CodersTrust Presentation at Digital World, Dhaka 2014
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CodersTrust Presentation at Digital World, Dhaka 2014
- 1. Bangladesh Association of Software & Information Services An initiative backed by A Mind is a Terrible Thing to Waste But A Wonderful Thing to Invest In Coderstrust.com Pitch deck MAY 2014
- 2. The need for coders is growing! And the job market is moving online! MARKET SIZE Coderstrust.com Pitch deck MAY 2014 The Online Freelance Opportunity
- 3. 12.3M freelancers 11.1 million jobs posted 1.8 billion in earnings FREELANCE PORTAL COMPARISON A $5 billion market by 2018 with $1 billion already spent on oDesk alone $197M in total funding Coderstrust.com Pitch deck MAY 2014
- 4. ONLINE FREELANCE GROWTH Online job opportunities are fast becoming more attractive compared to local job opportunities Local job opportunity $ $ Online job opportunity $ $ $ $ Coderstrust.com Pitch deck MAY 2014
- 5. ONLINE FREELANCE GROWTH Online profile, skills, experience and reputation all impact the average hourly wage on online workplaces. 3 years additional education36 % Higher wages 3 years on online workspaces190 % Higher wages Coderstrust.com Pitch deck MAY 2014
- 6. Target Group WHO ARE THE CUSTOMERS? 3 years additional education36 % Higher wages 3 years on online workspaces190 % Higher wages Coderstrust.com Pitch deck MAY 2014
- 8. SOLUTION Coderstrust.com Pitch deck MAY 2014 CUSTUMOR PROFILE Big Companies Are Not Your Custumers
- 9. SOLUTION Coderstrust.com Pitch deck MAY 2014 MINDSET Join the software-powered insurgents in the battle against the incumbents
- 10. SOLUTION Coderstrust.com Pitch deck MAY 2014 Early Adaptors
- 13. SOLUTION Coderstrust.com Pitch deck MAY 2014 SALES “People in the U.S. and around the world lack the education and skills required to participate in the great new companies coming out of the software revolution” MARC ANDREESSEN
- 15. Microfinance for students to upgrade their skills and earn more money on freelance portals SOLUTIONSOLUTION Fund your education. The most important investment you can make in yourself. Coderstrust.com Pitch deck MAY 2014
- 16. Be recruited Get real task Get funded Learn to code All-in-one dashboard to build your profile on the online job market SOLUTIONTHE TECH Coderstrust.com Pitch deck MAY 2014
- 17. 1. Students register and link up all their online profiles to CodersTrust HOW IT WORKS FOR STUDENTS Coderstrust.com Pitch deck MAY 2014
- 18. 2. Students follow basic e-learning courses with tutorials and videos Video tutorials Tests & examinations Online tutors THE SERVICE HOW IT WORKS FOR STUDENTS Coderstrust.com Pitch deck MAY 2014
- 19. 3. Tasks from online workplaces are assigned to the student Project recommendations Bid and work All-in-one overview THE SERVICE HOW IT WORKS FOR STUDENTS Coderstrust.com Pitch deck MAY 2014
- 20. 4. The best performing students and users are featured for backers See profiles Show funding Follow student THE SERVICE HOW IT WORKS FOR STUDENTS Coderstrust.com Pitch deck MAY 2014
- 21. HOW IT WORKS FOR BACKERS Coderstrust.com Pitch deck MAY 2014
- 23. Visit us on www.coderstrust.com Coderstrust.com Pitch deck MAY 2014
Hinweis der Redaktion
- Technology market continues to grow at a furious pace and the wages for highly technical skills is rising. As the enormous percentage of activities become automated, the demand in coders is growing. It is expected that by the year 2020, the technology market will create a $500 billion opportunity for coders. Despite a big number of computer science students, the number of computer jobs will reach 1.4 million, as forecast reveals. Fast-pace technology world creates the opportunities for online work to become a mainstream. According to the forecasts, by 2020, 1 of 2 businesses will hire freelancers online instead of full-time office workers and up to 20% of all work will be done online. In addition, online job marketplaces create more opportunities for people from undeveloped and remote areas. It is a winning solution for both companies and freelancers as it enables talents exchange on a global scale.
- Online labor marketplace is growing at a fast pace and doing work online is gradually becoming a mainstream. It is expected that by the year 2020, 1 of 2 businesses will hire online freelancers and up to 20% of all the work will be done online. Therefore, everyday more and more new members join the online workplace communities and start working on a freelance basis. When taking a closer look at the statistics that shows the analysis of 4 popular online workplaces such as oDesk, Elance, Freelancer and 99Design, we see that Elance received the highest funding which equals $78 million. However, the number of freelancers doing job through Elance is relatively lower than the number oDesk freelancers. But even the number of oDeskers cannot be compared to about 7 million freelancers who prefer to work through Freelancer. Those looking to hire a contractor prefer Freelancer and the total number of jobs posted reaches 4.4 million. oDesk and Enance are slightly behind with 3.6 million and 2.9 million jobs posted. However, the total number of earnings through Freelancer which reaches only $150 is far behind the numbers reached at oDesk and Elance that are $920 million and $739 million respectively. All in all, 12.3 million people work as freelancers, either on a full-time or part-time basis. 35% of them have always worked as freelancers. As statistics reveals, 59% of freelancers have earned a Bachelor’s degree. 78% of freelancers claim they are happier working in such a way, while only 4% are happier as full-time employees. Among the major reasons why people switch to a freelance model of working are the ability to choose projects to work on, controlling their work schedule, and working from wherever they want.
- Online labor marketplaces have seen a dramatic rise in the past few years. It is thus an excellent opportunity for remote and poor parts of the world to reach immense income growth. Workers from all over the world can sell their labor to a global pool of buyers. As statistics reveals, in 2012 online workplaces spent over $251 billion on digital services In the developing countries like India, Pakistan and Bangladesh, people are often forced to live for less than 3 USD a day due to low local wages rates or the lack of job opportunities that match their skills and expertise. It thus blocks people from realizing their highest potential and striving for better future. Bangladesh is a nation with one of the highest number of freelancers. Due to rather poor local job opportunities, people switch to online marketplaces to build their careers more successfully. Today, over 12% of all the jobs on oDesk are done by Bangladesh contractors. In addition, freelancers boost Bangladesh’s reputation as an IT nation and make it up-to-date with the market demands. As technology market is mostly based online today, there is a pressing need for countries with poor local job opportunities to promote online labor workplaces. By escaping local markets, people will acquire freedom to choose the projects to work on, increase entrepreneurship, and grow local economies. In addition, the average earnings tend to grow with every year. It is expected that by the year 2020, up to 20% of all the work will be done on the web which will make online job opportunities even more attractive.
- When a freelancer joins an online labor market, severe competition and demanding projects often become a challenge. For this reason, the hourly wages of beginners is relatively lower than that of experienced contractors. There are in fact a few factors which influence the hourly wages of contractors. Strong and reputable profile is the key factor that determines the price. Acquired experience and reputation estimate given by previous clients also contribute to freelancer’s hourly wages. We are now facing the era when a shiny profile with a 10-star rating for HTM5 project on oDesk is far more valuable than any university degree. The division of skills on online labor marketplaces is also a major factor that determines freelancer’s hourly wages. IT & Programming and Design occupy the leading positions in the list of average hourly wages. Freelancers are able to post a portfolio of recently completed projects to demonstrate their skills and the level of expertise. Online labor workplaces also give contractors a chance to pass the tests that evaluate their skills and efficiency. According to the survey conducted among freelancers, 84% of them expect their income to increase. Thus, they mostly feel enthusiastic about their future freelancing career.
- When a freelancer joins an online labor market, severe competition and demanding projects often become a challenge. For this reason, the hourly wages of beginners is relatively lower than that of experienced contractors. There are in fact a few factors which influence the hourly wages of contractors. Strong and reputable profile is the key factor that determines the price. Acquired experience and reputation estimate given by previous clients also contribute to freelancer’s hourly wages. We are now facing the era when a shiny profile with a 10-star rating for HTM5 project on oDesk is far more valuable than any university degree. The division of skills on online labor marketplaces is also a major factor that determines freelancer’s hourly wages. IT & Programming and Design occupy the leading positions in the list of average hourly wages. Freelancers are able to post a portfolio of recently completed projects to demonstrate their skills and the level of expertise. Online labor workplaces also give contractors a chance to pass the tests that evaluate their skills and efficiency. According to the survey conducted among freelancers, 84% of them expect their income to increase. Thus, they mostly feel enthusiastic about their future freelancing career.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- Today, when the tech world is expanding so widely, training of young generation is a wise thing to do. That’s why IT field of study is in a great demand now. People from undeveloped countries who live for less than 3 USD per day have to acquire IT skills to reach better future. However, it is a common problem for people from undeveloped countries to refuse from higher education or getting scholarship due to poor living conditions they find themselves in. That’s why CodersTrust enables backers to invest in the IT training of students from poor regions. By offering microfinance to students, entrepreneurs help them upgrade their skills, enhance qualification and get higher wages, economic growth, better health, democracy and political stability. Just a small investment can solve the problem of poverty in a family with low income. Such online labor markets as oDesk and Elance offer lucrative job opportunities for those who have the necessary skills. When backers invest in IT training, they help students acquire the technology skills, win jobs on freelance portals and make their hourly wages rise. After the students get their first jobs, they repay a loan to the backer and move forward on their career path. Microfinance for students aims at bringing the concept of virtual education into online labor markets. The program’s task is to create a new educational infrastructure that is capable of serving the demand of online labor marketplaces.
- When students join a CodersTrust IT training program, they are given an access to a user-friendly dashboard that allows them to control their work&study process from one place. In this all-in-one dashboard, students get funded by the backers and receive appropriate e-learning tools to start their online training. CodersTrust sends all the training materials through the dashboard and students learn to code in one of the educational institutions. After the students acquire enough skills and successfully pass the qualification tests, they are ready to move on to the next stage of their training. To test their skills, they get real world tasks from such online labor marketplaces as oDesk, Elance, and Freelancer. With minimum hourly wages, students proceed with their training and upgrading their qualification to move forward with their career development. With the help of the all-in-one IT training dashboard, students can also get recruited through such labor platforms as LinkedIn and GitHub. One more valuable feature of the CodersTrust dashboard is that it shows the statistics about hourly wages rise that students will find useful for tracking their growth. Speaking in general, all-in-one dashboard created by CodersTrust considerably facilitates the learning process of students. They don’t have to log in to multiple accounts to have an access to all the study tools they need.
- CodersTrust aims at facilitating the way students learn and get funded. Thus, every student has their own dashboard where it is possible to link all the online labor accounts to CodersTrust, import all the data from them and display it. In this dashboard, students can simultaneously use all the online learning tools given by the trainers as well as get funded. They will easily manage all their work assignments and combine it with the learning process.
- The IT training process at CodersTrust encompasses a few strategies to reach maximum efficiency of study. Students follow their learning procedure through the access to various e-tools, reading manuals and watching video tutorials. To retain the acquired knowledge, students are subjected to a row of tests and examinations. Upon their successful completion, students are ready to get real tasks from such online workplaces as Elance, oDesk, etc. CodersTrust trainers also assist them in creating online profiles able to get better visibility from potential customers. If students have any questions related to the study process, coding or online profile building issues, they may consult with online tutors who are ready to give them all the necessary assistance.
- CodersTrust is a global framework for democratizing access to tech-based education and entrepreneurship in emerging markets. Both companies and individuals can offer financial assistance to bright kids who are thrilled to further their IT skills. Just a small investment can contribute into the technology-based economic growth in the developing countries. Among the benefits of backing are: Brand differentiation – CSR profile Customer engagement Employee engagement Long-term thinking This investment will later be repaid by the student through their earnings on the online labor marketplaces. The role of the backer is to provide the funds for the investment and then select a student or students to back with the financial study aid. IT companies that are looking for efficient workforce can invest in a class of 10 coders for one year and then meet a team of skilled coders ready to work for them. However, by investing in education, companies do not only earn money, but also improve the economy of developing countries and benefit the underprivileged.