Read Patric Chan’s latest ‘You Chan Do It’ blog post titled “Making money with resale rights”.


Patric Chan’s latest blog post is reprinted here.

Making money with resale rights

Today, I’m going to teach you how to optimize your profit if you want to make money from resale rights.

First of all, buying resale rights to sell is definitely a superb strategy to make quick income. If you read the third tip explained in this blog, you’ll see how it can generate profit for you long-term.

First tip — You need to act fast. You see, all resale rights product have a standard ‘life-span’. If it’s not being materialize, it’ll ‘die’.

Assuming the resale rights owner did not set the minimum selling price, it’s just a matter of time before the price starts to drop. A “suggested price” doesn’t enforce that the resale right owner MUST sell at that price. So, be careful when you’re reading the terms and conditions.

If you hold on it … the value will decrease. This is not buying a stock or real estate that the price can appreciate over time. It’ll normally depreciate unless the resale right owner enforces a minimal selling price.

Next …

Check the quality.

I don’t know about you — But I’ve bought a package of 20 to 50 products including resale rights before for $47 only. Then when I see the product, it’s shocking. It’s shocking how it is possible for the resale rights owner to sell it separately for the suggested price of $47 when the quality is NOT up to the standard or loosely coined terms and conditions. For instance, how can you sell a product if the terms and conditions said it can be given away for free?

You can argue with you that it’s possible. But would you think it’ll be much more easier to sell if the product is not allowed to given away for free?

Obviously, the only way to find out the quality is to BUY the product for personal use first. But if you’re short of cash, judging the quality of the resale rights product by the credibility and image of the product creator will be helpful.

Finally … Use it as back-end. Don’t sell it upfront.

Let’s say, you have a product about ‘online dating’ and currently selling it online. So after your customer have bought your product, what’s next?

You should be offering more products for your customers to buy! Yes, your customer do not like to be sold … but they like to buy if you’re adding value to them by recommending useful products. The statement above have the same meaning but it’s being presented in a totally different angle.

This is a powerful tactic because it’s totally on auto-pilot! You can recommend the resale rights product that you’re selling to your customer in the autoresponder that is set for customers-only. Set it up once and leave it there.

One more thing — if you’re allowed to use the product as a bonus to your existing other products, that would be fantastic because you’ll be able to make the resale right product unique now. Making it unique will give you the edge to beat other resale rights owners.

You “Chan” Do It!

Patric Chan’s ‘Chan Do Internet Success System’ Newsletter is available at
http://www.automateinternetmarketing.com.
To know more about ‘Chan Do Internet Success system’ go to http://www.youchandoit.com/.

Go to You Chan Do It Blog to read the latest posts.

*IMNewswatch would like to thank Patric Chan for granting exclusive permission to reprint the latest blog posts.

 

 

 

 

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