This is a must watch video for EVERYONE in business. It is a short 5 min video talking about Crowdsourcing vs. outsourcing.
I have been outsourcing in my business for the last few years. I have a number of assistants that work virtually from their homes. After having to manage employees, I thought this was such a great system.
Well today, I have just learned just how to take your entrepreneurial vision to a whole new level by leveraging people on the internet.
This video is from Scott Klososky at the Tony Robbin’s Business Mastery Retreat. Crowdsourcing is the concept of using the internet “herd” to do the work on your behalf. Benefits: Cutting costs, more time and room for creativity and top quality.
I have seen it on a small scale, at 99designs.com. Scott mentions something similar on http://www.Logotournament.com . And I guess I have used companies like oDesk and Elance that are both companies that work is “bid” on.
However, listen as he describes other ways to build content, get books written, create videos and even crowdsourcing your PR. Tony Robbins actually used crowdspring.com to get his website designed. The difference is that you have freelancers not just “bidding” on the contracts, but giving you proposals of their idea concepts.
Love how this supports the entrepreneurial spirit. Enjoy!
PS. As much as you use it to get the work done in your business… you can also make money bidding on contracts as well.

