With a $500 investment in computer equipment, college students Ryan Tinker and Zach Koch created the Web site BookSnag.com to help students at Depauw University save money buying and selling used textbooks.
Students can list and sell their books on Booksnag for free. If a book is unavailable, buyers are redirected to Amazon.com, which pays Tinker and Koch a referral commission.
The company attracted more than 300 customers a year ago, but this winter more than 800 DePauw students tapped into BookSnag at the beginning of the semester to exchange more than 700 books.
One of the business lessons Tinker has learned is that teachable moments can come from dealing with adversity. ‘The only way to experience failures is to experiment,’ he said. ‘Try out new things, push the limits, make decisions on your best guess.’”
Photo by DePauw University News.
OnedayMillionaire on February 20th, 2007 at 11:11 am
I think our generation will have many new entrepreneurs. Just look at the creators of Yahoo and Google. One of the greatest success stories is of Ray Kroc of McDonalds. I think all entrepreneurs should read his story.