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Just my thoughts #0626

One of the key principles of money is ‘opportunity cost.’ It means that when I buy something, I have to give up something else in return. We think we buy because we need something, but we often forget that we could buy something else instead. We rarely consider ‘opportunity cost’ when making a purchase. We do not compare other values against our needs. Buying something means giving up something else, but we often don’t realize it. When we spend money, we should also consider the ‘opportunity cost’; yet, in reality, we aren’t trained to do so. By making a purchase, we bypass the value comparison that may not offer any additional benefits. Maybe it’s because we lack knowledge, or perhaps the idea isn’t appealing. - Joseph’s “just my thoughts”

Just my thoughts #0336

The era of the Industrial Revolution mechanized humans. In today’s information age, machines are increasingly humanized, exemplified by artificial intelligence. Artificial intelligence combines with robots to take over tasks traditionally performed by humans, leading to what is known as mechanical unemployment. This trend is referred to as the phenomenon of dehumanization, which concerns many laborers. However, the burger shop ‘Creator’ in San Francisco has embraced robots, selling burgers at an appealing price of $6 each, sparking considerable discussion. Rather than having a human operate like a machine, robots are utilized, while humans engage with customers, consult personalized recipes, and serve the burgers. This situation illustrates how advanced mechanization can help restore genuine humanity. - Joseph’s “just my thoughts”

Just my thoughts #0217

Video creators often face bankruptcy due to “editing.” Profit is essential for revenue generation; profit is realized only when revenue surpasses costs. “Editing” constitutes a significant “cost” to boost sales. There’s a belief that quality editing enhances the likelihood of sales. While this is somewhat true, survival until a sales surge depends primarily on minimizing costs (editing). It’s not filming, but “editing” that often leads video productions to financial failure. Nonetheless, many production companies fail to adequately factor in editing costs into their overall production expenses. The reality is that a substantial amount of money is tied up in “editing.” - Joseph’s “just my thoughts”

Just my thoughts #0216

There is a saying that bears perform tricks and their owners have money. Ownership, and thus rights, are powerful when they become a platform. The odds of making vast sums of money from video creators are small. However, most of them need video editing, regardless of their profits. In fact, rather than making money for video creators, video editing software companies make money. There are far more ads in job openings asking for editors than for video creators. The more online shopping malls there are, the more money delivery companies make. Since business is a competition within finite conditions, the primary virtue of business is to be in the best position above all else. It must be hard to get into the wrong line and compensate for it with something else. - Joseph’s “just my thoughts”