If you are a newbie who is looking to start a job board you need to analyze the market you want to enter. There are some specific things you need to look for to determine how successful a new entrant might be.
1. How many other job boards serve that industry or location? The more there are the worse chance you have of cracking that market. The job board biz is a very mature one. Chances are most popular niches already have well-established players. If you want to go up against them the deck has already been stacked against you.
2. Whats the job market like? If you want to start a regional job board how is the job market in that area? For example North Dakota’s unemployment rate is like 3.3% while California’s is 11.7%. I would want to start a california job board right now. ND is more viable.
3. Is the industry hiring? If you are targeting a specific industry to launch in is that industry generally hiring? Engineers are hot right now. Construction is not. Choose your niche wisely. Be different. Offer employers something the others cant.
