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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 youlemons, make lemonade. That's what Overstock.com CEOPatrick Byrne is doing with his Salt Lake City Website-except he's turning other people's lemons intovery 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 andfloundering dotcoms and selling them at heavily discounted priceson the site. Inventories it's taken on have come from suchbig-name dotcoms as Miadora.com, eHats.com, ToyTime.com and Jewelry.com.

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