Introducing Projectivity: An Incentivized Task Management Board
When it comes to getting work done, we firmly believe that carrot beats stick. Aligning incentives between employers and contractors is a matter of setting a suitable reward. The juicier the carrot, the faster you’ll see the job done to the required standard.
It was this thinking that inspired us to create Projectivity: the world’s first project management board with a success fee attached. You pay what the job is worth and the contractor gets paid commensurate to their efforts. It’s a fairer way of working in which both parties prosper.
Reimagining Project Management
You’re likely familiar with project management boards such as Trello and Asana, which are used by employers and contractors to coordinate tasks. While excellent for organizing, there’s just one thing missing from these boards: a means of ensuring an optimal outcome.
Imagine if you could apply a cherry to the cake contractors can claim for a job well done — a success fee. What would that do for the quality of work you receive and the commitment of the contractors?
As it stands, contractors are compelled to complete tasks — web design; business logo; AdWords campaign — to a sufficient standard to get paid. They have no reason to go the extra mile, though, and produce their best work. That’s because they lack an incentive to see the employer’s business succeed.
If they were economically advantaged by seeing their employer’s business prosper, however, it’s safe to assume that work would be completed on schedule and to the highest possible standard.
This is what Projectivity provides: a means of assigning and incentivizing tasks, with a success fee attached to each one. It’s a game changer for project management that promises to achieve a better outcome for all parties.
How It Works
Projectivity combines a project management board with an integrated wallet that enables instant payment upon task completion. It also allows for bounties to be offered, and for a success fee to be added for jobs that generate future profits for the business.
Payments are issued in PROUSD, a digital currency that is pegged 1:1 to USD, and which facilitates instant payments. No more waiting for funds to clear.
Let’s consider a use case of Projectivity in action.
Use case 1
David is a businessman managing multiple online jewelry stores. He maintains multiple revenue channels using more than 50 paid media accounts running search, display, affiliate and marketplace campaigns.
Using Projectivity, David hires and manages freelancers to lead his marketing, combining an upfront fee for their services with a success fee if targets are achieved. At the end of each month, David takes 5% of revenue and shares it pro-rata with his contractors.
David is happy as he is able to hit his targets with lower upfront expenditure.
Contractors are happy as they get their initial fee plus a success fee, providing a financial incentive to help David reach his targets. Projectivity aligns everyone’s incentives.
What Makes Projectivity Different
Projectivity isn’t just about rewarding freelancers for their efforts: it’s also about lowering startup costs for project owners. Bootstrapping a new business is tough, particularly when there are so many upfront costs to carry. Projectivity provides a means of deferring some of those costs, by ensuring that freelancers receive the bulk of their reward when the business starts generating revenue.
As a result, project owners can lower initial costs while increasing contractor engagement. And with lower transaction fees than comparable marketplaces like Fivver and Upwork, Projectivity is also more cost-efficient. More money for you. More for your best freelancers. And less for middlemen and for contractors who fail to provide exceptional service.
Projectivity also encourages contractors to work for projects they believe in, giving them “skin in the game” and a reason to support its success. And without the 20% transaction fee deducted by typical freelancing platforms, it’s more money in their pocket — and that’s before they’ve earned their success fee. With Projectivity, there are zero fees for regular task payments, with a commission applied only to success fee payments.
Summary
Projectivity is a task assignment and management board with integrated payment functionality. It allows employers to assign a success fee to tasks, and for freelancers to earn additional revenue where and when it is deserved.
Project Owners can get tasks done at discounted rates by committing to pay a success fee based on the project’s success.
Contractors can boost their earnings by receiving a success fee on top of regular payment.
Try posting a job to Projectivity today, set your success fee, and then watch the bids roll in. With your goals aligned with theirs, a favorable outcome is assured.
It’s a smarter way to work and a fairer way to pay.
