Submitted by: Submitted by akanksha
Views: 469
Words: 330
Pages: 2
Category: Other Topics
Date Submitted: 11/22/2010 09:37 AM
Service.com has been launched in 2002 by two management graduation fresh out of college .With an analytical bent of mind ,the two young entrepreneurs decided to cash in on the new outsourcing ‘revolution’ that has gripped the nation . Instead of going for the traditional process outsourcing, service.com went into the nascent PPO-Person to person outsourcing.
PPO consists of those services that are offered by individual entrepreneurs who are trying to bootstrap their new organization as efficiently as possible. Currently, this is on boom with the advent of Internet.
Service.com, riding on this boom, is offering diverse services like website development, software development, graphic designing, online training software and online bill payment schemes. They are trying to become a part of PPO movement which is expected to rise readily.
Worldwide, service.com has a market of $250 million slated to rise 20 times in the next seven years. In India, the figure reads a $ 65 million today but cumulative growth is predicted as 26% for the next decade.
Service.com has been well received in corporate circles but the common man remains skeptical over the nature of services offered. In such a scenario , service.com continues its operations to serve a niche Indian population .With meager profits, the two entrepreneurs , the main brains behind the portal, find themselves playing too hard and banking an optimistic figures.
Industry exports predict-it will take another 5 years for the concept to be popularized in India , and will generate revenues of half a billion dollars by 2015. However, the flip side is in time competitions coming from various quarters. Lower tariff rates will force free lancers to soon join the new trend.
Service.com is still confident. Being innovators they will definitely get the edge of ‘fathering’ this movement. It has no plans of stopping and has diversified into taxation and accounting services....