Many popular job boards continue to generate billions in revenue. Job portals like Careerbuilder, Monster and Indeed are here and aren't going anywhere. However, the market is changing and if you want to remain profitable by 26%, your job board must be unique. Unlike many other websites, such as blogs or information resources, job boards are designed to generate money for their owners.
The number one method that job boards use to earn money is by charging employers for job offers. What employers expect in return is the number of applicants they are satisfied with. Therefore, the more qualified candidates you submit, the more you can charge employers per job offer. The obvious way to start earning money quickly with your job board is to charge employers a fee for posting their work on your website.
Prices on the web vary greatly depending on the site's popularity, prestige, industry and package options, such as the lifespan and visibility of an advertisement, so be sure to research and set the right price. In highly competitive markets, it's sometimes possible to charge job seekers a monthly or weekly fee to view jobs. So if you're interested in how to monetize your job board with Google Adsense, you can see how to do it from Google itself. Suppose you create a specific job board for colleges and universities to employ both current and former students.
From comments on Twitter to mass emails and personalized matches, there are many personalized products you can offer so that your customers choose your job board over any other. If jobs are also available for free on sites like Indeed, job seekers will quickly discover it and your brand will suffer. We offer a platform with all the features you need to start, run and grow your SEO-optimized workflow. We have a LOT of material you can check out to learn more about how to make money by taking advantage of one or more job boards that you can create.
First you'll have to fill in a CSV with data and use the appropriate column headings, such as company, position, job description, industry, salary, etc. In this way, a job board can capture additional income from employers who are willing to pay more and get more candidates. However, this is not usually the main business model of job boards and is considered more of a last resort or an additional source of income for beginners. With millions of people underemployed, high-level job boards that connect qualified applicants with employers have never been more important.
If not all, almost all job boards rely on Google search traffic to get candidates. However, if you run a specialized job board with a smaller resume database, you can give employers access to your entire database and charge the same amount or even more money, since you'll offer candidates who are primarily in their target niche. Some job boards also offer a premium service, which includes the possibility for employers to receive reports on who has visited their ad and who has applied for their position. Sometimes, job boards also earn additional income by offering to manage the entire hiring process for their clients.