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Remember! You cannot buy and edit a product if you do not have the Private Label Rights to it.
Now that we have got that part clear, let’s check out the 3 common Private Label Rights (PLR) product sourcing mistakes you should avoid!
PLR Sourcing Mistake #1: No Demand
No matter how attractive or high in quality the product is, if hardly anyone is looking for it on the Internet, your money invested into the product can be well down the drain.
Sure, you can do what you like most, but I think that a business person should be focused on meeting the demand or as most people say, “fill the niche”.
So, rather than looking into the product aspect just yet, check out the demand first. Is there a demand for the solutions found in the product in the first place? Are people actually looking for this product that you are looking at right now?
Basic business sense, but most people get it wrong where they place the importance of the product first in front of the demand. You paid good money for this guide so please don’t do that, too!
Assuming the product with Private Label Rights you want to purchase is targeted at weight loss (hot market by the way), type in the keywords related to the weight loss topic into the Search box. In about 30 seconds or less, the results will display how many people have searched for that specific keyword or related in the previous month.
Hypothetically, the more searches, the bigger the demand.
But we are not really done yet. The next question that you will want to find out is that are people WILLING to pay for it?
That is just as important because if there is plenty of people looking for that particular information but are not willing to pay for it, you have no business, either.
Also, you must consider the practicability of your product format. As an example, you purchase an E-book to “how to breakdance” (b-boy). While breakdance is a hot market where there are new people want to learn this amazing dance form every day, the truth is that a book is not practical to teach one how to breakdance. Unless the book is in multimedia format and packed with video clips, one cannot possibly learn much about breakdancing from an E-book, especially since breakdance involves a lot of physical training rather than learning theories.
An E-book written on Yoga may be suitable, however, since one can learn Yoga through reading the book, seeing diagrams and later put them to practice. Unlike breakdance, Yoga does not have any swift and fast moves that you really have to practice and grill yourself to see a movie clip, frame by frame.