Owning a website can and should be a very profitable endeavor. A good way to make money online is by selling ebooks and software with Master Resale Rights. Below are the top reasons Master resale rights are a viable web business solution, and why it needs to be something every web marketer should consider.
1. You don't have to make up any content. This is perhaps the single most important reason Master Resale Rights are a good web business decision. Every web business needs a product to sell, and with master resale rights, you do not have to create anything. All of the content is done for you. You now have a ready made product that you can sell for any price you want.**
**Please note: Most resale rights packages give you free control over pricing, however some packages have a minimum package price. This is necessary as to not undervalue the package itself. As a business owner, it is important to have a competitive price, but you do not want to make the price so low that it makes the package appear to be worthless. Placing minimum prices helps to keep the package value high so it does not become "just another junk eBook with resale rights." Please try to adhere to the pricing set by the original content creators.
2. It can be completely automated with no warehousing. Because the products you are selling are electronic, there are no physical goods to move or store. This makes storage and delivery completely free, as everything can be delivered through email, or through a download on your website. You can even set your business on "autopilot", so once a purchase is made, the customer is automatically delivered the link or email. This makes each transaction hands-free, and allows you to spend your time where it is needed most. (Like with your family/friends/dog/xbox.)
3. Most ebooks and software with Master Resale Rights have a pre-made sales page. This alone could save you hours of frustration. Every webmaster knows creating a good sales page is a difficult task, but most resale rights packages have already done this for you. Most of the sales pages are written by professionals and are very well done. Because of this, most do not require any changes however, you do have the option of editing the sales page to your liking if you feel it needs some touch ups to really shine.
4. You keep 100% of all profits earned. Unlike affiliate programs where you get only a percentage of each sale, with master resale rights you get to keep all of your profits. You only pay a one time fee to acquire the product and resale rights, then you will never have to pay another dime again. There are no royalties or other fees to pay either. Why join an affiliate program that gives only 30% commissions, when you can have 100% of all profits made by your site with the same amount of effort?
5. You can repackage your Master Resale Rights products. You can create an entirely unique, "brand new" package by combining 2 or more ebooks together to create a resale rights package that is exclusive to you and your site. This gives you an advantage over every other site selling similar products, by making your packages unique. This uniqueness gives your package more value, making the customer more likely to purchase from you.
As you can see, master resale rights are a very profitable business solution for any web business, or it can be a valuable addition to any existing web site looking to branch out to improve its bottom line. With billions of dollars in annual sales of ebooks, software, and information products, there is not an easier way to make money from an already popular trend in online marketing.
5 Reasons Master Resale Rights Are A Good Web Business Decision
12 Business Skills You Need To Master
Developing a small business into a successful enterprise demands more than passion. Unfortunately, facts speak for themselves. Over half of new businesses fail mainly because the entrepreneur is unable to translate their passion into practical business skills. Success demands more than hard work, resilience, and expertise in your field. In order to succeed, you need to understand and to become proficient in a set of fundamental business skills.
Running a small business requires that you become a jack-of-all-trades. It is important to know early on which skills that you have and those that you will have to learn or delegate to others. When it comes to the skills that you lack, you can learn these skills over a period of time by yourself, you can hire employees who are strong in specific areas, or you can engage the help of a professional business advisor.
Here are the essential soft skills (people skills or anything that is not a technical skill) that you will need to learn or import to help you to succeed in your business:
• Delegation Skills -- Delegation involves assigning responsibility to other people for the completion of work. The ideal position that you want to obtain is one where your staff carries out all the routine activities of your business. Effective delegation involves achieving the correct balance between effective controls and allowing people to complete their job effectively. The key element is knowing how to make your business work, rather than your business working you!
• Communication Skills -- Communication is an important part of life and is one that is often taken for granted. When you think about it, almost everything you do requires improved communications. To be effective in business, you have to communicate well. When you hire a new employee, good communication skills help you select the right person. When you communicate with your various stakeholders, you need to be clear about your expectations and to be sensitive when dealing with problems. The key is to know how to effectively communicate your vision with passion and conviction.
• Negotiation Skills -- Almost everyone negotiates informally on a daily basis without even being aware of it. Formal negotiation is a skill that can be learned through experience and practice. People who negotiate frequently tend to be more skilled at it than people who have not participated in many formal/informal negotiations. Experienced people are more likely to know what to say, when or when not to say it, or when or when not to make concessions. The key is to know how to develop a win-win approach in negotiations with all parties, but at the same time keeping in mind that you also want to obtain the most favorable outcome possible for yourself.
• Strategic Planning -- Strategic planning is a very important business activity. Strategic planning is a process of defining your company's strategy or direction and making decisions on allocations of resources of capital and people. The key is to know how to project your company's future performance, within a three-to-five year framework or more, supported by your well-defined business plan.
• Leadership Skills -- Leadership is a process of getting things done via people. Leadership, a critical management skill, is the ability to motivate a group of people toward a common goal. Leadership is also the ability to take charge, assemble, mobilize, and motivate teams. The key is to know how to forge long-term relationships with prospects, customers, suppliers, employees, and investors.
• Team Building Skills -- Team-building and teamwork skills are essential for an entrepreneur in today's workplace. People working at their potential in teams generate better solutions and more productivity than individual members working independently. The key is to know how to build teams of employees, partners, advisors, and investors that will help you take your business to the next level.
• Analytical Skills -- Today’s workplace is becoming more technologically advanced and complex. With this rapid increase of technology, the need for analytical thinking also increases. Analytical thinking is the ability to objectively assess the present state of your business, to determine where you want to be in the future, and what to do in order to close the gap between the present and the future growth of your business. The key is to know how to gather, review, and evaluate data that is necessary to formulate and express compelling arguments.
• Sales and Marketing Skills -- Establishing successful sales and marketing methods and policies - from pricing and advertising to sales techniques - are essential in growing your business. The ability to analyze your competition, the marketplace, and industry trends are critical to the development of your marketing strategy. The key is to know how to craft and communicate a compelling message to the right target audience that generates new business, and in turn, builds profitable revenue streams.
• General Management Skills -- Management involves directing and controlling a group of one or more people for the purpose of coordinating activities that will accomplish a goal. Management encompasses the deployment and direction of human resources, financial resources, and technological resources. The key is to know how to develop and implement a workable management system that will manage daily operations, nurture stakeholders, and support business growth.
• Cash flow Management Skills -- Cash flow is generally acknowledged as the single most pressing concern of the small and medium-sized businesses. In its simplest form, cash flow is the movement of money in and out of your business. Cash flow is the life-blood of all growing businesses and is the primary indicator of business health. The effect of cash flow is real, immediate and, if mismanaged, totally unforgiving. The key is to know how to monitor, protect, control, and put cash to work.
• Financial Management Skills --The activity of finance is the application of a set of techniques that individuals and businesses use to manage their money, particularly the differences between income and expenditure and the risks of their investments. The need for timely budgeting and reporting of financial performance is of the upmost importance. The key is to know how to interpret and analyze your financial statements, in such a way, as to identify the items that are adversely affecting your profitability.
• Time Management Skills -- Time Management is a set of related common-sense skills that help you use your time in the most effective and productive way. Time Management is a very important skill to master. Learning this skill will empower you to achieve more and to use your time wisely. The key is to know how to manage your time efficiently and to focus on the activities most likely to deliver value to your business.
Copyright © 2007 Terry H. Hill You may reprint this article free of charge in your newsletter, magazine, or on your website, provided that the article is unedited, and that the copyright, author's bio, and contact information below appears with each article. Articles appearing on the web must provide a hyperlink to the author's web site.
Lessons I Learned About Building a Home Based Business While Watching a Master Violinist
Have you ever been in moment where you realized that your perception of something would never be the same? Well that's exactly what happened to me when I attended BB Kings Restaurant to hang out and listen to a violinist for an upcoming CD release.
Much to my surprise I walked away with 5 lessons that I could use to take my home based business to the next level. Within moments of world renowned jazz violinist Karen Briggs (formerly with Yani) taking the stage the quote from Tony Buzan rang my head.
"Whatever your discipline, become a student of excellence in all things. Take every opportunity to observe people who manifest the qualities of mastery."
Here are lessons I walked away with that you can use to
successfully create a business you can work from home.
1. Change an idea or business by 10% and you can be a leader in what you do. Ms. Briggs is not the only violinist but she is one the first to become known as a "Jazz Violinist." She took traditional classical music and put a jazz twist on it and made it her own. She created a fortune by doing so. You can do the same thing. Find a work at home business you love, add your unique slant and become an expert.
2. Give your customers more than you can expect and you will create raving fans. We were told the concert would go 90 minutes. However, when Ms. Briggs surprised us with an additional 45 minute jam session it blew everyone away. When you under promise and over deliver you will create screaming fans that will tell others about your business. The ultimate form of flattery is a referral. (By the way, I highly recommend you see
her).
3. When you are operating in your unique gift it will appear effortless to others. Ms. Briggs was one with her instrument. As a former violinist myself, I know first hand that it is not an easy instrument to master if you don't have the aptitude or attitude. However, when the talent or gift is innate your presentation appears organic and effortless to others.
Most people spend their life looking for the "magic bullet" to create wealth. And the truth is if you were to look at the gifts and talents you have, your million dollar idea is innately a part of you. If you are not sure what it is think about what are the things you do that appear easy for you and difficult for others. Your unique talent harnessed with discipline and commitment will be unstoppable. Unleash your talents and discover how to turn it into a profitable work at home opportunity.
4. When you are a master at your craft people will pay for it and you can name your price. Being an expert in business is much like a top paid artist. When you have specialized knowledge or a skill people are willing to pay a higher price to have access to it.
5. Surround yourself with talented and supportive people and you all can go to a higher level of success. Ms. Briggs had a band around her and with their support her talents were showcased even more. No one creates success by themselves. Make sure you have people around you who support you in your business. Consider a Mastermind Group.
If you are starting or currently building a home based business
take one or all of these lessons, implement them in your business and watch it grow. I am always amazed how lessons about
being successful are always around us if our mind is open and
our ears in tune. These lessons if implemented will sound like
music to your ears.