Vatorx2
Favor For Favor
Location: 246 Roundtable dr, San Jose , California, United States United States
Founded in: 2011
Stage: Alpha (prototype)
Number of employees: 1-5
Short URL: vator.co/favor-for-favor
Followers (4)
Vatorx1

Favor For Favor

Startup/business
San Jose , California, United States United States

“Favor For Favor” is a mobile application, Social network that will benefit an increasing worldwide Trade Culture of consumers who find bartering methods useful.

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Company description

“Favor For Favor” is a mobile application, Social network that will benefit an increasing worldwide Trade Culture of consumers who find bartering methods useful.

“Favor For Favor” is the solution that lets contractors and small business owner get back to basics. Instead of paying cash for the services or products that their business needs, our consumers will trade the services or products they have to offer as Favors to other small businesses or individuals in their community who in turn will have Favor services or products to offer. Everyone wins because everyone has something they can trade as Favors; skills, products, services, or just “stuff” that can be bartered with local small business owners or even individual consumers who have something you want or need. 

 


Team
  • Mathew Taele
    Mathew Taele | Team member
    Born and raised in San Jose , California
Business model

Contractors and small business owners are constantly challenged during these economic times which have now required them both to rethink of ways to generate more consumer traffic and cut the cost on expenses for maintenance services, furniture or tools that are needed to stay up float and active in any competitive market place especially with contractors and small businesses.

 There are two main ways of to increase cash flow - more sales and reduced costs. Barter does both! Barter allows you to pay for what you need, with what you have - allowing small businesses and contractors to preserve working capital for other needs. 

“Favor For Favor” is a mobile application, Social network that will benefit an increasing worldwide Trade Culture of consumers who find bartering methods useful.

“Favor For Favor” is the solution that lets contractors and small business owner get back to basics. Instead of paying cash for the services or products that their business needs, our consumers will trade the services or products they have to offer as Favors to other small businesses or individuals in their community who in turn will have Favor services or products to offer. Everyone wins because everyone has something they can trade as Favors; skills, products, services, or just “stuff” that can be bartered with local small business owners or even individual consumers who have something you want or need.

 Key features of “Favor For Favor” lets consumers do direct and organized trading to help each other in these tough times. This mobile application will be available on all smart phone and tablets to all individuals and business owners who have something to trade: Advertising, Artists, Consultants, Restaurant Owners, Electricians, Plumbers, Painters, Coaches, Graphic Designers, Web Designers, Tax Preparers, Tutors, House Cleaners, Auto Mechanics, Marketing Professionals, Handymen, Landscapers, pretty much anyone who has something in their professional repertoire, their attic, garage or basement worth trading for in the form of a favor!

 

 

Competitive advantage

“Favor For Favor” does not use a Trade Dollar such as our competitors.

Trade Dollars are a medium which is used as a cash currency for items or services exchanged by two parties.

For the moment, our competitors are located primarily on the web, not mobile markets.