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#6
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![]() Hi Millard,
Yes, you are one of the people on the forum who has IMMENSE stored value! What you have is still immensely valuable... There are many ways you can make use of it... Such as... - Sell individual copies of your works... - License them out to someone else, for them to use or sell - Sell the rights (non-exclusively or exclusively) - Use them as "bonuses" to help make sales for other works - Use them as the basis for a membership website Another model, which I've only become aware of recently, is to license out your successful business model to others in the industry... This is what Alex Hormozi did with his "Gym Launch" business. He created a small string of successful gyms... Then he "licensed" out his model to other gyms. Essentially, from what I can tell, in his case it means providing an instructional and coaching service to other gyms... But doing it under a "licensing" model... Kind of like the "franchise" model, except (as far as I know) he takes no ownership in the businesses of his gym-owner customers... Nowadays, Bob Serling teaches something similar... I think Bob Serling calls it licensing your business's intellectual property... In this case, by "intellectual property" he's not referring patents, copyrights, secrets formulas, etc. Instead, he's referring to business processes, systems, training, sales methods, etc., that you've developed... Of course, I'd love to hear how it goes! ![]() - Dien Quote:
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