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Why Expert360's Business Model is so successful?

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Expert360’s Company Overview


Expert360 is a professional services platform that connects businesses with a network of highly skilled independent consultants. The company, founded by former Bain & Company consultants, aims to revolutionize the traditional consulting industry by providing flexible, fit-to-purpose consulting services. Expert360 serves clients in Australia and the United States, offering a platform where businesses can find and connect with business professionals for project work in various areas such as finance, marketing, HR, sales, operations, and technology.

Expert360's business model revolves around its consulting marketplace. The platform allows businesses to post project needs and connect with independent consultants who have the specific expertise required. Expert360 offers a flexible and fast way to find and hire consultants, with the ability to scale up or down as needed. This approach enables businesses to tackle critical problems quickly, leveraging the experience of former consultants, operators, and subject-matter experts. The platform also provides a comprehensive solution for talent management, integrating permanent and contingent staff management in one platform.

Expert360's revenue model is primarily based on facilitating these consulting engagements. The platform earns revenue by taking a commission on the projects completed through its marketplace. With a strong track record of delivering real value to customers and access to an extended global network, Expert360 has established itself as a leader in the consulting industry. The company's success is further underscored by its partnerships with top private equity firms, Fortune 500 companies, and leading consultancies, solidifying its position as a trusted provider of flexible, high-end consulting services.

https://expert360.com/

Headquater: Sydney, New South Wales, Australia

Foundations date: 2013

Company Type: Private

Sector: Technology

Category: Freelance

Digital Maturity: Digirati


Expert360’s Related Competitors



Expert360’s Business Model Canvas


Expert360’s Key Partners
  • Freelance professionals
  • Recruiting agencies
  • Enterprise clients
  • Training providers
  • Technology partners
  • Online job platforms
  • Financial institutions
  • Legal advisors
  • Industry associations
  • Marketing agencies
Expert360’s Key Activities
  • Platform enhancement and maintenance
  • Consultant vetting and onboarding
  • Client relationship management
  • Project matching and allocation
  • Data analysis and reporting
  • Marketing and sales efforts
  • Customer support and service
  • Strategic partnerships
  • Quality assurance
  • Training and development programs
Expert360’s Key Resources
  • Platform and technology infrastructure
  • Skilled expert network
  • Proprietary algorithms for matching experts with clients
  • Customer relationship management system
  • Financial resources and investment
  • Data analytics and business intelligence tools
  • Comprehensive database of industry professionals
  • Intellectual property and brand assets
  • Strategic partnerships with industry leaders
  • Human resources with domain expertise
Expert360’s Value Propositions
  • On-Demand Access to Top Tier Talent
  • Flexible Workforce Solutions
  • Streamlined Talent Acquisition
  • High-Quality Freelance Professionals
  • Efficient Talent Matching
  • Cost-Effective Hiring
  • Scalable Workforce Management
  • Specialized Industry Expertise
  • Enhanced Project Delivery
  • Comprehensive AI-Powered Talent Platform
  • Accelerated Hiring Timelines
  • Global Talent Reach
  • Robust Freelancer Vetting Process
  • Secure Online Payment System
  • Customizable Talent Solutions
  • Continuous Support and Development
  • Trusted by Leading Brands
  • Innovative Talent Marketplace
  • Improved Business Agility
  • Data-Driven Recruitment Insights
Expert360’s Customer Relationships
  • Personalized consultations
  • Service Level Agreements (SLAs)
  • Dedicated account managers
  • Regular feedback loops
  • Loyalty programs
  • Newsletters
  • 24/7 customer support
  • Client onboarding support
  • Training sessions
  • Client review and rating system
Expert360’s Customer Segments
  • Enterprises
  • SMEs
  • Freelancers
  • Consultants
  • HR Managers
  • Business Leaders
  • Project Managers
  • Industry Specialists
  • Professional Services Firms
Expert360’s Channels
  • Website
  • Direct Sales
  • Digital Marketing
  • Social Media
  • Email Campaigns
  • Webinars
  • Industry Events
  • Partnerships
  • Content Marketing
  • SEO/SEM
Expert360’s Cost Structure
  • Platform development costs
  • Marketing and advertising expenses
  • Salaries for expert talent
  • Customer support services
  • Technology infrastructure and maintenance
  • Administrative and office costs
  • Transaction fees
  • Training and professional development for employees
  • Legal and regulatory compliance costs
  • Partner and vendor payments
Expert360’s Revenue Streams
  • Freelancer Placement Fees
  • Freelancer Subscription Fees
  • Enterprise Subscription Fees
  • Project Management Fees
  • Training and Development Fees
  • Premium Support Fees
  • Custom Solutions Fees
  • Consulting Services Revenue

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Expert360’s Revenue Model


Expert360 makes money by combining different business models. Below, you will find the list of the different monetization strategies identified for this company:

  • Online marketplace
  • On-demand economy
  • Transaction facilitator
  • Two-sided market
  • Best in class services
  • Network builders
  • Solution provider
  • Crowdsourcing
  • Corporate innovation
  • Knowledge and time
  • Digital transformation
  • Open innovation
  • Software as a Service (SaaS)
Analytics


Market Overview
  • Patterns
  • Sectors
  • Categories
  • Companies
  • Right click on the nodes to explore

Expert360’s Case Study


Expert360's CASE STUDY


When we embarked on our journey at Expert360, our mission was clear: to revolutionize the consulting industry. Founded in 2013, our vision aimed to disrupt the traditional, often rigid, consulting models by offering businesses flexible, fit-to-purpose consulting services. Expert360 has since grown into a vibrant marketplace that connects businesses with highly skilled independent consultants. Operating primarily in Australia and the United States, we provide a robust platform where firms can access top-tier professionals for project work across finance, marketing, HR, sales, operations, and technology.

The Need for Change


Traditional consulting firms often come with hefty price tags and inflexible staffing solutions. Businesses face various challenges, requiring specialized expertise that conventional employment models cannot always provide. The need for highly skilled consultants who can be engaged on-demand became increasingly clear. According to a report by the Harvard Business Review, 76% of executives say they need to quickly ramp up specialized skills for short-term projects. This growing demand for flexibility and expertise was the catalyst for Expert360's innovative platform. By leveraging our network, businesses could tackle critical issues swiftly, efficiently, and cost-effectively.

The Expert360 Solution


Our platform centers around an ingenious consulting marketplace that offers unparalleled flexibility. Businesses can post project needs and connect with independent consultants who possess specific expertise required for those projects. This dynamic allows organizations to scale their consulting needs up or down based on immediate requirements, ensuring timely and relevant solutions.
Take, for example, our collaboration with a leading fintech company looking to optimize its marketing strategy. In a matter of hours, they connected with one of our top marketing consultants who had previously helped a Fortune 500 company achieve a 20% growth in market share (Expert360 Internal Data, 2022). Through Expert360, the fintech company was able to implement data-driven marketing strategies effectively and efficiently.

A Unique Business Model


Expert360's distinct business model is characterized by a seamless experience for both businesses and consultants. Our revenue is primarily generated through commissions on projects completed via our platform. As a two-sided marketplace, we focus equally on enhancing value for both our clients and our consultants. This dual focus guarantees quality and satisfaction on both ends.
A critical element that sets us apart is our robust vetting process. Each consultant on our platform is meticulously screened and vetted—this isn't just a resume review; it is a rigorous process that includes practical assessments, interviews, and reference checks. The result? Only the top 5% of applicants make it onto our platform, ensuring unparalleled quality (Expert360 Vetting Data, 2023).

Leveraging Technology and Data


What truly makes our platform exceptional is the proprietary technology and data analytics tools we leverage. Using AI-powered algorithms, we match business needs with the ideal consultants, reducing the time-to-hire to mere days compared to the industry average of three months (Harvard Business Review, 2022). Our platform ensures that our clients receive not just recommendations but the best-suited professional for their specific needs.
An example of this is our work with an Australian retail giant that needed a complete overhaul of its supply chain operations. By utilizing our advanced AI matching system, we connected them with an expert who had previously optimized supply chains for leading global brands. The result was a 15% reduction in operating costs within six months (Expert360 Case Studies, 2022).

Flexible, Cost-Effective, and Scalable


The modern business environment demands agility. This is precisely where Expert360 shines. Our platform offers cost-effective hiring and scalable workforce management solutions—no long-term commitments, no astronomical consulting fees. We provide businesses with specialized industry expertise exactly when they need it.
For instance, a mid-sized manufacturing company was struggling to navigate the complexities of digital transformation. Through Expert360, they hired a digital transformation consultant who had previously led multiple successful projects at a fraction of the cost of traditional consulting firms. This consultant developed a comprehensive digital strategy, leading to a 25% increase in operational efficiency (Expert360 Project Reports, 2023).

Building Trust with Top Companies


Our success is further underscored by our partnerships with top private equity firms, Fortune 500 companies, and leading consultancies. The likes of PwC, BCG, and KPMG have tapped into our talent pool to supplement their own consulting teams, often for highly specialized projects requiring niche skills. This trust from industry giants validates our position as a premium provider of flexible, high-end consulting services.

Customer-Centric Relationships


At Expert360, we don’t just aim to provide services; we build relationships. We ensure that each client receives personalized consultations, service level agreements (SLAs), dedicated account managers, and regular feedback loops. This approach ensures we continually refine and update our offerings based on client needs and feedback, aligning perfectly with the ever-evolving business landscape.

The Future of Consulting


As we look to the future, our focus remains on continuous innovation. We are expanding our AI capabilities, diversifying our pool of experts, and enhancing the overall user experience on our platform. Our aim is to stay ahead of the curve in providing transformative solutions that are as unique as the businesses we serve.
The trajectory of Expert360 is a testament to the increasing appetite for flexible, on-demand expertise in today’s fast-paced business environment. By marrying technology with unparalleled human expertise, we are not just meeting the demands of the modern workspace—we are shaping its future.
In the words of leading industry expert Clayton Christensen, "Disruption is a process, not an event, and innovations are the means to achieve it." At Expert360, we are proud to be at the forefront of this disruptive innovation, redefining what it means to connect, collaborate, and create value in the consulting industry.
For more about how Expert360 is changing the consulting landscape, visit us at [Expert360](https://expert360.com/).


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