As you may already suspect, there are many different kinds of resell rights that you can buy or sell. You'll need to know about all of these if you're interested in how to start a business.
Here are the main kinds:
- Resell Rights
You'll have the right to resell a product:
This can apply to both physical and digital products. Where digital product is concerned, you resell the product and keep 100% of the profits without losing the enjoyment of having the same product to sell over and over again. Digital products are duplicable in nature.
- Basic Resell Rights
You'll have the right to resell the product, however, your customer will not have the right to re-sell the same product to another person. You get to keep 100% of the profit after every sale you make.
- Master Resell Rights
You'll have the right to resell the product and you'll also have the Basic Resell Rights, itself - to sell to your customers. In turn, your customers can resell the same item to their customers. Master Resell Rights can either be bundled together with the purchase of the product or - purchased separately from the original product.
- Private Label Rights
This is THE GRAND-DADDY of all resell rights! Buying Private Label Rights will almost always give you the right to change the product in any way you like, to put your own name on it, sell resell rights or even master resell rights to others and to basically use and treat the product as if it were your own creation.
- Give Away Rights
You can give 'Give Away Rights' products away for free. In most cases, however, you cannot resell and/or edit it.
- Royalty Rights
You'll have to pay the original product author or franchisor a percentage of every sale made by you on a Royalty Rights item. This right normally applies to physical products. McDonald’s and bookstore books are examples that demonstrate this right.
There you have it...the basic run-down of different types of Resell Rights.
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