There are few faster or more profitable ways to grow your business than by licensing your proven concept business, patents, trademarks, copyrights, designs, and other intellectual property to others. Licensing lets you instantly tap the existing production, distribution and marketing systems that other companies may have spent decades building. In return, you get a percentage of the revenue from products or services sold under your license. Licensing fees typically amount to a small percentage of the sales price but can add up quickly.
Licensing offers three major advantages. First, you have a proven business model and want to expand nationwide. Second, it may mean you have something unique your competitors don't. And third, it may mean getting a little better margin because it's unique.
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