This is a subscriber-only article. Join Entrepreneur+ today for access

Learn More

Already have an account?

Sign in
Entrepreneur Plus - Short White
For Subscribers

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

By Robert J. McGarvey •

Opinions expressed by Entrepreneur contributors are their own.

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.

Dying dotcoms need money in their hands fast, and Byrne (whobrought upward of $25 million to the company) has got thegreenbacks.

Editor's Pick

Related Topics

Magazine Entrepreneur Magazine

Most Popular

See all
Leadership

7 Reasons Why CEOs Need to Develop a Personal Brand — and How to Build One.

Here's why crafting a captivating personal brand and origin story is pivotal in today's landscape and how these seven tangible advantages can redefine your success as a business leader.

By LaQuita Cleare
Business News

Elon Musk Keeps Posting About Disney CEO Bob Iger on X, Says He 'Should Be Fired'

Musk took a lot of jabs at Iger on X on Thursday.

By Entrepreneur Staff
Marketing

What's the Best Social Media Influencer Option for Your Business?

The success of an entire marketing campaign involving influencers hinges on the meticulous selection of the right social media blogger. Do you know how to choose the right one?

By Dmitrii Khasanov
Business Models

A Company With a Conscience — How to Make High-Priced Products Accessible to Working-Class Families

Some products are inherently expensive. Companies can offer leasing programs, financing options and other marketing approaches to make them accessible to working families.

By Rashan Dixon
Innovation

Deepfakes Are Lurking in 2024. Here's How to Navigate the Ever-growing AI Threat Landscape

Can you tell reality from AI? Discover the evolving threat landscape and the global battle against hyper-realistic deception.

By Asim Rais Siddiqui
Growing a Business

How to Get Your Business Noticed (and How to Brag About It)

Knowing how to go after important recognition awards and then leverage them can have a long-term impact on your business.

By Cynthia Kay