How to turn your intellectual property into a money-maker

Your intellectual property is a business asset that can grow in value and generate a profitable revenue stream. Many intellectual property assets have potential for future growth and are highly scalable.

Here are five ways to turn your intellectual property into a money-maker and some things to keep in mind:

1. Use your intellectual property

The most obvious way to leverage your intellectual property is to exploit it through commercial activities. This involves offering your products or services in the marketplace, whether as part of your current business or as a spin-off business, such as vertical or horizontal integration. It's important to note that if you don't use your intellectual property, you could also lose any protections you have in place!