Like we saw with Resell Rights products, Master Resell Rights (or Master Resale Rights) products have grown in popularity over the last few years and are one of the easiest ways to get a product you can sell online.
Master Resell Rights are a great way to make steady income on the Internet because they are ready-made “out-of-the-box” products that you can sell and you keep 100% of the sale.
The power of having your own products to sell is great, but there are ways of doing it right and ways of doing it wrong and one can lead to success and one can lead to failure.
As you’ll see there is one strong advantage that Master Resell Rights products have over Resell Rights products.
We’re going to look at what Master Resell Rights products are, why you’d want them and how to use them properly.
As with the other types of rights, they are easy to understand and in a few minutes from now you’ll know just about everything you need to know about them and how to use them to make money.
What Are Master Resell Rights?
Master Resell Rights (MRR) products, sometime called Master Resale Rights products, are complete products that allow you to sell the product as your own and to keep all the profits you make from your sales.
When you but a Master Resell Rights product you get a copy of the product for you to use and sell. You also frequently get a complete sales page and a license that allows you to sell the product, “as is”.
You can’t change the product but you can change the sales page or create your own.
You will need some place on the Internet to put and sell the product, usually this is a Web hosting account and a domain name.
As with every type of rights product you buy, when you buy a Master Resell Rights product you absolutely MUST read the license; it will have specific rules that tell you what you can and what you cannot do with the product.
For example, the license might say that you must sell the product for a minimum price to help keep the value of the product high.
It will also let you know things like if you can give away the product or if you can use it as a bonus.
The license terms are as varied as there are people selling them so be sure to read your license, preferably before you buy the product!
The difference between Master Resell Rights products and Resell Rights products are that with Master Resell Rights products you get the rights to sell the resell rights to the product and, if some cases, you can sell the master resell rights to the product.
Why You’d Want to Use Master Resell Rights
You can get Master Resell Rights to just many digital products, including digital books, software, graphic images, courses and many other things.
A nice advantage of products like this is that you don’t spend your time and money creating the products , which can cost hundreds or thousands of dollars, and can devote your time and money actually promoting them.
Obviously this can provide you big benefits, the same benefits you’d get from creating your own products from scratch.
In addition, you also have the rights to sell the resell rights to the product.
This adds a second stream of revenue that Resell Rights products don’t have; earning you more money from the same number of customers.
Let’s look at the example we used last time but add this second revenue stream to see what different it makes.
If you remember, we assumed you had resell rights to a product and could sell just 1 every week at $27, it seemed reasonable to be able to do that.
So, at the end of the year you’d have made $1,404 ($27 times 52 weeks).
Now say that you also sold the resell rights to your customers for an additional $27 and you only sold one of those each month, this would add $324 bring your total to $1,728 for the year (an increase of 23%).
Then say you sell master resell rights to the product for $27 and you sell just one of those every quarter, this brings you total revenue for the year to $1,836; that’s a 31% increase in revenue over not having master resell rights with no more customers).
If you do that with 11 more products, instead of $1,836 a year, you are making $22,032 a year.
If you were able to sell 2 products a week instead of 1, the resell rights twice a month and the master resell right just once a month you increase your total for the 12 products to $45,360 every year.
You can see by adding more products, which isn’t hard, and by selling more products you can be making good money with little effort.
This is one of the keys to making money online that most people miss. You don’t have to sell lots of any one product. Sure, that’s great but it is much harder.
Just sell fewer of each product but sell more products, each one may only bring you in a small income but the total can add up to big money.
There is no limit to how many products you can have so your income is also unlimited.
So, why would you want to use Master Resell Rights products?
They can be very lucrative.
As I said, I personally know about a dozen people who are making multiple 6-figure incomes each year just from selling resell rights products and have heard of people making 7-figures. All of those people are doing exactly what I explained above.
Second, they you get multiple streams of income from them.
That’s reason enough but they can also build your list, improve your reputation and make you well known.
How to Benefit from Master Resell Rights Products
You can take Master Resell Rights products and do the following.
Sell It and Make Money
Sell Master Resell Rights products to get another source of income for your business. Duh!
Sell Resell Rights and Make Money
Sell the resell rights to your products to get a second new source of income for your business.
Sell Master Resell Rights and Make Money
Sell the master resell rights to your products to get a third new source of income for your business.
Build Your List
You add a new person to at least one list every time you sell something.
Use as a Bonus
Most master resell rights products can be included as a bonus to improve the value of your offers and to build better customer relations.
Add It to a Membership Site
Add the product to a free or paid membership site, enhancing the value of the site which turns into more new members and existing members staying longer.
Let Affiliates Promote It
Create an affiliate program or just put it on ClickBank or PayDotCom and let affiliates promote the product for you.
While you won’t get as much money for each sale from an affiliate you don’t have to find customers and the sales may well be ones you never would have gotten.
They also become your customers so you can market other product to them,
Submit to Giveaway Events
Some giveaway events let you include Master Resell Rights products to their event.
This is an fast and easy way to build your list without doing additional work.
However, make sure that your license allows you to include the product in giveaway events.
Making the Most of Resell Rights Products
Like everything you sell, the key to using Master Resell Rights products is to differentiate yourself from everyone else selling the same product.
This is especially important since you can’t actually change the product itself. Therefore, you need to change everything else that you can, this includes:
- Creating a new sales page with new and different graphics
- Changing the bonus products, adding new bonuses and/or removing existing bonuses
- Changing the name of the product although some people feel it is dishonest to do that
The key to selling Master Resell Rights products is making sure you get enough targeted traffic so by differentiating your products from the others and get lots the right traffic and you’ll “clean up”.
Conclusion
Master Resell Rights (Master Resale Rights) products, products that you are allowed to sell them and sell the resell rights to the products and keep 100% of the profits, is an fabulous way to quickly and easily way start or improve an online business.
Some ways to use them are:
- Sell It and Make Money
- Sell the Resell Rights and Make Money
- Sell the Master Resell Rights and Make Money
- Build Your List
- Use as a Bonus
- Add It to a Membership Site
- Let Affiliates Promote It
Do you use Master Resell Rights products?
How has it helped and what lessons have you learned?
If you aren’t, what’s stopping you and what challenges are you facing?
Please leave a comment below and let me know.
Talk soon,
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The Shameless (Ethical) Marketer
http://www.Twitter.com/DavidHusnian
http://www.8-8-8Sale.com
http://www.MusicForInternetMarketers.com
http://www.SecretsOfGoogleAdWords.com
http://www.MadMondaySale.com
http://www.2ForTuesdaySale.com
O.Y. If you want a great selection of resell rights products at great prices go to http://StreetGuideToResellRights.com/Recommends/888Sale. As a special gift for readers of this blog post use the coupon code RESELL50 to get 50% off the Making Money with Resell Rights Products package or the Reseller’s Success Pack — go to http://www.8-8-8sale.com/#ListOfProducts and click the blue Reseller’s Pack item.
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