TechReturn Platform: Business Plan for a Freelance Marketplace in KSA

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Added on  2023/06/10

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AI Summary
This business project details the TechReturn platform, envisioned as a software and freelance marketplace connecting clients with IT professionals in Saudi Arabia. TechReturn aims to provide a convenient platform for freelancers to increase their income and for clients to access specialized software development and consultation services. The project outlines the platform's role, revenue generation, and competitive landscape, emphasizing the importance of flexibility, quality, and trust. A marketing plan focuses on client feedback and ratings to improve service quality. The products offered include a wide range of software solutions and IT services, catering to diverse client needs. The target market is Saudi Arabia, where there's a growing demand for online freelance services. Key success factors include understanding local business regulations and building trust with both freelancers and clients. Desklib offers similar solved assignments and past papers for students.
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Running head: TECH RETURN PLATFORM
TECH RETURN PLATFORM
Name of the Student
Name of the University
Author Note
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TECH RETURN PLATFORM
Purpose of the business project:
The main purpose of the business project is to understand the freelance used by the IT
platform TechReturn. TechReturn will act both as platform and software market. TechReturn
will people to develop the skills and ability for fulfilling the demand or can ask the custom
software in order to fulfill the demands from next end (Schwartz, 2018). This business idea will
increase the employment rate over the Saudi Arabia state. This project is based on for creating
job opportunities through online, so that they can income without any physical disturbance. In
addition, they need to agree on the requirements to deliver and finish the demand made by the
requester. This will create job opportunities and will also increase the productivity for the
freelancers (Johnson & Wilcke, 2015) .
Business Description:
Role of TechReturn Platform:
TechReturn is going to be a simplest and convenient way for a freelance business, allows
anyone to work with them in order to increase their income, and can work freely while
continuing to their official job by requesting to the TechReturn platform. Moreover, from the list
of freelance in the platform one can choose anyone and can start further process including
negotiation for a price. This is quite easy, only the clients need to do is, post the job that is
required to be done and with this bidding will start from freelancers within minutes (Heise,
2018). Does not matter what the demand is the freelancer will get it done anyhow, starting from
mobile app development, web design, virtual products, product manufacturing, graphic design
and many more. TechReturn will thus create various opportunities for the IT employees.
According to the specialization , the freelancer will get projects from the clients and will
efficiently deliver the project within the given deadline. For this they will get paid directly .
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TECH RETURN PLATFORM
TechReturn is fully dependent on people who joins and are subscribed with this platform. In
future TechReturn can also expand the business by appointing head for each department, so that
the work done can be managed smoothly. This will attract the customers and many people will
love to work with this platform.
Matching with the demand
Advertisement will attract new customers and will bring suppliers who will revenue
provide revenue towards this platform. The customers will be updated towards these freelancing
platforms through advertisement. TechReturn platform will provide maximum opportunities in
order to meet the demand in the market. The IT expertise will get a platform on which they will
be able to highlight their talent. They will earn according to the work they did. Thus, every IT
expert will work efficiently to fulfill the demands of their clients.
Revenue for TechReturn
The revenue will be generated from the clients, as the clients will pay for the work done.
Once the customer makes the payment, then only the work will get started and they will get
works done based on the money they have given.
Competitors
The competitors are the one who are offering same freelancing opportunities in these
platforms. Several sites offer the same. To beat their competitors, they need to provide better
facility and flexibility towards their clients. As a CEO, several measures can be suggested
towards the TechReturn in order to increase the revenue and to attract more customers. These are
as follows:
1. Flexibility should be maintained
2. In case of further changes required by the customer should be done by the freelancers
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TECH RETURN PLATFORM
3. Clients should get orders within the deadline provided by them
4. The money transaction should be safe
5. Should gain trust of their clients
Marketing Plan
The marketing plan for the TechReturn platform is to discover a way that will meet the
goal and will attract the customer. The main profit is that no one is bound to work with the same
organization. Whenever he feels like moving to other company in the freelancer, they can easily
move. Marketing provided by the freelancer is independent based on work and clients. This
marketing plan includes, an area where the clients will be able to rate the works done by the
freelancers. The client is also allowed to give the feedback of their work. This will help the
freelancer to improve on their works and in future, this will help them in obtaining projects from
their clients.
Products for the business project:
The main aim of the proposed freelancing techreturn is to provide their companies with a
wide range of freelance search. This will provide customer with different variety of effective and
efficient software’s , so that they can utilize it while working with the freelance. There are many
products available in the fields of IT freelancer. This product is different and new, as it will open
a variety of job opportunities for viewers and every employee will able to find their
specialization-based job. The IT freelancing will include gaming, chatting, website creation and
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TECH RETURN PLATFORM
many more. This provides a huge range of projects according to the skills the person possess
(Burke & Cowling, 2015).The main focus for the proposed framework is that, one need to search
properly about the details. If an individual is quite confident and competitive in the filed the
person has expertise, than this is the best way to showcase the abilities and talent to the clients.
Products market
This product will hold a great market , as they not only provides job to many unemployed
people but also helps the people who wants to be their work done urgently without any delay. In
this freelance , TechReturn will also provide secure payment and provides thousands of
professional to choose from the TechReturn (Wynn, 2015). In order to analyze the market of
Saudi, it has been known that there are big requirement by both sides. For this matter, Techreturn
would initially start to open business in Saudi Arabia nation.
The reason this approach will attract huge business in the market , as this is most simplest
and easiest way to get the work done online. The features that will attract people:
The client is needed to pay only when work is done and once the clients feel 100%
satisfaction with the work .
The client will receive free bids from all the talented freelancers over the world within
few seconds.
TechReturn is always there to help whenever needed. The support for the client is
available 24*7.
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TECH RETURN PLATFORM
Customer for the TechReturn
TechReturn will attract the customers who are interested in joining the platform. They
will be required to subscribe with the platform for getting the access to their type of jobs.
TechReturn will take orders from their customers and will response accordingly (Arnett, 2017).
This are basically the one who are in need with the work done .The main motive of the
TechReturn is to attract all type of people by providing people with huge category, so that they
can work according to their choice and will earn on the basis of the requirements. It freelancers
includes many departments with graphics, development of software and many more.
Information needed to start the business
The legal procedure required for starting a business in Saudi Arabia – The legal
procedure required by the TechReturn should include the following steps:
1. TechReturn should have a good knowledge of the region (Gold & Mustafa, 2013).
2. TechReturn should be aware of the terms and condition of the state and should have done
extensive research before entering the sector.
3. A better plan might attract the attention of the government and local people.
According to the law, TechReturn must have a domestic partner who will hold similar
interest towards the company (Leclercq-Vandelannoitte & Isaac, 2016). Once the TechReturn is
registered, they need to show the Ministry of Commerce that, the freelancers holds a massive
sum of money to invest.
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TECH RETURN PLATFORM
Business size in the marketing position – TechReturn should also focus on the size of the
business. They will need the information about the market and needs to create the product as
such , so that it becomes feasible for the market .Also, the government will further how to
authenticate the people are in the freelance so that there does not arise any case of fraud in the
future (Moriset, 2013). It is equally necessary to know about the size of the business, how much
capacity and capital it will require for gaining profit with the emerging trend.
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References:
Arnett, A. A. (2017). # EbonyOwes points to deeper industry troubles. NABJ Journal; Official
Publication of the National Association of Black Journalists (Online), 16-19.
Burke, A., & Cowling, M. (2015). The Use and Value of Freelancers: The Perspective of
Managers. International Review of Entrepreneurship, 13(1).
Gold, M., & Mustafa, M. (2013). ‘Work always wins’: client colonisation, time management and
the anxieties of connected freelancers. New Technology, Work and Employment, 28(3),
197-211.
Heise, L. (2018). Precarity and Asymmetries in Media Production: How Freelancers Experience
their Working Conditions as Users of Coworking Spaces.
Johnson, M., & Wilcke, C. (2015). Caged in and Breaking Loose: Intimate Labor, the State, and
Migrant Domestic Workers in Saudi Arabia and Other Arab Countries. Migrant
Encounters: Intimate Labor, The State and Mobility across Asia. Philadelphia, PA, 135-
59.
Leclercq-Vandelannoitte, A., & Isaac, H. (2016). The new office: how coworking changes the
work concept. Journal of Business Strategy, 37(6), 3-9.
Moriset, B. (2013). Building new places of the creative economy. The rise of coworking spaces.
Schwartz, D. (2018). Embedded in the Crowd: Creative Freelancers, Crowdsourced Work, and
Occupational Community. Work and Occupations, 0730888418762263.
Wynn, M. (2015). Organising freelancers: a hard case or a new opportunity?. The Handbook of
Research on Freelancing and Self-Employment, 93-103.
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