​Developing Your Intellectual Property

​Developing (IP) means converting specialised knowledge into a multimedia format or software.  ​(IP) is worthless until it's developed into a product for others to buy or license.  If research has been done to establish demand then it needs to be developed into one or more formats depending on the needs​ of the licensee and end user.

​Personal Knowledge

Personal Knowledge

Your knowledge and experience has real value to others, why not get that knowledge out of your head and into multiple formats?  By doing so, others can gain by reading your book or listening to the MP3 audio version.   If you just want a quick way to get your knowledge and thoughts recorded quickly, use a Google Chrome's free voice to text app.  It's very accurate and easy to use.  


A good way to get your knowledge into a logical format is to orgainise a Q&A interview.  Give your interviewer the questions you would like to be asked well in advance so they have time to familiarise themselves before the interview.  Start with a relaxed introduction about yourself.  Move onto questions about your specialist field with useful Q&As about how to solve common problems.  


Ask someone with a good speaking voice to ask the questions.   If you are meeting the interviewer, use a voice recorder or smart phone to record it.  If it's a remote interview, use something like Skype's ​Pamela.biz​ and a decent USB headset with a boom mic.  Then edit it afterwards with a free audio editor like Audacity.  Once the audio file has been edited, it can transcribed using a service like Rev.com​. 

Training Courses

​Training Courses

If you are developing an IT or web related course you can combine your voice with screen capture videos using   Camtasia for PC or Mac's Quick Time Player​.   If it's a course that doesn't need screen capture, consider developing the chapters of your book to create course segments.   By delivering the course segments monthly derived from the chapters in your book, you are massively increasing the perceived value of your work.  People will pay hundreds or even thousands for a course but normally only a few pounds for a book!


Setup an online course where members pay a monthly fee to access specialised training information from articles, videos, audios, templates, forms, spread sheets, guides, checklists, PPT presentations and other resources.  You don't need large numbers either.  For example 100 subscribers paying £30 a month = £3000.   Then license that course to others as a business model in it's own right.


There are several websites you can upload your course to like Udemy but they usually sell for a low price.  It can work if you sell in sufficient quantity.  If not, you may be better off licensing it to a company who will pay you ongoing royalties each time they use your material to teach their staff or clients in workshops and seminars.  ​

​Workshops & Seminars

Seminars

​​Even if you don't have a large client base, if your workshop topic is in the right niche, you can still market it effectively to your contacts and other businesses that would benefit from attending.  A small workshop of 100 attendees paying £100 each would generate £10,000 less room hire, refreshments and marketing expenses.


When putting on any workshop or seminar consider getting it filmed or at least record the audio.  If filmed you can take the voice sound track from the video file and create an audio product.  Then get the audio product transcribed to create an eBook or report. ​ You now have three products from one recording which can be the nucleus of a course you can license for others to sell.  Another option is to sell the formats separately as products in their own right.  


​Consider up-selling too.  For example, you could license or sell the​ video of the workshop for a higher price by including the MP3 audio file and PDF transcript.  Even if you didn't sell the recording you can use it as a marketing tool.  Break it down into specific subject areas and upload the clips to YouTube to drive traffic back to your website or use different formats as bonuses to promote other products.  To sum up; record whenever you can to develop your content into products you can license and sell.

​Software & Apps

Bespoke Software

​​Consider that bespoke software or app that you had developed for your business that solves a specific problem.  Research the potential demand for other businesses in similar non-competing fields or those that operate in a different geographic area.  


If it works well for your business then why shouldn't it provide the same benefits to others?  Yes, it may need tweaking or modifying slightly to meet a potential licensee's requirements but that can easily be done by freelance software developers on sites like upwork.com, freelancer.com or fiverr.com

​Business Systems

What's Your Story

All of the above software and processes could be used to create a business system ready for licensing.  However, the key to selling your system is to put yourself in the potential user's shoes.   Make it set by step simple with as little room as possible for misunderstanding.   You know everything about your system because you've been using it successfully over a period of time but no-one else does.


​When presenting your system to potential licensees they need to get it instantly without them having to ask constant questions to understand the concept and more importantly, how it benefits them.  Always include a benefit statement of how your system will benefit the user.  If they don't understand it quickly and how it will increase their profits, you will lose their interest and the chance of a sale.

 

​Instead of death by PowerPoint, create a short video of someone using your system step by step and include computer screenshots w​here necessary.  Alternatively, offer a print PDF version for easy dissemination.  Make it concise, explaining how it works and include images of all applicable graphics, forms, spreadsheets, checklists and screenshots.  Also make sure you include your separate benefit statement.


​Free Publishing Tools & Resources

Publishing & Graphics

LibreOffice:  libreoffice.org

Writing assistant:   grammarly.com

​Knowledge compiler:  myknowledgegenie.com

Google translator:  translate.google.com

Notepad & HTML editor:  notetab.com/notetab-light

​Text readability:  readable.io/text

​Text prose editor:   hemingwayapp.com

Synonym suggest tool:  synonym.com/synonyms

​Ezine article database:   ezinearticles.com

​Easy to use graphic software:  Laughingbirdsoftware.com

​Product template graphic design:  ​canva.com/templates

Free photos and images for commercial use:  pixabay.com

Free photos for commercial use:  pexels.com

Online image editor:  Pixlr.com/editor

​Online photoshop image editor:  photopea.com

​Image editing:  gimp.org

Image background burner:​  burner.bonanza.com

Image optimiser:  RIOT

​URL shortener:  yourls.org

Online chart creator: chartgo.com

Infographic creator:  easel.ly

Diagram and flow chart creator:  yworks.com/products/yed

Meme and pie chart creator:  imgflip.com

QR code generator:  qrstuff.com

​Video & Audio


Comprehensive video editor:  Davinci Resolve 14

Comprehensive video editor:   Video Editor x 64

Comprehensive video photo editor:  Cyberlink Director Suite LE

​Teleprompter software:   freetelepromptersoftware.com

Teleprompter software:   easyprompter.com

Video file optimisation tool:  handbrake.fr

Jing screenshot and video recorder:  Jing TechSmith

Screencast recorder:  screencast-o-matic.com

​Chrome screenshot and video recorder:  Awesome Screenshot

​Comprensive audio editor:  Audacity

​Audio book text to speech converter:  aws.amazon.com/polly

Record & upload speech to text:  speech-to-text bluemix.net

​Online text to speech editor:  naturalreaders.com

​Text to speech:  Google Chrome Read Aloud

​Speech to text:  Google Chrome Speechnotes

International conference calling:   ​Freeconferencecall International

​Podcasting:  blogtalkradio.com (Free plan)

​Royalty free music:  audionautix.com

​Royalty free music:  incompetech.com

​Royalty free music:  bensound.com

​YouTube free music:   youtube.com/audiolibrary/music