Weigh the Need to Build an Online Marketplace like Taskrabbit

Let's find out how TaskRabbit App matches the demand with supply and enables people to manage their busy schedules parallelly!

Mobile applications are gorgeously minimal and well-designed that does exactly what it's supposed to and no more. Not specifically for Taskrabbit but almost 85% of (mobile) users make requests using their mobile phones. Everyone seeks good service in real-time. With the increase in mobile usage over the years, TaskRabbit's on-demand offerings have become diverse and have included tasks on daily essentials to home repair and deliveries.

What purpose does an app like Taskrabbit resolve?

On-demand apps like TaskRabbit fill the gap between the existing demand and supply. Making people satisfied with work as well as with their lives, TaskRabbit gives them ample chance to devote their precious time in most essential tasks, attend people who are on priority list, focus on daily chores – basically the tasks that people mostly leave unattended, and they are by and large left pending unintentionally or intentionally. At this point, the need to have someone who can cover up such tasks for us on-demand would make up a popular and effective use case. TaskRabbit behaves and functions in the same way.

It is a popular business app that helps people find the best person to handle their tasks, at a single click. It works to allow consumers find immediate help with everyday tasks like cleaning, delivery, logistics, moving, handyman work, Event Planning, Event Staffing, Personal Assistant, Entertainment, Furniture Assembly, Heavy Lifting, Minor Home Repairs, Moving Help, Organization, Accounting, Arts / Crafts, Automotive, Computer Help, Carpentry & Construction, Cooking / Baking, Data Entry, Decoration, Deep Clean, Electrician, Errands, Graphic Design, Laundry and Ironing, Marketing, Office Administration, Mounting, Packing & Shipping, Painting, Pet Sitting, Plumbing, Research, Photography, Selling Online, Sewing, Shopping, Usability Testing, Web Design & Development, Videography, Wait In Line, Writing & Editing and Yard Work & Removal etc. (There can be many more on-demand tasks according to requirements that TaskRabbit handles)

TaskRabbit Salient Features

The most important ones:

• It saves time, effort and money to go into the actual marketplace and search for helpers
• Easy to get help from reliable people with a known identity
• The app ensures that the Tasker has a reliable background
• Insurance
• Cashless payment
• Advanced Search Options
• Social media sharing options/ Social Sign in
• Allow finding local jobs in and around the neighborhood
• No schedule job, work at your own comfortable time
• Get Instant wages
• Email Messaging System
• Multi-Currency and Multi-Language
• Private Messaging System

TaskRabbit Business Model: How the demand vs. supply gap is settled?

TaskRabbit monetizes by deducting some part of the transaction as its service fees (approximately 15%) which is the only way TaskRabbit earns till now. There, are two customer touch-points which forms the axis of TaskRabbit's services. These are Taskposters and Taskdoers:

TaskPosters

Consumers who wish to outsource some errands can post their requirements on TaskRabbit's platform. Available taskers (or task doers) contact them via TaskRabbit platform. Payments can be done via the app after successful completion of the task.

Taskdoers (Taskers)

Anyone who is underemployed or requires a job can make some extra money by signing up to be part of TaskRabbit. The background of the task is checked, interviewed and quizzed to get selected as a Tasker.

Revenue Stream

• Communication on each transaction

Cost Structure

• Technological setup running costs
• Salaries to permanent employees
• Social and community activities

Key Partners

• Taskposters (people who post the tasks)
• Rabbits (people who accept the tasks)
• Investors
• Payment processors

Key Resources

• Local task posters
• Efficient and skilled TaskRabbit
• Technology

Channels

• Website
• Mobile app for Android and iOS

Cost Structure

• Technological setup running costs
• Salaries to permanent employees
• Social and community activities

Customer Relationships

• Customer service
• Social Media
• Promotional offers and activities
• Task insurance up-to $1,000,000

How TaskRabbit works?

Taskposter posts their job requirements on the TaskRabbit portal. Later suggests names of the contractors along with their hourly rates (based on their experience level). Taskers can accept and cancel the jobs as suitable. As soon as a job is completed, the app processes the payment.

TaskRabbit Alternatives

• Gentack
• Quickrabbit
• OnDemandHero
• Taskrobo
• Sciden

Cost to Build an App like TaskRabbit

The cost to build a mobile application as Taskrabbit ranges from $15,000 to $30,000 (depending upon the OS). This app is scalable and including more modules to increase functionality in the future can add up to the cost. These features can be Facebook messenger BOT, reviews & ratings, changes to an integrated payment gateway to increase mode of payment, Recommendation algorithm, dedicated panel for job bidders & job providers, Bidding algorithm, Admin panel backend and likewise.

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