3 ways you can sell your own personal data
- by 7wData
It's not just the lowlifes and thieves making money from stolen data; you might be able to make a few bucks selling your own personal data, too.
Now, I'm not suggesting you place an ad for your Personally Identifiable Information (PII) on Craigslist, but there are actually outlets that will let you, or plan to let you, sell some of your data. It's used for marketing.
Personal data marketplace
One such company is the U.S.-based Datacoup, which says it lets you connect your apps and services via APIs in order to sell data. Datacoup pitches itself as the world's first personal data marketplace.
The way it works, according to the company's website, is by connecting user accounts, such as debit and credit cards, Facebook, Twitter, LinkedIn, Foursquare, Google+, YouTube, Tumblr, Meetup, and Instagram, with an account authorization API.
Datacoup says it then builds "a profile that provides an overview of your data for potential data purchasers."
For now, though, Datcoup purchases the data, but says that in the future the site will feature "brands, retailers, media agencies, wireless carriers, insurance companies, and banks."
Card numbers are encrypted, and that's not what's being sold anyway. It's the anonymized "patterns across different demographics and other data characteristics" that those who purchase the data can access.
Free personality profile
Another outfit is a UK-based company called CitizenMe. It intends to allow individuals to sell their personal data directly to businesses and advertisers, according to a Financial Times article.
The company will give subscribers a "free personality profile in return for their data," the newspaper says. Discounts and rewards from retailers and banks will also be in the package.
Social network backup
Another company mentioned in the FT article is Digi.me, which is planning a service to allow "businesses to approach individuals who want to share their data."
The company is in the data storage business—it backs up social media accounts for subscribers—so it's a logical progression to take that aggregated data and sell it.
"This will allow you to share your data with whomever you like, under your control, and make money out of it, as well as lots of other things," Julian Ranger, chairman and founder of Digi.me, told the Financial Times.
And how rich will I get?
Well, clearly, if you look at the couple-dollar numbers in the screenshots on the Datacoup website, and consider the monetary value of a free personality profile—without wanting to belittle the healthcare industry—you aren't going to get rich here.
[Social9_Share class=”s9-widget-wrapper”]
Upcoming Events
Strategies for simplifying complex Salesforce data migrations – Free Webinar
27 March 2024
5 PM CET – 6 PM CET
Read MoreCategories
You Might Be Interested In
Twitter buys artificial intelligence group Whetlab
18 Jun, 2015Terms were not announced for the deal, which was disclosed in a tweet by the Twitter engineering team and …
Three Reasons Data Science Is The Job Factory Of Manufacturing
9 Sep, 2015Manufacturing made the US a world power in the 19th Century. Today we share the industrial stage, and experts …
Indirect Data Is the Travel Industry’s Secret Weapon
8 Feb, 2016This travel season is shaping up to be the busiest since 2008, according to results from several surveys that gauge …
Recent Jobs
Do You Want to Share Your Story?
Bring your insights on Data, Visualization, Innovation or Business Agility to our community. Let them learn from your experience.