33. Quirky.com
Example case: “Quirky raised the bar for co-creation
platforms by paying out influencers. Every week 2 new
products are being launched.”
+500 people co-designed 1 new iPad stand*
27/04/10
*quirky.com/products/30-Cloak-iPad-Case
35. The Business Model behind Quirky.com
a co-creation platform + e-shop
Inventors pay $99 to submit their idea to this co-creation platform. After
selection a community of designers will co-design and improve this product.
5
Product idea $99
Exposure
HQ
Inc
Product idea
Quirky.com
initiator
Co-design product
Product
Designer
Inc
Design company
27/04/10
by BoardofInnovation.com
Community pitch your business model visually via this free template
36. The Business Model behind Quirky.com
a co-creation platform + e-shop
Suppliers will set a minimum amount on the pre-sales. If enough people buy
this product, it will be go into production.
5
Product idea $99
Supplier
production only starts
when enough pre-sales
Exposure
HQ
Inc
Product idea
Quirky.com
initiator
Co-design product
5
Money New product
Product
Designer
Inc
Product Buyer
Design company
27/04/10
by BoardofInnovation.com
Community pitch your business model visually via this free template
37. The Business Model behind Quirky.com
a co-creation platform + e-shop
Revenues from the e-shop are shared with the community. 30% of profit goes
to the initiator. 30% will be proportionally divided amongst the influencers.
5
Product idea $99
Supplier
production only starts
when enough pre-sales
Exposure
5
HQ
Inc
30% of profit
Product idea
Quirky.com
initiator
Co-design product
5
Money New product
5
Product
Designer
part of 30% profit
based on contribution
Inc
Product Buyer
5
Design company
part of 30% profit
based on contribution 27/04/10
by BoardofInnovation.com
Community pitch your business model visually via this free template
46. 3 take-aways
download templates at www.boardofinnovation.com
47. 3 take-aways
1. Learn from other industries!
download templates at www.boardofinnovation.com
48. 3 take-aways
1. Learn from other industries!
2. Design your business model
download templates at www.boardofinnovation.com
49. 3 take-aways
1. Learn from other industries!
2. Design your business model
3. Explore alternative routes
download templates at www.boardofinnovation.com