people4business Ltd
Location: The Forum 277 London Road, Burgess Hill, RH15 9QU, United Kingdom United Kingdom
Founded in: 2006
Stage: Revenue generating
Number of employees: 6-15
Profitable year: 2009
Short URL: vator.co/people4business-Ltd-UK-based-online-marketplace-for-the-Buyers-and-Sellers-of-freelance-contracting-and-consultancy-services
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people4business Ltd

UK based online marketplace for the Buyers and Sellers of freelance, contracting and consultancy services
Startup/business
United Kingdom United Kingdom United Kingdom
http://www.people4business.com
About
Company description
 

www.people4business.com is an online marketplace for the Buyers (businesses) and Sellers (freelancers, contractors and consultants) of professional services.

Registration is free for both Buyers and Sellers and People4 generates income from applying a price-transparent margin of 10% on top of the Seller's chosen rate. The inclusive rates are displayed against all Sellers on the site and there are no additional charges levied.

Buyers search for, shortlist and contact Sellers with the skills they require and People4 also manage all the contracts, timesheets, invoices and payments that result from each transaction.

Buyers gain from a low-cost marketplace for recruiting contract staff.

Sellers gain from free marketing for their skills and guaranteed payment for every hour worked on a People4 contract.

Team

Duncan Taylor (MD at People4) - previously Technical Director within B2B Publishing industry.

Phil Lowe (Chair at People4) - previously CEO within publishing software company.

Martin Nice (IT Director at People4) - specialist search engine developer within Publishing industry.

Business model

Buyers and Sellers register for free.

Seller determines the rate per hour they wish to be paid

People4 uplift the Seller rate by a flat margin of 10% and the uplifted rate appears on the site against each Seller's details.

Contracts are awarded through the site electronically and when a Seller gains a contract they enter the hours worked on an electronic timesheet. The Buyer confirms the hours and People4 use this information to invoice the Buyer and pay the Seller.  

Competitive advantage

Low-cost marketplace solution for freelance, contracting and consultancy recruitment.

Efficient electronic processes for contracts, timesheets, invoices and payments.

Free registration for Buyers and Sellers.

Sellers gain from guaranteed payment for all hours they work.