Does This Prospect Belong On My Prospect List?

by | Mar 11, 2025

Recruiting is hard work.

If you’re going to make the effort, it only makes sense to focus your energy on recruiting prospects who will make a meaningful contribution to your team.

Who are these prospects? It depends on your team.

Internet marketing expert Frank Kern advises his clients to use the PVP index to define a target market.

The same criteria apply to recruiting:

Personal Fulfillment: Is this recruiting prospect someone I’d enjoy working with? Do they fit my culture and support what I’m trying to build?

Value:  Does this recruiting prospect need/value what I’m offering? For example, if you’re offering agents a high level of support, focus on prospects who would value (pay for) a high level of support.

Profitability:  Are you and the recruiting prospect both going to make a profit by working together? From a holistic perspective (money and work-life balance), is your team the most profitable place for the prospect to work?

Having clarity on who you’re trying to recruit is the first (and perhaps most important) step in the recruiting process.

Before you add someone to your Potentials List, do a quick gut check:  Does this person meet the PVP criteria?

If not, find someone who does.

 

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 Attrition Variables

The Attrition Variables

While these attrition constants still have the greatest influence, there are some emerging attrition variables worth noting. People also tend to leave companies when: They feel like they’re not doing as well as others in their peer group outside the company. They feel like they’re not as far along as they should be at a certain point in life.

The Attrition Constants

The Attrition Constants

If you’re not focusing most of your retention effort on these issues, you’ll miss the mark. If you’re not focusing most of your recruiting effort on exploiting these weaknesses among your competitors, you’re missing the best opportunities.

The Persistence Mindset

The Persistence Mindset

A leader equipped with this mindset can have a profound effect on the life and career of each individual they engage. It works because an agent is getting a real-time glimpse of what it would be like to work on your team. But it only becomes believable when it is persistently applied over time.