Selling Internet job listings in booming Asia seems like a cinch.


This is another fine example on how one could be successful online. I mean an online business. This article was in Forbes.com today. May I ask you few questions?

  1. Have you got a job?
  2. If not where do you find one online?

In Malaysia we will search for jobstreet.com. Well, this is the story about Mark Chang the founder of JobStreet.com

When Mark Chang started JobStreet in 1997, he figured it would earn him a regular paycheck and allow him to be his own boss, but he didn’t expect anything more. Fast-forward ten years: JobStreet is now Southeast Asia’s largest online employment company. It’s growing in Hong Kong and India, and it’s entered Japan.

Who is Mark Chang? Mark Chang is an Executive Director and Founder of JobStreet.com. He has also been its Chief Executive Officer since its inception. He obtained his Bachelor of Science in Mechanical Engineering from the University of Texas, Austin, USA in 1988 and a Master of Science in Mechanical Engineering from the Massachusetts Institute of Technology, USA in 1990.

After graduating from the Massachusetts Institute of Technology, Chang returned to Malaysia and took a job as an engineer at a catheter factory in Perlis, northern part of Peninsular Malaysia. He spent his evenings and weekends tooling around the Internet. In 1995, figuring he was ready to set out on his own, he started Malaysia Online, the country’s first commercial Web site. MOL offered the usual portal services, including online classifieds, and Chang quickly noticed that the job listings were popular. That led to JobStreet.com.

The site’s growth soon bumped into a problem: Malaysia’s then slow Internet speeds were putting off some job seekers. So he wrote software enabling the site to match jobs with job seekers and automatically e-mail them when a suitable opening was posted. That way they didn’t have to keep logging on to the system to conduct fresh searches of the listings.

By 2000 Chang had decided he had too much on his plate with MOL. He spun off JobStreet into a separate company and sold MOL for $3.2 million to Vincent Tan, the chief executive and controlling shareholder of Berjaya Group. He then plowed $2.6 million into JobStreet and began building the site in earnest.

During the early years Chang was basically winging it. “When I started JobStreet, I had no business plan,” he says. “I just thought, ‘I’ll try it for two years and see how it goes.'” His approach worked in his favor as dot-com fever swept through Asia in 1998 and 1999 and Internet consultants and angel investors bombarded Chang with business plans and big ideas.

Read the whole Success story of Jobstreet and Mark Chang at Forbes.com Turning Classifieds Into Cash

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