Business seek online solutions through crowdsourcing

The dynamic nature of the Internet means that new ideas, methods and terms are constantly emerging.

Take for example 'crowdsourcing'. Until a few years ago, the term didn't exist, but now it's the latest buzzword - it's all about businesses gathering new ideas and information from people online.

And the big question, like most new innovations in cyberspace, is how to make money out of it. It's a question that'll be at the forefront of at Crowdsourcing Week in Singapore later this year.

One Asian crowdsourcing business is Clozette. It's a social network that brings people together so they can share their latest fashion questions and ideas.

Clozette Founder Roger Yuen told the BBC's Asia Business Report how the company is finding success through crowdsourcing.