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ceasar
08-03-2011, 04:42 PM
Hello people,

I got a really good business idea, but am not much of a business head unfortunately.

Basically I want to make a recruitment website, but similar to facebook. (on the same scale of facebook)

All my dreams and hopes are hanging on this business idea and I know I got something niche... and potentially explode on a global scale.

I would like to start up this business’..Late this year, or probably next year.

But at the moment I am a bit clueless... in what to do, and what to find out??? and what areas of business to look at?

Any help will be very much appreciated. THANK YOU

damion
08-03-2011, 05:10 PM
Well you need to research into how your idea will work, the benefits to people why they would register with you, and the negatives, my best advice is to write everything down all your ideas for your venture, that will help with your brainstorming of building the picture.

Hope I've helped a little?

Damion.

Mobilite
08-03-2011, 06:31 PM
Ceas. Bit of a coincidence as I was just reading about something v. similar yesterday. Person named Tarnowski who set up a social recruit. company in 2008 (BraveNewTalent) but recently managed to get funding for a few hundred thousand recently - I suggest you look into it. Here an interview etc.
http://www.guardian.co.uk/media/pda/2010/oct/11/recruitment-startup-bravenewtalent

liams7
08-03-2011, 09:22 PM
(on the same scale of facebook)




Really?? Im in. What i got to do to get a peice of the facebook?

ceasar
09-03-2011, 02:25 AM
what exactly should i do first then? ...market research?? and what areas should I research into

KoOSK
09-03-2011, 09:17 AM
what exactly should i do first then? ...market research?? and what areas should I research into

From a being right in the thick of it with a recruitment business myself - I would quit while your ahead. The recruitment industry is a very fast pased, multi million pound industry. As soon as new ideas come up pretty much every job board, every large recruitment agency, every recruitment website specialist jumps on it and creates their own spin on it. We saw the same with the "E-Recruitment" concept where its online recruitment - What happens in a round about way is you post your job to 1 website, They then post that same job out to x amount of job boards for a fixed 1 off cost and you handle the responses. The market is now flooded with these types of websites. Your idea alone has rang in my ears by atleast 4 - 5 other people over the past 2 -3 months each with a slightly different approach but all with the same intention.

Unless you have bags of money behind you to heavily market your site - I wouldn't bother taking it any further - please take it from me, I have approx 3 years experience solely in online services for recruitment and I am now in the process of developing my 4th website for one of the UK's fastest growing specialist recruitment agency.

KoOSK
09-03-2011, 09:18 AM
p.s. The fact that you have even mentioned your idea on a public forum is very bad!!! - I could take that idea and create my spin on it and role it out within a month. I won't because I don't see value in it, but I could put money on that that there are other "web developers" seeking ideas that will come along and steel that idea.

damion
09-03-2011, 09:31 AM
p.s. The fact that you have even mentioned your idea on a public forum is very bad!!! - I could take that idea and create my spin on it and role it out within a month. I won't because I don't see value in it, but I could put money on that that there are other "web developers" seeking ideas that will come along and steel that idea.

Well I hope not, some very good points though made there.

ceasar
09-03-2011, 11:58 AM
Koosk....all I said that am interested in doing a recruitment website, but similar to facebook ...thats all i said.

i never really mention what my idea was in detail. I have a massive twist and making it similar to facebook isnt it.


As your in recruitment yourself, what you think my first steps should be? to look into...

KoOSK
09-03-2011, 12:35 PM
Koosk....all I said that am interested in doing a recruitment website, but similar to facebook ...thats all i said.

i never really mention what my idea was in detail. I have a massive twist and making it similar to facebook isnt it.


As your in recruitment yourself, what you think my first steps should be? to look into...

Unfortunately I cannot help you with this, simply because I don't see it working - Whether you have a twist or not the recruitment sector is far too big for you to make a decent profit from it, as soon as you launch a website even if its the worlds best idea that hasn't been seen before the big players in the game i.e. the big job boards, big recruitment companies etc will just do the same if not better and you will be pushed in the dark. I hope I am eating my words in a year or so time and you are a success but I cannot help you out for those reasons.

FYI- I am not in recruitment!! - We server a recruitment business with the services we provide and from this our knowledge in recruitment and e-recruitment developed.

lewisbassett
09-03-2011, 02:52 PM
@ceasar - Although KoOSK is adament that a new innovation for the recruitment sector would not work on your scale (and it does sound like KoOSK is speaking from alot of direct experience), have you stopped to consider how your unique twist can be used for other unrelated problem domains?

Did you know that the scientific understanding of the flow of time actually came from people trying to make better steam engines? Its application, the second law of thermodynamics, is used by cosmologists to predict the future of the universe in Google-plex number of years.

If your twist is as good as you say, take KoOSK's advice and keep it to yourself until you have something that can be protected.

lordlancaster
09-03-2011, 11:45 PM
Start by doing some Market Research to see if there's a demand for your business, where your users / clients / customers will come from and how much they are willing to pay.

Take a look at http://www.shell-livewire.org/business-library/market-research/ for tips on how to get started. ;)

KoOSK
10-03-2011, 08:37 AM
ceasar (http://shell-livewire.org/forums/member.php?u=132159), I may of been a bit to blunt, I still do stand by what I say that the recruitment industry is an incredibly demanding and fast pased industry so personally I would avoid trying to penetrate that market if you can especially if you don't have any experince within it, but as lewisbassett (http://shell-livewire.org/forums/member.php?u=1013290) fantastically put it - Try and see if your idea will work amongst other industries.

I am more than happy to discuss your idea in great detail and attempt to give you guidence on your approach if you require? - Simply contact me through KoOSK with your plans and I shall advise from there.

Finally as Lordlancaster said conduct market research but as part of that research please look to implement it in other industries - I can give you some indication of similar industries to recruitment.

sainte
10-03-2011, 09:16 PM
Have to agree with a good degree of the feedback on here. I also looked at a recruitment site in an industrial sector I have extensive experience in, and a lot of insight into. Whenever I've had an idea I of course do extensive research, but my first bit of number crunching is to look at realistic costs to set up something on a commercial basis. When doing this with the recruitment idea I quickly concluded I'd need £15-20k to do something properly. And that was a basic set up. E.g. buying a fully functional job board, with full user and administrator CMS, and interactivity and a degree of bespoke design. Then some dosh on advertising in trade magazines and online marketing via google adwords. It may be that you have a unique insight into something. Whilst I have a unique insight into this particular sector, I quickly found that to get sufficient awareness to drive traffic and build up a critical mass of jobs (both for users and posters of jobs) would take a good deal of money.

And then, the admin required is significant. All good if you've got capital behind you or an existing business to divert admin staff onto a new venture until it brings in cash to pay for dedicated resource. But if you don't, then as I did, it is a non starter!

As I think Koosk said this is a hyper competitive industry. You can get a pretty decent site up and running for less that what I was looking at. But if you want to make it properly commercial then at some point you will need the white label job board software that goes behind it. Before this point the starting costs are relatively low, and therefore no disincentive to get into it. I'd take Koosk up on his offer as it sounds as if he knows the area well.

harjos
11-03-2011, 10:05 AM
I appreciated your confidence. First make a attractive website. Lot of planning including website optimization, SEO works need to make your site commercial. Make all companies to place their need in your site. Best of luck.

florenceij
11-03-2011, 10:25 AM
Hi Ceasar prior to any website development and branding, ensure that you have researched and identified your target/key market. This step is crucial and important. Identify your competitors or potential competitors and your unique selling points (what sets you apart). Write up your business plan, you will be amazed how a lot will change when you do this exercise. Once you have done all these, If positive then go ahead and sample the market etc.

The recruitment industry is very competitive and fragmented. There are loads of online resources (e.g Shelllivewire my business kit, local library) to help you with this and if you can, attend your local business link or university business start-up courses.

KoOSK
11-03-2011, 01:06 PM
Ok the biggest problem with recruitment is you are relying on 2 types/groups of people i.e. Candidates/Jobseekers and Clients/Employees - and therefore the reason why recruitment is so competitive is simply because 1} Candidates/Jobseekers have been swomped with recruitment websites/job boards/career advice etc so for you to stand out from the rest will cost a collosal amount and you will instantly be up against the big players in the game who can easily throw £100k at a tv ad. Then you have the problem of attracting employers/clients - Again employers get phone call after phone call from job boards/recruitment agencies etc all wanting to be the approved recruiter for their business and with these large companies offering rebate schemes, and free recruitment etc you will not stand a chance.

We have and continue to look into many different innovative e-recruitment and offline recruitment techniques/ideas and more often than not having done the number crunching it works out the profits extremely low and very difficult to achieve.