- A web based interface which has elements of interest to members in it. In this case career transition advice, job posts, articles, networking, forums, etc. (let me not do injustice by clubbing all the other utilities with an 'etc', the sites actually have a lot more to offer and it will be well worth your time to explore each in detail).
- Creation of a large membership base.
- A revenue model revolving around the above elements.
Critical aspects required for them are:
- The utilities / resources being provided to members need to be relevant, effective, scalable and engaging on the long term. As an illustration, an officer seeking transition advice must find it on the site and this should help him in his endeavour for a second career (relevant & effective). This and similar transitional advice must reach all officers who need it. Tailor-made and customized advice could be available, however, resources should aim at providing solutions to the maximum majority possible (scalable). The officer who sought and received transition advice should have a reason to continue to be engaged over the long term with the site (engaging). This could imply continuously innovating with new resources / solutions on the site, tweaking existing utilities to keep them relevant & interesting, creating second, third and so on levels of engagement. Thus, if the officer was seeking information on which transition course he should choose and received this information, the site should further tell him how he should evaluate multiple job options at the time of his placement. At the third level, he could be provided with information on how he needs to set his medium and long term career goals and the steps he needs to accomplish them. Thus at every stage of his career he gets the solution / answers he needs and identifies the site as a source for this information referring back to it on frequent occasion. This level of engagement however is infrequent. The sites should further aim at creating frequent levels of engagement (daily, weekly, etc.).
- Visibility and branding to propagate the sites to as many relevant users as possible and further ensure they register with the site.
- High quality content (including user generated) and resources. A user coming across low quality content or a resource which was supposed to work but doesn't could put him off completely and he might never return to the site (I have seen content on both the sites with numerous grammatical & spelling errors and well as some which was outright bad). The Indian Armed forces community has a very strong element of networking and communication inherent in it. A happy user will tell 10 others about the site. The opposite is true as well. Creation of self appointed brand ambassadors is important to create a successful brand.
XISF seems to have adopted the Barista model where it evaluates each step independently, refines and goes ahead with it. Whereas Faujnet seems to have adopted the Starbucks model (also adopted by Cafe Coffee Day) where it goes all out in expansion / visibility and refines / consolidates along the way.
There are pros and cons of both approaches. As with Barista, they have a far lesser number of stores but loyalists admire the ambience and personal touch of their outlets. Whereas in Cafe Coffe Day, their large numbers ensure huge footfall (consequently revenue as well) and branding / visibility, but people sometimes complain of an outlet being like an assembly line.
The bottom-line of any such venture is its ability to attract and retain users over the medium to long term. A site can be monetized and thus be successful only if it is able to achieve that aim.
My best wishes to both!
It is really heartening to see your analysis. I admire your efforts Sameer.
ReplyDeleteI would also like to say that Faujnet is new in terms of the web based inteface, but it has got a 4 year heritage and brand equity created by the transition management vertical of a management consulting firm.
Its not even 2 months...almost 5000 members...50 plus job openings...100 plus blog posts...80 plus articles...80 plus Q & A...people found people...ALL THIS IS USER GENERATED....apart from the valuable transition management advice and very popular and extremely useful newsletter (Behind Enemy Lines)....
Also, The ability to connect / network with other members in a free flowing manner…helps the members.
Do i need to say more....
This certainly makes an interesting article Sameer. I hope you won't mind me saying this, but to some extent it came across to me as a comparison between apples and pears!
ReplyDeleteWhile it is true that XISF and Faujnet both have a website, it would be worth clarifying that both have very different models.
XISF Foundation, in the capacity of a NGO, is working with the altruistic objectives of supporting ex-services personnel in three aspects of second life - Business, Career and Socializing.
The web presence is a strategic step, but we expect to do more on ground over the coming years. Considering that the vast majority (our estimate 90% of the 2 million) of ex-services personnel are not reachable through the web medium, clearly a web based approach to achieve the Foundation's larger objectives would be inappropriate.
XISF is not in the business of creating a "me too" social networking website. There are several good social networking sites around for that purpose. Instead, XISF is focussed on creating on-ground networks to support the Foundation's objectives. As such, the statement on monetization of the site, to some extent trivializes the purpose of XISF.
There is no doubt that XISF Foundation will have to generate revenue to support the planned welfare activities, but viewing the site as a mechanism to generate revenue, would to some extent mean using the wrong lens. The current "monetization" attempted through google ads, does not even cover for the costs of web hosting, achieving the larger objectives would be far from achievable if we consider this myopic approach.
Dear Dash,
ReplyDeleteThank you for your comment.
A clarification: Monetization purely refers to the generation of revenue through an interface which is currently your website. The quantum, use, etc. is not in the purview of my post.
Further, XISF aims at a very participative manner of executing and building up its cause. Participation from members will be active and passive. From active participants, leaders will emerge who will help drive XISF to the next level and beyond. 90% of these leaders will emerge from the officers of the Indian Army (serving or retired) in the short to medium term. To identify and facilitate this leadership an online interface is necessary and critical. How long this process will take is a moot point with no accurate forecasts. To ensure the sustainability of the venture till such time you achieve a critical mass and adequate 'brick and mortar' presence, XISF needs to generate revenue as there are no external sources of funding (let me mention here again, 'revenue' is not equal to 'profit').
I stick to the points and facts mentioned in the post.
@ Capt Venkat: Thank you for your comment Sir.
ReplyDeleteVery well said Sameer!However I unreservedly admire the efforts and motives of both the aforementioned sites!
ReplyDelete@ Vinny: Thank you.
ReplyDeleteHi,
ReplyDeleteThese two are really great initiatives and will certainly succeed in their motives.
Also, Band of Brothers (http://bandofbrothers.ning.com) is again an useful site. I think it started earlier than these two.
I have few suggestions to make :-
1. Lets have something that will integrate JCOs/NCOs to these sites(but no different platform). It is going to be herculean task, but it has to start somewhere. We have lot of suitable jobs for them in the civvy streets but they loose the opportunity as they are not tech savvy.
2. Founders have to have productivity based approach and shun the activity based approach. Increasing the member base is just an activity, we have to focus on productivity like how many jobs closed. Obviously, activity has to be high in initial stage as it would promote productivity but in a longer run a productive site will have more followers.
The efforts are truely commendable, let's all help them in succeed in their ventures.
rgds
bindu
@ Capt Bindu: Thank you for the comment Sir.
ReplyDeleteI did look up Band of Brothers. Their website as well as their LinkedIn group, however the same does not seem to be very active now. Correct me if I am worng here as I am not too sure.
In fact Band of Brothers has a very strong brand equity which could be utilized well.
@Sameer,
ReplyDeleteYou are absolutely right. It has strong band equity but somewhere things are stuck.
I will request Mohit sir to have a look at this blog...
Hi Sameer,
ReplyDeleteThis is a very interesting article, although I would like to recommend to you a site which I have used often from the same topic - its called www.soldier2ndlife.com & www.olivetalent.com - These two websites also aim to bring the retired soldier & the corporate world together. You should review them as well.
Regards