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Choosing the right incentives to activate the Country Email List crowd. If everyone is allowed to participate, many contributions can be of low quality.Selecting the best ideas can be time consuming. Crowdsourcing example: Threadless – unique designs and insight into customer needs For Threadless, crowdsourcing is the foundation of the company. The company invites Country Email List designers around the world to design and submit T-shirts to the platform. Customers can vote for the designs they like best. The T-shirts with the most votes are produced and marketed. Designers receive compensation when their design is put into production. Also read: 4 common online business models Country Email List & their key metrics 3. Custom Design The complete focus on tailor-made products and services. The design, production and sales are tailor-made Country Email List and according to the wishes of the customer. Advantages: Align the offer better with individual customer wishes. Possibility to appeal to a group with purchasing power who are willing to Country Email List pay more for customization. Savings on inventory costs. There is no stock of finished products and the Country Email List stock of raw materials is often low. Challenges: Production is often labour-intensive and considerably more expensive. Lower delivery capacity than mass production. Chance of long delivery times. Example Country Email List custom design: Rolls Royce – Handmade artwork, tailored to customer wishes custom design At Rolls Royce, the prestigious British car brand, the customer is king. Those who find a 'normal' Rolls Royce Country Email List too ordinary can enjoy themselves in the Bespoke department. In this department, cars are completely decorated to the wishes of the customer, where no wish is too crazy. About 95% of the cars sold go Country Email List through the Bespoke department, which gives Rolls Royce a nice extra income stream. 4. Decoy-pricing The phenomenon whereby in the choice between two alternatives there is a greater consumer Country Email List preference for one of these two options, as a result of the addition of a third decoy option.

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