BountyIt is a service that promotes the exchange of feedback, ideas and services for a bounty. This can translate into a number of different use cases. For example, a company could solicit feedback for a new marketing campaign through the BountyIt community. Users respond to the request with their best ideas. The company then evaluates all of the ideas and offers a "bounty" or cash reward for the best ones. Another way to use BountyIt is as an organization that requires some service to be completed. These organizations could post the service request on the BountyIt board and provide the job's qualifications and estimate for how much they are willing to pay. They then could award the job to the best applicant and come to a payment term and schedule. Alternatively, BountyIt users could post services that they offer and their going rate to attract new clients. Finally, if an organization is looking to promote something, they could post a promotion on the BountyIt platform. For example, one could offer payment for everyone who "re-tweets" a product description on Twitter. All monies are transferred using PayPal. There are a lot of possibilities for this application and it's really up to the users to explore the application's potential.
BountyIt was founded in January 2011 by the virtual team consisting of Andrew Rosenau and Cliff Bernstein who are located in Philadelphia and Los Angeles. Andrew and Cliff developed BoutnyIt in order to provide a special and unique place where users can solicit feedback and services in an easy and unassuming way for everyone involved.
BountyIt isn't much unlike Craigslist, however the bounties are more closely monitored and organized. Additionally, the services offered and requested through BountyIt are often the kind that need to be completed online, so visiting a stranger's house isn't really apart of the protocol on BountyIt as it is on Craigslist. BountyIt also charges a fee once the bounty is paid for hosting all of the services and bounty promotions listed on its site.
BountyIt is very basic in its design. Bounties are sorted into four categories including: Feedback, Service Wanted, Service Offered and Promotion. From there users can browse the various bounties and participate in the one's that they see fit. Additionally, companies could post their bounty promotions to the site and generate a solid response. BountyIt also offers dispute resolution services to ensure fair and proper payment.
New users can register for a BountyIt account by clicking on the Register button located at the top right-hand corner of the site's homepage. The site requests the following user information in order to establish an account: username, email address, and account password. By signing up, users agree to the service's Terms and Conditions.
Users can register for a free BountyIt account. BountyIt takes 10% of withdrawals up to $1,000, 8% of $1,001 to $3,000, 6% of $3,001+. This does not include PayPal fees. This is on target with other online job sites. To receive payment, users will need to use PayPal. There is a minimum bounty amount of $5 and no maximum.
BountyIt is ideal for people who are looking for creative ways to market their skills, talents or simply their free time. It can become an effective part of a freelancer's marketing plan. BountyIt can also be a unique and underground way for companies to market their products, solicit feedback or get new ideas for themselves. The main concern that arrises is that users could spend a lot of time generating ideas, feedback and perhaps even services and if they are chosen as one of the "top" or "winning" bounties then they won't be paid. This could make a user feel like they are spinning their wheels on the site.