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Two Years to Make $10 in Software Revenue

beamjobs.com

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Re: Two Years to Make $10 in Software Revenue

#71

Post by literallycancer »

dataminded wrote: post #50
stephen_greet wrote: post #13

Earlier quoted context omitted.

Thanks a lot for the thoughtful feedback, it's much appreciated it! Right now the resume builder is general purpose for people wanting to work in tech. We went down the path of charging companies for access to qualified candidates and the lesson we learned is that you first need a critical mass (which is bigger than we initially thought) to make it scaleable. To get enough job seekers looking for a specific job in a…

This feels like a good chance to do things that don't scale. We write meaningful sized checks to recruiting agencies that look for people on LinkedIn and pitch them on taking our jobs.

A bit off topic but - how meaningful & do they just contact people on LinkedIn and that's it? I'm connecting good people with good jobs on the side, so fresh market info would be quite useful.

Re: Two Years to Make $10 in Software Revenue

#72

Post by SecurityMinded »

So, basically you have figured that you will not be able to extract money from big corporations with deep pockets and you decided to go for the small fish, i.e. the job seeker. What a novel idea... If I had a penny every time I have seen this model repeat itself, I could probably buy the fanciest drink in Starbucks menu. I was hoping for a miracle solution to make companies pay for a novel idea, but nope.. No such luck. If you can not rob the rich, rob the poor. Move on... nothing new here obviously.

Re: Two Years to Make $10 in Software Revenue

#73

Post by microtherion »

StavrosK wrote: post #14

Hmm, why is the $109k in revenue not counted? I'm a bit confused.

Another question I had about this figure is that they mention that typical fees are around 15-25% of salary, so the above would correspond to about $500k in total salary of the people recruited, which would mean… anywhere between 2 and 5 people recruited?

Re: Two Years to Make $10 in Software Revenue

#74

Post by econcon »

Making profit is like digging for water. Can use crystal ball or tarrot card or pair of sticks, as long as you are digging in the right spot where water is found - you'll make money.

Problem occurs when you dig wrong spot over and over.

For example, in Covid time I saw that people were printing face shields and other stuff, I quickly figured out that there will be major filament shortage in time to come and started creating filament: https://medium.com/endless-filament/make-your-filament-at-ho...

I made €7000 in less than a month.

Re: Two Years to Make $10 in Software Revenue

#75

Post by ackbar03 »

mattmanser wrote: post #57
bananaface wrote: post #56

Earlier quoted context omitted.

Appetite for risk and energy both decrease with age.

Middle aged founders are the norm and more likely to take risks because they have financial backing and experience. They're also going to have been exposed to genuine opportunity, instead of a resume builder a college grad might think was a clever idea, and anyone else thinks is kind of a waste of time, as evidenced by the comments here. It's always been the case, it always will be the case. With the briefest of Goog…

I think there's selection bias for success stories of both young and middle aged founders. For middle aged founders, I feel like the ones that you hear about, i.e. having worked in the industry for a number of years before spotting a good opportunity, also need to be fortunate enough to be in a position for all those things to line up as well. For me, I couldn't see that ever happening down my career if I stayed in my finance job, only being shackled to my job by the high pay. The opportunity cost of quitting gets worse as you become more senior. But who knows, I could be wrong. In my case it also made it easier that I didn't really like my job and that my boss was an idiot.

Re: Two Years to Make $10 in Software Revenue

#76

Post by peter_d_sherman »

>"Finally, after bumbling around for 7 months I started to get somewhere with my conversations with hiring managers.

I honed in

the biggest problem they had time and time again when hiring technical talent: finding qualified people interested in applying for their roles."

Re: Two Years to Make $10 in Software Revenue

#77

Post by mattmanser »

ackbar03 wrote: post #75
mattmanser wrote: post #57

Earlier quoted context omitted.

Middle aged founders are the norm and more likely to take risks because they have financial backing and experience. They're also going to have been exposed to genuine opportunity, instead of a resume builder a college grad might think was a clever idea, and anyone else thinks is kind of a waste of time, as evidenced by the comments here. It's always been the case, it always will be the case. With the briefest of Goog…

I think there's selection bias for success stories of both young and middle aged founders. For middle aged founders, I feel like the ones that you hear about, i.e. having worked in the industry for a number of years before spotting a good opportunity, also need to be fortunate enough to be in a position for all those things to line up as well. For me, I couldn't see that ever happening down my career if I stayed in m…

If you actually pay attention, you will see opportunity everywhere at your job.

Even if it's just copying your employer.

Re: Two Years to Make $10 in Software Revenue

#78

Post by untangle »

jacob_rezi wrote: post #24
fampi wrote: post #20

You will not like the path you are on. - Google Namedropping is annoying like hell and i have seen it plenty of times. You will not feel great if you need to bring that up all the time - When i google for Resumes, resume.io is the first hit with ad and it cost 3$ - When i go to your website, i don't even know that it is a paid product - People really don't care that much about there resumes. I have seen probably 50 o…

this perspective is exactly right. I would be very interested to hear your thoughts on our resume software - https://rezi.io

You use the term "ATS" above the fold (in the headline!) with no explanation as to what it is. I found this confusing and wondered why I would even want such a thing.

Re: Two Years to Make $10 in Software Revenue

#79

Post by jacob_rezi »

fampi wrote: post #43
jacob_rezi wrote: post #24

Earlier quoted context omitted.

this perspective is exactly right. I would be very interested to hear your thoughts on our resume software - https://rezi.io

When would i use your website? The reason is simple: I need a resume. Now what irritates me a lot is simple: Why would you offer a subscription? I think you offer a subscription because you would like to have a self sustainable business. You were looking for something small to build and want to make money. Subscription means easy money. But thats just wrong. I'm finding your webpage in the moment i need a resume. I n…

Good points. We see our churn being pretty high as one might predict.

This year we starting selling the software directly to universities (https://www.rezi.io/resume-management-system)once this picks up a bit more - we plan on making Rezi completely free for job seekers. But reviews are solid, I'm baised, but I think this is the best resume software in the world.

Re: Two Years to Make $10 in Software Revenue

#80

Post by igornadj »

SecurityMinded wrote: post #72

So, basically you have figured that you will not be able to extract money from big corporations with deep pockets and you decided to go for the small fish, i.e. the job seeker. What a novel idea... If I had a penny every time I have seen this model repeat itself, I could probably buy the fanciest drink in Starbucks menu. I was hoping for a miracle solution to make companies pay for a novel idea, but nope.. No such lu…

Business isn't a zero sum game, providing a service isn't robbing the poor.
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