Tuesday, October 16, 2012

Ebay Auctions (Part 2 of 3)

Back in the dark ages of 1997, Supap Kirtsarng, a native of Thailand, went to Cornell University to study.  Nothing unusual there.

What is unusual is what happened after this. 

He soon discovered that the college textbooks he needed to buy, were substantially cheaper to buy in Thailand than they were in the United States.  So, being the economically conscious person he is, he got his relatives to buy the books he needed , and then to ship said books to him over in the United States.  This in of itself is not unusual.

Like most college students, he sold his textbooks when he had completed the semester.  Nothing unusual there.

Then his entrepreneurial spirit took over.  Why not buy a bunch of these textbooks for very little, ship them over to the United States, and then sell them on Ebay for a nice profit?  And that is what he did.  Very successfully as well.  To at least $1,000,000 according to some estimates.

So what does this have to do with us bot owners?  You’ll have to tune in next time for part 2 of this little story.

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