Licensing Specialist
Startup Costs: $10,000 - $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes
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.
Licensing Specialist Ideas
Editing Service
Does the idea of incorrect grammar drive you crazy? You may be in the runnings for an editing service.
Employee Training
Combine good teaching and management skills for a career in employee training.
Sailing School
If you enjoy the open sea, this business could put the wind in your sails.
More from Business Ideas
He Started a Salty Backyard Side Hustle That Out-Earned His Full-Time Job and Now Makes Over $1 Million a Year: 'Take the Leap'
In 2011, Kyle Needham turned his passion for oysters into a business that saw consistent monthly revenue "right away."
Want to Start a Simple Business That Helps the Planet? After 'One Night's Worth of Research,' He Started an Eco-Friendly Gig And Now Makes $200K a Year
Environmentally-conscious laws are picking up steam across the country. When one went into effect in Zach Cavacas's home state, he saw a lucrative business opportunity. Chances are, a similar law is coming to your state, or is already there.
This Dad Started a Side Hustle to Save for His Daughter's College Fund — Then It Earned $1 Million and Caught Apple's Attention
In 2015, Greg Kerr, now owner of Alchemy Merch, was working as musician when he noticed a lucrative opportunity.