The concept of remote work has been riding high on success since the Covid-19 pandemic has started and is in no mood to be slowed down.
No one is certain how long the effect of the pandemic might last and how it will hamper the global economy but one thing is certain for sure enterprises will experience challenges in negotiating with the existing clientele or forming a new client base.
Starting any form of job or forming an LLC and starting a business never has a foolproof guide but if you’re an aspiring entrepreneur who is interested in the recruitment industry and wants to start your own recruitment agency, then you’ve definitely landed on the right article.
It was back in 2014 when a panel of researchers and experts mentioned how by 2020, 50% of the workforce would consider remote work.
At that point in time, even considering the fact that recruitment agencies could work from home seemed extremely bogus.
There are a lot of things one needs to keep in mind when it comes to planning out and structuring how to establish a business and keep employees motivated without the office buzz. So, here are 6 tips on how you can start a successful work-from-home recruitment agency and call yourself a remote recruiter!
Tips for Starting a Successful Remote Recruitment Agency
To help your dreams come true and start your own work-from-home recruitment agency, make sure you keep the following tips in mind.
1. Discover Your Niche
To start with, you must decide the kind of niche you want to focus on. Your remote recruitment agency could either be IT-focused, a retail business-oriented one or you can even go off the hinge and provide recruitment software to various recruitment agencies if SaaS (Software as a Service) is your thing.
Discover your market and the knowledge you have.
Don’t forget to assess which candidates you have the strongest connection with. When you have a clear understanding of your niche and the market you want to excel in, it will help you build your agency better.
2. Understand Your Finances
If one thing you must learn as an aspiring remote recruiter is to assess your finances well before jumping into anything. Starting a recruitment agency from home might not require a huge amount of money like most other startups. However, you need to take some initial costs into account, such as business registration fees and the basic equipment you’ll need in the beginning. Additionally, there are ongoing fees as well, like LLC yearly fees to be paid.
The cherry on the cake is since you are doing it remotely, you save up on your commute and office rental. If you’re unable to understand your finances, make sure you take help from your mentor, ex-colleague, or a close friend who can give you proper financial advice (e.g. getting the right startup business credit card).
3. Who Are Your Competitors?
Once you discover your niche and assess your finances well, move on to the next step of understanding who your real competitors are. The best way to do it is by performing a SWOT (Strengths, Weaknesses, Opportunities & Threats) analysis.
You must know that a SWOT analysis helps you truly understand your business better, you can address your weaknesses, deter threats, capitalize on any opportunity and take advantage of your strengths.
Once you know yourself and know your enemies well, you very well will achieve what you’re aiming for and won’t be in any sort of danger.
4. Research on Prospective Laws & Regulations
Most companies rely on law firms and other counsel to take care of the legal business. Nevertheless, being the founder of your own company, you need to know the prospective laws and regulations well to prevent any legal actions and proceedings in the future.
Please note that registering a sole proprietorship business is not a requirement, but obtaining certain licenses or permits is mandatory for its operation, and the latest law the recruitment agencies need to follow includes the GDPR, which involves data protection.
5. Build Proper Marketing & Business Goals
Your marketing strategies will define how well your company will do in the near future. The first step is creating a perfect logo that enhances who you are as a brand and an agency.
Draft a marketing structure and identify the tools and skills that you can use. If marketing is not your strongest point, as a recruitment entrepreneur, you very well know what your next step would include, that is, hiring the right people for the right job.
Reach out to clients and candidates and make proper use of LinkedIn. It should act as your major branding agency.
Once you pick the right channels you’ve already won half the war. Remember that objectivity is key. A successful remote recruitment agency would just not count on a proper marketing strategy or on the number of people working for their company but also on clear business goals. Make sure that you set up both short-term and long-term goals for the benefit of your company.
6. Make Sure to Invest in People & Tools
An entrepreneur never has everything sorted out on their plate. They have to make their way, on their own, learning from their mistakes but still carrying on. The recruitment agency as you all know is heavily influenced nowadays by technological tools.
Invest in the right tool and you will end up saving an enormous deal of money. One of the most reliable software that most of them use for the hiring process is an Application Tracking System (ATS).
Source out the best candidates with the help of an ATS and easily track their statuses.
You will thereby notice how easy and manageable your talented candidate pool is. In your work-from-home recruitment agency, your main hiring criteria would be to invest in the right people. That said, lookout for people who have core strengths in areas where you and your other colleagues lack.
Working from home has a lot of pros but also comes with definite cons. Make sure you weigh everything correctly and don’t forget to tell us in the comments if you too are looking forward to starting your own remote recruitment agency.
