WebMaster Solutions
Private
Label Rights Marketing
Big Ticket
PLR Products
by Kenneth Catto
As an online
marketer you are always looking for fresh new
products to promote. One of the fastest ways to
acquire new products is to purchase Big Ticket
Items with Private Label Rights (PLR). PLR Big
Ticket Items usually start at around $147 for a
range of 5 to 10 e-products that have not been
previously released on the internet.
PLR Big Ticket Items provide you with a wide
range of options in order for you to grow your
online business, but are they really worth it?
Consider the Positives:
With PLR Big Ticket Items you buy an instant
“business in a box” solution. This requires you
to do no work on creating the product, and in
addition these big ticket items typically come
with a web site, professional sales pages and
graphic images.
You receive a number of products that you can
resell immediately after setting up your payment
processor. All that remains is for you to market
your products.
If you have an existing mailing list centered on
your niche products, your financial outlay to
purchase the PLR big ticket items can be viewed
as an investment in which you can immediately
make significant gains.
Further, with PLR content you typically have the
right to use and repackage the content in any
way that you can – depending on the rights and
restrictions that come with the package when you
purchase.
This provides you with a lot of flexibility when
offering your product to end users. For
instance, you may brand the products with your
own (or affiliates) name and website. Although
you cannot claim copyright to the product, by
repackaging it with other PLR products you may
be able to create a whole new product with a
higher perceived value.
Consider the Negatives:
Although you purchased the products with the
right to do anything with the content, you do
not own the copyright. Even if you are
encouraged to put your name on the product, you
are unable to copyright it unless you make
significant changes to the product itself, so
that it becomes quite unlike the original
product.
Another factor that you need to consider is that
a limited number of other marketers will also
possess the same PLR Big Ticket Items. This
amounts to a small amount of competition.
There is also likely to be restrictions on the
sale and use of the products. These are usually
introduced to preserve the long-term value of
the product in the marketplace. While this
limits your marketing methods, it also stops
other marketers from introducing too much
competition and reducing the overall value of
the product in the market place.
As the PLR products are introduced into the
marketplace, some marketers may purchase
products with Master Resell Rights, so you will
be competing with a higher number of marketers
than the original “limited” number who purchased
the products with Private Label Rights.
Your Strategy:
Now that you know the benefits and risks of
purchasing PLR Big Ticket Items, let’s look at
your strategy for acquiring the products.
1. Are the products in your niche?
Don’t even consider purchasing the products if
you think that you will be unable to resell
them, or if you don’t plan to use them.
2. What level of Rights do you need in your
business?
Do you need to own Private Label Rights for what
you want to do with the products, or can you
purchase them individually from other marketers
with Master Resell Rights?
3. Understand the restrictions.
You may be attracted by the ability to own
content that you can do anything with, but check
out the things that you can’t do. For example,
some common restrictions are that you are unable
to resell the item on auction sites, or you must
meet a certain price criteria.
4. Is the price affordable?
Don’t rack up credit card debt in order to get
the products. Spend wisely!
5. What is your expected rate of return on your
investment?
If you are spending $147 (or more) to purchase
PLR Big Ticket Items, when do you expect to get
that money back? How much profit do you expect
to make once you’ve paid off the initial
investment?
6. How do you plan to market the products?
A marketing plan is essential to knowing how to
make money from any product that you promote. If
you are purchasing PLR Big Ticket Items then it
is important to consider how to market each item
prior to purchase.
7. Can you include the products in Membership
Sites?
8. Do some keyword research.
Are the products as popular as the owners claim
them to be?
9. Will you add value to your website, your
customers and your affiliates if you purchase
the PLR big ticket items?
10. Can you give the products away for free?
If so, consider that the market may become
flooded with the same products in the next 3
months by other marketers using this approach to
gain subscribers,
Are PLR Big Ticket Items for Everyone?
Using your strategy, you will need to determine
whether purchasing the PLR Big Ticket Items will
enhance your business model and make it
attractive. Beware of being caught up in a
buying frenzy in order to claim the ‘latest to
market’ products, especially if you have no plan
to market them.
However, if you carefully consider your strategy
then purchasing PLR Big Ticket Items can provide
you with some heavy hitting products and tools
that can seriously boost your online income,
without the enormous time and effort required to
create your own products.
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