173: How to Turn Your Ideas Into Recurring Revenue, with Stephen Key

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 12 May 2016

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

"To build income you can hustle, but to build wealth you need to build something that doesn’t require your hands." That's what this week's guest told me, and then walked me down an interesting path in building that elusive "hands-free" business. His angle? Product licensing.

Full Show Notes and PDF Highlight Reel: How to Turn Your Ideas Into Recurring Revenue, with Stephen Key

Transcript

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0:00.0	Side Hustle Show 173, how to turn your ideas into recurring revenue.
0:05.3	Welcome to the Side Hustle Show, where aspiring part-time entrepreneurs learn how to turn
0:10.7	their side hustle dreams into reality because your 9 to 5
0:14.5	may make you a living but your 5 to 9 makes you alive and now your host Nick
0:20.6	Loper
0:26.0	What's up Nick Loper here? Welcome to the Side Hustle show
0:28.0	for your weekly dose of ideas and results
0:30.0	to our building job-free income streams.
0:32.0	Got a great side hustle for you today,
0:34.0	one that doesn't require big up front, investment,
0:36.0	or even a ton of subject matter expertise.
0:38.0	It's product licensing
0:40.0	when you can turn your ideas into recurring revenue.
0:43.6	I'm joined by Stephen Key from invent right.com and he's going to share how you can get
0:48.0	into this business even if you're idealess at the moment.
0:51.6	You can download a free PDF highlight reel with all of Stephen's top tips
0:54.6	from our conversation and you can find the notes and links for this episode at
0:58.0	Side Hustle Nation.com.
0:59.8	Invent, and we first covered product licensing back in episode 99 of the show where Nate Dallas shared how licensing a game idea of his
1:09.5	earned him and his brother $300,000 in passive income over the course of 10 years.
1:14.5	It's just a fascinating business and Stephen's got some great insights on how to get started.
1:18.6	And before we dive in I do want to take a moment to thank our sponsor for today's episode.
	...

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