Any
article, report or book which is bought or sold with reproduction rights
is generally referred to as self-publishing material. Most commonly,
this material consists of reports or articles varying in length from 1
to 20 or more pages. This material usually has a self-cover. In a
self-cover, the same weight of paper is used as in the text. Most books,
on the other hand, have covers which are of a heavier weight than the
text of the book.
The seller offers self-publishing material including the reproduction
right, at a price considerably higher than he would offer the material
when sold without reproduction rights. Reproduction rights are granted
when the holder of a copyright grants reproduction rights to the buyer.
These rights can be unlimited, giving the buyer the option to re-sell
reproduction rights for the material also. Or, they may be limited. In
this case, the seller will generally allow the buyer to reproduce the
material as he wishes, but restricts right of resale. Since the
strongest demand is for material which grants full and unlimited
reproduction and resale rights, it would always be advantageous to
obtain the right to resell reproduction material.
There is a vast demand for this type of material, especially from
newcomers in the mail order field. Since the stream of newcomers to this
business is almost unlimited, it can be extremely profitable to market
self-publishing material. The attractiveness of this material is due
both to the high mark-up potential and the ease of handling. Once you
own the resale rights to a given article, you can reproduce it for
pennies and sell it both individually for a few dollars. or including
the reproduction rights, for substantially higher.
Here's a typical example of purchasing and selling price. A five or
six page article may have a purchase price of anywhere from $8.00 to
$15.00. The same article, without reproduction rights, would have a
price range of $3.00 to $5.00. Once you own the reproduction rights, you
can have it reproduced for 20 to 50 cents a set, depending on how many
copies you have made. But let's use the high price of 50 cents and a
selling price of $4.00 without reproduction rights: profit $3.50 = 700%,
or with the reproduction rights of $9.00: profit $8.50 = 1700%. Not
shabby at all! It is especially impressive when you compare that margin
to buying a book from a supplier for $3.00 and selling it for $9.00:
profit $6.00 = 200%.
The other major advantage is the ease of handling of this material.
You are the prime source. You carry no inventory. You reproduce in small
quantities as you are selling the material. The material is
inexpensively shipped, generally via First Class due to its light
weight.
Supply and Demand
The supply and demand fo this type of material is plentiful, but that
supply represents a small margin when compared to the incredible demand.
It is usually the newcomer to the mail order filed who has to first
establish his product line and supply who is the buyer. The seller, on
the other hand, is more seasoned and has been in the business for a
while.
If you are in the market and interested in acquiring self-publishing
material, you should have no problem locating sources. You will see ads,
mostly classifieds, throughout business opportunity publications. Small
and medium size wholesalers and publishers in the mail order field also
offer a variety of material. Since they generally charge an "up-front"
distributor or dealership fee, the material they offer will generally be
at much reduced prices.
Most of material offered will be of an instructive nature and this is
also where the demand is. Articles or short manuals which are
instructive in how to start a business or how to operate different
facets of that business are in especially high demand.
Unfortunately, since there is a great deal of sub-standard material
on the market, you should be careful in acquiring articles and reports
for resale. The material may lack in any of these three areas:
1. the contents are incorrect, incomplete, etc., which is generally
the result of poor research and little effort by the writer;
2. use of language is incorrect; and
3. reproduction quality is poor.
If you do not know the seller or his reputation, protect yourself by
buying just one article instead of several. If you like the quality and
contents, you can purchase several more. Sellers of reproducible
material will often not grant a money back guarantee. If you become a
seller of reproduction material, it is strongly suggested that you
consider adopting such a policy yourself. Unfortunately, there are some
customers who will buy this material, reproduce it instantly and return
it within days for a refund.
Write Your Own Material
If you enjoy writing and some limited research, you could create your
own material and sell that in conjunction with the material you have
acquired from other sources. We are not talking about the ability to
produce literary works but just information-oriented material that is a
service to others. This type of an effort can often be a joint effort.
Your wife or husband may be the writer and you may be the editor or vice
versa. There are also many qualified word processing services available
who can edit your writing for a reasonable fee. Once you have created,
it, you can generally sell it for many years to come. So, whatever your
start-up investment is,, it can be recaptured many times over.
Material from the U.S. Government for Very Little Money
The U.S. Government, which is also the largest publisher int he world
by far, employs tens of thousands of researchers, scientists, writers,
etc., and puts out billions of new pages of information each year. Much
of it is of absolutely no interest to almost anyone, a lot of it is
boring, and even more of it is useless. But - but - but a lot of it is
not any of the above. Almost all of the materials is also in the public
domain, which means you and I own it. We paid for it with our tax
dollars. It is not copyrighted and everyone can use it, reproduce it,
re-write it, etc. So since even foreign countries use this unlimited
pool of information, why don't you? For example, the Government has a
variety of useful publications that are informative and instructive to
someone who is starting out in a new business. The best way to use
Government publications is by using the research information it provides
- fact and figures. You can rewrite it, of course, but not copyright it,
and therefore you cannot sell reproduction rights to it. However, you
can sell it without reproduction rights.
Write to: Superintendent of Documents, U.S. Government Printing
Office, Washington, DC 20402 and request a current listing of
publications for sale by the Government Printing Office.
There are U.S. Government bookstores in the following cities:
Birmingham, AL - Los Angeles, CA - San Francisco, CA - Denver, CO -
Pueblo, CO - Washington, DC - Jacksonville, FL - Atlanta, GA - Chicago,
IL - Laurel, MD - Boston, MA - Detroit, MI - Kansas City, MO - New York,
NY - Cleveland, OH - Columbus, OH - Portland, Or - Philadelphia, PA -
Pittsburgh, PA - Dallas, TX - Houston, Tx - Seattle, WA - Milwaukee, WI.
Locations are listed under U.S. Government - Bookstore.
Marketing Your Self-Publishing Material
You can market your material in several ways. One would be via
advertising and, at least for starters, this is the preferred way.
Another method would be via direct mail. This is acceptable, but only if
you are quite certain that the list you are renting represents the
interest group you are selling to and is of recent vintage. Lastly, you
can market your material as an enclosure with other orders you are
shipping. This is called "back-end sale".
Advertising would be the most effective. It is suggested you run a
classified in any of the major monthly Business Opportunity magazines.
Here are the names of some of the best known of such publications:
Entrepreneur, Money Making Opportunities, Income Opportunities, Business
Startups, Opportunity Magazine. These are just a very few of the many
large publications and there are even more smaller publications
available.
Your ad may read something like the following:
INSTANT-PUBLISHING. Enormous Profits. Free details on reproduction
rights. or
SELF PUBLISHING. Over 1000% profit. Wide selection. Free details.
An ad such as the above or one similar will bring you inquiries. It
is your marketing task to turn as large a percentage as possible into
buyers. To be most effective and to outdo your competitors, you must
meet these criteria. Your product must be priced properly. Your sales
literature has to be appealing.
When pricing your product, first take a look at what the competition
does. You can find out by responding to similar ads. In that way you
will not only learn about pricing, but also see a variety of
presentations and selections. Don't be greedy. Stay a little below the
competition but allow yourself a fair profit. Remember, your mark-up has
to pay for advertising, printing of your sales material, postage and
miscellaneous overhead cost, not to mention your time and effort.
Some of these products are sold at ridiculously low prices, and on
the other hand, some at extremely high prices. Neither is effective. If
you are too low, you will be suspect of offering something sub-standard
and, if you are too high, your material will be trashed. The idea is to
stay a little below the average selling price. There is no quick fix in
finding out what the averages are. You simply have to take the time to
write to as many competing offers as possible. If you are buying
material from a publisher who provides you with sales material and
suggested retail prices, you may want to stay below the suggested price.
In this way, you do not have to redo the promotions material. Also the
public is attracted by perceived deals.
If you product is priced correctly and your ad is in the right
magazine (under the right heading - general business opportunities), the
only thing left is your sales literature. It is also the most important.
Remember, in the mail order business,, the customer cannot see, smell or
feel the product before buying it. It is therefore, absolutely of the
utmost importance that your material looks impeccable. This point cannot
be stressed enough. In my own testing over the years, I have determined
that the same product at the same price but represented by an excellent
looking package will outsell the same product represented by a less than
average package at anywhere from double to triple the cost. And therein,
can be your success or failure. When you ar relatively new to our
business, you will generally be charged with enthusiasm which is great
because it is the energy what will propel you to success. But your
impatience and enthusiasm has to be controlled, or you will make costly
mistakes and you may become discouraged. So, take your time and be sure
your material looks first class. This is the wrong place to save a few
bucks. Here are a few suggestions to help you in achieving success with
the presentation of your piece:
1. Unless you are using a ready-made circular or brochure which you
received when buying your reproduction article and it satisfies you in
every respect, have your piece laid out by a graphic designer or
experienced desk-top publisher. In most medium and large cities there is
an ample supply of these professionals. Many of them operate out of
their residence and charge reasonable prices. Before you select one,
visit several and look at what they have done for others. If you don't
like what you see, keep on looking. Remember, the person you choose can
make or break you. Prices for layout of a single page may vary from $20
to $50. Since your promotional piece will generally only consist of one
or two pages, this is a small price to pay for success.
2. Have the written word used in both your sales letter and
promotional piece checked by someone who is absolutely competent in the
use of the English language. Your best bet there is a reputable word
processing service that has been around for a while.
3. Have your sales literature printed by a professional printer.
Cheap copying jobs are fatal.
It must be obvious to you by now that I feel extremely strongly about
the subject of first class sales literature. When your prospective
customer pulls your material out of the envelope - or, does he even open
it - (experts tell us he does that anywhere from 30 to 100 per week) and
looks at your material (again, experts tell us it is an 8 second look)
before he decides whether to trash you - boom there goes the whole damn
effort into a waste can in a split second - or look at you further? So
give yourself a break and do things the right way. Make it look
professional. Modern technology enables your literature to look just as
good as the literature from a large corporation.
The components of your sales piece should consist of the following
items:
1. The circular - brochure - flyer, etc. This can be from one to
several pages in length, depending on how many items you are featuring.
2. A sales letter. A good sales letter requires sweat equity on your
part. There is no easy way out. You cannot have someone else do the work
for you. They can help you, but not do it completely. A good sales
letter should be friendly in tone - full of benefits for your
prospective buyer - must have a good headline - explain the features of
your product - say as little as possible about you. Your customer does
not give a damn about you, he wants to know what's in it for him. And
lastly, every sales letter must ask for the order.
3. An order form that can be separate or build into a promotional
piece.
4. A return envelope. It is not necessary to use prepaid envelopes.
My own research indicates there is no difference in conversion rates
between prepaid and non-prepaid business return envelopes.
5. Your mailing envelope.
If you should decide to choose direct mail for your self-publishing
material, your offer will require the same components as shown above. It
is, unfortunately, extremely difficult to come up with just the right
mailing list. The broad description of "Opportunity Seeker" does not
narrow down your market enough. You are specifically interested in
recent - 30 to 180 day - inquiries - or buyers of self-publishing or
mail order start-up packages. If you are confident you can come up with
such a list, you may give direct mail a try; a mailing of 1000 will give
you a good indication. What you will save in advertising will be spent
in additional postage and printing. One hundred inquiries of a
classified ad may produce between six and nine buyers. To come up with
the same number of buyers on a direct mail campaign, you will have to
mail about 500 to 700 pieces.
A Few More Profitable Suggestions
It is important to have an ample selection. The more a prospective
customer has to choose from, the better the chances for a sale are and
the higher the average order will be. I would suggest that the combined
articles or reports you are offering will total about $100. Ideally,
some would be low-priced $7 to $10, some medium, $10 to $20 and some
high priced over $20. If your prospective customer would buy around 35%
of the reports you offer, you should come up with an order of at least
$30 plus.
As you progress in your business, always be on the lookout for new
material to be offered to your previous customers. Stay in touch with
your previous buyers and inquirers. At least four mailings a year are
appropriate. In your follow-up mailings, you should offer additional
self-publishing material as well as books. Non-buying inquiries should
be dropped from your mailing list after 12 to 15 months. Previous buyers
should be dropped within 18 months after their last purchase. As your
mailing list increases in size and you keep on a schedule of regular
mailings, your revenues and profits will dramatically increase.
Self-publishing products may be your start into the mail order
information business or they may increase the size of your business if
you have not previously offered this type of material. Some of the most
successful mail order entrepreneurs have never sold anything but
self-publishing products and have made a great deal of money doing it.
Wishing you success and remember, before you can earn you must learn.
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