161. Become a millionaire with a job recruitment website within 1 year time - List job vacancies on 100+ free job websites/ job boards
This idea is superbrilliant I came up with...
As you know, for US companies to recruit an employee can cost over $5,000-$10,000 easily.
They usually submit their job vacancy to 1-3 paid job websites, at very high cost like $249 per month (limited at 50 resume views), all the way to $999 per month, and then they wait months if not 1 year to get an employee that fits the job description from 1-3 paid job websites.
Check out the prices at monster.com:
Here is where you come in. You are the cheapest job recruitment website. You list the job vacancy on 100+ different free job websites or free job boards for a price of a "mere" $99 per month. This may give 10-20x fold more exposure and return than only paying on expensive job websites like monster.com for $249 per month!
Free = worthless? No, for sure not!
We’re led to believe that if something is free, it usually provides little to no value. So, if you post a job ad on a free job board, you’re probably thinking that it won’t make much of a difference. Job boards don’t always make money just from companies posting their open positions – so they can afford to promote your job openings at no cost. Therefore, posting a free job ad on one of these boards can actually be pretty effective, depending on the position.
As said, you will get 10x-20x more applicants from 50+ free job websites than from 1 paid job website like monster.com
This requires, for each job vacancy, you fill in the complete job description on each job website and you follow up the process. It may take several days of work for you to place 1 job vacancy on 100+ free job websites.
Please ensure you include a specific email address for each company, like a Gmail, for example: suppose the company is Microsoft, you create an email address Microsoft_Hiring@gmail.com, or more professionally, you create an extra email address of your corporate webserver like Microsoft_Hiring@YourRecruitmentCompany.com and use auto-forwarders to Microsoft, the company's email address of HR.
The follow-up process also requires you to forward all the emails (like resumes of applicants) from this email address to the human resources email address of Microsoft, which can go automatically with email forwarding of your web server. (check CPanel of your website and look for "email forwarders")
Ensure you include their (the company's) phone number and contact details, or your phone will never stop ringing!
The business plan:
The first month, you must do the effort of posting the job at each free job website/job board, several days of work, then the next months you follow up.
Each month, you make $99 profit per month, but you have to follow up on the process of each posted job, also when the job is no longer available, you unlist the job vacancy from the job websites/job boards.
If you contact each company who are looking to hire employees, maybe 1 in 5 is interested to work with your company for helping them recruit employees, so you definitely can get easy customers for your service!
You can even charge $199 per month, because companies will wait in line to get your service, so you can hire employees to help you with this awesome business!
If there are only 10 job vacancies per month promoted with your recruitment website (on 100+ free job websites), then you already make $990 profit per month. 1 company may look for 10 employees already, that's 10 listings, and they pay you to do the recruitment work.
After 1 year, there may be easily 1,000 jobs promoted with your website each month, so you make 1,000 x $99 = $99,000 per month profit!
Or even better, charge a flat fee of $499 for this service to list and unlist the jobs.
Outsource the work to cheap countries. The job to post to 100+ job websites is tedious, not easy job and you need internet experience for these data entry jobs. You will hardly find Americans who want to do this for $499, maybe for $1,000, even if it's only 1 week of work. The solution is simple, you can ask an Indian software/internet company (or other cheap foreign company) if they can do this for $250, so then you make $250 profit per promoted job and you can scale your business. The first year, you should be able to promote at least 1,000 jobs, so you make $250,000 profit, the next year you should be able to promote 10,000 jobs, so you make $2.5 million profit!
That's a genius and superfast idea to become a millionaire!
To find free job websites or free job boards, type "place a job ad for free united states", or "free job ads united states" in Google search.
Compile a listing of free job websites and job boards where your service will send the job vacancies of your customers! Charge between $99 and $199 per month or a flat fee of $499 to companies to help them recruit employees cheaply and you are a millionaire in 1-2 years time! Also, this idea can be applied for any country, not only United States jobs!