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Entries tagged as ‘consumer control’

Crowdsourcing to the nth Degree

July 15, 2008 · 2 Comments

Nvohk takes crowdsourcing to the next level by crowdsourcing, well, almost everything. Nvohk (Invoke) is the first community-managed eco-friendly clothing company, and probably one of the first community-managed companies in general. Members make key business decisions including logo design, product design, advertising, product mix, and other design related activities.

The basics go something like this – first, one must become a member for $50/year – from there it is possible to submit logo ideas, vote on certain business decisions, and win rewards and cash based on what you have done. It’s certainly an interesting and brilliant business concept, and will prove to be a very interesting experiment in business management, marketing, and design.

With all “co-founders” having an equal share in the business by submitting the $50 fee, they almost become de facto “shareholders.” By allowing the customers to have an extremely influential effect on the everyday business decisions, this becomes an easy way to get consumers to evangelize the brand – they are actually making the decisions and have a vested interest in the Company’s success.

If successful, this model could potentially lead the way for other small start-ups to take similar paths by ceeding some amount of control, creative or otherwise, to the masses.

-Mike

Categories: social media
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Social Media: By the People, For the People

July 9, 2008 · 1 Comment

Social Media in Plain English

Thanks to The Common Craft Show.

So What’s the Point?

Social Media fosters meaningful relationships. It’s authentic and organic. And it gives everyone a voice.

Social Media + Business

Today, “the people” have the control. They call the shots. And they drive conversations and recommendations.

Brands and companies are defined not by what they think but rather by the relationship that exists between their customers and their products and/or services.

Enter Social Media.

A powerful tool that enables companies to ignite conversation with the audiences who ultimately define their success. By leveraging Social Media tools, companies can create and maintain meaningful relationships with those people who matter most. (Apple, I love you.)

The Question Remains

Why are so many companies afraid of Social Media? What is there to really lose?

My Two Cents

Ignorance is a Bitch. Open your mind. And embrace change.

-A. Rae

Categories: social media
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