Jicogo Business Model Essay

I consider that the advantages of crowdsourcing not only reduce cost, but also provide working opportunities with a large number of general people. For example, 1) Total labor cost can be reduced. 2) It’s generally faster than hiring temp staff or traditional outsourcing firms 3)Mothers, who quit working even if they have working experiences, can utilize working opportunities in order to work as a part time job. 4) Crowdsourcing provide NEET (Not in Education, Employed and Trained) people with opportunities to join something social activities. On the other hand, disadvantage implies that 1) Dishonest companies maliciously utilize people without caring for

The purpose of this report was to design a start-up strategy and IS infrastructure for Ruth & Luke (R&L) Crowdsource’s business.  Research for this report identifies the focus (target market), opportunities and threats in entering the market and provides a detailed business model.

Crowd fundraising or Group fundraising services like GoFundMe allow people to raise money for friends, families, neighbors or themselves as well as for charity too. GoFundMe has a special and different page for Hurricane Maria for charities, individuals and families. Global Giving , a crowdfunding site for charities, is trying to raise $2 million for local relief and recovery

There are also some risks associated with using Indiegogo as a crowdsourcing platform, despite the various advantages provided to HP. As Indiegogo is an online platform, it is indicated that the platform is indeed accessible on a global scale. This means that HP will have to manage a large scale of workers, all around the world. This would require synchronous virtual group meetings and a highly effective two-way information stream where HP is kept informed of all progress and activities being done. This may pose communication barriers decrease the efficiency of meeting goals effectively, which the opposite of what HP is looking to do. Hence, HP’s time would be spent more on management than solution. There is also a problem with the fees associated

Crowdsourcing is the use of customer feedback or consumer review. It has now moved forward to be common in advertisements such as the Dorito’s Crash the Superbowl ad, “a program that relies on the consumer to turn its Super Bowl airtime into one of the most memorable ads of the evening” (Erickson 2012.) The Internet has influenced the power of crowdsourcing by making it available to everyone in a click of a button.

Organizations must view their potential donors as people instead of a potential donation. Organizations must effectively and efficiently collect and organize data about each potential donor in order to tailor strategies and techniques that encourage and persuade the individual to support their cause (Weinstein, 2013, p. 110). Organizations must listen carefully to the desires of the potential donor and use this information to create an appeal for support. Once this information is collected it should be documented using fundraising software or an Excel spreadsheet (Weinstein, 2013, p. 73). Although data collection and organizational systems are great, they are useless if the organization does not use the information to request support from unique donors (Weinstein, 2013, p. 111).

Crowdfunding has become commonplace in the art world, but the Jewish Museum launched its first Kickstarter campaign for a number of reasons, of course, in order to fabricate the thousands upon thousands of artworks needed to keep the show fully-stocked throughout its run. Also through

They could host events where artists from all over the world are there to perform. Moreover, other events could be fashion shows or even an basketball/soccer night where two big teams could play. Hosting events similar to these can help further donations. Advertisement for these events could happen through; social media, flyers, and television stations.

"This is something better described as internet-enabled, crowd-sourced capitalism because that's really what it's about," Stephenson said. "It's creating an opportunity by using the internet to monetize some assets that would be difficult for us as individuals to monetize."

Maximizing the sale of tickets; raffles can maximize the sales of tickets by two methods, the cause or the prize. By promoting their cause the organization will appeal towards individuals who have been affected by or know someone who has been affected by the cause. Additionally, using social media to spread information about the cause and the

The business model canvas is an excellent choice for businesses to use when starting a business. It was created by Alex Osterwalder and Yves Pigneur. The Business Model Canvas, is a strategic management and entrepreneurial tool and it allows you to describe, design, challenge, invent, and pivot your business model (The Business Model Canvas, 2015).

Michael Lewis (2000: pages 256-257) scoffed at the whole attempt to formalize the definition of business models when he wrote that “ “Business Model” is one of those terms of art that were central to the Internet boom: it glorifies all manner of half baked plans. All it really meant was how you planned to make money.”

There are many peer-to-peer fundraising platforms available. The best ones found have a low cost to high service ratio, efficient functionality and can also be easily used withWordPress. The top ones include FirstGiving, Classy, Qgiv, SalsaLabs, Razoo and Giveeffect.

financial help from the general public (the “crowd”) instead of approaching financial investors such as business angels, banks or venture capital funds. This technique, called “crowdfunding”.

Crowdfunding creates funds for new projects by using internet and social media. This can benefit small business projects to obtain their required funds. A project receives small investments from wide range of individuals through web advertising and social media. The individuals (investors) who have invested in the project may receive incentives such as discounts on the products, early opportunity to purchase their products, inclusion of their name in the list of contributing founders etc., so, they are not purchasing the share of the company. Crowdfunding avoids going to the banks, friends and family to get funds. It also avoids giving up partial ownership of their company. The websites like www.rockethub.com, www.peerfunding.com,