Why You Should Be Careful With What You Resell by Candice07

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									Experience tells us that reselling items is one of the safest ways to make and save
money in this part of the world. While the rest are ridin’ tall with all their gadgets and
gizmos, most of us just weren’t lucky enough to have a trust fund for all our needs. See,
this is why a lot of people try their best to make do with what they have. Not everyone’s
blessed with good ‘ol fortune so the best way to still get what you want is by selling what
you have and spending it on what you want.




                             Image Credit: www.ehow.com
Say you have an iPhone 4, and you want to buy an iPhone 5 for yourself but you can’t
afford it. The common advice you’ll probably get is to sell your iPhone and use the
money you’d get from the sales to buy the iPhone or whatever phone you want. It does
seem easy and it’s an honest transaction to boot. But apparently, reselling these
days has become a hard nut to crack.

Take Supap Kirtsaeng, for example. Kirtsaeng is a college student in Cornell University
who learned that his textbooks are cheaper in Thailand, his home country. He asked his
relatives to buy the books and have them shipped to him. Then, as he realized that he
could make a profit off of the cheap books, he decided to sell those books for a cheaper
price on eBay.

The good news is that he made millions out of it. The bad news is that the publishers
found out and sued him for copyright infringement. However, Kirtsaeng argued that
since he owned the book by first sale, he had the right to resell it in any manner he
deemed fit. And this is where we are all compelled to rethink.

Is it right for a normal consumer to resell items like books or the iPhone, for example,
without asking for permission from the creators or copyright holders? The copyright
law’s first-sale doctrine says it is. However, this idea may not always be applicable to
products shipped from somewhere else.


Back in August 2011, the United States Court of Appeals made a ruling that the first-
sale doctrine would only be applicable to products made inside the United States.
Books, electronic devices and anything else manufactured abroad are not covered
under first sale ownership. This could mean a whole new thing for Apple iPhone
owners.

If the court ruling for the said case favors the publisher’s side, it could mean that in the
future, if your iPhone is not “manufactured domestically”, you’re going to have to ask
Apple for permission to resell an iPhone that you bought. Simply put, should you choose
to sell iPhone bought by your Aunt somewhere in Japan, you would have to ask Apple
for permission first. If your iPhone is made in China, you might need to rethink posting
an ad for it on eBay.

The said issue is still up for discussion though, especially since it will affect not only
book authors and publishers but also electronic manufacturers and artists and reselling
business like eBay.

In the meantime, if you are planning to trade your iPhone, you might as well make a
fortune out of it now than end up with a China-made old, decaying and un-sellable
iPhone in the future.


Source:
http://sellingiphoneonlinereview.blogspot.com/2012/10/why-you-should-be-careful-with-
what-you.html

								
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