If you’re not networking you are losing money

Posted on 08. Oct, 2010 by in Atm Deals, Networking



Folks, seriously, if you are not networking you are losing money! Obviously, I don’t mean that you’re losing money that you already have, but I do mean wholeheartedly that you are without a doubt losing money that you COULD have, but never will because you’re not networking!

I wanted to make this post sooner but I’ve been under the weather plus I wanted to put a video up first, but I’ve been having flip camera issues (I hate upgrading when the tell you to for this reason!)

Let me share with you the reason for this post. Last month, I had 3 networking appointments made with folks that either I knew personally from my past or that I met from the internet world. 2 of those appointments held up…the other one I’m going to have to re-schedule (she cancelled on me.)

Now what happened at these networking appointments? Well I’m glad you asked….I’ll share what happened with you now.



The first meeting I had with someone from the internet world. Dave Jacobs over at Llenrock Group agreed to meet with me to talk about commercial real estate. Well needless to say Dave and I hit it off! In our conversations though he asked me about ATMs since he’s read about that on my blog. Of course I told him about our ATM business and I even told him about how we just got a private lender for our ATM business and how that lender is using their self-directed IRA to invest with us.

Dave said “Hold on, hold on. Back up. What do you mean they are using their IRA?” So, I explained the whole truly self-directed IRA thang with Equity Trust and folks, etc. He then said “I have an IRA, I want to do that.” Dave and I spoke in great detail about partnering on his 1st couple of deals and now we’re just waiting on him to find some places to place machines.

2nd meeting was with a wholesaler buddy who I think we originally met in the internet world. We met specifically to talk about the ATM business. He was expecting a nice check for a wholesale deal that day and he wanted to partner on an ATM deal with some of the money. (Congrats! Btw, if you are reading Shannon as we now know that deal went through and you had a nice payday!)

Anyway, we worked out the details of the partnership and I’ve since sent him the paperwork for our partnership agreement and the paperwork for the business that he already secured! for the ATM.

Does it all make sense now? I mean why I said if you’re not networking that your are losing money! Get out there and network folks………I have very limited time now that I’m working full-time but I make it happen with the available time that I have. You can do it too! Make it a point to try to meet with maybe 1 person a week? or maybe 2 a month? or something…..anything.

By the way, Kathy’s been working it too. Tonight we have a meeting with Brandon (her 18 yr. old sons) best friends’ mom and her roommate. They want to talk about partnering on ATMs. However, we’re also going to talk about commercial deals with them too, because the roommate is a commercial real estate investor.

Network, network network. Learn to love that word….it’ll keep your pockets filled with moolah.

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6 Responses to “If you’re not networking you are losing money”

  1. AnotherSteph

    08. Oct, 2010

    Hey Carey,

    You’re so right. That’s something I need to do more of…this darn 9-to-5 sucks up so much of my time, though! :-)

    Steph
    .-= AnotherSteph´s last blog ..Short Sale Offer and Winner- Winner Chicken Dinner- V20 =-.

  2. Flippin' Carey

    09. Oct, 2010

    Hey Steph,

    I hear ya girl! I’m in the same boat. I work a full-time job too and if you calculate my drive time back and forth to work I work over 55 hrs. a week! Sometimes I work later in the night so when I come home there’s not much I can do in the way of networking.

    But you and I both need to work around the 9 to 5 thang to network more. I get off every other friday (because I work every other saturday) and I always try to make some type of appointment for my days off. If you work monday through friday you could have lunch meetings? or you could do weekend meetings or even after work meetings.

    Kathy and I went to dinner Friday night (after I worked for 9 hrs, and traveled 2 hrs to and from work…) we got to dinner at 8pm and left at about midnight! I was friggin exhausted….BUT….we found 2 more folks that want to partner on atm deals with us. So it was worth it!

    Make it happen Steph! Folks like us just have to work a little bit harder at scheduling, ya know?

  3. AnotherSteph

    10. Oct, 2010

    Hi!

    Yes, you’re absolutely right. You’re juggling a job and family, too, so I know you relate! :-)

    I work well more than 40 hours per week and that’s “expected” of me, due to the nature of my job. I also have a long commute, although I am lucky enough to work from home sometimes. I often don’t even get to take a lunch, since more and more it seems some clown is scheduling noon meetings because our calendars are always full. So, even networking during lunchtime is often not an option. UGH!

    I have to come up with more creative options. I take as much time off as possible for my REI biz. Luckily, I have a good amount of vacation time and I use every single day I have!

    Steph
    .-= AnotherSteph´s last blog ..Offer Update and Time Management Help Needed =-.

  4. Realtor Agent

    10. Oct, 2010

    I hear ya! You really have got to have more than one means of income, if you want to at least have the luxury of purchasing miscellaneous items, other than your utility bills and whatnot.
    .-= Realtor Agent´s last blog ..Five Reasons Why! =-.

  5. Flippin' Carey

    10. Oct, 2010

    You got it Steph…..we BOTH have to come up with more creative options….but I know we can do it.

    Realtor Agent…you got that right. Plus, you have to have more than one means of income if you ever want to perhaps not have to work or to really just enjoy life and be free…ya know? Btw, thanks for stopping by….feel free to add comments and answer questions….the more the merrier!

  6. AnotherSteph

    12. Oct, 2010

    Exactly right…

    Keep me posted on your efforts!
    Steph
    .-= AnotherSteph´s last blog ..Offer Update and Time Management Help Needed =-.

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