PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
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From United Kingdom, London
lavika yadavHi Sonia,
I think you should go for monster.As i have observed that people who register on naukri also register on monster.
Shine is bit less popular among freshers but if you are looking for telecaller profile than shine is good..
So better you share the type of requirements accordingly we will be able to help you.
From India, Mohali
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From India, Delhi
Sonia GaubaThank you all for your inputs.
Robin, We have been keeping the option of consultants open but that costs a lot. Being a start up company ,We can't rely on consultants all the time. But yes, the idea seems perfectly suitable. Thanks again
From India, Delhi
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From India, Bangalore
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From India, New Delhi
HardeepI asked this in another thread but did not get reply - maybe will get one here :
- What is the Revenue Model of the " Free Job portals " given that they must be spending at least SOME resources on the same ?
Any long term , totally free success story around ? And any idea how that is surviving ?
From United States, New York
Cite ContributionDear Hardeep,
Almost every job portal started as a free service. They actually used to encourage employers to post in their domain. Some of them even had teams to collect job posting from the employer's end and post it manually.
The cost of operations is recovered over a period of time where the resume posting escalates and the employers are willing to pay.
The cost of running operations till the Break Even Point isn't too high . However , it may surmount beyond that as the portal needs to spend on marketing programs and sales team.
The Naukri Story is the best example.
From India, Mumbai
HardeepThanks (Cite Contribution).
yes, I also recall the times when some Job portals were even offering people money to post their CVs/ refer friends.......wonder what happened to them...
Of course pretty much " free / low cost " scripts exist now to set up something like a Job portal ( we are partly using one, albeit I am NOT very happy with it - a rip off, IMHO - but another story, another time... ) .
As you also indicate, much more expensive could be the spend to acquire crowds - of CVs to begin with....
Naukri had the first mover advantage - with a strong prior track, if I remember correctly of salary surveys ? Even they reported only about 4 % odd increment in Operating profits FY 2012-13......see :
Naukri Profit Down 16.62% In FY13; Net Sales At Rs 434.9 Crore - MediaNama
Interesting that this was picked by a " media " site...also, note this is not only of Naukri but of all their properties put together ....and incorporates the ad. revenue / profits they get by serving up ads - a pure play on ads but of course dependent upon the crowds...
Monster of course had a bad 2011 and is only now coming back....but still reported a YtoY decline to approx. 7 % in 2013:
Monster Worldwide Inc.: Mixed Results but Below Target Price - GuruFocus.com
It'd be interesting to get some hard data of some emerging portals - P&L account of last few years , for example...
Lest I be misunderstood, please note that I am not trying to put down any portal here - old or emerging - I am just curious to know how they see the market and the data they have / are relying on...
From United States, New York