The Elite Recruiter Podcast recently featured a conversation between Benjamin Mena and Michael G. Cox, where the focus was on how to be a successful recruiter despite facing personal challenges. Cox shared his experience of still being able to bill six figures despite his wife's ovarian cancer diagnosis, which caused him to work only part of the year. He emphasized the importance of relationship building with clients and submitting only high-quality candidates for job openings.
The conversation highlighted real-life situations that recruiters may face and provided tips on how to keep the business going while taking care of oneself and one's family. Cox communicated with his clients about his situation and asked them to be flexible with him, which highlighted the importance of balancing work and personal life during difficult times.
The speakers discussed the importance of keeping overhead low when starting a business and how the relationship with clients is strong enough to allow for flexibility in the recruitment process. Submitting fewer candidates is preferred if they are high-quality. Michael shared his experience of starting the business with just a cell phone and a website and only investing in tools when they had clients. They also discussed the importance of helping people without expecting a return, as it can lead to clients in the future.
The speakers emphasized the importance of cost-saving strategies for recruiters, mentioning AppSumo as a great resource for finding affordable tools and software. They also discussed the importance of only paying for tools that are necessary and profitable, cautioning against overspending on expensive tools and justifying it as an affordable monthly payment.
The speakers reflected on their personal and business challenges over the last two years and the importance of being prepared for adulting problems such as medical and life insurance. They advised having savings and a reasonable burn rate and reflected on the high-profit margin of the recruiting business. They also discussed the roller coaster nature of recruiting and the importance of focusing on sales and building jobs to level out the ups and downs.
Overall, the conversation provided valuable insights and advice for recruiters, highlighting the importance of relationship building, cost-saving strategies, and being prepared for personal and business challenges. The speakers emphasized the importance of focusing on sales and building a strong network and shared their personal experiences of going through tough times as recruiters. Their advice and reflections on the industry and personal challenges provide a valuable resource for anyone looking to succeed in the recruiting business.
Michael G Cox LinkedIn: https://www.linkedin.com/in/mikerecruiter/
Zagworx: https://www.zagworx.com/
With your Host Benjamin
Mena with Select Source Solutions: http://www.selectsourcesolutions.com/
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