Questions about Licensing (New Money From Old Courses)
I went through the 3 hour 42 minute training and took notes. I've got quite some questions that need clarity, and I'm unsure if I understood them right. Before I post them away, is this the right place to ask? After all, I got in F.O.C. Thanks! P.S. heads up, some of the questions might sound dumb. EDIT: updating the Post with the bunch of Qs below: Context: I've created a ton of Courses and Digital Products over the years. To narrow things down, right now I've got: A. A webinar that I sell my paid Course "how to create and sell your own Info Products" aimed at complete beginners B. An Online Course on Facebook Ads - originally made for B2B and offline business owners Here are my questions: 1. You recommend seeking out people in N.E.E.R. (Naturally Existing Economic Relationship) - that can be existing Customers on email list, or even people in our immediate social network. But where I'm in - most people are also vendors on JVZoo, WarriorPlus, etc. thus are used to the Launch and Affiliate Marketing model. Why would they agree to a Licensing deal, when they can just be an Affiliate? From the sound of it, it seems no different than me seeking JV Partners for my launches last time. 2. Also, most of my Customers, or rather most people are newbies thus don't have a strong "Distribution Center" themselves i.e. mailing list. Doesn't this mean most of them won't be a fit for this particular Licensing arrangement? 3. Let's see if I understood this part right: (a) We're NOT charging the Licensee for anything upfront? Instead, he or she sells, and I take a cut e.g. 25% royalty (or whatever we agree upon) (b) The Licensee processes payments through THEIR payment processor? (c) And if yes, how would *I* track so it doesn't lead to trust issues? (d) And what if the Licensee isn't savvy enough to create this payment process and method? While I can offer to setup, it sounds like extra work that goes against the idea of 'less hassles'? (e) What about who gets to keep the list?