Archive for October, 2009


 

Resale rights marketing is an emerging approach in the field of internet marketing. There is a growing market for resale rights products and more and more online businessmen are catering to this segment and have been reporting monumental profits from their efforts.

Resale rights marketing involves the sale of products with their accompanying resale rights. These rights may either be basic resale rights (where the purchaser can resell the products he will buy), master resale rights (where the purchaser can resell the resale rights of the products he will buy) and private label rights (where the purchaser can alter the products he will buy, and by nature of the same, can sell the products as they are or with accompanying resale rights as well).

It is not difficult to explain the growing interests on resale rights products. These goods afford the purchasers the opportunity to earn from their purchases, as they could sell the same for profit. They won’t have to pay the creator any cumbersome royalty fees. They get to keep all the income they will earn from the sales they manage to effectuate.

Though resale rights marketing does seem like a promising field, it is not completely free from problems. A lot of internet marketers who have decided to enter resale rights marketing have been prone to committing some fatal mistakes that gravely compromise the earning potentials of this approach. Let’s take a look at the top five mistakes that resale rights marketers make so that we’d learn how to avoid them.

Selling resale rights products to an unlimited number of people. Your potential customers would find this unsettling. Every purchaser of your resale rights products would be each other’s competitor. Though the idea of selling an unlimited number of copies sounds very lucrative, you’d find it hard to effectuate some sales because people would stay away from such offers. The value of your resale rights products would diminish. Solution: set a cap as to how many copies you will sell.

Selling resale rights products to many people. Indeed, you would set a ceiling as to how many copies you will sell. But if this ceiling is too high, the value of your resale rights products would still suffer. Selling to 1,000 people for example, would mean that each purchaser would have to compete with 999 other people for the same market. Your products would still be a hard sell. Solution: increase the price of your package but limit the cap to 50 or below.

Failing to clearly enumerate the terms and conditions of usage license. Essential in resale rights is the license wherein they should be delineated. This license is a where the rules are established, and is likewise your guarantee to the purchasers that such rules shall strictly be implemented for the protection of their interests. Solution: carefully write down the limitations of the rights you will convey, and present the same in a license agreement, preferably in .pdf format. Adobe documents cannot easily be changed, and it would give your potential customers the security they need.

Failing to honor the terms and conditions you have set yourself. Nothing can compromise your brand worse than your failure to live up to your promises. If you promise to sell 50 resale rights of a product, you can’t sell 51 and claim a counting error. If you promise to give them private label rights, you cannot restrict the way they could alter the work. Solution: exercise candor in your dealings at all times.

Selling resale rights at the height of the product’s market life. This may be a plus for your potential customers, but it surely is a negative for you on a business standpoint. If the product promises high salability, you’ll be better off selling it yourself, exclusively at that. Nonetheless, this is a matter of preference. If you want to focus on product creation and allow your customers to take care of the marketing aspect, then this would prove to be a good approach. Solution: have a business plan before venturing to resale rights marketing.

Private Label Content (PLR) has been a hot topic in online business over the last couple of years. As more opportunities have emerged for people to make money with niche marketing, so has the demand for affordable content.

PLR is the perfect solution!

If you’re not familiar with how PLR works, it is essentially a way for multiple people to “share” content. Since they are all given access to use or change the content, they pay significantly less.

You can then use that PLR as is and put your name on it as the author. Or you can divide it up, add to it, combine it with other content, create an audio product from it… the sky’s the limit!  The more creative you are, the more unique your resulting product will be.

For online marketers, this can mean a savings of countless hours of work over writing all of their content themselves. Or thousands of dollars in outsourcing fees if they were to hire a professional writer.

But before you get started using PLR to grow your business, there are a few things that you need to keep in mind:

1. It’s important that you trust the source of the PLR content – Not all PLR content is created equal. There are lots of people publishing inferior content that no marketer in their right mind would use.

Remember, once you put your name on the content, your potential customers think that you wrote it. If it’s not well written, informative and interesting you’ll make a bad impression. Even if you’re just using the content on your website to improve search engine rankings, it has to be good quality because prospects will be reading it and judging you based on it.

 
2. The best use for PLR is not article site submissions – Submitting articles to article directories can be a great promotion strategy. And in the early days of PLR that is primarily how people used the content. But the article directories have gotten smarter and realized that multiple people are submitting the exact same articles. This makes the directory look bad – so they’ve tightened up their policies and no longer allow this. 

But that’s alright, because that’s probably the worst use of PLR content. It just makes you look bad if you’re publishing the exact same article as someone else. Instead, smart marketers are using PLR content to create their own unique products. Customers are less likely to notice any overlap in the information if you do this well.
3. Combining PLR is the easiest way to use it – If you use a piece of PLR content exactly as is, the odds are that you’ll be competing directly with someone else who is offering the same product. However, if you add other pieces of PLR content then you can create something that is uniquely yours. You still don’t have to do any writing, yet you have a product with different information then your competitors are offering.
PLR content truly is a great way to get the content you need for your business. It’s affordable, easily accessible and flexible. Whether you need content for your blog or want to create a complete product line, PLR is the perfect choice!

Though anyone can achieve success with affiliate programs, not everyone manages to do the same. The reason? Well, there are 10 of them, actually. These are the biggest mistakes that make success in affiliate marketing very elusive. Study them well, and read up on how to avoid them. Hurdling through these mistakes can spell the difference between monumental profits and dismal performance in your affiliate marketing campaigns.

 

Believing that people would just click on their affiliate links. Though an affiliate’s job is merely limited to pre-selling, pre-selling involves more than just displaying the affiliate links. It also entails encouraging people to click on them by enumerating the benefits that can be derived from the affiliate merchant’s products, giving favorable recommendations about the use of the same, and providing an encouraging offer that would entice readers to check out the package.

Believing that there’s such a thing as organic traffic. Organic traffic, or traffic that is naturally generated by a website, is a myth. There is no such thing! If you’re hosting your affiliate links in one website, you can’t expect people to find it just like that. You have to make them find it. This can be done through effective SEO techniques and efficient marketing strategies.

Believing that employing one marketing strategy is enough. Some people actually think that submitting one article to the article directories would give them the amount of traffic they need. This is a fatal mistake. Limiting yourself to a single, or even a couple, of marketing tactics would be limiting the number of visitors you could generate for your website. Also, you’ll fail to tap into other segments of your targeted market if your tactics aren’t flexible enough to expand.

Failing to study your campaign’s performance. Most affiliates merely check on how much they have earned per day, and if such an amount remains at low levels, they fail to make corresponding adjustments because, well, they don’t know which aspects of their campaigns need improving. It is important to study every facet of our marketing strategies. How many visitors are we generating for our website? How many of them are unique? How many are returning? How much time do they spend in our pages? Where are they coming from? To where are they exiting? These are the questions that can be answered by an excellent visitor tracking software program, and these are the questions that could help us improve the performance of our marketing endeavors.

Failing to find an affiliate program which actually offers sellable products. Some affiliate programs may offer as much as a 95% commission per sale. But if the products are impossible to sell, you’d never realize the profit the program promises.

Failing to find an affiliate program with a proven record of consumer satisfaction. The credibility of an enterprise depends on how people view it. If the affiliate program has established great relationships with the members of its target market, then it has established a brand which is recognizable for its excellent service. You’d have an easier time pre-selling such an affiliate program’s products.

Failing to keep abreast with the latest developments in the industry. There will come a time when the marketing knowledge we know would become obsolete, more so in the field of internet marketing where everything transpires at a rapid pace. You have to constantly update yourself with the newest trends, techniques and news in this field to always keep your competitive edge.

Failing to invest on knowledge. Knowledge likewise evolves and you have to evolve with it. Buy noteworthy eBooks, special reports and the likes… those which would teach you the latest tactics to help you conquer your field.

Resting on your laurels once a semblance of success is achieved. Success is not eternal. You have to sustain it. If you leave your business alone once it shows the promise of success, you’re just setting it up for failure.

Believing that affiliate marketing is a “get rich quick” scheme. It is not. You have to invest a certain level of commitment, a lot of time, some financial resources on occasions, and a whole lot of effort if you want to truly realize the many wonderful things that this field does promise.

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