Telework Markets and the Virtual Business Incubator

Response

• Small/new entrepreneurs

• Established businesses

• Students/part-time job seekers

1. Background on Online Markets

Typical Users of Online Markets

• Translation• Graphic Design• Software Development• Virtual Assistance• Web Design

Leading Telework Fields

• Research• Copywriting/Editing• Transcription• Music/Song Writing• Online Tutoring/eLesson

Development

1. Background on Online Markets

Specialties of Leading Markets

Rentacoder for reputation-building

AuthenticJobs for unique

opportunities

Joomlancers for specialized IT

Sologig for bidding-free projects

Reviewing Project Opportunities

1. Background on Online Markets

Typical Approaches Used

• Many online markets work like reverse auctions: the Service Provider identifies a job and offers to complete it for slightly less than the other “bidders.”

• Like eBay, both Service Provider and Service Buyer are rated according to delivery and dependability in graded systems.

• Some sites act as virtual message boards where Service Buyers simply post a request and it is between the Buyer and Provider to establish qualifications and project terms.

1. Background on Online Markets

• Difficulty of landing initial projects

• Lack of experience in bidding for large projects

• Skills gaps and lack of knowledge of international business norms

Common Problems Encountered By Entrants Into the Markets

1. Background on Online Markets

• Increase the number of registered participants in leading online markets

• Increase the number of telework projects won by the three primary countries

• Generate a significant increase in revenues for SEE entrepreneurs in the sponsoring countries

Objectives of the Virtual Incubator

2. Opportunity for the VBI

Interactive Tour of VBI Resources

2. Opportunity for the VBI

VBI Telemarket Springboard

The VBI main page hosts links to all 12 specialization pages and 50+ markets.

2. Opportunity for the VBI

Sites have been screened for:• Rate of use/popularity• International

applicability • Repeat markets

Regular updating will provide:

• Emerging markets

• Market expansion

• Usage/popularity rates

VBI Telemarket Springboard (cont.)

2. Opportunity for the VBI

• 12 specialty market pages offers easy navigation

• Prescreening and profiling maximizes time and effort

• Usage fee reporting allows workers to best allocate resources

VBI Advantages

2. Opportunity for the VBI