Anatomy of a "Guru"

Anatomy of a "Guru"

Real Estate Agent · Philadelphia, PA · Member since 2013 · 87 posts · 19 votes

I have been wholesaling since the beginning of the year, but I am still at the point where I have not closed a deal as yet, and looking forward to the day when I can write a post in the "Success stories" section of this site. With that said, this forum post isn't coming from a point of view of an experienced investor but I have seen a little bit of what this business has to offer via networking, etc.

Let me get to the point here... (and I would love to hear others chime in to help answer my question...)

My question is: What makes a guru a guru??

I have read a few posts on the blog and a couple of member blogs here and there and it seems like people say "a guru is someone that tries to upsell you"...

But doesn't anyone that's in the selling business (houses, shoes, cars, appliances, whatever) do that too? And if not an upsell, isn't there always going to be a low (or free), mid-level and high cost option of a product to make it available to everyone? And won't that higher cost option always come with better amenities than the others? I think of the example of a car company. Is not the Acura an upsell for a Honda? Or the Audi A8 and upsell from the Audi A4? From what I've read in some sources, an upsell is a marketing tactic to get people to go with your company. There's a guru that I hear speak sometimes that has a three-offer system and she states "They never think to not pick one of the three offers" and they sell.

And then I've read other peoples opinions state "a guru is someone that tries to sell you courses and bootcamps".

But there are people on here who do that and they wouldn't necessarily be considered "gurus"...

Is the simple fact that they are selling a course what makes them bad or is it the fact that their course is going for the infamous as @Joshua D. loves to say humorously " for only $997!!"? Or is someone that's selling a course for $97 a guru as well?

Others will say that a guru is someone who has coaching students and charging them hundreds of dollars per month. But there are lots and lots of people out here who have coaching students. What makes them any different than gurus? Is anyone that teaches people how to do something involving real estate a guru or does it have to be that more than 51% of their income is from selling?

Keep in mind that I am NOT guru friendly and have had my share of "cheap $997" courses and 2-day "all-inclusive" workshops that contained much less informational value than what could be found in a 2 hour search session here at BiggerPockets... So I am quite snake-oil saleman (or as my father would say "flim-flam artist") ADVERSE and wish I would have known about the real quality of this site back in January and I'm certain I would have closed a deal by now. But, on the other end of the spectrum, there were people in those guru coaching programs who are/were making money.

But hey, "you live and you learn, and then you get Luvs"...

If I would have never done those other things, I would have never learned about the REIA's or BiggerPockets, or at least not as soon. So it may be a zero-sum game when my investing career is over 100 years from now, but who knows...

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Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
12y

One difference might be that the car salesman will try to move you up to a car that runs, RE gurus try to charge more for more of the same that you can't drive in reality.

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  • Investor · Vincennes, IN · Member since 2013 · 223 posts · 108 votes
    12y

    That's actually kind of funny.

    I have a Ron LeGrand(guru of gurus) course from the 90's with some cassette tapes(I dont even have something to play them in anymore) called Selling From the Front of the Room. Basically, the concept is on how to be a guru.

    Interesting thing though, it is actually quite full of content.

  • Residential Real Estate Agent · Cookeville, TN · Member since 2013 · 1k+ posts · 948 votes
    12y

    With all that being said, I do know a couple of gurus who I think fairly highly of. They have actually done deals (and a LOT of them) and are still doing deals. And they are still teaching and coaching.

    Now, I've been at this game for a while and had some good success (and some failures). I think that I could legitimately mentor and/or coach someone (or multiple someones). I say that to give some background to what I am about to say next. As much success as I have had in this business, I can still see some value in some coaching for myself. Like they say, even Tiger Woods has a coach. And I know Pastors who have Pastors. And coaches who have coaches. Probably the only coach right now who doesn't have a coach is Nick Saban, and dude is making 7Mill a year. Every major corporation in America is run (at least theoretically) by a board of directors. The Bible teaches us that there is value and wisdom in many counselors (assuming that the counselors are themselves wise). I know how to buy houses cheaply, how to rehab, how to sell them, etc. But I'm trying to move my business to the next level. I have some decisions to make and I need to start out-sourcing and/or hiring some help. And I see the need for me to maybe get some coaching in this area. But I haven't found the right person for that yet.

    So, let's don't throw all gurus out with the bath-water. There's a place and a time.

  • Real Estate Agent · Philadelphia, PA · Member since 2013 · 87 posts · 19 votes
    12y

    @Bryan L. , that's a very, VERY good point you just made. And I agree with you that everyone can use a little mentoring at some point in their career, especially when they are trying to move up to the next level. As long as the less knowledgeable party isn't being severely taken advantage of then that's just fine when you put it into that perspective.

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