I.M. Experiements »

Greetings Blog Family, 

The last couple of weeks I have wanted to launch my next experiment. Now that the first IME #1: Creating an eBook with Help is winding down, IME #2 can come to the forefront.

IME #2: The Power of Crowds

Like many of you. I am infatuated with the power, opportunity, and possibility of the Internet. It is exciting. Everyday I learn something new and grow in my understanding and experiences in the world of Internet Marketing and blogging.

Social networking has become a phenomenon in the online and offline world. The Blogosphere utilizes the concepts of the social networking daily. Then I came across this book. 

“We Are Smarter Than Me” by Don Tapscott explores the power of crowd sourcing. Crowd sourcing is essentially outsourcing to the Internet multitude. Basically, this boils down to creating a community and having them participate in the creation or establishment of your venture.

In the book, Tapscott illustrates how involving the outside world, businesses are able to make giant advancements. Examples come from R&D experiments, customer sells, to banking. Some of the companies discussed in the book were Netflix and Amazon.  The crux of the matter is harnessing the crowd or community’s collective intelligence to move forward.

The Experiment: is Crowd Sourcing Effective at the Development & Monetization of a Blog?

My plan for this experiment involves utilizing my Blog Family for ideas on the design, marketing, and monetization of a blog. I will be opening a niche site to you, Blog Family, in the hopes the crowd plays a part in the success of the site. The request is for specific ideas, tactics, and opportunities to maximize this niche. This experiment will be an open book. I will report on the findings and share the tactics. We all will learn and grow during this process. You are encouraged to take the ideas generated for your blogs. Get it, Take it, & Make it work!

The site: INVEST WITH PASSION! - Real Estate Investing Resource

I have owned this site since late 2005. The blog was added early 2008. yes, it took me that long to realize I needed a blog. Worst is this business began as a physical magazine. Production stopped in June 2008. It has been on and poppin in the blog world since then.

My Challenge is to craft questions for you in a forum to express yourself. I am going to take the weekend to think about it and re-read the book. It has been a while since I read it last and I want to brush up on the details of this book and get this right. It is going to be a great experience for all of us, I think. And I am very excited about kicking it off.

A Question:

After you check the site out a bit, will you consider joining experiment?

It will not require any registration. Just your reading this FreddieTaylor.com, examining InvestWithPassion.com, and placing your ideas and suggestions in the comments below or you can reach me directly through the contact page. I will temporarily summarize the suggestions and ideas that arise during the experiment in future post.

So, who is in and would assist in this undertaking??? Let me know your level of interest in the comments below.