In this blog, you’ll read my very simple but very powerful strategy to rapidly grow your investing business at lightning speed. Implement this strategy and you will be surprised (happily so!) at how effective it is and how rapidly it works.
Do you want to grow your investing business quickly? Whether you’re new to investing or you’re a seasoned investor who wants to break out of a plateau and get to the next level, this is a very powerful strategy and the more you do it, the more it works.
You’ve probably heard the saying that “your network is your net worth”. Simply put, that means the people you know become a valuable asset to you.
- When I say “know” I mean you know them pretty well – not just their name and maybe their face.
- When I say “valuable asset” I mean that they can provide some kind of benefit to you, although it’s not always as obvious as them being a motivated seller or cash buyer.
Your network is INVALUABLE to your real estate investing business. You’ll meet people who could be motivated sellers or cash buyers, or they may know someone who is; or they might end up having a great connection to an affordable and reliable contractor.
The secret is it build your network aggressively.
Build Your Network Aggressively
Get to know people. Period. I can’t say it more plainly than that. Just get to know people and then get to know more people. You can’t build your network enough.
Whether through friends and family, online connections, your local REIA, or elsewhere, you should always strive to add one authentic contact to your network. When I say “authentic contact” I mean that you know their name (and probably their face, if they’re not online), their contact info (or at least a way to reach them), something about them, and a sense of how you can help them and how they can help you.
The faster you want to grow your business and the higher you want to go, the more of these authentic contacts you need to have. If I were you, I’d make it a goal to meet at least one person every single day. At the end of the year, that’s 365 more people in your network, which is pretty good. But if I were just starting out in real estate investing again, I’d make it a goal to meet at least ten people every single day – earnestly seeking to know them and to figure out how I can help them.
You may not be able to help them with a real estate solution but keep an open mind. Perhaps your barber needs a contractor – you can make a connection with a contractor you know and then down the road your barber tells you that he has a brother who is a cash buyer. Boom. Your network pays off.
You can never know in advance how you’ll benefit but you will ALWAYS benefit by building a bigger network of authentic contacts.