Introducing TrustPal, the Trust Layer for the Internet
Fight back against the race to the bottom on quality and trustworthiness with TrustPal, a trust based platform that puts users in control of the algorithms.
In today’s world, finding high quality products, services and content is harder than ever. Consumers face a disturbing trend: a race to the bottom on quality where low quality products flood the market and consumers struggle to find high quality options. These low quality options not only waste consumers' time and money, but also contribute to environmental harm and, more worryingly, often pose pose serious health and safety risks.
There are highly trusted people and organizations working hard to identify great products, services and content for consumers but their impact is limited because their recommendations are disconnected from most consumer online shopping experiences.
Moreover, consumers have little to no control over the algorithms that dictate their online shopping experiences. This lack of control weakens the connection between brands and the consumers that trust them, leaving even the best brands vulnerable to sudden changes in search and recommendation algorithms. Countless stories have emerged of great brands being devastated by such algorithmic shifts.
Worse still, these algorithms can steer consumers towards companies and causes that do not align with their values, sometimes leading them to unwittingly support practices they find objectionable.
Why is There a Race to the Bottom, and How Can TrustPal Help?
Today’s consumers face numerous challenges when trying to make informed purchasing decisions:
- Fake Reviews
- Platforms that sell goods online often feature a large number of fake reviews. As a result, reviews on e-commerce sites are not always a dependable source of product quality information.
- Worst case: Opportunistic sellers can create fake positive reviews about their own mediocre products and fake negative reviews about their higher quality competitors.
- Current Social Media Platforms Aren’t the Solution
- Platforms that sell goods online often feature a large number of fake reviews. As a result, reviews on e-commerce sites are not always a dependable source of product quality information.
- Worst case: Opportunistic sellers can create fake positive reviews about their own mediocre products and fake negative reviews about their higher quality competitors.
- Search Engines Fall Short
- Limited Control: Users have minimal control over how search results are ranked. Search engine rankings often don’t reflect what a given user likes and who they trust.
- SEO Dominance: Low-quality, Search Engine Optimization (SEO) driven content sometimes outrank more reliable information from subject matter experts, who may not be as skilled in SEO.
- High Price doesn’t always mean High Quality
- Price alone is not a reliable indicator of quality: This is because some sellers take advantage of how consumers can't tell that the quality is poor before they buy to sell mediocre products at premium price.
- Worst case: If you assume that a product is good because it is expensive, you might end up buying an expensive but mediocre product, which is even worse than buying a cheap mediocre product!
- Trusted Entities are limited in their ability to help because they are left out of most consumer purchasing experiences
- Trusted Entities, such as product experts, content creators and consumer protection organizations, are left out of most consumer purchasing decisions. This is because consumers don’t typically see their recommendations when they are shopping unless they go out of their way to seek them out.
- Limited ability to help, grow and generate revenue: By being left out of most consumer purchasing decisions, trusted entities are limited in their ability to help consumers find great product, services and content. The disconnect also limits their ability to grow and generate revenue. This limited revenue generation can also financially limit their ability to evaluate more products and services.
- Social Media Recommendations are un-timed and un-targeted: Recommendations made in social media posts and podcasts are un-timed because consumers usually don’t see them at the time when they are looking to purchase what is being recommended. They are un-targeted because everyone receives the same recommendation, regardless of whether they need what is being recommended.
- Standalone review websites are expensive and disconnected from consumers: Some trusted entities create their own websites, where they feature all their recommendations in an organized and searchable format. Consumers must take initiative to visit their websites to see what they recommend and a consumer that trusts multiple such sources must visit each of their websites one after the other. Furthermore, there is a significant cost in creating, customizing and maintaining standalone websites.
Product Misinformation Causes a Race to the Bottom in Quality
Due to these challenges, online marketplaces are witnessing a disturbing trend—a race to the bottom in product quality in many product categories. This is because when consumers struggle to differentiate between high and low-quality products, producers of goods and services are strongly incentivized to prioritize:
- Cutting production costs This is because consumers don’t typically see their recommendations when they are shopping unless they go out of their way to seek them out.
- Aggressive Marketing By being left out of most consumer purchasing decisions, trusted entities are limited in their ability to help consumers find great product, services and content. The disconnect also limits their ability to grow and generate revenue. This limited revenue generation can also financially limit their ability to evaluate more products and services.
This leads to a situation where:
- High-Quality Production Becomes a Disadvantage: Producing high-quality products is usually more expensive, and this additional cost forces producers to sell their products at higher prices or to reduce their marketing budgets. As a result, quality-focused producers often find it hard to compete with low quality producers, since they can afford to sell their products at lower price and/or spend more on marketing. This often forces high quality producers to either exit the market or compromise on quality. In the worst cases, this can even lead to markets with no high quality options available to consumers.
- Consumers Struggle to Find Quality Options: With many products being of mediocre quality, consumers face a challenge in identifying the few that are safe and truly worth their investment. This is especially the case since low quality products often dominate search ranking in many online platform. As a result, high quality products are often buried under an overwhelming number of these low quality products and may never even be seen by most consumers.
TrustPal’s Solution: Elevating Quality, Trust and Integrity into the Marketplace
TrustPal is designed to address these issues by acting as a trust layer for the internet. It connects consumers with recommendations by influencers, friends and organizations they trust. This creates new, much healthier market dynamics in 3 key ways:
- For Consumers: They benefit by discovering safer, higher-quality products based on what they need, what they like and who they trust.
- For Producers: Those who prioritize quality stand out and are rewarded with increased sales, visibility, and consumer trust.
- For Trusted Figures: Influencers and organizations that help connect consumers with quality products, services and content are rewarded with monetization opportunities and a growing reputation, as their recommendations gain recognition for their reliability and trustworthiness.
TrustPal is not just another platform; it’s part of a movement towards restoring quality, integrity and trust in the marketplace. By helping quality products and services gain the visibility and recognition they deserve, TrustPal helps create a marketplace where quality and integrity truly wins in the end.
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