Crowdsourcing Business Models

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Description

"According to Belsky and Kalmikoff, the crowdsourcing definition needs to evolve, especially beyond the common misconception that crowdsourcing means access only to free labor. They mention three business models:

1) Crowdsource wisdom (or knowledge/expertise/skill), as with Wikipedia. 2) Crowdsource labor, as with Amazon’s Mechanical Turk, or traditional spec contests. 3) Crowdsource both wisdom and labor, as with Digg or Threadless. Keep the community active in the business." (http://weblogsky.com/2010/03/23/community-vs-crowdsourcing/)