Earning Side Revenue by Licensing Your Trademark
Licensing by using a trademark is one of the ways to earn side revenue from trademark registration. For example, you want to produce a series of T-shirts and print the name Nike on them. The T-shirts are sport products, and Nike is an important brand, and you can do it. How should you do this process to avoid trouble and being sued? The company Nike asks how many of these T-shirts you intend to produce. You, for example, say 1000 T-shirts. Nike says you should pay them 35 dollars for each T-shirt, and this is the license for you to produce 1000 T-shirts with the name Nike on them. In this contract, you can't even produce 1001 T-shirts!
Such licensing is one of the best ways to earn side revenue with a trademark. It means you can sell the license of the name you registered and publicized in the market. The same thing happens with copyright.
Licensing is a huge business as well. You have registered an appealing trademark, and a shop uses your name, or the character you have made, for its own advertisement and pays you for it.
Why do you find Adidas, Nike and Coca-Cola interesting? It is because you are accustomed to them, and the older they get, the more valuable they become. These are trademarks and recognized brands, and no one can ever replace them in any possible way. You should have a trademark in any country in which you do business.