Meet LaserMonk in Chief
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Twitter itYou wouldn’t think a monastery deep in the western woods of Wisconsin would be involved with re-manufactured laser printer cartridges, but there they are, a multimillion dollar business, up to their necks in profits… See, the monastery was in dire financial straits, and Father Bernard McCoy, now the Chief Operating Monk, struggled to keep it afloat. One day it struck him as he searched for a way to save on toner cartridges. Why not tell others about the great deal he got? And why not act as the middle man and purchase these cartridges for them?
The monastery’s initial investment of $2,000 turned into $2.3 million in sales in 2005, and is expected to double this year. The monastery is out of the pits, and can now afford a private plane and a horse stable, among other perks. How do they manage the profits? The monks are all volunteers working for the monastery, and take no salary. LaserMonks is a non-profit. To top it off, Father Bernard has high plans. He wants to take over the toner market. With this sort of a business model, they’re a real threat to their competitors. I have to wonder about the scalability and sustainability of their business, but only time will tell.
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With such slave labor even the Old South prospered. China also prospers. Wait until the Labor Unions get word of their practices.
Comment — January 5, 2007 @ 8:45 am