November 14, 2014 admin

How crowdsourcing can help you innovate!

Ambitious entrepreneurs can now use crowdsourcing to tap into smart people and great ideas outside of their companies, wherever they may be. Not only is it increasingly possible to grow your business through crowdsourcing, it is rapidly becoming an essential tool to become and remain competitive in a connected world.

The term crowdsourcing is defined as the process of outsourcing elements of your business by soliciting contributions from an external crowd of people, usually through an online community. Here are ten ways in which crowdsourcing can help ambitious entrepreneurs to innovate and grow their businesses: