Thursday, January 8, 2009

In A Hot Spring And The New Economy

Probably it wouldn't have been interesting to Jack, either, so we talked about classic cars and the internet. My wife and I met Jack in a hot springs pool near Canon City, Colorado, where we live.I might hear about a 1964 Buick Convertible parked behind some guys barn, for example, and so I'd drive 50 miles to see it, and maybe buy it for $2,000. By the time I was done, a month later, I might have spent another $1,000 on parts, and then I'd sell it for $10,000..
Two years ago, however, Jack discovered the internet, and he saw the potential immediately. The first thing he did was put all his spare auto parts up for sale on Ebay. He made over $20,000 for cleaning out his garage in this way. Previously, he could have spent a lifetime trying to find the right people to buy these things. He found that there were deals to be had within a 100 miles of him, and almost every week.
Now, instead of making $6,000 or $7,000 on just one or two cars each year, he could do it every month. He no longer needed his job. myself didn't know what HTML was three years ago, and now I get to sit here and make a living sharing stories like this online. This is great for me, and great for auto-restorers too, but as I listened to Jack, I realized how big a deal this is.This has been a mystery to me. locally wouldn't get it sold, and advertising all over the country would cost too much, so the door was destined for the junkyard someday. But now Jack can advertise all over the world for free on Craigslist.com or any number of other classified advertising sites. Soon the door is once again useful instead of being garbage.We'll just put it on Craigslist and someone who need the flooring will take it out for free." The wrought iron door they replaced was sold online as well.Instead, you would pay money to bring it to the dump. Now you just sit at the computer for a few minutes and wait for the phone to ring in the next few days. Need to get rid of that old fireplace insert? Get online. I'll bet if you go online right now, you can find someone selling used bricks.He's a mechanic and auto-body guy who has recently discovered the internet.

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