business idea competition: miaoguide
TRANSCRIPT
A Professional Platform for Chinese Job Seekers in US
Demin Wang | Kan Zhang | Si Han | Xinyu Hu
Problem
Difficulties Finding Jobs in US1 Challenges to find
Chinese Candidates 3No Easy Way to Referrals Among Peers2
Now We Have
Solution
Match
ShareJob SeekerEducation
LargestChinese Job Referral
Platform in US
Online/OfflineTraining Programs
Real-timeVisibility & Matched
Job Needs
SustainableNetworking & Referral
How It Works?
Step 1: IdentifySign up & upload resume
Step 2: MatchMatch job seekers to open jobs
Step 3: ApplyTake the opportunities with ease
Options: TrainingImprove interview skills
Options: NetworkingMeet more professionals
For Job Seeker
How It Works?
Step 1: PostSign up, upload job description & criteria
Step 2: MatchMatch candidates to your position
Step 3: Refer to HR/ManagerDeliver the candidate’s profile to company
For Referrer (Peers)
Step 4: RewardGain $cash bonus from MiaoGuide
How It Works?
For Recruiter
Step 1: PostSign up, upload job description & criteria
Step 2: MatchMatch candidates to your position
Step 3: AttractAttract qualified candidates with ease
Options: Reach more candidatesView more candidates resumes
Options: Branding yourselfImpress your prospects on MiaoGuide
How It Works?
Job Seekers Referrers Recruiters
Automatic Matching
Qualified Candidates
Productive Recruitment Tool
Lower Costs
Business Model
RecruiterReferrer Job Seeker Miao Guide
Cash Reward$1-$3/applicant
Referral job Application Fee$10 / job or
$200 / month
Training Programs$100/session
Sponsor Events$1,000+
Networking$0-$50 / Event
Candidate’s Fee $2 / candidate or $300/month
Listing Fee$0 - $300 / job
Training$250,000
Event$50,000
Application Fee$30,000
Candidate’s Fee$900,000
Listing Fee$270,000
Events$12,000
Job Seeker Recruiter
Est. Revenue in year 3
$1,512,000
$330k
$1,182k
Market Validation
Referral is the most effective way to find a job in US
Marketing & Sales
Job Seeker
• Chinese Chambers in US• University Career Center• Staffing Companies
• Chinese Companies in US• US Companies expanding
into China Market
• Email Marketing• Direct Marketing
Target
Reach
Strategy
Recruiter
• Free service in Pilot Run• Ambassador program
• Chinese Students in US• Employed Chinese who
seeks for new job
Referrer
• Employed Chinese
• Reward $Bonus
Recruiter Job Seeker
• Networking Events • Student Organization
Website/app: SEO+PPCSocial Media: WeChat, Weibo, Facebook, LinkedIn
Competitive Analysis
MiaoGuide Direct Competitors Indirect Competitors
Price for Job Seekers $-$$ $-$$ $$$
Price for Recruiters $$$ $$$ $$$
Value for Referral √ × ×
Easy to find jobs √ √ ×
Matched search results √ × √
Job Seekers Education √ × √
Networking √ × √
Financial Projections
Year 1 Year 2 Year 3 $68
$447
$912
$422
$510
$600
EBIT Expenses
Financial Projections – (in $000’s)
$490
$957
$1,512
Company RoadmapQ4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018
Organization Development
Product Development
Customer Validation
Fund Raising
Staff RecruitingCompany Formation
Office Set up
IT System Development Beta Testing Web System Operational App Development
Training Program Launch Events Launch
Pricing Strategy Planning
Recruiter and Referrer validation Test Marketing Continuous Customer Validation
Seed
$150K
Series A
$1-3M
Onboarding & Training
Business Development with recruiters
2016 2017 2018
3/17/2016MiaoGuideLaunched on WeChat
UTD BIC
FirstFundingRound
Company Registration
WebLaunch
Business Development in Texas
Business Development in US
SecondFundingRound
Break-Even
Marketing Strategy Implementation
Management Team
Demin Wang | CMO & FounderM.S Marketing-UTD2-year’s experiences in marketing & sale
Si Han| COOM.S Marketing-UTD2-year’s experiences in HR Management
Xinyu Hu| CTOPh.D. CS -UTD2-year’s experiences in online platform and mobile apps development
Kan Zhang| CFOM.S. BA-UTD7-year’s experiences in strategy planning & project management
Neil JohnsonAdvisor15+ years of experience in education and career services
Q&A
Additional Information Slides
More Customer Validations | Student status
More Customer Validations | difficulties and channel
Difficulties to get a job Where to find a job
More Customer Validations
Do you believe career center are helpful enough? …method/way/channel to get referral opportunity…?
More Customer Validations | Referral
Would you pay for a referral with reasonable price? …reasonable price…?
More Customer Validations | Networking Events
pay for a networking events with reasonable price? …reasonable price…?
MiaoGuide Now
MiaoGuide Now
Number of followers in past 7 months
Job Search100,000+ visits
1,000+Jobs
Subscribe+ 1,500+users
Monthly Social Events
Business Model Canvas
Partners
Cost Revenue
Key Activities
Key Resources
ValueProposition
CustomerRelationship
Channels
CustomerSegments
Colleges
Companies
Training Schools
Study Abroad Agencies
Operations
Training
Networking
Developers & Software
Big Data
Match Share
Growup
Chapters in US Colleges
Subscription VIP ServiceJob Seekers
Recruiters
Referrers
IT Develop Operation Marketing ReferralBonus
Labor Referral JobsPPC/Monthly Fee
Candidate’ ContactPPC/Monthly Fee
Training Sponsored JobsAds & Events
Web Tech Flowchart
Real-time up datePost free refers through app and Web to all users
Info collection analyze and store resumes from the users in the database
Bilateral matchSend job opportunities to qualified users.
Access and computeSend the matched members’ info to thereferrals provider.
RecommendationOffer other service when a user have trouble finding a job
Refine and info updateTracking the users incase they can be referrals provider.
Using: Database designWeb ProgramingInformation security test
Industry Ecosystem
International
Student Recruiti
ng Industry
Resume Review
Interview Skill
training
Work Status
AgencyOverseas-study Service Agency
Professional skills
training
Job Informa
tion
Professional Recruiting
Industry
Job Information
Networking Events
Stuffing Company