Working a Recruiting Funnel

by | Jul 25, 2024

For most real estate professionals, working a sales funnel is second nature.

But when asked to define and work a recruiting funnel, things get a little cloudy.

Why? Because many recruiters and hiring managers see the recruiting process as short and transactional.

Of course, there is a transactional phase, but the most effective recruiting work is proactive, patient, and responsive to the timeline of the prospect.

The real estate recruiting funnel typically has these components:

Attracting: all the activities that cause prospects to apply and/or agree to be contacted.

Engaging: all the activities that cause prospects to feel understood; including initial interviews/face-to-face meetings.

Nurturing: all the activities that inform and educate prospects of the unique benefits of your opportunity as it relates to their circumstances.

Hiring: all the activities that cause hiring transactions to close.

Onboarding: all the activities that cause the first 90 days of the new hires’ experiences to exceed their expectations.

This framework helps us remember there’s a natural pace and process that honors talented prospects—it makes them feel valued and respected.

If you’re not getting the number of high-quality hires you desire, work back through each step of the recruiting funnel.

Where’s the breakdown?

 

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.