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Crowdsourcing to Get Ideas, and Perhaps Save Money

May 12, 2016

Some of the best business ideas are inspired by others, or so the wisdom of the crowd goes. That is leading more entrepreneurs to tap into other people’s brains — rather than just their pocketbooks — to test new products, set pricing and bring ideas to market faster.

Lee Mayer discovered the benefits of crowdsourcing after she had moved to a new home in Denver from New York City and struggled for three months to find an interior decorator who would work within her budget. Then, she met a decorator who wasn’t booking enough business.

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