Fivesquid.com

Fivesquid.com is a British- based freelance marketplace where people can trade skills and services. [1] First launched in 2011, the website hosts a variety of services, from tech jobs like SEO specialist to bizarre things like having a job with a quick clip advertising business. [1] [2] Buyers of services are mainly start-up companies looking to save on business costs. [3]

History

Fivesquid was born in 2011. Following its release, Theo Paphitis selected the company as a start-up company to watch its small business Sunday competition. [4] Since the websites launched in 2011, it has been recognized by the media for some of the services people sell. Also featured is Kitty Brucknell , who has performed on the UK version of the X-Factor , offered for you by voicemail for £ 5. [5]

In March 2012, the website featured in a list of top 10 companies to emerge from the UK recession . Fivesquid featured on the list and was highlighted for the sale. [1] Throughout the sites, it has had some strange services offered. In 2012, entrepreneurial schoolboy from England offert His services as an online gaming bodyguard , at £ 5 per 30 minutes of gameplay. [6] Another unique service was published in The Sun , where a seller would dump your partner for £ 5. [7]

After the website has been established a number of years, One example used by the London Standard Services that could manipulate social media popularity. [8] Others are of the same time that many of the service providers are simply out of their income stream. [9]

The Gadget Show picked up the site as one of their top 3 places to buy gifts online. [10]

Site structure

Services sold via the website are referred to as “micro-jobs”, due to the low prices and short completion time. All micro-jobs fall within 4 payment structures of £ 5, £ 10, £ 20 or £ 50. [11]

Payment for services must be made upfront in order for the work to begin. Fivesquid holds the funds in an escrow account up to the has-beens Service Delivered by the Service provider and the buyer marks the order as full. [12]

The Service Providers Range from Those practicing a hobby to small companies Who are Attempting to Grow Their customer base. [13] At the completion stage of each project, Fivesquid takes a 20% commission payment from the total value, before releasing the funds to the service provider. [14]

Service providers are paid out by Fivesquid using PayPal . As of June 2017 , no other payment methods are available. [15]

References

  1. ^ Jump up to:c Griffith, Gabriella. “Hot hot business trends born out of recession”. London Loves Business.
  2. Jump up^ Lynch, Gerald (February 28, 2012). “Five tech fixes for a fiver with fivesquids.co.uk” . Tech Digest.
  3. Jump up^ Austin, Marcus (May 4, 2012). “Start your business with a fiver” . Tech Radar .
  4. Jump up^ “Small Business Sunday Winner” . Theo Paphitis .
  5. Jump up^ Bull, Sarah (28 October 2011). “She’ll do anything for a fiver!” Factor’s Kitty Brucknell offers to “write essays, do school homework and blag sick days off work” on bizarre website ” . Daily Mail .
  6. Jump up^ Bradford, Kelly Rose (January 10, 2012). “Schoolboy entrepreneur paid £ 5 for every 30 minutes as a ‘personal online bodyguard ‘ ” . Parent-dish.
  7. Jump up^ Brook, Sally (18 January 2012). “I dump girls for a living” . The Sun .
  8. Jump up^ Jeffs, Lotte (31 May 2013). “How to outsource your life” . London Standard .
  9. Jump up^ Commons, Jess (12 August 2014). “Some Easy Ways to Make More Money, When Your Measly Salary Is Not Enough to Live Off” . The Debrief.
  10. Jump up^ “Fivesquid on the Gadget Show” (video) . The Gadget Show .
  11. Jump up^ “Micro Jobs, Crowdsourcing & Online Gigs” . About.com .
  12. Jump up^ “Best £ 5 you’ll ever spend? Not likely” . Computer Weekly . November 21, 2011.
  13. Jump up^ Hughes, Ian (24 January 2012). “Website of the Day: Five Squids” . Pocket-lint.
  14. Jump up^ King, Mark (August 5, 2011). “What could you do for £ 5?” . The Guardian .
  15. Jump up^ “Fivesquid FAQ” . Retrieved 2017-06-18 .

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