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for complex hustle Im Brian Hanley there are plenty of good business models out there and were not gonna cover every single one of them today instead were gonna focus on one type of business model that I prefer to the rest because it generally requires the least amount of effort on the part of the entrepreneur the business model that Im referring to is called licensing essentially it means that youre selling another company the right to sell your product and youre receiving royalty payments in exchange why would you want another company to sell your products for you well maybe because you dont know the first thing about manufacturing markers and crayons so if you have a revolutionary new product that will transform how markers are used you might want to patent it and sell kreyl your patent this way you dont ever have to get your hands dirty and you can sit back and collect royalties every time Crayola sells one of your new devices not too shabby right now the downside of lice
