There’s definitely a great deal of excitement about the best way the startups can benefit your crowdfunding and rightly so if you take a look at how much the crowdfunding industry has increased since 2012. Yet another phenomenon, crowdsourcing, has also increased significantly over the last years. So let’s take a closer look at Crowdfunding and Crowdsourcing – the new trends.
With that at heart, the MBA Resources website has presented five good reasons why companies and organizations really should take a good look at crowdsourcing. The most important reasons why businesses should check out Crowdsourcing are:
- to save money
- to save time
- to innovate, to increase customer satisfaction and
- to scale up
Another way of crowdsourcing is turning to consumer feedback for generating new content or products. For example, you might ask website visitors for their opinion about online courses versus traditional classes. If you summarize the outcome of your survey you will be able to create interesting, original content and maybe a new product. This New Economy won’t displace all the old rules and some will still be faced with buyer’s remorse.