Overview
On this episode of Build Your Network, you’ll hear top networking tips from three high-profile guests – John Lee Dumas, Molly Bloom, and Patrick Bet-David.
Topics Discussed:
- Tip 1: John Lee Dumas
- Why do so many people fail at growing their inner circle?
- Because people don’t have guidance.
- People need to hear the stories of how and why building your network and relationships is so important.
- Who’s the most influential person you’ve been able to meet?
- Sally Hogshead – she’s an incredible stage presence in live speaking.
- She and her entire family have had insane success in all of their fields.
- If you had to boil it down to one networking tip, what would it be?
- Give.
- To network more efficiently it’s always going to be you giving 50-99% to the relationship.
- What’s a really practical way to give in a Facebook group type of setting?
- Ask a question every day – asking a question is giving.
- Answer a question in the Facebook group.
- Giving one piece of support or guidance to someone in that group.
- Consistency is key.
- If you moved to a new place and lost all of your current contacts, how would you network?
- He would throw a party with food, band, and drink tickets.
- He would bring in cool, affluent entrepreneurs.
- He would post in local Facebook groups, meetup.com, ad in a newspaper, fliers at the local We Work.
- Ask to meet people for coffee to grow his tribe.
- Tip 2: Molly Bloom
- What were some of the tactics you put into play in a new place?
- Truly caring about who people are and what their story is.
- You never know who will be helpful in your life.
- Talk about moving to where opportunity is.
- You have to decide who and what you want to be in the world.
- You have to do real, substantial work on fear.
- Know the difference between fear and danger, meditation helps.
- Have you been able to keep your network intact since you’ve stopped poker?
- She’s created a completely different network.
- She’s more interested in impact now.
- Once you build a network, you know how to do it and you can do it anywhere.
- Tip 3: Patrick Bet-David
- Tell us about a time when a connection led to a moment of success.
- He met someone who asked him to meet his son in prison.
- Through referrals that contact made him $30 million.
- Another story – he met with a guy in the insurance business.
- They built a strong relationship and he put him in contact with Steve Wozniak.
- Steve stayed for a long time.
- He connected with Mark Cuban to get the word out on Cyber Dust.
- He met a guy from Peru who put him in contact with Robert Kiyosaki.
- If you get into the right circles, networking can completely change the game for you.
- He met someone who asked him to meet his son in prison.
- Why do you think so many people fail to network?
- He believes in capitalism after coming from a communist and imperialist background.
- He doesn’t feel bad for people who play games and are lazy instead of reading books and getting to work.
- People put very little energy and obsession into working things out.
- What are some practical ways that you add more value to your inner circle than you receive?
- When he got out of the army, he decided that whatever his army contacts needed (other than paying bills), he would help.
- 90% of people didn’t help him out back, but the 10% that did more than made up for it.
- If you had to narrow it down to one networking tip, what would it be?
- You have to paint the picture clearly of what you need.
- If you ask for general referrals, you’re not getting the highest reward.
- If you moved to a new place and lost all of your contacts, how would you rebuild?
- Listen to people, take notes, see what matters.
- Write details about people in the notes on your phone.
- Tell us about a time when a connection led to a moment of success.
- What were some of the tactics you put into play in a new place?
- Sally Hogshead – she’s an incredible stage presence in live speaking.
- Why do so many people fail at growing their inner circle?
Tweetable Quotes:
- To network more efficiently it’s always going to be you giving 50-99% to the relationship.
- You need to know the difference between fear and danger.
- Once you build a network, you know how to do it and you can do it anywhere.
Resources Mentioned:
Buildyournetwork.co – Podcast website
BYN.media/fb – Facebook Group
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