A resale right, gives you the license to sell a product you didn’t create, when you purchase a product resale right, you get rights to sell the product as a vendor. This quite different from affiliate marketing where all you have to do, is send the buyer to the vendor. Now you have to think about traffic generation as well as managing the payment processing and downloading of the product. Below is a general guide that will get you started.
Learning how to make money with resale products rights can be great way of adding another stream to your online portfolio, although this requires a bit of work, in the end you’ll find the challenge fun and rewarding.
This is an income opportunity that is absolutely scalable, you can set targets as to how much you want to make from your resale rights business.
Setting it Up:
Purchase a Product with Resale Rights: When it comes to deciding on what sort of products to purchase, digital products come first. Digital products are products such as software and e-books. These products don’t come with the hassle of physical products where you have to worry about having the product in stock or delivering to your customers. Digital products do not diminish and all your customers have to do is make payments and download them(the products) to their desktops.
In selecting which the product, that you intend purchasing resale rights to, make sure it is a product that is still hot and in demand, i.e one with a ready market, or it’s on a topic a lot of people are still interested in. Avoid the mistake of riding on a falling tide, that is purchasing resale rights to a product that is fading or is about to fade.
Getting A domain Name and Hosting: This is rather obvious, you’ve got to get a domain name that stands you out, it should be something closely related to the product you want to sell, .com’s are by far the most popular and brand-able domain name extensions. You can get a domain for as low as $10 on Namecheap and affordable web hosting over at Bluehost. And when you buy Hosting at Bluehost, you get a free domain as well.
Payment Processing and Product Delivery
They are several payment processors from which you can choose, your eventual choice should be flexible enough to meet your needs. When it comes to payment processing PayPal is a popular choice, but you can opt for other payment processors such as……
You also need a system to handle the downloading of your products, and e-junkie is an example of an excellent and yet affordable service you can make use of, with e-junkie hosting your product is efficiently taken care of.
Upload your Sales and Thank you Pages:
One of the many advantages of buying the resale rights to a product, is that coming with your rights purchase are already designed product sales pages with graphics included. This is great because it saves you the hassle of having to go about designing your own product sales page or product graphics, because they are already provided. All you have to do is upload these files via your favorite ftp client such as the free ftp program Filezilla.
Adding op-tin Forms: Not every visitor to your sales page will end up making a purchase, so you need an efficient way of getting as many visitors as possible to opt in to an offer, so you can build a list of people interested in your product topic. This can be a free report about your product topic. Once your offer is ready, you can use a service like Aweber or mailchimp to capture subscriptions to your list.
Getting targeted traffic to your website: Now that your site is live, you will need some targeted traffic so we can start making some sales. And they are quite a few options to choose from, depending on your budget. You can go for pay-per-click search engine ads, with Google AdWords or Bing search advertising. Or you can opt for solo ads with e-zines related to your niche. Finding a e-zine in your niche, they’ll allow you send e-mail advertisement which will go out to all subscribers of the e-zine, this may be costly but very effective, since you are presenting your offer to a very targeted audience. Other ways you could drive traffic to your sales page include posting in relevant forums, leaving comments with a link to your site on highly trafficked blogs in your niche, and you can also make use of video marketing, this basically involves creating a review video of your product or have someone over at Fiverr do it for you, you can now post this video on YouTube and promote via YouTube’s advertising program.
Image Credit: Tim Parkinson (CreativeCommons)