Archive for the ‘Business Ideas’ Category

Fast Track Convenience Stores, Automated Stores

Wednesday, February 11th, 2009

Michigan is doing something right. A Michigan Company created Fast Track Convenience Stores, automated stores that can run without a single employee. However Fast Track Convenience Stores don’t just have products where you insert coins and products drop out. Rather, every product has a small Radio Frequency Identification (RFID) tag. You bring your items up to the checkout and pay.

What if you try to steal?
Because of the RFID tags, the system knows when you try to walk out the door with unpaid merchandise. Cameras will immediately take your picture. Imagine like those speed detectors on roads that take your picture when you speed or go through a red light.

What About Inventory Levels?
Thanks to these RFID tags, the system automatically knows how much inventory a store has and when to restock. Walmart and most stores track their inventory through a similar system.

Automated Fast Track Stores Limited to Food?
In fact, with a system like this, you could almost make any store unmanned or at least let employees focus on service rather than cashier duties. These RFID tags can be place in and on anything from grocery, to clothes, to even selling car parts.

In the end this will mean more round the clock vending and though this will cut cashier positions, hopefully we find something more fulfilling to do rather than cutting out more jobs altogether.

Even Ipods have gone automated in sales…
ipod store

Swoopo Auctions a Scam? Swoopo Online Bidding

Tuesday, December 30th, 2008

Swoopo had a great idea for an auction, let users pay to bid, leaving the winner to save plenty on a winning auction.  However in the process, Swoopo seems like a scam, making users pay for each bid, making Swoopo tons of money, leaving the winner with a small discount.

How Swoopo Auctions Work
A user bids and the price increases.  At the same time, when a bid is received, time is added to the bidding clock.  The time runs out when no new bids are received.  In the end, any losers who bid on the item and didn’t win lose their money, and the winner still has to pay for the item.  The result?  The losers subsidize the winner and Swoopo make out big.

Swoopo already has sites in Spain and Germany doing quite well.  While you could win, making Swoopo not entirely a scam, keep in mind that it is like gambling.  If you don’t win, you lose your cash.

Check at Swoopo at Swoopo.com

Best Ways to Make Money Online, Online Money Making Ways

Thursday, December 18th, 2008

So you want to make some money online but need a few ideas on the best way to go about making money online.  There are plenty of opportunities to make a little extra online, but becoming the next millionaire or self employed online money maker won’t happen overnight.

A few of the best ways to make money online
1. Ebay Stores – Just sell stuff online through ebay.  No marketing required and it’s easy for customers to find your products.
2. ELance – Freelance jobs for programmers, Codes, Web Designers, Writers, Editors…
3. ClicknWork – Get paid for various freelance opportunities.  Pays for $5 to $150 an hour based on the work. You have to pass a pretty tough test.
4. Associated Content – Get paid for articles you write.  If they like it get start making money in the sum of $3 to $20 per article if they like your work.
5. West Work at Home Agent – A reputable way to make money online.  Positions are online and deal with customer service, with a little bit of offline work as well.

Besides these 5 ways to make money online, there are probabaly 100s of possibilities.  Just make sure you never pay to work for a company, and never give out too much information.  There are still plenty of work at home scams you need to be careful of.

How the Internet Puts a Company Out of Business, Internet Kills Businesses?

Thursday, December 11th, 2008

Yes the internet can be a company killer, especially those companies those companies which exist in only one location.  The internet kills traditional businesses simply because on the internet companies can sell items to anyone anywhere, and at a lower price.

Here are a few main reasons why internet companies killed traditional companies:
1. Stores are always open online.
2. Easy to price compare.
3. Usually don’t need to pay sale taxes.
4. Shipping prices are often free.
5. Wider selection of goods and services.
6. Internet stores are located everyone and to everyone.
7. Fewer sales people needed, and no cashiers needed.

Which Companies will Survive internet competition?
Any store which has goods that you need right away like food, alcohol, gas, basic necessities that you need now.

Show rooms that are able to show off products before you buy them.  Stores like the apple store or the dell store feature show rooms which allow consumers to try before they buy.  Just like you’d test drive a car before you buy it, consumers would also like to test try computers, clothes, and even television sets.

Until holographic technology becomes more readily available or virtual solutions, expect show rooms to serve a purpose.

Which Businesses Can the Internet Kill?
Anything in which people can afford to wait a week to get such as clothes, music stores, video rental stores, electronic stores, book stores, basically any store that sells luxury type items, stuff you don’t need right away.

The Solution to your Business Being Killed?
Rather than fearing technology or trying to fight it, try to embrace it and see what it can do for your business.  Technology is about improvements.  Those that get hurt are the ones that aren’t ready to adapt and change.