Kachingle Presentation at EPCA Payment Conference March 2010
Kachingle: The Platform for Voluntary Payments in the world of “FREE”
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Transcript of Kachingle: The Platform for Voluntary Payments in the world of “FREE”
www.kachingle.com | [email protected]
The Platform for Voluntary
Payments in the world of “FREE”
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9/22/09 9:43pm PST
Presentation to WebMontag November 23, 2009
For the audiovisual recording: https://admin.emea.acrobat.com/_a789908106/p11472309/
Yves Huin – Director, Kachingle Europe
www.kachingle.com
For news/content sites, advertising-based business models are not enough to pay the bills.
The Problem to Solve
www.kachingle.com
Beside advertising…what are the choices?
Micropayments
Tipping
Subscriptions
Kachingling
www.kachingle.com
Micropayments sound good 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
www.kachingle.com
NOT for content only
BUT to build an online persona, achieve recognition, gain status ….
What will Consumers Pay For?
…. or to support a cause
www.kachingle.com
What are the likely Qualities for the success of Business
Modelsrelying on Voluntary
Payments?
user-centricno “mental transaction costs”tap into existing social networksfinancial transparencyfun, entertaining, like a game
These are Kachingle’s Guiding Principles!
www.kachingle.com
Site Owners just add a Kachingle medallion to their site
www.kachingle.com
The Kachingle Medallion
… when one decides to kachingle a site
Before After
www.kachingle.com
Via the medallion, sign up for a Kachingle account and commit to a $5/month withdrawal from a Paypal account Whenever you encounter a Kachingle-enabled site, that you like and visit often, mouse over the Kachingle medallion and just click “Kachingle this website”, onceAt the end of each month, your contribution is shared among all sites that you “kachingled” during the period based on number of day-visits to each kachingled site
The Consumer Side of Kachingling
www.kachingle.com
Joining a Community
www.kachingle.com
Push status updates through microblogging sites (e.g. Twitter and Facebook status integration)
Planned social media applications:Facebook app for comparing your contributions to friends and expressing your valuesiPhone app:
Live access to statisticsCompare your behavior to others
Social Media Integration
www.kachingle.com
Cash paymentsEvaluation of readers’ interest for the content (several medallions can be used on one web site)Benchmark against competitorsFree viral promotion thru social network effectsHigher per click value for ad real estate
Marketing Benefits (for the Content Provider)
www.kachingle.com
indi
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/ use
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ue
syst
em i
s ap
pli
ed?
Ease of use (reduction in “mental transaction costs”)
difficult effortless
Micropayments Decide each time At price set by producer No financial limits Encourages copycat sites (e.g. music
biz) Creates barriers for viral & social
behaviors
Kachingle, business model of choice for the “FREE”
Decide each time At a price explicitly set by user No financial limits Co-exists with advertising Enables viral & social behaviors
Tipping
Subscriptions Decide once (for each subscription) At price set by producer No financial limits Encourages copycat sites (e.g. music
biz) Creates barriers for viral & social
behaviors
Kachingling (crowdfunding) Decide once (for everything) At a price implicitly set by user
(equitably distributed) Financial limits (bounded total $) Co-exists with advertising Enables viral & social behaviors Social recognition & association
www.kachingle.com
…in (early) beta testing mode…available worldwide
http://beta.kachingle.com
Vielen Dank!Yves Huin, Director Kachingle Europe
Kachingle Status