Kachingle: The Platform for Voluntary Payments in the world of “FREE”

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www.kachingle.com | [email protected] The Platform for Voluntary Payments in the world of “FREE” 1000100101001 1001001000100 1011111000110 0101000101001 0100010000100 000… 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

description

Web Montag presentation on 11/23/09 by Yves Huin, Director, Kachingle Europe. For the archived audiovisual please go to https://admin.emea.acrobat.com/_a789908106/p11472309/

Transcript of Kachingle: The Platform for Voluntary Payments in the world of “FREE”

Page 1: 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”

10001001010011001001000100101111100011001010001010010100010000100000…

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

Page 2: Kachingle: The Platform for Voluntary Payments in the world of “FREE”

www.kachingle.com

For news/content sites, advertising-based business models are not enough to pay the bills.

The Problem to Solve

Page 3: Kachingle: The Platform for Voluntary Payments in the world of “FREE”

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Beside advertising…what are the choices?

Micropayments

Tipping

Subscriptions

Kachingling

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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

Page 5: Kachingle: The Platform for Voluntary Payments in the world of “FREE”

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NOT for content only

BUT to build an online persona, achieve recognition, gain status ….

What will Consumers Pay For?

…. or to support a cause

Page 6: Kachingle: The Platform for Voluntary Payments in the world of “FREE”

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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!

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Site Owners just add a Kachingle medallion to their site

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The Kachingle Medallion

… when one decides to kachingle a site

Before After

Page 9: Kachingle: The Platform for Voluntary Payments in the world of “FREE”

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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

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Joining a Community

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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

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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)

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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

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…in (early) beta testing mode…available worldwide

http://beta.kachingle.com

Vielen Dank!Yves Huin, Director Kachingle Europe

[email protected]

Kachingle Status