South Africa - Startup under 3 years old

Décrivez votre projet en quelques mots

Arbitrex is an app that gives people customers. On this app, people can post the services they are looking for and the prices they are willing to pay. Also, sellers can also see what buyers are looking for and they can contact the buyers to sell to them.

01.01 Décrivez votre startup en détail

As mentioned before, Arbitrex is an app that gives people customers. It is a reversed marketplace. Instead of sellers posting the products and services they are selling, it is buyers who post the services they are looking for and the prices they are willing to pay. This means that this app consolidates buying requests into one place as users post what they are looking for and the prices they want to pay for those services. Currently, products and services wanted by buyers on the app amount to R2.8 million rands. The key features of Arbitrex include: Posting Requests: Users can create posts detailing the services they are seeking, along with the price they are willing to pay. They can add a description, location, and contact information, as well as an optional photo for better clarity. Browsing Requests: Users can view posts from buyers, displaying various requests and the corresponding prices offered. This feature allows users to find potential customers

01.02 Quel est le problème principal que vous essayez de résoudre ?

The main problems I am trying to solve are: Difficult customer acquisition for sellers: It is not easy for sellers to identify who may want their products and services at a specific time, making it difficult to find customers. Time-Consuming Search Processes Related to buying: The process of searching for service providers or products can be time-consuming and inefficient, requiring customers to browse multiple websites and compare options. Inflexible Service Offerings: Many service platforms have rigid categories and predefined packages, which may not align with the customer's specific needs. Lack of Transparency in Pricing: Customers often struggle with the opaque pricing structures of traditional service providers. They may receive varying quotes for the same service, leading to confusion and frustration. Geographical Limitations: Customers may struggle to find local service providers or sellers, leading to higher costs and delays.

01.03 Dites-nous quels sont les principaux avantages et/ou bénéfices de l'utilisation du produit/service fourni par votre startup (au moins 3).

With Arbitrex, there is: Increased Visibility of Buyers: By allowing sellers to see what buyers are looking for, Arbitrex increases the visibility of buyers’ requests. This can help small businesses and individual sellers get access to customers and compete more effectively in the market. Empowerment: Customers have control over pricing and service specifications. Reduced Search Costs: Buyers no longer have to spend time scouring multiple platforms or websites to find what they're looking for. Arbitrex consolidates buying requests in one place, making it easier and more convenient for buyers to find the products or services they need. Improved Customer Satisfaction: Buyers are more likely to find exactly what they're looking for on Arbitrex, leading to higher levels of satisfaction with their purchases. This can result in repeat business and positive word-of-mouth recommendations, benefiting sellers in the long run.

01.04 Veuillez décrire précisément à qui s'adresse le produit/service de votre startup. Quels sont les bénéficiaires visés ?

Busy Professionals: These individuals often require assistance with errands, professional services, and daily tasks. Small Business Owners: They need help with business services such as marketing, administrative tasks, and customer service. Everyday Individuals: This segment includes anyone needing household services, personal tasks, or occasional help.

01.05 Quand votre entreprise a-t-elle été créée ?

01/05/2023

01.06 Vendez-vous déjà votre produit/service ?

Oui

01.07 Combien y a-t-il de propriétaires de votre entreprise en plus de vous ?

0

01.08 Parmi les autres propriétaires, combien sont des femmes ?

0

01.09 Veuillez décrire le profil des autres propriétaires de votre startup (compétences, expérience, etc.).

Not Applicable

01.10 Si vous avez un site web, une page sur les médias sociaux (Facebook, Instagram, Linkedin...) ou une application, veuillez fournir le(s) lien(s) ici :

https://play.google.com/store/apps/details?id=com.arbitrex.arbitrex

01.11 Quel est le secteur d'activité qui décrit le mieux votre entreprise ?

Technologies de l'information (services numériques, équipements et logiciels)

02.01.01 Ma startup contribue à l'objectif 'Pas de pauvreté'

7 - tout à fait d'accord

02.01.02 Justification de la contribution de ma startup

By enabling people to find paid tasks easily, Arbitrex offers opportunities for individuals to earn money. This can be particularly beneficial for those in low-income areas or those who are unemployed, as it provides an additional or primary source of income. Also, the app allows people to choose tasks that fit their schedules and skills, making it accessible to a wide range of users, including students, part-time workers, and individuals with other responsibilities.

02.02.01 Ma startup contribue à l'objectif 'Faim Zéro'

6

02.02.02 Justification de la contribution de ma startup

As people get access to income generation opportunities on the app, they can generate income enough for them to purchase food.

02.03.01 Ma startup contribue à l'objectif 'Bonne Santé et Bien Être'

5

02.03.02 Justification de la contribution de ma startup

Financial wellbeing as a result of getting customers at Arbitrex leads to overall wellbeing.

02.04.01 Ma startup contribue à l'objectif 'Éducation de Qualité'

4

02.04.02 Justification de la contribution de ma startup

02.05.01 Ma startup contribue à l'objectif 'Égalité entre les Sexes'

6

02.05.02 Justification de la contribution de ma startup

Because there is increased visibility of buyers on Arbitrex, male and female people can both get access to income generation opportunities.

02.06.01 Ma startup contribue à l'objectif 'Eau Propre et Assainissement'

3

02.06.02 Justification de la contribution de ma startup

02.07.01 Ma startup contribue à l'objectif 'Énergie Propre et Abordable'

3

02.07.02 Justification de la contribution de ma startup

02.08.01 Ma startup contribue à l'objectif 'Travail Décent et Croissance Économique'

7 - tout à fait d'accord

02.08.02 Justification de la contribution de ma startup

Job Creation and Economic Opportunities: By allowing users to post and take on tasks, Arbitrex creates numerous job opportunities across various skill levels and sectors. This can reduce unemployment rates and provide income sources for those who might otherwise struggle to find traditional employment. Inclusivity and Accessibility: The platform's accessibility via a mobile app ensures that a wide range of individuals, including those in remote or underserved areas, can participate. This inclusivity helps bridge the gap between different socio-economic groups, promoting equitable economic growth. Flexibility and Work-Life Balance: Arbitrex allows users to choose tasks that fit their schedules and capabilities, promoting a healthier work-life balance. This flexibility is particularly beneficial for individuals who need to juggle work with other responsibilities, such as education. Skill Development and Empowerment: Users can take on diverse tasks that help them develop their skills.

02.09.01 Ma startup contribue à l'objectif 'Industrie, Innovation et Infrastructure'

3

02.09.02 Justification de la contribution de ma startup

02.10.01 Ma startup contribue à l'objectif 'Réduction des Inégalités'

7 - tout à fait d'accord

02.10.02 Justification de la contribution de ma startup

Access to Opportunities: Arbitrex provides a platform where individuals from diverse backgrounds can access economic opportunities. This inclusivity helps reduce disparities between different socio-economic groups, enabling those who might not have traditional job opportunities to earn an income. Global Reach: The app can be accessed by users worldwide, facilitating cross-border economic activities. This connectivity allows individuals in less developed regions to offer services to clients in more affluent areas, promoting a more balanced global distribution of wealth. Skill and Income Diversification: By enabling users to perform a variety of tasks, Arbitrex helps individuals diversify their skills and income sources. This diversification can be particularly beneficial in regions where economic opportunities are limited, providing alternative means of livelihood and reducing dependence on a single employer. Lastly, Arbitrex promotes the empowerment of marginalized groups.

02.11.01 Ma startup contribue à l'objectif 'Villes et Communautés Durables'

4

02.11.02 Justification de la contribution de ma startup

02.12.01 Ma startup contribue à l'objectif 'Consommation et Production Responsables'

4

02.12.02 Justification de la contribution de ma startup

02.13.01 Ma startup contribue à l'objectif 'Lutte contre les Changements Climatiques'

3

02.13.02 Justification de la contribution de ma startup

02.14.01 Ma startup contribue à l'objectif 'Vie Sous-Marine'

3

02.14.02 Justification de la contribution de ma startup

02.15.01 Ma startup contribue à l'objectif 'Vie Terrestre'

3

02.15.02 Justification de la contribution de ma startup

02.16.01 Ma startup contribue à l'objectif 'Paix, Justice et Institutions Efficaces'

3

02.16.02 Justification de la contribution de ma startup

02.17.01 Ma startup contribue à l'objectif 'Parteneriats pour la Réalisation des Objectifs'

3

02.17.02 Justification de la contribution de ma startup

06.01 Un grand nombre de clients utilisent déjà un produit/service très similaire au nôtre.

4

06.02 Notre produit/service représente un type de produit/service entièrement nouveau

4

06.03 Notre produit/service pourrait être décrit comme une nouvelle technologie

6

06.04 Notre produit/service est une amélioration d'un produit ou d'un service existant

7 - Tout à fait d'accord

06.05 Notre produit/service pourrait être décrit comme une extension d'une gamme de produits ou de services

7 - Tout à fait d'accord

06.06 Notre produit/service répond à une demande ou à un besoin qui n'a pas été satisfait par d'autres produits/services.

6

06.07 Notre produit/service est une nouvelle version d'un ancien produit/service

4

06.08 Justification

1. User-Driven Pricing Unlike traditional marketplaces, where prices are often set by sellers or service providers, Arbitrex empowers users to determine the price they are willing to pay for a service. This approach flips the conventional pricing model on its head, giving buyers more control and clarity over their expenditures. This feature directly addresses the common pain point of opaque pricing structures, ensuring transparency and reducing the frustration associated with variable quotes. 2. Direct Communication Arbitrex facilitates direct contact between buyers and sellers. By charging a nominal fee of $1 per month for sellers to communicate with buyers, Arbitrex ensures an affordable and straightforward revenue model. This direct interaction streamlines the transaction process, eliminating the middlemen often found in other platforms and fostering clearer, more efficient communication.

06.09 Analyse compétitive

My main competitors are Fiverr and Task Rabbit. What makes me stand out from them is that instead of sellers posting what they offer, buyers are the ones who post what they require and the prices they are willing to pay, thus consolidating buying requests into one place. On Fiverr however, there is a database of sellers not buyers.

11.05 Menez-vous des actions au sein de votre communauté pour promouvoir le rôle des femmes entrepreneurs ?

Yes, I am one of the facilitators of a project called Build In A Box which is a project founded by the African Leadership Academy and the Educational Foundation Project Management Institute. BUILD-in-a-Box is a two-day entrepreneurial leadership camp that ignites the potential of African youth. Held during the summer break (June to August) across various African countries, these camps provide a transformative experience for participants aged 16 to 19, which also include females.