Here are five ways you can profit from resell rights products.
Resell the product
The first way is obviously to resell the product. This is the most direct way to profit after purchasing rights to resell a product.
Up sell a related product
However, there are many other ways to profit from resell rights products. You just need to brainstorm and think of some ways. For example, you can up sell a related product. This approach does not take up too much of your time yet can provide a sizable stream of extra income which you would otherwise not have if you have not taken this step.
See, if you are selling a resell rights product for $29.95, you can up sell a related product for say another $17. Thus in one sale, you can get $46.95 instead of just $29.95. An increase of $17 may not be much but imagine if you can sell another 100 sets at $17, you will be able to receive $1700, enough for a nice vacation.
Another way you can do so is to up sell using a 'One-time-offer' when your customer has purchased your first product. You can say that this product B is offered at a 40% for a limited time to customers who have purchased this product A.
Repackage the product
If you have rights to several products, you can resell one product and place the rest of the related products and create a membership site. This allows you to create a stream of recurring income. In addition, you can also repackage a series of resell rights products into a subscription service whereby subscribers can get a new product every month. This works well for niches such as home maintenance, weight loss, goal setting services.
By repackaging and adding additional value to your single product, you can also command higher prices for your repackaged products.
Resell the rights to the products
If you own the master resell rights to a certain product or series of products, you can sell the rights to others to resell the products. For instance, you can offer two options to your customers. Your customers can purchase your product for $97 but for an additional $20, they can own rights to resell your products to customers on their list. So for a small investment of $117, they can reap profits of $97 continuously. Most marketers who have a list of subscribers will very often take up this offer.
Use as Joint Venture to Build Your List
If you have a list of subscribers, you can use your resell rights products to create joint-ventures with other people to sell to their list. In this way, you can earn a nice profit and build your list at the same time.
Do not leave money on the table when you have a valuable resell rights product you can resell to your customers. However, a word of caution is to always check the fine print. Read your license agreement and make sure that you are allowed to use any of these methods to create an extra stream of income from your resell rights products.
Resell the product
The first way is obviously to resell the product. This is the most direct way to profit after purchasing rights to resell a product.
Up sell a related product
However, there are many other ways to profit from resell rights products. You just need to brainstorm and think of some ways. For example, you can up sell a related product. This approach does not take up too much of your time yet can provide a sizable stream of extra income which you would otherwise not have if you have not taken this step.
See, if you are selling a resell rights product for $29.95, you can up sell a related product for say another $17. Thus in one sale, you can get $46.95 instead of just $29.95. An increase of $17 may not be much but imagine if you can sell another 100 sets at $17, you will be able to receive $1700, enough for a nice vacation.
Another way you can do so is to up sell using a 'One-time-offer' when your customer has purchased your first product. You can say that this product B is offered at a 40% for a limited time to customers who have purchased this product A.
Repackage the product
If you have rights to several products, you can resell one product and place the rest of the related products and create a membership site. This allows you to create a stream of recurring income. In addition, you can also repackage a series of resell rights products into a subscription service whereby subscribers can get a new product every month. This works well for niches such as home maintenance, weight loss, goal setting services.
By repackaging and adding additional value to your single product, you can also command higher prices for your repackaged products.
Resell the rights to the products
If you own the master resell rights to a certain product or series of products, you can sell the rights to others to resell the products. For instance, you can offer two options to your customers. Your customers can purchase your product for $97 but for an additional $20, they can own rights to resell your products to customers on their list. So for a small investment of $117, they can reap profits of $97 continuously. Most marketers who have a list of subscribers will very often take up this offer.
Use as Joint Venture to Build Your List
If you have a list of subscribers, you can use your resell rights products to create joint-ventures with other people to sell to their list. In this way, you can earn a nice profit and build your list at the same time.
Do not leave money on the table when you have a valuable resell rights product you can resell to your customers. However, a word of caution is to always check the fine print. Read your license agreement and make sure that you are allowed to use any of these methods to create an extra stream of income from your resell rights products.
Cindy Siow is the owner of the website MyFirstMagicButton.
MyFirstMagicButton is a system that enables virtually anyone to create an extra stream of passive income right from the comfort of their home.
It's like having your own 'magic button' where you can spin off cash almost like clockwork.
MyFirstMagicButton is a system that enables virtually anyone to create an extra stream of passive income right from the comfort of their home.
It's like having your own 'magic button' where you can spin off cash almost like clockwork.
Posts
0 comments:
Post a Comment