Settling Up An Investors Group
I have read that a lot of investors belong to investor groups...
How do they get started?
Who is in control?
What do they cost to belong?
how offend do they meet?
And what benefit do they have to you?
[ Edited by IBuyHousesInc on Date 10/27/2005 ]
I think you missed the question... I wanted to know what the"Norm" was for starting this kind of thing... And everything cost someone something...
I was ranting.
How do they get started? Someone like yourself calls some other investors and sets up a meeting place.
Who is in control? Whomever started it!
What do they cost to belong? In my opinion the only cost to belong should be the price of the room but tons of investors choose to make up fees for the heck of it.
How often do they meet? As often as they feel like it. Once a month is more realistic.
And what benefit do they have to you? I think meetings are great places to make contacts and advertise your properties and services.
REI group, or club is a profit center for whoever starts that.
The guest speakers are NOT getting paid - THEY PAY to be promoted (by the owner of REI club, who brings them new customers).
You might know by now that the seminars for $100 usually end up with back of the room sales. Whatever revenue from these sales is, igets splitted between the speaker and the promoter (% of the split depends on how famous the speaker is, and how much was sold ).
Why do you think so many REI clubs are there, even in a smallest village? - It brings money to someone who is smart and willing to do this work.
Quote:
On 2005-11-06 00:57, kittiwulfi wrote:
The guest speakers are NOT getting paid - THEY PAY to be promoted (by the owner of REI club, who brings them new customers).
You might know by now that the seminars for $100 usually end up with back of the room sales. Whatever revenue from these sales is, igets splitted between the speaker and the promoter (% of the split depends on how famous the speaker is, and how much was sold ).
You may be right, but i dont see that much merchandise getting sold. maybe they sell a couple courses but i doubt that covers there air fare and salaries of the workers that go with them. I remember Jeff Kaller selling the most stuff out of all the speakers i have seen and i think he only sold 7 or so courses.
Zin
I seriously question the validity of the fees. I’m not saying every meeting charges erroneous fees like the ones I describe but there are quite a few. Don’t let the Fredericksburg thing fool you. I’m from Cleveland Ohio. I work in D.C. I invest in Fredericksburg. Last time I checked Fredericksburg was ranked the 18th fastest growing county in the United States (I can see some you jumping on a plane now LOL) If you have a large meeting I would rather pay a one time fee of $30.00-$100.00 for a list (names, numbers, emails) of all it’s regular members than pay reoccurring fees.
You didn’t address the meeting real estate investment trust idea. It would be a great passive investment opportunity. The experienced bring the deals and the whole meeting (regular paying members)votes. Properties would be purchased etc.
Quote:
On 2005-11-07 11:09, GQ wrote:
Zin
I seriously question the validity of the fees. I’m not saying every meeting charges erroneous fees like the ones I describe but there are quite a few. Don’t let the Fredericksburg thing fool you. I’m from Cleveland Ohio. I work in D.C. I invest in Fredericksburg. Last time I checked Fredericksburg was ranked the 18th fastest growing county in the United States (I can see some you jumping on a plane now LOL) If you have a large meeting I would rather pay a one time fee of $30.00-$100.00 for a list (names, numbers, emails) of all it’s regular members than pay reoccurring fees.
You didn’t address the meeting real estate investment trust idea. It would be a great passive investment opportunity. The experienced bring the deals and the whole meeting (regular paying members)votes. Properties would be purchased etc.
LOL, I didnt mean any offense I really didnt know that your from Ohio, it was more of a joke referencing another poster that is from Ohio that tends to not have a grasp on reality.
The club that i belong to has no reacurring fees, you pay a one time per year fee of 100$ and that gets you into all the meetings, but like i said the extra seminars do usually cost something. Which is reasonable in my opinion because of the hotel cost. I guess most people who make these clubs are in it for the profit and apparently holding one large meeting per year just wont be as profitable. I enjoy seeing many different speakers and with numerous meetings this is possible. The other problem i see with the One big meeting/list is that how many investors are going to freely provide everyone with there name and number? im sure there will be a few who choose not to disclose that info.
I do think the Trust idea would be a nice thing, but there would be numerous issues that would have to get panned out. Like how many people do you need at 100$ a pop to buy one deal? what kind of profit is in it if it gets split up 200 different ways? What extra compensation to the people who bring the deals get? wouldnt they rather do the deal themselves then split it with everyone? This would also eliminate the profit for the people who started the group and everyone would own a equal share unless of course the people who start it had that idea to begin with. There may also be security and exchange laws that need to be abided by which could mean more costs (accounting).
I think you have a valid point and a good idea, i just dont know how practicale it would be.
[ Edited by ZinOrganization on Date 11/07/2005 ]
Quote:
On 2005-11-07 10:08, ZinOrganization wrote:
Quote:
On 2005-11-06 00:57, kittiwulfi wrote:
The guest speakers are NOT getting paid - THEY PAY to be promoted (by the owner of REI club, who brings them new customers).
You might know by now that the seminars for $100 usually end up with back of the room sales. Whatever revenue from these sales is, igets splitted between the speaker and the promoter (% of the split depends on how famous the speaker is, and how much was sold ).
You may be right, but i dont see that much merchandise getting sold. maybe they sell a couple courses but i doubt that covers there air fare and salaries of the workers that go with them. I remember Jeff Kaller selling the most stuff out of all the speakers i have seen and i think he only sold 7 or so courses.
Zin,
it is a numbers game, as always. At one meeting/convention they sell a lot of courses, and get people signed up for their seminars/boot camps ... at another less ... you never know how many will be sold.
Anyway, they do get name recognition advantage after meeting and speaking to as many people as possible.
Believe me, the REI club "owner" pays nothing, and gets paid (from whatever is possible to sell) - it is a profit center for the REI club owner.
Yes, although i dont usually attend many of the meetings or anything else for that matter we do also have subgroups that meet once, twice a month.
There was a very interesting one as of late. It was "how to rehab a million dollar house" the meeting was actually at the house and the investors doing it actually took you through the steps. So i think some things can be very beneficial and others not so much.
Heck I would drive from good ole Bakersfield to be there......
[addsig]
-- BUMP --
Anyone else?