Choosing Who to Ignore

by | Sep 8, 2021

In a recent podcast, Guy Gal, the founder and CEO of Side, describes who his brokerage is recruiting.

Over 70% of agents in the real estate industry are part-time and complete 3 to 7 transactions per year. 

The mission of Side is to recruit and empower the full-time agent who is completing more than 30 transactions per year.

We don’t want to help everyone—just the 200,000 high-producing agents and teams in the country who fit our unique profile.

Like most successful businesses, Side has identified a recruiting niche.

But how they got there is counterintuitive– they started by intentionally excluding a large majority of the available opportunities in the marketplace.

Then, they focused on an even smaller group of agents they felt they could uniquely assist and were not being serviced by strong competitors.

In the end, they proactively chose to ignore more than 90% of the agents in the marketplace.

With less than 10% left, they can now focus more effectively on both prospecting and delivering valuable solutions.

 

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.