FAQ
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Lonch is a social marketplace where people trade insight, skills, connections, and value delivery for royalties. It’s a mobile and remote first set of tools for digital nomads and remote workers, and a transitory platform for traditional workers, so they can dip their toes in, or go full plunge. This approach enables people to bring value when and where it is most impactful, where they can work on what they’re most passionate about and have complete freedom over their work-life balance.
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Lonch is a social marketplace that enables creators to build and sell digital products with zero upfront cost. Creators submit ideas and the community collaborates to build and market them. Once a product sells, Lonch takes a percentage of the revenue and the creator earns a royalty. Lonch also provides tools and resources to help creators throughout the product lifecycle, from ideation to marketing to maintenance. The community is an integral part of the process, providing feedback and support to creators, and helping to drive sale.
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1. Talent Marketplace: Lonch operates as a talent marketplace where individuals can contribute their skills and collaborate with others to create innovative products.
2. Shared Success: Lonch is built on the principle that it only makes money when the products created on the platform succeed. This aligns the interests of the creators and the platform, creating a mutually beneficial relationship.
3. Empowering Creators: Lonch empowers creators to take control of their product lifecycle by providing tools to ideate, design, build, market, and sell their products all within the platform.
4. Eliminating the Need for Capital: Unlike other platforms, Lonch eliminates the need for significant upfront capital by leveraging the talent of its community to bring products to market.
5. Sub-$5M LTV: Lonch is focused on helping creators build and sell products with a lifetime value of less than $5 million, providing a market opportunity that is often overlooked by other platforms.
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Anyone can use Lonch including you, dreamers, and anyone who wants to take control of their financial future. The platform is focused on risk-tolerant digital natives who are comfortable working remotely and want more control over their work and lifestyle.
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You can create and sell a wide range of digital products, including mobile apps, web applications, software, games, ebooks, music, and more. The platform also allows for the creation of physical products such as clothing, accessories, and merchandise. Products can be across any industry. Essentially, any product that can be created digitally or physically can be sold on Lonch, as long as it meets the platform's guidelines and terms of service.
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Products are pressure tested and validated by the Lonch community including innovation, market potential, technical feasibility, and overall quality. Lonch also provides product visionaries with product contributors and support to help them increase their chances of success. Lonch relies on feedback from its community to identify any issues or areas for improvement in the products created on the platform as they possibly become ready to go to market. Many additional support services, guidance and framework are provided to the Lonch users as well.
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Users on Lonch can earn royalties on their products through a revenue-sharing model. When a product is sold, Lonch takes a percentage of the revenue as a fee and the rest is split between the Product Visionary and any collaborators (Product Contributors) involved in the project. The exact percentage split depends on the royalty tokens that were offered and awarded. The royalties earned by Product Visionary and Product Contributors are then paid out on a regular, ongoing basis through the lifetime of the product as long it generates revenue.
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The Lonch community is important because it forms the backbone of the platform's collaborative approach. By bringing together people with different skills, experiences, and perspectives, Lonch can create high-quality products that are tailored to the needs and interests of its target audience. The community is also responsible for providing feedback, testing products, and promoting them to a wider audience, which helps to increase their visibility and potential for success. In addition, the community allows for the exchange of ideas, knowledge sharing, and the formation of valuable connections, which can lead to new opportunities for collaboration and growth.
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Lonch takes a nominal percentage of revenue of products that generate revenue.
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To get started and join the movement on Lonch, sign up by submitting your email address and contact information on the website.
manifesto
At Lonch, authenticity informs our day-to-day actions as well as our long-term vision. We can’t help but be true to ourselves and follow our passions.
Our crowdfounding platform not only creates opportunities and fosters independence, it ultimately enables greater freedom and flexibility for all.
And while we have a huge independent streak, we know that nothing good is built alone. Our biggest asset is our community of impassioned innovators, trailblazers, and adventure seekers.
It’s about connection, shared goals, big ideas, and empowerment. Collaboration is at the core of everything we do, and there is room here for everyone.
It’s this passion we share wholeheartedly. Come as you are – and join us for the journey.