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I have been thinking about the review problem for a long time and while I think I have a practicable solution, I am not sure if there is any money to be made. I
by danieltillett 8y ago
I have been thinking about the review problem for a long time and while I think I have a practicable solution, I am not sure if there is any money to be made. If truthful reviews cost more than fake ones is there anyone out there to willing to pay the extra cost? Customers don't appear to want to pay anything nor sellers.
Anyone got any thoughts?
- SquishyPanda23 8y agoConsumers will pay for reviews they believe are truthful, like Consumer Reports. But it's far more lucrative for sellers to pay for fake reviews, e.g. celebrity endporsements, magazine articles, youtube videos etc. So much content out there is just lying about products for sale that I think a for-profit model for honest reviews will inevitably decide to open itself up to fake reviews or paid content. The pressure to do so is just to great and the rewards are hard to turn down.
- danieltillett 8y agoAre you sure consumers will actually pay? Assuming Consumer Reports is truthful, what percentage of consumers actually pay for it? My solution actually can't be opened to fake reviews, but it is expensive and I haven't been able to find a work around for that. Unfortunately quality costs.
- bradleyjg 8y agoLooks like about 1%[1]. If that's not a big enough business opportunity for you ¯\_(ツ)_/¯ [1]https://en.wikipedia.org/wiki/Consumer_Reports https://en.wikipedia.org/wiki/Consumer_Reports (see circulation in sidebar)
- danieltillett 8y agoWhat is not encouraging is the collapse in their subsciber base with an average age of 65.