Resale rights are the easiest way to make money online. The hard work is already done for you. All you have to do is purchase the product and the resell right to that product, load it up on your web site and you're in business!
There are two basic ways to make money with resell rights. The first is to buy the resell rights to someone else's product and keep 100% of the profit when it sells. The second is to sell resell rights to other people who want to sell a product and keep 100% of the profit.
First you need a basic understanding of the different types of resell rights and what you are allowed to do with them.
1. Basic resell rights. This gives you the right to resell the product but the customer does not have the right to resell it. You keep 100% of the profits.
2. Master resell rights. You have the right to resell the product and to resell the basic resell rights to the product. The customer that has purchased basic resell rights can then sell the product for profit.
3. Private label rights. This is the holy grail of resell rights. When you purchase private label rights, you can make any changes that you want, put your own name on it, sell it for profit or sell basic or master resell rights to the product. It is basically yours to do with as you please but you didn't have to spend hours creating it.
4. Give away rights. This means you can give away the product for free but you cannot edit it or resell it.
5. Royalty rights. This means you have to pay the original owner or author a percentage of every sale made.
Once you have your product, study your competition. Find out what they are doing to market their product and do something different. Make your offer better by throwing in more bonuses or incentives to buy from you. Online customers do a lot of comparison shopping, so you want your deal to be the best.
Start with one product and focus on making it successful. Give it everything you've got. If you have a flair for writing, edit the sales page to make it more attractive. Once that product takes off get another one and repeat the process.
There are a lot of ways to make money with resell products besides putting it on a web site and hoping it sells. You can use it to build an opt-in list. Simply give away a free ebook in exchange for an email address. Then send a ezine to them on a regular basis advertising more quality resell products.
The big advantage of buying resell products is that you learn new things. Read the ebooks and reports that you purchase. There is a wealth of knowledge there. Plus, it is a lot easier to sell a product that you have used yourself.
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