Getting your short story accepted in a magazine is a thrill in itself. It is hard to do and takes a lot of dedication, research, and time. When you finally do get your story accepted, it is clear you have a winner. So, why not milk it for all it is worth? You can increase profits from a short story by selling reprints.
Selling Short Story Reprints – Rights
Before you try to sell your short story for the second or third time, be sure you have the right to do so. Most magazines or e-zines use up your first electronic or first North American rights, or first serial rights. They might also keep exclusive rights for a certain period of time: anywhere from a couple of months to a couple of years. They do this in order to be able to use your story in anthologies, reprinted magazines, or maintain on the ezine website for a longer period of time. Read the contract.