(Continued from Starting Your Reseller Rights Business Part 1)
In this series, I am going to assume that you have already picked a high-quality product with resell rights that you can customize for back-end profits. This simply means purchasing the product yourself first. You will then work your business plan to cover your initial investment and later profit from it.
Setting Up Your Business
========================
The moment you get your hands on the product, what do you do? Read it! Use it!
Remember I said that they are called products and not parcels? Sure, you do, if you have been reading my series up until now.
If you have not done this just yet, get yourself a website and make it your channel to your sales letter. After you are done with that, you need to set up your sales letter and auto responder. Do not forget to set up your credit card payment processor or merchant account.
Here are some good ones:
[1] http://www.2checkout.com
[2] http://www.paypal.com
[3] http://www.stormpay.com
[4] http://www.clickbank.com
Since most of this article is about starting your resell rights business, I would not cover web hosting, auto responder and credit card processor in detail here. For more information, seek other relevant articles by other established Internet Entrepreneurs in http://ezinearticles.com (look under Internet-and-Businesses Online directory).
Since most of the job of selling the e-book and convincing your prospects is going to be done by your sales letter, you play your role very similar to a referrer or affiliate. Using ingenious concepts, you refer targeted prospects to your sales letter and if it is a good sales letter, it can produce a conversion rate of 2 to 4%.
Marketing Your Product
====================
With all the technical issues taken care of, your web site up and your product available for sale, you will need to promote your web site together with the product you are selling.
Here are some effective ways you can practice for good results in your sales and back-end profits:
[1] Create an Affiliate Income Opportunity – you can open an income opportunity to people who are interested in making money without having to create a product of their own through affiliate programs and directories. So long as you provide them a hefty commission of 50% to 75%, they would not mind selling on your behalf.
[2] You can establish a Joint Venture with E-zine Publishers as long as you provide them a chance to earn a percentage of your sales, say. 50 – 75%.
[3] You can comb the Internet for quality prospects. Membership web site owners and webmasters of your niche product are good targets. Send them a personal e-mail and get them to be interested in reviewing your product via the sales letter.
They will purchase your product for their own use or resell it and keep all the profits to themselves. What you are looking for is someone with great marketing power. As long as you have created a good back-end profit in the product, you will earn residual income more effectively by leveraging on other people's marketing power.
This method is one of my favorites as most resellers actually do not bother to do the STP method – See Ten People a day.
[4] You can create a free report or E-book for viral marketing purposes and circulate it in your network. This is yet my other favorite. In the report or E-book, you provide free but useful information on a subject having to do with the product you are selling. Just be sure that it is not really a cloaked sales letter altogether. This will in turn, lead targeted prospects to your sales letter thus increasing your chances of making sales.
[5] Write articles having to do with your web site product. While you are not to write cloaked sales letters and submit them to article directories, writing and giving free information to people who are searching for it gives you credibility as you prove your worth. Again, this can result in targeted leads to your website and sales letter through your web site link in your resource box.
[6] Announce and promote your product in your mailing list. The bigger and higher quality your subscriber list is, the more sales you can make.
While there are certainly more ways you can do to promote your website and drive targeted leads into your sales letter for good conversion rate of sales (let us not forget the back-end profits your product can also create!), most of these marketing plans can be followed easily with little to no cost on your part.
Be aware that the reseller business is pretty tough competition. You already win half the battle just by having the latest hot product to start with, more advantage if the product is not saturated yet.
There you have it – what you need to start your very own resell rights business!
Being a reseller myself, you are free to ask me any questions on starting your own resell rights business.
Have a great time!
Copyright © Edmund Loh
About the Author:
Edmund Loh is the author of the E-Biz Wiz Blog and Starting An Internet Business Special Report. Visit E-Biz Wiz Blog for proven ideas, tips and information on starting your own Internet Business and subscribe to the 12 Day Internet Marketing Success Course. http://ebizmodelsyoucancopy.blogspot.com
JWT INSIDE Track? One Of Human Resource Executive's Top HR Products Of 2008
Human Resource Executive, the premier publication focused on strategic issues in HR, recognized JWT INSIDE Track? as one of their top ten HR products of 2008. JWT INSIDE Track? is the industry leading tracking and measurement tool developed by JWT INSIDE, one of the world?s top recruitment marketing and employee communications companies.
Rights and Obligations with Prenuptial Agreement
Prenuptial agreements are like insurance policies. You do the paperwork, and then hope you'll never need it.
Master Resell Rights vs. Private Label Rights
Master resell rights, private label rights, resell rights... If you don't know what each term means, you can certainly find yourself confused by all the hype. In this article, I'm going to explain the different types of resell rights that you can purchase and talk about how you can make money with them.
Resell Rights - My Story.
Why resell right ebooks and software are not effective as it was in the beginning.
Children's Rights Group calls for Genital Integrity Policy
Doctors Opposing Circumcision announces publication of its new Genital Integrity Policy for America's Children.
Human Hair or Synthetic Wigs, An Article on Custom Hair Replacement
People use wigs for a wide variety of reasons, from a fun costume enhancement for a Halloween party to a completely natural look to cover mortifying unintentional hair loss caused by such things as radiation and chemotherapy, or other medical and inherited conditions Both men and women with thinning hair will find increased self-confidence from having a full head of hair with a natural-looking wig
Physicians for Human Rights Appoints Frank Donaghue as New CEO; Leonard Rubenstein Becomes Group's President
Physicians for Human Rights (PHR), a co-recipient of the 1997 Nobel Peace Prize, announced today that Frank Donaghue will become the Chief Executive Officer of the twenty-year old health and human rights organization. Leonard S. Rubenstein, JD, PHR's current Executive Director, will assume the role of President.
A Psychological Thriller Inside the Human Soul
Valbona Kociu: Born in Albania. Her passion since childhood is writing. In 1992, at the age of 18 she publishes the novel "Pa Mbiemer" (translation: Without Surname) in Albania . The literary criticism pronounces "A new Françoise Sagan is born". She continued her higher education in 1996 in France in the field of Econometrics.
Now, she lives in Canada with her family.
Franchising Democracy and Creating Cohesive World Government
There are so many problems with our perceived perfect checks and balances system of our government, that one cannot use the exact United States version model of government to create a franchise agreement for future governments of the world. A standardized system of government in all countries of the World needs to exist if we are all to live peacefully on the planet, trade and respect each others cultural heritage and tolerate the many different renditions of World Religion.
Brayton Purcell is Pleased to be a Sponsor of the 2008 Marin Human Race
The law firm of Brayton Purcell is pleased to be a sponsor of the Marin Human Race, the largest collaborative fundraiser in Marin in support of Marin County charities.