Claim Your Niche

by | Apr 28, 2020

One of the key components of a recruiting strategy is defining a niche.

A niche is a tightly defined portion of the overall recruiting marketplace.

This marketplace can be quickly divided into the broad categories of new agents and experienced agents.

But to be effective, you need to drill down further.

For example, your new agent niche could be referrals from the sphere of influence of your existing agents.

It’s better to put intense focus on dominating a narrow niche than going shallow across a broader number of opportunities.

As you develop your after-covid recruiting plan, some of the common niches may be less fruitful for a while or completely gone.

For example, if your niche was capturing new agents from physical real estate schools, it’s time to pivot.

As old opportunities go dormant (or disappear completely), new opportunities emerge.

Those who find and dominate the new niches in the after-covid recruiting marketplace will win the next generation of agents.

 

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

Take the Time to Craft the Right Message

The Great Talent Reset

The talent playing field in the real estate industry has undergone a generational reset over the last four years. Three consecutive years of the fewest existing home sales since 1995, a 34% decline in transactions, and a resale turnover rate at a 40-year low have permanently altered the talent landscape. Brokerages still operating with a 2021 recruiting strategy are actively donating production to the competitors who have adapted. These changes are the topic of a new, must-read whitepaper we’re releasing today.