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LARRY GOINS AND SHAUN MCCLOSKEY<br />
members are going <strong>to</strong> find out about and attend other <strong>REIA</strong><br />
meetings anyway; why not work <strong>to</strong>gether and decide up front that<br />
the way you're going <strong>to</strong> be outstanding in your market is <strong>to</strong> be the<br />
best <strong>REIA</strong> in the area! You can do this by remembering that the key<br />
<strong>to</strong> being the best is <strong>to</strong> provide the most value <strong>to</strong> your members—not<br />
in spending your valuable time worrying about your competition<br />
stealing what you've got.<br />
If there are other <strong>REIA</strong>s in your area, chances are, they're also doing<br />
some of the same marketing you're doing <strong>to</strong> build their <strong>REIA</strong>. They<br />
may also be doing some different things as well. Some of what<br />
you're doing is better than what they're doing, and some of what<br />
they're doing is better than what you're doing. Why not join forces<br />
and benefit from each other in a big way? Contacting these other<br />
groups and offering <strong>to</strong> trade mailing lists and contact information is<br />
a great way <strong>to</strong> quickly double or triple the length of your list. Since<br />
all of these people were at one time interested in a different <strong>REIA</strong><br />
group, they will be a targeted audience with a specific interest in<br />
real estate investing.<br />
One way this works really well is if the two competing groups have<br />
slightly different focuses. For example, my <strong>REIA</strong> here in St. Louis<br />
(called Lifeonaire <strong>REIA</strong>) is in the process of joining forces with<br />
another <strong>REIA</strong> here in the area called "South Side <strong>REIA</strong>." The owner<br />
of the South Side is a friend of mine that owns a real estate<br />
brokerage. One of the reasons he started the <strong>REIA</strong> is because he<br />
wants <strong>to</strong> be the go-<strong>to</strong> broker in the St. Louis area for real estate<br />
inves<strong>to</strong>rs. The <strong>REIA</strong> for him is a means <strong>to</strong> build his other brokerage<br />
business. He provides great info through the <strong>REIA</strong> <strong>to</strong> drive people <strong>to</strong><br />
the meetings, knowing that, as the owner of the <strong>REIA</strong>, he instantly<br />
receives credibility as the expert in the room. This means that a<br />
certain percentage of his members will end up wanting <strong>to</strong> use the<br />
services he offers through his brokerage. He also knows he'll pick up<br />
additional real estate agents (who are also inves<strong>to</strong>rs) <strong>to</strong> hang their<br />
license with his brokerage. Granted, he also profits from the <strong>REIA</strong><br />
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