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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
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