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.

The rest of this article is locked.

Join Entrepreneur+ today for access.

Subscribe Now

Already have an account? Sign In