Making little improvements that haven’t been thought of before can pay the biggest dividends. What are some things we can do?
Copyrights
Books have a copyright. Copyrights last for how many years? It is different in different countries. Worst case is 17 years; best case is the lifetime of the author plus 50 years, and then the family can extend it indefinitely.
You ask how important is a copyright? My estate attorney is the same as for Arnold Schwarzenegger, Steven Spielberg, and a guy named L. Frank Baum. Who is L. Frank Baum? He wrote The Wizard of Oz.
He has been dead almost 90 years and his estate makes $100 million a year in Wizard of Oz costumes at
Halloween.
That is why you should create a copyright and include it in your will. Your estate executive, who takes
care of your will, by contract, hands it off forever and ever. Copyrights keep right on making money long after the original author or creator is gone.
Music Royalties and Rights
The same thing applies to music royalties and rights. The song “Happy Birthday” is still under copyright
and receives huge royalties every year worldwide. Imagine it! And typically the author receives a portion of the song’s revenues while the artist and the record company split the remaining income.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Yahoo! Web Hosting - 25% off for the first 3 months
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Public Domain
Charles “Tremendous” Jones was one of the first to buy rights in the speaking business, and we are doing some business with him. Charles Tremendous Jones talked at all of the big Amway meetings. The first time I saw him he was speaking to 10,000 people. He had public domain books, books from authors who had been dead 100 years, but also great books like James Allen’s As a Man Thinketh. How many of you have read As a Man Thinketh? “Mind is the Master power that molds and makes and Man is Mind, and evermore he takes the tools of Thought, and, shaping what he wills, Brings forth a thousand joys, a thousand ills:—He thinks in secret, and it comes to pass. Environment is but his looking-glass.”
This book is very valuable. All Charlie had to do was write a new paragraph, a preface, and suddenly it was his book; he printed it for 25 cents a book 20 years ago. He had that book, and many other public domain books. What is interesting is Charlie used to say to 10,000 people, “If you can read and don’t read, you are no better than a person that can’t read. And you are going to be the same person you are today, five years from now, except for the books that you read, the tapes you listen to, and the seminars you attend. You have to take my executive book pack; there are ten books, they are worth $10 each, so ten times $10 is $100. Don’t tell my wife, but I am going to give them to you, today, for $25.
All you have to do is put your credit card number on your business card and hand it to me in the back.”
He’d have 16 semi-trucks parked outside. People would run to buy the books he had obtained from
public domain.
Trademarks
Are trademarks valuable? The two most valuable trademarks in the world are Coca-Cola and Campbell’s Soup.
So, trademarks are immensely important. The most valuable asset that Nike has is not its factories or patents. It is the trademark of its Swoosh mark. That mark alone is worth billions of dollars. You can probably think of numerous brands that are known worldwide. You should keep trademarks in mind as you brand your business and products.
One of the best ways to create residual income is creating a product with a copyright, trademark and future royalties and rights. You can even go into public domain to create a new product from an existing product. The key is to get creative by solving problems using new ideas,
Copyrights
Books have a copyright. Copyrights last for how many years? It is different in different countries. Worst case is 17 years; best case is the lifetime of the author plus 50 years, and then the family can extend it indefinitely.
You ask how important is a copyright? My estate attorney is the same as for Arnold Schwarzenegger, Steven Spielberg, and a guy named L. Frank Baum. Who is L. Frank Baum? He wrote The Wizard of Oz.
He has been dead almost 90 years and his estate makes $100 million a year in Wizard of Oz costumes at
Halloween.
That is why you should create a copyright and include it in your will. Your estate executive, who takes
care of your will, by contract, hands it off forever and ever. Copyrights keep right on making money long after the original author or creator is gone.
Music Royalties and Rights
The same thing applies to music royalties and rights. The song “Happy Birthday” is still under copyright
and receives huge royalties every year worldwide. Imagine it! And typically the author receives a portion of the song’s revenues while the artist and the record company split the remaining income.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Yahoo! Web Hosting - 25% off for the first 3 months
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Public Domain
Charles “Tremendous” Jones was one of the first to buy rights in the speaking business, and we are doing some business with him. Charles Tremendous Jones talked at all of the big Amway meetings. The first time I saw him he was speaking to 10,000 people. He had public domain books, books from authors who had been dead 100 years, but also great books like James Allen’s As a Man Thinketh. How many of you have read As a Man Thinketh? “Mind is the Master power that molds and makes and Man is Mind, and evermore he takes the tools of Thought, and, shaping what he wills, Brings forth a thousand joys, a thousand ills:—He thinks in secret, and it comes to pass. Environment is but his looking-glass.”
This book is very valuable. All Charlie had to do was write a new paragraph, a preface, and suddenly it was his book; he printed it for 25 cents a book 20 years ago. He had that book, and many other public domain books. What is interesting is Charlie used to say to 10,000 people, “If you can read and don’t read, you are no better than a person that can’t read. And you are going to be the same person you are today, five years from now, except for the books that you read, the tapes you listen to, and the seminars you attend. You have to take my executive book pack; there are ten books, they are worth $10 each, so ten times $10 is $100. Don’t tell my wife, but I am going to give them to you, today, for $25.
All you have to do is put your credit card number on your business card and hand it to me in the back.”
He’d have 16 semi-trucks parked outside. People would run to buy the books he had obtained from
public domain.
Trademarks
Are trademarks valuable? The two most valuable trademarks in the world are Coca-Cola and Campbell’s Soup.
So, trademarks are immensely important. The most valuable asset that Nike has is not its factories or patents. It is the trademark of its Swoosh mark. That mark alone is worth billions of dollars. You can probably think of numerous brands that are known worldwide. You should keep trademarks in mind as you brand your business and products.
One of the best ways to create residual income is creating a product with a copyright, trademark and future royalties and rights. You can even go into public domain to create a new product from an existing product. The key is to get creative by solving problems using new ideas,
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