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NetRater

mswayne
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  • Submitted by: mswayne
  • Created: Sep 30, 2006, 6:57 pm
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The Idea

People trust product and service recommendations of their circle of friends and family. When it comes to (the mostly anonymous) online ratings and recommendations, you can't be totally sure that the recommendation is unbiased... is it someone who is being paid by a company to give a good review? Is it a disgruntled ex-employee spreading sour grapes about a company? NetRater allows you to create a circle of trust. As you rate and recommend products, you add raters to your network that you trust and that trust you. You can even rate the raters. If their recommendations start to fail, they drop out of your network. NetRater would collect revenue through affiliates and advertising. Top-rated raters would receive compensation through revenue sharing.

I thought of this idea when I was...

Despite all the recommendation sites online, I tend to rely on my friends and family's input.


Comments Posted

PsychSplash
PsychSplash Posted: October 3, 2006, 10:52 am

you can do this kind of stuff in magnolia. I am guessing other social bookmarking services are similar. You build a group of like-minded individuals looking for specific services on the net.

pablomarcoblanco
pablomarcoblanco Posted: October 3, 2006, 2:52 pm

Could be interesting. Probably not as a single Site, but as an add-on for existing social sites

AdamD
AdamD Posted: October 3, 2006, 10:26 pm

I like it... but there are lots of companies doing this now. Many of them have revenue streams in concert with the recommendations (ie, Amazon).

scrollinondubs
scrollinondubs Posted: December 21, 2006, 2:49 pm

we had conceived something similar w/ PWKTS.com (people who know their sh*t) and later ivouch.com - creating trust circles of people and their references. it is an excellent idea if done well but i echo the comments that it'd be trivial for someone like LinkedIn to pull this off with their infrastructure and userbase. would be difficult to break into that from scratch... sell the idea to them ;-)

 

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