Disappointments Are the Seeds of Opportunity

by | Apr 30, 2021

Last week, a friend told me:

I’m not sure I want to go back to commuting.

He’s a consultant and has been working at home for the last year.

Going back to the office (which his management team wants him to do) means commuting 45 minutes on a bus each way.

His response to this proposition: I’m looking at other opportunities that will allow me to have the flexibility I’ve come to value over the last year.

These types of discussions are happening everywhere right now—both inside and outside the real estate industry.

Some people have flourished under new work conditions, while others have languished.

Those who have flourished want to hang on to what they’ve gained.

Those who have languished want things to get back to “normal” as quickly as possible.

Neither scenario will happen to everyone’s hopes and expectations, and thus the seeds of dissatisfaction are planted.

Like my friend, many of your agents, your competitors’ agents, and outside professionals will be considering new opportunities that match their preferences.

It’s time to put out your “we’re hiring” sign and be crystal clear on what you have to offer a prospect.

 

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.

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.