Intellectual Property Service Business

Intellectual Property Service Business Success Stories [2024]

Pat Walls

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Updated: October 8th, 2024

An intellectual property service business offers a unique opportunity to navigate the complex world of IP rights, ensuring creators and businesses protect their valuable assets.

In simple terms, this business involves providing expert guidance on patents, trademarks, copyrights, and trade secrets. The main goal is to help clients secure their innovations, shield their brands, and guard creative works from infringement.

This is an engaging field for those interested in law, creativity, and commerce. As businesses increasingly prioritize intellectual property, the demand for skilled IP professionals is on the rise. This makes it a compelling choice for anyone looking to start a business that combines legal knowledge with strategic planning.

Starting an IP service business requires dedication to understanding intricate legal details, excellent communication skills, and a knack for problem-solving. If you have these traits, this venture could be a rewarding and impactful career path.

In this list, you'll find real-world intellectual property service business success stories and very profitable examples of starting a intellectual property service business that makes money.

1. Dezan Shira & Associates ($18M/year)

Chris Devonshire-Ellis started Dezan Shira & Associates in Hong Kong in 1992 with very little capital. Despite warnings not to go to China, he saw its potential and moved there to explore business opportunities. Through hard work, strategic networking, and innovative marketing techniques such as distributing pamphlets and utilizing the internet, the business grew to become one of the most influential consulting practices in Asia with 28 offices across the region and a turnover of approximately $20 million per annum.

How much money it makes: $18M/year
How much did it cost to start: $2K
How many people on the team: 300

How I Started A $1.5M/Month Law, Tax And Compliance Consulting Business With 28 offices in China And The Rest Of Asia

Asian-focused consulting firm Dezan Shira & Associates, founded in Hong Kong in 1992, has expanded to include 28 offices and a client base of several thousand companies with US$20 million in annual turnover, handling about US$8 billion in foreign investment into Asia, by determined hard work and creativity in marketing, billing structure and hiring equity-dependent staff.

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2. White Bullet ($1.2M/year)

Peter Szyszko, a former intellectual property lawyer, founded White Bullet after realizing the need for efficient processes to differentiate between legal and illegal online content. By using AI and machine learning, White Bullet has developed an IP Infringement Analytics Platform that identifies infringing websites and tracks the advertising funding them. The company has experienced significant growth, attracting clients from the media industry, government, and law enforcement sectors.

How much money it makes: $1.2M/year
How many people on the team: 16

How We Developed A Leading IP Infringement Analytics Platform

White Bullet CEO and founder, Peter Szyszko, discusses how he identified and began targeting IP-infringing websites and apps with his IPI Analytics Platform, which has seen the company grow and expand into new areas such as social media antipiracy and connected TV.

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