173: Freestyle Friday | Having a Networking Budget with Travis Chappell

On this episode of Build Your Network, Freestyle Friday host Travis Chappell talks about having a networking budget.

Here’s what Travis discuss in this episode:

  • Why don’t people spend time, money, or energy on networking?
    • They haven’t experienced it and don’t know its power.
    • If you want to build a powerful network you have to spend time or money or both.
  • How to put together a networking budget.
    • #1 Identify the industry you want to network in.
      • Know what happens in the industry, what’s important to them, what’s an event that’s important to them.
    • #2 Identify key relationships in the industry that will be powerful to have.
      • There’s a price tag to be able to get in with good people.
    • #3 Get uncomfortable.
      • Look at how much you’d be comfortable spending, and then increase it by 25%-50%.
    • Why get put all the work in?
      • There’s a correction in the economy coming.
      • Money will change hands in a down economy, you want the money to be changing into your hands.
      • Invest in knowledge and relationships because you can’t lose these.
    • Start your networking budget for 2019.
      • All it takes is one partnership with someone in a mastermind and you make your money back.

Tweetable Quotes:

  • Your network is your net worth.
  • There’s a price tag to be able to get in with good people.
  • When I committed to having a top podcast I made the investment in myself.

Resources Mentioned:

Buildyournetwork.co – Podcast website

BYN.media/fb – Facebook Group

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