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Page 1
Table of Contents
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Technology Business Plan
Chart: Highlights
In future, Projects Hire aims to develop an online auction marketplace for projects where
individuals can auction/sell their personal works through this platform for customers to bid.
2.0 Services
As an online employment portal, Projects Hire offers the areas of outsourcing including
I.T/Programming
Design & Multimedia
Essay Writing
Business & Consultancy
Online tutoring
School projects
Contractor
o Register free and set-up profile
o Contractor will get 10 free project bids for Basic subscription model. They can get
additional bids by doing the following:
Refer a friend with unique coupon code. Successful referrals get 2 more bids
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Technology Business Plan
Completed own profile (photo, address, portfolio details, skills level) get 5
more bids
Like us on FB to get 1 more bid (screening required)
Get 5 more bids for completing 5 projects successfully
o Subscribe as Premium member for $10 per month and receive 10 additional bids
monthly and be a "Sponsored" provider tagged to their usename when they bid for a
project
Customer
o Register free to post projects as Basic member (posting last for 2 weeks by default)
o Get 2 "featured" listing tags for free when they post a project
o Customer can post as project work or tutoring and indicate the project category
o During project posting, there is an option for customer to purchase the posting as
"featured" listing (if not available anymore) at $2 each
o Extension of job post listing at $0.5 per day, extra $1 for 'bumping' the project post
up
o Customer can have option to pay for "premium bids only" at lumpsums of (we will
evalute contractor bids for customers)
$50 for projects valued < $500
$100 for projects valued > $500 and < $999
$150 for projects valued > $1,000 and < $4,999
$200 for projects > $5,000
o The job for contractor evaluation involves:
Filtering of bids
Initial Project management in vendor selection and requirements study
Verification of vendor bid credentials
Final 2-3 vendor proposal for customer final selection
When a contractor decides to bid a project, they need to put in a short write-up why they
can take up the project (contact info must not be disclosed) - additional check needed for
email address and contact numbers
Fees can be set as a fixed price project or hourly based and can indicate timeline/milestone
Once project is bidded, it will be in contractor's "Inbox" for communication with customer
Customer can then receive bids and evaluate
o Able to communicate with seller in the website "Inbox" only - additional check
needed for email address and numbers
o Award project and pay in according to milestones
o Customer will make payment to fund the project thru Escrow
o Once customer is happy to release funds, they can choose to do so
o Email automation for bids received
Projects Hire will get a percentage of fees for projects successfully awarded (5% for
projects $20 to $1,000, 4% for projects > $1,000 and < $5000, 3% for projects > $5,000).
There will be a dispute management system for both contractor and customer, should they are
not satisfied with the service or money paid.
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Technology Business Plan
In the next phase, talented individuals can earn another source of income by selling or
auctioning their project works. The seller can post their report writing, designs or I.T projects
for free (submit as password protected file to us). They must provide full details of project and
include screenshots and minimum write-up of the posting. Seller can set minimum amount for
project auction i.e. $10 for mobile app, or full purchase price i.e. $200 for website design. Time
period for each posting fixed at 2 weeks (option to extend every 1 week for $10). Customers
who are interested will submit bids (highest bid wins) and can submit unlimited times for each
posting once every hour (??). The bidding ends when auction time runs out or customer able to
meet the buy-out price. Projects Hire will get a 5% service fee of the transacted value.
Projects Hire target student individuals, business starts-up and organizations who want a
certain project done with affordable prices. This intend to unite all freelance talents for them to
earn cash at spare time in areas of:
I.T/Programming
Design & Multimedia
Essay Writing
Business & Consultancy
Online tutoring
School projects
Projects Hire target the Asia-Pacific region market where online outsourcing projects is
relatively low. Our most important group of potential customers are tutors and students for
online tutoring and schools project. The internet has made it easy for students to share
information and online learning. This service of online homework help can help students in
finishing their homework assignments and other projects
within the due given by the supervisor or instructor.
Online services such as tutoring, essay writing and school projects offered to customers as this
is still a developing market. There is also an option for customers to engage our vendor
evaluation services to filter out projects bid. Moreover, the projects auction business model
separates itself from other competitors.
Online Advertisement
1) Generic SEO on website
2) Google Adwords and Facebook marketing (PPC campaign)
1) Contractor: giveaway free new iPad for 1st month registrations, who bidded at least 1
projects and like us on FB with complete profile
2) Customer: giveaway free new iPad for 1st month registrations, who posted at least 1 project
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Technology Business Plan
In the next phase, there will be a referral campaign for successful referrals sign-ups will stand a
chance to win iPhone 5, iPad mini or Note 2.
As the business model is solely online, Projects Hire will be using Escrow payment gateway for
transactions. There is a subscription based model for contractors at $10 per month for their
account. The main revenue stream is from service fees for projects agreed. Once a project is
successfully bidded, Projects Hire will get a percentage of service fees for projects successfully
awarded in the following model:
For the projects auction model in the next phase, Projects Hire will take 5% of the transacted
price.
4.4 Milestones
In order to achieve the sales and marketing goals that have been outlined in this business plan,
Projects Hire has deadlines to meet and ideas to implement. Some of these are highlighted
below:
Business discussions will be ongoing for ideas brainstorming to review on feasibility
Website application requirements will be discussed as part of business and to be finalized
before end of Dec 2012
Website development target to begin by late Dec 2012 or early Jan 2013 using DNN and
MSSQL platform
Depending on the portal requirements, it could take up to 1 month for initial development
including the payment gateway
Testing phase or any further developments will begin from 01 Feb till CNY 2013
Marketing planning and implementation will be ongoing since Jan 2013
The business is targeted to launch by end of Feb 2013
Table: Milestones
Milestones
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Technology Business Plan
Totals $0
Chart: Milestones
Table: Financials
Financials
2013 2014 2015
Beginning Balance
Opening Balance Cash & Checking $0 $0 $0
Direct Costs
Direct Cost of Sales $0 $0 $0
Other Costs of Sales $0 $0 $0
Other Outflows
Payments of Taxes $0 $0 $0
Debt Payments $0 $0 $0
Purchase of Assets $0 $0 $0
Other $0 $0 $0
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Technology Business Plan
Ending Balance
Ending Balance Cash and Checking $0 $0 $0
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Technology Business Plan
Chart: Cash
Page 7
Appendix
Table: Financials
Financials
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Beginning Balance
Opening Balance Cash & Checking $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Direct Costs
Direct Cost of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Costs of Sales $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other Outflows
Payments of Taxes $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Debt Payments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Purchase of Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Subtotal Money Spent $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance
Ending Balance Cash and Checking $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
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Appendix
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