Photo - Freelanco
51307

Freelanco

Freelance Marketplace

Germany
Market: Internet and IT, Services
Stage of the project: Operating business

Date of last change: 19.02.2021
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Idea

Educate freelancers, test their knowledge and offer them a workplace to sell their services and manage projects.

Current Status

The project is live, currently 14k users (on average 100 new users a day), primarily freelancers to freshers. The aim is to improve a marketing model to attract and maintain a healthy ratio of employers/freelancers.

Market

Mass market - freelancers aged 18-50 and corporate market regardless of the age. The approx. size of the freelance market only in the North America - 1.5 trillion USD and before COVID it was rising 5.5% p.a.

Problem or Opportunity

The unemployment rate goes high after the COVID impact. Many people are seeking advice how to transform their skills and a place where to sell/apply them. May companies review their costs and replace their corporate contracts with gigs.

Solution (product or service)

Our company guides how to adjust personal skill-sets to become demanded on the market.

Competitors

Upwork, Fiverr, FreelancerHunt

Advantages or differentiators

The difference from the competitors is that they target established freelancers, and we on top are growing them from those who decided to change the profession.

Finance

10 EUR per a professional freelancer per month (5-7% of the total number of users), 3.5%-5% fee fr om the withdrawn amount, wh ere the cost of incoming/outgoing transaction would be in total about 50% from the earned fee. We expect to get on average 50 EUR turnover per client per month and with 100k users to generate net 125,000 EUR in fees per month. We expect to get 5 million users in 5 years.

Business model

Fees from the cashflow management, paid ads, research fees for large corporates and from educational courses and quiz service resale.

Money will be spent on

Improve product UX design and invest into marketing

Offer for investor

Depending on the amount, the share is between 10%-15%

Team or Management

Risks

When one of the tech giants decides to put a foot on gig-economy, core freelance portals will suffer a lot, but as we take a niche between educational and freelance domains, we shall maintain a competitive advantage.

Incubation/Acceleration programs accomplishment

Did not participate

Won the competition and other awards

Did not participate

Photos

Photo 1 - Freelance Marketplace
Photo 2 - Freelance Marketplace
Photo 3 - Freelance Marketplace
Photo 4 - Freelance Marketplace
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video