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Page 1: Building Trust Online, Sharing Stuff Offline

Building Trust Online,Sharing Offline

Thursday, March 31, 2011

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The average power drill gets used for 12 mintues in its

entire lifetime.

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...the rapid explosion in swapping, sharing, bartering, trading and renting being reinvented in ways relevant to the Facebook age.

Collaborative Consumption

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The Trust Hormone, Scientific American June 2008Thursday, March 31, 2011

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The Trust Hormone, Scientific American June 2008

•Trust is innate

•Trust important to happiness and well-being

•Trust essential to connected, safe communities.

•Correlation between trust and economy

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jordanmac101

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srippon

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Bombardier

Social Media is Social

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The New Sharing Economy study published by Latitude Research & Shareable.net

Text

78% felt that sharing online has made them more open to the idea of sharing with strangers.

75% predicted that their offline sharing will increase in the next 5 years.

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Photo by Cris Dobbins

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Trust• VULNERABILITY - the willingness of one party

(trustor) to be vulnerable to the actions of another party (trustee);

• CONFIDENCE - reasonable expectation of the trustor that the trustee will behave in a way beneficial to the trustor

• RISK of harm to the trustor if the trustee will not behave accordingly; and

• LACK OF CONTROL - the absence of trustor's enforcement or control over actions performed by the trustee.

Thursday, March 31, 2011

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Trust• VULNERABILITY - the willingness of one party

(trustor) to be vulnerable to the actions of another party (trustee);

• CONFIDENCE - reasonable expectation of the trustor that the trustee will behave in a way beneficial to the trustor

• RISK of harm to the trustor if the trustee will not behave accordingly; and

• LACK OF CONTROL - the absence of trustor's enforcement or control over actions performed by the trustee.

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divemasterKing2000

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What is most important to building trust in a sharing community?

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1. The belief that people are inherently trustworthy.

Christopher LukezikMarketing

People are fundamentallygood and trusting.

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2. Social Profiles

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Shelby ClarkFounder & CEO

People who use RelayRides love that the

car belongs to a real person.

2. Social Profiles

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3. Peer Reviews

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4. Tribes / Groups

John ZimmerFounder & COO

People are tribal. We are working with

smaller networks so we can leverage trust that

already exists.

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5. Reduce Friction

Micki KrimmelFounder & CEO

Make the hard stuff easy

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Building Trust Online, Sharing Offline

1. The belief that people are inherently trustworthy.

2. Social Profiles

3. Peer Reviews

4. Tribes / Groups\

5. Reduce frictionThursday, March 31, 2011

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Neal GorenfloFounder & Publisher

Trust provides access, wealth and freedom.

When you build a community and you commit to them,

the worldopens up to you.

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jordanmac101

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Micki KrimmelFounder & [email protected]

Thursday, March 31, 2011