How To Pick A Product To Resell Online - What's the terms...
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2. What's the terms and conditions of selling it?
It's important for you to know how the resale rights owner are allowed to sell it. If there's no proper legal terms and conditions, avoid it. Without that, the owners of the resale right are allowed to resell the product anyway they want.
Assuming you own product X resale rights and selling it at $47.00 online. And another owner is selling it for $47.00 but inclusive of another 50 products as free gifts. Any smart customer will know who to buy from and they're probably not going to buy from you. Even if they have bought from you, they'll ask for a refund because they'll feel 'cheated' as other owners are selling it off at better offer.
3. What's the minimum price for selling it?
Similar to guideline # 3, there should be a strict minimum price to resell the product. You don't want to end up in a price war with other resale rights owners because both of you will end up losing. Who's the winner? The customer.
If you sell at $37.00 and someone else is selling at $27.00, guess who's going to win the sale?
Don't go into price war. You'll hate it.
4. When were the resale rights made available to purchase?
I'll try to buy resale rights that are offered during the first launch of the product itself. Sometimes, product owners will only release or sell the resale rights after selling the product for 1 year and so on. If it doesn't ring a bell with you, most of the time the owner will sell the resale rights as a new income stream AFTER the income stream of selling the product Itself is stagnant or declining.
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