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Consulting Intellectual Property: How To Sell, Rent, & License Your IP

Consulting Success

If you’re a consultant, you’re sitting on a gold mine of opportunity. In this article, I’m going to share some “shovels” with you that can help you to extract some of that gold — and open up new profit centers in your consulting business. We call this the Ultimate Licensing Formula.

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A Short Rant About AI and Intellectual Property Theft

Johanna Rothman

That means these models have committed intellectual property theft. But here's the thing: if the LLMs can steal my intellectual property, what will they do about yours? You'll learn as you do so, and not have to worry about your intellectual property. Create your own art.

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Consulting Tip #7: Beware of Other People Using Your Intellectual Property for Their Exposure

Johanna Rothman

No payment for my time or my IP (Intellectual Property). They wanted my intellectual property for their exposure. I said this in the Successful Indepentent Consulting book : People die of exposure—both hot and cold. Yet, I suspect some new consultants will take them up on their offer. I declined their offer.

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Consulting Tip #6: Use Your Intellectual Property to Build Political Capital

Johanna Rothman

Then I read Lorin Hochstein's brilliant assessment in On productivity metrics and management consultants. McKinsey wrote that report as a way of using their intellectual property (IP) to build political capital at the client. All of us consultants can do the same. Not a consultant who can do X, Y, or Z.

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From Consulting and Coaching to IP: How to Create, Protect, and Monetize Your Unique Body of Work with Erin Austin

Consulting Matters

Have you ever wondered about the untapped potential of your intellectual property? Get ready to explore this goldmine with our special guest, Erin Austin, an attorney, business strategist, and expert in helping entrepreneurs create, protect, and monetize their intellectual property.

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Figuring Out Your Billing Rate as an Independent Consultant

Successful Independent Consulting

Most consultants tend to use an hourly rate anyway, because it’s the easiest to figure out, there’s less risk of undercharging, and it’s what most clients are used to. Do an internet search such as “typical hourly rate for change management consultant in [your location].”

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Manage Your Intellectual Property

Johanna Rothman

The company hires you, pays you a wage, and in return, your intellectual property belongs to them. Books and consulting are all different beasts. You can create consulting services and deliver them by yourself. Every time you create something, you create intellectual property.