Somewhere
A business that connects companies with overseas talent by finding and recruiting high-quality candidates from various regions.
Why It Works
Somewhere operates on a contingency basis, allowing companies to hire talent without upfront costs, thus lowering the barrier for businesses to engage.
Revenue & Traction
The business model typically involves charging a fraction of the employee's salary for successfully placed candidates.
Founding Story
Not mentioned in the transcript.
Business Playbook
Attraction offers and upselling additional services, such as payroll management for remote teams, are key strategies.
Why this works now
Most companies overlook the potential of hiring overseas talent due to traditional recruitment costs. Somewhere capitalizes on this by operating on a contingency basis, which allows businesses to engage talent without upfront fees. A successful first-revenue move could involve targeting niche subreddits like r/Entrepreneur to connect with startups in need of skilled candidates. The primary risk for Somewhere lies in the capital required to maintain a robust recruitment infrastructure as they scale, which can strain cash flow if placements do not meet projections.
Additional Information
Somewhere has a network of recruiters in multiple regions, enabling them to match companies with the best talent efficiently.
Source
Podcast: My First Million
Episode: Hormozi Teaches Me Everything He Knows in 90 Minutes
Creation Date: August 6, 2025
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