A Clear and Compelling Payoff

by | Mar 11, 2021

In order for a positive change to take root, there must be a clear and compelling payoff for the person making the change.

“Compelling payoffs” come in two flavors—those that benefit you personally and those that benefit others.

Personal payoffs are often simple and straightforward:

I’ll earn $10,000 more if I meet my recruiting goals this year.

Payoffs that benefit others are more difficult to conceptualize, but more powerful:

I’ll be able to provide my daughter the wedding of her dreams if I meet my recruiting goals this year.

Research from various sources suggests the payoffs benefiting others are more effective at creating change.

When identifying your compelling payoff, keep in mind that it must be:

Well-defined. Here’s exactly what is going to happen if I make this change.

Time-related. Here’s the deadline for realizing the benefit.

What is the clear and compelling payoff of the change you’re trying to make?

 

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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.

The Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.