Everybody could use more money.

If, like me, you have been using Linkedin extensively to network, and you have over 500 connections, there may be an opportunity for you to monetize (“turn into money”) your valuable connections.

It’s a relatively new business model — perfectly legitimate — called Resale Rights Publishing (RRP).

Under this wealth-sharing business model (you will see later on why I call it “wealth-sharing”), an author agrees to sell an ebook AND to transfer to the buyer the Resale Rights.

That is, the buyer of the ebook is legally allowed to RESELL the very same ebook for ANY price, and pocket 100% of the profits.

Yes, I know it sounds amazing.

It’s like taking a $100 bill, and have the right to PHOTOCOPY IT and sell it to an INFINITE number of people for $50.

People would buy this $100 bill for $50 (they benefit from the discount), and are ALSO able to transfer the photocopy rights to future buyers.

Let’s get back to the ebook.

Suppose I’m an author of an ebook on “How to make money on Linkedin” and I sell it to you for $100.

It’s a fair price, since you learn valuable, practical information on HOW you, too, can make money on Linkedin.

Note: I used Linkedin to make $10,000, so I definitely have the credibility (and know all the secrets) for writing this book.

However, when you buy that book (“How to make money on Linkedin”), you are NOT allowed to resell it.

But suppose I sell you the SAME book, but instead of charging $100, I charge you $500. Then, I give you the RESALE RIGHTS, meaning you CAN resell the book at ANY price and pocket ALL of the profits.

In short:

- Pay $100 and learn to make money on Linkedin

- Pay $500 and make money by RESELLING the ebook

Which deal is better?

The first deal is great if you have your own product, and you pay $100 to learn how to sell YOUR product

The second deal is great if you do NOT have your own product, so you can use the ebook itself as a product which you resell (and pocket 100% of the profits). This second deal is what they call Resale Rights Publishing, and is perfect if you have over 500 connections

How do you know your connections will buy this resellable ebook, which you bought at $500?

Because:

1. You can price it UNDER $500 so the discount will motivate them to buy. For example, you can resell it at $200

2. Your buyers, just like you, can make MONEY by reselling the ebook you sold to them!

To learn more about this powerful business model which enables you to make thousands of dollars from your Linkedin connections, please write to me at omnidigitalbrain@yahoo.com with “Secret of Resale Rights please” in the subject heading.

But since you are serious about Linkedin, let me share a SERIOUS insight with you: Without a product, you cannot become rich. I mean “millionaire” rich.

You’re probably wondering, “Am I millionaire material?” The answer is YES.

Here’s the proof: If you can create a product selling for as little as $10.00, and you offer it to 30 million Linkedin users, then your gross revenues are $300 million. Indeed, I think that most people on Linkedin have $10 to spend.

The (literally) million-dollar question is, “What can you sell for $10?” Also, if you sell it for $10, then the use value must be at least $100. The “use value” is the value that your customers get from USING your product or your information.

Here, many people will think about an ebook. There are tons of people selling ebooks on the Internet, and few of them make serious money. The ebook itself is not the problem. Rather, it’s the content.

The content of an ebook can be descriptive or it can be prescriptive. Understanding the difference can make you very, very rich. I will share the secrets of how I was able to create a prescriptive ebook in the next post.

But in the meantime, think about how YOU can create a valuable, useful ebook or any other information product that you can sell to 30 million Linkedin users.

My point is this: You could spend a month to create an information product that a Linkedin user values at $100, and that you can sell for $10. You could then become a millionaire, from working hard during only one month.

While I have your attention, may I invite you to check out www.innovatelle.com, my latest business venture that will invite millions of women to become members for $100. I will also explain shortly my business plan for Innovatelle.com.

Feel free also to download my FREE book of 130 pages, where i’ve gathered my best knowledge and ideas: http://bookofstrategicknowledge.wordpress.com. Enjoy!

Feel free to download the document above, where I lay out the strategic flowchart process for generating passive income from Linkedin!

Indeed, this one is about the ultra-critical question of WHAT you believe Linkedin to be. This belief will serve — consciously or unconsciously — as the basis for how you think about Linkedin and how you behave on Linkedin.

For instance, if you believe that Linkedin is for social networking, then you will use it to, well, socialize. You would NOT have any expectation of increasing your income as a result of using Linkedin.

However, if you believe that Linkedin is for business development, then you will strive to make money from using Linkedin.

If you look at your Linkedin connections, it is fairly easy to see who believes what. People who have less than 200 connections, are likely to believe that Linkedin is for social networking. People who have more than 200 — or, to be sure, people who have over 500 connections — are likely to believe that Linkedin is for business purposes.

Of course, there are people who have over 500 connections yet have no clue about how to monetize those connections. But at least, they’re off to a better start, should they decide to use Linkedin to make money one day, than people who have less than 200 connections.

Another clue as to what people believe, is whether or not they are “open networkers.” Open networkers are folks to accept to connect to anyone who invites them to their network. They are more likely to view Linkedin as a business tool and not just a social networking tool.

Whatever people believe is, of course, up to them, and there is no place for judgment.

But given the fact that Linkedin shows no sign of slowing down in terms of the growth of its user base (which, according to Linkedin, has one million new members every month), then it is reasonable to question whether people who use it purely for social networking will continue to do so.

In my own network of 945 connections, over 600 connections each have more than 500 connections.

I personally use Linkedin for business purposes, not social purposes. Even my questions and answers on Linkedin Answers are formulated according to my business strategy, since I don’t believe in wasting time answering questions here and there without having a central strategy in place. This is how I’ve been able to become the top expert on career-related questions, with 23 best answers.

In fact, my best answers are being compiled into an ebook that I will offer to all my connections.

My point is very simple: Linkedin will inevitably become a business development platform, and people who insist on viewing it purely as a social networking site might lose a great many opportunities to dramatically increase their income while learning about business.

I should point out that a few people (perhaps 3 or 4 in my network) are making the opposite mistake of viewing Linkedin as a place for aggressively spamming other people.

Ideally, one should have a strategy of diplomatically and gently socializing with other people (yes, strangers) with the aim of finding out whether there can be a win-win partnership where both parties benefit economically and financially.

About three years ago, when Linkedin has “only” 3 million users, I created the blog Linkedin User Manual (http://linkedinusermanual.blogspot.com) because I believed everybody would soon be on it. I was right.

Now, I’m predicting that soon, everybody will be using Linkedin for business purposes, and so I recommend that every user learn how to market and sell on Linkedin. The stakes are quite high, perhaps millions of dollars if you have an information product (like an ebook or any digital content that can be sold via Payloadz) that can be sold directly or indirectly (via affiliates) to the 25+ million users of Linkedin.

PETER: I developed a technique called “scriptease” where I give away a FREE partial version of my ebook. Then, readers who are interested in knowing the hidden details (which are covered by a black box) can purchase the complete ebook. See an example at http://peterswork.wordpress.com.

QUESTION: I already downloaded your FREE partial version, it’s interesting. What is your main message in that book?

PETER: The main message that is most relevant to Linkedin users is that they are at the Information phase. They are not yet at the Knowledge phase, where they truly master what it is that they know. It’s not that they don’t know enough, it’s just that they have never taken the time to organize what they know into a system that they could sell. Information is like random dots on a page, whereas knowledge is linking those dots into a well structured geometrical figure. Since most Linkedin users do not master their knowledge, they are not in a position to teach anyone. In other words, they are not capable of creating information products that they could sell to their hundreds (or sometimes even thousands) of connections.

QUESTION: So if the problem is not having knowledge to sell, then what is the solution?

PETER: The first step to a viable solution is to sit down, pull out a blank sheet of paper, and start writing down everything that you know. Remember what Peter Drucker wrote: you are worth in the marketplace what your knowledge is worth. Let me repeat it: Most people on Linkedin do NOT know what it is that they know. This is the SINGLE BIGGEST OBSTACLE to making profitable use of Linkedin. If you don’t have valuable knowledge to share with your connections, then you are “useless.” Indeed, sooner or later, everybody will be connected to everybody else. So it doesn’t matter how many connections you have. What will matter most is how much you know, and what is the value or utility of your knowledge to your connections.

Please don’t be offended when I say that you are “useless” if you don’t have valuable knowledge to share with your connections. This statement has nothing to do with you as a person. I’m sure you’re a very nice person who’s always ready to help others. I’m just saying that your connections cannot “use” you and cannot get any real benefit from you. Unless there is something valuable to be exchanged between you and your connections, then there is no basis for building a win-win relationship.

The bottom line is that if you want to make money by leveraging Linkedin, then you have to seriously think about what it is that you know, and you have to format it in a way that is useful or user-friendly to ALL your connections. This format can be an ebook, a mind map, a PowerPoint presentation, an audio clip, a video clip, etc.

Linkedin is truly a place where you can share knowledge — via teaching, advising, publishing, etc. — and the more knowledge you share and sell, the more you win and the more your connections win.

I’m not kidding! In fact, this might be the MOST SERIOUS BLOG POST you’ll ever read about how to profitably leverage Linkedin so you can laugh all the way to the bank.

The secret is this: turn your connections into affiliates.

An affiliate is simply somebody who redirects traffic to your website or blog, so visitors can purchase and download a product. Every time a purchase is made, you earn 30% to 50% in commission as an affiliate.

I was puzzled as to why nobody on Linkedin is doing this, so I posted the question below on Linkedin Answers.

Anyways, to answer the question as to WHY you should turn your connections into affiliates, I’d say simply that it’s a great way to enable your connections to win financially while YOU also win.

The next question is, “What if you don’t have a product to sell?”

Then, create one. Just package your best knowledge into a 20-page ebook, and upload it on Payloadz. Then, email the purchase link to all your connections and promise them 30% in commission every time one of their connections buy your ebook.

I’ll write more later on to help you to capture your valuable knowledge into an ebook. It’s not hard, don’t worry.

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Email signature as money-maker / passive income generator?

Every day, over a billion email messages are sent, yet 99.99999% of the people sending emails are not making money from it. I’ve always wondered “why not?”

I mean, if you’re emailing someone, then chances are, that person knows you and, to a certain degree, respects your opinion.

So isn’t this a great opportunity to promote a product or service that you believe in?

For example, you could have a personalized URL like PowerKnowledge.net/johnsmith, and on that page there would be products and services that you bought and would happily share with others (you get a 30% commission).

After all, the founders of Hotmail became millionaires (after being bought out by Microsoft) with this business model (where users email their friends, and these friends in turn open a new account at Hotmail, and so on and so forth until there was 30 million users within 30 months).

What are your thoughts on people using their email signature to generate passive income? Wouldn’t this be an amazing, effortless way for hard-working people to get an extra income? Thanks!