Virtual face-to-face mock interviews with industry experts!

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InterviewBuddy™ is a patent-pending simple cloud based application to prepare & practice interviewing with industry experts, without the pressure of a job on the line and get feedback. Users can practice right from their browsers without the need for additional plugins/downloads.

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Zach Tratar
Zach Tratar@zachtratar · Zach Tratar
I created a very similar product that we shut down about 7 months ago. Perhaps the unit economics are different in India, or maybe this company hasn't raised VC and isn't expected to grow into a big business, but for mock interviews the profit margins weren't there for us. At their current price points, this is $17 per interview. At ~1/2 hour, that means, assuming they pay the experts 70% of the revenue: - Expert earns $24 / hour, or $12 per interview. Many experts find this amount of money a waste of time, so you self-select the experts who do it mostly for virtue. - Each interview profits the company about $5. Since none of this is recurring revenue, to earn $10,000 monthly you need ~70 interviews per day. With those numbers, paid acquisition will never be profitable, and we found that content marketing etc still couldn't drive the numbers to even simply make $10k per month (effectively one salary in Silicon Valley). I hope the Indian market is very different. This can work if your CPC is much lower or your experts don't expect a 70%+ cut (many wanted 80%+ on our platform). Good luck though -- just wanted to share what happened to us, so you can try to avoid it. It's a real problem that people have, but I think more robust automation is the only solution (maybe async answer reviews, reproducible advice, etc).
Mahesh Chayel
Mahesh Chayel@mahesh_chayel · Product Guy
Similar monetization issues when we started building it 2 years back..
Ujwal S
Ujwal SMaker@haiujwal · Founder@InterviewBuddy
@zachtratar Thank you Zach for sharing your experience. It should help us strategize better
Ujwal S
Ujwal SMaker@haiujwal · Founder@InterviewBuddy
@mahesh_chayel Hi Mahesh, what was your product?
Rohan Dey
Rohan Dey@rohandey · Web Developer
Agree we faced similar monetisation issue with our mock interview app and finding users to pay for such app in India is very hard.
Ujwal S
Ujwal SMaker@haiujwal · Founder@InterviewBuddy
@rohandey Hi Rohan, what was your product?
Ujwal S
Ujwal SMaker@haiujwal · Founder@InterviewBuddy
The idea of InterviewBuddy first stuck me when I first attended my campus recruitment interview with Wipro - an Indian IT giant. My interviewer was pretty impressed with my profile and the way I performed in all the previous rounds. He made me sit beside him and interviewed my fellow batch mates. It was then I first realized that not everyone is confident about facing interviews and I saw my batch mates falter at answering even the basic questions. Till that moment, I was of the opinion that all my fellow mates were superior in almost everything given that all of us were the top rankers of the state-wide engineering test. This first hand encounter laid the foundation for InterviewBuddy.
looks good!
Ujwal S
Ujwal SMaker@haiujwal · Founder@InterviewBuddy
@petecodes Thank you Pete!