Notes: A BY PRODUCT

Sunday, 1 June 2003

A BY PRODUCT

Dated: 01-06-03

Abhi
cc: Kartavya

cc: Nagwekar

cc: Inder

A By-Product

A byproduct is something you get for FREE when you are manufacturing the main product.
You recover your (cost + profit) by selling the main product. Since byproduct has no cost attached to it, you can afford to:

Sell it at throwaway price
Give it away free (to promote main product)
Exchange it for something of value to you

So far, we have purchased 25,000 job-adverts from Sajida, for little over Rs. 50,000/-.

Using these, under Project Manhattan, we must have received, say, 50,000 resumes so far & will receive another 50,000 resumes during June/July.

So, money paid to Sajida works out to Rs. 0.50 per resume (when we reach 100,000).

Then we have paid close to Rs. 50,000 by way of subscription to 3 jobsites. That will …add another Rs. 0.50/resume, making total to Rs. 1/resume. If we still have 3/4 months of subscription-time left, we can continue Manhattan till Sept/Oct & get another 50,000/75,000 resumes. That may bring down our average cost to less than Rs. 0.25/resume.

This (resumes) was our main product.

But, we can use these 25,000 job-adverts to manufacture a byproduct, at virtually ZERO COST.

When we process these job-adverts through “AUTO-CONVERTER,” we are already creating a “structured Database.”

Then using the “Graphing Tool” we can auto-generate following types of graphs:

(Illustration: Bar graph titled “INDUSTRY-WISE JOB MARKET.” X-axis: Top 10 Industries → FMCG, Eng, Pharma, Tele, etc. Y-axis: No. of Jobs/Vacancies advertised. Variables: Sample size of Job-Adverts, Period Covered.)

(Graphs drawn at top)

Function-Wise Job Market (Top 10 Functions) (bar chart illustration)
Designation-Level Wise Job Market (9 Levels) (bar chart illustration)

We can have “CITY-WISE” for 10 cities – or 4 Regions.

We can also convert above graphs into frequency-distribution graphs as follows:

(Two bell-curve illustrations shown: one for industries vs job adverts, one for functions)

We have following “parameters”:

53 Industries
26 Functions
9 Design. Levels
10 Cities

= 1,24,020 Combinations

We can always think up of:

Edu. Levels required
Total Exp.
Age (Max) desired etc.

These additional “parameters” would help us generate millions of combinations – automatically too, on-the-fly!!

All, at no extra cost (the beauty)!

And now that, starting tomorrow & using Myriad, Deepa is going to daily download hundreds of job-adverts from various jobsites, we can even add one critical search-parameter viz.:

“Job Market for Period [Month] or From [Month] to [Month]”

So the data can appear FRESH (not stale).

Someday, we may “SELL” these graphs (Rs. 10/download).

To initially popularise, we will offer these:

➔ Free, to our webservice subscribers (v.2.0)

➔ Free, to Corporates who do not wish to become our webservice subscribers, but are willing to “Register Online” on our website, giving us a lot of info/data about themselves.

To prevent “FICTITIOUS” corporates from registering, we should “verify” info. given by phoning.

Article (clipping from Economic Times – 04/06/03):

“Job Exchanges Exist Only For The Babus” (by M. Somasekhar)

[Article content not fully transcribed here, but discusses the inefficiency of India’s 930 employment exchanges, with millions registered, poor placements, no computerization, and lack of data on the private job market. Govt plans to convert them into Employment Guidance Centres.]

Handwritten Notes (dated 03-06-03):

Inder – Nagwekar – Abhi – Kartavya

(Individual Copies)

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