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Warning don't book another property seminar until you have read this!!!

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  • Warning don't book another property seminar until you have read this!!!

    This post has been several weeks in the planning and now seems appropriate timing as the marketplace is setting itself up.

    The property market within the next year or so is set to slow even further. With this there is now an abundance of property investment educators in the marketplace.

    Investment property is destined to no longer become the latest Fad. (Just look at history)

    What does this mean to all of you who may be thinking of investing in some sort of property related education?

    *You now have more quality choices than previous.E.g GBI, Massive-action, Hybrid, Rm, Empower.......
    *The pricing could become more competitive as more educators compete for fewer investors.
    *Some educators may repackage/brand there old seminars add a few extra features and call them something new. This is a classic business trick to get peoples attention. Often the product is just the same as previous. ( Example: Soft drink companies).

    What should investors do?

    1-Think carefully about locking into a commitment for numerous seminars or booking too early. There may be hotter deals closer to the events start date or from other educators offering a similar service.

    2-Book only those seminars that you will benefit from. No point booking for a course just because it is cheap or a package deal. Especially if you know you won't benefit. Remember Business wants to up-sell to you. "Would you like Fries with that?"

    3-Does your local Property association run events or seminars? Often these have very low overheads and can provide you quality education without any of the hype.

    4-Beware of dodgy advertising and claims. Have you noticed how some products always say "Only 7 tickets left". They want to put some sort of time pressure on you to buy there product. TV commercials do this well. "Book within the next 20 Min's to receive .....". Many companies don't stick to this claim. Do you think they will give you same deal if you rang in 25 Min's and asked for it?

    5-They may offer you a free product. This product has a value attached which is rubbish. The product has probably never sold at that price and never would.

    6-Attend a Propertytalk event and network with like minded individuals. Often this is the best education you can ever get and it is cheap.


    All I am saying is do your own independant due diligence. There are some good seminars around.

    What if you wanted a new car?
    Typically you would not just buy the first car you saw. You might research what you wanted and shop around. Would you not do the same with your educator?

    These forums are a goldmine for this research they are Independant and Free.

    Have fun out there and be careful.

    Feel free to post further comments or suggestions people. I intend to package this advice into a PT PDF to be uploaded for all to read. But I need more content before I do this.

    Whittaker Hamilton
    Last edited by whitt; 28-10-2007, 04:58 PM.

  • #2
    Side-Note for item #4 "Dodgy advertising claims":

    Have you ever been to an expo and filled in those competitions?

    Ever wondered how many people win the prizes?

    Well I have been involved with an Expo in the past and the promoter told me to run a competition. They said you just collect the names for a database and never give out a prize. This was the advice given from the promoter.

    Not a bad little story considering we have a Property Expo In Auckland shortly.

    Comment


    • #3
      Cool

      Great thread Whitt! Yes there are many educators in the industry now. I hope this helps keep new investors informed.
      No price is too high to pay for the privilege of owning yourself. - Friedrich Nietzsche

      Comment


      • #4
        I was involved in a 'business card draw' at an expo where the randomly drawn prize 'just happened' to go to the best prospect to come to the stand.
        DFTBA

        Comment


        • #5
          You see these sorts of draws all the time now. In places like St Lukes mall in Auckland, they always have a car on show. They say you can win it by simply filling in the form.

          I assumed unitl I read Whitt's post that they did give the car away and so the value of the information was more than the value of the car. But maybe they don't give you the car. Or maybe if you're name gets drawn out you get to spin a wheel with a 1 in 100 chance of winning the car etc.

          I never enter these things. Surely your name will go onto a database that would be sold to heaps of places so that you'd get telephoned, emailed and junk mailed a great deal. For me it's not worth it.
          Squadly dinky do!

          Comment


          • #6
            Yeah - like I just last week 'won' my choice of an MP3 player, digital camera, DVD player or $1000 travel vouchers.

            All I had to do was sit through a 30 min sales presentation. Some prize!

            No thanks!
            Lisa

            Comment


            • #7
              Hi Guys

              Won a pair of New Balance NBx Running Shoes up to the value of $260 this month by entering a competition on NewstalkZB.

              Biggest prize I've ever won.

              Regards
              "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

              Comment


              • #8
                Well done Muppet.

                Comment


                • #9
                  Go Muppet

                  Mum won't catch you now.

                  Comment


                  • #10
                    Hi Hort

                    Have to get the other hip replaced first.

                    Regards
                    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

                    Comment


                    • #11
                      Now this contradicts what I wrote for part of item #1. But is something for thought.

                      Here is just a taste of a hot offer that is out there in Oz at present which arrived in my in-box last week.

                      A 2 day seminar In Aussie from Tony Robbins company and numerous free gifts.
                      *The Edge: The Power to Change Your Life Now – a CD and DVD set from Tony Robbins’
                      *A ticket to Real Estate Mastery – Put your life’s new momentum into action at this powerful program designed to accelerate your financial freedom and quality of life through the property market.,
                      *Bonus Unlimited Power Coaching Session -


                      And the Price they offered me $75. Yes thats right. A 2 day seminar and gifts for only $75. But only if I booked by a certain date.

                      Talk about some hot deals out there in the education market at present.

                      P.S
                      Some people may have taken my first posts intentions wrong a bit.
                      I am not against Seminars or educating oneself. But instead highlighting the current education market and recommending people think carefully which they choose. As the quality is high and you have numerous choices.

                      Comment


                      • #12
                        Hi Whitt,

                        Awsome post. Do you think we're entering a "buyers market" for seminars?

                        Regards.

                        Comment


                        • #13
                          Originally posted by Ralf View Post
                          Hi Whitt,

                          Awesome post. Do you think we're entering a "buyers market" for seminars?

                          Regards.
                          Thanks Ralf. The response's so far has been both good and bad. I guess when somebody speaks out there honest opinion not everyone will be happy.

                          This education market will continue to go through some changes.

                          It all comes back to :
                          *More supply , less demand equals better deals.

                          Comment


                          • #14
                            New Zealand Property Traders Association AKA The Traders have announced a membership program and monthly meetings with keynote speakers.

                            Along the same lines as the Property Investor associations such as APIA etc. You even get the choice of monthly magazine like APIA too.

                            Looks like the choices are getting even better for the public. Not only various seminar companies to choose from , now you have a choice on monthly membership clubs too.

                            Comment


                            • #15
                              Originally posted by whitt View Post
                              Now this contradicts what I wrote for part of item #1. But is something for thought.

                              Here is just a taste of a hot offer that is out there in Oz at present which arrived in my in-box last week.

                              A 2 day seminar In Aussie from Tony Robbins company and numerous free gifts.
                              *The Edge: The Power to Change Your Life Now – a CD and DVD set from Tony Robbins’
                              *A ticket to Real Estate Mastery – Put your life’s new momentum into action at this powerful program designed to accelerate your financial freedom and quality of life through the property market.,
                              *Bonus Unlimited Power Coaching Session -


                              And the Price they offered me $75. Yes thats right. A 2 day seminar and gifts for only $75. But only if I booked by a certain date.

                              Talk about some hot deals out there in the education market at present.

                              P.S
                              Some people may have taken my first posts intentions wrong a bit.
                              I am not against Seminars or educating oneself. But instead highlighting the current education market and recommending people think carefully which they choose. As the quality is high and you have numerous choices.
                              Today I have been offered free tickets to the RealEstate Mastery event, audio products etc from Tony Robbins crowd. The deals just get better.

                              Looks like they are running a 9am tilll 9pm event in Auckland next month.

                              Comment

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