I recently wrote an article on the power of
crowdsourcing and how it is easier than ever for someone small to make a large
splash in the entrepreneur ecosystem.
There is however, a new way to harness the power of
the crowd, and when paired with digital advertising, it is going to be a game
changer!
Introducing "Crowd-Advertising".
Crowd Advertising is the theory of utilizing advertising revenue to cover
some/all of the costs of products and services.
In the past, the newspaper industry used
advertising revenue to cover the costs of the actual newspaper so that you only
have to pay fifty cents for a newspaper. However, digital media is where
there is a much larger audience, and has the ability to have a much bigger impact.
This new Crowd Advertising theory is currently
being created by a new startup called VidFall. VidFall is a company that utilizes advertising
revenue to lower the costs of everyday products and services based on you as a
consumer watching relative video advertisements.
VidFall Example: I can currently purchase an
Apple TV worth $70 for $62 because people have watched the advertisement next
to the product enough to subsidize the Apple TV.
VidFall has hundreds of different products to
choose from, and range from GoPro's to Video Games.
Where VidFall might be one of the first "Crowd
Advertising" companies around, there are literally hundreds of uses for
this type of platform.
Future ideas for Crowd Advertising
Music Industry: Crowd Advertising
could potentially be used in the music industry where artists will give away
free songs after watching "50 advertising videos"
Non-Profits: Crowd
Advertising could be used for raising money for certain projects such as
raising $50,000 for a construction project, and then pair your crowd
advertising with social media to have more people watch advertisements where
the advertising revenue received gets put towards the projects goals! It
might take 25,000,000 views to raise $50,000 however it getting increasingly
easier to reach massive amounts of people through the internet.
Crowd Advertising IS going to be big, and VidFall is
paving the way for future Crowd Advertising companies and the consumers they
serve.
VidFall is a Portfolio Company for Wasabi Ventures, who
have brought us companies such as Ustream, LaunchAngels, CapLinked, ImmedietlyApp, and Wanderu
You're definitely somebody that has something to say that people need to hear. I've learned great ideas and bookmarked already for my future reference. Thanks!
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