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Hookers & cocaine
To all IA's: If you could choose only one business building effort, which one has proven to be the best activity to generate new business for you? Be specific.
And for the record...financial adviser referrals are BETTER then real estate referrals. I myself want to transition into this market & let my real estate leads be handled by a producer. They are tedious, time consuming & just an overall grind.
I've built my whole book on them & it's a great method of business. BUT...Financial Adviser business is just easier. There's no making certificates for closings, closing date changes, inspection issues (at least not as many.) I think it would be a bit harder to generate the same volume of leads...BUT...I'm going this direction.
If you're going to build your networking presence in real estate, you will need cocaine for sure (or you'll have to drink a majority of the week.) Hookers will be a must as well.