Friday, September 21, 2007

Best Business Idea I've Seen in Months

I envy this guy.
Here's how it works: Customers who sign-up with RecycleBank receive a special container embedded with a computer chip. Every time the recycling truck comes for a pickup, it records the weight of the bin and transmits it wirelessly to an online account. Homeowners accrue up to $35 worth of credits a month based on the amount of recycling they do.

2 Comments:

Blogger Jon said...

Well, one concern here: The way the city recycle program works now, at least in the Phoenix area, is that there is no real economic incentive to recycle. You just do it because you want to help out. However, one good thing about that is that when people put things in their recylce bins, a large majority of that stuff is actually recyclable. I am assuming this company has addressed this issue, because it seems really obvious to me, but how do they regulate and make sure the stuff being put in the recycle containters is actually recyclable? I don't know of a good solution to this b/c it is too costly to inspect each person's reclycle bins...right? So what stops Family X from putting in only a few recyclable items and stacking the weight with other non-recyclable stuff to get extra $$ per month?

7:40 PM  
Blogger Jon said...

Sorry, serious spelling errors in there, reflects well on me, lol.

7:43 PM  

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