What is Commitly?
Commitly helps you stay consistent with your goals by putting real money on the line. Commit to any goal, set a deadline, and bet on yourself. Succeed, and you keep the money. Fail, and 100% of the money goes to charity.
Problem
Users often struggle to stay consistent with personal goals.
Staying motivated over time and lack of accountability are significant drawbacks to achieving these goals.
Solution
Commitly is a platform that helps users stay consistent with their personal goals by tying financial stakes to the success of these goals.
Users can commit to any goal, set deadlines, and bet real money on their success. If they achieve their goal, they get their money back; if not, the money goes to charity.
A platform that incentivizes goal achievement with financial stakes
Customers
Individuals who are looking to achieve personal goals and need extra motivation.
Age range probably spans from young adults to middle-aged, focused on self-improvement and productivity.
Unique Features
Financial stakes tied to personal goals.
Charitable donations as a consequence of not achieving set goals.
An accountability mechanism through monetary incentive.
User Comments
Innovative concept for personal accountability.
Motivating tool for setting and achieving personal goals.
Positive reinforcement through financial rewards.
The charitable component adds a benevolent aspect to failure.
Simple and effective interface.
Traction
Newly launched with increasing awareness.
Specific user numbers or revenue details not provided.
Market Size
The self-improvement market was valued at approximately $10 billion in 2020, with expected growth as more people focus on personal development and productivity.
