—
no predictions resolved yet
0 pending · 0 expired
We have guaranteed premium placement.
We do a revenue share with them. Um, and we always appear, which is nice. You don't have to deal with the SEO competition.
As of yesterday they temporarily suspended the implementation because of some technical issues.
we have a deal now with Yahoo and of course you know we're very interested in working with the other two players as well um on integrating Red Beacon into their search experience.
you'll pay them directly. Um and the reason is because a lot of times we find with our the nature of our types of services um the prices will change. And so let's say you're having your roof repaired or you're having a hot water heater installed and they like come up with something else that needs to be done. So then what'll happen is um one side or the other will report the final price paid at the end of the job and we'll adjust what we charge them.
the basic verification is something that we're considering just covering. It's it's essentially uh making checking the National Sex Offender Registry and uh just making sure that they are who they say they are. If you want to go and do like the detailed like county records checks where some guy is actually digging it up and verifying their licenses and their local kind of criminal past, um that's a little bit too expensive to cover, but I would think that the basic verification is is uh probably
we actually don't make any money on that. We just pass our costs that we've negotiated on to the provider. Um the basic verification is free. Uh all they have to do is offer us their credit card number and then we can verify their identity. Um if they want to do a little bit more in depth criminal record check, sex offender, etc. um they give us their social security number and we charge them there's a couple of tiers but basically $10 um to uh to do the verification and then we show that badge
we said why don't we you know protect the consumer's privacy not share the information but just share the job details and the zip code and if the business is interested they'll bid on it and at that point if you select them then we share the contact info and we take a 10% commission on the value of the job from the service provider.
We wanted to only bring back five that what we think are the four or five best quotes. Think of it as the solving the paradox of choice problem because no one else if you're browsing you don't know if that service provider is going to be available. You don't know if they're interested in your job. You don't know how much they're going to charge you. And so at that point you're doing the same amount of work you were doing when you were just using the telephone and calling local businesses. We wan
by the way we don't have something with Google right now.
It's like Google is like the rulemaker and then everybody else tries to play within their rules.
our average is five. I think it's because you know this job came in late last night and it's in a city that we haven't launched in.
After four quotes, our schedule rate doesn't go up anymore. The percent of jobs that get scheduled do not increase when you get more quotes.
people are saving an average of 40% by using Red Beacon already which is almost the same as Groupon is offering from their their daily deals.
we raised seven and a half million
our burn rate is really low right now.
we have a team of about 15 14 15 people right now. Um, six phenomenal engineers, a great UI designer, and the rest more on the kind of the business and customer service side.
we had multiple term sheets. We're really fortunate in that regard. Um, amazingly the market had really started to pick up right as we were raising.
Red Beacon is a way to find local services online. And the way it works is you request any kind of everyday local service. It could be a maid, a carpet cleaner, a plumber, electrician, a mover, painter, massage therapist, anything you can think of pretty much. You come to our site, you request the service, and then um our very sophisticated algorithms will find local businesses that we think are qualified to do the job. We'll invite them to quote on it and you'll receive on average about five qu