Chart: 11 critical success factors for crowd business model

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On Monday October 22 I am running Crowd Business Models Summit, where some of the most experienced leaders in successfully building business models based on crowds will share their insights. The event is being run in association with CrowdConf 2012, the leading industry crowdsourcing event.

Beforehand I thought it worth sharing part of the Chapter on Crowd Business Models from Getting Results From Crowds.

Here is the overview of the success factors relevant across the 8 major business models (see the Crowd Business Models Framework for details), excerpted from the chapter on Crowd Business Models (Chapter 22 in the first edition, Chapter 25 in the second edition). Explanations of each factor are provided below the chart.

Success factors for crowd business models

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Launch of Second Edition of Getting Results From Crowds at CrowdConf

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[This post first appeared on the Getting Results From Crowds book website]

When Getting Results From Crowds was published in December last year the intention from the start was to regularly revise the book, both to keep apace with the rapidly changing world of crowdsourcing, and to continue to improve it.

The Second Edition of Getting Results From Crowds will be launched next week at CrowdConf in San Francisco, where all attendees will receive a complimentary copy. In fact participants in the Crowd Business Models Summit that I’m running on October 22, the day before CrowdConf will be the first people to get the book.
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Fantastic insights on the inspiring future of crowd business models

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I have just had my mind blown.

I have got off a call with three of the speakers in the Future of Crowd Business Models session at Crowd Business Models Summit, which will be held in San Francisco on October 22, the day before the major crowdsourcing conference CrowdConf.

What I heard from the speakers on what they will cover and the conversation we had was amazing. This is going to be an awesome session.

I can’t do justice to their ideas in a blog post, but here are a few notes from the conversation.

BYRON REESE is EVP of Innovation at Demand Media, having joined the company when his company PageWise, including its subsidiary Expert Village, was acquired by Demand Media.
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Crowdsourcing workshops in NYC: Crowds for marketing and Crowds for media and content

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I wrote Getting Results From Crowds to provide a broad view of the rapidly growing role of crowds in business and society, and how to get the best outcomes from using crowdsourcing. From there, I have been delving into what I see as some of the most important specific applications of crowds, including business models, marketing, and media.

I will be sharing some of that work, and bringing together some of the most talented and experienced people in these spaces at a series of events in the US in late October.

I have already written a little about the Crowd Business Models Summit on October 22 in San Francisco. The speaker line-up we have for that is fantastic; the event should put the topic of crowd business models squarely on the entrepreneurial agenda.

Later that week, as part of the Crowdsourcing Week venture, I will be running two crowdsourcing workshops in New York City:

Crowdsourcing for Marketing in Enterprise & Agencies

Crowdsourcing for Media & Content
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Come experience Crowd Business Models Summit in San Francisco on October 22

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My book Getting Results From Crowds was designed as a highly practical overview of how to create value using crowdsourcing. However the last section on Crowd Business Models is perhaps where my deepest interests lie, and is one of the most important issues in the crowd space. Business models are increasingly based on crowds, so we need to understand how to make them work.

As such I wanted to bring together an event to focus attention on crowd business models. I am delighted to be partnering with CrowdConf, the premier crowdsourcing conference in the world, to run a half-day Crowd Business Models Summit immediately preceding CrowdConf at the same venue, UCSF at Mission Bay (where incidentally we also held our Future of Media Summit 2007).

For full event details see the Crowd Business Models Summit website on the CrowdConf site.
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Value polarization and transcending job commoditization: Expertise, Relationships, Innovation

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Yesterday I released a first version of my Future of Work framework.

I think that a detailed explanation of the outline framework would be a very useful complement to the visual landscape, and I aim to provide that over coming months in a series of blog posts, videos, and other content.


Click on the image to download the full framework.

Today, I thought I would look at the ‘Value Polarization‘ section under Economic Structure.
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[VIDEO] The world’s first full motion-graphics presentation

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In late April I gave a keynote at TheNextWeb 2012 conference in Amsterdam on The Future of Crowds.

I have for many years intended to develop a full motion graphics presentation. I have long used highly visual presentations to accompany my keynotes, often including numerous videos without sound as well an array of full screen images. However they primarily consisted of static visuals.

I decided TheNextWeb conference was a good opportunity to create my first full motion-graphics presentation. Below is a video of the keynote’s visual presentation.


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Launch of We’re Looking For Talent – the foundation of a crowd business model

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We have just launched our new recruitment site We’re Looking For Talent.

Crowd business models are a major theme for us in our publishing and events. They are also at the heart of the AHT Group business model. As we build our businesses we want to see how far we can take the use of distributed work.

We currently tap work and talent on a wide variety of crowdsourcing sites, but we have reached the stage of creating our own platform in finding the best people to work with.

The principles for how we seek to attract talent are described in detail on the page Why Work For Us?, which is the best place to read about what we are doing, however I’ve provided a brief summary below.
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Australian regulators endanger crowdfunding by pushing assessments of project viabiliy

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This post was first published on the Getting Results From Crowds book website.

Today the Australian Securities & Investment Commission (ASIC) issued a wide-ranging guidance on crowd funding.

The guidance in essence recognizes crowdfunding and clarifies the current legislation that applies to the area. It notes that if crowdfunding activities “produce financial benefits” then they are regulated under the Corporations Act and will require a disclosure document.

In the case of crowdfunding being effectively “pre-purchase arrangement of a product or a service”, then it will be regulated by the Competition and Consumer Act, that applies to all retail sales.

These points were pretty obvious, so this part of the guidance simply clarifies the relevant legislation for those involved in the space.

Where the guidance gets interesting is on what they expect from crowdfunding platforms in helping to manage risks:
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Crowdsourcing Entrepreneurs drinks in Sydney this Friday

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Crowds and crowdsourcing are increasingly at the heart of entrepreneurship, represented by the burgeoning crop of crowdsourcing companies, the rise of crowd business models, and the fact that a large proportion of entrepreneurs today draw extensively on crowdsourcing in building their businesses.

Ignacio Rodriguez and Enrique Mena, CEO and COO respectively of Chile-based Spanish-language crowdsourcing platform MeritusPro (which I am an advisor to) will be in Sydney this week, so I thought it would good to organise a crowdsourcing entrepreneurs drinks for any entrepreneurs involved directly or indirectly in the crowdsourcing space, though all are welcome.

BlueChilli has kindly offered their new city space as a venue.

Here are details:
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