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73 contributions to Royalty Ronin
The Pokemon Card Auction
How could the winner of the Logan Paul Pokemon card auction recoup some of their cost of the winning bid? The answer is in Season 3 of King of Collectibles (Netflix) But what is your guess???
The Pokemon Card Auction
1 like • 14d
Logan is collecting $ from appearing with the card at events. And the story of the card selling for $16M makes it legendary. I would loan the card back to Logan for a percentage of the appearance fees. Then, because I know anyone willing to shell out for Logan to make an appearance with the card must have an audience of serious Pokemon collectors, I would see what other cards and collectibles I could get to sell to attendees of those events. Also, where else can I create a story like this? Can I find another influencer and turn them into a celebrity Pokemon collector? I could buy or find another rare Pokemon card, give say 10% to a high-profile celebrity, promote the card and the celebrity together, and collect some share of the appearance fees with the card. Eventually, when the card is sold the celebrity gets a share but the monster share of the increase in value goes in my pocket. And I now have a playbook to do it again.
1 like • 14d
@Tom Curtis Aww shucks.🥴
Paying referral fees to introducers.
How are y'all structuring finder fees to introducers? I've met a super connected dude who'd like to introduce me to new partners, I'd like to make it worth his while and give him a nice big check to say thank you and bring more deals like it but without paying him upfront How do I do it?
1 like • 14d
@Glenn Bridges I'm going to suggest something a little counterintuitive. Instead of dropping the finder's fee once you hit a milestone, consider raising it. Think about it. What do you want? You don't just want referrals. You want 2 things: high-quality referrals and for your referrer to open his contact list. They are only going to do that if you have an attractive offer and they trust you. Let's game it out: Say you have a referrer, for this example let's call him John, with 3 great contacts. Those contacts have large audiences that trust them and offers that convert like crazy. Allan is worth $50k to you. Bob is worth $100k to you. Cindy is worth $250k to you. What do you think John is going to do? Under the 10% up to $10k deal, here's what I think he might do. (A lot of this depends on how good your relationship is with John.) John refers Allan. You make $50k. You pay John $5. Now that you've paid John his money on time and he knows he can trust you, he refers Bob. You make $100k. You pay John $10k. Does John refer Cindy to you? I'm not so sure. Even a deal that pays 10% without a cap is more valuable than what you are offering. John will at least have to think hard whether to refer Cindy to you or someone who pays better. Even the formula that @Robert Segelquist suggested (which is pretty standard) only pays $13k. ($10k for the first $100k, then 2% of the next $150k=$10k+$3K=$13k). Compare that to offering 10% on $100k and 15% after you reach that milestone. What will John do now? He'll probably refer Allen to test the waters. You make $50k. You pay John $5k. John trusts you, so he refers Bob. You make $100k. You pay John $10k. John now knows you and trusts you, and the deal is better for him if it's worth more to you. John gladly refers Cindy to you because you offer an even bigger pay day. He doesn't have to reconsider, because not only is your deal more lucrative, but also you are a trusted friend who follows through on your commitments and produces great results for your referrers.
Uh oh!
I just acquired a 1900-person group in the "Acquisition" space... They are pretty much beginners. But... The community is a bit more sluggish than I thought... I'm gonna need to "revive" them. 👉Would you like to follow along? I've already ... renamed the group ...added new cover graphics ...Got the seller to make a short intro post ...did my Dork Bus opener ...now, I'm gonna feel them out for what they're interested in and try to connect with them. ===>Here's where you can follow along Rooting For Ya, Travis PS My first "content" post is on how I get all the deals I can handle when I go Off Market Fishing
Uh oh!
2 likes • 15d
In!
Feedback on this poll?
Got a challenge in a group starting very soon and I bashed together this for a welcome T1 style. The Midnight Rightmove Scrollers It's 11:47pm on a Tuesday. You're in bed. Partner's asleep next to you. Phone screen glowing in the dark. Rightmove. Again. Scrolling through the same properties you looked at yesterday. The same retail prices. The same investors competing for scraps. But maybe this one. Maybe if you refresh. Maybe tomorrow's listings will be different. They won't. I know because three years ago, that was me. Except I wasn't just scrolling Rightmove. I had spreadsheets. Systems. Alerts set up. I'd wake up at 6am to catch new listings before other investors. I called estate agents who never called back. I attended networking events full of people just as stuck as I was. I watched YouTube videos about "finding motivated sellers" that never told me where they actually were. Six months in, I had zero deals. Zero. But loads of knowledge. Loads of hope. Loads of "I'll figure it out eventually." Then one day an estate agent in Manchester literally laughed when I asked about motivated sellers. "Mate," he said, "everyone's motivated to get the best price." He wasn't wrong. If you're looking where everyone else looks, you'll find what everyone else finds. Here's what changed everything. I stopped looking where the crowd looked. Estate agents serve sellers who want MAXIMUM price. They create bidding wars. They drive prices up. That's their job. Motivated sellers don't call estate agents. They can't wait 6 months for viewings. They can't afford to renovate first. They don't want the hassle. They need their problem solved. Fast. Certain. Simple. The woman going through divorce who just wants the house gone. The bloke who inherited his mum's place and lives in Scotland. The landlord with a problem tenant who's had enough. These people value speed over maximum price. They exist everywhere. Every city. Every town. They just don't advertise on Rightmove.
1 like • 26d
Who the F@#k is Sarah. I read thru the copy 4 times, no example. 🤷‍♂️
Best auctioneering tap I’ve ever seen!!
Way to go @Sunny Sangster! You amaze me!! Anybody want to chime in on why this is sooo good? 👇
Best auctioneering tap I’ve ever seen!!
9 likes • 30d
Way to go @Sunny Sangster. There are so many compelling things contained in this short comment. What's important is the impact of this comment not just within the auction, but also in the wider community. While it does everything to drive the auction everyone else has mentioned, think about how comment readers will react after the auction is long over. Yes, the people who read this comment are more likely to continue to bid. Yes, Sean is more likely to defend his lead. But readers are also more likely to pay closer attention to Sean's comments in the group because he has been identified as a leader. With attention comes affinity and closer connections within the group. How many more people are liable to pay attention to what Sean does from now on inside the group? And when this auction is over, how many more people will notice the next auction Sean decides to bid in? As lucrative as the auction strategy is, what makes it evergreen is the engagement it creates within the group overall. Active groups, even small ones, will continue to draw bidders for auctions long into the future.
1 like • 29d
@Travis Sago Thanks.😀
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Mike Webster
5
277points to level up
@mike-webster-6112
You can find me most days on LinkedIn https://www.linkedin.com/in/mikesjwebster

Active 9h ago
Joined Jul 31, 2023
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