Recruiting Conversations

How to Recruit in a Space with No Competition


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In this episode, I challenge the traditional recruiting mindset and explain why cold leads are actually your greatest opportunity for long-term success. Too many recruiters focus solely on warm or hot leads—people actively looking for a job—when the real wins come from building relationships with cold leads before they’re ready to move. I’ll share why this approach works, how to develop a system for engaging cold leads, and the mindset shift needed to dominate recruiting.

Episode Breakdown
  • [00:00] Introduction – Why cold leads are an overlooked advantage in recruiting.
  • [01:30] The Problem with Only Chasing Warm Leads – Data shows that 85–95% of professionals say they’re satisfied with their jobs, leaving a very small percentage actively looking.
  • [02:30] Evergreen Recruiting Strategies – Why the principle of “people do business with those they know and trust” makes cold leads valuable.
  • [04:00] The Power of Relationship-Building – How investing in cold leads early ensures you’re the first call when they experience a career shift.
  • [05:30] Why a System Is Essential – Without a process beyond initial outreach, you’re constantly restarting your recruiting efforts.
  • [06:30] The Limited Talent Pool in Leadership Recruiting – Why recruiting leaders have to focus on a smaller, more targeted group and play the long game.
  • [07:30] Blue Ocean Recruiting: Where the Competition Isn’t – How engaging cold leads puts you in an uncontested space where competitors aren’t fighting for the same talent.
  • [08:30] The Attractive Leader Strategy – Why leading with vision, values, and a clear “why” positions you as the recruiter of choice when a recruit is ready to move.
  • [10:00] How to Successfully Engage Cold Leads – Three key strategies to develop meaningful connections:
    1. Affirmation-Based Outreach – Starting with genuine praise to open doors.
    2. Creating a Compelling Reason to Meet – Using industry insights and trends to add value.
    3. Removing Tension from the First Meeting – Focusing on relationship-building, not recruiting.
  • [12:30] The Value Equation: Giving Without Expecting Immediate Returns – Why sending resources, books, articles, or curated content builds trust over time.
  • [14:30] How LinkedIn Has Changed the Game – Why daily content on LinkedIn is now a critical piece of any cold lead strategy.
  • [16:00] The Surrogate Leadership Principle – How positioning yourself as a trusted advisor before recruiting a candidate increases the likelihood of success.
  • [18:30] Final Thoughts & Action Steps – How to structure your recruiting strategy to focus on long-term, relationship-driven success.
Key Takeaways
  1. Cold Leads Are Your Biggest Opportunity – Most professionals aren’t actively looking, but they will move when the right opportunity presents itself.
  2. Warm Leads Are Highly Competitive – If you only chase people ready to move now, you’re competing in a crowded space.
  3. Trust Comes Before Recruiting – People follow leaders they know, like, and trust—this requires long-term engagement.
  4. A System Is Essential – Without a structured process, you’re constantly restarting your recruiting efforts.
  5. Give Before You Ask – Offering value with no strings attached builds credibility and deepens relationships.

Winning in recruiting isn’t about chasing job seekers—it’s about building relationships with top talent before they’re ready to move. If you engage cold leads consistently, offer value, and position yourself as the leader worth following, you’ll create a recruiting system that delivers long-term success.

Want to transform your recruiting strategy? Subscribe to my weekly email at 4crecruiting.com or schedule a coaching session at bookrichardnow.com. Let’s build a system that turns cold leads into your biggest wins.

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Recruiting ConversationsBy Richard Milligan

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