What The Dusty Resell Rights Products Are Worth?
If you were to dust off your hard drive, however, and find all of those products that have resell rights or private label rights that you’ve been collecting, you probably have a fortune. You may even have more than several years’ worth of your salary sitting there on your hard drive, collecting virtual dust. If you play your virtual cards right, you could be sitting on millions of dollars.
One of the beautiful things about computers and the Internet is that there really are no limitations. This includes how much money one can make. When dealing with resell rights products, you have the potential to make even more than someone who creates products because you don’t have the expense of time or money invested into product creation. It’s already done – all you have to do is sell it.
There are several ‘tricks’ that one must know to be successful with resell rights products however. The first trick is to fully understand the resell license. All product creators are created equally – but do things in very different ways. Don’t ever assume that just because you’ve read one resell license that you know what all resell licenses say – you don’t.
Each resell license is different. Some may grant you the right to change the price. Others may grant you the right to re-brand a product. Some may have very specific allowances and disallowances concerning how the product is marketed. You won’t know unless you read each individual license. You need to know exactly what rights you have purchased when it comes to any product.
The next trick is to group your resell products on your computer. Create files for different topics. Create file within files for sub-topics. Keep them organized. This will not only save you loads of time later, but this organization also opens up new revenue streams for you, as you will learn later. Keep the license with the product it belongs to.
You need to know what you have, and how it can be used. You may want to set up a spreadsheet for this. Learn how to use the spreadsheet software on your computer, and start listing your products. You can create new spreadsheets for each topic for better spreadsheet organization (look at the bottom of the spreadsheet window to create a new spreadsheet within a spreadsheet).
Ideally, you will create fields on your spreadsheet that will tell you whether or not the product can be offered as a bonus, what the sale price required by the product creator (if any) is, the topic and/or subtopic of the product, how many pages (for ebooks) are in the product, and other pertinent information. Again, this will save you loads of time later, and will actually help you to become more profitable later on.
You have to approach this as a full-fledged business. This isn’t a hobby. It isn’t just a way to make a little extra income. This is an actual full income-earning business, and again, you must see it that way. If you don’t, you most likely won’t organize things they way that they need to be organized, and you most likely will not have the success that you could or should have with your resell rights products.
Along with this grouping that you are doing, you also need to be on the lookout for free products that pertain to your topics. These free products should be products that you can also give to others for free. These products can be used as lead-ins to build an opt-in list, or as bonuses to really dress up your resell rights product packages.
Place these free products inside the folder of the product that it belongs to, but create another folder inside of that folder for the free products, so that you are aware that these are the free ones. Don’t expect to remember what is what when you have hundreds or thousands of products on your hard drive!
This organization takes time. It may take a few hours, a few days, or even a few weeks depending on how many resell rights products you have collected over the years – but as you will see, it will be time well spent.
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