Cloning a product makes a copy of it with every attribute except the name set to exactly the same as the original product. The name is the same as the original with " - CLONED" added to the end. This is an easy way to create multiple products that are mostly identical, by simply cloning the first product and making the small changes that are necessary.
There are 2 ways to clone a product:
1 - Go to Products -> Manage Products in the admin site.
2 - Find the product that you want to clone in the grid, and click the 'Clone' link on the right hand side.
OR:
1 - Go to Products -> Manage Products in the admin site.
2 - Navigate to the entity containing the product you wish to clone, and click the name of the desired entity in the grid control to open that entity's management page.
3 - Click on the 'Products' tab on the right hand side of the window that opens.
4 - All of the products contained within that entity will be displayed on the right, with a 'Clone' button for each. Simply click the 'Clone' button next to the desired product, and a copy of the product will be copied.