The Entrepreneurial Spirit

A few months ago Cindy and I were at a used book sale (the annual Monroe County Red Cross book fair) on flat rate per bag day. I noticed a number of textbooks that I recognised from taking French for reading knowledge classes. As it was a flat rate for as many books as I could fit in the bag, I picked up some of these books, thinking it would be worth trying to sell them on to the campus bookstore. They didn't want to buy them a few weeks ago but told me to come back during exam week. When I did they still didn't want one title and another had actually dropped in value. Still, I've managed to sell three to people in my dept. I charged them less than I would other students but I've still made back almost what I paid for all of them. I still have 3 left but I've contacted the instructor for the first half of the summer French class, asking her to tell the students that I'm selling books cheap.

Hopefully the next project will work out even better. Cindy and I were talking about how she loves French cider but not American cider very much. We managed to find some French cider at the international grocers but it was the one she likes less (brut, she prefers doux; I'll drink either) and it was selling for around $12. Cindy's parents found this surprising as there it retails for €1.25 for the cheap brand or €1.40 for the good stuff. So I said something like, "If it's so much cheaper in France, we should bring some back duty free. It's just a shame that we can only bring 2L into the USA between us, which is only two 750mL bottles." But then I started wondering, "What happens if we exceed our duty-free limit? How much would the duty cost?" It's a little complicated because you have to pay a percentage of the value as duty but also federal and state excise taxes on alcohol. But to bring a case of cider back to Indiana should cost less than $5 in duty and taxes. So our plan is to buy a case, check it like a suitcase (with "Fragile" stickers) and pay the duty. If all goes according to plan, we'll get a dozen 750mL bottles of Cindy's favourite cider for about $25. Fingers crossed.