ComputerHunter.org |
|
|
|||
|
 |
How You Can Acquire Exclusive Rights To Products; Part 1 of 2
If you have a marketing business, chances are you get excited at the prospect of acquiring a new product to sell. One challenge to marketing, especially over the Internet, is the amount of competition. Affiliate programs often create an enormous amount of competitors offering identical products. Experienced marketers realize the benefit and excitement of being the first to make a new product offering of an affiliate product, or even better, their own exclusive product. Suppose you've done your research and located a couple of products that you believe potential buyers are seeking, ones you feel are the next generation of hot, high demand items. You want to offer them and beat the competition to the niche market. You know you could really make a financial killing if you had exclusive rights to them, by marketing them yourself and through your own affiliate program. How do you acquire exclusivity of these products? The prime benefit of having exclusive product rights is the level of control you have and potential for greater income. Personally, I will only represent products that I control through exclusive rights. The only exceptions are affiliate programs, but this is a different discussion entirely. I am excluding affiliate programs relative to this subject, since they are the exception. I have been marketing products in many categories for nearly forty years, both intangibles (services, financial etc.), and tangibles (physical products in many categories) and have made most of the mistakes possible, as well as my share of successes. Experience teaches you to not waste your time, money and effort. The following is an overview of the basics to acquiring product exclusivity. I only represent products that I can gain exclusive rights for my market and I will get paid something for every product unit sold, even if sold by others. Exclusive rights means no one else can purchase that product without purchasing it through you, including wholesalers, distributors, affiliates, and etc. The secret is to locate a product already selling, but is not available in your niche market yet. Its exposure is currently very limited. Many companies make great products but don't really know how to sell them, or how to locate and reach other markets. That's where you come in. Think outside of the box. You are suggesting to the manufacturer or company that controls the product that he should give you exclusive rights for a special market he isn't yet covering. Once you show him you can perform, he will likely give you additional exclusive rights for that product or service in other market niches. For example, he's selling his product only through distributors that sell to retail stores, who in turn retail to the end user, the final customer. He would like to reach new markets if the opportunity arose. That's where you come in. You desire to sell over the Internet, through your website, newsletter, and affiliates. You're opening up a new, potentially mass market for him. Perform well, and you may get international rights, direct mail exclusivity and etc. I negotiated total exclusive rights on a product, in all markets, even though the manufacturer was directly selling to over 200 clients nationwide. And, we secured international ? worldwide exclusive rights. He realized we could outsell him even in the market he was already serving and he was satisfied with the bigger picture of my group handling all sales. He realized he would make more income with much less work on his part by having us make all sales. The nice thing about a product that is already being sold in a very limited market is the manufacturer can already provide you with literature, product samples and his successful marketing programs. In the USA, I never had to pay for initial product samples, though I understand that climate is starting to change. I have paid for a few foreign samples over the years. Did you realize that it's been reported that only about 4% of all manufactures export their products outside of America? Did you know some companies secure exclusive rights on a product or service, then sell those rights to a third party that is setup to market it? Sometimes you can just work as a Finder making an income through selling your services through the Finders Exchange. There is great value in securing exclusive product rights. How To Request Exclusive Rights · Since most manufacturers only sell their products through two or three methods, you may get exclusive rights for other markets like the Internet or mail order. · Once the manufacturer sees you can perform in the market he's assigned to you, he will likely give you additional exclusive rights to other markets. · Never pay for exclusive rights. You are opening up new markets and sales for him at your expense. Remember, time is money and that's what you will be providing. Your total upfront cost should be for postage, and maybe a sample if you can't talk him into a free review product. · Don't buy a large upfront inventory. If possible, just get a few samples, and work with these and possibly some pictures or catalog sheets (glossy pictures with product description and specifications). If you need an inventory, be conservative, and start with as little as possible. Use all the existing selling aids you can get from the manufacturer, to start with. · Don't be afraid to ask for what you want. If you calculate you realistically need to make a certain amount of money per unit, and you expect to conservatively sell a specific minimum of units per month, don't be pressured into higher prices or greater sales numbers. Only settle for what you believe to be fair and realistic. If they want more than you believe fair or realistic, pass up the product and find another one from someone else. · When negotiating for new product exclusivity, expect to get your share of refusals and turndowns. Keep plugging along and you'll likely get that winner in time. The manufacturer wants to work with you, and especially wants you to succeed. But, he wants to be represented by a true professional that can perform, making sales according to his goals. It's your job to convince him you are that person. Give him reasons why you can perform by showing some past successes, and your ability to penetrate the market you are requesting exclusivity for. Don't be too specific or you'll give away your trade secrets and he may feel he may not need you, because he now believes he can now do it himself, since you've given him the idea. The steps to gaining exclusive rights are in Part Two. Bob Dean Stanford, aka Maverick, age 58, is host of the upcoming television show "The Maverick Entrepreneur," scheduled to air in September 2005, targeting aspiring entrepreneurs and home business individuals. His new Internet radio show of the same name is scheduled to air in July 2005. He specializes in creative and backdoor (creative) marketing techniques with emphasis in business consulting, marketing, new product development, and newsletter publishing. Subscribe to his FREE newsletter "The Maverick Entrepreneur" at http://maverickentrepreneur.com (TV show support website) or http://stanfordtc.com (Stanford Trade Center, Inc.)
Google News - Top Stories
|
|
|
|
RELATED ARTICLES
Internet Marketing: 10 Blazing Internet Marketing Secrets To Sky-Rocket Your Profits Your turn to succeed has come. How to Choose an Internet Marketing Strategy on a Shoestring Budget An Internet marketing strategy is important if you plan on getting your website noticed by web surfers, however getting your website noticed by many people is not so difficult even if you are on a shoestring budget. The reason for this is many of the marketing strategies you need to employ can be done for free if you are willing to put the time and legwork into getting them established. It really is the best way to go if you want to save money. Consider the following suggestions for getting your website noticed by Web surfers worldwide. Internet Marketing Online: How To Make Your Customers To Keep Coming Back To Buy From You There are a few internet marketing online secrets that when implemented, will force your customers to keep coming back to buy from you. To All Internet Marketers - How To Get My Business More and more people are realizing that the Internet offers great potential to set up a healthy business for pennies on the dollar. This is good news for internet marketers - but it also means that they need to lift their game. Constant Change Is The Only Certainty In Online Marketing This old saying which addresses the variability of the weather in Montana is also applicable to the volatile market dynamics for an online business. If there is one thing that is certain about the future of online marketing, it is that it will continue to constantly change. How Your Hobbies Can Help You With Your Business Everyone has a hobby or interest that they have a particular passion for and, hence, are probably quite knowledgeable in this area. Time Management And Organization For Online Marketers TIME DEMON. For online marketers, time is one of their most important assets -- time spent marketing and selling their products. But often, organizing information (i.e. ad copies, sales letters and contact addresses) and managing this information eat up much of online marketer's time. Precious time that could have otherwise been spent selling products and earning money. Traffic, Money, How To Get There Want more hits to your website or someone actually buying? This is a good question. GoDaddy?s Super Bowl Commercial Success GoDaddy made a calculated decision to nationally "brand" their name using the Super Bowl commercial. They also decided to make their commercial "news" by making it a racy play off of last year's Janet Jackson fiasco using the Senate Hearings theme. This made the commercial more then just a commercial. It made it News. I read about the commercial in Time magazine 2 weeks before the Super Bowl even aired it. Using this clever trick GoDaddy was able to make the most of their airtime by receiving press before and after the commercial. This extra press only further "branded" their name with consumers. Bring Spirit Into Your Online Business For people who have decided to strike out on their own entrepreneurial careers, the currency of choice for lasting and meaningful compensation?and the primary reason they left the "rat race" is?spiritual fulfillment. Five Simple Steps To Make Money Online This New Year Most people in a new year make resolutions to make more money and attempt to make money online. However it is also true that a vast majority of people fail to actually make money online. Why is this? Most people in their haste and enthusiasm to make money online go all out and attempt to "try their luck" and go around purchasing advertising to promote and try to sell whatever affiliate program or home based business opportunity that they have with no results to show for it. So not only are they not making money, they are losing money online. Exploring Beyond Keywords Into Behavioral Research If you have ever studied search engine optimization, then you'll know that most educators place tremendous importance on performing good keyword research. After all, it's true that we need to optimize our pages for the best phrases, or we will never realize our true traffic potential. It's all about trying to attract the ideal audience of searchers to our Web site, right? Is that not what most of people do? They build a Web site offering their business services, then they say to themselves "How do I get traffic to my site?" For many Web site owners, their source of traffic is an after-thought. Find Your Niche - The Internet Marketers Goldmine If you haven't heard the word 'niche' being batted around by Internet Marketers then you haven't been listening. Finding a niche has become the antidote to competing in overly saturated online markets. How To Get Free Publicity For Your Business You don't have to spend thousands of dollars on advertising to build an effective campaign. In fact, you can get great publicity that will drive customers to do your door absolutely free of charge! Marketing Objectives for Your Web Site Do you have marketing objectives for your Web site? With objectives to help overcome your main online challenges you can work smarter, not harder. Understanding the Power of Viral Marketing Online The story of how Hotmail moved from zero to a couple of million subscribers in a few months is one that is often told in many sites all over the net. However it is a story that many do not quite understand. If they understood it, we would be seeing many more online success stories and fewer online failures. Because the word has also been over-used by hype peddlers, many times people associate the word viral with spamming and other online activities bordering on the illegal. After Fifteen Years Or More Of Frustration With Internet Marketing, I Think Ive Found It! Hello Internet junkies and friends, A Few Things I?ve Learned About Doing Business On The Internet! A few things I've learned about doing business on the Internet! How To Be 100% Sure That Your New Product Is A Winner Yes folks, there is a way of making absolutely certain-sure that you have developed a winning product. Getting noticed on the Internet - Digital Marketing for Small Business The Internet has grown from a small network of academics needing a way to trade research into a world-spanning, ubiquitous marketplace and repository for nearly every possible kind of information and knowledge. How does a small business avoid being washed away in the constant tide of buying, selling and marketers hawking every conceivable item (and some difficult to conceive...)?
|
|
|
|
|
