The Challenge
1373 followers
How might we restore vibrancy in cities and regions facing economic decline?
Winning concept
Create a BARTER MARKET! (updated)
Using abandoned space, host a regular weekend Barter Market. No currency is allowed, only creativity. Trade your unused stuff with neighbors, trade acts of service (e.g. paint a fence, guitar lessons), trade stories, trade your own artwork, etc.Using abandoned space, host a regular weekend Barter Market. No currency is allowed, only creativity. Trade your unused stuff with neighbors. Or trade acts of service (e.g. paint a fence, let someone use your printer, guitar lessons), trade stories, trade your own artwork, trade hugs. Repurpose an old building or unused space while fostering a sense of community and fun.
Build an online platform to compliment the project. Think some mix between Zaarly, Ebay, Craigslist, Couchsurfing, and Freecycle.org. Users would not be able to use currency; only through trade could they obtain things. Also, users would only be able to barter for things based in their city. The website should continue to foster a local community-building attitude and real world interactions.
PLEASE SEE IMAGES FOR EXAMPLE OF BARTER MARKET SITE
Site/App Features:
- Site recognizes IP location and directs you towards info relevant to that city.
- Listings of goods/services up for trade, viewable by category and location
- Listings of goods/services wanted, viewable by category and location
- Neighborhood maps that show locations of all listings
- Every user has a profile that includes their up for trade and wanted listings, their neighborhood, thumbs up/thumbs down rating from other users, testimonials.
- Instead of bids, users make trade offers on listings; user has discretion to select desired trade.
- Trades are encouraged to take place at in-person barter markets which are also posted.
- Barter markets are browsable by date, location, and users can view and join RSVP list.
- Users can post new barter markets and invite other users to join.
- Site highlights stories of trades in the form of videos and blog entries. These examples help encourage users to get creative and think about what they have to offer to others. Users can also post their own stories.
- Neighbors--other users in your city--are also listed.
How can your idea be scaled so that it's implemented in cities around the world?
Through the online Barter Market platform, people will have the resources and examples to trade goods and services with their neighbors and to also develop their own local barter markets. As the site gains more traction, it will be adopted in more communities, host more listings, and generate even greater use. The spirit of community exchange will hopefully go viral. But because the site promotes local interactions, its global reach will still ultimately help sustain individual communities.
My Virtual Team
Many thanks to all those who commented. I was able to refine this idea with input from Ashley Jablow - http://www.openideo.com/profiles/ashleysbp/
T. Annie Nguyen - http://www.openideo.com/profiles/tudannguyen/
Jessica Rudder - http://www.openideo.com/profiles/jessicarudder/
Peter Marshall - http://www.openideo.com/profiles/peterpeter/
Duc-Minh Nguyen - http://www.openideo.com/profiles/600633/
Zeyen Wu - http://www.openideo.com/profiles/601501/
Alex Browne - http://www.openideo.com/profiles/abrowne/
Sean Jalleh - http://www.openideo.com/profiles/534694453/
Alana Aviel - http://www.openideo.com/profiles/avielart/
Callie Neylan - http://www.openideo.com/profiles/neylano/
André Lavergne - http://www.openideo.com/profiles/andrelavergne/
Meena Kadri - http://www.openideo.com/profiles/meanestindian/
What resources (money, time, people, technology, etc) will your concept need to be successful?
The biggest factor in this project is the willingness of the people. Residents have to be on board with the project and commit to the idea. It would be wise to win support from respected people within the community, people that everyone trusts, who would then lead by example. Additionally getting young people involved can help draw in families and encourage greater participation. Young people should be involved from the beginning and be asked to contribute just as much and perhaps more than anybody else.
It would also probably be possible to take over an abandoned space under the radar for a while until the project builds steam, but it eventually it will have to win support from the landlord or city. Ideally though, enough people participate and this demonstrates the effectiveness of the barter market, so much so that all stakeholders embrace it.
For the online component, like any other social media venture, the value is generated by the users themselves. For it to succeed, many people within a city would have to participate. In order to encourage this kind of participation, sharing the success stories of using the Barter Market becomes paramount. Spreading these stories online will help the site grow.
What steps could you take to implement this idea today?
Get a core group of people together, pick a spot for the market, and host the event some Saturday/Sunday afternoon. This group would also encourage neighbors, friends, family, co-workers and classmates to participate. They could also advertise with signs and over the internet using social media. See who comes and gradually build on that from week to week.
The core group should also develop a set of guidelines that would structure the market. This could of course be amended over time. A sample set of guidelines might say:
- No currency should ever trade hands.
- Each party of a trade must introduce themselves by name before the trade can occur.
- Always bring at least one friend or family member to the barter market.
- Always bring something to trade whether tangible or intangible.
- Every trade agreement and transaction must be witnessed by a third party.
- Music should always be playing at the barter market.
For the online component of the project, find a web developer and a designer, possibly through college programs where students are looking for projects to sink their teeth into. Secure a URL and launch the site locally first. Advertise the site at the actual barter market and use the site to help make the in-person bartering more efficient by making goods/services offered known in advance and by also adding a layer of accountability to the people involved in the trades.
Evaluation Results 35 people have evaluated this
1
How well does this concept restore vibrancy to cities and regions facing economic decline?
| This concept will definitely restore vibrancy to struggling cities | |
| This concept has potential to restore vibrancy to struggling cities | |
| This concept will not restore vibrancy to struggling cities |
2
How scalable is this concept across struggling cities and regions worldwide?
| This concept could be scaled for impact across multiple locations | |
| This concept will take a fair bit of work to build and scale | |
| This concept is not particularly scalable |
3
Does this concept require a lot of resources (time, money, people, etc) to achieve impact?
| Not really – few resources would be needed to get results | |
| Somewhat – significant resources would be needed to get results | |
| Yes – considerable resources would be needed to get results |
4
How easy would it be for our community to design an early prototype of this concept?
| Easy – we could start prototyping this today | |
| A bit tricky – but we could figure it out | |
| Not at all easy – we'd need help from outside experts on this |
5
Overall, how do you feel about this concept?
| It rocked my world | |
| I liked it but preferred others | |
| It didn't get me overly excited |
Comments
January 19, 2012, 11:17PM
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