Text books are expensive in the United States.
Source: National Association of College Stores |
Kirtsaeng asked friends and family to ship him cheap textbooks from Thailand, which he sold for a handsome profit in America. He made as much as $1.2 million.
Not surprisingly, he was sued for copyright infringement. Now, however, the U.S. Supreme Court has decided that what he did was perfectly legal. If you buy a book legally printed abroad, under U.S. copyright law as first buyer you can legally resell it in the United States.
So if you live in South Asia, East Africa or West Africa and text books are available in your country at low prices that are also used in classes in the USA, then you have a business opportunity. The potential market is significant. There are 4,800 U.S. colleges and universities and many million U.S. students of higher education.
Buy the books locally, ship them in bulk to the United States, sell them on the Internet at a profit, and ship using the U.S. book rate to your customers.
Need some start up funding to get your business off the ground? Try crowdfunding.
Source: The U.S. Census Bureau |
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