- Country: Philippines
- Industry: Business services, Consulting
- Stage: Initial growth (first revenues)
- Years in operations: 2, Employees: 17
- Investment size: $15,000 / min. $10,000
- ROI: 100% in 1 years
- Type of investment: Debt, Equity
Offshore outsourcing solutions provider located in the Philippines providing business phone support. Funding is needed to strengthen and grow the business.
Products and Services: Remote Professionals and Virtual Assistants
Target Market: Small to medium businesses
Revenue Generation Model: 50% to the remote professionals and 50% to the company, either hourly rate or commission based
Project Justification: The company has been created to provide online support to businesses in an inexpensive way. There are increasing market demands, while the expenses for you to hire a regular employee are enormously expensive. Hiring an RP or a VA who is equally skilled but inexpensive allows your business to compete.
Progress on the project: We have 15 remote professionals and virtual assistants and 2 support employees available. Most of them are working hourly and commission based on current projects.
Project timeline and key milestones: We want to invite more small and medium business clients and provide them our services.
Funding needs: We want to back up for company expenses referring to optimizing visibility on search engines, building strong foundations to compete with big and long-time competitors and getting prioritized slots on freelancing sites.
Offer: ROI is within 6 months plus 25% share for another 6 months
Competitors: odesk.com, guru.com, elance.com, sitel.com. liveops.com
How we are different: We do not have fees on top of the rate for the agents
Advantage is sustainable as long as we have good foundation and are able to get committed clients
Rationale for the deal
The opportunity is big due to the demand of online support.
We will make our company visible on search engines and allow people to see the advantages of doing business with us.
Competitors have sustained their businesses and have grown enormously due to their ability to back up financially and were able to compete and even look up other opportunities because they have enough resources to do so.
I have been in the BPO industry for 6 years. I have the knowledge of the processes and disciplines that competitors have been using.
Use of financing
Funding is for visibility of the company, recruitment of remote professionals, finance back up plans and for online tools.
Reason for financing is mainly to grow and maximize competitiveness.
I am looking for just one round of financing.
Opportunity for the investor
It doesn't matter if the investor is hands on or silent one. ROI will be within 6 months and I will give the investor 25% of the revenue of the company per month for 6 months after the ROI is met.
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