I got an invitation from a friend of mine last week to join yet another exclusive, membership-by-invite-only, networking site called NotchUp. Having been an active member of LinkedIn, a successful and widely accepted business networking site, for the past 3 years I can vouch that it is very impressive when it comes to professional networking, job postings, referrals and forum discussions and I found it to be very useful when I was looking to change jobs last year. I have since gotten invites for similar sites like Doostang, Plaxo etc, but I am of the firm belief that when it comes to email addresses, credit cards, networking sites and girlfriends (or wives!), two is one too many to maintain!
NotchUp has a slightly unique selling point in that it is trying to replace pricey headhunters by actually paying people hundreds of dollars to interview. They are in a lot of ways the eBay of business networking, which seems to be the way entrepreneurs are going these days - adapt the successful eBay business model to various industries. Start-ups like Prosper are good examples of using an eBay-style P2P auction platform in financial credit services, rather successfully so far.
NotchUp is free to join, and you can even estimate how much you should ask for an interview with their calculator. For the type of professionals that they are targeting, I would actually say the price is about right. Since they seem to be different than the run of the mill networking site, I decided to sign up just to see how the model works.
From this article at NetworkWorld:
You say you wouldn’t interview with Company X if they paid you?
A startup called NotchUp is betting that’s a bluff.
Debuting this morning at Network World’s DEMO 08 in Palm Desert, Calif., NotchUp founders Jim Ambras and Rob Ellis tell me that 15,000 people a day are signing up for their new eBay-like employment service - based solely on word of mouth. The founders are convinced employers will pay hundreds of dollars directly to people they would like to interview — especially those not actively in the job market — because it will bring them better candidates faster.
So how does it work?
To get started, simply register, create a profile (which is similar to an online resume), and set an interview price. Your interview price is the price at which you’ll talk to prospective employers. Once you’ve created your profile, companies will search it and make you paid offers to interview if you have the skills and experience they’re looking for. Accept the offers you’re interested in, go to the interviews, and we’ll collect the money and transfer it to you.
Personally I feel, It’d be cool if this company merged with LinkedIn since this is complementary to what LinkedIn offers and it would definitely reduce the number of site memberships I have to maintain.
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