Should I license one product?

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Inventing & Intellectual Property

Commercializing Your Invention

Should I license one product?

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minimegeology

posts: 143

Nov 20, 2008 4:12 PM ET Quote Report Abuse

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Is it a smart idea to think about licensing one of your products to be sold under another brand name if you are still working on increasing your product lines and building your own name and reputation?

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Tracy Barnhart, Owner
Giverny, Inc. / Mini Me Geology
http://www.GivernyOnline.com
http://www.MiniMeGeology.com

minimegeology

posts: 143

Nov 21, 2008 6:16 PM ET Quote Report Abuse

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I think I answered my own question. Only if it fits your mission statement, you can handle it both financially and with development and it will be truly beneficial toward building your overall business.

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Tracy Barnhart, Owner
Giverny, Inc. / Mini Me Geology
http://www.GivernyOnline.com
http://www.MiniMeGeology.com

RetiredMember5

posts: 58

Nov 23, 2008 1:09 PM ET Quote Report Abuse

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Tracy,

There are always options out there. But clearly, you should investigate and determine what is best for your business and situation. You may want to reference our FREE entrepreneur guide that may help you answer some of these questions as we discuss intellectual property issues.

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