Monthly Archives: July 2016

The Real VALUE in Focused Recruiting

Posted on by The Profitable Recruiter
21 Jul

Start With the Math!

by Real Estate Recruiting Coach Judy LaDeur

Sometimes it’s tough to get brokers to see the value in staying focused on their recruiting efforts.  I get it. You wear a lot of hats every day and it is work.  That’s when I usually break out a little math that helps illustrate my point.  Here goes: If you were to recruit a two million dollar producer away from your competition – you’d gain $2 million in market share.  At the same time you decrease your competitor’s market share by $2,000,000.  That’s a $4,000.000 market position increase for you for each agent you recruit!

Now it’s getting exciting right?  So if you recruit two agents per month for 12 months, that’s an additional 24 agents, with a $48 million market share increase and $98 million stronger position in your marketplace.

If you were $98 million stronger in your marketplace one year from today would it help your agents do more business?  Would it help you with retention?  Would it be easier to recruit?  YOU BET!

By staying focused, every broker should be able to recruit an average of 24 experienced agents per year or more — depending on your current size.  Ironically, as you become stronger in your marketplace, the strong producers will naturally seek you out because they want to be with the best.

Let’s work the problem out backwards. We’ve always been taught that even though objection handling and closing skills are critical, if the prospect isn’t sold (due to a poor presentation) no close in the world will help.  So, closing skills are important, but ONLY if your presentation is effective.

How do we perfect the presentation process?  With training and lots of practice.  (Remember that old saying – “How do you get to Carnegie Hall?  PRACTICE!”  Your attitude needs to be “We don’t need them all – we just need the BEST!”)

It’s hard to accomplish your recruiting goals when only one agent per month walks through the door!  But when you have lots of prospects, you can be more selective. So, get lots of practice, AND build your confidence through proven systems.

How do you get in front of lots of candidates?  By PROSPECTING.  It’s not a bad word, we promise!  There are hundreds of good prospecting systems and ideas being implemented by brokers all over the globe.  The key is to find what works for YOU and YOUR ORGANIZATION.

Do you want to learn more about staying FOCUSED and building a successful, growing office? Bookmark our blog, and join The Profitable Recruiter today.  We have a full spectrum of membership benefits with all the tools, strategies and solutions you need to position yourself to win this year and every year. Our goal is for you to  become the “turn-to” broker in your area for every  agent.  

Take advantage of our special offer!  Make any Profitable Recruiter Pro Membership part of your end of the year plan, and take 35% off with the promo code PLAN35 — PLUS, have the ability to add up to 10 managers or admins to your account at no extra cost!  That’s 35% off everything you need to be in the right place at the right time when the agents you want are ready to make a move – including SEVEN HOURS of recruiting audio training, more than 30 webinars on demand, scripts, letters, social media tools and more!  What are you waiting for? Register today! 

 

The Most Important Ingredient

Posted on by The Profitable Recruiter
07 Jul

Attracting the Agents You Want in Today’s Market

By Judy LaDeur

What is the secret to attracting the agents that you want in today’s market? Preparation is the most important ingredient.  Most brokers tell me that they do not spend time preparing for the interview. They just show up at their office in time to conduct the appointment. Not taking the time to prepare for the interview is a lot like showing up for a listing appointment unprepared. When you take the time to do your research, you will be better prepared for certain objections, know which tools and systems to present, understand how they make their decisions and what’s important to that agent.

I always suggest spending 15-30 minutes preparing for the interview. Some things to do are:

  • Google the agent to see what you can discover about them
  • Go to their Facebook page to see what is happening in their life at this time
  • Look them up on Linked In. What are they saying? Are there testimonials?
  • What do you know about their company?
  • What do you know about the agent?
  • Have they sold any of your listings? Who did they work with?
  • What is their behavior pattern?
  • Based on their behavior pattern, what tools or systems are they most likely to want?
  • Check MLS records to see what their production was the past 12 months.
  • What is their company’s policy with regard to listings being released?
  • What will be the best questions to ask this agent, based on what you have discovered?

Whenever a broker or recruiter takes the time to be prepared for the interview, they will always have a better outcome.

You would never show up for a listing appointment or buyer without the proper preparation.

NAR has shown that an agent will stay with your firm for an average of 7 years.  If your profit per agent is just $10,000 per year, that agent represents $70,000 to you. Since most interviews last about an hour, that means that the return on your one-hour investment is $70,000, if you know what to do and what to say when that agent comes in to meet with you. It seems like a good investment to me!

Take advantage of our special offer!  Make any Profitable Recruiter Pro Membership part of your business plan, and take 30% off with the promo code 30OFF — PLUS, have the ability to add up to 10 managers or admins to your account at no extra cost!  That’s 30% off everything you need to be in the right place at the right time when the agents you want are ready to make a move – including SEVEN HOURS of recruiting audio training, more than 30 webinars on demand, scripts, letters, social media tools and more!  What are you waiting for? Register today!