How to profit from PLR products Part 3
7 Ways to Make More Money Than Your
Competition Does With The Same
Product
Real quickly, I want to give you 7 things you should be doing if you want to
make more money with the products that you buy reprint rights to sell.
1. Be first to market.
Obviously, the first person to
promote a product when it is released has the best chance at making sales.
You need to have a set game plan in mind for anytime a product is made
available with reprint rights that fits your target market.
Decide up front: how much you are willing to pay for a license,
what kind of products sell well to your contacts, and what your plan of action
is when a product becomes available.
If you actually have written out
(or, if you’re like me, TYPED out) a plan of attack, becoming the “first to
market†is very easy.
Create a ready-made list of criteria to determine
if the newest product on the market with reprint rights is a nice fit for you
(Price. Author. Quality of product. License fee. Restrictions. Etc.)
This will make it easy for you to evaluate a product upon its release to decide
if it’s for you or not.
And put together a checklist of action steps
that you’ll need to complete in order to get a new product producing sales.
Include every step so you won’t miss a thing. (Setup order link, create download
page, mail to XYZ list, etc.)
And – without exception – the members
who made the most money from those products upon its release, are those who
got the word out quickly.
Many of our lists overlap ...
and the first person to take action has the best chance of making sales.
When a new product is released, evaluate it. If it’s for you, take action
and be the “first to market.â€
2. Offer a list.
I’ve
been to web site after web site recently doing some research for an upcoming
product I’m releasing about “reprint rights.â€
And I’ve looked at page
after page, product salesletter after product salesletter, and it amazes me at
how FEW sites offer a list of any kind on pages devoted to selling products that
they purchased reprint rights to sell.
Go to their main page and there
are all kinds of list offers (newsletters, reports, ecourses, announcements,
etc.)
It’s obvious that they know building a list is important.
But, it’s one of those “throw out the marketing knowledge†moments when it comes
to reprint rights.
Getting folks onto a list is CRITICAL to your
success.
How can you sell additional products (or follow-up on
the product of the page visitors are looking at should they decide NOT to buy
it) if you don’t get your website visitors to join a list?
We know it’s
important, but in my research, there are less than 5% of web pages devoted to
selling products that came with reprint rights that have any mention at all of a
list.
Bottom line: before you load that ready-made webpage and
salesletter that was given to you, insert some kind of list offer.
Newsletter. Ecourse. Special Report. It doesn’t matter which.
Build some
kind of list that is related in some way to the theme of the product
being sold on that page, and insert a list offer in there for visitors
to join.
You’re leaving money on the table
if you don’t.
3. Provide an incentive.
Why should
someone buy a product from YOU instead of the five gazillion other people
selling the same product?
Seriously, why should they?
Are they
your cousin?
Do they owe you a favor?
Why YOU?
By
offering an incentive, you give them a compelling reason to order from YOU and
not your competition.
Let me give you an example from the real world.
Offline Marketers Have Been Doing It For Years...
Suppose you are looking to purchase a new car and you visit several different
dealerships.
All of them have the EXACT same car that
you are interested in purchasing. All are priced at the EXACT same price.
Every factor is the same...
...except for one.
One of the
dealerships offers you an incentive. If you purchase the vehicle from him, he
will throw in a year's supply of gasoline!
Now I ask you, which of
the dealerships are you going to make your purchase from?
If you chose
anyone but the dealer offering the free gasoline...
...you probably
shouldn't be on the road driving! ;)
Obviously, with all factors the
same, you would want to make your purchase from the dealer who offered you
MORE value for your money.
Reprint rights products are
kind of like car dealerships - at least in one regard.
Every reprint
rights license holder for a particular product offers the EXACT same product at
usually the EXACT same price.
All factors concerning the product itself
are basically the same for every license holder.
So, who's going to
make the sale?
The one who offers the added incentive, that's who! The
one who creates the advantage, the exclusive offer.
Want to outsell
your competition? Want to outsell them even though you are all promoting the
EXACT same product at the EXACT same price? Want to create an advantage that
levels the playing field with the "big boys" who have the large lists and large
budgets?
Offer MORE!
You need to create an incentive.
Some unique and exclusive reason why folks should order through YOUR site
and not one of your competitors.
---------- [ Sidebar ] ----------
Folks tend
to think that whoever gets the word out FIRST about a new product will make the
sale. That isn't always the case. In fact, it could be just the opposite.
Most folks receive the same, tired old "product announcement"
email from a half dozen or more folks with reprint rights licenses in the exact
same 24 hour period.
They get home from work and find a slew of folks
all wanting to make the sale on the new product.
Who will they buy from
(If they buy at all from this first batch of offers)?
If 5 reprint
rights license holders sent out the standard email (you know the drill, “new
product released, here are the details, blah blah blahâ€) and 1 smart marketer
sent an email with a free high-quality offer attached for the same product...
I'm guessing they'd go with the 1 guy or gal who did things differently.
What do you think?
You're probably thinking "give me that year's
supply of free gas for my new car!" Right?
---------- [ Sidebar ]
---------
You need to create an incentive, an unfair advantage over your competition. You need something that convinces folks to buy from you.
Something Interesting Happened
On The Way To Send
Out A Mailing...
Here's an interesting twist on things that I wanted to let you know. The idea
of "incentive marketing" not only applies to NEW offers, but can even work to
produce sales for older products.
For example: I put together a free
eBook entitled "Killer Marketing Secrets Revealed" about 12 months ago in order
to produce sales for Ken Silver's eBook Secrets manual that I had purchased
reprint rights to sell. I offered it as a free bonus to anyone who ordered from
me.
Ken's product had been available for several years and was
offered for FREE at several big sites like the Warriors and Make Your Knowledge
Sell.
Despite the fact that THOUSANDS of copies had been in circulation prior
to me purchasing the license, I sold hundreds of extra copies within just a few
months.
MANY of those customers told me this: "I already had a copy of eBook
Secrets, but it was worth buying again just to get the free copy of Killer
Marketing Secrets Revealed."
See how this works?
Offer an
incentive in ADDITION to the product itself.
Exclusive bonuses come to
mind.
- Personalized assistance.
- Additional training.
- A special report.
- Your top secret “resource directory.â€
- An exclusive interview with the author of the product.
You get the idea.
To Be Continued In Part four