We all have goods and items around the home that only appear to collect dust and loose there value hence we flog them on eBay. Well it now appears that digital content is not safe from the second hand resale market.
This month, Boston startup ReDigi launched the world's first online eMarketplace that allows users to sell and buy legally purchased pre-owned MP3's and digital music tracks. It's launch this month attracted more than 130,000 users to the site in the first week.
Users select songs and albums they wish to sell on the site's music platform, which are offered at fraction of the price available on competitor sites Eg iTunes. The site manages and monitors the source of the tracks. Once the track is sold, the asset is removed from the sellers music library and any device synched.
Is this legal I here you ask? According to Redigi CEO John Ossenmacher the answer is yes. Ossenmacher claims that while we take for granted that we can sell and buy books, CDs and DVDs, our digital cousins don't enjoy the same rights. They are digital bits just stored on a different media, the digital bits are the same.
It will be interesting to see how the music labels react to this new eMarketplace for unwanted digital music.
With gold prices souring to record highs, $1800 an ounce where does one purchase gold I here you say. Well, Gold to go vending machines of course.
German company, Ex Oriente LUX AG has launched the worlds first gold vending machines that dispense gold bars and coins from as small as one gram to as large as 250 grams. The "Gold to go" vending machines are currently operating in the US, Britain, Italy, the United Emirates and Germany.
The vending machines value the gold coins and bars according to the latest gold prices which is updated close to real time.
Ex Oriente Lux AG are currently negotiating with potential partners globally to bring the self serve vendor machines to high security locations such as banks, airports, casinos, jewelry outlets, shopping centers and hotels.
Another perfect example of taking an existing product and creating a brand new market.
With no required staff, small patch of real estate and rising gold prices, we can sense a possible franchise model in the works for Ex Oriente Lux AG.
It appears that anything can be dispensed through vendor machines these days, so what is next?