I was reading a press release for a company that has decided to close down certain service offerings as compared to the other categories of its business it simply generates peanuts in comparison. So therefore it seems like they instead want to focus in promoting what seems to be generating most of the income. This is kind of an interesting debate at times as this isn’t a situation where they are losing money but rather certain categories of the business are simply not preforming as well.

Would you cut off income sources where it still brings in money but the only real factor is that it doesn’t bring in as much as other things? I know it is different for stores such as if certain products take up too much inventory space where you could be using that space to display more profitable items.. However, imagine as if it was like an online digital movie rental business where 70% of your profits seem to come from people downloading comedy movies. Therefore, obviously the other categories in comparison are bringing in very little. Like for that would you be inclined to cut off every other movie category and just focus your business in providing comedy movie downloads?

Like in that case I would be inclined to keep it still where instead my train of thought would probably be how can one get these people to also download movies from the other categories too? It’s completely different of course if it was a constant money drainer. In this case it just makes me think how there would probably be millions of people who would be more than happy to even have that 30% of success that they are throwing away, so to speak. I suppose competitors will love it though as people will need to find a new vendor, so to speak.

I was reading about this company that was trying to attract people to do business with them and of course one method they used was that they highlighted their top money earner to show people the possibilities. Essentially, selling people the dream. That then led to people saying how over eighty percent of the people in reality make very little or next to nothing and so with that in mind people should avoid it.

I never understood that mentality of avoiding a potential opportunity if the majority does not make any money as while I suppose the natural assumption is that the odds are against you one can argue that the majority of people are simply within that category where when they are given the opportunities and resources to do something they instead choose to do nothing. I’m sure statistics like that are the same too in terms of the percentage of how many small businesses can’t survive X amount of years too.

I would like to think in general if you were starting anything with the intent to make it successful that you don’t intend to be the majority anyhow. I would say those kinds of numbers are more for analyzing on what people have done which does not translate to the desirable results that you are seeking. Basically, an opportunity to think outside of the box and how things can be done differently.

I though this was kind of funny today as I was stumbling across articles on the various things people do when it comes to earning money and many of it revolved around entertainment based games. This included things like video games where people are actually being hired as consultations to say learn the best ways to defeat a level in a game.

It was interesting too to see that almost every popular board game you can think of has some kind of tournament as well where people compete for real money. Kind of makes you think of all those times like when your parents tell you to stop playing so many video games or to read a book instead of playing a board game. Like with those examples you can pretty much make money with any kind of expertise that you gained. Fun way to do it too I must say.

As well, another thing this kind of made me think of is how you can pretty much create a market for it. Example, if it is a hobby then holding competitions and events where people compete with each other can be the start of a sport on its own, so to speak.

So today myself and another person decided it might be interesting to try out the would of stock photography and videos to see if we could generate some simple side income out of it. We thought it would be fun too as we live in different parts of the world so this would give us the ability to take a different variety of pictures from different cultures.

I suppose a big attraction to the idea too is that this seems like something that could generate residual results for a one time effort. That is always appealing as things like that usually end up being better in the long-run. Be interesting to see how this goes.

I was looking at some electronic stores today that seemed to be offering recycling program incentives where you can trade in your old products for a gift card to be used at its stores. I have yet to get rid of my old digital camera and so out of curiosity I looked up at how much credit I could get for it. Apparently, they were offering about $50 for it. That made me think as I know I could probably sell it for at least $100 minimum.

I guess it’s best to trade things in if you know the item that you have is so outdated that no one would really buy it at this age such as CRT monitors. Funny enough, sometimes you can actually buy outdated items like video games for clearance prices and then trade them in to places that will actually offer you more credit than what you paid for the item. Like in that example trading in would definitely make sense if you were looking for an instant profit with old items that may be hard to sell otherwise.