Malaysian services-based market for concert economy jobs – Wired PR Lifestyle Story

[This is a sponsored article with Task2Bid.]

Unemployment rate in Malaysia an average of 4.5% By 2021, after many pandemic incidents. Although it seems to be gradually settling down, there is no denying that it is still a dire situation for many, especially compared to the 2019 unemployment rate. 3.31%.

Due to the pandemic, the white flag movement was heavily supported to provide basic necessities to the unemployed, but some aspects were focused on recovery. The term recovery refers to initiatives to empower the unemployed to re-earn income through jobs.

Granted, Malaysia already has many sites that offer such services, but Mugheel and his team still saw a gap that could be fixed.

they pointed out that there is no one customer-to-customer (C2C) service market, talents and experiences that individuals can freely request and offer in a variety of sectors.

With the strong belief that this could make a difference, it was developed and launched Task2Bid Early 2020.

So how does it work?

Since Task2Bid is aimed at the low-income community to help the pandemic survive and survive, the team has made it fairly easy to use the app.

There is no training fee for the gig staff involved to check and start performing tasks, and there are not many limits to what tasks can be requested (except for all types of illegal activities, of course).

So no matter if it’s a high-skilled or low-skill task, every user has the same opportunity to find something for themselves.

Examples of tasks posted in the app can be anything like copywriting and video editing, watering someone’s garden for a weekend, or helping a family buy food.

Task2Bid divides its users into 2 categories: Applicants and Authors. As their name suggests, it is the applicants who put in the tasks, and the Authors do them.

A user can also be both at the same time performing someone else’s tasks while someone else can fulfill one of their requests.

Make an offer for a balanced agreement

Here’s where Task2Bid is more interesting as an economic concert venue. You may have noticed the word “offer” in the name of the app, and in fact, bids are a key feature of the app.

But why make an offer? To Mugheel and his team, it’s a balanced way to make sure both parties are completely happy with their organization.

Applicants can propose a quote for a specific task, and interested Authors can bid on the list. In making a bid, the Authors explain why the person is suitable for the job, and may propose their own adjusted budget, which may be smaller or larger than that of the bidder.

Say, if I see an applicant who is willing to pay RM100 for writing SEO content, I can choose to do it for 95 RM or try my luck with 110 RM.

Of course, if I were to bid for a higher salary, I would have to make sure that I have the skills to protect my claims.

It is then up to the Applicant to select another Author who attracts me or me the most.

“Before assigning a job, the applicant must verify the Author’s background on his / her public page (e.g., previous assignments, assessment, review, vaccination check, skills and talents) and communicate with the Author via the questions section (open forum). Each task) , “Mugheel added.

Once a doer is selected, both parties may have access to personal contact information with each other to work on their organization.

Another level of security is that any payment made to a Doer does not go away immediately. Task2Bid withholds the trust payment to ensure that both parties are protected from fraud, and when the task is properly completed, payment will be made to the Author.

In addition, the applicant is protected by Task2Bid’s partnership with Allianz, which covers liability for property damage to third parties.

Upon completion of the assignment, the applicant may evaluate the Author, helping the developer to develop Task2Bid’s reputation and reliability.

Applicants and Authors can register for free on Task2Bid, and there is no charge for listing a task. However, if a task is assigned to an author, Task2Bid will take a certain percentage, starting at 10%, and will automatically change it based on an algorithm that measures Allianz’s specified task budget and risk factors.

To meet the sea of ​​crowdfunding opportunities

After almost 2 years of operation and 20K user verification, Task2Bid is ready to take the next step.

He has opened his head public share purchases through the equity crowdfunding site pitchIN. The campaign has already started and will run until the end of the year.

The minimum funding target is RM300K, with a total target of RM1 million. These funds will be used for operating costs, marketing, and server and storage costs, among other things.

According to Task2Bid, the share price per unit is RM40, and the minimum number of shares required to purchase is 50 units at a price of RM 2,000. Other benefits are:

• An investor rewards a club membership worth RM 10,000 for all investors who invest at least RM 2,000.
• Accumulated dividend of 6% per annum on the amount of the investment.
• Free shares cost up to RM 30,000 for early investors in the pre-campaign phase of the live campaign.
• An exclusive “double reward” campaign for the 12.12 promotion, where early investors can enjoy free shares of up to RM 60,000.

With the support needed to build a strong foundation in Malaysia, Mugheel has no doubt about Task2Bid’s ability to capture other SEA markets in the future. They are already facing the Philippines, Indonesia and Thailand.

“We saw that the on-demand services available in these countries are based on the business-to-consumer (B2C) model and single-service services such as cleaning, packaging or food delivery,” Mugheel justified, highlighting gaps that Task2Bid can fill. .

When you return to the app, the improvement that the team wants to make is a partial payment feature that allows applicants to place a deposit in Doer’s service, with the balance paid later.

Meanwhile, they plan to offer Doers a “My Service” feature to list their service packages with prices. All of these will be added to the flexible options available in the Task2Bid application.

Check out the editorial video we made on Task2Bid in June 2021, where we lived on our own: