Archive for the ‘Business’ Category

Taking All Risks In Making A Sale

Friday, August 29th, 2014 by

I thought this was kind of funny the other day as there was this sign plastered near the location of the annual fair here. As you can see, there was an individual that was selling bottled water on the street with a sales pitch on how inside the fair you would be looking to pay at least $3.50 whereas this person is charging $1.

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I was thinking how you normally need some kind of permit to street vendor like this. Especially being right next to the fair itself where I am sure the merchants inside wouldn’t be too happy about it. Almost like a person going up to a movie theatre and advertising right next to the door on how he can sell the same soda for less. However, I would assume that this person simply decided to take the risk hoping nobody would care and that he would end up making a decent profit. Almost like setting up a lemonade stand.

Kind of ironic in some ways where I’m sure in most business types of books you are told to go through all the proper procedures to do business. In cases like this it’s not too far fetch that a lot of people get started this way even if it isn’t technically abiding by standard rules. Would you take the risk in not getting say licensed to sell your products in these types of scenarios with the mindset that you are so small that no one cares?

Doing The Same Work As Multiple People

Tuesday, August 26th, 2014 by

I was having a conversation today about comparing some staffing scenarios where there were two different teams that were essentially running the same type of program. However, one team had less work to do while the other had more. The one that had more work actually had the same amount of people working on it as the other group. Apparently the group that had less work was mentioning how it was difficult due to not having enough people which the other group had to laugh about a bit.

It’s a funny topic in some ways as it had to do with company budgeting and I can imagine in this case an executive would simply look at numbers and dollar signs to assess what is appropriate. However, in this case there didn’t seem to be any consideration in terms of the quality of the individual. Kind of like saying, in many ways in this case it was like you can hire two people at $20 an hr each to try and fulfill a task or you can attract a superb worker at $35 an hour who can literally do the same thing as the two combined.

It’s not something we often think about huh? People do it all the time when it comes to buying products, but it’s interesting how many times we don’t even think of this when it comes to paying people to do a job. Sometimes it can make more sense to pay for higher quality workers.

Understanding The Difference Between A Brand And Type of Item

Sunday, August 24th, 2014 by

I went out shopping for a tablet today where it was for a birthday present for my mom. This wasn’t a surprise present as she requested for one since she felt it was time to start using some more modern day technology and that even some of her friends use it to message family members and all. However, in asking for a tablet in her mind an iPad is the only thing available. In many ways, it’s almost like how I mention many times that before people thought AOL is the Internet. Guess you can say Apple does a great job marketing.

It was kind of interesting as while browsing for various options she couldn’t grasp the concept of how say a “tablet” is essentially an “iPad.” And yes, I am aware of things such as the difference in OS or app store before any fanatic wants to jump into the technicalities. I then used a different example such as asking her if she normally asks for a “Kleenex” or a “tissue paper” if she needed a tissue. That then instantly resonated with her and she finally understood that in many ways it’s a brand marketing gimmick.

Afterwards she was able to focus more on the actual product and which one would provide the best value. Using relatable examples sure works wonders as once again we all need to understand what we are really buying to get the best value.

Novelty Trade To Receive a Big Discount

Friday, August 22nd, 2014 by

This is kind of funny I thought as I was told how a person essentially gave a food vendor some swag from an event where the items were free. The person appreciated it so much that they were willing to offer their meals at a 60% discount. That’s a pretty significant discount if you think about it for essentially what is probably like a $1 item.

Kind of makes you think how sometimes items that have a simple novelty factor to it can be valued so much by others that we often underestimate the cash value that people are willing to place upon it. In some ways I guess you can say this is why people often try to take all the free things they can get from events and conventions as you never know how valuable they can be to others. Just have to have the balance of course where you aren’t say turning into a hoarder where it actually cost you money to try and keep all this stuff that you don’t personally use or value.

Surprised In Seeing An Online Filter Work

Tuesday, August 19th, 2014 by

Today I was told of a business I was aware of where heard the owner actually used his mom to post a fake Yelp review for his company. For the most part, it wasn’t actually that surprising as many people do that to try and make themselves sound better than they really are. What surprised me was when I looked it up the review got labelled as “review that is not currently recommended.”

Apparently, this is the site’s way of filtering out possible fake review reviews, so to speak. It surprised me where in this case it clearly worked and it made me wonder how the business would address that. At the same time, you often hear stories about sites not doing enough or encouraging fake reviews for a profit and in cases like this it’s nice to see that sometimes you can trust that the system is working. Makes trying to find the right companies or professionals to work with easier.