How to Succeed as a Recruiter: Lessons from Preston

Jul 9, 2024

How to Succeed as a Recruiter: Lessons from Preston

Introduction

  • Preston: 8 years in recruitment, 7 figures worth of placements
  • Purpose: Share lessons to make 6-7+ figures as a recruiter
  • Disclaimer: Not bragging, showing journey and strategies

Career Beginnings

  • Started at a nationwide staffing agency in the US
    • Only stayed for a year
    • Biggest regret: Didn't stay longer to learn management skills
    • Built over $500K on personal desk
    • Paid only ~$30K
  • Transition to internal corporate recruiting at a startup
    • Salary: $30K, short tenure (5-7 months), startup ran out of money
  • Lessons learned: Importance of financial stability and organizational due diligence

Starting Own Agency

  • Took the leap to start own recruiting business
  • Worked 7 days a week, 8-10 hours a day
    • First year: Billed $500K on personal desk
    • Collected all earnings minus taxes
  • Initial strategy: No VAs, no employees
    • Started experimenting with partners and VAs after 4-5 years
    • Recently made first full-time hire

Key Tips for Success

1. Hyper Focus

  • Specialize in a specific industry, market, or job type
    • Example: Focused on product and UX in Tech, NYC
    • Built reputation, developed competence
  • Expansion only after establishing track record
    • Added software engineering later
  • Still maintains focus, 80-90% bandwidth on core positions

2. Reinvest into Business

  • Kept spending low, reinvested earnings
    • Stabilizes business during tough times
  • Invested in tools, products, and talent
  • Avoided analysis paralysis by focusing on essential tools
    • Example: Used Google Sheets for tracking initially

3. Long-term Focus

  • Entered business with a multi-year commitment
  • Importance of relationships and networking
    • Positive client and candidate interactions can lead to referrals
  • Developer strong professional ethics
    • Transparent and honest communication with clients and candidates
    • Avoids unethical shortcuts

4. Continuous Business Development

  • Never stop reaching out and cultivating client relationships
  • Importance of not depending on one or two clients

5. Work with Urgency

  • Speed in scheduling and process management
  • Shorten interview cycle times
  • Quick responses to client communication

6. Sales and Entrepreneurial Experience

  • Previous sales or freelance experience helps
  • Awareness of mental challenges of running a business
  • Understanding rejection and failure as part of the process

Conclusion

  • Preston’s approach combines hard work, strategic focus, and ethical practices
  • Encourages other recruiters to apply these principles for long-term success
  • Emphasizes continual learning and improvement

Final Note

  • Stay committed, build strong relationships, and focus on the long-term
  • Transparency and hard work are key