crowdsourcing websites has made fundraising easier and more effective

Selling candy bars or applying for a bank loan is so 20th century. Now, there are more ways than ever to raise money thanks the to Internet. A huge market of do-it-yourself crowdsourcing websites has made fundraising easier and more effective.

The good news is that you don’t have to be a techie to access all of these great resources. Even the most adamant technophobe can get online and start raising money.

An important example of web-based crowdsourcing, is social bookmarking (also called collaborative tagging). In social bookmarking systems, users assign tags to resources shared with other users, which given rise to a type of information organisation that emerges from this crowdsourcing process. Other important examples are web-based idea competitions. Recent research has shown that consensus around stable distributions and a simple form of shared vocabularies does indeed emerge in such systems, even in the absence of a central controlled vocabulary