Best Practices for Job Post Bundle Pricing


Job post bundles help job boards increase revenue and offer employers cost-effective hiring solutions. By bundling multiple job posts at a discount, employers save money, simplify recruitment, and access added features like email blasts and post highlighting. For example, RemoteOK’s 25-post bundle reduces the cost per post from $496 to $397.

Key Points:

This strategy works especially well for niche job boards, where employers value tailored solutions and efficiency.

New sales strategies for job boards and other recruitment marketplaces

How to Design Job Post Bundles

Creating effective job post bundles means understanding your market deeply and crafting packages that balance value for customers with profitability for your platform.

Choosing Your Bundle Structure

The first step in designing successful bundles is knowing your niche. As Niceboard suggests, "When choosing a business model, we recommend always starting out with understanding the demand and supply forces in your niche and its current and future hiring market conditions". This knowledge forms the backbone of your bundle structure.

A tiered pricing model - using a good/better/best approach - is a proven strategy for job boards. It gives employers flexibility to pick a package that matches their hiring needs and budget. Tiered options simplify decision-making and help ensure steady revenue over time.

Here’s an example of how you might structure your tiers:

Each tier should clearly offer more value than the one before it.

You can also mix revenue models to maximize results. For instance, charge for job listings while offering subscription-based access to your candidate database. This dual approach can appeal to a broader range of employers.

Setting Prices That Work

Pricing your bundles is all about striking the right balance - making them attractive to employers while maintaining profitability. One popular method is to offer discounts within bundles. For instance, you could sell 10 job posts for the price of 7, effectively giving a 30% discount. This approach appeals to recruiters while keeping your margins healthy.

Make sure to highlight total savings prominently on your bundle pages. Employers are more likely to act when they can quickly see the value they’re getting.

Your pricing should reflect your niche and the budgets of your target employers. Testing is key here. Track which bundles perform best, then tweak pricing or features based on the data.

Using Psychology in Your Pricing

Psychological pricing strategies can make your bundles even more appealing. One effective tactic is charm pricing - ending prices in .99 or .95. Research shows that this approach outperforms rounded prices by 24% for non-luxury items. On the other hand, rounded prices may work better for premium offerings.

Price anchoring is another useful strategy. By showing individual job post prices alongside bundle prices, you can emphasize the savings. Retailers like TJ Maxx use this method effectively by displaying original prices next to sale prices. Job boards can do something similar to highlight the value of their bundles.

Creating urgency also drives quicker decisions. Limited-time offers, paired with clear savings messages, encourage employers to act fast. For example, instead of saying "50% off two posts", try "Buy one post, get one free" to make the deal feel more compelling.

Keep pricing simple. Avoid unnecessary decimals - use $500 instead of $500.00 for cleaner presentation.

Finally, don’t underestimate the power of testing. For example, Intelligems analyzed 811 price runs and found that optimizing pricing led to a 6% increase in gross profits. Visual presentation matters too. Highlight your "best value" bundle with bold colors, borders, or badges to subtly guide customers toward it.

Research Your Market Before Setting Prices

Setting the right prices for your job post bundles requires thorough market research. You need solid data to create bundles that not only appeal to customers but also ensure a healthy profit margin.

Analyze Your Competition

Start by digging into your competitors' pricing strategies. Don’t just look at their posted rates - examine the structure of their bundles, the features they include, and how those bundles are performing.

Take a closer look at their pricing tiers and the specific features offered in each. Check compensation details in job listings to better understand competitive pricing levels. Beyond that, track key metrics like job locations to spot potential market expansions. Are they hiring for new roles or replacements? This can reveal retention issues. Pay attention to how long their jobs stay open; this can provide clues about recruitment challenges. Also, consider the skills and qualifications they’re seeking - it might indicate new product launches or service directions.

The types of roles your competitors are hiring for can also hint at their priorities. For instance, a focus on sales roles might suggest aggressive growth plans, while engineering hires could point to upcoming platform upgrades. Compare their compensation packages and benefits to see how your offerings stack up.

When comparing prices, make sure you're evaluating similar services. Comparing a basic job posting service to a premium recruitment package won’t give you meaningful insights.

Once you’ve gathered this information, it’s time to hear directly from employers to refine your pricing strategy further.

Survey Employers About Pricing

Employer feedback is a goldmine for setting the right prices. Surveys can reveal not just what employers are willing to pay, but also how much value they place on different features and services.

"A pricing survey is the most surefire way to figure out an acceptable price range that maximizes profit without being prohibitively expensive - made possible through the power of user feedback."

  • Linh Khanh, Content Editor

Use surveys to dig into what employers value most in your bundles. Find out their sensitivity to pricing, their preferred pricing models, and whether they’d rather pay for individual features or an all-inclusive bundle.

Craft your surveys carefully. Use clear, neutral language to avoid swaying responses, and make the format easy to understand and complete. Before launching your survey, define your goals clearly - this ensures you gather actionable insights.

For reference, job posting prices typically range from $50 to $500, depending on the industry and location. Use this range as a starting point, but tailor your questions to the specific needs and budgets of your target market.

You can also test various price points in your surveys to gauge demand elasticity. For example, ask employers if they’d prefer to buy a set number of discounted posts or pay per post with premium features. This feedback will guide how you structure your bundles.

With both competitive analysis and employer insights in hand, you’re ready to calculate the numbers that will shape your pricing strategy.

Calculate Your Minimum and Target Prices

Using the data you’ve gathered, calculate the cost basis for your bundles. Start by determining your minimum price - this should cover your costs and include a profit margin. Then, identify a target price that reflects the value you’re offering.

First, calculate your Cost of Goods Sold (COGS), which includes expenses like hosting, licensing, and support. A simple formula to start with is:
Selling price = cost price + profit margin.

However, pricing isn’t just about covering costs. Consider market demand, industry standards, and how your brand is positioned. Your pricing should align with the value your customers perceive and what they’re willing to pay.

Economic conditions also play a role. Be prepared to adjust prices based on factors affecting your target employers. For example, if you’re offering bundles through multiple channels, account for operational cost differences. A skincare company might sell the same moisturizer for $30 on its website, $35 through retailers, and $33 on Amazon - reflecting varying costs across channels. The same logic applies to your job post bundles.

You can also use target costing to ensure competitiveness. The formula is:
Target Cost = Market Price - Target Profit Margin.
This approach helps you maintain profitability while staying competitive.

Lastly, keep in mind that 85% of all jobs are posted on job boards. This shows strong demand, giving you the flexibility to price based on the value you’re delivering rather than simply competing on cost. Highlight what makes your job board stand out, and let that uniqueness guide your pricing decisions.

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Set Up Bundle Pricing on Your Platform

A well-executed bundle pricing system can enhance user satisfaction while ensuring steady revenue. To implement this effectively on your job board platform, focus on proper technical setup and ongoing management.

Create and Automate Bundle Offers

Most job board platforms make it easy to set up bundle offers. Use the platform's tools to structure your bundles and automate the process for efficiency.

Design multiple pricing tiers that include varying features and post quantities. Automation should handle tasks like crediting purchased posts to employer accounts, sending confirmation emails with bundle details, and providing user-friendly dashboards that display remaining post credits.

A great example of automation in action is We Work Remotely. They offer discounts that scale with volume, such as 10% off for 10 job listings, increasing to 40% off for 180 listings.

Go beyond pricing automation by integrating with payment processors like Stripe. This ensures smooth transactions and instant activation of bundles. For instance, when an employer buys a bundle, their account should immediately reflect the updated credits.

These systems not only simplify operations but also lay the groundwork for tracking and improving performance.

Track Bundle Performance

To manage bundles effectively, you need to keep a close eye on key performance indicators. Metrics like bundle sales volume, redemption rates, and customer feedback are essential. Sales volume shows which pricing tiers are most appealing, while redemption rates reveal whether employers are fully utilizing their purchased posts.

Analyze usage patterns carefully. For example, if employers often buy a 10-post bundle but only use 6 or 7 posts, consider adjusting the bundle size or extending the expiration period. On the flip side, if bundles are used up quickly, it may indicate demand for larger packages.

Feedback from employers is invaluable. Ask them about their experience, the value they perceive, and any features they’d like to see. This can inspire new bundle configurations or even complementary services.

Automate reporting to track these metrics consistently. Look for seasonal trends that could point to hiring cycles, and use this data to refine your strategies.

Use Promotions and Discounts

Promotions are a powerful way to drive bundle sales and attract new employers. They create urgency while maintaining the perceived value of your standard pricing.

Time-sensitive offers work especially well. For instance, you could run quarterly promotions like "20% off all bundles for the next 7 days", paired with a countdown timer on your pricing page.

Tiered discounts can also encourage larger purchases. For example:

Scarcity-based promotions, like offering special bundles to the first 50 buyers each month, can drive faster decisions.

Personalized offers can further boost conversions. If an employer previously bought a 5-post bundle, consider offering them a discount on a 10-post package.

Promote these discounts through email campaigns and website banners. Be clear about what the employer gets and how much they save to avoid any confusion.

Finally, test different promotional strategies regularly. Analyze what resonates most with your audience and adjust your promotional calendar accordingly.

Next Steps

Key Takeaways

Creating effective bundle pricing requires a careful balance between delivering value to employers and meeting your revenue targets. Start by calculating your costs and setting reasonable discount limits that ensure profitability. Dive into market research - study competitor pricing strategies and gather feedback from your target audience to understand their needs and expectations. When designing bundles, focus on services that employers frequently use and those that naturally complement each other. Offering multiple pricing tiers can help you cater to a wide range of budgets and business sizes.

For example, one institution successfully implemented a strategic job board pricing model, posting over 970 jobs in 2023 at a cost of just $2.05 per post, thanks to their institutional membership pricing.

Make sure to continuously refine your bundles based on real-world performance. Keep an eye on metrics like sales volume, redemption rates, and customer feedback to understand what’s working and what could be improved. Use promotions thoughtfully to boost sales without undercutting your standard pricing.

With these strategies in hand, you’re ready to develop a pricing approach that works for your job board using Job Boardly.

Get Started with Job Boardly

Job Boardly

Job Boardly provides the tools you need to bring this strategy to life. Its customizable pricing features allow you to create multiple bundle tiers and structures tailored to your research and target audience. Start with Job Boardly's paywall feature to monetize premium job postings. You can design pricing tiers that cater to various employer needs, from small businesses to large organizations, with seamless payment processing handled by Stripe for instant activation.

You can also use Job Boardly's coupon code feature to run promotional campaigns. Whether you’re offering limited-time discounts or volume-based deals, the platform makes it easy to manage these incentives. Plus, with its no-code setup, you can launch your pricing strategy quickly and without any technical hurdles. Job Boardly’s lifetime access starts at $395, giving you unlimited job postings and traffic to help maximize your bundle sales.

Begin by establishing your initial bundle structure and use Job Boardly’s analytics to monitor performance. This data will help you fine-tune your approach over time. Remember, successful bundle pricing is an evolving process - start with a solid foundation, track results, and adapt based on employer behavior and feedback.

FAQs

What’s the best way for job boards to set pricing for job post bundles?

To create effective pricing for job post bundles, begin with thorough market research. Dive into understanding your audience - what they need and how much they’re willing to spend. Take a close look at your competitors’ pricing strategies and the features they include. This can help you spot opportunities to differentiate your offerings.

You might want to explore value-based pricing. This method sets prices according to the value your customers perceive, rather than just covering your costs. It's a smart way to boost profitability while staying competitive. Don’t forget to regularly revisit your pricing strategy. Use customer feedback and keep an eye on market trends to ensure your pricing stays relevant and effective.

What psychological pricing strategies can make job post bundles more appealing?

How Psychological Pricing Can Boost Job Post Bundle Sales

Psychological pricing strategies can play a big role in making job post bundles more appealing by leveraging how customers perceive value. Take charm pricing, for example. Pricing a bundle at $99.99 instead of $100 can make it feel like a better deal, even if the difference is just a penny. It’s a subtle trick, but it works.

Another powerful approach is bundle pricing. Offering multiple job posts together at a lower price than buying them individually can enhance the perceived value. Customers love feeling like they’re getting more for less.

You can also use anchoring to highlight savings. By displaying a higher original price next to the discounted bundle price, you make the discount stand out, reinforcing the idea of a bargain. And don’t underestimate the impact of scarcity or urgency - limited-time offers or “only a few left” messages can push customers to act quickly, reducing hesitation.

These strategies can make your job post bundles more appealing and, ultimately, help drive more sales.

How can job boards use employer feedback to optimize bundle pricing?

To fine-tune bundle pricing, job boards should focus on gathering direct input from employers about their experiences with existing pricing structures and included features. Tools like surveys, interviews, or feedback forms can help uncover what employers find most valuable - whether it’s greater job posting visibility, access to additional recruitment tools, or premium support options.

Using this feedback, consider introducing tiered pricing or customizable bundles that cater to employers' specific needs and budgets. Continuously reviewing and tweaking these pricing strategies can help job boards stay competitive, boost employer satisfaction, and drive revenue by offering solutions that feel tailored and worthwhile.

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