Comments on: Independent Recruiter Business: FAQ

By: Dean Mix

Dean Mix — Sun, 05 Jul 2009 13:52:41 +0000

I am looking into this business very seriously. I have read many blogs and websites about “how easy this can be to be successful”. There is no “free lunch” hard word is what it takes to be successful in business.

I have met with two agencies to start recruiting for them and learn the industry. What is a realistic income working for one of these firms? I see that executive recruiting is lucrative, what type of split could I expect? I would produce revencue for them to start. I have been in outside sales for nearly 20 years and very successful, just laid off.

By: Mike

Mike — Fri, 24 Apr 2009 19:11:27 +0000

Mike Land,

Thanks for responding. I’ve heard anywhere from 25-30% but the numbers keeps changing. Yes, after working for a recruiting company several years ago, I did learn that focusing on one area is best, at least initially. It gives you a chance to become somewhat fluent in the language and buzz words in that industry. I hope to get up and running in the very near future. I wish you great success.

Mike Long

By: Mike

Mike — Fri, 24 Apr 2009 18:06:32 +0000

Average industry standard for recruiting is anywhere from 20% to 25% and at times, 30%. Sometimes I’ve seen it at 18%. There are also flat fees to consider, depending on the industry. An example if this is for physician recruiting. Typically, it is a flat 20K to 25K fee.

I started in recruiting back in Oct. ’06 with no prior experience whatsoever. I questioned other recruiters how many industries I should work in. They said, “you’re gonna want to keep it simple”. Did I listen? No, school of hard knocks has taught me that one (independent agency – one man show), cannot even remotely come close to accomplishing the grandious ideas of success by tapping into multiple areas. I’m still in the process of re-defining areas I should be working in. Some learn their lesson the hard way. Hope this gives some insight.

Mike Land

By: Joe

Joe — Sun, 12 Apr 2009 00:12:27 +0000

I think it’s 20%, but I am no expert.

By: Mike

Mike — Fri, 10 Apr 2009 13:15:31 +0000

Joe,

I am in the process of starting a contigency recruiting business, but would like to know what is the industry standard for fees? Is it 25% or somewhere in between 25% and 30%? I am focusing on upper management positions-Vice presidents, Associate Vice presidents, directors, etc.

Excellent article by the way.

By: Mark

Mark — Sun, 22 Mar 2009 14:20:02 +0000

My work as a consultant consists of sitting down with Management or the owner of businesses and reviewing and streamlining their work processes to increase revenue (a little harder than what it sounds like:)
It’s very challenging in the sense that I work with every type of business.
The downside is that every worker always thinks that I’m in the business to cut jobs when in reality, I’m there to put the business in a higher gear.
I’ve had to be careful in regards to marketing though; all my customers have a non-disclosure clause in the contract they sign with me – they don’t want the fact that they have gone through a reorganization be known by customers and clients. That makes it hard because I can’t name the businesses I worked with; the upside after my first year was that word of mouth got going & I haven’t needed to do any marketing to get new contracts.
Continue the great work!

By: Joe

Joe — Sat, 21 Mar 2009 17:14:33 +0000

All good points, Mark. No doubt Scott’s system takes a lot of consistent effort. What is a business reorganization consultant?

By: Mark

Mark — Sat, 21 Mar 2009 14:40:19 +0000

I don’t want to be the buster of bubbles but one thing that I hope is discussed in this program is how to contact & discuss the services you will be providing to potential clients.

I’m a business reorganization consultant and I can tell you that when I started off, it wasn’t “rosy” and I couldn’t work at it “part-time” to make a “full-time” salary… Clients wanted to know why they should hire me? What background did I have that provided confidence to them that I would get the job done?

Working from home is great, I wouldn’t trade it for anything but it takes discipline. You need to establish ground rules to be succesful. One of which being able to focus and give yourself the time to succeed (which I believe is talked about).

My schedule starts at 07h00am, after taking my shower, I get dressed (tie & all) and then make my phone calls; I’m from the old school & I believe that you project how you are (PJ’s are great but NOT professional)… When I read how his schedule is set-up, the picture I get is of him being somewhat aloof; people need to understand that not everyone can & will be successful at this, working in your PJ’s may sound great but…

Joe, your reviews are great & I enjoy reading all of them and I’m sure this program works, just that it isn’t a walk in the park and from what I’ve read so far, it seems that Scott projects that…

P.S. I’ve been a consultant for over 5 years now & yes, with time it gets easier; I now don’t have to “shop” for clients, I’m getting so many referrals that I’ve joined up with 3 other consultants offering the same type of work I do; this way, it compensates when work isn’t there.

By: Jared

Jared — Wed, 18 Mar 2009 20:56:16 +0000

Just ran across it yesterday and haven’t had much time to consider it. I’ve browsed through job listings for some of the corporate recruiters but would much rather do it on my own than work for one of them. Has anyone else out there tried Scott’s system and what have your results been?

By: Bill

Bill — Wed, 18 Mar 2009 20:54:07 +0000

I am still considering it, but I am leaning more towards purchasing it. I work full-time and attend night classes three times a week for the degree I am working for. I am waiting for this semester to finish, so I will have about two or three weeks to dedicate myself to this before the next semester begins. How about you?