Google Prizes -- the official site is Prizes.org -- is the search giant's attempt to help people generate ideas or fulfill tasks by crowdsourcing. Those interested in getting the assistance of the crowd create a contest or question and associate a prize to the completion of the task. Looking for a new logo design for your blog? Give Google's Prize a try.
What I particularly like about Google Prizes is that it is a service that benefits both parties: people looking to fulfill a task can set a price that they can afford and others who have free time can accomplish that task. Have a try for yourself.
Implications - As a result of the economic downturn, consumers -- and especially youth consumers -- are strapped for cash. These groups are looking for ways to turn their free time into time generating cash. Companies should consider initiatives that invite consumers to make extra money either through contests or by performing small tasks.
Crowdsourced Cash Sites
Google Prizes Pays To Help Others With Their Tasks
Trend Themes
1. Crowdsourcing Contests - Businesses can use crowdsourcing contests to generate ideas and fulfill tasks while providing cash prizes to participants.
2. Freelance Task Platforms - Creating a platform that connects people in need of assistance with those who have free time and skills can be a lucrative opportunity in the gig economy.
3. Innovative Reward Systems - Developing reward systems that incentivize users to participate in crowdsourced tasks can lead to increased engagement and productivity.
Industry Implications
1. Marketing and Advertising - Marketing and advertising agencies can use crowdsourcing contests to generate creative ideas and promote brand awareness.
2. E-commerce - E-commerce platforms can implement freelance task platforms as a way to improve customer experience and increase sales.
3. Human Resources - Human resources departments can use innovative reward systems to incentivize employees and increase motivation in the workplace.