Small businesses and real estate investors are discovering that the new business landscape demands a ‘share or die’ mentality. However, when is it smart to participate in real estate collaboration efforts and when is it more beneficial to keep information to yourself?
Several articles have been published on sharing and real estate collaboration. Recent developments in social media have made information sharing a relevant practice in every industry. Some have embraced the idea of sharing information, hoping their efforts will be reciprocated. However, others have neglected to participate in real estate collaboration, as they are reluctant to give away the information that has given them an edge.
Studies have proven that real estate collaboration is effective. Companies who collaborate can grow faster, generate a larger knowledge bank and benefit from leveraging the talents and intelligence of others. The concept of inbound information is widely accepted. However, outbound real estate collaboration, those who divulge their secrets, is more suspicious. But those who do may be rewarded with increased trust in their industry, establish more connections and gain more referrals. These are all variables for unlimited real estate investing success.
Of course, no experienced real estate company owner or investor wants to give away all of their secrets. Recognize that you will be copied eventually and the odds are your ideas aren’t Einstein level revelations. Good ideas will eventually be copied, so make sure you are the first to implement them.
By being open and getting feedback from select peers, real estate investors can get valuable help and potentially avoid some major mistakes.
There are those, however, that is simply out to feed off the success of others. Lazy and cheap, they’ll milk other pros that have made the effort to invest in their real estate education.
So, in conclusion; be open to helping others and collaborating, but try to keep a tighter lid on some of your most valuable secrets.
Credit: Fortune Builders
The Lagos State Government, through the Lagos State Physical Planning Permit Authority (LASPPPA),...
a month ago Read MoreThe Federal Government has expanded the Abuja-Kaduna-Kano Road project to incorporate a direct...
a month ago Read MoreThe Federal Capital Territory Administration (FCTA) has taken possession of Wadata Plaza, the...
a month ago Read MoreDefaulters on FCT ground rent now have 14 days grace to pay up what they owe the FCT Administration...
a month ago Read MoreUnprofessional practices by estate agents in major cities are significantly influencing the spike...
2 months ago Read MoreA Real estate development firm, Lifecard International Investment Company, has revealed that many...
2 months ago Read MoreDespite a fall in investment volumes from the 2021 peak, there is an ongoing desire for property...
2 months ago Read MoreThe Lagos State government has advised the leadership of the Nigerian Institution of Estate...
2 months ago Read MoreReal estate market dynamics such as construction cost, land, finance, government policies and taxes...
2 months ago Read MoreEvent Set to Celebrate Managers Who Shape Careers and Drive Organizational Growth Business...
3 months ago Read MoreGlobal Leaders to Converge in Lagos for Landmark Event Driving Urban Innovation and...
3 months ago Read MoreIn a bold move to redefine affordable luxury housing, Nigerian real estate giant Gtext Holdings has...
4 months ago Read MoreIndustry Experts Urge Anti-Corruption Measures, Innovative Financing to Address Crisis By: Oche...
4 months ago Read MoreLAGOS, NIGERIA – Global real estate consultancy Knight Frank and UK developer Mount Anvil...
4 months ago Read MoreBy Oche Onum Lagos, Nigeria As Nigeria’s real estate sector braces for 2025, rapid...
4 months ago Read MoreBy Oche Onum Abuja, Nigeria In a landmark move to combat climate vulnerabilities in urban...
4 months ago Read MoreLAGOS, NIGERIA The Federal Government announced plans Wednesday to establish a Real Estate...
4 months ago Read MoreAccording to The Guardian's investigation, 70% of Nigerian states rely on manual land...
4 months ago Read MoreWhat is the Initiative? The Federal Government of Nigeria has unveiled an N100 billion private...
5 months ago Read MoreAbuja, Nigeria’s gleaming administrative capital, has long symbolized hope for migrants...
5 months ago Read More