BrowseU Helps People Pay Off Student Debt Through Advertising Revenue
Alyson Wyers — January 19, 2016 — Pop Culture
References: browseu & springwise
This new search engine helps young people pay off student debt by giving them a chance to receive a portion of ad revenue. In the United States, student loans are a major contributing factor for extremely high rates of student debt. BrowseU gives the indebted an opportunity to get their personal finances in order.
The platform uses an integral internet feature to enable users to help themselves. BrowseU works similarly to any other search engine, but with a goal of helping pay back student debt. Those interested in participating can sign up as members, which will place them at the end of a virtual queue. As more and more people use BrowseU, more advertising revenue is generated. These funds are given to the person at the head of the line until their 'funding bar' is full before the next person starts receiving money.
The platform uses an integral internet feature to enable users to help themselves. BrowseU works similarly to any other search engine, but with a goal of helping pay back student debt. Those interested in participating can sign up as members, which will place them at the end of a virtual queue. As more and more people use BrowseU, more advertising revenue is generated. These funds are given to the person at the head of the line until their 'funding bar' is full before the next person starts receiving money.
Trend Themes
1. Search-driven Revenue - The use of search engines to generate revenue and help individuals pay off debt presents a disruptive innovation opportunity.
2. Debt-reduction Platforms - The rise of platforms that provide a focused solution for individuals to tackle and manage their debt presents a disruptive innovation opportunity.
3. User-driven Advertising - The emergence of user participation in advertising revenue distribution through platforms like BrowseU presents a disruptive innovation opportunity.
Industry Implications
1. Fintech - The FinTech industry can explore integrating debt-reduction platforms like BrowseU into their offerings, tapping into the potential of search-driven revenue.
2. Digital Advertising - The digital advertising industry can leverage the concept of user-driven advertising to enhance engagement and revenue generation while supporting individuals in debt reduction.
3. Education Technology - The education technology industry can collaborate with search-driven revenue models to provide resources and support for students paying off their debts.
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