11.20.24

Relevancy.ai

The problem: The traditional method for landing a job is too saturated with at least 250 applicants per posting per platform(1) and job posters post on at least 3-5 different platforms per posting (2). This is roughly at least 750 - 1250 applications per position. No wonder you keep getting rejection letters! It’s not because you’re unqualified, it’s because there’s an 80% chance your application is getting looked over because the market is too saturated (3). The reality is that 80% of jobs are filled through networking, not cold applications (4). With a regular job posting, one application can only get you that one job. With networking, one cold approach can get you introduced to multiple other people. In fact, referrals can increase chances by 9x. (5) There is an entire “hidden job market” that you are missing by only applying to positions you see online. (6) 80% of roles are filled without ever being posted on a job platform, recruiters prefer this because it is less time and money for them. (7) People don’t know who to email, what to say in the email (especially making it a high converting email), and tracking is a pain, also, how do you respond to followups?

The truth:

  1. Glassdoor found that, on average, each of their corporate job postings attracts approximately 250 resumes. Only 4-6 will get called to interview, and one will get the job from those who apply. (Corporations often post 1 job posting on multiple platforms)
  2. According to recent data, most corporations post job applications on at least 3-5 different platforms on average, with LinkedIn being the most commonly used, followed by platforms like Facebook, Glassdoor, Indeed, and sometimes Twitter, depending on the industry and company size
  3. According to data from Glassdoor and other sources, on average, a job posting receives around 250 applicants, with the vast majority (around 80%) being looked over due to the sheer number of applications, meaning only a small percentage typically progress to the interview stage.
  4. According to a 2018 survey of 3,000 people, 80% of people got hired because of networking. One of the critical networking facts is that, if you have a broad network, you’ll be able to find job opportunities before they’re posted on job boards, which means that your chances of getting hired are much better.
  5. A well-timed job referral can push your application to the top of the pile, giving you a significant advantage over other candidates. Many companies even have internal referral programs to encourage employees to recommend qualified candidates, often offering bonuses as an incentive. As a job seeker, it’s crucial to cultivate these relationships and use them to your advantage. Referrals increase hiring chances by 9x, according to LinkedIn.
  6. The hidden job market refers to jobs that employers do not advertise or publish publicly. Not publicizing these openings can help these employers save on the costs and time associated with posting and evaluating job applications or interviewing. To fill these jobs, employers may hire internally or use employee referral programs to find external candidates. Beyond saving costs, this method can help ensure high-quality candidates because employees already understand the company's expectations.
  7. You may not know this, but experts believe up to 4 in 5 jobs — or 80% of all roles — are filled without being publicly posted. That’s right: they never even see a job board. It’s called the hidden job market, where roles are filled through personal networks and referrals.

What we do:

  1. Learn about you
    1. Resume upload, linkedin link, manual info entry
  2. Choose what you’re looking for
    1. Internship, job, promotion (better job)
  3. We find relevant people to contact
    1. Lead411 API:
    2. 500 exports: $.40 per export
    3. 500-1k: $.35 per export
    4. 1k-5k: $.30 per export
    5. 5k-10k $.20 per export
    6. 10k-50k $.10 per export
    7. https://api.lead411.com/v1/docs/
    8. Enterprise Unlimited:
    9. $25,000 per year for unlimited data (we send you our large files every 2-3 months) (this would be mean MAX $2100 a month for the lead data)
  4. We generate tailored cold emails to each relevant person
    1. The user chooses the style of cold email (we will have 6 different styles and that gets sent to the prompt to replicate the style)
    2. The more relevant the better, can we find people who went to that school and are in similar roles, same clubs, etc
    3. The tailored email needs to extract the similarities between the lead and the user to appeal to emotion as much as possible. People like to work with people they have things in common with, this is what we need to emphasize when prompting the LLM
  5. We use apis to send the email
    1. Is it possible to track the email somehow? When we get a response we can update that on our end and craft a new email based on the response and context
    2. Lightweight CRM to manage emails and lists
  6. Cron jobs to send follow up emails if no response with a tailored followup response
  7. Track progress for each lead

Market info: