Are You Networking or Not-Working?

by | Jan 21, 2025

As the real estate industry heads into conference season, I’m reminded of some advice I received from Peter Weddle years ago.

Networking is incredibly valuable, but it’s not easy.  Here are the two things I’ve noticed about those who are successful networkers:

First, they quickly learn that networking relationships are hard work.

That’s why the word is spelled the way it is–it’s netWORK, not net-get-around-to-it-whenever-you-feel-like-it.

Second, they understand that relationships take time to develop.

They don’t just happen with the click of a mouse, whether you’re on LinkedIn or any other social or professional networking site.

The golden rule of networking is that you must give as good as you get.

It’s fundamentally an exchange of information, ideas, and/or assistance from which both parties derive value.

The mutual allocation of benefit establishes familiarity and trust, and those two factors are the twin pillars of a relationship.

When networking is working, it nurtures a connection below the surface level.

And it only makes sense that the best hiring managers are the best networkers.

Why?

Because they’re frequently and proactively helping a group of professional peers who are ready to return the favor when the time is right.

Are your best prospects in your network?  If not, do the work to get them there.

 

The Simple Psychology of Real Estate Recruiting [2nd Edition]

Unlock the secrets of effective real estate recruiting. Revised to include actionable frameworks for sharper execution and to help you turn psychological theory into a repeatable recruiting system.

Creating Pacts to Avoid Distraction

Creating Pacts to Avoid Distraction

Notice the two parts to Nir’s formula: a pre-commitment and an external force to keep you accountable to that commitment. For recruiting setting goals and time-blocks in your schedule is not enough. Most people need some kind of external accountability, as well.

Look for Individuals Who Want to be Measured

Look for Individuals Who Want to be Measured

It’s not that people with a growth mindset don’t experience failure—they just see failure as an opportunity to learn new things, to be challenged, and to experience curiosity. This is an important topic to cover during interviews and follow-up conversations with your prospects. If you find someone who likes being measured, you’ve likely found someone who will push through the inherent failures of growing a real estate business and experience long-term success.