7 Ways To Profit From Other Peoples Products

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


http://www.netpreneurnow.com

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!

http://v3k.net/anybrander

[email protected]

In The News:

Here is the ‘American Idol’ top 7  Atlanta Journal Constitution
The Best Foods for Runners  Shape Magazine
Top 7 most toxic plants found in Ontario  www.insideottawavalley.com/
The Top 7 PPC Strategies for 2019  Social Media Today

The Benefits Of Helping An Online Business Newbie

Do your remember when you first ventured out in the... Read More

7 Things You Can Do To Weather The Lows Of A Business Cycle

Hey, as hard as this may be for you to... Read More

Managing Your Major Sales - 7 Steps That Could Change The Way You Pursue Business

Ever lost a sale you thought was in the bag?... Read More

Top Ten Ways to Develop New Success Habits

1. Make a clear, specific commitment to what you want.... Read More

How To Finally Unlock Your True Potential And Discover The Secret To Lasting Success

Did you know that there is one critical difference between... Read More

Get Your Mailing Noticed - Seven Tips for Effective Direct Mail Pieces

When sending mail to clients and potential clients, make your... Read More

Ten Tips For Starting A New Job

1. Get to know people. First meet those people in... Read More

#1 Key To Select Right Business Partner

Having business partner or planning to start a business with... Read More

Ten Tips for Cross Cultural Communication

Here are some simple tips to help you improve your... Read More

Ten Steps To Better Listening

Talking is the least important half of any conversation. Listening... Read More

Top Ten Tips for Online Publishing Success

Use the checklist below to make sure your article, tip,... Read More

7 Online Banking Success Stories

You have seen their ads and you may have wondered... Read More

Famous Business Strategies

Either simply a looker-on or a player in the world... Read More

10 Tips for Effective Proofreading

Proofreading may not be terribly fun, but it's one of... Read More

Seven Keys to Get Out of a Rut

Rut -- a routine procedure, situation, or way... Read More

How To Use Bartering To Gain An Advantage Over Your Competition

If you have a business on the Internet you should... Read More

The Top Ten Ways to Stop Procrastinating Now

10. Procrastination Condemnation - Lose the Labels! All those things... Read More

Surviving When Clients Arent Rolling In

As the holiday season starts to settle in, the workload... Read More

7 Reasons You ARE Your Own Best Product, or Lessons From the 2004 Presidential Election

The 2004 election is over--at least in the minds of... Read More

Want a Web Site that Turns Lookie Loos into Buyers? Seven Passion Copywriting Tips

Web Site Blues? Need one, don't know where to start?... Read More

Top Seven Reasons to Publicize your Business with Articles

Do you want to be #1-10 on Google and other... Read More

Top 10 Items For A 21st Century Toolbox!

Skilled workers of every age have prized their tools. I... Read More

7 Keys to Running a Successful Business

Although dentistry may appear to be different than other types... Read More

Home Furnishings in India : How to Find an Exporter,manufacturer or Supplier ? Beyond a Database.

Looking for a manufacturer or supplier of home furnishings in... Read More

10 Incredibly important business basics EVERYONE needs to know BEFORE they start a business!

In my career, I have had a total of 3... Read More