Reselling products and/or services is considered one of the most lucrative and easiest way to earn profit. For one, the headache and expense of product conceptualization are eliminated. The term "reselling" may be foreign to some yet familiar with the other terms such as affiliate marketing, direct selling or multi-level marketing. All of these business strategies inherently resell products.
Kinds of Resell Rights
- General resell rights. It is the ability to resell the product as is
- Master resell rights. It has more flexibility as to how the product will be used. It may be sold with your own price setting, can be given away, can be bundled with other products, can be sold in auction or membership sites.
- Private label rights. It is the most flexible of all resell rights and allows total control over the material. Some rights may include the following:
[YES] Can be given away
[YES] Can be packaged with other products
[YES] Can be sold at any price you wish
[YES] Can be offered as a bonus with other products
[YES] Can be edited completely and your name put on it
[YES] Can be added to membership sites
[YES] Can sell Resale Rights
[YES] Can sell Master Resale Rights
[YES] Can sell Private Label Rights
- Can be done anywhere where internet access is present.
- Transaction can be done 24/7.
- Less inventory
- Less expense on product conceptualization
- Resell the product, a direct way of profiting from the products you have purchased. Reselling a product does not require a website. Forums and online marketplaces have buy and sell areas to which you may advertise and sell products.
- For master resell rights owner, resell your resell rights to the product. Instead of selling the product only, include in the package your resell rights. This will increase the value of the product as it allows the purchaser or customer to resell also the product.
- Resell through your mailing list, if you have one. A discount offer will more likely entice your list to make a purchase.
- For private label rights (PLR) owner, you can rewrite or hire a rewriter to alter the product to differentiate its value from others who may own the same product and rights as yours.
- Bundle the product with other resell products. Check though the rights included in the product if it allows bundling with other products.
Internet has become an important media for businesses and more and more earning opportunities have evolved. It is but wise to take a look at how one can earn through reselling and the rights associated with resell products.