Qjob starts search for franchisees

Budapest has developed into a thriving tech hub, attracting a large number of digital entrepreneurs. Qjob is one of the creative Hungarian native companies to watch out for in 2021. Qjob is an innovative marketplace portal that links freelance labor with local demand, enabling customers to obtain quick assistance, similar to the likes of Upwork, Fiverr, and Taskrabbit. In this manner, you can rapidly locate a reputable expert for up to 40% less than current market rates.

The founders sought to develop a way to identify specialists for everyday activities that an average person may need. They wanted to do away with the needless middleman of contracts and subcontracts. As a result, the work would be finished on the same day.

A user may have within the same profile both a customer and specialist status. Customers may use the site to propose projects or tasks based on problems they want to solve. Professionals who have registered for a certain category will be notified of newly posted assignments. Customers will then get quotes from professionals within 10 minutes after submitting the job. Experts will identify their abilities and conditions, and then the client can choose an expert for the job.

The specialist closes the job on the page after it has been completed. The client acknowledges that the job has been done then both parties mutually rate each other. This rating is published in the user's profile, and the value is incorporated in their ranking based on an algorithm. Qjob does not charge a commission or any other additional fees. They use a subscription model, which means that specialists must pay a monthly fee to take on a task.

The service has been operational in Hungary since January 2020, with 20,000 customers registering on the site in only 9 months. Qjob's creators want to speed worldwide expansion by enlisting franchise partners. Partners may choose to buy rights to operate in a particular city, or even an entire nation. Robert Kaszó, co-founder of Qjob tells us, “We launched the website in January 2020, and we have seen significant growth since January of this year. We also have a fully functional website in Bulgaria right now. Our Czech and Romanian websites are ready to be launched in about a month. For the time being, we want to focus on Central and Eastern Europe, therefore we're seeking franchise partnerships.”

Such an online marketplace for professionals is not a novel concept; several successful versions exist, such as TaskRabbit in the United States and YouDo in Russia. According to current survey data, only around 5-7 percent of households today use the internet to do errands, but this is increasing due to the pandemic. This suggests that professional markets have a lot of potential to expand.

“We can see that the market is still very wide. There isn't enough competition, and there isn't enough awareness of such services," Mr. Kaszó added. "Investors believe the idea is very promising, in the sense that the competition is small. Furthermore, the service that we are monitoring indicates that the competition only accounts for 5 to 10% of the whole market. As a consequence, it opens up tremendous opportunities for us and our business partners to grow in the market," he said. 

FRANCHISE UNITS

Company owned units:

• 1 in Hungary

SUPPORT FOR THE FRANCHISE

1. Technological solutions

Daily support work with Qjob’s self-developed marketplace. Thanks to the integrated admin interface, you get up-to-date information about business processes.

2. Growth and Brand

It is a dynamically developing online business with technical start-up features, based on the needs of a changing age, teleworking and secure communication.   

3. Marketing

Qjob's marketing activities are characterized by strong network communication and local PR activity.

4. Education

The headquarters provides step-by-step instructions on how to build a successful marketplace, tailoring practical solutions to local needs.

5. Business solutions

In Qjob’s network, they pay special attention to conscious business planning, aided by an internal design program.

BASIC NETWORK REQUIREMENTS

Qjob's franchise idea provides a solution for anybody seeking to launch their own IT start-up with a tried-and-true business model. It must be launched in a city with a population of at least 200 thousand people. Franchisees should be ready to make a long-term business partnership commitment and have an attitude that is active and agile. At least 2-4 hours of free time and a basic understanding of English is required.

Key Figures

Franchise Fee: EUR 0.

Total investment: EUR 50.000.

Tech Fee: EUR 600-1000 per month.