More reasons to become a virtual contract recruiter
There are no shortcuts to financial success as a virtual recruiter from home. However, there are many things you can do that will put real success within your grasp. Earning residual income is powerful, and a good virtual recruiter can do this by working with companies that place contractors (those who are willing to work short-term for an hourly rate rather than a salary).
A company is nothing without its employees … and most companies know it, but do they understand it and are they willing to do whatever it takes to recruit and retain the best talent? Most are, and here’s why: Good candidates are still a challenge for most small and medium-sized businesses, so why not work with those companies to help solve their human technology problems?
Even in today’s economy, when companies are cutting costs, they still need the right employees to keep their doors open and prosper. If you can match the right contractor candidate to the correct contract work order, you will do a placement most of the time.
Your job, as a virtual recruiter, will be to find the right people to present as solutions to problems. What is the problem that most companies have? They need to increase their profits or decrease their expenses to stay in business. Realizing that this statement is very broad, you can translate it to mean several things. It could mean they need to revamp their sales force, cutting out non-producers, or it could mean they have to cut some positions that are overpaid and replace them with new talent at a more junior level.
What is the key component that a recruiter can offer to any company? Confidentiality Let’s say they hire you to find a position where they are replacing someone. They don’t want that person to know that they are going to be replaced because that will obviously detract from their productivity. So they hire you to do a confidential search. That way, they don’t have to run ads that expose your business name and risk the person they replace seeing your ad.
Another scenario is that a company needs to complete a special project that will take three to six months. They want to hire someone for that period of time, but they don’t know where to find it. They also don’t want to carry the burden of firing someone after the project is done. Your job will be to find suitably qualified contractors who will work during that time period.
As a virtual contract recruiter, you will find the contractors to fill the orders. If you don’t have the money to pay your assigned contractors while you wait for your clients to pay their bills, I suggest you connect with a company that can do that type of payroll financing for you. Or contact a company that allows you to work from home and they will handle the payroll and billing for you. In the latter scenario, the company you work for will take a certain percentage for doing this. But it’s still better than tying yourself up with the burden of payroll and billing.
A final note on earning residual income. It comes from having as many contractors assigned as possible. Why? Because the difference between what the contractor earns per hour and what he bills the company per hour is profit (minus expenses). So if you had six contractors (each working a 40-hour week) and your profit margin were $ 8.00 per hour, you’d be making $ 1,920 per week. I imagine that kind of residual income would be good for you, right?
