Having an online business can be hard at times if the business you represent doesn’t have enough successful products to meet your revenue expectations. That’s when crowdsourcing is a good choice, and you might want to look into it if you find yourself in deep water when it comes to what products to choose in your online store for example. There are plenty of major companies on the Internet that have pretty much their entire business wrapped around the concept of crowdsourcing. What the heck is crowdsourcing? How can you get started with it? I am sure you have asked yourself that question a number of times when you have wanted to broaden your way of doing business on the Internet.
To understand it, you should really have a look at the visual explanation created by oBizMedia. It’s a simple and quite inspiring piece of infographic that will have you pointed in the right direction before you reach then end of it. When done correctly, you could multiply business by several times, not to mention the way you could get the word out about your company and your products. It’s one of the most powerful marketing tools you could ever use for your business.
Wikipedia, Netflix and Amazon are just a few multinational companies that have utilized this type of product development and marketing tool. There are endless ways you can use crowdsourcing, and just because some companies do it one way, it doesn’t mean you have to do it exactly how they are doing it. Come up with your own way that fits your company best, and you will find that you’ll have a whole different customer base. The engagement between your company and your users/customers will increase heavily. The question is just how to utilize this tool to it’s fullest potential. Do you have any suggestions?
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