Needworking is a social platform based on humans helping one another. Its core principle is to break down the barriers and create a diverse, psychologically safe, inclusive platform where people can connect based on what one has a desire to learn and others who have the desire to help or give.
Needworking is a social networking platform designed to connect individuals with shared needs and interests. The company's goal is to facilitate meaningful connections between people looking for assistance with various projects, whether personal or professional. The platform enables users to create and share project listings, find collaborators with complementary skills and interests, and build relationships with others who share their goals.
Needworking.com plans to generate revenue through a subscription model and advertising. Its subscription model is planned to offer features and services to its subscribers for a recurring fee, which can provide a steady stream of revenue. Advertising can also be a viable option by placing relevant ads on the website and charging advertisers for the space. Additionally, the company may look at utilizing sponsorship programs and commissions from affiliated products as revenue streams in the future.
A report by Grand View Research estimates that the global social networking app market is expected to reach $310.37B by 2030, growing at a CAGR of 26.2% from 2023 to 2030. Another survey by McKinsey found that collaboration can improve productivity by up to 25%, yet many individuals struggle to find the right collaborators for their projects. With the need for increased demand for virtual communication, remote work, and collaboration, the company is looking at a successful business opportunity.
The product is at a pre-revenue stage. The company has signed up many members throughout the US and hundreds of people have fulfilled one another’s needs such as Opening Day Orioles Tickets, College Paper Interviews, and Finding Service Level. The scale of operations is very small and there are not many users yet.
During the year ended December 31, 2022, the Company had operating expenses of $15,617, resulting in a net loss for the year of $15,617.