Think of us as the 911 for personal services where people can find instant help/job/gig. Joulebook empowers you to get more income and more jobs done. Here, entrepreneurs can generate serious or extra income, and service buyers who need personal services for themselves and their families can get such help on demand. We do everything so the only thing that entrepreneurs can focus on is doing a good job.
We've just launched at the beginning of June 2020 but have been working on Joulebook for over 1 year. We are a team of 8 talented members with over 70 years of building and enabling world-class technological solutions.
Customer Segments: Gig workers who enjoy flexible work arrangements and people who need help and personalized services for themselves, their families, and businesses.
Globally, the gig economy is worth 3.7 trillion dollars, the US alone is 1 trillion dollars yearly.
Problem or Opportunity
We have much room to grow. US's gig economy is worth 1 trillion dollars yearly. This value is brought about by 34% of the US workforce (or 55 million people). 3 Pain points - Supply: 1. Uncertainty of next gig 2. Wasted time searching for leads 3. Inability to monetize reviews. 3 Pain points - Demand: 1. Uncertainty of the quality and background of gig workers 2. Uncertainty of price charged 3. Feel like your voice is not heard when things go wrong.
Solution (product or service)
The lack of organization to turn need and skill into opportunities for more income and more jobs done for individual needs gives birth to Joulebook. We are a marketplace (not an employment agency, we don’t hire or employ any of the users on Joulebook). Joulebook is a single platform that helps people transact, manage, and organize the use of their time and money. It focuses on Personalized Services that matter most to individuals and families. The beauty of the marketplace is a convenient way to compare services, prices from a single source, and the exposure to services and service buyers.
We pick 6 competitors who are also serving the gig economy and have already had traction: TaskRabbit, Freelancer, Upwork, Fiverr, Thumbtack, Care.
Advantages or differentiators
We are a team of 8 people, working hard for over a year together with a total of over 70 years of experience building and enabling world-class technological solutions.
Joulebook is clearly the most robust solution to empower people to reach their entrepreneurship dream and people to hire someone with an informed decision. We offer 4 features that you don't find anywhere else: 1. Focus on personalized services 2. Workday arrangement 3. Blind bidding 4. Pre-sell time.
Year 1 -1.5 Million USD
Year 2 -1.0 Million USD
Year 3 0.85 Million USD
Year 5 EBITDA 25 Million USD
Exit Multiple 10X
Revenue Streams: Membership fee, % per transaction.
Cost structure: HR, Technology, R&D, Marketing.
We follow the freemium model with 4 different levels of membership ranging from free to 1,200USD. We also take % by transaction ranging from 10% to 30%
Money will be spent on
Marketing, Technology, More talented team members, R&D
Offer for investor
Please reach out to me at email@example.com to set up a meeting to discuss in detail. I look forward to connecting with you.
Year 5 EBITDA = 25 million USD Exit multiple = 10X Exit value = 250 million USD Investor Receives 62.5 million USD Return 12.5X IRR 676%