University of Alabama Birmingham

Thinking Of Crowdsourcing For Your Business? Here’s What You Should Know


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Did you know that crowdsourcing for your business can help it to grow like never before? Crowdsourcing is actually a great way for new business owners to figure out what they’re going to do, build momentum, and get off the ground. Below, we’ll talk more about crowdsourcing so you can get started. 

Crowdsourcing Ideas

Crowdsourcing isn’t just about getting money together. It’s about ideas. You can crowdsource ideas from your customers or audience – not only will this show your commitment to your audience, it will help you to improve any items you are currently selling. You may even be able to crowdsource solutions to problems. 

Crowdsourcing Partners 

Other people may be beneficial to the growth of your business if they are bringing something to the table that you do not. Yep, you can even crowdsource business partners! Just make sure you are abundantly clear about what you expect from these people and why it will be beneficial for them as well as you!

Crowdsourcing Money

By using various crowdsourcing sites, you can make money to launch a new product or grow your business. You usually have to offer something in exchange for this, though, such as a product or freebie that will encourage people to donate. There are all kinds of sites out there you can use to raise money, and you can do it for almost any business. The infographic below will give you an idea of crowdsourcing in the accounting industry. 

credit to University of Alabama Birmingham

credit to University of Alabama Birmingham

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