Michael Harris asked: When considering an online venture, for newbies and old pros alike, resale rights are an incredibly cost and time efficient way to get started.
They are one of the best ideas to ever be conceived for Internet marketing and many thousands of people have made a small fortune and continue to make a good living from resell rights.
There are two basic ways to make money with resell rights:
1) You can buy resell rights to someone else’s product which will give you the right to sell it and keep 100% of the profits.
2)You can sell resell rights to one of your own products to others who want to have rights and keep 100% of the profits.
With that said here are the reasons resell rights are such a good idea.
First, if you have no time, experience, are too lazy to create your own product or simply want to get started with making money on the internet as soon as humanly possible you can simply buy resell rights to an existing product (which will usually come with an already made sales letter and graphics), upload the product to your site and voila! You’ve got your own online business!
Buying resell rights allows a person to literally start their own online business in less than a day…in fact, for those with the right skill set it can take as little as an hour!
All the big names in Internet Marketing make big bucks selling high ticket items. $97 e-books, $197 software and even $997 DVD courses. Unfortunately, unless you are already an expert you probably don’t have the experience and knowledge to create such high priced products.
But when you purchase resell rights to one of these products you have an instant business with a high profit margin.
Second, if you have already created your own product selling resell rights can be even more profitable than buying them!
Because resell rights are the absolute easiest and fastest way to start an online business, a lot of people are buying resell rights.
In fact, most people that buy resell rights usually buy resell rights to more than one product. Instead of buying the rights to just one product and setting up one online business, why not buy a whole bunch and set up a lot of businesses?
And that is exactly what a lot of people that buy resell rights do.
So we have established that resell rights are a hot commodity and a lot of people are looking to buy them. That’s one reason to start selling resell rights.
But the main reason why selling resell rights to your own products is so advantageous is because of the profit margin.
You can sell resell rights for anywhere from just $10 to $1,000 or more! It’s a great way to make a lot of money fast.
Because when you sell resell rights, you are not selling an ebook or course. You are not teaching people how to do something. In essense what you are doing is actually selling a business that people can actually start making money with!
And in most cases, giving somebody a business they can actually make money with is a lot more valuable than simply telling them how to create it themselves.
Let’s take a look at the different types of resell rights available for sale. Here are the main kinds.
* Basic Resell Rights
You have the right to resell the product but your customer does not have the right to resell it to another. You keep 100% of the profit after every sale you make.
* Master Resell Rights
You have the right to resell the product as well as the Basic Resell Rights to your customers. Your customers can in turn resell the same book to their customers. The Master Resell Rights can either be bundled together with the purchase of the product or purchased separately from the product. Master rights are great when used as an upsell!
* Private Label Rights
This is the grand daddy of all resell rights! Buying Private Label Rights usually give you the right to change the product in any way you like, put your own name on it, sell resell rights or even master resell rights to others and basically use and treat the product as it were your own creation.
* Give Away Rights
You can give the product away for free. In most cases, however, you cannot resell and/or edit it.
* Royalty Rights
You have to pay the original product author or franchisor a percentage of every sales made by you. This right normally applies to physical products. McDonald’s and books found in bookstores are very good examples that demonstrate this right.
As with any purchase, always read the resell rights agreement as put forth by the seller before buying any rights package because they may have specific rules for the selling of their product.
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