3 basic guidelines for crowdsourcing innovation: (1) Establish goals and set boundaries. (2) Be realistic about incremental vs. disruptive innovation. (3) Don’t turn your back on proper methodology. Read more inside.
Step 1- Understand the Concept of Crowdsourcing. Step 2 - Get Inspired. Step 3 - Choose the Right Platform. Step 4- Nail Down the Prize Amount. Step 5 - Get Your Story Straight. Read the in-depth cheat sheet on crowdsourcing inside.
7 Signs You Should Start a Crowdsourcing Project: 1- You’ve Run Out of Ideas. 2- You have too many ideas. 3- Work-life balance is seriously out of whack. 4- You've had bad luck with consultants and contractors. 5- Your favorite organizations are doing it. Read the rest, and more inside.
This post is about crowdfunding: what's possible in the field, how to best approach crowdfunding and the different business models of the various crowdfunding platforms.