Kachingle Presentation at BarCamp Vienna Austria June 2010
1. The Social Payment Platform for Online Content & Services in the World of “FREE” BarCamp, Vienna June 29, 2010 9/22/09 9:43pm PST Cynthia Typaldos, Founder
2. For most news/content sites, advertising-based business models are not enough to pay the bills. Problem to Solve
3. Paywalls and moving content to iPhone, Kindle or iPad are just plugging holes in the dike…
4. Newspapers Magazines Books Music Photos, Images, Art Video, TV, Movies We now live in the world of “FREE”! Anything that can be digitized will be “napsterized” FREE! $, €, ¥ Before Now
5. More choices sound great BUT… “ Why more is less” — Barry Schwartz http://www.shirky.com/writings/fame_vs_fortune.html
6. Micropayments sound great BUT… “… the act of buying anything, even if the price is very small, creates what Nick Szabo calls mental transaction costs , the energy required to decide whether something is worth buying or not, regardless of price” — Clay Shirky http://www.shirky.com/writings/fame_vs_fortune.html
7. Users want to make their own decisions BUT… Experiment with musician in subway station — Robert Cialdini http://www.shirky.com/writings/fame_vs_fortune.html
8. Users may not trust a new service, a 3 rd party in between BUT… “ ...if they knew for sure there money was absolutely, positively going where they want it to, that would make a difference” — Cynthia http://www.shirky.com/writings/fame_vs_fortune.html
9. Users don’t want work BUT… They want to have fun! — Bunny the K9 Kachingler
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11. To build an online persona, achieve recognition, gain status … Why would People Pay for FREE content ? … . and to support a “voice”
22. Carta: Now at 201.48 March 17 th , 2010 : Kachingle makes first “social cents” payments “ My blog earned $65.08 via crowdfunding!” – Steve Outing Now at $136.03