Reputation auction: Pay to work

What is a good reputation worth to you? In a professional context, a lot seems like a good answer. CharityBuzz illustrates the power of a good reputation selling platform. In return for some valuable company names on a CV, people participate in auctions for jobs. They pay to work. Companies that have a few spots available for interns, can put their positions on the Charity buzz auction platform. And with success! It seems that interns pay thousands of dollars. The winner will work for ‘free’ in return for a kick-start of his or her career. The companies that participate don’t receive the money themselves. The collected money will be donated to charity.
Charity for buzz is not the first platform that sells reputation, but it is remarkable due to the high prices that get payed for it. In the end this action is not different from buying virtual gold with real dollars to get a better equipped avatar in an online game. It’s all about earning respect from your peers. Although the context (gaming vs professional) differs, the transactions stays the same. More and more variations on this concept arise. Therefore we can conclude that the business of reputation and respect selling will probably flourish in the coming years. Something to keep an eye on!

Posted on May 27, 2010 in Internet & media Read more

Freeset, an eco and people-friendly business model

The busy holiday period is a good time to highlight one of the many charity based business models. The revenue model that is being used by these organizations is often not that complex. Many of them simply ask for a donation while others will give a commodity in return. A pencil, a plant, a newspaper and so on. But asking thousands of families for donations is labor intensive so when you’re trying to do something valuable, a B2B charity business model might be a better option. Freeset is such a company. They realize they are not in the product business, but in the reputation business. So when you’re selling the value ‘doing good’ the focus of your branding will not be the functionality of the product. Freeset sells Jute bags so they won’t last forever. But even this lack of quality is being used as positive feature. Using Jute makes Freeset bags biodegradable so that makes them (more) eco-friendly. Not only the product is focused on ‘doing good’. The business model of Freeset is build on top of a revenue model where the profits are being used to fight sex trafficking. Thereby the fair-trade business of Freeset is being perceived as People-friendly as well. So when clients are buying these event bags, they are ‘doing good’ and receive a platform (the bags) to show this to the world. Events itself are generally build to give companies opportunities to get exposure. And sadly it is exposure what you need when you are selling charity to businesses. Doing good, without anybody noticing, is economically not interesting.
revenue model example of freeset.com
Large companies that are trying to be eco-friendly, people-friendly and thereby claiming to do good are having a hard time online. When done right a profitable revenue model can be the result. Freeset is therefor a good example. But brands that are using charity or good causes as a marketing gimmick will be publicly crucified. See how even Apple is trying to coop with bad publicity on their green efforts. They make attractive products but being green is currently not their focus. Consumers have more power than ever. This forces companies like Apple to be more transparent on their efforts. But when you’re active in the ‘charity business’ you better do this over the top like Freeset. Eco-friendly, Fair-trade, People-friendly and so on. Do it and show it to your clients.

Posted on December 26, 2009 in Consumer goods Read more

RFID powered local currency presented: The Bijlmer Euro

Last week at the Creativity & Innovation PICNIC conference in Amsterdam a new remarkable project was being presented. The artist Christian Nold explained his concept ‘Bijlmer Euro’, a name for an alternative currency used only in a specific district of Amsterdam called Bijlmer. In this region he delivers a service towards the local ethnic community. [...]

Posted on October 2, 2009 in Non-profit & public Read more

WantsForSale.com Begs For Broker Platform

A trip to Las Vegas  for a painting! New York artists Christine Santora and Justin Gignac are painting portraits of all the things they wish to get on WantsForSale.com. Wants For Sale is not new yet interesting to look into further. It is a nice variation on the Intention Economy in which the buyer’s intent [...]

Posted on June 14, 2009 in Internet & media Read more