Crowd Sourcing Aid Start Ups and Businesses To Grow
How can crowd sourcing aid start ups and business to grow? Well, the most concrete example to give for startups would be through funding aid. Crowd sourcing funds for start up capital is the most obvious proof there is.
But then start ups can also enjoy crowd sourcing aid by way of tapping the wisdom of the crowd. Hence, the term “crowd wisdom.” Here, startups can seek crowd wisdom on the planned start up. The marketing and exit plan can be consulted to a smart crowd.
Another way for a startup to enjoy crowd sourcing aid is through the crowd’s vote of confidence. Hence, the term crowd voting. Here, an entrepreneur planning a startup can check if the planned start up would be likely to hit or not. And if so, why?
In short, there are various ways how crowd sourcing aid startups. Now, the question is…
How Can Crowd Sourcing Aid Business Growth?
By way of crowd sourcing wisdom or intelligence, it allows a business to find solutions on how to improve products and marketing plans. Through it a business can make an open call to smart crowds.
What is best is that, crowd sourcing aid not only finding solutions for business. Such offers finding solutions to present problems a business is facing. But do you know that it also offers found solutions to possible future problems?
Oh yes it does! The crowdsourcing data analysis allows data scientists to get values from business data. Such values are what pinpoints the possible problems that might be faced in the coming days. With crowd sourcing wisdom or intelligence, it allows business to find ways to avoid the possible problems. And in turn help a business to improve and grow healthy.
So you see folks, crowd sourcing aid the gap between consumer and business plan. One good example for this is the Dell computer company. It made use of the crowd’s wisdom. It had used it to find solutions for the challenges that the company was facing then.
Starbucks is another example. Just like the latter, it also did the same to address the problems it faced backed then. Just like startups, businesses can also enjoy the privileges what crowd sourcing votes can offer. The opinions and ideas of the market can be turned into a structured data.
Doing so helps with business change and growth. Getting the crowd’s vote of confidence can help refine products to what the market wants. So, does crowd sourcing aid only startups and businesses?
Crowd Sourcing Aid Disaster Reliefs and Social Projects
It is obvious that crowd sourcing funds can help with disaster relief operations. It can also aid projects with social values. But crowd sourcing has more to offer.
One good example is the collecting of data and information for social value. In Daraja, Tanzania it makes use of text messaging to collect information in areas where there is water.
Another example was the disaster relief operations in Haiti after an earthquake hit Port Au Prince. U.S military and other international groups were able to respond faster through sms messages. These messages were sent to an online platform that helps with its translation.
So, help needed are easily prioritized as to what is most urgent and important. Crowd sourcing aid in making relief operations much faster.
Are you a small scale entrepreneur looking for a crowdfunding platform that can help sell your ideas? Well, www.projects2crowdfund.com is willing to be your crowdsourcing aid in looking for start up funds. Just sign up the form and that’s it. We would also like to invite you to join our soon to launch forum. You may visit our forum business page on Facebook.
Join us now!
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