Creating a Financial Model for a Talent Marketplace | Scaling to $1mm ARR

We build a talent marketplace financial model scaling to $1mm in ARR over its first 2 years. Excel template included.
✅ Talent Marketplace Financial Model Template Download: mailchi.mp/ericandrewsstartup...
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In this video, we learn about how to model out the two sides of a talent marketplace (acquisition & retention of job seekers and employers), scale up monetization, and ultimately build a profitable business.
Talent marketplaces (aka job board) are fantastic high-margin businesses that can very often be totally bootstrapped. The trickiest part is generally onboarding the employers and getting them to post jobs (and pay to do it!). Once you can get some job posts live on the website it is far easier to acquire the talent side.
Sections:
0:21 intro to talent marketplace financial model metrics & concepts (supply/demand, acquisition/retention, monetization)
4:30 overview of talent marketplace financial model structure
5:45 job seeker (talent) acquisition funnel (paid & organic)
10:30 job seeker retention model (using customer cohort model)
17:30 job seeker revenue forecast (advertising monetization rollout)
21:55 employer (job poster) acquisition model (paid & organic)
26:30 employer retention model (using customer cohort model)
28:25 supply/demand ratio & discussion for marketplace
30:10 employer revenue forecast - job posts, bundles, subscriptions, advertising
37:55 building an income statement for a talent marketplace
40:30 COGS and gross profit forecast marketplace
44:30 operating expense forecast
52:55 overview of operating profits, net income, burn rate, total cash, and runway
If you have questions - leave a comment below and I'll try to help. Cheers!
#talentmarketplace #jobboard #financialmodeling #startups

[@eric_andrews]

Questions? Let me know in the comments happy to discuss.

[@dunkbassy4]

I can’t tell you how timely this is - literally developing a talent marketplace for a client this weekend and want to pitch a longer term relationship/partnership to them on Monday. Thanks Eric!

[@eric_andrews]

Haha, perfect timing! Glad you were on the lookout and hope it helps!!

[@jd5787]

Good luck! Any advice or poi ters to good resources for someone like me who is looking at starting something like this in my neck of the woods?

[@lienkhuong3733]

Build a Ride Sharing Marketplace Financial Mode

[@devinbaptiste7331]

Thanks!

[@eric_andrews]

Thank YOU

[@jd5787]

Hi, thanks for sharing the modeling process. Any finops stack you sold recommend to use for Tech? (how do you tracks cohorts for instance? Is there a single source of truth you export from (accounting?) ? Or is it a composite? Thank you

[@sonerguney3225]

Teşekkürler ❤

[@eric_andrews]

you're welcome!

[@awinters885]

😱 promo sm

[@facundogroisman6653]

Thanks!

[@eric_andrews]

My pleasure - thanks for the contribution!

[@excelhealthcareerstraining8822]

Thanks!