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Kick Butt Business Ideas for 2005 and Beyond!
 
 
 
 
 


Kick Butt Business Idea #1

 


This article is a part of the eBook. Please use the link at bottom to read the rest of the eBook...successful internet businesses


Of course, none will ever be studied. They are simply stored away - presumably to keep them out of the hands of the bad guys.


So what does Indiana Jones and the Raiders of the Lost Ark have to do with you making money with Niche Info Products?


Only this...


I have discovered a virtual warehouse full of forgotten treasures worth potentially billions of dollars!


This warehouse contains the collective group of creative works that have quietly disappeared into the Public Domain.


If you're not familiar with the term "public domain" allow me to give you a general idea of the legal and business power contained in these two words. At a very basic level, "public domain" means...


...anything that is NOT protected under US copyright law. This includes ALL works published before 1923 AND, under certain conditions, works published up to 1978. A 'work' can be anything: a book, a play, music, photographs, movies, manuals, reports, posters, etc...


Re-publishing and re-packaging public domain information and other creative works can make you a lot of money without referring to job search. The reason is fairly simple:


If you find, re-package and sell information that has fallen into the public domain you do not have to pay royalties or copyright fees on that work. Can you tell me about any other business that you can resell over and over and keep 100% of the profits without paying ONE CENT in royalties or copyright fees for its use?


In any normal business start-up you will be required to provide a Tax ID number along with other documents and a proof of your business registration just to be able to buy your products for resale! Then,


until you've had a chance to establish 'terms' with your wholesaler, you'll be required to pay cash, up front, for your entire starting inventory.


If you're buying widgets for $4.95 wholesale and selling them for $9.95 you must constantly re-invest that $4.95 in more widgets. In order to do a large trade in widgets you'll need a large inventory! Before you even open your business door you'll have to invest $50,000 to $100,000 in widgets and as soon as you sell one of them you have to take $4.95 out of that $9.95 sale and plunge that right back into buying more widgets! I call it the 'black hole' of retail business, because you will constantly have up to $100,000 or more, depending on the type of business you operate, tied up in cold, hard inventory for as long as you are in business!


Let's contrast this normal business start-up with one that is started using 100% FREE public domain information as their 'widget'. First, I should state clearly that there is not another business in the world that is more profitable than the 'information business' i.e. selling books, manuals, reports, etc...


But...


The biggest problem for most individuals who want to enter this enormously profitable business is that they have to either create their own information product or secure the rights to sell someone else's product. For most individuals 'creating' their own information product is very hard to do... they can't write or don't like to write, they find it difficult or impossible to even think about writing an entire book!


If you love the idea of publishing information as a business model but you don't want to create your own book or manual...what do you do?


This article is a part of the eBook. To read the rest of the eBook (full version) please look at:

intellectual capital management



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