Re: How To Make $4,000 selling your book (Limited License Concept)

>thanks for the excellent response and breaking down the info, it sounds excellent.thanks Bonnie Lee

Hey Bonnie

> I was writing so fast I guess it did come off as confusing.

> Let me see if I can explain better.

> This is kind of a simplified version ...but it should be a lot more
> clearer...

> Lets just say you sell a book, video, ebook or any informational product
> and you have a set price for lets say $19.95 per product.( example)

> You can sell that product for $19.95 and that customer just buys it to use
> the information and thats it....

> If you are trying to make $4,000 in a short period of time...you would
> have to sell 200 books to make it happen and depending on what the subject
> is...that might take some time.

> Some people cant sell 200 books in 4 years and others can do it a lot
> faster depending on your marketing experience and strategy.....but if you
> need to make alot of money very quickly...then you might have to do it
> another way...

> So now...you have a second option. That is to offer reprint or resale
> rights to the product( which is more valuable because you are offering a
> chance for other people who want to get in business a chance to make money
> off your product.)

> You see alot of people doing that now. However, if you offer it to every
> person that ask for it ...the value of the resale license isnt quite as
> effective because the person that wants to buy your resale or reprint
> offer sees a thousand other possible competitors.....

> So what you want to do is possibly stick with a third option....

> You limit the amount of people who can buy it to a set amount....so lets
> say, you offer the book that you usually sell for $19.95 for $197.00
> for the only the first 20 people within a certain amount of days( say 30
> days) who take the offer get the license.......

> Instead of making 200 sales, you only need to make 20 ..sales to reach
> $4,000.

> When a person buys your resale license, you actually draw up a real paper
> license and then mail the license buyer not only the product but a real
> paper license in which they must sign and return to you. This make it
> official.

> Now.....there are plusses and minuses to this type of deal.

> Plusses

> * You get paid a lot more money for the same item

> * You get paid large amounts in a very short period of time

> * You dont have to market quite as hard

> Minus

> * You now must compete with others for your own product.

> * In the long term it becomes harder to make money because people might
> sell your product cheaper and therefore diminshes the value however by
> selling it to 10 or 20 people ( with a real signed paper license)..it
> becomes .

> Thats why I tell people who have fears on whether they should take the
> time on creating a book for fear that it wont sell...is to have a backup
> plan.

> If you feel you book isnt selling that well...offer it as a reprint and
> people will buy it and that way you wont feel like you wasted your time.