We’ve been talking about crowdsourcing for a while now, but if you still have some questions then perhaps the infographic below will help you (click on it to make it bigger). It’s got a lot of info so let me draw your attention to the very bottom; The Cons of crowdsourcing. Some things that many people don’t remember about crowdsourcing are:
- There is little guarantee that the end product will be quality.
- Often crowdsourced projects result in little or no pay for participants which can lead to difficultuies in company sustainabilty and consumer loyalty.
- Crowdsourcing drives down the market value of once high priced professional products and services, allowing for amateurs to compete in the market.
There’s more to read than that but it’s important to understand exactly what you’re getting into when participating or initiating crowdsourcing.