How many times has that light bulb flickered above your head? You have come up with a brilliant idea sure to make you wealthy. Alas, most folks do not act on their stroke of genius.
Some folks actually follow through on their moment of business brilliance. Check out some of these clever examples:
Liquidation.com has generated quite the return on investment simply by focusing on returns — holiday gift returns, to be precise. The National Retail Federation estimates holiday gift returns approach $50 billion each year. What happens to these items? Many retailers avoid the onerous task of determining which returns are defective versus unwanted. Liquidation.com became an attractive alternative for these stores. It takes returned items from major retailers and re-sells them at considerable discounts. A large percentage of Liquidation.com buyers then turn their purchase around and sell them for a profit through sites such as eBay.