Cloning a product makes a copy of it with every attribute (except the name, price and sku) to exactly the same as the original product. 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. To clone a product: do the following:
1. Go to the Store Admin Menu and click the "Manage Products" button
2. Locate the product you want to clone and click the "Clone" link next to the product.
A popup window will be displayed. In the popup window enter the new product name, sku and price for the new product you are creating.
Click the "Clone Now" button and the product will be cloned.