Understanding how to create your own profitable products is one of the most important things that will distinguish you from a market that is successful and one that is not. Most gurus have their own range of profitable items that they sell.
A really easy and profitable way to start developing your own products is to look for Private Label Rights to products that you can use. Private Label Rights basically are products where you purchase the rights to actually sell them. You also get the additional benefit of being able to modify these products. Now this is a basic benefit to typical Resale Rights products as you get to make them your own.
Now the key to succeeding with this method is that you need to find ones that have a limited amount that are sold. So for example if you find a product that you purchase at $ 97 and there is a limit of only 500 licenses then you will have a very big advantage as there will not be too much competition.
Once you have located these you need to add your own angle. So for example if it is a list building course and you are in real estate you can call it List Building For Real Estate Agents. I suggest that you also change some of the content to give it your own unique voice.
Finally, if you apply this tactic to several niche markets you will find that you can build a highly successful business creating your own products in record time.
Source by Mark A. Abrahams