Crowdsourcing Naming Platform Squadhelp Records 3X Revenue Growth in 2016

    CHICAGO, IL, August 11, 2016 /24-7PressRelease/ -- Crowdsourcing platform Squadhelp has carved a niche for itself in the industry with a record 4 million business names submitted by its 50,000 strong global user base. This landmark achievement coincides with the company's 3X revenue growth since the start of 2016 and the launch of their updated website that boasts better user design and new features that further enhance their highly collaborative branding process.

For businesses, coming up with a good brand name that truly conveys the uniqueness and value of their product or service can be an expensive and complicated process. With Squadhelp's crowdsourcing packages (contest award money included) that are priced as little as $199, clients receive original brand name suggestions from creative talent across the globe that not only stand out and clearly reflect what the business is offering, but also play a monumental role in the growth and perception of the brand.

Squadhelp's advanced scoring algorithm that self-curates top creatives makes meritocracy in crowdsourcing a reality. The platform's rating system ensures only high quality submissions are aptly rewarded and limits the participation of contributors in future contests whose entries do not receive high ratings. Additionally, new users are not allowed to participate in all contests until they have demonstrated an acceptable level of quality in their submissions.

"Squadhelp is not just another crowdsourcing platform. It is a creative and financially rewarding outlet for contributors around the world who are willing to put in the time, thought, energy and effort to compete by suggesting memorable business names. We go the extra mile to ensure that contest holders do their bit, as we believe that providing quick inputs and ongoing feedback is extremely critical for the successful outcome of a contest," said Darpan Munjal, CEO and Founder of Squadhelp.

Apart from the creative award from the client, Squadhelp rewards high performing contestants with additional benefits in the form of Squadhelp Points that allow them to submit more entries and even mark two submissions per contest as "Best Entries" to increase their chances of winning more contests. Apart from brand names, clients can choose from other crowdsourcing categories like taglines, logos and marketing projects. The pricing is transparent and upfront - for an additional fee, they can opt for features such as Premium Contest Listing, Non Disclosure Agreement (NDA), Trademark Search, Search Engine Privacy, Invitation Only contests and more.

"These new features combined with our focus on quality enables clients to find a perfect name for their brand in less than 24 hours, at a fraction of the cost of hiring an agency. Our clients love the highly collaborative process and the feedback they receive from our extremely loyal and talented community of creative. This is evident, going by the rapid growth we are witnessing in the adoption of our platform," said Munjal.

While Squadhelp has attracted creative talent around the world, the geographical distribution of their active creatives indicates that over 70% of all submissions are from those based in the US and other English speaking countries.

More information about Squadhelp and their crowdsourcing services is available here.

Squadhelp is an innovative crowdsourcing platform through which companies can post contests for their naming and branding projects. Creatives around the world compete and submit top quality and targeted names, taglines and logos to help businesses build a perfect brand at an affordable cost.

Media Contact:

Name: Darpan Munjal
Phone: +1 (844) 447-7823
Email: [email protected]

# # #