Sunday, October 26, 2008

Master Resale Rights - 5 Secrets For More Profits

By David Koflinger

Did you know that selling products with master resale rights is a fantastic way to earn an online income? It lets you sell hot selling items, without knowing how to create webpages or products, and yet make a substantial income.

First, let's define master resell rights. It means you can not only sell a product, but also give your customers the right to sell the product as well. You may also sell it without resell rights, and this is often done to allow selling it at two price points - with and without resell rights. If you get transferable master resell rights, then the ability to pass master resell rights can be passed on down the chain of customers.

An excellent master resale rights package really depends on which market you are in, and what your skill level is. If it is an e-book, then it might be quite simple to start selling, but if you get rights to a script or service, then it can be quite involved to handle customer support issues.

For most people, a hot selling master resell rights is one that is easy to maintain, easy to sell, and easy to promote. If you can sell it and make good profits, then you have yourself a winner. The product should not be too old, or too widely marketed online already.

Do you know what the best price is to sell a master resell rights package? It really depends on the remaining four things discussed below. For example, the potential benefit the product offers may greatly impact the price. You can imagine something that turns back the aging clock, or packs a million dollars into your bank account, and how these might be priced differently than a 3 page guide showing you how to synch two ipods on a single computer.

You really want to offer products with master resale rights that fit whatever niche you are targeting. If you buy a lot of unrelated products and try to sell them, you'll find it a lot harder, since people will not understand what you are up to.

High quality exclusive information or products that is new on the market will fetch a higher price than things that are developed without quality control and that have been sold for a long time.

Sometimes vendors will restrict you to a certain price range for their products, or limit how you bundle their products, and this can handicap your ability to differentiate yourself online, and limit the profits you can make.

Getting products with no limits or minimums can be dangerous as well, since some marketers will offer it without making a profit, and that greatly devalues the products so that no one sells much.

Another key benefit is a product that comes with help on how to sell it. If they show you how to market the product and get targeted traffic, it will be a lot easier to succeed than just getting an e-book or software script. Sales pages, graphics, and other extras can make a big difference in the profits you can make.

Speed of implementation is another key factor in how much money you will make. The faster you move and do the effective steps to market your new product, the more money you will make. This means if you have sales pages already made, and articles prepared that you can distribute online, you'll be able to take orders faster, and build your website reputation quicker while becoming the recognized authority for that product.

Another advantage of buying something with resell rights is the extra stuff you get, like download pages, graphics, sales pages, and other tools to help you make profits quickly.

Finally, you should consider offering a bonus with anything you sell online. If you offer a free bonus that is related to the main product, people will perceive higher value, and be more eager to buy. It's a proven sales technique that you should put into action with everything you sell online.

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