Preview of the Karma Mobile Hotspot
What is Karma?
Karma is a mobile hotspot that allows users to have access to the Internet in locations where there is a mobile connection. People can access applications while on the go. Karma mobile hotspots increase productivity and mobility. Purchasers of the plan can also earn free bandwidth through a unique offer from the company.
Why is Karma Different and How Does It Work?
Karma is different because it capitalizes off what neighbors commonly do to people with mobile hotspots: Steal bandwidth. For each person stealing bandwidth on the network, the purchaser and the “thief” earns 100 MB of free data. After the free data has been used, users can expect to pay $14.99 per gigabyte on a pay-as-you-go plan. It is a truly novel idea and allows purchasers to profit from others using their bandwidth.
Here is how it works:
The purchaser will buy a $69 Karma mobile hotspot. When the hotspot is received, the user will sign into their Facebook account to get their free 100 MB of data to get started. Then, the user goes into a public space and earns 100 MB for every person that signs up using their mobile device. This is an excellent way to earn free data use and help a company market their product. When the user exhausts the free data, he or she can simply pay $14.99 for one gigabyte. If a person is on a budget, this is an excellent deal.
The device can last up to eight hours on a single charge. The Internet connection is provided courtesy of Clearwire WiMax. The 4G connection is fast, but not as fast as Verizon’s LTE network. The affordability of the network makes this plan more attractive. When no one is “stealing” bandwidth, the connection remains fast.
A non-Karma customer can also pay $14.99 per gigabyte to use on another person’s device. This is acceptable, but sharing may result in slower connection times. For non-mission critical applications, sharing may be fine especially if the goal is simply to keep costs low.
What are the Benefits of Karma?
Affordable and Reliable. The device and data usage are low cost.
Free Data Usage. Users receive 100 MB of data upon purchase of a Karma mobile hotspot device and another 100 MB of free data when users sign up with their device.
Free Units for American Airlines Frequent Fliers. Karma has a partnership to offer free mobile hotspot units to frequent fliers of American Airlines. Users have the opportunity to obtain a free device and free service.
Outlook and Business Model
Karma has raised just under a million dollars for its product launch. Venture capitalists and angel investors include: Werner Vogels, Chang Ng, Jerry Neumann, Kal Vepuri, David Tisch, BOLDstart Ventures, David Cohen, Collaborative Fund and 500 Startups. Karma focuses on lowering costs by doing for mobile data “what Dropbox has done for storage or Google has done for email." Their business model is simple and is much more affordable than Verizon, which charges as much as $50 for one gigabyte of data.
When and Where to Buy Karma?
The product launch has not been announced. When the company, hardware and application are prepared, details will be revealed. You can check Karma's latest news on their blog. The official Karma website is www.yourKarma.com
Category: Mobile Hotspot News
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