Facts and Figures
FreelancerMax is an online platform which allows businesses to source the services of independent freelancers for various projects, and freelancers can browse jobs and find work. Businesses list jobs for FREE and invite bids from freelancers. They can browse profiles, review proposals and communicate with and invite freelancers to begin work. Our backend algorithms match businesses with suitable freelancers. It automatically alerts qualified freelancers by email and SMS when suitable jobs become available. Freelancers can review and bid on the projects. The platform also enables file sharing, milestone definition and online time sheets.
How does your business make money?
FreelancerMax generates revenue in 3 ways.
FreelancerMax takes 10% of the total project cost on completion of a project. This comprises 5% from the freelancer and 5% from the business. Tasks can be completed at a fixed price or using project timesheets.
There is no fee to sign up and create a freelancer profile. However, you can then only submit 30 bids per month. We offer monthly subscription packages. The "professional" package is $29.99 per month and entitles you to real-time email notifications of skill-related jobs and 60 bids per month. Our "enterprise" package is $49.99 per month and provides real-time email and SMS notifications and unlimited bids per month.
A business can post jobs for free however they are able to upgrade their listing and pay extra for better placement/position, bold styling and search engine optimisation.
Why should someone buy this business?
The workforce is changing. More and more people are swapping 9-to-5 jobs for the flexibility of freelancing. It is expected that freelancers will comprise 50% of US Workforce by 2030. Using technology, freelancing allows businesses to hire from a broad spectrum of skilled, suitable workers all over the world, and with less financial risk.
Our fees are more reasonable than key competitors like Freelancer.com, Fiverr and Guru.com, particularly as we do not use an external Escrow service. Upwork, a similar website, has a current valuation of $2 billion and generates $1 billion in revenue per year. However, with high fees, many freelancers want alternative platforms to work on.
This is a turnkey operation with brilliant functionality!
How can the future owner improve this business?
The new owner can improve the business by investing time and resources into marketing. They can work to improve SEO and domain authority, undertake more social media marketing and email marketing. The future owner can also actively connect with businesses offering graphic and logo design, photography and web design / development to source new talent.
- High levels of Automation
- Scalable Business Model
- Turn-key Operations
- Overall Market Size
- Low Acquisition Cost for New Customers
Opportunities for a new owner
- Improve Current Marketing Efforts
- Introduce Further Revenue Streams
- Develop New Features
Key day-to-day operations
- Website Maintenance
- Content marketing
- Google Adwords
- Custom technology
- Customer databases
- Hosting accounts
- Marketing materials and collateral
- Policy and Process documents
- Registered trademarks
- Relevant email accounts
- Social media accounts
- Website files, source code and content
- e-Commerce platform accounts
- Google Adwords
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Studied at Case Western Reserve at 1994, graduated with degree in Electrical Engineering with minor in Software Development. Worked in the public sector for 25 years in automotive, banking, healthcare. Held private software consulting company for 12 years worked for large Fortune 500 companies developed large scale enterprise systems from web to mobile applications. I saw a need for exploring and starting an startup with big plans to grow the company. Due to recent family event changes, looking to simplify and do not have the time/energy to develop this business further.