The latest craze online is buying private label rights to various products.
The concept is a great one; you purchase the rights to something and then you're free to edit it, put your name on it, and basically do whatever you like with it.
Sounds great right? Wrong!
There are a lot of problems with Private Label Rights products
The main problem is that most people who buy them will never use them. Sure it sounds like a great deal, but if you don't have a plan to use the private label rights product and put it into action, you're just wasting your money.
Once you store it away on your hard drive, it'll be stuck there.
This applies to resale rights as well...only purchase what you plan to use immediately or in the very near future.
Aside from that, my main gripe with private label rights is that they're usually complete junk!
Whatever you do, please follow this advice: If you are not a programmer or have extensive knowledge with scripts or software, do not purchase private label rights to them!
You'll most likely be stuck with a non-working copy of a software product that will require a lot of money to get working.
You could also be under the impression that it works and then your customers will be upset and asking for refunds left and right
Be smart. Only purchase what you plan to use at that moment or in the near future, and don't buy scripts or software unless you're comfortable with programming (or have someone who can handle fixing them and can help you with support).
This can seriously damage your reputation, and as an Internet Marketer, a good reputation is extremely valuable. You must protect it at all costs.
Do your homework. Make sure you are buying private label rights to a quality product that has potential, not some piece of garbage that you will never use.
Stick with what you're comfortable with, and private label rights will allow you to create some great, unique products!