Dinning out these days gives me lots of headache when I have to compare prices. In Hong Kong, a simple set lunch can cost as much as $50 Hong Kong Dollars that's about US $6. It seems that a single fifty dollar note cannot buy lot of things, but what you are about to hear, will surprise you on what actually $50 Hong Kong Dollars can do.
Would you like to find someone to chat with you with a girlfriend tone?
Would you like a stock market analyst give you hints on stocks?
Would you like to receive wakeup call?
What if I tell you that each of these tasks only cost $50 Hong Kong Dollars (~ US $6)?
In US, a third of the US workforce are employed as freelancers. A 2013 CareerBuilder study found that employers looking to hire temporary workers increased 10 percent from 2012 and research from Economic Modeling Specialist found that freelance position accounted for 15 percent of national job growth from 2009 to 2013.
A major reason for this is a growth of online marketplaces that connect freelancers with companies looking to hire them.
One of these, Sulu, is gaining popularity in Asia Pacific for its model of freelancers offering services for starting rate of six us dollar each.
Q: So what is Sulu?
Sulu: Simply put, Sulu is a marketplace for services. It's not about hiring the freelancers, it's hiring the service they provide.
Q: What about competitors like freelancers, TaskRabbit, eLance and oDesk?
Sulu: Other freelancing models pit freelancers against each other, with a focus on the cheapest price rather than quality and providing customer the best services. Rather than a bidding system which focus on the lowest price and cheap labor, Sulu allows individuals to offer their services as products, to become entrepreneurs and create their own brands.
Q: Where did the idea for Sulu come from?
Sulu: By 2020, 50 percent of the US workforce will be freelancers and we believe Asia Pacific will be following this trend. We started in 2013 and we saw there is a great opportunity to boost the freelance market and a lot of efforts has to be put in.
Q: What is Sulu's business model?
Sulu: Basically, we take 20 percent out of the transaction, but we only take it from transaction that are successful. If for any reason whatsoever a transaction doesn't go through, we don't take anything. So we have a vested interest in everyone being happy.
Q: Where is Sulu HQ?
Sulu: We are based in Hong Kong, which is one of the business and financial centre in Asia Pacific. It is the best location to share our platform in Asia Pacific.
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