Tuvalu earns about 1/12th of its national income from licensing its ‘.tv’ domain to streaming platforms like Twitch.
Topsy turvy business models
Businesses have surprising revenue streams.
30% of Uber drivers in the US have never had a bank account, but they need a minimum of a debit card to get paid on the app. So Uber has allowed drivers to sign up for a bank account as part of the application process, and in doing so has become the largest acquirer of small business bank accounts in the US
US department stores generate more income from credit cards than retail sales.
“Credit income accounted for about 47% and 66%, respectively, of Nordstrom’s and Kohl’s operating income, according to BofA. At Macy’s, the figure was about 55% in 2022, said Citigroup.”
WH Smith, once a high street staple, is really a travel business: it generates £1.5 billion in sales from branches in airports and stations vs £452 million from those on high streets.