crowdsource your success
Post on 19-Oct-2014
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Discussion about how to utilize various crowdsourcing tools and resources as an affiliate marketer and merchant to improve conversions and improve revenue.Experience level: IntermediateTarget audience: Affiliates/PublishersNiche/vertical: MarketingMatt Mickiewicz, Co-Founder, 99designs, Flippa & SitePoint (Twitter @sitepointmatt)TRANSCRIPT
Affiliate Summit East 2010
Crowdsource Your Success
Matt MickiewiczCo-Founder: 99designs, Flippa & SitePoint
About Matt Mickiewicz
• Started SitePoint.com in 1998. It’s still one of the Top 1000 Websites as ranked by Alexa
• Launched 99designs in 2008 which went on to become the most popular marketplace for crowdsourced graphic design
• Created the first ever web-platform for buying and selling
website via auction (Flippa.com) which has sold $39M in websites to date
Predicting Who Will Win the Oscars
• Since 1995 Paul Johnson has been asking his students to guess who will win the Oscar in 12 categories
• The average student got 5 predictions right
• The average is right 11 out of 12 times, and beats any single student (even in a class of 125!)
Can Crowdsourcing Make You Successful?
• The Many Are Smarter Than The Few, i.e. “Ask the Audience” on Who Wants To Be A Millionare has a 91% success rate
• X-Prize, Wikipedia, Netflix $1 Million Prize
4 Pillars of Crowdsourcing
1. Diversity of Opinion/Knowledge/Skill2. Independence3. Decentralized. Global is better than local4. Aggregation. Wiki’s, Marketplaces, etc.
Crowdsourcing is NOT Rent-A-Coder, ScriptLance or Guru
Crowdsourcing is One-To-Many.
Landing Page Optimization – FiveSecondTest
• Get quick feedback on landing page designs – FREE
• Do your calls to action stand out? Get people clicking on “hot spots”
• Can visitors understand what the site is about?
• Give viewers a memory test: what can they remember about the landing page?
PPC Management – Trada
• Turn over PPC Management to a group of AdWords Qualified Professionals
• Experts work to your metrics: CTR or CPA• They create keywords, ad groups, and write
ad copy• On average, you get 24 people working on
your account, 110 ads & 6500+ keywords • Covers AdWords, Yahoo & Bing
Crowdsourced AdWords CTR Improvement
• BoostCTR.com allows you to get experts competing to write the best AdWords ad copy for you
• Boost clickthrough rates, quality score, and lower your CPC
• $99 per ad group with guaranteed improvement
Product Development – Quirky
• Crowdsourced product development
• Submit new ideas for products or influence products currently in development and earn cold, hard cash
Vitaminwater & Dell IdeaStorm & Doritos
• VitaminWater developed new flavours & promoted themselves via Facebook App
• Dell’s idea storm has resulted in the company going carbon-neutral, selling ink in retail & more
• Doritos – #1 Superbowl ad in
Youtube in 2006
Feature Requests – UserVoice & SuggestionBox
Group Input: Voting
• You can discover what will be popular in advance
• SxSW solicited its fans to vote on their favourite T-Shirt design. The winner ended up being the #1 seller at the conference.
Crowdsource Your Naming & Brand
iPhone App Developer paid $27.50 via Amazon MechanicalTurk for 500 responses and came out choosing iReadFast
Crowdsource Your Naming & Brand
Beware: isnack 2.0
Develop Your Website or Software
• TopCoder.com allows you to get concepts, user-interface prototypes, debugging, project specifications, algorithms and more sourced via global competition to 250,000 coders.
Find JV Partners
• Jigsaw.com is a massive crowdsourced database of contact information. Find email addresses & phone numbers of those hard to reach JV partners.
Crowdsourced Banner Design
• Ad Creative can make or break your media buys
• Run a global competition and get hundreds of designs to choose from
• Buy as many, or as few designs as you want
Crowdsourced Banner Design
Crowdsourced Landing Page Design
• Many “design contest” marketplaces allow you to buy the rights to use multiple concepts
• Announce “multiple winners” to boost designer participation
• Fantastic way to get “out of the box” ideas from a global pool of designers, each with their own unique perspective
• Outsource the PSD to HTML conversion to someone like PSD2HTML.com
Crowdsourced Landing Page Design
Video For Conversion
E-Commerce Retailer A:• Control group without video embed: 1.04%• People who could watch video but did not: 1.47%• People who watched video: 4.06%• Overall Increase: +46.22%
E-Commerce Retailer B:• Control group without video embed: 3.27%• People who could watch video but did not: 4.06%• People who watched video: 4.82%• Overall Increase: +27.05%
Source: Treepodia.com
Crowdsourced Video
• The problem is that companies like Transvideo, Splainers, Say it Visually charge $20K+ for a single video
• That’s an expensive A/B Test!• GeniusRocket.com allows you to
crowdsource videos for as little as $3500 (save 70-90%)
5 Principles Of Successful Crowdsourcing
You Reap What You Sow
Tight Deadlines Work
Keep It Simple, Stupid (K.I.S.S.)
Don’t Be Scrooge. Offer more than the minimum.
Summary: 5 Principles of Crowdsourcing Success
• You Reap What You Sow• Be clear and take time in describing your call
• Deadline. • Author Rick Warren had 5001 cover designs in 72 hours
• Don’t be a Douchebag• Feedback is often a prime motivator.• Crappy work can become great work if you respond.• You became the “Coach” for the crowd.
• Keep It Simple Stupid• Don’t use multiple marketplaces for the same project.• Keep your project briefs & requirements super concise.
• Don’t be Scrooge. Feed the Greed.
Q&A
• Share your past crowdsourcing successes & failures• Your current outsourcing & crowdsourcing challenges• Other?
Poll: Q&A for Crowdsource Your Success