Propertytalk.com members have come up with these guidelines. This way you should get the maximum benefit from attending any seminar.
So what are important guidelines one should follow when thinking of attending a seminar?
1. Be aware of the free or low priced seminar. Attend with an open mind. Usually these are just a teaser for a more expensive product or event. The presenter gets you into a state of mind (NLP) at the end and you are encouraged to purchase an expensive item you may not normally do so.
2. Ensure if you do sign up for anything they have a quality cooling down period should you change your mind in the days to follow. In some countries law states that these are compulsory now.
3. Research the company and presenter or get independent advice before attending. This is where PropertyTalk Forums are good.
4. Do they offer money back guarantees that are realistic? Check the fine print and requirements on the guarantee. Some have specific guidelines you have to follow before you are eligible for a refund. The majority of people may fall outside these and simply may not be able to get a refund should they have a problem at a later date.
5. Find someone who has been to the seminar previously and establish that you will learn the stuff you want to learn.
6. Make a promise to yourself that you will not commit to purchasing an OTP (off the plan) property at a Seminar – unless you have prior experience in property investment and know the local investment market of the development including location etc. And with the ‘prior experience’ when committing to a S&P Agreement put in lots of special conditions to give yourself enough opt-out clauses should your due diligence prove the property is a lemon.
7. Review your seminar notes. Clarify anything you don’t understand. Start plugging any knowledge gaps that the seminar may have uncovered.
8. Do they allow you to re-attend at a later date for free or at a heavily reduced price, If it is a high end presentation? Some information packed presentations are often intense on the brain. This will allow you time to go over and digest the information for several months. Then put the process into practice and Re-attend. You will always pick up different things the second time around having been in the market place and done it.
9. Are you prepared to take action after the seminar? Perhaps a little self analysis as well if this is your fourth or even tenth seminar on property investing and you haven’t bought a property, perhaps a self development course is needed instead, to identify and help remove the barriers preventing action.
10.Prepare for the seminar, i.e., read a book by the main presenter or watch DVD or read postings/articles. This will enable you to hit the ground running. You’ll then know the style of the presenter, and, instead of being overwhelmed by a flood of information, you’ll be able to pick out what you want and what is new.
11.Is the $3995.00 + GST seminar purely a live presentation of the presenter’s $39.95 book? Would you be better off investing in $3995.00 + GST of investment/personal development books & CD’s/DVD’s of the live events?
12.Make a list of questions that you need answers to. Ask yourself: ‘What am I unsure of?’ and ‘What pieces of information do I need to be able to take action after the seminar?’
13.Take action! You can have all the knowledge in the world but you’ll never retire without ACTION. If you attend seminars and read without putting what you learn into action you are no better off than the person who hopes to retire by buying a weekly lotto ticket.
14.When doing your research ensure that the systems taught they actually use themselves. What I mean is: *Have they been actively using these techniques? Not just a couple of times. This will show it is a proven system. *In NZ or an appropriate market to which you will use it? No point learning a system which is not appropriate or proven for your country or position in the property cycle. Eg rule 6. OTP buildings are appropriate in the property cycle for booms and not leading into a slump. If a person has a “track record,” and is doing or has done what they’re counselling others to do, then that’s a good sign to look for when choosing a seminar, confidant or mentor. Quote from Perry “It’s the difference between speaking from experience and speaking about experience – usually others.” Always reminds me of ye olde spoof: Why don’t you take my advice? I’m not using it!
15.Is it purely an educational event or more of a networking day/weekend for the presenter and his associates? Will the line up of lawyer, accountant, valuer, property manager, lender, insurance broker & development specialist really add value to your education or are they really there to act as fillers for the two day weekend? Is each of these speakers well known practitioners or purely part of the travelling road show?
List Compiled by Whittaker Hamilton