How Connect 2024 Can Increase Your Network ROI
Membership in Top Echelon’s recruiting network is like anything else in business . . . or in life, for that matter. You make an investment in it, and you would like a return on that investment, or a ROI.
(Not everything in life offers a return on investment. Like being a Cleveland Browns fan, for example.)
But membership in Top Echelon’s split network? Yes, you would like—and even expect—a return on your investment.
In fact, we JUST talked about how you can earn an almost 500% return on your TE investment by making just one split placement in the Network per year. So, we got the ball rolling . . . now let’s keep it rolling!
And of course, let’s run the numbers again . . .
Network ROI: Breaking Down the Numbers
So your agency pays $135 per month for your Top Echelon Network membership. Projected over the course of a year, your agency would pay $1,620 in membership fees.
Let’s say you only make one Network split placement during the course of your first year of membership. The average split placement fee in Top Echelon Network is usually around $20,000. And that might be a low estimate, depending upon the industry and niche in which you work. (In fact, the average placement fee in the Network in 2023 was a touch over $21K.)
Now, take away Top Echelon’s 6% brokerage fee (3% from each recruiter) and you have $18,800.
Divide that number by two, since it’s a split placement, and you have $9,400 for each recruiter. (Or for each recruiting firm.)
Let’s say, for the sake of argument, that you attend this year’s Top Echelon Network National Convention, also known as Top Echelon Connect 2024. However, let’s also say that you make a split placement as a result of attending. This is a placement that you would NOT have made otherwise.
But let’s also say that you spend $2,000 to attend the conference, what with registration, travel, and your hotel stay. Where does that leave us in the Land of ROI?
Once again, to calculate our ROI, we will subtract the initial cost of the investment from its final value, then divide this new number by the cost of the investment, and finally, multiply it by 100.
Initial cost: $3,620 ($1,620 in membership dues + $2,000 cost of attending the convention)
Final value: $9,400 (your agency’s half of the split placement fee)
- $9,400 (final value) – $3,620 (initial cost) = $5,780
- $5,780/$3,620 = 1.60
- 1.60 x 100 = 160
So, if you make one split placement as a result of attending Top Echelon Connect 2024, your agency will receive a 160% return on its investment.
And sure, a 500% return is better than a 160% return, but don’t forget that the cost of your initial investment ($5,780) may very well be tax-deductible. However, please consult your accountant for iron-clad tax advice. I am neither a real accountant, nor do I play one on television.
When you attend recruiter networking events like Top Echelon Connect 2024, you are dramatically increasing the chances that you’ll make split placements in the near future. And as we just calculated, you only need to make one split to receive a great ROI. If you’re a newer Network member, this is the perfect opportunity for you to “hit the ground running.”
But Early Bird Registration for Connect 2024 is ending soon. (It ends on April 15, as a matter of fact.)
So click HERE to register today and start getting a bigger return on your Top Echelon Network investment!