Referral Group for :ocal Vendors

Wow, theres a lot of kinds of referrals when you think about it! Client/Vendor/Recruitment....

To collect some fees for referral in my state you need a license, sometimes even another license to collect that fee! Maybe Ill get my MLO/Insurance licenses going again for this, if there is enough volume to earn 1/3 from referring to a pro in the industry of the license. If you think about it you can earn POSSIBLY more on referrals than the service because of time factor(s). You would need some serious transaction volume and ROI though, high ticket.

Ill get to the point... A evergreen method seems to be to create a referral group, like Benjamin Franklin had all those years ago.
Make meetups and invite vendors of H.T. local services to the local Winchells for a box of donuts, thats the plan Im having!

Do the math here. You can set rules like 1 person from every industry, then someone else will want to weasle in, so its probably better to go by niche. 1 mortgage broker, though 1 reverse mortgage person may be allowed too. Trade referrals, set reciprocal if the numbers are off and track inbound referral leads. They are said to be the best leads.
Once a month, thats it..

P.S. : When you own the system other people use its more responsibility sure, though you gain more benefits. Would you rather own a niche FB Group that gains followers, or continue labor methods to earn the equivalent of a meager salary? I dont need to lecture anyone, you all know life if full of CHOICES! Lots of people dont get it, they would rather stay "safe" in a job that doesnt pay, even before gaining skill. They are not informed, growing a book of business is the way to go in the long run if you know what you are doing. Most dont do anything, they would rather slouch & watch a video.
Consumer vs Producer/Creator/Seller; who wins? Given that most people are impulsively driven, I think you see the result! Do legit business and dont chop their dollar, theyll be back then for repeat business or refer you to their friends.

Referral networks can be extremely powerful when everyone involved benefits the challenge is creating a structure where people stay active and provide real value.

Dragon Tia7 said:

Referral networks can be extremely powerful when everyone involved benefits the challenge is creating a structure where people stay active and provide real value.

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Exactly, I think perhaps because of the different costs and profits involved in each service that a reciprocal may want to be set, possibly held up by a written agreement. This is also where the tracking helps. You do not want to send 4 referrals for big service and get back one single small referral in return.

FistFullOfCash said:

Exactly, I think perhaps because of the different costs and profits involved in each service that a reciprocal may want to be set, possibly held up by a written agreement. This is also where the tracking helps. You do not want to send 4 referrals for big service and get back one single small referral in return.

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clear terms from the start prevent problems later and make the referral system work better for everyone...

I didn't follow up with student I met though my sister may still talk to one or two from Japan.

Im German/English/Celtic American here and now the system seems worse. They don't treat whites well now, but that's the sickness here. I see it, they never treat certain people good. No German language teachings in school and conveniently brush over our history, like they don't even teach what happened to Germans before/during/after WW2. Look at a map and all can see loss of Prussia. That is ethnic cleansing they ignore. Many arrogant Americans haha.

I dated Chinese before, it's very different culture from US. Japanese are more fair business wise and polite. Many people here love the Anime.

Thanks! I've been lurking here since 2008 or before, with this account dated 2019 as its creation. Helps when you have a decent foundation to build on. I figured if I could learn digital marketing I could sell anything, then I saw in the courses they leaned heavy on software. I made a decision to buy lifetimes on all my needed tools, have 65+ now licenses from $39-1500 each, I started buying these even before I left the factory. People thought I was crazy. Very few of my software are subscription, some of the core ones like Hosting/Domains and more.

Marketing (++Software) + Business Model
My goal is do digital marketing and HT services then turn the dollars into real assets: business operations (perhaps commercial) and rental properties. Rental portfolio can be good if buying right, for the long term. My family used to have 12+ housing units before the 08 recession. Part of my success is that I type/handwrite business income goals list every day since 18 years old, I have 3 regular lists and a general one for tasks/todos. These are most handy I found for me. The top 3% of income earners all have a life plan, lists are good.

I made a move from ocean to inland and my costs sank 1/4th of what they were prior. Never live in a tourist area unless you have money yourself, not just your families haha.

Sure! I will PM you for more proper introductions.