He Made $100,000 From a Simple Product Idea (Without Manufacturing or Selling It) (Part 2/2)

Millionaire University · Sep 30, 2026 · 29m

#1103 What happens after a company says YES to your product idea — and how much money could you actually make? In Part 2 of this two-part episode, Brien Gearin continues his conversation with Stephen Key, co-founder of InventRight, to break down the process of turning a promising product idea into a profitable licensing deal. Stephen reveals what to expect during meetings with potential licensing partners, how to negotiate royalty rates and protect your intellectual property, and why minimum sales guarantees are essential when signing a licensing agreement. He also shares real-world success…