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.