Avoiding the Race to the Bottom

by | Jul 19, 2024

When designers conceptualize a glove, they have a hand in mind.

Why does the hand need the glove?

What tasks will the hand be doing that would make a glove helpful?

Does the glove need to be waterproof?

Is the hand trying to look better by wearing the glove? Does it need to match other accessories?

What caused the last glove to get discarded?

Once these, and many more questions are answered, the designer is better equipped to make the glove.

In the end, the target consumer will find value in a well-designed glove and feel a sense of satisfaction when they pull it onto their hand.

Recruiting should work the same way.

Doing the work of crafting a value proposition that uniquely meets the needs of a specific group of agents reduces the friction later in the recruiting process.

If your strategy is to sell a me-too glove that looks a lot like what your competitors are offering, plan on selling it at a low price.

The higher margins and ultimate success are reserved for those who design and articulate unique solutions.

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P.S. Yesterday, I had the opportunity to speak to more than a hundred broker owners and leaders who are working on sharpening their recruiting value propositions for the second half of the year. If you’d like to learn more about the process we used to help them create killer value propositions, reach out to us. We’ll share it with you 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.

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.