entrecity

This week we will be looking into Task Rabbit, a company based in the US that helps people outsource their errands to a group of people that have been verified by the company.

14768680_m(550x360)

Breakdown Description
Company Name TaskRabbit
Website http://www.taskrabbit.com
Problem Due to hectic lifestyles and schedules people may not have the time to run errands.
Solution Outsource the errands that need to be run. Let other people who have the time and the expertise complete the tasks on your behalf. Saving your time for more important tasks.
Why We Like It Provides access to good quality service providers for every tasks. Even allows you to customise each task. By outsourcing these tasks, it frees up more time for us to focus on important work.
Target Market General Market – Professionals, executives, busy housewives, elderly, people who need expert skills(assembling IKEA furniture)
Technology Web platform, system to verify TaskRabbit’s background
Resources Community base that has a variety of service providers. Would be easy to start with a small community of vendors and people to assist with the task.
What are the costs we are looking at? Costs: Building Web Platform(market), Administration for Verification of errand runner, rentals, administration staff, marketing.
How Will They Make Money? The customer will set the task price. There is a guide for how they should price the task and 20% of that price will go back to the company, if the bid is successful.
How Will They Reach the Market? Using social media, email marketing, videos and PR to market the service. Both for customers and people to run the errands.

 

March 14, 2013
14768680_m(550x360)

Idea Analysis 2: TaskRabbit

This week we will be looking into Task Rabbit, a company based in the US that helps people outsource their errands to a group of people […]
March 7, 2013
14768680_m(550x360)

Idea Analysis 1: SleepBox

So yesterday we discussed breaking down an Idea(Click Here to read more about it). Lets put that action into practice… Breakdown Description Company Name SleepBox Website […]
July 15, 2016
iStock_000016394234Small(550x360)

How To Train Your Brain To Get That Great Idea …Through Some Reverse Engineering.

Throughout the years I have come up with many great ideas which seemed feasible and profitable. So how was I able to generate so many ideas, […]
February 5, 2013
9947354_m(550x360)

Why Planning For Risk And Failure Will Save You From Going Belly Up?

While entrepreneurs laboriously engage in extensive planning and forecasting, the reality is that it is impossible for them to predict all conditions and assumptions especially in […]