Finding Compelling Recruiting Niches

by | Mar 28, 2022

Real Estate Express recently published research on how agent income correlates to hours worked.

In the group of 8,914 agents they studied, they found that if an agent works…

Less than 20 hours/week, their average income is $44K

Works 21 – 39 hours/week, their average income is $73K

Works 40 – 50 hours/week, their average income is $113K

Works 51 – 59 hours/week, their average income is $143K

Works 60+ hours/week, their average income is $172K

Notice the distribution of income at the top two levels—20 extra hours of work/week produces an extra $70K – $100K in personal income!

What is an agent in this income group experiencing?

Most of them are satisfied with their income level, but are frustrated they must work so hard.

Would some of these agents be interested in exchanging a small percentage of their income for a reduction in their hours worked?

For example, let’s suppose you’re earning $175K and working 60 hours per week. What if I could help you earn $150K, work 40 hours/week, and during those 40 hours allow you to focus on the tasks you really enjoy?

This is how recruiting niches work—they find and solve real problems that a group of agents are experiencing.

There are dozens of recruiting niches available in your marketplace.

But because it takes creativity and problem-solving energy to address such issues, most of them are unfilled.

It’s easier just to scream “We have better splits and can offer you leads!” like everyone else.

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 Library Effect

The Library Effect

The Library Effect is something you can easily apply to recruiting, and it’s one of the reasons that accountability groups are so effective.

Just getting together with other hiring managers and recruiting for a set period of time each week will short-circuit many of your recruiting excuses.