What's new

Product Licensing

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Live your best life.

Tired of paying for dead communities hosted by absent gurus who don't have time for you?

Imagine having a multi-millionaire mentor by your side EVERY. SINGLE. DAY. Since 2007, MJ DeMarco has been a cornerstone of Fastlane, actively contributing on over 99% of days—99.92% to be exact! With more than 39,000 game-changing posts, he's dedicated to helping entrepreneurs achieve their freedom. Join a thriving community of over 90,000 members and access a vast library of over 1,000,000 posts from entrepreneurs around the globe.

Forum membership removes this block.

mtnman

Regular Contributor
LEGACY MEMBER
Joined
Oct 3, 2007
Messages
1,743
Rep Bank
$1,255
User Power: 28%
I've been doing a bit of research on different types of product licensing and marketing, with intent of marketing a product online. I've never done this before and I'm getting a bit confused by what I'm finding. If anyone could give me some pointers or knows of any helpful resources, I would really appreciate it.

First off, I'm not trying to reinvent the wheel. For my example, I'll say I want to sell my own brand of shampoo and a skin ointment. I really only wish to market one product, but reasoning for both is the difference in opinion that I'm running into and don't understand.

For example, both products are topicals, but are differentiated by their implied use. Neither are intended to be consumable items. Where I'm getting lost is I'm finding that it's a fine line between an everyday use product and an implied use product. Such as, a skin ointment has an implied function, as to heal, improve, correct, etc...taken much more seriously by the many government regulation divisions. Whereas, shampoo's are not, for the most part.

Now that you get the idea of a general description, what determines the guidelines for something like this. I see things sold everyday online that aren't FDA approved, yada yada yada. Where are the legal guidelines in this arena? And how do you plan for a lasting business in the beginning, not just some "let's see if we can get away with moving 35k of Xwidget before shutting the doors"?

In trying to assume an accurate an ethical business plan, is there a proper procedure to follow for this particular category of products?

The way I understand it, if I were talking about 'consumable items', this would be a whole different ballgame. Does any of this sound accurate for those that may be seasoned a little bit?

Thanks in advance!
 
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts

Ready to Unleash the Millionaire Entrepreneur in You?

Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.

With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.

Become a member and gain immediate access to...

  • Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
  • Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
  • Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
  • Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.

"You are the average of the five people you surround yourself with the most..."

Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!

Join Today

Welcome to an Entrepreneurial Revolution

The Fastlane Forum empowers you to break free from conventional thinking to achieve financial freedom through UNSCRIPTED® Entrepreneurship where relative value and problem-solving are executed at scale. Living Unscripted® isn’t just a business strategy—it’s a way of life.

Follow MJ DeMarco

Get The Books that Change Lives...

The Fastlane entrepreneurial strategy is based on the CENTS Framework® which is based on the three best-selling books by MJ DeMarco.

mj demarco books
Back
Top Bottom