The Law of reciprocity is how you build a business, an empire, and investments. Gualter Amarelo and his team of millionaire coaches shared insights on the law of reciprocity and steps towards building your business empire.
What is the Law of Reciprocity?
The law of reciprocity is one of the wealth principles, designed as a way to double your income and your net worth.
Well, how do you increase our income? What, in your business can you give away? Let's go through the process.
We’ve got to start this process of the law of reciprocity with the thought of giving and the thought of a long-term relationship
Step 1: Think about the problem your clients would like to solve
What problem do they have? Or what are some things that you could “gift” or give that would make their life a little bit easier? Let’s look at the example of Mike:
Mike is a real estate attorney. Lenders have a problem with too many people coming through that aren't serious. They also have a lot of legal questions about their closings.
So if Mike says, “well I'm the guy who solves these particular legal issues before they get to the lending side. I've created a package that allows your buyers to come through and better negotiate with the bank. Would that be valuable to you? I'll give it to you for free because I just want Instagram followers.”
When Mike goes and works with lenders, he's got the potential for a hundred closings. Lenders connect him to realtors. Then realtors connect him with the average person. That's a valuable prospect for a closing attorney looking to score more relationships with lenders. Your business is something like that.
Step 2: What is something you can offer to leverage ideal relationships?
Your free gift should be either your time; or a thoughtful thing that's not too costly. It could be an email or a text or a phone call. It could also be something that costs small money.
This is something you can give to your clients or potential clients to draw them in to become clients or stay clients forever. It's something that your clients would see as valuable, fun, or interesting.
It could be in the form of knowledge. It could be a checklist or a workbook you can “gift” for free. What are some of the different ideas that you could give away in your business?
Step 3: Find a way to leverage the law of reciprocity
We give free things to draw you to the event. We give you free things so that after the event, you're telling other people about the event. Some of the free things we give you include our affiliate fees so that you bring somebody in.
Giving to the universe is one thing. But leveraging a way for people to give back is far more valuable. If you don't know what to ask for, ask for referrals. Ask somebody to bring somebody into your business.
If you have been suffering from not receiving despite giving a lot, you might want to have a call with Gualter Amarelo or one of the coaches on the team. You’ll get help setting some structure in place, to make sure that you're doing the things that you deserve.
Learn More About The 52 Wealth Principles
This event is not just for the highly successful! You will learn the principles of single and multifamily real estate investing for beginners as well. This call will put you on the right track to buying your first rental property so you can begin your wealth stacking journey.
