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IdeaOffer.com-practical or just plain fun?

Aug 24, 2009 | 0 Comments |
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By: Co-Editor, Bobby B:

ideaoffercom-logoIf you have a question that you want to pose on the web, there are several major sites where you can go. Yahoo!Answers and WikiAnswers are two examples. Google has discontinued GoogleAnswers but you can still search the old database.

A new website called IdeaOffer.com has added a money component in an effort to attract more useful answers or “ideas” to questions or “projects” posed on the website. IdeaOffer.com bills itself as an online idea community. It is a subsidiary of Wasabi Ventures LLC, a venture capital firm and holding company. It is one of the incubated properties of New Concept Factory.

IdeaOffer.com posits that there are many aspiring entrepreneurs and creative thinkers out there with great ideas that could be masterpieces and they simply have no way to express them, share them with the world, and capitalize on their idea’s potential. If anything, the web is full of people sharing and expressing the ideas. The real problem is getting useful feedback from a large and diverse group. That is where IdeaOffer.com offers some intrigue.

IdeaOffer.com allows you to post a “project” on its website and offer a prize to the best idea on your “project” or question. The example on the site (provided in a “How it works” video below) is “how can we bring peace to the world?” You then offer a prize and whoever you judge to have the best idea wins the prize. Others who offer their ideas share in a pool called the “motivation”, which is 10% of the prize. The site takes a 20% fee.

I think the site has potential but I think the company’s grandiose mission statement obscures the more practical uses of the site. Indeed, the questions on the “Project List” on the site are in large measure practical in nature-best crab recipe, best use of fresh tomatoes, how to design a cheap 2.0 website, options for an unfinished basement etc. I think these are the types of “projects” will be most effective in getting useful responses. Open-ended or high concept questions (such as the world peace example) might be fun, but is anyone really going to pay to have such questions answered?

The site currently is offering a $100.00 prize to the best idea for publicizing IdeaOffer.com. My idea would be to get them to focus on attracting practical projects that people will pay to gather feedback.

If I were to post a project, my first project might be-is ideaoffer.com a good idea?


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