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Price It                 For consumers


Have access to up-to-date
  prices of products and
  services to be smarter
        consumers

Micro-workers supply the
latest price information by
  products and locations

     SMS + Voice + App + Web
Problem

    How to have access / find the most up-to-date
    prices for products and services in developing
    countries?
    
        Food
    
        Gas
    
        Car repair
    
        Hair dresser
    
        etc
We concentrate on consumers
     rather than sellers.
Problem

    No place to go to find price information in
    developing countries
    
        People want to be smarter and educated shoppers
        
            Why should a consumer buy things / pay for services at a
            higher price than they are?
    
        Prices are not stable and the person in the middle is
        taking advantage
    
        Difficult to conduct extensive research on prices
        
            Who can do the research? How long will it take? How
            much will it cost?
    
        Discussion forums on deals and coupons are rare
Solution: Price It

• Micro-workers submit the latest price
  information based on products and locations
• Price It is a price query system that allows
  shoppers or companies to find up-to-date and
  real-time prices of products and services
• Prices are accessible through the web, mobile
  apps (different platforms), SMS and Voice to
  reach a wide audience
Advantages
• Users can find reliable price information quickly
  • Shoppers can find best prices and avoid getting
    overcharged
  • Companies can conduct basic price research on
    the ground easily without setting up an
    infrastructure
• Micro-workers can participate easily via SMS,
  an app or the mobile web
How It Works
                Example: Price of Fish
   Location, type                                                           Subscription
                                                    Date: 3/3/2012
    of products /                                                            or one-time
      services                                                                  query
                                                Query: pharmais the
                                                 Query: What dakar
                                                 price of tuna in Dakar?


Micro-workers                                                           Users /
                                       Server                         Companies


             Pharma X in Dakar is                Answer: X is open from
             open from 8 am Price of
               Submission - to 11                8 Answer: The average
                                                   am to 11 pm on
             pm on -Sunday
               fish Tuna                           price of tuna is $5 in
                                                 Sunday 3/3/2012
             3/3/2012                              Dakar on 3/3/2012
                                                                             Lowest
                                                  Web, mobile                Average
                    SMS, app,                     app, SMS or
                    mobile web                                               Highest
                                                     Voice                    Price
How It Works: Users
• Users submit price queries of products or services
  via web, mobile apps, SMS or using voice
  • Prices are organized by categories and locations at
    different levels of granularity (neighborhood, city,
    country)
  • On the web and in the mobile app prices are mapped
    to increase visibility and graphs are accessible for
    specific periods of time
• Users can send one-time queries or subscribe to
  receive regular prices by SMS / Voice
                                    Checking the reliability of
   Stable and      Empowered        data by calling users and
  lower prices     consumers        sending surveys through
                                       apps and the web
How It Works: Micro-workers
• Micro-workers opt in to become reporters
  • They select categories of products / services and
    locations they want to cover
  • Selections are validated or some are proposed
• Micro-workers send daily prices and receive
  payments based on the number of submissions
• Some micro-workers receive regular requests
  for price submissions to cross-check the
  reliability of the submitted prices
    Small payments           Checking the reliability of
     to improve life        data with cross-submissions
Revenue Model
•   Micro-workers get a small amount of money submissions
    •   If they submit data 30 times they get a small token of appreciation (e.g., voucher)
    •   If they submit data 50 times they get another token of appreciation (e.g., voucher)
    •   If they submit data 100 times they are featured reporters and get an additional
        stipend
•   Premium SMS / Voice for users (one-time queries and subscriptions)
•   Sponsored advertising in SMS / Voice
    •   For each SMS received on the network, the operators generally allow 2 SMS to be
        sent back. The second SMS contains advertising from local businesses.
•   Sponsored campaigns
    •   E.g., save energy, how to pay less for your phone bill
•   Web site with advertising and premium service to access to more specific data
•   App with advertising or in-app purchase to access to more specific data
•   Selling the data and base of users to consumer associations, market research
    firms, government agencies etc (with respect of privacy)
Existing Solution to Future Solution

    Growth using Micro-Workers



 We want to scale our prototype that crowdsources
 the price of fish in Senegal by using micro-workers

         More products and more locations
What we did already?
• The presented idea extends on an app we
  developed
• We developed an app called Yaboy that
  crowdsources the price of fish in Senegal
• We collect the price of different fishes in
  different cities in Senegal
• Micro-work has the potential to make this idea
  successful

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Price It

  • 1. Price It For consumers Have access to up-to-date prices of products and services to be smarter consumers Micro-workers supply the latest price information by products and locations SMS + Voice + App + Web
  • 2. Problem  How to have access / find the most up-to-date prices for products and services in developing countries?  Food  Gas  Car repair  Hair dresser  etc We concentrate on consumers rather than sellers.
  • 3. Problem  No place to go to find price information in developing countries  People want to be smarter and educated shoppers  Why should a consumer buy things / pay for services at a higher price than they are?  Prices are not stable and the person in the middle is taking advantage  Difficult to conduct extensive research on prices  Who can do the research? How long will it take? How much will it cost?  Discussion forums on deals and coupons are rare
  • 4. Solution: Price It • Micro-workers submit the latest price information based on products and locations • Price It is a price query system that allows shoppers or companies to find up-to-date and real-time prices of products and services • Prices are accessible through the web, mobile apps (different platforms), SMS and Voice to reach a wide audience
  • 5. Advantages • Users can find reliable price information quickly • Shoppers can find best prices and avoid getting overcharged • Companies can conduct basic price research on the ground easily without setting up an infrastructure • Micro-workers can participate easily via SMS, an app or the mobile web
  • 6. How It Works Example: Price of Fish Location, type Subscription Date: 3/3/2012 of products / or one-time services query Query: pharmais the Query: What dakar price of tuna in Dakar? Micro-workers Users / Server Companies Pharma X in Dakar is Answer: X is open from open from 8 am Price of Submission - to 11 8 Answer: The average am to 11 pm on pm on -Sunday fish Tuna price of tuna is $5 in Sunday 3/3/2012 3/3/2012 Dakar on 3/3/2012 Lowest Web, mobile Average SMS, app, app, SMS or mobile web Highest Voice Price
  • 7. How It Works: Users • Users submit price queries of products or services via web, mobile apps, SMS or using voice • Prices are organized by categories and locations at different levels of granularity (neighborhood, city, country) • On the web and in the mobile app prices are mapped to increase visibility and graphs are accessible for specific periods of time • Users can send one-time queries or subscribe to receive regular prices by SMS / Voice Checking the reliability of Stable and Empowered data by calling users and lower prices consumers sending surveys through apps and the web
  • 8. How It Works: Micro-workers • Micro-workers opt in to become reporters • They select categories of products / services and locations they want to cover • Selections are validated or some are proposed • Micro-workers send daily prices and receive payments based on the number of submissions • Some micro-workers receive regular requests for price submissions to cross-check the reliability of the submitted prices Small payments Checking the reliability of to improve life data with cross-submissions
  • 9. Revenue Model • Micro-workers get a small amount of money submissions • If they submit data 30 times they get a small token of appreciation (e.g., voucher) • If they submit data 50 times they get another token of appreciation (e.g., voucher) • If they submit data 100 times they are featured reporters and get an additional stipend • Premium SMS / Voice for users (one-time queries and subscriptions) • Sponsored advertising in SMS / Voice • For each SMS received on the network, the operators generally allow 2 SMS to be sent back. The second SMS contains advertising from local businesses. • Sponsored campaigns • E.g., save energy, how to pay less for your phone bill • Web site with advertising and premium service to access to more specific data • App with advertising or in-app purchase to access to more specific data • Selling the data and base of users to consumer associations, market research firms, government agencies etc (with respect of privacy)
  • 10. Existing Solution to Future Solution Growth using Micro-Workers We want to scale our prototype that crowdsources the price of fish in Senegal by using micro-workers More products and more locations
  • 11. What we did already? • The presented idea extends on an app we developed • We developed an app called Yaboy that crowdsources the price of fish in Senegal • We collect the price of different fishes in different cities in Senegal • Micro-work has the potential to make this idea successful