Avoid these common franchisee recruitment traps
Avoid these common traps and reach your growth goals faster…
Five Franchisee Recruitment Traps To Sidestep For Faster Growth
Franchise brands that want to grow faster must avoid these five franchisee recruitment traps or risk sputtering or even stalling out.
Here’s our Top Five Traps based on over a decade of helping franchise brands find serious leads to growth their business faster.
Trap 1: It's the Recruiter's Fault
Consider how often franchisee recruiters change jobs. Can there be that many bad recruiters in franchising? Not likely. Our experience points to first examining your franchisee recruitment methodology. Find and fix the flaws.
A new franchisee recruiter is a do over. It’s surrender. A new franchisee recruiter simply rinses and repeats the existing recruitment methodology. A new franchisee recruiter has to “get up to speed” so your growth goals are further deferred. If the hire doesn’t work out, you’re back to square one.
Fix your franchisee recruitment methodology first; not the recruiter
Carefully examine the assumptions underlying your franchisee recruitment goal-setting. Good recruiters can’t meet bad goals or execute a flawed methodology. Good goals require metrics, tracking and accountability.
Goal setting based on so-called industry ratios or “that’s what [insert company here] is doing” can easily send you down a black hole. The most common industry myth about ratios is something like…”if we have 100 leads a month (from brokers or our website or portals) we should sign one new agreement a month.” Rarely are these mythical ratios supported by the franchise brand’s history and internal data. But it’s a myth, so we run with it.
Ratios make for great spreadsheets. When not based on your specific franchise data, the underlying assumptions are often wrong. Slow, sometimes no growth is the price paid by many franchise brands.
So if your goal setting isn’t rooted in your brand’s real experience, your recruiter (new or veteran) bears the burden of trying to achieve often unrealistic goals. You end up with one frustrated person trying to do a good job against the wrong set of goals.
If things are going sideways, look first to improve your recruitment and goal-setting methodology. Otherwise, more careers, budgets, departments, reputations and your franchise brand will all take a hit.
Trap 2: Get More Leads
When goals are in jeopardy the call goes out to “get more leads”. More money is spent on online advertising, portals, social media or any idea that can get funded. Everyone wants to believe more leads will put us back in control.
But think about it, franchisee recruiters already spend around 43% of work time chasing the leads coming in the door. Three attempts to reach a lead chews up an average 26 minutes per lead week after week, month after month.
Plus it’s highly likely you’ve only actually talked to a very small percentage of those leads. So if you bring in another 50-100 leads a month your recruiter will spend 10%, 20% even 30% more work time to chase those mostly bad leads.
We’ve done time studies. The time taken to speak to ever more leads sucks the energy, enthusiasm and spirit from good franchisee recruiters. And the results don’t materially change because there’s only so many hours in a day.
Trap 3: This Pipeline Looks Great
Here is some faulty thinking that leads directly into this trap…
- “The pipeline should look healthy. We’ll weed bad leads out later.”
- “The cream will rise. Serious leads will get our time and attention.”
- “They feel right, so let’s put them in, just in case.”
If too many of the wrong people enter your franchisee recruitment funnel, you end up giving good and bad leads equal attention. Focus wavers. Quality and results suffer as your serious leads move on to another brand.
Working smarter to find automatically find serious leads gets more agreements signed instead of weeding out a bunch of people who should never have been advanced in the first place.
Trap 4: Just Talk To More Leads
Calling more leads, hoping for more conversations means you’re rolling the dice that those you speak with will be more of the “right” people. That rarely turns out to be the case. More does not equal serious. But buried among those leads are serious people.
There are serious leads with potential that won’t get the attention they need; serious leads that don’t talk with you.
To avoid this trap, examine your storytelling. Is your brand story complete and transparent? Do you hide behind gated virtual brochures that turn off serious leads? Does your story educate and persuade a serious lead to want to learn more about your brand?
In our experience, a well-crafted franchise story, if correctly presented, engages and encourages serious leads to come to you. It mixes both art and science, fully leveraging all the advantages of the Internet. Over six years, our recruiters make fewer and fewer outbound calls while Pro Prospector automatically identifies the most serious leads for them. This allows a talented recruter to sign more deals because they talk to more of the right people.
Trap 5: Let’s Re-engage Old Leads
We’re often asked: Is it worth staying in touch with uncontacted leads? The answer is unequivocally yes!
However, often the budget, time and attention required to support effective vs cosmetic re-engagement programs gets shortchanged. Any available budget often goes to pay for more new leads or something with short-term potential.
Consequently older, dormant leads are rarely relevant. But consider this: It’s entirely possible to reactivate a group of older leads and see from 2% to 4% of them spring back to life and become serious leads.
Franchise Pipeline Solutions disruptive franchisee recruitment methodology automatically helps find serious leads and grow franchise brands faster. Our proven insights and methodologies have been in worldwide use for over seven years. Join us.
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