task rabbit presentation group c
DESCRIPTION
TRANSCRIPT
Task Rabbit
Life is busy. We can help.Group C
Zaid Al Kailani
Nhien Be
Francisco Machado
Fernando Pacas
Rosa Piro
Ana Maria Trebolle
We live in a busy world
Too many things to do, not enough time?
Can’t do the things you enjoy the most?
eBay for errands
Online marketplace to outsource small task
Taskposters Taskrabbits
Service networking: using your online networks to get things done in the real world
Taskrabbit has the solution
Service Networking Industry
Threat of Substitution
Supplier’s Power Buyer’s
Power
Rivalry
Threat of Entry
What is their current strategy?
Who are they targeting?
“Trust, safety and security at the heart of the marketplace” - Leah Busque, Founder of Taskrabbit
Young professionals, busy parents &
corporations
Young professionals, busy parents &
corporations
Stay-at-home moms, students &
unemployed
Stay-at-home moms, students &
unemployed
Where is Taskrabbit present?
Three Main Challenges
How do we lock in customers?How do we create a bigger customer base?
How do we guarantee security in payments?How can we build trust between rabbits and posters?
Which is our most profitable market?Which markets should we expand to?
CustomersCustomers
SecuritySecurity
MarketsMarkets
What can Taskrabbit do next?
2. Offer medium-term contracts between posters and rabbits3. Expand within the United States1. Target specific consumer groups (retirees, students, etc.)
Reasons to expand
High growth stage (34%)
Larger potential customer base
Competitor pressures
Trust building and Brand awareness
Rabbit recruiting
The next step is to EXPAND!
Expansion Implications
Establish a strong presence in the East Coast
Over 50% growth in 2 years
Increase customer lock-in (increasing barriers to entry)
Create word of mouth awareness
Good fit?
Follow us:
Simplify your life
Group C
Zaid Al Kailani
Nhien Be
Francisco Machado
Fernando Pacas
Rosa Piro
Ana Maria Trebolle
References
http://www.theverge.com/2012/7/23/3177860/taskrabbit-13-million-funding-peer-to-peer-labor-market-zaarly-done-exec
http://www.forbes.com/2010/03/02/broadband-wifi-telecom-technology-cio-network-wiredcities_slide_2.html
http://www.city-data.com/ https://www.taskrabbit.com/ http://www.businessweek.com/articles/2012-09-13/my-life-as-a-taskrabbit http://abcnews.go.com/US/taskrabbit-putting-americans-back-work-odd-job-t
ime/story?id=14626495 http://articles.businessinsider.com/2011-12-07/tech/30485014_1_tasks-busi
ness-insider-leah-busque
http://allthingsd.com/20130114/taskrabbit-hires-googles-brown-philpot-in-a-renewed-management-expansion-video/