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Spend money to attract clients and advertisers.Hi. I am testing a job board idea. I wanted any advice that could help me. How can i get more clients? What do i need to keep in mind? And what's the best way to monetize this?
I was a recruitment consultant for 27 years - i saw the start of job boards, the success of some and the failure of manyHi. I am testing a job board idea. I wanted any advice that could help me. How can i get more clients? What do i need to keep in mind? And what's the best way to monetize this?
Don't waste your time with it - don't do it.Hi. I am testing a job board idea. I wanted any advice that could help me. How can i get more clients? What do i need to keep in mind? And what's the best way to monetize this?
And agencies are more interested in the cv database than ads as it is quicker - you can search people and speak to them faster than the competitor can write and ad and post itDon't waste your time with it - don't do it.
I would never normally try and discourage anyone from having a go in business but IMO you are onto an absolute royal financial beating trying to launch a job board of any description,
The absolute killer is the cost of marketing. Its driving candidates to your board, the google PPC cost is obscene. I would say you need a marketing budget of about £500k minimum if you are looking at a niche offering. More if its generalist.
Assuming you secure enough capital to drive high volumes of candidates to your board so that you can deliver a decent application rate to your clients, the next battle is getting recruitment agencies to part with any money, they are tighter than a ducks backside, even if you give them a free account as a trial and you send them candidates which they ultimately place they still wont want to pay you for your service and that's because they can source candidates from other established boards for low cost already.
There is probably something like 1,000 active job boards in the UK market, blocks owned by the same company, even Jobsite and Total Jobs are now owned by the same German publisher who offers package deals to advertise on both boards and their niche networks..
If you can target direct employers they are more profitable BUT you need to maintain high job numbers to keep job seekers engaged. To help you can backfill your board with jobs by partnering with CV library and others but then good candidates you have that they didn't have then ultimately drift off to their database.
In all, i would say avoid but if you go for it i would be interested how you get on, you will certainly have your work cut out for you - sorry i cant be more helpful or positive.