Hi, I'm Frank Haywood, I live in Solihull in the UK and I've been online since the late 90's. I first became interested in the business aspects of the internet in 2003, when as a hobby I started buying, refurbishing and selling mobile phones on eBay. I just about broke even.
Seeing the possibilities, the following year I risked a few thousand pounds (about USD $6000) on my credit card in a wire transfer to China and I imported 100,000 glow sticks which arrived in early October. Six weeks later, exhausted, I'd sold the lot at a very tidy profit. I sat and worked out that it had cost me approximately $3.00 per tube of 100 glow sticks, and I sold them for $20.00 each (not including shipping) which was the current going rate. Some got lost or damaged in the post, but this was just a fraction of a percentage.
In 2006 with competition increasing and storage getting more expensive, I realised that stocking physical goods probably wasn't the business model for me and I moved into my first love which was software, and then later moved into info products too.
With no inventory to hold, you only have to create the product once and you can sell it over and over (just like songwriters and authors). Who wouldn't fall in love with a business model like that?