ST. LOUIS, MO--(Marketwired - May 13, 2013) - Avichal Jain, founder of Chores Market, a St. Louis-based technology start-up, announced the launch of choresmarket.com today.
With the U.S. unemployment rate close to 8% and the underemployment rate even higher, choresmarket.com offers a way for people to use their skills to earn a living or just make extra cash. "It's a way to knock the chores off your list and give a neighbor or friend the opportunity to earn money for their family," explains Jain.
Choresmarket.com connects home and business owners with people in their social network who are ready and able to complete tasks on a "to do" list, such as fixing a leaky faucet, tutoring a grade school student, repairing a fence, painting a room and countless other small jobs. People looking for qualified assistance with chores and those offering such services now have a platform for communicating, scheduling activities and endorsing their experiences.
On choresmarket.com, consumers can login in with a Facebook or Google profile and find "helping hands" among a network of people their friends already know. The site offers an unparalleled view into first, second and third level connections -- i.e. friends, their friends, and friends of friends. In less than a minute, users can locate a qualified helping hand, ask for a referral, negotiate price, chat and even make payments.
Unlike anonymous job posting boards, Chores Market allows users to see how they are connected to another individual, taking the unknown out of the picture. And, ratings can be more trusted because they can be verified. For additional peace of mind, the site also offers a free five-day warranty if the chore is paid via credit card.
There are significant benefits to "helping hands" as well. People who wish to monetize their skills simply sign in to Chores Market, specify skills and start applying to the posted chores. A helping hand can rate the person who posted the chore and vice versa. All ratings and personal connections are cumulative and visible to everyone, giving users the power to validate the authenticity of a rating right away.
Company founder, Avichal Jain, is a technology consultant and a graduate of the Wharton MBA program. He has held technology management positions at multiple corporations and has advised startups in the financial and gaming sectors.
As a homeowner, Jain says he regularly struggled to find low cost, high quality, and trusted providers of services. It was this search and related frustration that led him to launch Chores Market. "With 70% of U.S. population above age 13 on Facebook alone, a substantial percentage of the U.S. population is active on social media," says Jain. "And statistically, there is nearly a 93% probability of any two people being connected with three levels of connection."
In addition, Bloomberg (March 19, 2013) estimates the U.S. economy of informal jobs was $2 trillion in 2012. "This informal economy is very fragmented and lacks any significant tools for trust-based commerce," says Jain. "Plus, there are ongoing safety issues with other popular posting sites because you are inviting unknown people to your house or place of work."