Writing a book is an effort that not everyone takes pleasure in. Creating software takes special skills and patience. If you can't write and can't program, does it mean you can't start an online business? Absolutely not.
Luckily, there is a wonderful thing called Reprint Rights. You don't have to write a word - just purchase resell rights to someone else's work and start an instant business.
~~~~~~~~~~~~~~~~~~~~~~~ What are Reprint Rights? ~~~~~~~~~~~~~~~~~~~~~~~
I first learned about reprint rights from Ken Evoy's "Make
Your Knowledge Sell" and thought, "what an amazing concept!" You don't have to know how to write, or spend months creating a quality product. You can just buy rights to it and keep 100% of profits, without paying any royalties or reporting your sales figures to anyone.
Compared to any other business, launching an information selling company has a very low start up cost. The key is to choose a product that fits your interests, is of high quality and in demand. The rest will be up to your desire to succeed and persistence.
If you already have a product to sell, find a product with reprint rights that would make a good bonus, addition, or a back-end for your business. For example, if you are selling a $10 report about successful golf playing, a good back-end product could be titled "Advanced Techniques of World's Best Golf Players" priced at $50 or higher (forgive me if I am way off - I know nothing about golf ;-).
You could also work backwards - first find a good product you want to purchase rights to, then write a report that would serve as an introduction/sales letter to it. Then give it away or sell it at a low price. That's what I did with my "First Business Web Site in 10 days!". After I finished writing it, I created a short version of this book (and turned a 120 pages manual into a small 15-page book) and started giving it away on my web site under a different title ("The Absolute Beginner's Guide To Starting a Web Site").
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ How to make money with a product you purchased rights to ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Many people buy rights to a product but never do anything to make it a success. You MUST treat it as your own product to make it profitable.
- First, choose a quality product (purchase a copy for yourself first to review) that fits into your interests, or your existing web site theme
- Make sure you are absolutely impressed with it so you could write a great ad copy (though many products already come with a sample sales copy)
- Create a simple web site using an easy-to-use web editor
- Find a way to take payments online (many people use inexpensive services of ClickBank, iBill, and OrderButton)
- Promote it (subscribe to free marketing e-zines and experiment to find most effective ways to advertise it)
While you don't have to create a product (what a great shortcut!) you still have to promote it to sell. There is plenty of free publications and forums on Internet that can teach you how to do it, if you can devote 1-2 hours each day until desired level of income is reached.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Buying cheap rights vrs. Expensive ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The first time I purchased resell rights, I could only afford a $49.95 package. The deal looked great! I was getting over 25 books to own and resell as my own. Only a few weeks later did I realize that everyone and their dog are selling same books. The products were still great and if you purchase them for sake of learning business and online marketing, it's a bargain. After purchasing this package I sold it to at least 10 happy customers, thus making $450.00 on a $49.95 investment.
To build a successful business reselling these books, though, would be very difficult since hundreds of other people are selling it on their web sites.
Yes, $49.95 is very affordable to anyone who wants to start an online business. But cheaper reprint rights are, more people are able to afford them, thus you will have more competitors selling same product. So if you find price is a bit steep, think of advantages: not every average "joe" who might not even be serious about business will purchase these rights. And if you do, you will have only a few competitors and your marketing efforts will pay off much better.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Where to find products with reprint rights ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~