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Pedro's List Inc (PDRO) RSS Feed

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Pedro's List Shares Update on Technology

May 31, 2023 (ACCESSWIRE via COMTEX) -- Final Technology Developments Shared Proving the App Is Coming Soon.

LAS VEGAS, NV / ACCESSWIRE / May 31, 2023 / Pedro's List Inc. (PDRO), the next-generation service provider connection app designed to bring consumers together with home-related service providers in Mexico, shares specific details of the applications processes. This app will be the first Home-Related service provider app designed exclusively for the Mexican consumer.

Questions regarding how the app will actually function is shown here in this graphic.

The sign-up process is very simple, fast and efficient. You simply need your Name, Email and a phone number. Once they find the service provider(s) they need, they provide additional information. Vendors who facilitate functions (like financial transactions) are already in place and ready to begin testing.

Here is a look at what the app will look like from a mobile device.



 

Andrew Birnbaum, CEO, Pedro's List Inc. enthusiastically stated "We understand that whenever developing the final touches to an app requires patience to run through a variety of scenarios. Our team has been diligently working on this and we are very pleased with what we have so far."

"Putting the final touches on app and getting closer to launch is an exciting experience. We have such a high level of confidence, because the people involved have done this before. There is a lot to be proud of with our tech team". Added Eden Miller, Co-founder, Pedro's List Inc.


$PDRO Pedro’s List is set to revolutionize Mexico’s home improvement market via USA TODAY  

Quick quiz: Which country has the highest homeownership rate — Canada, the US, or Mexico?

Ten points if you said Mexico.

With an ownership rate of around 80%, Mexico is well above the United States and Canada, neither breaking 70%.

Next question: Out of Canada, the US, and Mexico, which country doesn’t have a developed service industry for homeowners?

That’s right — the answer is Mexico again.

There are no home improvement-focused online service-provider platforms for Mexico’s $12.3 billion home improvement market.

The home improvement and repair industry has long been a bastion of small mom-and-pop businesses. Only relatively recently did online platforms come along, making it easier for customers to find qualified, well-reviewed service providers.

Before these platforms came along, the lack of a centralized directory —especially a way to verify professionalism and quality — was a massive issue for homeowners.

There’s a reason the rule of thumb with home improvement and repairs is to expect any quote to cost twice as much and take twice as long when all is said and done. Until recently, word of mouth was the only way to discover good service providers.

For the same reason, it took a lot of work for quality providers to spread the word. They might be the best drywallers in the business, but without a huge marketing budget, companies had to rely on satisfied customers who knew others looking for the same service.

This is where online platforms change the game. Customers get to see everyone in their area that provides a service — along with reviews and samples of their work. Providers get their names in front of customers with their work vetted without needing expensive marketing efforts.

Online platforms create an industry that is more efficient and beneficial to all. Customers get to see all their options and reviews, and good contractors see their business expand without relying on outsized marketing budgets.

However, no one has brought these services to Mexico’s home improvement market.

Mexico’s untapped home improvement market

As noted above, Mexico boasts an impressive 80% homeownership rate — the best in North America.

However, Mexico is relatively unique in another way.

In Mexico, tenants are responsible for any home repairs or improvements a rental may need. That effectively means 100% of the residential real estate market are potential customers for home service providers. Large leasing companies don’t have on-staff plumbers or electricians, and residences don’t wind up neglected by tenants without any skin in the game. Instead, every dwelling receives the same attention that comes with homeownership.

This tenant responsibility difference is part of why Mexico’s home improvement sector is so large. But there’s another reason Mexico is a fertile country for these services. Mexico’s GDP is growing rapidly — outpacing US growth, in fact. At around $1.3 trillion, Mexico’s GDP is already larger than Spain, Saudi Arabia or Turkey. Mexico has the 15th-largest GDP in the world and is one of the top 20 countries without a home improvement sector organized on a platform.

What’s more, Mexico is a comparatively egalitarian society. Fifty percent of Mexican residents qualify as middle-class, and 30% qualify as upper-class. That’s part of the reason why Mexico has such high ownership numbers. Simply put, more people can afford houses, and more people can afford home improvements and repairs as well.

Mexico’s home improvement platform has arrived

Pedro’s List is currently being rolled out in the 16 largest Mexican metro areas today.

It’s modeled after other successful home improvement and repair platforms, providing a central place to find service providers while simultaneously vetting them for potential customers.

This is a service that comes with a substantial profit margin. Once the software is in place — and Pedro’s List has already developed the software — running the platform isn’t resource-intensive or costly. Much of the content comes from users themselves, meaning that the value of platforms like these grows over time. It also means that there is a huge first-mover advantage.

Pedro’s List isn’t just the first home improvement and repair platform to launch in Mexico. Currently, there is no other company or competitor on the horizon. This creates a straightforward expectation that Pedro’s List will dominate Mexico’s $12.3 billion home improvement market over the coming years.

With Mexico’s economy strong and growing stronger, this is a tremendous time to get exposure to Mexico’s real estate market, and Pedro’s List is an excellent place to start.

 
 
With timing and the elevation of world-changing apps, the life of a well-built robust app can be centennial. You have seen companies around for decades, some will reach over 100 years.

Every business strives to have a long, successful existence—but which goals make that longevity possible?

Let me first say that the goal of any successful business is to make a profit, but that is far from the only requirement to keep a company going for the long haul. Core principles and strategies are essential for true success and longevity as a company.

Pedro's list believes in the power of doing something right. We want both the Consumer and the Service Provider to have longevity. We believe that each side can be committed to excellence.


In comes the Pedro's List Version 2.0 app.

First is ownership commitment. The heart of a company lies within its founders and owners, so their commitment to the business and its vision is vital. Without this commitment from the owners, a company will struggle to stay ahead in a competitive marketplace.

With the power of our founder Eden Miller and CEO Andrew Birnbaum, there has been a lasting relationship. Their core views and dialogue exemplify a commitment to greatness and helping the people of Mexico have more opportunities.

Another necessary goal for the long-term success of a business is innovation. Companies must focus on innovating products or services to stay ahead of the competition. Looking at trends, understanding customer needs, and staying up to date on technology.


With our Pedro's list App V2.0, we are able to help Mexican business owners and the people of Mexico, with Home-service based offers.

People will be able to get registered for the app and have service providers work on their projects. All Service providers will be rated according to their experience and job performance, right within the app.

It is important to foster collaboration amongst your employees. Promote teamwork and creative problem-solving. Empower your employees to foster new ideas and solutions to keep your company’s competitive edge.


We are building our marketing segment for Mexico and working toward this as we speak.

Finally, have a plan for difficult times. Having a well-thought-out disaster plan can save a company’s reputation and longevity. It’s important to have the resources in place to handle issues and crises quickly to minimize the damage.

In conclusion, establishing ownership commitment, innovation, collaboration, and planning are essential components of longevity for any company. When all of these pieces are in place, success can follow for many years.  


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COMPANY NEWS
 
Pedro’s List Adds Two Independent Directors to its Board                                           ACCESSWIRE | 02/27/2023
 

 

From time to time, the Company may post new and material information on its website or through its social media profiles at the links below:
 

www.pedroslist.mx

https://www.facebook.com/pedroslistmx

https://www.instagram.com/pedroslist/

https://www.reddit.com/user/pedroslist

https://www.linkedin.com/company/pedroslist/about/

For more information about Pedro's List visit pedroslist.mx

Investor and Media Relations:

Integrity Media Inc.
(888) 216-3595
team@intergritymedia.com

SOURCE: PEDRO'S LIST, INC.
 

DISCLAIMER:

Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
  

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