Resell rights products. If you have been online for any length of time then you have probably accross them.
Most likely, you already know that they are a quick and easy way to make money on the internet because they save you the time and effort it takes to create a winning product.
However, what you may not know is that there are 5 critical things you must absolutely know before you purchase any resell rights, otherwise you might end up wasting your time and money.
Knowing these 5 things will help you select products that will be profitable for a long time while enhancing your reputation and making your customers happy at the same time.
So let us get into them!
1. The first thing you need to be aware of before you buy a resell rights product is whether or not there is a market for the product you plan to buy.
There is nothing more futile or time wasting than buying rights to a product and investing time preparing to sell it when no one wants to buy it.
But how is it possible to choose a product that no one wants to buy? Well, the problem arises mostly because of niche marketing.
Niche marketing can be very profitable and a huge number of people make good money doing it.
But if you are not really an expert at it, it is very easy to find yourself trying to sell a product that only a few people want to buy.
And if that happens, you may make a few sales, but you certainly will not build a sustainable online business.
So what is the solution? Well, to be candid with you, the best resell rights products to buy are those that really huge markets want. These are markets like Health, Make Money, and Relationships/ Dating.
With such huge markets, you only need a tiny percentage of the people to become your customers for you to build a real and solid online business.
So when you buy resell rights products, it would be wise of you to buy products that you can sale to people in these markets.
2. The second thing you need to be aware of before you buy products to resell is whether or not the specific product or package you plan to buy allows you to use it in the way that you intend.
What does that mean? Well, if you want to give your product away for free for example, then you need to make sure that the product you buy comes with rights that allow you to give it away for free.
Or, if you plan to include the product in a paid membership site, you need to make sure that you are allowed to do that.
Fortunately, most quality resell rights products will clearly reveal how you can use it before you buy it.
3. The third thing you need to be aware of before buying rights to a product is whether the minimum price that you are allowed to sell the product for is profitable for you.
Most resell rights products require that you sell the product for no less than a specific amount.
This requirement is usually put in place by the product creator to ensure that the value of the product is maintained in the market.
That way, the product creator can continue to make money by selling rights to more and more people.
So how can you tell if a product will be profitable for you? Let me give you an example. Let us imagine that the minimum price you are allowed to charge for a product is $27.
If your marketing budget is only $200 dollars a month then that product may most likely be unprofitable.
You would need to make too many sales before you became profitable. If your marketing skills are not yet that good, you may spend $200 and only make 8 sells. That is $216 if my maths is correct. A profit of only 16 bucks.
Needless to say, such small profits would see you go broke and out of business in record time flat!
So in this specific scenario, it would be much better to buy rights to a product that you can sale for a minimum of $97 or so.
That way, you would not need to make too many sells to recoup your money and become profitable. See the sense in that?
4. The fourth thing you need to be aware before you buy resell rights products is whether or not that product is over promoted.
If too many people are promoting a product it will be very difficult for you to make money selling it.
Even if you just plan to give it away in order to build a list, the product may not attract prospects because many of them would have seen it before and would probably have read or used it already.
So how do you know if a product is over promoted? Here is a simple but time tested method that I use and has worked for several other people.
Simply type the name of the product you plan to buy into Google in quotation marks.
So if the name of a resale rights product is Sure Fire Article Writing, type that name in "Sure Fire Article Marketing" into Google.
This will only bring up pages that have this exact name and will reveal to you how many people are promoting the product.
If you find too many pages of websites promoting the product, I suggest you stay away unless of course you are thoroughly confident that your marketing skills will enable you to rise above the crowd.
5. Lastly but not least, before you buy rights to a product, you need to know whether or not it is of high quality.
Nothing can kill your online business faster than selling low quality products.
People will buy from you the first time if your marketing is good but they will not come back the second time.
They will forever shun your online business and become fiery evangelists of the uselessness of your product. So only buy and sell rights to high quality products.
You can easily check for quality before buying by searching for product reviews and asking questions at relevant forums.
So there you go!
You now know the 5 things you need to be aware of before you spend ANY money on resell rights.
Feel free to print out this article so that you can whip it out whenever you want to buy rights to a product. It will help you buy products that will be profitable for you.
And that will only help your online cause.
To Your Success
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