Did you know that many classic books are not copyrighted? This means that anyone can republish them and pocket the money. It becomes Virtual Property rent. That’s good news, as the credit crunch is even stronger. Let me explain the secret of this Virtual Property business phenomenon.
The Virtual Property Business Formula
Many of the best books ever written are in the public domain. Charles Dickens and the works of Shakespeare are two obvious examples. Another is the book ‘The War of the Worlds’ by HG Wells (recently made into a Hollywood blockbuster with Tom Cruise).
Anyone can get this type of content from the public domain and remake it in a modern, more commercial format. In other words, you create your own virtual property.
You can then cut up the books and repackage them, perhaps turning them into a home study series or weekly release, or you can turn them into video seminars or member sites. You can even turn them into audio versions and have fancy packaging made for them. To do this, you have to send the master copies to a printer, a shipping company like Speaker Fulfillment Services. They will print their “Classic Collection” and send it to anyone who buys.
Now you could sell this package yourself over and over again. All you have to do is set up a simple website and sell the package repeatedly. This would be your own piece of prime virtual real estate. This could get you killed.
Another option would be to “flip” the website by adding value and selling it. Just like buying a dilapidated house, renovating it and selling it, except this process involves virtual ownership and not actual ‘bricks and mortar’ ownership. You could sell a hundred licenses of this new product for $500 each.
Alternatively, you can list your package as a ready-made business on eBay.com and create a bidding war.
Why would people pay you for this if they could do it themselves?
Because most people just don’t know this virtual proprietary secret.
Virtual Property Business Breakdown
Here are the exact steps. This can be applied to any book that is in the public domain (as a general rule, books must be published before 1923 in the United States to be in the public domain).
Go to gutenberg.org and type the name of the classic book or niche topic you want to find a book about in the search box.
Tip: Download the plain text version and copy and paste that version into text editing software like Word.
Add your own images and liven up the books a bit.
Hire someone to read the books at voice123.com or use the software at nextup.com
Send books and audio to speakerfulfillmentservices.com or disk.com
Set up a website that sells printed products for one hundred dollars.
Now sell the product yourself, sell the licenses for the packages, or change the website.
How cool is that? He can be in business in the next few days and it won’t cost him a penny to get his hands on these books. Then just rinse and repeat with other authors and/or other niche products.
Can you see how profitable and easy this is? That’s the kind of virtual proprietary secret that budding entrepreneurs should be interested in.
