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Episode 34

Making Extra Cash from the Data That You’re Giving Away for Free [Jeff Bermant]

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Every day, big tech companies are collecting YOUR data to turn around and sell to advertisers. And they are making a HUGE profit from this! Today’s guest, Jeff Bermant, is looking to flip the script on this whole idea and start getting you paid for the data that you’re currently giving away fro free.

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Hosts & Guests

Host – Nick Nalbach

Guest – Jeff Bermant

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Contact the Guest

Download the app (only available on Android)

Visit Cocoon MDR

Connect with Jeff on LinkedIn

Follow Jeff on Twitter

Share Episode

Share on Facebook

Share on Twitter

Share on LinkedIn

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Download the Workbook

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Links & Resources

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Note: Some of the links listed below may be affiliate links. This means I will receive a small commission (at no extra cost to you) if you choose to purchase through them.

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Connect with Jeff

Start earning cash for your data with the Cocoon MDR mobile app
Visit Cocoon MDR online to learn more
Connect with Jeff on LinkedIn
Follow Cocoon MDR on Facebook

Additional Resources and Links Mentioned

Level up your content creation strategy and start bringing more traffic to your website with the Competitive Keyword Research [Video Course]

If you haven’t done this already, you can leave a review of the Nine-Five Podcast over on iTunes

Want to step up your content creation game and start bringing more visitors to your website and business?

Sign Up for the Competitive Keyword Research [Video Course]

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Show Notes

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Data is something that we’ve been hearing so much about recently.

This topic has been all over the news in regards to how companies are collecting your data and what they are doing with it once it is collected.

At the moment, these big tech companies like Facebook, Google, and Apple are gathering data on all of us online to turn around and sell this information to advertisers.

But what do we see out of that profit?

Absolutely nothing!

That is where Jeff Bermant is hoping to change things up a bit. Jeff’s new app, Cocoon MDR, aims to put some of that money back into your pocket.

How Does Cocoon MDR Work?

Throughout the episode, you’ll hear Jeff and I talk about how your data is collected, and more importantly, what happens to that data after it’s been collected.

With Cocoon MDR (currently availabe in the Google Play Store), you simply sign up for the app and turn on your location. This works the same with way with any other app that you currently have on your phone.

After you turn it on, Cocoon will start collecting your data based on where you go.

Where Cocoon differs from any other app on your phone is that Cocoon will actually pay you for the data it collects.

Any other app on your phone will collect the data and just turn around and sell that data. With Cocoon, you actually get a piece of the pie!

Where Does My Data Go Once It’s Collected?

This is a valid concern and Jeff is very honest about this topic.

As you’ll hear Jeff mention in this episode, your data goes to many of the same places and companies it always goes.

Jeff mentions a company, Complementics, which is who Cocoon is currently working with.

Now, rather than Cocoon taking the money and keeping it for themselves, Cocoon will actually deposit money into your account.

The amount of money you earn depends on the amount of data collected (primarily based off how much you travel which makes it a great opportunity for frequent travelers and drivers).

New Opportunities with Data

Since this has been a big discussion in recent months, I’m really curious to see where this topic of data and privacy goes.

People like Jeff are doing some amazing things around the topic and I love how he’s trying to find new ways to get more people involved (and benefitting) from the information we are willingly giving away to big tech companies.

I’d love to know what your thoughts are on the episode and topic!

Don’t forget to jump in the comments and answer the question listed below.

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Thank You!

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I hope you enjoyed this episode of the Nine-Five Podcast. Thank you so much for listening!

What are you thoughts on data? Do you think we should be getting paid for the data that big tech companies are collecting from us?

Leave a comment below and let me know how!

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