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Vasanth Vara

Hey I am on Medial • 1y

Hello, I’m Vasanth. I have a startup idea where I glad to receive your insights about the idea please feel free to share your comments. Idea is to develop an innovative platform designed exclusively for skilled laborers in the construction industry.

Sandesh K R

Technical Designer a... • 1y

Hi Vasant There is a platform on similar line. My POV is definitely TAM is very small. But what's is the revenue model, if it is pre - paid model as in contractor / labour has to pay to get the contacts - very difficult to survive because labour ca

Vasanth Vara

Hey I am on Medial • 1y

Hello sir, thank you for your insights. 1. Regarding the revenue model, to be honest I have no idea where I could generate revenue on this idea. But on discussion with my friends I had a picture of doing it in this way: You being a company gng to close a contract with the builder I have suggested so the revenue for this idea is based on contract basis. Let’s say the builder is closing contract at 49lakhs, since we the platform made this contract to get done at that price we are going to charge on this contract closure basis which is gng to be our revenue. 2. Training labourers - Sir, tbh when Uber, Rapido, Ola had arrived have ever seen an auto driver with smartphone before these gigs entered into the market? But eventually drivers made a habit of learning on self basis or campaign Connection basis (Ex: Uber connections, a bike with a banner stands to connect people who want to start bike services right!) which we can see on road even today.

3 Replies

Replies (3)

Sandesh K R

Technical Designer a... • 1y

Hi Vasant, I didn't understand these contracts closure thing, possible to explain bit? But my understanding is end of the day your platform works as a third party labour contractor, correct me if I'm wrong, If that's so you'll have to be the coordinator until the project gets completed, you'll have to be the bridge between labour and the builder. If either of them get the contact before the contract closed they no more need the platform, they can contact each other without the platform. Uber example is very great, but the thing with uber is the driver gets multiple rides in a day, but in your platform he'll need to use once or twice until he finds the builder and might not need to use until the project gets over, might take years. That is what I pointed out there is no reccuring business. It's totally dependent on the number of new users everyday

1 Reply

Sandyp Mohanty

NxtBxtDefendX • 1y

Good ideation. Work on it and grab the opportunity. Hurdles in a business exist but founder has to Crack it. That's the execution and management process and be a so called Business Legacy. If any issue or suggestion connect to me for further assistance.... This message dedicated to Mr Vasanth Vara. Thanks

Vasanth Vara

Hey I am on Medial • 1y

Continuing… Also those are the people who are most active on social media as of today. Coming to loyalty point… For every closur of contract there will be an agreement which will be followed by every company. Coming to recurring, Sir we are closing contracts for the builders who are not having any contracts, so Contracts might be at different locations, eventually they will be flow of contracts on different locations for different builders.

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