Coconote
AI notes
AI voice & video notes
Export note
Try for free
How to Succeed as a Recruiter: Lessons from Preston
Jul 9, 2024
🃏
Review flashcards
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
📄
Full transcript