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The Cons
Open office is another one but I’d like to add that any serious marketer should get the proper ADOBE PDF converter.
Introduction
If you are good at developing Info Products i.e. E-Books and articles, selling Private Label Content can be for you.
If you already own a digital product you have created and are looking for additional sources of income, you can consider selling the Private Label Rights to other Internet Marketers.
Making Your Money from Selling Private Label Rights
The following are ways you can make money from selling Private Label Rights products:
- Upfront Sales. This is the most attractive part of selling Private Label Rights. Private Label Rights can range from a few dollars to even thousands of dollars, depending on the quality of the product, its demand and how proven it is.
- Selling Basic/Master Resell Rights to the Private Label Rights product. You can sell the Basic/Master Resell Rights to the editable, raw format of the product separately. If your buyer wishes to resell the Private Label Rights, you can charge him 4-5 times the normal price of the product and up to 10 times if the buyer wants to have the Master Resell Rights, allowing him and his customers to resell the Private Label Rights to the product, as you are doing.
þ You can make a lot of money from selling Private Label Rights, as it is one of the most expensive rights there is in Internet Marketing.
þ Your customers are mainly Internet Marketers, and savvy Internet Marketers are usually busy people and they prefer to focus their efforts more on marketing than product creation and setting up. Thus they do not have any problems with making purchases on Private Label Rights products, as long as you give them good reasons to buy from you and that you help them save their time from creating their own quality product from scratch.
The Cons
ý There is often no residual income in selling Private Label Rights products. This is because your customers, who are mainly Internet Marketers, will edit your product and use their own affiliate links. Unless you start a Private Label Rights membership site, you make your money solely from upfront sales.
ý Selling Private Label Rights products means that you cannot take the credit of authorship. One of the main benefits that make Internet Marketers buy from you is because they want to have the privilege to put their name on the product as the author. You remain anonymous.
ý Creating your own Private Label Rights product demands a high degree of expertise, talent, thorough research, programming (for software) and writing skills on your part. If you do not have any of these traits, creating your own Private Label Content can be a difficult challenge.
What You Need Before Getting Started
You will need the following before getting started on selling Private Label Rights:
1. Word Program
If you are going to create a Private Label Information Product (E-book), you will need a Word program to create your Information Product in .doc format. If you are using Windows 95/98/2000/XP, the Microsoft Word program should already be installed in your PC.
Alternatively, you can use a NotePad program to create your Information Product in its raw format, though Microsoft Word much more preferred.
2. PDF Converter
You need a PDF Converter program that converts your Word format to PDF format. If you do not have any PDF Converter program installed in your PC, you can get an Adobe PDF Converter program for free at http://www.primopdf.com/.
Open office is another one but I’d like to add that any serious marketer should get the proper ADOBE PDF converter.
3. Graphics Program
You need a program to design your product’s E-cover. I use Adobe Photoshop CS2 to design my E-covers. Alternatively, you can outsource your e-report/e-book covers. You can get them very cheaply.
4. Good Sales Letter
This is a very important element of your Private Label Rights sales success. If you cannot convince your prospects to buy from you, you cannot make any sale in spite of how good your product is.
5. Web Hosting and Domain Name
You need web hosting and domain name to store in your Sales Letter, Thank You page and your digital Private Label Rights product.
6. Auto Responder
You need an Auto Responder to:
- Follow up with your prospects who do not buy from you for the first time, and
- Build your mailing list. By having your own mailing list, you can make your money from your customers within a short period of time.
7. Merchant Accounts & 3rd Party Payment Processors
You will need this to collect online payments from your customers. And sell your product. There are many places you can do this like:
Or these two with integrated affiliate programs:
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