you're doing your own deals, you can of course structure it however you like...

So, the answer is it's up to you how you want to structure it.

It will probably be a matter of deal making. You have to make deals with the subcontractor and the distributors.

It's a very broad question, and there are different ways to do it...

You might enjoy the details of how Bob Reiss created a trivia type of game around TV Guide, which might help answer your questions... He invented the game, had it produced, and marketed it - all with no up front cash.

You can read the details here...

http://bit.ly/2mQjyaK

(This will download a PDF file.)

Let me know what you think!

Best wishes,

Dien

In addition to the Harvey Reese and Stephen Key suggestions we made over 5 years ago, I think today's must have book is:

https://www.amazon.com/Total-Invento...ing+inventions

I would today, suggest this as the beginner's guide to inventions.

Although, a serious idea/inventor I'm sure has a library full of these books.

Gordon

[Dien Rice]

Originally Posted by unpinkpanther

Thank you, Dien.

I'm really chewing on the report. Gets tastier with each read.

It's straightforward & fills in a few "gaps" Harvey Brody didn't quite elaborate on in the "Answers" report.

Thank you for introducing some of us to a whole new way of thinking about business.

GOD bless you

P.S. About the millions, sure, I can see how this can launch my career in philanthropy. It'll be an honour to work with people like you

Hi unpinkpanther,

Bob Reiss also wrote a book... "Low Risk, High Reward: Starting and Growing Your Own Business with Minimal Risk." I think the book is an "expanded" version of the PDF file...

By the way, here are a couple of other posts I wrote about Bob Reiss and his business model...

How to create a business with zero risk....
http://www.sowpub.com/forum/showthread.php?p=3666

Thanks, a brilliant post! Here are some other examples of this...
http://www.sowpub.com/forum/showthread.php?p=28430

You should also check out this post by Ankesh, which is also really excellent...!

How to obtain capital to start a business to get rich
http://www.sowpub.com/forum/showthread.php?p=28320

Best wishes,

Dien

[Dien Rice]

Originally Posted by GordonJ

In addition to the Harvey Reese and Stephen Key suggestions we made over 5 years ago, I think today's must have book is:

https://www.amazon.com/Total-Invento...ing+inventions

I would today, suggest this as the beginner's guide to inventions.

Although, a serious idea/inventor I'm sure has a library full of these books.

Thanks Gordon - I didn't know about that book!

I'll check it out further...

Best wishes,

Dien

[GordonJ]

Originally Posted by Dien Rice

Thanks Gordon - I didn't know about that book!

I'll check it out further...

Best wishes,

Dien

It is done in graphics. For those in a hurry or the reading impaired.

11 years since Harvey did the QOP, wonder how many fortunes have been made since then by people who were motivated enough to gain a toll position?

Also, best 10 bux a month I spend is at Kindle Unlimited.

Gordon

Originally Posted by Dien Rice

Hi,

If you're doing your own deals, you can of course structure it however you like...

So, the answer is it's up to you how you want to structure it.

It will probably be a matter of deal making. You have to make deals with the subcontractor and the distributors.

It's a very broad question, and there are different ways to do it...

You might enjoy the details of how Bob Reiss created a trivia type of game around TV Guide, which might help answer your questions... He invented the game, had it produced, and marketed it - all with no up front cash.

You can read the details here...

http://bit.ly/2mQjyaK

(This will download a PDF file.)

Let me know what you think!

Best wishes,

Dien

Could you re upload the bit.ly link? The link http://bit.ly/2mQjyaK does not download the pdf as of now.

[Dien Rice]

Hi,

Originally Posted by 250.ct

Could you re upload the bit.ly link? The link http://bit.ly/2mQjyaK does not download the pdf as of now.

Ah, I didn't realize those bit.ly links had a short lifespan!

I'll try to find it again, and post it again... I'm traveling this weekend so it could take me a day or two...

If you consider yourself an entrepreneur, you'll want to check it out...

Best wishes,

Dien

Hi Dien, when will you be able to upload the file?