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Product creation is usually one of
the first concerns of an internet marketer.
Conceptualizing a profitable idea and formulating a
marketing plan to sell it is a relatively exhausting task.
Not everyone is gifted with the creative juices to come up
with a cutting edge concept.
Fortunately, there’s resale rights marketing.
Many internet marketers actually sell their created
products either because they have squeezed them dry of all
possible earning potentials, or they feel that they’ll
earn more by selling the master rights to the same.
This has paved the way for resale rights marketing, which
is an ingenious method of making profit out of others’
works.
Think of it first in the point of view of the creator.
He’d come up with an e-book that he feels is worth $60.
But his sales would depend on the success of his marketing
campaign.
What if he’d sell the master rights for the e-book
instead to a hundred of his fellow marketers for $25 each?
He’ll earn an instant $2500, which is a surer profit
than the uncertainties involved if he decides to market
his e-book himself.
Now, let’s look at it in the point of view of the resale
rights marketer. He’d buy the master rights for $25.
Granted that he’d share the same with 99 other people,
the internet has a population of 50 million surfers at any
given time. Surely the ratio does not convert to
saturation of any target market.
Additionally, the resale rights marketer can repackage the
product in so many ways that would seem novel and distinct
from how it was marketed originally, or how the other
master rights holders would market it.
It is important to note that there are two kinds of resale
rights.
First, we have the master resale rights that grant you,
basically, every right the owner has, or had.
Second, we have the limited resale rights, which carry
with it certain conditions depending on the license.
Here are five options that a resale rights marketer can
use to maximize the potentials of any products he plans to
resell.
1.Re-brand, repackage, resell.
If the resale rights marketer holds the master rights to
the product, he could name himself as the author, change a
few things here and there, and sell the product as
something new.
2. Buy and sell. The resale
rights marketer can also partake of the most fundamental
principle of profit: buy low, sell high. In our
illustration, the resale rights marketer bought the master
rights to the product for $25. He could sell the same
master rights for a higher amount.
Or better yet, he could sell the product itself to many
interested buyers at a price that he would deem
sustainable and reasonable. Imagine if he succeeds on
selling the product to 90 people for $10 each. That’s
$900 from a $25 investment!
3. Divide and distribute. The
resale rights marketer can also divide the product into
several components, and sell or use them individually. An
e-book, for example, can be broken down to a series of
articles which can be used as auto-responders, e-zine
content, or chapters for other e-books.
4. Use it as a freebie. If
the resale rights marketer holds the master rights to the
product or is otherwise allowed by the license, he could
bundle it with another one to increase the latter’s
value and justify a higher selling price. Or he could use
the product as a freebie in a viral marketing campaign he
is employing.
5. Have it auctioned. If the
resale rights marketer holds the master rights to the
product or is otherwise allowed by the license, he could
have the product auctioned to the highest bidder. This
would allow him to earn more than what he originally paid
for!
There are many other ways by which the resale rights
marketer can earn through this trade. The possibilities
are only limited by his imagination!
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