Loffles, a Providence, RI-based Web startup, is looking to put a spin on classic entries to raffles, and simultaneously give online advertisers a shot at targeting the consumers they’re actually interested in.
Consumers buy into a contest on Loffles not with cash, but with about 45 seconds of their time. Raffle entrants select a prize (worth somewhere between $50 to thousands of dollars) they’d like a shot at winning, answer a few demographic questions, and watch a short commercial. Advertisers, meanwhile, decide which consumers they want to target based on the answers to their questions, and pay Loffles for those views.
“It’s a validated targeted deal,” says founder Brandon Yoshimura, a Brown University undergraduate student. “That seems to be the sticking... Read more »
Xconomist Forum - Insight & Opinion
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Every entrepreneur or executive would like to “do well by doing good.” That is the dream of being socially responsible and financially successful at the same time.
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