Starting Your Reseller Rights Business Part 1

So you crave to start your own online business from home. Great! But what are you going to start with?

While there are several types of Internet Business Models to choose from to start, I would like to share with you some important gem information on how to start and run your online business as a reseller. But only if you are interested!

Still reading on? Good!

Before we go any further, let us discuss whether this business is for you or not.

This type of online business is for you if:

[1] You do not have your own product.

[2] You do not have what it takes to create a product from scratch as it demands a degree of talent, skill and expertise in any field.

[3] You just do not want to create your own product or simply do not have the time for it!

You will do well to consider this type of online business if you match one or more of the above statements.

Now are you ready to find out how you can start your own resell rights business? If yes, then that is awesome!

What Is A Reseller?
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We will start this series with this simple question, "What is a reseller?" In general, a reseller buys a product, sells it and keeps 100% of the profits to him or herself. This is in contrary to being an affiliate whereby an affiliate sells other people's products for a commission.

In addition to that, it is possible for the reseller to create residual income from the sales of the product as long as the affiliate links are found within the product thus creating back-end profits.

What Are Resell Rights?
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Resell rights allow one to resell the product and keep 100% of the profits with which without it, one is prohibited from selling the product to another person.

What Do I Need?
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To start your online resell rights business, you will need to have a high-quality product with resell rights that can be customized. The product can be in the form of an E-book or software.

The first thing you should do is look for a product with resell rights to sell to your customers. When looking for one, you will want to take the following factors into consideration:

[1] Resell rights - the product must have resell rights in order for you to sell and keep 100% of the profits.

[2] High in quality - a poor quality product will hardly make you any sale let alone back-end profits.

[3] Good sales letter and follow-up e-mails - if the principal's sales letter and follow-up e-mails do not persuade you to purchase his or her product then it is palpable that the result will be poor for you too as a reseller as you will also be using the principal's sales letter.

[4] Rare or uncommon - it pays to do a lot of research when starting your resell rights business. You must find out if the product is not over-saturated in the net market. If it is then your chances of selling the product are slim.

[5] Credibility and reputation - is the author a respected person? You can easily conduct a background check by typing his or her name in search engines and see the results.

[6] Back-end profits - find out how you can earn residual income without much effort on your part in the long run.

[7] Money-back guarantee - while I can actually omit this factor for it goes without saying most of the time, this is what you should look out for. High-quality products usually have 90-day money back guarantee. In case you discovered that the product is not for you or fail to make any sale in the first 90 days, you still have a chance to get your investment refunded.

Here are some useful advices to keep in mind from my experience:

[1] Avoid purchasing a bundle of products from web sites offering so-called "$2,500 value for $47 only" promotions. This is simply because in most cases, they really are worth $47 altogether. According to my informal survey, most of the products that form the packages are either over-saturated in the market, old, diluted in value or are really pure junk.

[2] As an Internet Business owner just starting out, you are strongly advised to start with selling just ONE product, not a bundle of 50 products. Focus is important and crucial to your success. Give all you have on selling one product and profit from it first. You can slowly add products to your inventory later.

[3] Remember that they are called products and not parcels to be sold to another. This is a common mistake on the part of the resellers. Products are to be used in full. Bear in mind that reselling them is a means of income opportunity.

(To be continued in Starting Your Reseller Rights Business Part 2)

Copyright © Edmund Loh

Edmund Loh is a renowned PLR extraordinaire and Resell Rights Master, highly recognized for producing top quality Private Label and Resell Rights Digital Products at an unbelievable pace within the Internet Marketing industry.

Grab your lifetime Gold membership access to Edmund's flagship membership site today at: http://www.resellrightsmastery.com/thankyou-gold1.php