Communication · Entrepreneurship

How to give away 2 Eur/USD to 1 million people each fast?

Auste Kiskiene Cofounder @ Consent Token (www.consentok.com), Tech Entrepreneur, Management and Business Professor

Last updated on October 30th, 2018

We are looking for feasible ideas on how to give 2 Eur/USD per person to 1 million people fast. 💰💰💰

That is – 1 million people have to receive 2 Eur/USD each, but we have to KYC the recipients (verify name, email and a phone number).

We are looking for feasible scenarios, which can be tested on a small scale (100-1000 people) and at the lowest possible cost (on top of 2Eur/USD per person we are giving away).

The biggest question is how to reach 1 million people who would be receptive.

Any ideas? 😃

We’ll test them and will happily share the data.

Justin Armendariz Founder, CEO, Serial Entrepreneur LOOKING FOR ABOVE AVERAGE TECHNICAL CO-FOUNDER TO JOIN OUR TEAM

November 1st, 2018

Auste, I think the easiest way to reach the 1M receptive people would be to partner with an influencer to post the idea for you. Identify a platform that will reach your potential customers, then partner with one or more influencers on that or multiple platforms to deliver your message. I know several Instagram, twitter and youtube influencers if you need an introduction or three. -Justin

Justin Armendariz Founder, CEO, Serial Entrepreneur LOOKING FOR ABOVE AVERAGE TECHNICAL CO-FOUNDER TO JOIN OUR TEAM

Last updated on October 30th, 2018

Can you define fast, like 10 seconds or 10 hours? The simplest way I can think of right off hand would be through google pay, it is as simple as sending an email. I also believe you can set the data collection parameters for the recipient.

Hope this helps, great luck!


Justin

PS, how do I get my dollars?

Luke Gedeon Founder of codegrade.io, serial entrepreneur

October 30th, 2018

Could you put a hold on (or even charge) their credit card for $1 and while doing that verify the address and maybe even the phone number? You could also send a text message with a verification code. Then when that is complete "reimburse" them for $2 or $3 depending on whether you charged them in the first place. An added benefit of this route is that you are getting a list of people that are comfortable using a CC online.

Yevgeny Balter

Last updated on November 1st, 2018

Partner with some big online service - uber, instacart, whatever. They will ask user - do you want to share your credentials with AAA platform and get 2$? if yes you will get KYC and user will get 2$ on service account

Auste Kiskiene Cofounder @ Consent Token (www.consentok.com), Tech Entrepreneur, Management and Business Professor

November 4th, 2018

Thank you once again! I have never tried influencers before. I will look at potential platforms/influencers. Do you know a ballpark figure of costs going through them? Thanks!

Paul Garcia marketing exec & business advisor

November 4th, 2018

No, there's no standard cost for using influencers, though there is a marketplace for them. You also have to be cautious when doing it, transparent, and not pushy, because trying to lean on an influencer in the wrong way or with certain audiences, can backfire and cause harm to your business. Read articles about influencer marketing and its pitfalls and lessons online at AdAge.

Auste Kiskiene Cofounder @ Consent Token (www.consentok.com), Tech Entrepreneur, Management and Business Professor

October 31st, 2018

Thank you for your answers and ideas! The biggest question is how to reach 1 million people who would be receptive.

Sean Heath

November 6th, 2018

Yes, you can use the email platform earn.com Users will complete your task in exchange for a monetary reward

Justin Armendariz Founder, CEO, Serial Entrepreneur LOOKING FOR ABOVE AVERAGE TECHNICAL CO-FOUNDER TO JOIN OUR TEAM

November 9th, 2018

Auste, I am not sure what they would charge for something like that. I typically work out the benefit for both parties up front while keeping an open mind and staying creative! Happy Weekend, -CJA