Chaordix and the UK KPMG have just announced a new strategic alliance to provide a new crowdsourced market intelligence service to companies in the UK. Called Crowd Connection, the new service will be powered by Chaordix’s Crowd Intelligence, a technology that generates data which provides market insights to its clients using the power of crowdsourcing.
I'm noticing a growing trend: many people are rushing into crowdfunding to finance their projects without fully understanding the numerous challenges that await them. It's as if they're going out for their first skydive, but they don't bother to take a skydiving lesson or get a few practice jumps in. They just close their eyes and hope it all works out.
And then they realize they forgot the parachute.
I don’t have an answer to this question. I would love it if some of our international readers can debate this in the comments section. It's an important question for crowdfunding websites when making plans for international expansion, but it’s also a really interesting question in general. Is crowdfunding cultural? Would it work as well in China as it does in the U.S.? Are the Latin countries of the Mediterranean as open to the concept as their Anglo-Saxon neighbors? Do countries that celebrate individualism crowdfund better than those that celebrate the group? Or is it the other way around?
Most startup companies usually face a lot of glitches especially in the initial phase of setting up a business. As a startup tech company, you may have a world-changing product and are ready for business to bring it to the world. But if you cannot manage to obtain the funding you need to get up and running, the product is as good as nothing. As an entrepreneur, it is also equally important for you to make people see what makes your idea so special. If you cannot do so, the greatest of ideas and plans can come crashing down.
Crowdfunding.com, a domain that's seen much anticipation around what it will eventually become, has finally been "acquired." GoFundMe secured the rights in a deal that's attempting to stay off the record.
If you’re in the crowdsourcing business, you’re oftentimes working closely with creators or designers who are trying to make a name for themselves in your industry or area of focus. If you’re not helping them grow, I can assure you, you won’t be growing either.
For crowdsourcing companies, the most critical asset that you have is the community that you've built. Your success is inextricably tied to the success of your community. It’s not enough to just ask them to do work for you; you also need to commit to serving their needs.
It's no secret Virgin is my favorite company. Everything they touch turns to gold & they seem to have an awesome time doing it. So I've been surprised they haven't taken to crowdsourcing more than the few one-off projects I've seen here & there. Luckily that changed when they launched a design contest on Australian site, DesignCrowd.
Crowdsourcing is about process; It's not about organization. It's about commmunication, point of contact, and how you establish and keep a history of the info you need in order to do the jobs properly. It's not how you insert crowdsourcing into your organization, but how do you think about your process & organize it around a crowd. In today's podcast I'll show you how to properly add crowdsourcing into your organization, through a modification of your work process.
Although crowdsourcers believe deeply in the insights that can arise from collaboration in a group, we're also always on the lookout for individual experts. We love people who are passionate, knowledgeable, and engaged. We imagine the twinkle in their eye as they launch into their favorite topic, overflowing in an online community with opinion and insight. We love nothing more than to help them thrive in a crowd that can truly appreciate their abilities.
If you grew up in the 1980s, there’s a good chance you once wanted to become an archaeologist like Indiana Jones. After all, it’s hard to compete with a job that includes uncovering ancient civilizations, risking life and limb to secure irreplaceable artifacts and casually shooting swordsmen in cold blood. But in between avoiding blow-darts, alligators and swinging blades, Indy was plain old Dr. Jones, diligently putting in the hours of research and study that gave him the expertise necessary for his successful fieldwork.