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.

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.