Overview

On this episode of Build Your Network, Freestyle Friday host Travis Chappell talks about having a networking budget.

Topics Discussed:

• Why don’t people spend time, money, or energy on networking?
  • They haven’t experienced it and don’t know its power.
  • If you want to build a powerful network you have to spend time or money or both.
• How to put together a networking budget.
  • #1 Identify the industry you want to network in.
    • Know what happens in the industry, what’s important to them, what’s an event that’s important to them.
  • #2 Identify key relationships in the industry that will be powerful to have.
    • There’s a price tag to be able to get in with good people.
  • #3 Get uncomfortable.
    • Look at how much you’d be comfortable spending, and then increase it by 25%-50%.
  • Why get put all the work in?
    • There’s a correction in the economy coming.
    • Money will change hands in a down economy, you want the money to be changing into your hands.
    • Invest in knowledge and relationships because you can’t lose these.
  • Start your networking budget for 2019.
    • All it takes is one partnership with someone in a mastermind and you make your money back.

Tweetable Quotes:

• Your network is your net worth.
• There’s a price tag to be able to get in with good people.
• When I committed to having a top podcast I made the investment in myself.

Resources Mentioned:

Buildyournetwork.co – Podcast website

BYN.media/fb – Facebook Group