Will This Law Change Your Business?

July 14, 2011 | By | 2 Replies More

Hey, I want to share a law with you that fundamentally changed my biz and life… forever more, for the better.

A long long time ago, waaaaaay back in 2004, one of my mentors let me in on this… and it’s a good thing.

You see, after my first year investing, I knew something had to change. The financing techniques I had used (conventional financing, hard money, parters) just weren’t working for my goals, my needs.

So I decided to get private money.

But after trying and failing… getting “no” after “no,” I almost quit.

Then I learned a law from my mentor that completely changed the way I approached getting private money.

It gave me confidence and belief in myself that I didn’t have before. If you had more confidence and belief in yourself and business, don’t you think it would be easier to get private money?

You bet it is.

Will This Law Change Your Biz?

Alright, here’s what my mentor shared with me that changed my biz and life forever… he said that when you do something often enough, a ratio will appear.

I know that probably doesn’t sound like a big deal, but stay with me.

That’s the law of averages.

In baseball, they call it batting average.

Step up to bat, swing 9 times and miss. Then on your 10th swing, you get a hit… and the law of averages kicks in.

And here’s why that’s HUGE

Once a ratio starts, it tends to continue.

Step up to bat 10 more times and chances are you’ll get another hit.

Think about it… if you’re new to getting private money, it may take you 10 appointments to get your first private lender… but then you can expect to get another one from your next 10 appointments.

And guess what?

With repetition, your ratio can be increased.

In baseball, hit 3 out of 10 and they’ll pay you millions of dollars!

Strike out 7 times and get paid millions.

Not bad, ehhh?

The problem with most people is that they’re unwilling to step up to the plate at all… or after they swing and miss, they quit!

Sorry but that doesn’t cut it.

In order to put the law of averages to work for you, you’ve gotta keep swinging, keep setting up appointments to show your private lender PowerPoint presentation, keep spreading the word about your opportunities.

And once the ratio appears, all you have to do is meet with “x” number of people, and you’ll get another private lender.

That simple law gave me the confidence and belief to keep swinging… and it will do the same for you.

– Patrick

P.S. – If you’re wondering, the mentor I’m referring to is Jim Rohn – America’s Foremost Business Philosopher. This lesson came straight from him… the man, the myth, the legend.

I wrote a post on the PMBP blog that has a few of his videos on “How To Have Your Best Year Ever.”

It’s really good stuff.

P.P.S. – Also, a BIG congrats to Tammy Reoch of La Habra Heights, CA!

Tammy got her second private lender on board this past week. And get this… he wants to “start” with $300K – $400K.

Whoohoo! Nice work Tammy!

Just another one of our Private Money Blueprint members easily getting private money in today’s market.

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Category: Cool Stuff, Personal Development

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  1. Great thing to remember – Numbers Numbers Numbers Game – Thanks for the Post P-Rid

    • patrickriddle says:

      Yep, it’s a numbers game for sure Brooks. And one of the coolest thing about it is… anyone can make up in numbers where they lack in skill.

      – Patrick