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!
shuttle from Midway Glen Ellyn ..When sending mail to clients and potential clients, make your... Read More
Most people have at least one favorite quotation from a... Read More
How do you focus on your urgent e-mail and organize... Read More
Buckling under the weight of chronic corporate restructuring, and frustrated... Read More
Advertising executive Alex F. Osborne first coined the word "brainstorming"... Read More
Counselling non-performing team members is a tough part of any... Read More
How much is your data worth to you? In this... Read More
Have you put a lot of effort, time, and money... Read More
Although dentistry may appear to be different than other types... Read More
Positioning Your Company for Debt Financing:There was a time in... Read More
Never in history have more entrepreneurs launched more new businesses!... Read More
Networking is probably the best way to build a profitable... Read More
The Ten Commandments of Goal Setting While it's good to... Read More
My husband and I were enjoying our dinner meal one... Read More
Most people wish they read more. It is an activity... Read More
One way links will help you gain better rankings in... Read More
Do you know exactly what actions you need to do... Read More
1. Use subheads throughout your ad copy.Subheads are great to... Read More
How do you increase business profits? Answer the following questions... Read More
Are you not sure what Business to buy? Need to... Read More
Many new coaches struggle to attract their first client. Often,... Read More
Web Site Blues? Need one, don't know where to start?... Read More
Whether you are self employed or you work for someone... Read More
Here are ten things that you can do to hold... Read More
mistake #1: rely just on financial statementsProfit and loss, revenue... Read More
shuttle from O'Hare North Chicago ..Almost daily, newspapers, business magazines, radio and television carry reports... Read More
Here are a few ideas to get you started, all... Read More
Imagine if you were going to address a stadium full... Read More
Attraction marketing is about making a customer for life not... Read More
10 Ways to Boost your ProfitabilitySo many business owners work... Read More
Which one are you? An effective IT project manager, able... Read More
How's your business going to keep growing with the holidays... Read More
For most business owners and entrepreneurs, preparing, and communicating the... Read More
Do you know exactly what actions you need to do... Read More
Many businesses lose money yearly because they don't think creatively... Read More
Here are some simple tips to help you improve your... Read More
Are the endless lists of Top-7's and Top-10's taxing your... Read More
Gas prices continue to go through the roof and increased... Read More
Google is the pre-eminent search engine (SE) with no close... Read More
You need sales and you wanted them yesterday. Here are... Read More
1. Use subheads throughout your ad copy.Subheads are great to... Read More
What is Choice Theory (CT)? CT is a theory of... Read More
Your business card is a valuable piece of real estate... Read More
If you are like me, you are living some distance... Read More
The 9-to-5 grind can make you feel like a just... Read More
Are you not sure what Business to buy? Need to... Read More
There are many places you can get books, and I... Read More
What follows is a bold statement, but sometimes it takes... Read More
How do you focus on your urgent e-mail and organize... Read More
1. Admit there is a problem.The very first step in... Read More
Top Quick Tips |