Springwise Daily | Top ten Food & Beverage ideas, iPads for orangutans, an affordable pedal-powered washing machine, and platform rates developers' coding skills

July 31, 2012.

Hi Jim,

Here are the new business ideas that caught our attention today:

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World Future Trends Summit – Save 20%

World Future Trends Summit, taking place October 15-17 in Conrad Miami, is where world visionaries gather to uncover the biggest trends that stand to have the greatest impact on the future of business. Be prepared for the deepest form of provocation through the application of foresight, in real time. Click here to find out more and save 20% with code FT12SPRINGWISE!

Top 10 ideas from Food and Beverage over the last 12 months

We’ve picked out our top ten Food & Beverage articles from the last 12 months on Springwise, designed to provide entrepreneurs with plenty of fresh inspiration for the future. READ MORE...

At Miami zoo, iPad system improves human-animal communication

Jungle Island in Miami is incorporating iPads into its into its Orangutan School in an attempt to better understand the primates and encourage interaction between visitors and animals. READ MORE...

Pedal-powered washing machine costs less than $40 to make

The GiraDora is a portable tub that could make easy-to-use, electricity-free washing affordable for those in poorer communities. READ MORE...

Platform scores developers’ coding skills and delivers results to recruiters

Gild Source is a tool that aims to help companies hire talented web developers by checking their coding and gathering information from social networks. READ MORE...

You can also check out our daily posts, subscribe to our RSS feed or follow us on Twitter, Facebook or Tumblr.


Warm regards,

Chris Kreinczes
Managing Director

How To Thrive In The Free-Product Economy

July 31, 2012

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6 Ways To Make The Most Of Your Mentorship, Dear Grasshopper

6 Ways To Make The Most Of Your Mentorship, Dear Grasshopper

It's not hard to see why people seek mentors at all stages of their career (think greater earning power and more professional success). But a lot depends on the mentee. Fast Company found out how to maximize your time with a mentor.

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Why Customer Pain Is Your Most Important Resource

Why Customer Pain Is Your Most Important Resource

If your product is gonna stick, it needs to address your customers' pain points--whether they can articulate them or not. Thankfully, some very smart people have thought about this.

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How To Thrive In The Free-Product Economy

How To Thrive In The Free-Product Economy

Someone will probably make a product just like yours, then give it away for free. Why not beat them to the punch?

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Constant Contact Study Reveals Daily Deals Depend on Word-of-Mouth, SoMoLo Summit Welcomes New Sponsors & Amazon Reports 96% Drop - Shares Still Soared $17

Daily Deal Media News
Social Commerce News for July 31st, 2012
SoMoLo Summit welcomes newest sponsors: First Data, Emailvision, Group Commerce, Nimble Commerce, JustDeals, Dealery, Card Spring

SoMoLo Summit is excited to announce our newest addition of sponsors for SoMoLo Summit South Beach, taking place October 21-23. 

First Data, Gold Sponsor

first data, somolo sponsorAround the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive customer revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction.

Emailvision, Gold Sponsor

Emailvision is a leading next generation marketing automation and analytics software company. 

With revenues over $100MM, Emailvision is a high growth company investing heavily in international sales expansion and R&D. Headquartered in London, the group has 20 subsidiaries across Europe, United States, South America and Asia...

Brought to you by ...


SoMoLo Summit - South Beach

Study by Constant Contact Reveals that Daily Deals Depend on Word-of-Mouth

A new study conducted by Constant Contactand Chadwick Martin Bailey has revealed that word-of-mouth is crucial for the success of small retailers using daily deals. The study has thrown light on consumer behavior in relationship to daily deals.

For instance, the study shows that more than a third of consumers are more likely to purchase a daily deal from a local retailer than a national chain. Consumers are also willing to share great deals even if they are not currently a customer of the business.

Two of the more important findings in this research were that word-of-mouth is key for the success of a deal and that personal endorsements drive deal purchases. This falls right in line with what we heard from merchants when we were developing SaveLocal: they wanted a tool that brought in new customers through word-of-mouth,” said Dave Gilbertson, the general manager of SaveLocal. 

Amazon Reported a 96% Drop in Profits – Shares Still Soared $17

It’s all about the spin and perceptions

So check this out. Earning season is in full bloom. A company you follow misses revenue estimates and profits plummet 96%. You’d expect to wake up and see the shares getting shot in the head like a zombie on the Walking Dead. Then you type in the ticker symbol for Amazon.com (AMZN) and ‘what the #$**’? Shares are up over $15 from the close on over three times normal daily volume.

This is exactly what happened on Friday, July 27th after Amazon came out and reported a 29% sales increase to $12.83 billion, up from $9.9 billion the same time last year, yet below the Street’s estimate of $12.9 billion. Profits dropped 96% to $7 million, or 1 cent per share, compared with $191 million a year ago. Shares began increasing in after hour trading on Thursday, July 26th.

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