The Ethical Way to Partner with Other Disposition Wholesalers
Updated: Jan 4
Collaboration over competition.
This is something that I have advocated for quite some time now, the idea that you do better in life and in business when you aren’t consistently competing with others to get what you want.
In our business, a lot of people want to make the most money they can, which isn’t a bad thing, but they want to do it at the cost of someone else making money.
And that’s not right.
It’s easy to split the money down the middle when you’re only working with one other person, but what happens when you’re working with a group of people?
How do you ensure that you’re being fair and still manage to make a profit?
Squading Up with Others, Ethically
I had a coaching call last week where this very question came up. One of my Astro students wondered what the ethics would be for working with a group of people. You can check out the call below:
The main point I want everyone to not only take from this but from the concept of collaboration versus competition, is the importance of open communication.
You can work with a large group of people, whether they’re dispo agents, acquisition agents, real estate agents, etc but you need to be upfront about the deal you’re all working on.
Speed is the name of the game and in this case, this particular member was also looking for a buyer while working with getting help from others.
That’s perfectly fine, but the takeaway is for him to tell the others, “Hey, thank you for your help on this. Just know that I’m also talking and working with some others to sell this deal.”
When you do that, you’ve done your due diligence; everyone knows what your intentions are and there are no surprises. This also includes follow-up – if someone gets the deal sold, then tell the others who are helping you that it’s been sold.
Don’t let someone or a group of someones continue working on something that has already concluded. That’s not fair on them and it’s not a good look for you.
And that’s it.
I hope this post is a help to you and certainly, if you want any more guidance or support, come and join us at AstroFlipping!
For this second to last week in December 2022, I want to thank you for stopping by and reading this year and I hope everyone has a safe holiday season and weekend!