Crowd participation structuresCompetition Single round • Single prize • Runner-up prizes • Multiple equal prizes • Purchase any number for agreed fee Multiple round • Invite-only participation fee for first round • Participation fee for subsequent roundContent market Purchase • Catalogue • Respond to requestParticipation fee Ideas and discussionValue-based Contribution- based Peer awards
Platforms vs Own crowdIssue Use platforms Own crowdBreadth Broad, deep pool of contributors. Usually limited size.Relevance May not have right contributors. Highly relevant contributors.Time Available immediately. Significant time to develop.Process Can offer sophisticated filtering. Platforms may be less flexible.Investment Low establishment costs Large investment required.Advantage Differentiation through skilled Can offer competitive advantage. use.
Open vs Closed crowdsIssue Open ClosedTalent Amateur or aspiring. Top talent.Innovation Broader and unexpected ideas. Within defined scope.Cost Usually lower. Usually higher.Relationship Diffuse relationship. Stronger relationship.Process Stand alone activity. Integration into client process.IP exposure Disclosure needed. Protection possible.
Types of crowds for marketing Crowd type Key characteristics Professional Closed community Experienced Significant rewards Aspiring Talented professional Less experienced Profile is highest reward Amateur Invite-only or open Aimed at diversity Often rewarded Customer Know the brand Usually enthusiasts Preferably diverse
Marketing applications of crowdsourcing Application Description Content creation Generating marketing content such as videos, images, or copy. Idea generation Creating ideas to identify or develop marketing initiatives. Product Identifying insights to enhance existing products or develop new ones. development Customer Gathering customer perspectives on current or potential products or marketing initiatives. insights Customer Building greater participation and affiliation with the brand and company. engagement Customer Tapping customers to spread word to their personal networks about products or services. advocacy Pricing Gaining insights on attitudes to possible pricing strategies.
AttractingMotivation IssuesFinancial Many contributors of quality content are primarily motivated by financial rewards. However acceptable pay levels are often significantly below professional rates.Being paid For aspiring content creators, there can be strong motivation in being a “paid writer”, even if the amount of money involved is not significant.In-kind Rewards such as access to media content or a database in return for being a contributor are well accepted.rewardsPersonal Having the contributor’s name and possibly bio publicly associated with their contribution can enhance their profile or reputation.brandLinks Often contributors of content will be sufficiently rewarded by a link (preferably a chosen text link) from a well-ranked website as it supports their visibility in search engines.Social impact Some contributors are seeking opportunities to have a positive social impact, for example through sharing values or assisting social initiatives.Contribution Many are motivated to contribute to what they consider a common good, such as reviews that assist better buying decisions, or compiling an open-access database.to commons There is also often a desire to contribute to specific communities, bothor community geographical and interest-based.Skill Writers or video creators may be motivated by being able to improve their capabilities, and will value coaching or editorial feedback.development