Monday, October 27, 2008

More Master Resell Rights Profits In 5 Easy Stages

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.

Let me explain master resell rights first. It simply means you get a product, and then have the ability to sell it, and offer resell rights to anyone that buys it. Of course, you may also sell it without resale rights, but having the two options gives you two alternatives to offer. Transferable master resell rights also let you pass on master resell rights to your customers.

A killer product with master resell rights really depends on the market you are in. Ideally, you want an easy to sell product in high demand. If it's an e-book, then selling it and handling orders may be a simple matter, but if you sell a script that requires updates and patches, then customer support may become quite an ordeal.

Usually, a really good master resell rights package is one that you understand, and one that has an excellent price point (good enough that you can make great profits, and not so high that you go bankrupt acquiring it). It should be a good quality product, and one that has not saturated the marketplace.

So, why does no one agree on the best price for selling a package with rights? I think it is because it really depends on the customer's perceptions. Is it a high value product with fantastic benefits, or is it a convenience product that will make life a little more comfortable? The answer will dictate how much you can make on a product.

Make sure the stuff you sell with rights is targeting the same market. When you do this, you can sell a lot of stuff to your customers, and not get them confused with things they have no interest in. Keep it focused, and your marketing will be much more successful.

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.

Another key factor is whether or not you can set your own selling price for your master resell rights packages. If some products demand you sell at an artificially high price, then you will be handicapped in your ability to market effectively.

The products that come with no restrictions are also a problem, since some marketers will do things to make the product be perceived as worthless, and then no one makes any money.

If the packages you acquire have tools to help you sell and promote, it is a huge advantage. Not only do you save a lot of time, but you also get stuff that works right away, that you can apply and see good results.

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.

When you buy a product with master resale rights, you also get the extras - the supporting files, download pages, installation instructions, and so on, to make sales and help others make sales with the product.

And finally, I would like to mention bonuses. If you sell something online, consider adding a related product or service as a free bonus, and you will get customers seeing your offer as more attractive, and they will buy from you more often. It's a proven way to boost profits.

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