BidOkee-Loyalty

Innovate or die: Crowdfunding’s existential problem

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Crowdfunding needs to be a story of a majority of successes, not failures.

Crowdfunding is facing serious challenges in keeping up with the extraordinary expansion the sector is seeing year over year.

It is, of course, a pretty good problem to have. When your biggest worry is ensuring your technology and systems are keeping up with the massive growth in your sector, it’s a difficulty most people would love to face.

Not so much for consumers, though.

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Social-Currency

Crowdfunding growth creates challenges

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Crowdfunding growth creates challenges

Crowdfunding is experiencing stunning growth – 167% growth in 2014 alone. But with that kind of growth can come growing pains.

For crowdfunding, though, the pains are especially acute, because the industry is expanding at a rate almost unheard of in history.

This means that crowdfunding sites – the platforms upon which the vast majority of crowdfunding campaigns take place – understandably have trouble keeping up with the quickly shifting landscape. The challenge is how to keep up with the proliferation of new technologies and services that consumers demand – particularly those that deliver greater freedom and control for the user.

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Sharing is good in gamified crowdfunding

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Gamification is the application of game mechanics and game design techniques to engage and motivate people to achieve goals.

BidOkee provides all of the same benefits of other crowdfunding sites with the addition of loyalty rewards that can be used in a gamified process for the acquisition of real-world goods.

A highly sophisticated and robust auction and ecommerce platform and contest generator is built in to the BidOkee gamified crowdfunding model, allowing campaigns to integrate cool rewards into their site. Through the etail, gamification and loyalty rewards components, BidOkee is able to structure a revenue-sharing model with campaigns. Through advertising, sponsorships, product sales, affiliate offers and the sale of virtual gamified components, BidOkee aims by year five to be providing in excess of $100 million dollars in shared revenue with start-up companies. It is sort of like a cooperative model.

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Social-Currency

BidOkee is big on social currency with DIY crowdfunding

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BidOkee is revolutionizing crowdfunding.

We are building a do-it-yourself crowdfunding platform to let anyone create their own, stand-alone, customized crowdfunding site.

And we’re building in gamification, e-commerce and multiple revenue streams beyond direct pledges to share with each campaign. Our goal is to be sharing $100 million annually with our campaigners. It is sort of like a cooperative model.

One of the ways we are fomenting revolution is through the building of network value and social currency.

In traditional crowdfunding, backers are only as good as their wallets. BidOkee wants to open crowdfunding up to everyone. To do this, we have created a “give or get” DIY crowdfunding model. Backers can pledge their own money or get friends to do so.

If backers have thousands of followers on Facebook, LinkedIn, G+, Twitter or YouTube, they are influencers and provide a network value – and should be rewarded for it.

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Social-Currency

BidOkee’s Gamified DIY Crowdfunding – The Rise of the Cooperative Model

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The future of crowdfunding will be powered
by a cooperative DIY SaaS system model that resolves numerous pain points in the crowdfunding industry.

BidOkee provides the freedom to develop stand-alone, branded, customizable DIY crowdfunding sites that integrate seamlessly with ecommerce and etail platforms, and incorporate loyalty programs, gamified features and a revenue sharing model.

Vancouver-based Quilageo Inc. has launched a prototype version of the world’s first gamified crowdfunding platform called BidOkee.

Scott Steinberg, author of The Crowdfunding Bible, featured BidOkee on NewsWatch TV. As Scott declares, “this could change crowdfunding as we know it.”

“There is massive proliferation of crowdfunding sites,” says Eyal Lichtmann, CEO of Quilageo. “There are over 450 crowdfunding platforms worldwide and hundreds of thousands of campaigns launched annually.”

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BidOkee’s Vision of Migration to DIY Crowdfunding

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Birds fly south for the winter. So do people in some cases. But crowdfunding, as we now know it, tends not to encourage migration.

Here’s what we mean: Successful crowdfunding campaigns build networks, usually by engaging the family and friends of initiators, followed by concentric circles outward as word spreads.

When the campaign succeeds, the community that has been built around it tends to disappear.

BidOkee is building a do-it-yourself crowdfunding platform that will allow anyone to create their own crowdfunding site, with features and components that exceed anything existing crowdfunding sites offer, including e-commerce and gamified capabilities and other revenue-generation steams. (more…)

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