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?
We have seen the likes of Spreets, Living Social and Groupon leading the trend in the group buying concept over the last couple of years. It's popularity has increased immensely over the last year or so with the crowd, who are always looking for a great deal. We are starting to see a number of new startups taking the crowd power group buying concept to a new level.
Australian startup One Big Switch, is using crowd power to obtain better mortgage deals with the various financial institutions for everyday mortgage holders. One Big Switch launched its first campaign "Choice Big Bank Switch" on the 31st July 2011 to find 1000 Australian mortgage holders willing to switch banks for a better mortgage deal. 10,000 Australian consumers registered in the first 12 hrs and 40,000 registered in the first 2 weeks.
Concept is simple, mortgage holders interested in switching banks for a better deal register on the One Big Switch site. One Big Switch negotiates with lenders, seeking the best deal and rate for the switchers. Mortgage lenders compete with each other to attract the group of switchers with a special offer and rate. The registered mortgage holders then have the opportunity to determine if the winning lender offer is right for them.
One Big Switch monetization is based on a commission model which is paid by the lending company who win over the switchers. One Big Switch advises that full disclosure of commission payments is disclosed to all switchers.
Currently One Big Switch is looking at other switching offers such as electricity and other market segments.
Another great example of an innovative startup creating a twist on an existing competitive market concept. Why not start a similar concept in your corner of the globe, inturn demolishing government and corporate dominance. People power is showing no signs of slowing down.
Less bank loans and interest rates, and more getting outright cash injection from the community that already supports you. In addition to the moral support they and perhaps even strangers can provide, they can join up and do it monetarily.
In return for financial contributions, an oft seen return are the 'rewards' that contributors get based on what amount they contribute. You could get a photo of the team you're funding for your 1 dollar contribution, or a visit from them around the world for your 2000 dollar contribution. In the case of Pozible, the project maker sets the reward and amongst them so far I see shoutouts, signed copies of finished books, artworks and more.
The format and even layout hark very much to crowdfunding star Kickstarter but where Pozible comes in with a difference, apart from it's Australianess, is it's Network Collaborators.
Though now a large part of the direction that Kickstarter is taking, Pozible is doing this collaboration from the start. Kickstarter works in collaboration with the likes of TED and Sundance to help fund curated projects along the lines of each organisation. This, Pozible also does, straight out, with Australia cultural networks and organisations.
Some very exciting names on board, the likes of Craft, Hub Melbourne, Incubator and the Sydney Film School number on the list.
Pozible seems headed in the strong direction to nurture a creative community through support on multiple levels. That of the individual, their network, larger cultural bodies and the eyes on the internet.