About the Winner
This is based on the number of votes received and does not reflect the quality of the business or chances of winning.
spendLO (www.spendLO.com) enables consumers to "name their price" on service-based transactions. The site matches users with prequalified, local service providers who compete for the right to fulfill their service needs. The spendLO model provides local small businesses with a cost-free, risk-free way of acquiring new clients and increasing company revenue. Everyone wins, including the local economy, as 80% of every dollar spent is re-directed back in to community development.
Since the June 2012 launch, we have since generated in excess of $200,000 in revenue for local small businesses and currently have over 500 active users and 350 registered vendors on the site. We've also been featured by all of the major news outlets in our test market of South Florida. Here are links few of the stories:
Palm Beach Post (http://www.palmbeachpost.com/news/business/new-website-connects-customers-low-price-businesse/nSZWW/)
Sun Sentinel (http://www.sun-sentinel.com/business/fl-spend-lo-vasquez-20120723,0,4434689.column).
CBS Affiliate (Palm Beach) (http://www.youtube.com/watch?v=OqwsdTYav64)
Fox Affiliate (Miami/FTL) (http://www.youtube.com/watch?v=bSDzJPSIoRg).
spendLO believes it should be considered as a winner of the StartupNation 2012 Home-Based 100 Competition as the company truly assists in the stabilization of the U.S. economy. The site saves consumers a fortune (resulting in a higher quality of life) and helps small businesses grow without taking on any adverse risk. As a byproduct of its success, spendLO creates jobs, generates much needed tax funding used to support local schools and infrastructure and creates a sense of pride in the community, which is often missing in a down economy.