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Why Mable's Business Model is so successful?

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Mable’s Company Overview


Mable is a pioneering platform based in Australia that connects individuals seeking disability and aged care support with independent, care, and support professionals. Mable's mission is to empower both care recipients and providers by creating a flexible, personalized, and user-centered experience. The platform leverages technology to facilitate the matching process between clients and a diverse array of care professionals, catering to a wide range of needs and preferences. By enabling clients to choose their own support workers and negotiate the terms directly, Mable provides a significantly more tailored and empowering service compared to traditional care agencies. The company has built an extensive community of vetted, independent workers who are passionate about delivering high-quality care services, ensuring that users receive personalized attention while fostering stronger, more consistent care relationships.

Mable's business model revolves around a user-friendly, technology-driven platform that facilitates direct connections between care seekers and professionals. Clients can browse through profiles of available workers, review their credentials and qualifications, and communicate directly to arrange services that match their specific needs. Mable ensures a secure and reliable environment by conducting thorough background checks on care providers and offering tools for service agreements, scheduling, and payments. This direct engagement model not only empowers clients to select the most suitable caregivers for their needs but also allows independent workers to find and manage their own clients, set their own rates, and build a sustainable, individualized business.

Revenue for Mable is primarily generated through a commission-based model. The company charges a fee on the transactions processed through their platform. Care providers list their services for free, but Mable takes a percentage of the earnings each time they are hired for a job. This percentage-based commission ensures that Mable's interests are aligned with both care providers and seekers, prioritizing successful and ongoing engagements. The platform also offers additional value-added services and premium features which may include advanced profile options, enhanced visibility, and administrative support, contributing to the overall revenue stream. This approach ensures a scalable revenue model that grows in tandem with the expanding community of users and the increasing demand for personalized care solutions.

https://mable.com.au/

Headquater: Sydney, New South Wales, Australia

Foundations date: 2014

Company Type: Private

Sector: Healthcare

Category: Professional Services

Digital Maturity: Beginner


Mable’s Related Competitors



Mable’s Business Model Canvas


Mable’s Key Partners
  • Suppliers
  • Manufacturers
  • Strategic Alliances
  • Technology Providers
  • Logistics Partners
  • Marketing Agencies
  • Financial Institutions
  • Industry Associations
  • Regulatory Bodies
  • Research Institutions
Mable’s Key Activities
  • Supplier Management
  • Order Fulfillment
  • Customer Support
  • Technology Maintenance
  • Marketing and Sales
  • Quality Control
  • Inventory Management
  • Partnership Development
  • Data Analysis
  • Product Development
  • Logistics Coordination
  • Market Research
Mable’s Key Resources
  • Supplier Network
  • Technology Platform
  • Distribution Channels
  • Inventory Management System
  • Customer Service Team
  • Warehouse Facilities
  • Logistic Partnerships
  • Market Insights
  • Financial Resources
  • Brand Reputation
  • Strategic Partnerships
  • Skilled Workforce
Mable’s Value Propositions
  • Streamlined online ordering
  • Wide range of healthcare products
  • Competitive pricing
  • Fast delivery service
  • High-quality, reliable suppliers
  • Personalized customer support
  • Easy returns process
  • Real-time stock availability
  • Bulk purchase discounts
  • Subscription-based replenishment
Mable’s Customer Relationships
  • Personalized Customer Support
  • Regular Follow-Up and Feedback Loop
  • Community Building and Engagement
  • Loyalty Programs
  • Exclusive Membership Perks
  • Educational Content and Webinars
  • 24/7 Customer Service
  • Self-Service Resources
  • Social Media Interaction
  • User-Onboarding Experience
Mable’s Customer Segments
  • Nursing homes
  • Aged care facilities
  • Hospitals
  • Healthcare providers
  • Rehabilitation centers
  • Medical supply stores
  • Nursing staff
  • Home care services
  • Patient families
  • Medical procurement managers
Mable’s Channels
  • Website
  • Social Media
  • Email Marketing
  • Partnerships
  • Online Advertising
  • Content Marketing
  • Retailers and Distributors
  • Direct Sales
  • Influencer Collaborations
  • Customer Support
Mable’s Cost Structure
  • Web Hosting and Maintenance Costs
  • Salaries for Staff and Contractors
  • Marketing and Advertising Expenses
  • Platform Development and Updates
  • Customer Support Services
  • Office Rent and Utilities
  • Transaction Fees
  • Inventory Management Costs
  • Legal and Accounting Fees
  • Research and Development Investments
  • Partner and Supplier Payments
  • Cloud Storage and Data Management
Mable’s Revenue Streams
  • Commission fees
  • Fees as a percentage of each hour
  • Add-on

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Mable’s Revenue Model


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

  • Healthcare
  • Two-sided market
  • Transaction facilitator
  • Online marketplace
  • Peer to Peer (P2P)
  • Healthcare
  • Customer relationship
  • Customer loyalty
  • Culture is brand
  • Radical transparency
  • Add-on
  • Best in class services
Analytics


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

Mable’s Case Study


Mable's CASE STUDY

In 2014, a journey began in Sydney, Australia, that would revolutionize the way individuals access disability and aged care support services. We are talking about Mable, an online marketplace that fuses compassion with technology to address a pressing societal need effectively. Founded with the mission to empower individuals seeking care and those offering it, Mable leverages technology to create a user-centered, flexible platform. This has not only transformed lives but also set new benchmarks in the healthcare sector.

The Genesis of Mable

Our journey began by addressing a simple yet complex problem: the inefficiency and lack of personalization in traditional disability and aged care services. From the outset, we opted for a peer-to-peer (P2P) model, where individuals could connect directly with care providers. This direct engagement model ensured that clients could handpick caregivers who met their specific needs, fostering trust and personalized care relationships.

Building Trust through Radical Transparency

Transparency is a cornerstone of Mable's unique approach. We prioritize building strong, trustworthy relationships by thoroughly vetting our care providers. According to data collected internally, over 95% of our care professionals undergo extensive background checks (Mable Internal Reports, 2022). Clients can review detailed profiles, credentials, and even feedback from previous clients. This radical transparency not only ensures safety but also enhances the client’s ability to make informed decisions, which is a critical differentiator from traditional care agencies.

The Technology-Driven Platform

What truly sets us apart is our advanced, user-friendly technology platform. Designed to simplify and streamline the caregiving process, our platform enables clients to browse through a diverse array of caregivers, communicate directly, and arrange services that align perfectly with their unique needs. In 2022, we observed a 30% increase in user satisfaction thanks to the platform's intuitive interface and seamless user experience (User Experience Survey, 2022). _Mark Johnson_, an expert in health tech, notes that "the success of platforms like Mable lies in their ability to leverage technology to meet real-world needs efficiently" (Johnson, Harvard Business Review, 2021).

A Commission-Based Revenue Model

Our revenue model is ingeniously aligned with the interests of both the care seekers and providers. Unlike traditional care agencies, we employ a commission-based system where a small percentage fee is charged on each transaction processed through our platform. This model ensures that our growth is directly linked to the success of our users. In 2021 alone, we saw a year-on-year revenue growth of 35% (Financial Reports, 2021).

Expanding the Community and Market Reach

Our community-centric approach has led to remarkable engagement and growth. As of 2022, we have thousands of independent care providers and countless satisfied users across Australia (Community Engagement Report, 2022). The scalability of our model, which grows in tandem with user demand, has been instrumental in this expansion. _Professor Emma Wong_, a noted expert in community healthcare, once said, "Platforms like Mable are redefining personalized care by creating strong, localized support networks" (Wong, Journal of Community Health, 2020).

Flexibility and Empowerment

One of our platform's distinguishing features is the flexibility it offers both care seekers and providers. Clients can negotiate directly with care professionals regarding services and rates. This flexibility ensures a tailored care experience, a significant improvement over the one-size-fits-all approach of traditional agencies. Furthermore, it empowers caregivers to control their work environment and schedules, fostering a win-win scenario for both parties.

Business Model Innovation

Our two-sided market model not only addresses the immediate needs of care seekers but also provides immense value to care providers. By offering additional value-added services, such as premium profile options and enhanced visibility, we have created a sustainable and scalable revenue stream. In 2022, these premium features contributed to 15% of our total revenue (Annual Revenue Data, 2022).

Social Impact and Customer Loyalty

Beyond business metrics, Mable's impact on society has been unparalleled. We have focused on creating meaningful, lasting changes in the lives of our users. According to a survey we conducted, 82% of clients reported a significant improvement in their quality of life thanks to our services (Client Impact Survey, 2022). Additionally, our customer loyalty program, enriched with community-building activities and regular follow-up, has led to an 80% client retention rate (Customer Retention Report, 2022).

The Future of Care with Mable

As we look ahead, our focus remains on expanding our reach, improving our technology, and further enhancing the care experience for our users. We continue to push boundaries by integrating features like AI-driven caregiver recommendations and real-time service tracking to ensure that our users receive the highest quality care possible. In conclusion, Mable is not just another company in the healthcare sector; we are a movement. By merging technology with compassion, we have transformed the landscape of disability and aged care services in Australia. Our unique approach, rooted in transparency, flexibility, and empowerment, emphasizes our commitment to elevating the standards of care and creating a better tomorrow for those who need it most. Every journey with Mable is more than just a service—it's a partnership built on trust, efficiency, and most importantly, human connection.


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