Posts Tagged ‘by-product’

Mar22

Have you considered selling your by-products?

Petroleum By-Product

Petroleum By-Product

Have you ever considered selling some of your by-products that you no longer need?

Think about this for a minute. Industries like oil companies, lumber yards, and corn farmers have been doing this for years. Why? Because they take waste and turn it into profits! It is true that in some industries the waste product is actually staring you in the face.

Examples of turning by-products into Sales

Industry By Product Consumer Good
Lumber Sawdust, chips, and shredded wood Manufactured fireplace logs, mulch, particle board, fuel, livestock and pet bedding, winter road traction, weed killing, etc
Oil Refined petroleum Plastics, cosmetics, rubber, synthetic fiber, etc
Corn Kernels Starch, MSG, or even ethanol

Listing of products that use corn

As the old saying goes, “one man’s trash is another’s treasure”. So in an economic time where you need to squeeze out efficiencies and new revenue streams why not think of what you are doing that someone else could want to buy from you.

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