The Recruiting Opportunity of a Lifetime

by | Jun 18, 2024

In a recent interview, Tom Ferry made an interesting observation:

When you look back over the history of all great businesses, most of them started during recessions, depressions, or moments of change.

This is not a recession or depression, but it is a moment of change. It’s a once in a lifetime opportunity.

Later in the interview, he went on to say:

If you got too comfortable in 2021 playing pitch and catch and constantly being thrown the ball…this market will be a challenge for you.

In essence, what previously worked for most agents is no longer working.

But those with a different mindset and superior skills can perform at levels higher than ever in today’s market.

So, how do you find agents like this to work with your team or brokerage?

Some of these agents are already in your office or on your team, and they just need coaching to make the transition.

Some of these agents are working for your competitors and need a leader like you to help them reset their mindset and improve their skills.

And some of these agents are not even agents yet but see the changes taking place from the outside and can smell the opportunity.

For the first two categories, helping an agent who had some previous success change their mindset and skills is a difficult task.

For the last category, selecting new agents who will succeed has always been difficult, and current market conditions will not make easier.

As Tom Petty says:  There ain’t no easy way out.

But here’s the good news.

Most of your competitors will not figure this out. But if you do, the payoff will be bigger than ever.

Stay in the game.

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PS.  Have you registered for the upcoming Talent Attraction Event we’re co-sponsoring with Coach Travis Robertson?  If not, get registered today, and get the word out to your agents and prospects so they have time to get your watch party on their schedules.

 

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.