2 Suggested Online Business Models To Profit From

Model #1: Private Label And Resale Rights
Do you like the idea of owning your own product, but still don't want to go through the hassle of coming up with products ideas and doing all the creative work? 

Private label rights/resale rights might be for you. First, let's define our terms… Private Label Rights: These give you the ability to take a pre-existing product, and put your name and branding on it.

In other words, you get to label and promote the product as if it were your own. Note, this is not affiliate marketing.

You'll actually be the one delivering the product, and processing payment transactions (you can set up your own affiliate program to promote it). There are lots of products which can be private labeled.

 

 

 The most common private label rights products are usually ebooks or software, but there are also opportunities to private label services, such as autoresponders, and physical goods, like vitamins or candy bars, etc.
Resale Rights:
These grant you the right to sell a product as if it were your own, but without the benefit of putting your name on it. You aren't allowed to alter the product in any way. If you want something you can alter, edit and improve upon, then look for either private label rights or master resale rights. Now that you understand the terms, let's talk about how you set up shop. 

First, you'll want to choose a niche market to focus on.Your choices might be constrained somewhat based on where you're acquiring your rights from. Most of the information product rights opportunities center around popular subjects like cooking, relationships, health and finance. Rather than acquiring rights one product a time, people generally sign up with membership sites which offer a variety of resale and private label products on a monthly basis.

Model #2: Creating And Selling Products 

 
The Public Domain: The public domain is really a blessing to info-product marketers. Imagine creating a full-length ebook without ever writing a single word? You can find a lot of usable content in the public domain – everything from books to images to audio. 

 

As long as the copyright on the work has expired, it’s for you to do with as you wish. The bulk of the work you'll have to do to create products this way comes down to getting them into a salable format.  

 

Most public domain books, for example, are not yet digitized – and the ones that are, are typically distributed as text files. This means you'll have to reformat that content into a .pdf file (the standard file format for ebooks) before you sell it. Of course, you'll want to use your own header graphics and other bells and whistles in the ebook as well. Although public domain content is a great way to get an instant product, there are also some obstacles involved in uncovering appropriate niche topics. 

 

Again, only a fraction of the public domain has been digitized and made available on the Internet. So, if you're just using site like gutenberg.org try and locate the content, you'll have a difficult time locating it. In order to unearth the real gems, you need to search through the WorldCat database. WorldCat is a database which links the card catalogs of libraries around the world.When you do a search via WorldCat, you have access to literally thousands of little-known public domain titles.
 

Somewhere out there is a library which holds the physical copy of the work you're looking for in its collection. Once you locate that library, you can request that work via the Inter library Loan System, and have that work mailed to your local library for pick up.  

 

Pretty neat, huh? So, the first thing you need to do is log on here: http://www.worldcat.org, and then click on “Advanced Search” .
 

Now, you can do one of two things:
 

1. Use some of your niche keywords in the “Keywords” search, or
 

2. Use some of your niche keywords in the “Title” search.
 

Now, go down to the bottom of the form where it says “Publication Date”.
Enter something like 1870 as the year for the start date, and enter 1923 for the end date.
What this will do is pull up titles matching your search terms for works which should be in the public domain.What we're aiming for here is to get a broad list of titles pertinent to your niche.

For my search, I entered “cooking” as my keyword.
One of the interesting titles the search pulled up is: “Clever Cooking”, published in 1903.
 

This should be in the public domain. I go ahead and click on the title. Now, here's where it gets interesting. The WorldCat has automatically detected my location based on my IP address, and returned a match for the library closest to my location that has a copy of “Clever Cooking”. 

 

I can now click on the web link to that library's website, and fill out my Interlibrary Loan Request to check out the book.
- What happens when I get the book? Once you've found a good title you want to turn into a product, you'll need to get it into ebook format. This is probably the hardest part of the process. 

 

Unless the book is extremely short, you're probably not going to want to type the entire contents of the book into your word processing program :)  What you'll need to do next is find an OCR scanning service. OCR stands for “optical character recognition”, and it’s basically a type of software that can recognize text within images.When you do an OCR scan of a book, you scan it on a regular scanner, just like you would for a picture. The software then tries to convert what it sees into text. 

 

You should be able to find some companies in your area that will perform this service for you. If you can't find any, though, you have two options:
1. Do the scanning and conversion yourself (still somewhat time intensive and will require you invest money into the needed tools)
 

2. Send the book by mail to a company such as http://www.datadash.com - Whether you can do this will depend on how long you're allowed to keep the book checked out.
 

Some titles ordered through inter library loan can be kept for the standard 2 weeks. This is usually enough time to mail off the book, get it scanned and mailed back to you. I recommend going with a pro service whenever you can. It will take a lot of the burden off of you, and ensure more professional results. 

 

Once you've got your book in its final format, its time to start marketing. You can sell it as a digital download, or you can put it on a flash drive. You can sell it from your own website, or you can sell it on Ebay. 

 

It’s never too late to start looking for your next public domain product, either. You can have a 2nd product in production while the sales are coming in on the first one. The fact that you can roll out product after product with public domain information is one of the reasons it’s so addictive, and so profitable. Have a nice day.