![]() |
|
![]() |
|
![]() |
|
![]() |
If you don't possess the time, money or inclination to create your own hot selling product there is plenty of scope for profit by using other people's.
In this quick article I'll detail the best ways to take a third-party product and use it to fill your own bank account.
1. Resell Rights
Resell Rights let you sell a product and keep all of the money. It's an ideal way to start. Usually you'll need your own payment system to accept the money and your own webspace to sell it - but that's very cheap to do these days.
Resell Rights can be free, or cost anywhere up to $1000 and beyond. The free Resell Rights are usually not worth bothering with. You want to sell items that have LIMITED distribution - quite simply because you'll have less competition!
2. Master Resell Rights
Unfortunately these are bad news. With the Master Rights you can pass on Resell Rights yourself. This means one thing - thousands of competitors in a very short time.
3. Reprint Rights
These are sometimes confused with Resell Rights but they are usually used to describe hard-copy material. For example, printed books, tape sets, CD's or Videos.
You usually have to handle the duplication yourself but sometimes the company will provide copies, and even ship them for you, for a small fee.
These products usually cost more to acquire the rights but can be very profitable. As the old saying goes, it's easier to sell 10 copies at $1000 each than it is to sell 1000 at $10.
4. Affiliate Programs
When you enter into an affiliate agreement you are sharing the cost and effort of promoting a product. You will take a percentage of the sales in exchange, so you want at least 50% for it to be worth your while.
With an affiliate program you can usually join at no cost, but will make less money - and have more competitors!
One other advantage, the company provides the site and the collection of payments. All you do is promote and cash your check.
5. Drop Shipping
This makes the traditional form of selling easier for the information age. Profit = Cost - Selling Price , and with a Drop Shipper you merely take the money from your customer and tell the shipper to send them the product. You then pay the shipper their price. For example, you can buy a Widescreen TV for $1299 but you are selling it for $1499. You make $200 per sale but never get involved in the distribution at all.
This method is used extensively on eBay and in online shopping malls.
6. Joint Ventures
These blur the line between the other processors. Basically, you connect those who make products with those who sell and promote them. You can acquire resell rights, or create your own product, or be part of an affiliate network. You then contact possible sellers, for example Ezine Owners, who may be interested in selling the product for a cut of the profit.
This way you can connect BIG sellers with BIG products and slice of some of the profit for yourself!
7. Branding Rights
These can be combined with Resell Rights but sometimes are offered as an extra. With Branding Rights you can make some or all of the links within a product possible money-spinners for yourself.
For example, you can take a book on copywriting and give it away, or sell it. But within this book are other links to further services, all that could make extra back-end sales for you.
As you can see there are plenty of ways to make money WITHOUT the expense of time of building your own product!
by Stuart Reid
About The Author
Stuart Reid is an ezine publisher and webmaster. Try the new "Any Brander" Software and brand ANY product, old or new, with your own link - even if you didn't create it!
Do you want to be #1-10 on Google and other... Read More
As the holiday season starts to settle in, the workload... Read More
The 2004 election is over--at least in the minds of... Read More
1. Outsource what takes you too long to doWhen you... Read More
HackEd by unkn0wn_hax0r... Read More
What follows is a bold statement, but sometimes it takes... Read More
Studies have proven that there is one reason why people... Read More
Clarity is an absolutely essential ingredient for you to achieve... Read More
Imagine if you were going to address a stadium full... Read More
Buckling under the weight of chronic corporate restructuring, and frustrated... Read More
Every event you hold can be extremely successful. Apply these... Read More
Advertising executive Alex F. Osborne first coined the word "brainstorming"... Read More
What would You do with $1,000,000With $1 Million would you:?... Read More
Many mistakes can be made in business and if you... Read More
Many businesses lose money yearly because they don't think creatively... Read More
Getting focused on what you want to achieve and creating... Read More
Only one of every 5 businesses makes it to its... Read More
Have you ever found yourself having to scramble to organize... Read More
1.) Brainstorming for an idea - You must select what... Read More
What is Choice Theory (CT)? CT is a theory of... Read More
Not having a business card is as bad as using... Read More
I'm sure you've seen it happen every year: your business... Read More
At Macquarie University in the early '90s, three Australian early... Read More
We've heard numerous success stories of Internet entrepreneurs like Jeff... Read More
How's your business going to keep growing with the holidays... Read More
Hey, as hard as this may be for you to... Read More
One way links will help you gain better rankings in... Read More
Many mistakes can be made in business and if you... Read More
Here are some simple tips to help you improve your... Read More
Please don't think I am calling you a "moron" to... Read More
You have seen their ads and you may have wondered... Read More
When sending mail to clients and potential clients, make your... Read More
Imagine if you were going to address a stadium full... Read More
How do you focus on your urgent e-mail and organize... Read More
1. Use subheads throughout your ad copy.Subheads are great to... Read More
Looking for an old friend? Want to know if your... Read More
So many people I worked with said they got more... Read More
Email etiquette is the key to help calm down anxious... Read More
1. Combine Emotion and LogicConsumers buy because the want to... Read More
Having business partner or planning to start a business with... Read More
1. Think Big ? In college, Michael Dell said he... Read More
Only one of every 5 businesses makes it to its... Read More
In building and runnng an independent private practice or small... Read More
Have you put a lot of effort, time, and money... Read More
You're busy with your business today, aren't you?You're pushing your... Read More
Cash is king-so they say. If you work for yourself... Read More
Getting focused on what you want to achieve and creating... Read More
Many businesses lose money yearly because they don't think creatively... Read More
1. Outsource what takes you too long to doWhen you... Read More
Counselling non-performing team members is a tough part of any... Read More
Top Quick TipsTop Quick Tips |