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Thursday, June 10, 2004

One teen's very easy summer job

It's one of his summer jobs, anyway. In the last few weeks, a 15-year-old in Atlanta has made almost as much money on the Internet as he expects to make all summer working at a local restaurant. He's been selling hard-to-obtain Google Gmail accounts on eBay. "An upcoming free email service from the popular search engine has people so eager to get an account before all the catchy email account names are swept up that they're willing to pay for one of the relatively few test accounts available," the Washington Post reports. Pierce noticed that one eBay seller was selling multiple accounts, so he bought a bunch for "a little under $30 apiece," according to the Post, and turned around and resold them for around $60 each. His highest bidder paid him $102.60, and he'd made over $1,000 as of June 6. Alas, these eBay niche markets can be short-lived. Four days later we read in Wired News that "the bottom had fallen out of the market for Gmail invitations." As of this past Wednesday afternoon, sellers were lucky if they got $20 per.

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