Deals Episodes

Get Rich Click

Tags: Deals, Career, Deals

There's a way to make money on the internet and you don't need a lot of money, technical experience or time. Here's how one family decided to get rich click!

Gary Casper remembers the day his advertising business came to an end.

"It was actually my daughter's first birthday, and I got a phone call and it was from my biggest client who said, we're making a change, we're going to do our own thing now," says Casper. "The next day my other big client called and said the same thing. All in the span of a week I lost my biggest clients."

Needing a way to support his family, Gary remembered something his friend Marc Ostrofsky once told him.

"The internet is the new way of doing business," said Gary.

And Marc would know. He's the author of the book, Get Rich Click, and holds a record for the most expensive domain name ever sold.

"In one afternoon I sold Business.Com for a Guinness record of $7.5 million and I sold another domain name for $10 million," said Marc, "I bought Business.Com for $150,000. I bought the other domain name for $70!"

Buying and selling domain names is just one of the ways Marc teaches others to make money online. He suggested that Gary try something called "reverse e-commerce."

"The concept behind reverse e-commerce is this: You don't have to own anything to sell it. You can sell something you don't own," said Marc.

"It was a terrific idea," said Gary. "I called a friend of mine who's in the auto surplus business and asked him if he had anything that he might be interested in selling on the internet. That I could sell."

His friend happened to have a large supply of automobile floor mats.

"I said floor mats? That's not a very exciting thing. But there's probably a market for it. So, I researched it and found out there was a market for it," said Gary. "We went over there and picked up a few of the mats, took pictures of them, just like we did with products in our house, posted them up on eBay, created a listing and before you knew it they were gone."

They had sold the mats and made a profit without buying them in the first place.

"That same idea that we started with is exactly what we're doing today with many more products," said Gary.

"You find a product you think will sell," said Marc. "You take a picture of that product, in their case automotive products, you then list those products for sale, you sell it, you collect the money, you then go buy it and ship it."

Marc uses the same concept in his internet company, blinds dot-com, on a much bigger scale.

"We're the largest supplier of window coverings in the world," said Marc, "And no one's bigger than we are online to the tune of $70 million plus this year. We own no window blinds. No shutters. No drapes. We have no warehouse. We have no physical product. Nothing."

The company simply takes orders, then buys the product from another source and ships it. Sounds too good to be true?

"It's not too good to be true. What it is, it's a new world. And the internet has broadened the way you can do business," said Marc.

However, like any business, there are pitfalls.

"There are downfalls in the business," warns Marc, "If you have a supplier that doesn't keep the product in stock. If the price happens to change between the time you list it and the time you sell it. If you sell more than they have available. Do not expect to get rich on this the first day. It doesn't work that way."

"I never in a thousand years would have thought this would be me. I never thought I would be selling floor mats and making a living out of it because I came from a corporate background," said Gary, "It's a great way to supplement your income. There are so many different products out there you can sell. Anyone can do it."

Marc Ostrofsky - Author, Get Rick Click! - www.GetRichClick.com

Gary Casper - Owner, USA SuperSale - www.USASuperSale.com

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