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Create And
Market Self-Publishing Articles
An Introduction to Self-Publishing Material
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 for 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 in
the 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 are 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.
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