Tech Pitch: fivesquid.com
Startups talks to the service marketplace offering an innovative spin on peer-to-peer selling
Company name: fivesquid.com
Founder: Terry Koutsios
Background: SportsCoach franchisee for nine years. Awarded franchisee of the year for retention.
Very simply, what does your tech start-up do?
fivesquid.com is a marketplace where people can monetise their skills and hobbies, and businesses can have a strong online workforce available at their fingertips. All services are listed in four pricing categories (£5, £10, £20, £50), making the transaction process transparent and quick and allowing work to commence within five minutes of an order being placed. With fivesquid.com, service buyers can clearly see the time, quantity and price for all services before making a purchase, allowing them to tailor their orders with paid add-ons, like fast delivery, order quantity and additional work that may be required.
The website is an ideal resource tool for start-ups looking to save on costs. With 129 categories to choose from, businesses can save up to £20,000 a year by just buying microjobs to grow their businesses. From logo designers with 14 years of experience to html programmers, services listed can be from anywhere around the world. Some members have earned over £14,000 by offering their skills for fixed prices. All services can be rated and reviewed to ensure high quality results are always delivered.
Tell us why there’s a need – what do you disrupt?
There are multiple freelance websites out there, but they don’t make it easy for businesses looking to get work done quickly. You have to go through the process of writing a job description, selecting up to five categories, researching for the right pricing structure. And even when you post your job description, you get flooded with thousands of applicants that you have to go through and filter, and they all have different price quotes. It can take up to three days to start working with a freelancer on a small project.
On fivesquid.com all services are listed in results-based formats, with fixed fees and freelancers are only paid after the work has been delivered and has had enough time to be reviewed. This allows businesses to clearly budget for tasks because they can see the exact deliverables for exact prices. The simple e-commerce layout enables businesses to start work within five minutes of purchasing a service, which is great for ad-hoc tasks and projects with tight deadlines.
fivesquid.com is focusing on procuring the best talent internationally, and building a hub that allows micro-entrepreneurs and start-ups to grow. Starting a business does not have to cost a lot of money, and neither should running one.
The company brings an innovative spin to peer-to-peer selling through an engaging workroom, allowing for easy collaboration remotely. The company’s mission is to allow small businesses to access local talent from anywhere around the world and individuals to sell their skills, and even maybe eventually run their own business. By focusing on a simple interface and building an avid community, the company is set to develop a blueprint for the micro-jobbing industry.
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What’s the best thing about where you’re based?
The company is based in Soho, London, which says a lot in itself. The team enjoys a vibrant city atmosphere and are spoilt for choice when it comes to lunch time.