Indeed has received quite a bit of attention and praise for their Google like job search engine.  Indeed allows you to search the internet for different jobs much like you would use Google to search the internet for a specific key word.  Indeed not only finds jobs posted on different job boards, but it allows job seekers to search company job boards. The product can save job seekers a lot of time, but it is for sure not the only tool job seekers should depend on.  Although Indeed’s rapid growth, they still have a US focus and have many deals to close to convince employers to post their jobs on Indeed.

While Indeed is busy focusing on the US market, this leaves the rest of the world open to other niche job search engines.  Why not have an Indeed for China, India, Russia, Brazil, etc….  Niche job search engines who become successful in their own country will for sure earn their own value and eventually become acquired.  Additionally, it seems like Indeed has a good business model that can generate some good profits, plus starting a second Indeed will not be as expensive as the first one.  Also, I am not aware of any patents that may prevent international copies of Indeed.  I will be interested to see how the job search engine market develops in the next few years.

In the last few months I have been able to to meet some successful owners of niche job boards. These owners have been from all over the world and have specialized their job boards in different verticals and geographies. Out of those I met, three have sold their job boards to larger companies for over $25 million dollars each. All three companies had been in operation for just under three years before they sold.

What made them worth so much? Well, they first were able to gain a large market share in their niche. Second, they were the first to market that were able to create a good brand. Third, they showed continuous growth and profitability. Most importantly, they had a team that could sustain continued success and transfer best practices to the rest of the larger aquiring company.

Good luck to all those starting your own job board. VR Recruiting is always willing to help you with your strategy, positioning, marketing, and technical needs. We love building communities and making them successful. Our goal would be to help you make over $20 million dollars in just under three years.