The other day I read a post about how someone in a poor country is making a living by taking his washing machine across town (rather: slum) and selling it "by the wash", thus turning a product into a service. The rationale in this specific case is cheap washing machines from abroad pushing existing ones down the sales ladder
While I admire the entrepreneurial spirit here, I wonder whether this actually does good or bad. Yes it's a smart move to create a new market when your current one is under pressure, but what if your neighbour does the same with one of them new cheapo laundromats? Even worse, what if one of them cheap labour fellas comes overhere and starts competing with you?