Repost, Earn, Repeat: Lucres.com's Revenue Model that Rewards Users for Building a Jobs Network

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Repost, Earn, Repeat: Lucres.com's Revenue Model that Rewards Users for Building a Jobs Network

Tuesday, 26 March 2024 | Agencies

Repost, Earn, Repeat: Lucres.com's Revenue Model that Rewards Users for Building a Jobs Network

In today's dynamic job market, the quest for talent is both crucial and challenging. Employers often find themselves grappling with the daunting task of reaching a vast audience for their job postings while balancing the associated costs. 

Traditionally, organizations have had to invest a substantial amount in advertising to ensure their vacancies are noticed by potential candidates. 

Suhas Bonageri, the visionary behind Lucres.com experienced firsthand the inefficiencies and expenses involved in traditional recruitment processes. Drawing from his educational background at Jain International in Bangalore and his brief stint studying Chemical Engineering at New Castle University, England, Suhas recognized the need for a platform that would simplify job postings and make them as common as a tweet.

The driving mission behind Lucres.com is simple yet powerful: "Making Jobs as common as a tweet." Suhas elucidates, "Jobs have become a niche market, with the entire recruitment process being an expensive and tiresome task to accomplish." 

Lucres.com addresses this challenge by significantly reducing the cost of hiring, making it as low as Rs 200 per person, a game-changer for startups and small businesses in tier 2 or 3 cities.

Lucres.com's revenue model is equally innovative and user-centric. Unlike traditional job portals, Lucres.com allows users to post an unlimited number of jobs for free, with no fees for job seekers forever. 

Suhas explains, "Our platform's revenue model is solely based on the purchase of contacts by recruiters of potential candidates" 

The Repost Feature stands out as one of Lucres.com's key offerings, enabling recruiters to expand their reach exponentially. 

Suhas elaborates, "Users can earn up to 75% of Lucres.com’s revenue if a candidate is contacted by the recruiter of the job posting shared on your feed." 

This feature encourages users to actively engage in sharing job posts within their networks, creating a vibrant community centered around facilitating connections between recruiters and potential candidates.

This ideal job repost and earnings system exemplifies Lucres.com's innovative approach:

●    Amazon posts a job
●    Sita reposts the job to her followers
●    Sam applies for the job post through Sita's repost
●    Amazon purchases Sam's contact from Lucres
●    Lucres charges Rs 200 for the contact
●    Sita receives 75% of the revenue (Rs 150)

For employers, Lucres.com streamlines the hiring process by offering services like unlimited free job postings, access to candidate resumes and contact details, and streamlined application tracking and interview scheduling. 


 

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