Re: [projectvrm] Very interesting VRM play from UK

[Peter Cranstone < >]

Title: RE: [projectvrm] Very interesting VRM play from UK

Nathan,

http://pricepatrolapp.com/ will solve the problem and doesn't require any behavior changes on the part of the user OR infrastructure changes on the part of the vendor. In fact it's really about a smart filter that looks for things that I specify. But then again I can easily do what with Amazon or Google. 

Peter

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From: Nathan Schor < "> >
Date: Monday, September 2, 2013 4:15 PM
To: ProjectVRM list < "> >
Cc: 'Don Marti' < "> >
Subject: RE: [projectvrm] Very interesting VRM play from UK

Don,

In the real-time case you describe, there may not be much incentive. But, here is a scenario where trading data-for-dollars benefits both customer and vendor.

A customer is planning purchase of a stoveand several days prior to purchase they know which brands are in their consideration set, as well as when and where they are likely to complete sale. Surely that quartet of data -what (item),which (brands),when, andwhere – is valuable to sellers.The commercial success of VRMdepends on vendors believing thatbuyingsuch anintentcast from an in-market customeris much more efficient than broadcast a message to the very many in the hopes of enticing the very few.

To prevent buyer’s from gaming the exchange or not following through, they are only paid if the sale takes place. So there is no risk for either party to participate. 

Another motivator for buyers to intentcast is that their intent details are perishable, in the sense of having value onlyprior to sale. So if buyers keep their data confidential prior to negotiating the sale then neither party benefits, but if they exchange it, then both benefit.

Of course, whether the operational details that Handshake proposeswill workfor examples like the one aboveis to be determined, but I don’t see any showstoppers to their approach.

Nathan Schor 305.632.1368 ">

-----Original Message-----
From: Don Marti [ ">mailto: ]
Sent: Monday, September 2, 2013 2:05 PM
To: Nathan Schor
Cc: ProjectVRM list
Subject: Re: [projectvrm] Very interesting VRM play from UK

begin Nathan Schor quotation of Mon, Sep 02, 2013 at 12:36:22PM -0700:

> Handshake Is A Personal Data Marketplace Where Users Get Paid To Sell

> Their Own Data

>

>http://techcrunch.com/2013/09/02/handshake/

I completely don't get this.

Any intent information that is valuable to a vendor is more valuable to me.

Here's an example.  It's a summer weekend, and I'm walking through an anchor store at the mall, looking at khaki pants.

Here are two pieces of intent information.

  "I'm cutting through the store on the way to pick up

  my car at Sears.  I wonder if there are any decent

  khaki pants on sale, since I could probably use

  another pair."

  "I ripped my last pair of khaki pants and I have a

  meeting in Palo Alto on Monday morning.  I have a

  lot of stuff to get done and I'm not leaving this

  store without a new pair."

What's my incentive to reveal which intent is the true one?

Can anyone come up with a scenario in which selling my intent information is more valuable to me than keeping it confidential when I go to negotiate a purchase?

--

Don Marti                      +1-510-332-1587 (mobile)

http://zgp.org/~dmarti/        Alameda, California, USA

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