Taking Advantage of Untapped Assets

I go to some length to save a buck when possible and I’m sure most of you reading this do the same thing. In our circle it’s not unheard of to spend hours and hours crunching the numbers to discover the best method to save or the best formula to grow that hard earned dollar. And with great effort come great results most of the time. I know that the hours I’ve spent running our numbers, finding where we can cut costs and deciding on what investments would have the greatest payoff have had a big affect on my family and we certainly wouldn’t be where we are now if we hadn’t taken the time to audit our financial life.

But time is just one asset we can take advantage of to save or make money and people are always coming up with new ways to make money from other assets that most of us don’t even realize we have.

Curb-appeal takes on a whole new meaning

I’m sure this caught the eye of some of you last week. I’d say this is a pretty extreme measure to avoid foreclosure, but not just that, it’s above what most people would go through to make an extra buck. I mean, it’s embarrassing, you may catch crap from your neighborhood, your yard would always have to be immaculate and it’s probably not even allowed by most Homeowners associations.

On the other hand though, it’s a secure investment and makes use of an asset that you already have in your possession. One might even say it’s a no-risk deal; the company behind the ad service will pay your mortgage for as long as you keep your house painted. They pay to have the house painted when you join and when you’re finished will paint it back to what it was originally.

People have been doing this to their cars for years and it was only a matter of time before people started using their homes like this.

20% to become a walking billboard for life

Here’s another… The deal is, if you get this companies logo tattooed on your body you get a lifetime %20 discount on their products in-store. The tattoo can be of any size you like and can be colored and complimented to your liking, but the logo of the company must be intact and clear.

I just can’t see the value here though. A tattoo is (semi) permanent, generally expensive to get and even more so to remove. The company behind this, Ecko/Cut & Sew, sell clothing, shoes, backpacks and watches to name a few things. I’ve always thought of their products as on the pricey side and have never owned anything they make.

If I was to go through all that to save some money, it would have to be a lot more than %20 and it would have to be a store that sold more than clothing. Plus, I shop online for just about everything.

Now if Walmart offered the same deal and gave you a membership number of some sort once the tattoo was verified so you could use it online, I may have to change my beliefs 🙂

Kidding aside, both these ideas make use of something you already have in a new and creative way but would you go this far to save or make a little extra?

Image by RangerRick

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6 People have left comments on this post

» Claire MoylanNo Gravatar said: { Apr 12, 2011 - 12:04:00 }

Just grow your hair out long and sell it. Far more profitable than 20 percent and you don't have to look like someone who went through a concentration camp experience. The idea of having some corporate logo on my body for a monetary discount sounds really gross to me. Maybe they'll get to patent my body or lay a squatting claim on it later. You never know with large corporations…

» Jesse MichelsenNo Gravatar said: { Apr 13, 2011 - 12:04:00 }

That's a great idea. Have you ever sold your hair? I'm sure Ecko will run into legal trouble down the road when the tatted up consumers get all wrinkly ad angry because they no longer shop Ecko 🙂

» Perfect DadNo Gravatar said: { Apr 13, 2011 - 09:04:54 }

I wouldn’t get a tattoo or paint the house, but there are tons of non-obvious things that are worth money to someone. For example a view: You could buy land in front of an ocean-view home and then charge the owner of the home a lease to prevent the land from being developed. It’s all in the use, and who profits. We’ve heard of the garage sale items that some people throw away as junk while others know the value.

Jesse MichelsenNo Gravatar Reply:

It’s true, there are thousands of ideas out there that are just waiting for you to come along.

» Edwin @ Cash The ChecksNo Gravatar said: { Apr 14, 2011 - 01:04:23 }

You gotta draw the line somewhere and I draw it on permanently tattooing my body for a company that might not be around longer than I’m alive.

Jesse MichelsenNo Gravatar Reply:

haha good point, what if they closed their doors before that %20 could pay for the tattoo and eventual removal 🙂

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