Can We Talk Frankly About Resale Rights?

Written by Willie Crawford


Inrepparttar last 2 issues we looked at creating your own products and services. If you missed those, you can read then on-line at http://williecrawford.com/archives.html Today, let's look at a shortcut to getting your own product. Let's examine buying reprint rights.

I've been in business on-line since 1997 and I have only purchased 1 set of reprint rights that I marketed. I have gotten rights to lots of products as a bonus or had them given to me. Get reprint rights torepparttar 106186 right product and you're set to generate a steady income stream for a long time. Buyrepparttar 106187 wrong reprint rights and you're just out of your time and money.

When considering buying reprint rights to a product,repparttar 106188 most important factor isrepparttar 106189 demand forrepparttar 106190 product. If nobody wantsrepparttar 106191 product, everything else is irrelevant. So I personally will only consider reprint rights for a product I would consider buying inrepparttar 106192 first place.

A little acknowledged FACT isrepparttar 106193 reason reprint rights are often offered for products is becauserepparttar 106194 owner isn't making any money onrepparttar 106195 product itself. Offering reprint rights for many products actually decrease their value inrepparttar 106196 mind of potential buyers. Therefore, if a product is selling briskly at retail, it would usually be unwise to offer reprint rights. Consider this when looking for products to buy reprint rights to.

Another reason reprint rights are often offered for a product is becauserepparttar 106197 product's creator wants to benefit fromrepparttar 106198 viral effect. He is willing to forgo a large upfront profit to benefit from backend sales or publicity. These are generally products that contain links back torepparttar 106199 person selling them embedded withinrepparttar 106200 product. Ifrepparttar 106201 product is nothing more than a bunch of affiliate links then these links need to be brandable to make reprint rights to that product a potentially worthwhile investment.

What does make a great product to buy reprint rights to? I recently conducted a tele-seminar on using pay-per-click search engines. The tele-seminar was very profitable and generated a product I could resell. Shortly after that experience I confirmed that there were a lot of people who would buy an info product on how to conduct tele-seminars and regular seminars. So I considered writing such a product based upon my experiences.

With perfect timing, reprint rights to a product that teaches how to conduct seminars and tele-seminars was offered to me. It was by my friend Fred Gleeck who has conducted over 1350 one-day seminars. I met Fred at a recent workshop and knew that he really knew his stuff. They were offering a very limited number of reprint rights (they are no longer available) so I knewrepparttar 106202 market wouldn't be saturated. It was perfect. The rights were for a product I was actually considering buying anyway. I am planning on organizing my own small seminar or workshop in mid-2003 and am inrepparttar 106203 early stages of planning things.

How To Create Your Own Product Or Service (Part 2)

Written by Willie Crawford


Inrepparttar first installment to this series, we looked at creating and marketing your own info product. I gave several concrete examples of info products I created with very little investment of time or money which sell with tremendous success. If you missed that article, it's posted online at: http://williecrawford.com/limitless22november02.html In this installment let's look at creating and marketing your own services.

When looking at marketing your own services you should thoroughly examine, brainstorm, and tear apart several critical issues. These issues are:

- What services are you qualified to offer - Will offering this service provide a good return on your investment of time and money - Is this service suitable for leveraging by offering through an affiliate program - Is there sufficient market for this service to offer a steady stream of customers long term - Can you develop a line of back-end products to increaserepparttar 106185 revenue stream from offering this service

Let's briefly look at these issues.

Most of us possess some unique talent that we can use to create a service and earn an income from sharing this talent with others. Talents that come to mind immediately are web design, graphic design, copywriting, programming, data entry, script writing or installation, legal research, website optimization, website promotion, diet counseling, fitness coaching, personal coaching and counseling, proofreading services, ghost writing services, and too many other possibilities to list here.

All of these services can be and are marketed successfully overrepparttar 106186 internet. Develop a reputation for delivering quality in any of these areas and you will get a steady stream of customers.

When looking at what service you might offer as your own "product" also consider services that allow you to leverage yourself more. To do this I generally think of services that can be provided semi-automatically and delivered in an almost endless quantity. The distinction between product and service may get a little blurred here but that's ok. What are "services" that might fall within this category:

- Pay for subscriber/lead services - Pay for website traffic/visitor services - Website submission or promotion services - Website monitoring services - Website translation services - Website hosting services (very competitive) - Remote script hosting services - Custom content provider services - Article writing or distribution services - List management services - Providing custom diet plans - Providing custom fitness plans - Personal financial management services

... you getrepparttar 106187 idea. Think of services that you can generate and provide withrepparttar 106188 aid of software so that you really do have an unlimited supply. Look at how you can improve on existing services or come up with totally new services. Realize that if you don't design your service properly you severely limit its growth potential andrepparttar 106189 potential to offer back-end or add-on products or services.

I recommend services where there is less competition due to difficulty in deliveringrepparttar 106190 service. Difficulty in product delivery as a barrier-to-entry is a good thing. It means it will be longer before someone encroaches on your market. This allows you to perhaps price differently at first and harvest "monopoly profits." Sorry - my economics training is slipping through :-)

Many services are so generic that it's difficult to distinguish your service inrepparttar 106191 mind of your potential customers. This makes your service a commodity and many customers will buy largely based on price. Web hosting is a commodity service that immediately comes to mind. To many customers, one web host is justrepparttar 106192 same as all others. If you can distinguish your generic product inrepparttar 106193 mind of your potential customer by becoming known for superior quality or customer service then you no longer offer a commodity. However, that takes a lot of very hard work and time. If you can offer a service FIRST or where there are fewer competitors then your task is easier.

When thinking of your service (or product) think in terms of income stream. If you are forced to constantly search for new customers so that you can make a one-time sale, you severely limit your growth potential. If your system brings in customers who use your services over and over again, then you build in repeat business and a revenue "stream." Lead generation and traffic generation services are examples that come to mind. If you deliver quality traffic or leads then your customers will buy from you again and again.

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