A Recruiting Lesson from Porsche

by | Oct 20, 2021

Companies like Porsche know certain emotions are baked into the human psyche and can be depended upon when consumers make expensive decisions.

Case in point: Porsche just introduced its first fully-electric roadster—the Taycan.

Compared to a Tesla (it’s main competitor), it does not make logical sense to buy this car. As the WSJ recently surmised:

In the bench-racing matchup between Porsche’s best electric and the Tesla Model S Long Range, it’s a rout.

The situation would seem to be disconcerting for Porsche, whose brand has always promised empirically superior performance to the competition.

But Porsche doesn’t seem to be worried even though the Taycan is double the price of the Tesla.

How does Porsche expect to successfully compete?

By understanding the mind of the luxury sport car buyer.

It’s helpful here to remember the chronic urges that form the impulse for luxury automobiles—envy, pride, exclusivity, scarcity, status, the pursuit of the next.

Some of your recruiting prospects are affected by these same emotions along with some others, as well.

Leading with your feature/benefit spec sheet that describes why you’re better than your competitors puts you at a disadvantage.

You’ll be much more likely to win if you engage your prospect’s emotions, hopes, and dreams first.

And then later reveal you’re also the best choice on all the important metrics too.

 

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.

Creating Pacts to Avoid Distraction

Creating Pacts to Avoid Distraction

Notice the two parts to Nir’s formula: a pre-commitment and an external force to keep you accountable to that commitment. For recruiting setting goals and time-blocks in your schedule is not enough. Most people need some kind of external accountability, as well.

Look for Individuals Who Want to be Measured

Look for Individuals Who Want to be Measured

It’s not that people with a growth mindset don’t experience failure—they just see failure as an opportunity to learn new things, to be challenged, and to experience curiosity. This is an important topic to cover during interviews and follow-up conversations with your prospects. If you find someone who likes being measured, you’ve likely found someone who will push through the inherent failures of growing a real estate business and experience long-term success.