Demand for CDL-A truck driver recruiting is high. Our three-legged business is 80%+- complete. Together, these three legs hold up our platform, with each leg as a revenue source as stand-alone and part of our three-legged stool.
Leg 1. Proprietary application tracking software is live and in use. Very close to MVP. Millions of users worldwide, and more than 1.7 million in our database. The competitor's software is
expensive. Our focus on recruitment and compliance is our USP in this space. The goal for MVP is to get users with a free trial, then charge $N per month.
Leg 2. An association that officers truck warranties, health insurance, and more. Our USP is a Health Savings Account Pool. This shared risk, administered by a qualified TPA in conjunction with the ACA, means that 1099 Truck Drivers suddenly have access to very inexpensive and low deductible health care. The second most important thing, keeping the truck running, is accomplished high quality, established over 20 years vendors who offer volume discounted warranties; the dues associated with the association are small. However, over 1.5 million DOT numbers with small fleets (1 -10 trucks) cannot afford to offer or administer these services. Expect the MVP to be completed in the next two to four weeks. The carriers that engage with PHR can offer free medical and truck warranty for year one without strain as long as they engage PHR to be their recruiter. The members pay a small fee, but if successful, there are many members.
Leg 3. Recruiting applicants and drivers in seats. PHR charges between $2500 and $3000 per driver. The new (and old) contracts we have require marketing dollars. The current contracted volume is between 20 and 30 placements per month. So far this month, the placements are projected as four as we need to go to market this month. Marketing needs development. Social media, national advertising, and local advertising to turn on the flow of applicants. With legs one and two at MVP, we see soliciting carriers as recruiting customers becomes easier. Placing 100 drivers a month is not bigger than many recruiting companies.
After nearly two years of work, it is time to launch. Expect recurring cash flows from subscriptions and dues, plus recruiting fees. The work was to set up the web server, the FOSS software, and the mail server, develop an inviting strategy, implement SMS, learn how and develop a MySQL database with 1,700,000 + records, develop effective and inexpensive marketing strategies, engage and train a workforce, set up an ACH treasury account, Use low code software for prototyping, engage software coders and act as the program manager, design software, learn Linux, engage a systems - network engineer and more.
Financially, there are many ways to approach the "legs." Our idea was to bootstrap, but it will take us a long time. PHR can work with you on a per leg or platform basis.