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Sales From the Crypt

If you're looking for a great deal, check out what overstocked products this site has for sale.

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This story appears in the May 2001 issue of Entrepreneur. Subscribe »

You've probably heard the old saying: When life hands you lemons, make lemonade. That's what Overstock.com CEO Patrick Byrne is doing with his Salt Lake City Web site-except he's turning other people's lemons into very sweet lemonade, both for himself and customers.

To explain: The 38-year-old took over Overstock in 1999. Soon, the company began buying up the inventories of failing and floundering dotcoms and selling them at heavily discounted prices on the site. Inventories it's taken on have come from such big-name dotcoms as Miadora.com, eHats.com, ToyTime.com and Jewelry.com.

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