Saturday, March 29, 2008

It pays to know people

  • A group of market research consultants came to me: they made $40,000
  • A Web development firm came to me: they made $20,000
  • A marketing student came to me: she made $250
  • Two marketing/information systems students came to me: they made $3,000
  • A graphic designer came to me: he made $12,000
  • A bookbinder came to me: he made $3,000
  • An IT consulting firm came to me: they made $27,000
  • A Web designer came to me: he made $3,000
  • A training firm came to me: they made $100,000
  • An IT professional came to me: she made $40,000

The only person who's not making money is me!

I'm just kidding. In most of the cases above, I made a bit of money via the finder's fee of 10-30%. But my record, honestly, is quite insignificant, especially compared to the professional headhunters out there! And what about the real estate people? These folks make a huge amount of money!

My point is, it really pays to know people and build trust-based relationships.

Am I saying that by multiplying your connections on LinkedIn, you can make extra money too?


Now I know that most of you do not have a product to sell. If you did, you would promote it on your Linkedin profile the way I promote my products and companies on my Linkedin profile.

But even if you do not currently have a product to sell, it is wise to start multiplying your connections on Linkedin. I've begun over two years ago and today, I have over 800 connections in about 22 countries. (I plan to have a connection in every single one of the 192 countries listed in the United Nations!).

Most people join Linkedin and still view themselves as employees. That's a mistake.

It's a mistake because if your self-concept is that of an employee, then your mind will NOT be open to business opportunities. I'm talking about opportunities that can generate passive income for you, or even turn you into a millionaire.

To change your mindset from "employee" to "entrepreneur", I recommend the two books by Robert Kiyosaki, Rich Dad Poor Dad and The Cashflow Quadrant.