WASHINGTON, April 3, 2017 /PRNewswire/ -- Hire.Bid is announcing the launch of its new professional marketplace. The new platform will improve the way people find and hire high-end professionals and creates the only true on-demand marketplace for talent.
Hire.Bid's proprietary system incentivizes professionals to perform their best for clients and allows those same professionals - even if employed - to make money by auctioning off their spare time. The platform inverses the traditional model where professionals race to the bottom with low bids (and resulting low service), instead allowing clients to bid for the services of high-performing professionals.
"Traditional online marketplaces work well for low-skilled work, where traditional service providers compete with low bids," explains Neil Sandhu, Hire.Bid's founder and CEO. "Our unique patent-pending model, which flips the traditional model on its head, works for hiring the most in-demand professionals, and coupled with our proprietary ratings system, results in a superior marketplace for talent."
Hire.Bid is an open, transparent, more efficient marketplace. Traditional marketplaces often employ a 'walled garden' approach, where the website controls the connecting of professionals and clients, resulting in inefficiencies. Hire.Bid uses a unique model to create a more efficient and transparent market connecting professionals and clients.
The service economy is immensely important to the US economy. In the US, services account for 80 percent of the economy. With such high numbers of professionals involved, traditional marketplaces encourage these workers to bid lower and lower prices to win freelance contracts from clients online. Hire.Bid will change this process, increasing the quality of the experience for everyone involved.
Founder Sandhu, a graduate of the University of Virginia and University of Virginia School of Law, having personally seen the inefficiencies in the marketplace for services, taught himself software development and founded Hire.Bid. He realized that the marketplace experience could be improved by creating a marketplace that harnesses the efficiencies of the internet, while rewarding the best performing professionals, and also creating a true on-demand marketplace for services - instead of clients posting projects, professionals offer their time on auction to be bid on by potential clients.
"Anybody looking to hire a professional for a gig or project, from programmers, to lawyers, to accountants, finance professionals, consultants, and many more will love what we have to offer," Sandhu continues. "Users can test drive professionals without making expensive commitments, and professionals don't have to focus on undercutting rivals."
Hire.Bid, a new professional services marketplace platform based out of the startup incubator 1776 in Washington DC, is announcing its official launch. The patent-pending model inverses the dynamic associated with marketplace platforms by eliminating the race to the bottom in terms of price and uses a unique system to encourage quality service. Founded by CEO Neil Sandhu, Hire.Bid will improve the way people find and hire high-end professionals and allow professional service providers to better leverage and monetize their skills.
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