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LinkedIn has 1 billion users and generated only 15 billion. Of which only 7 billion from Recruiter premium plans. This is very small amount for the number of us

LinkedIn has 1 billion users and generated only 15 billion. Of which only 7 billion from Recruiter premium plans. This is very small amount for the number of users. With the marketplace model they could easily reach 60+ billion, since all users will be interested to make money from their profiles, generating views and other activity. Just re-read my points and think about it twice. The marketplace model is much better than current subscriptions.

dangus 3y ago
Problems with your idea: - For point #2 how do they know if it’s the right profile before they pay to view it? Companies look through hundreds maybe even thousands of resumes for any given role and you think they’ll be happy to pay per profile? - If profile views are paid to the person who owns the profile it basically incentivizes people to make bogus content or content for content’s sake. Why shouldn’t I make 100 fake accounts with fake IDs? Even if I wasn’t making a fake account I’d be incentivized to game my profile for cash rather than gaming it to help my career. - You’re assuming a competitive vacuum. If you’re saying LinkedIn will make 4x revenue with the flick of a wrist companies will bail and start using Indeed instead. Increase the spend by 4x and you’ve just made the market way more attractive. You might as well suggest that Apple charge $4,000 for the next iPhone. - LinkedIn’s daily active users is peanuts compared to Facebook which is why their revenue is only 15 billion like you say. LinkedIn is at 125 million DAUs while Facebook is 2 Billion. This is why LinkedIn makes much less money. - The “amateur armchair quarterback” factor: if there was a simple way to grow revenue by 4x like you suggest, don’t you a company of very smart people like Microsoft would have already increased their revenue by at least 2 or 3x by now? What could you possibly know that they don’t? Hey Patrick Mahomes have you tried throwing touchdowns more often? That could really improve your win ratio.
- berkimbayev 3y ago
  Okay. You have the right to think in any way you want. But LinkedIn cannot change their model overnight, it has a stable business and income. Yes, they have many smart people, managers and engineers, and expert shareholders - but their goal is to keep the status quo. That's the problem with large stable businesses. And that's why we always have disruptive startups - that change the status quo and shake the whole market. Apple did this with the iPhone, when many people said buttons would stay forever. LinkedIn has a small number of active users, because they have expensive subscriptions. That's the point. Nobody is interested to use the product that doesn't provide value. The marketplace model would allow users to earn from their profiles, increasing the activity 10x times, increasing the overall revenue. This is how AirBnB works. This is how Amazon works. This is how AppStore works. You can always make basic open profiles with basic info. But if you want to get detailed info, contact the person, chat, interview, sell something - then pay. This is the merketplace model. The entire point of my entry is to describe this model to smart doers, who will take this idea and build the next billion-dollar business.
  - dangus 3y ago
    Sounds like there’s a huge opportunity then, maybe you or someone else will be breaking into this space soon. I’m skeptical because nobody has tried your idea and there’s been no real barrier for implementing your idea. > but their goal is to keep the status quo No, the goal of a company leader is to maximize profit. Microsoft themselves flipped their entire business model away from being Windows-centric to maximize profit. Imagine 1999 Microsoft letting you install Linux on Windows or run Linux servers in their data center because it had profit potential that Windows could ever achieve. Azure was a huge shift for Microsoft. They would do the same for LinkedIn if they saw the potential to quadruple revenue like you claim.

dangus 3y ago

Problems with your idea: - For point #2 how do they know if it’s the right profile before they pay to view it? Companies look through hundreds maybe even thousands of resumes for any given role and you think they’ll be happy to pay per profile? - If profile views are paid to the person who owns the profile it basically incentivizes people to make bogus content or content for content’s sake. Why shouldn’t I make 100 fake accounts with fake IDs? Even if I wasn’t making a fake account I’d be incentivized to game my profile for cash rather than gaming it to help my career. - You’re assuming a competitive vacuum. If you’re saying LinkedIn will make 4x revenue with the flick of a wrist companies will bail and start using Indeed instead. Increase the spend by 4x and you’ve just made the market way more attractive. You might as well suggest that Apple charge $4,000 for the next iPhone. - LinkedIn’s daily active users is peanuts compared to Facebook which is why their revenue is only 15 billion like you say. LinkedIn is at 125 million DAUs while Facebook is 2 Billion. This is why LinkedIn makes much less money. - The “amateur armchair quarterback” factor: if there was a simple way to grow revenue by 4x like you suggest, don’t you a company of very smart people like Microsoft would have already increased their revenue by at least 2 or 3x by now? What could you possibly know that they don’t? Hey Patrick Mahomes have you tried throwing touchdowns more often? That could really improve your win ratio.

berkimbayev 3y ago
Okay. You have the right to think in any way you want. But LinkedIn cannot change their model overnight, it has a stable business and income. Yes, they have many smart people, managers and engineers, and expert shareholders - but their goal is to keep the status quo. That's the problem with large stable businesses. And that's why we always have disruptive startups - that change the status quo and shake the whole market. Apple did this with the iPhone, when many people said buttons would stay forever. LinkedIn has a small number of active users, because they have expensive subscriptions. That's the point. Nobody is interested to use the product that doesn't provide value. The marketplace model would allow users to earn from their profiles, increasing the activity 10x times, increasing the overall revenue. This is how AirBnB works. This is how Amazon works. This is how AppStore works. You can always make basic open profiles with basic info. But if you want to get detailed info, contact the person, chat, interview, sell something - then pay. This is the merketplace model. The entire point of my entry is to describe this model to smart doers, who will take this idea and build the next billion-dollar business.
- dangus 3y ago
  Sounds like there’s a huge opportunity then, maybe you or someone else will be breaking into this space soon. I’m skeptical because nobody has tried your idea and there’s been no real barrier for implementing your idea. > but their goal is to keep the status quo No, the goal of a company leader is to maximize profit. Microsoft themselves flipped their entire business model away from being Windows-centric to maximize profit. Imagine 1999 Microsoft letting you install Linux on Windows or run Linux servers in their data center because it had profit potential that Windows could ever achieve. Azure was a huge shift for Microsoft. They would do the same for LinkedIn if they saw the potential to quadruple revenue like you claim.