What They Don"t Teach You at the Seminar!
If you are new to real estate investing or have been involved for a few years, you have most likely attended one of those seminars.
Yes, the free introductory real estate seminars that leads to a two-day training which may lead to a full week "intensive" boot camp possibly in another state that may cost as much as a down payment on an average middle class home.
While attending the free introductory seminar, you are introduced to all of these ideas and possibilities that cause you to sign up for the two-day training.
After you finished attending the two-day training, you feel pumped up and ready to take action using the few techniques they have taught you.
After a few days or possibly a few weeks, you start to feel hopeless and you start to wonder if you missed something at the training or if you did something wrong.
Well, you didn't miss anything at all.
Here are some of the main topics that you were not taught about.
Networking- Networking is a major topic that is never discussed and that is very critical to any business especially the real estate industry.
In order to make things happen and get those deals done, you have to be known in the industry.
You have to continuously connect with people of similar interest.
You have to connect with other real estate investors, agents, and other related professionals.
You have to form relationships with people and maintain those relationships.
Networking is primarily based on connecting with other individuals.
One can connect with people anywhere.
You can network at church, social functions and professional functions.
It's a "contact" sport.
Marketing- Marketing is very important in this business.
You have to consistently market yourself and do mass marketing at that.
You have to be very creative and think outside of the box.
You have to use various forms of marketing which ranges from direct mail marketing to social media marketing.
Networking is also a part of marketing because when you are connecting with other individuals you are basically letting them know that you have a service to provide and that you EXIST.
The most important thing is that you have to consistently market yourself every day.
This can be in the form of posting on various sites such as Craigslist, making cold calls to possible sellers and agents and posting on social media platforms.
Organization- Organization is a must for everyone not just real estate professionals.
You have to be very organized.
You have to know what you want to achieve each day, week, month and year.
After you find out exactly what you want then you have to start planning and setting those objectives.
If you don't know how to properly plan your activities or not sure which activities are the most important to do, don't feel bad about it.
Ask individuals that you view as being successful and efficient how they go about planning their day.
10% Rule- The 10% rule basically means that most of the things that you encounter or individuals you connect with in business or in life will not be worth your time while 10% or less will be worth it.
This can be applied to the number of properties that you view per day to find potential investment properties and individuals that you meet at professional networking events.
One example is most of the individuals that you meet whether they are investors, wholesalers, and other real estate related professionals will not be serious or you may not be able to ever to do business with them due to various reasons however 10% or less of the individuals you meet most likely will be worth the effort to create a mutually beneficial business relationship with.
This can also be applied to potential partners, future assistants and various other things.
This is very important for people to know because many individuals may think there is something wrong with their approach when in reality this is just how business and life goes.
Networking, marketing, organization and the 10% rule are very important for potential entrepreneurs and solo practitioners to know about when they are pursuing their real estate entrepreneurial interests.
Some people may wonder why these topics are not discussed at the seminar and to be honest it would take a lot of time to discuss these things especially if most of the individuals in attendance don't know anything about them.
Sometimes the instructors don't even know much about real estate and only give information that they were taught to give.
The main goal of the speaker is to get as many folks as possible to sign up and pay for the training.
Most of the seminar instructors don't care if the trainees are successful in real estate.
In order to be successful in this industry, one has to be creative, persistent, and fearless and be able to explore new ideas.
Yes, the free introductory real estate seminars that leads to a two-day training which may lead to a full week "intensive" boot camp possibly in another state that may cost as much as a down payment on an average middle class home.
While attending the free introductory seminar, you are introduced to all of these ideas and possibilities that cause you to sign up for the two-day training.
After you finished attending the two-day training, you feel pumped up and ready to take action using the few techniques they have taught you.
After a few days or possibly a few weeks, you start to feel hopeless and you start to wonder if you missed something at the training or if you did something wrong.
Well, you didn't miss anything at all.
Here are some of the main topics that you were not taught about.
Networking- Networking is a major topic that is never discussed and that is very critical to any business especially the real estate industry.
In order to make things happen and get those deals done, you have to be known in the industry.
You have to continuously connect with people of similar interest.
You have to connect with other real estate investors, agents, and other related professionals.
You have to form relationships with people and maintain those relationships.
Networking is primarily based on connecting with other individuals.
One can connect with people anywhere.
You can network at church, social functions and professional functions.
It's a "contact" sport.
Marketing- Marketing is very important in this business.
You have to consistently market yourself and do mass marketing at that.
You have to be very creative and think outside of the box.
You have to use various forms of marketing which ranges from direct mail marketing to social media marketing.
Networking is also a part of marketing because when you are connecting with other individuals you are basically letting them know that you have a service to provide and that you EXIST.
The most important thing is that you have to consistently market yourself every day.
This can be in the form of posting on various sites such as Craigslist, making cold calls to possible sellers and agents and posting on social media platforms.
Organization- Organization is a must for everyone not just real estate professionals.
You have to be very organized.
You have to know what you want to achieve each day, week, month and year.
After you find out exactly what you want then you have to start planning and setting those objectives.
If you don't know how to properly plan your activities or not sure which activities are the most important to do, don't feel bad about it.
Ask individuals that you view as being successful and efficient how they go about planning their day.
10% Rule- The 10% rule basically means that most of the things that you encounter or individuals you connect with in business or in life will not be worth your time while 10% or less will be worth it.
This can be applied to the number of properties that you view per day to find potential investment properties and individuals that you meet at professional networking events.
One example is most of the individuals that you meet whether they are investors, wholesalers, and other real estate related professionals will not be serious or you may not be able to ever to do business with them due to various reasons however 10% or less of the individuals you meet most likely will be worth the effort to create a mutually beneficial business relationship with.
This can also be applied to potential partners, future assistants and various other things.
This is very important for people to know because many individuals may think there is something wrong with their approach when in reality this is just how business and life goes.
Networking, marketing, organization and the 10% rule are very important for potential entrepreneurs and solo practitioners to know about when they are pursuing their real estate entrepreneurial interests.
Some people may wonder why these topics are not discussed at the seminar and to be honest it would take a lot of time to discuss these things especially if most of the individuals in attendance don't know anything about them.
Sometimes the instructors don't even know much about real estate and only give information that they were taught to give.
The main goal of the speaker is to get as many folks as possible to sign up and pay for the training.
Most of the seminar instructors don't care if the trainees are successful in real estate.
In order to be successful in this industry, one has to be creative, persistent, and fearless and be able to explore new ideas.
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