7 Practical Tips For Doctors To Expand Your Network - Passive Income MD
7 Practical Tips For Doctors To Expand Their Network

7 Practical Tips For Doctors To Expand Your Network

June 22, 2023 • 7 Min Read

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Achieving true wealth requires patience, dedication, hard work, and the determination by doctors to expand their network to increase their net-worth to achieve financial independence. Given the ever-increasing demands doctors face as they balance the care of their patients and administrative work, investing in yourself is often missed. One of the best ways to continue investing in yourself is by growing your network. You can do this by attending specialized, curated conferences like PIMDCON.

Attending quality curated conferences can help you stay on top of your game. Putting yourself in the same room as like-minded professionals will challenge, inspire, and give you the roadmap you need to take your next best steps for passive income investing.

While some networking opportunities can feel crowded and impersonal. Attending a good conference will more often than not feel like an extended version of happy hour with all your favorite industry influencers and experts. 

But, as with any networking opportunity, you must be intentional about building relationships. After all, according to Tim Sanders, the New York Times bestseller and former Yahoo! executive: “Your network is your net worth.”

What’s in it for you?

Doctors Can Expand Your Network You Can Learn From Industry Leaders

As a physician, you know the value gained from actively seeking out specialist conferences and other networking opportunities. It's a fantastic opportunity for you to learn proven strategies and techniques from industry experts and allow you to build positive habits and generate new ideas throughout the sessions.

At our In-Person and Virtual Conferences, we develop a speaker line-up based on the vast range of knowledge and experience they bring to the event. Whether they are talking about their experiences of raising capital through syndicates, discussing mindset tips, or exploring other streams of income, these experts aim to equip you with actionable insights on what you need for your passive income journey…many carry the perspective of a fellow medical professional. 

Expand Your Network With Others Pursuing Similar Goals, Will Accelerate Yours

Another key benefit of attending conferences is meeting and expanding your network with other doctors and high-income professionals who share your passion for passive income investing and have similar goals and aspirations toward their own financial independence.

As you get to know the other attendees throughout the conference, you'll ask them about their experiences with the investment techniques discussed. You can also get informal advice on how to improve your own skills. Sometimes I learn the most from a single conversation with a new acquaintance. These conversations have happened again and again over lunch breaks, seemingly at random.

Over the years, I've seen that our attendees are also often experts in their fields, and they are usually more than happy to share their knowledge with you. They've been where you've been, and they're going where you're going. Their advice could be exactly what will accelerate you to the next level

Expand The Power Of Your Personal Network

When you expand your circle with other high achievers, you also set yourself up for success. Tony Robbins says that “the quality of a person's life is most often a direct reflection of the expectations of their peer group.” 

So, by building your network of like-minded individuals, you can learn from the best through open discussions where you can share successes and failures. After a conference, you should head home refreshed and full of inspiration and new ideas!

7 Practical Tips For Doctors To Expand Your Network

At the conference, your goal should be to meet as many people as possible. This may sound daunting, but with a bit of strategy and confidence, you can do this while keeping your energy high.

Click here to learn more about The Physician Real Estate & Entrepreneurship conference And Expand Your Network

1. Nice To Meet You

When you meet someone new, your goal should be to leave the conversation with their name, details, and one specific thing you can help them with. Make sure you bring enough business cards with you! Or, if you're attending virtually, make sure you have all your contact details on hand to share easily.

2. Greet Your Neighbor

When you're at a table or in a small group setting, your approach to networking should be the same as at a dinner table with friends: make the conversation about them. Ask your neighbor about their background, interests, and what brought them to the conference. This will help you connect and leave them with the impression that you're genuinely interested in their story.

3. Take Advantage Of Your VIP Pass

At conferences, you want to be deliberate about how you use your time. If you've purchased a VIP package or a ticket that gives you direct access to the speakers and event sponsors, do your research beforehand so you can spend your time efficiently, have a few questions in mind, and make the most of your conference experience.

4. Virtual Network

Join the conversation on the conference's private Facebook group or App. Post your thoughts on presentations, screen grab, share highlights, or ask questions. Contribute your expertise to help others leverage their goals or answer their questions. Besides posting comments… take part during live presentations with comments, emojis, speaker quotes you loved, and how that session inspired you. Of course… follow up with your new connections and build out your net worth (see #7 below)

5. Take Note

Other tips to help you use your time as efficiently as possible include bringing a notebook (physical or digital) to jot down key points made during the sessions. This can be particularly helpful if you use your notes to break into conversations with people you want to talk to.

6. Doctors Expand Your Network and Net-Worth

By meeting people outside your sphere of influence and developing relationships… friendships will undoubtedly expand your net worth. Even in networking, all relationships are built upon trust; you have to be willing to offer something of value, expecting anything in return. Perhaps you become what Malcolm Gladwell calls the “connector,” where you help one person connect to another. You could offer advice, an article, an idea, or even time to listen and help others process their thoughts. By living generously, you will expand your net worth.

7. Nurture The Network

Reach out regularly to everyone in your network. Follow up following the conference with a personalized text greeting, thank you, and quick conversation. Occasionally, check in on each other, and thank those people for what they did for you in the past. A simple “How are you doing?” text goes a long way in nurturing your network.

The key takeaways to help Doctors expand their network…

There’s no doubt that attending conferences is a big undertaking. Still, if you're keen on developing yourself as an investor and growing your income outside your busy medical practice, it's necessary.

Start by setting aside a small amount of time each month to identify your growth goals and create a timeline with action steps to help you achieve those goals. Attending conferences and events can be a transformative experience with a bit of preparation.

To network with like-minded physicians and high-income professionals who can help you grow your passive income, join us at the next PIMDCON. This annual event will give you the opportunity to meet other successful investors and Physician entrepreneurs who are further ahead on their passive income journey, as well as those who have just started theirs. 

Disclaimer: The topic presented in this article is provided as general information and for educational purposes. It is not a substitute for professional advice. Accordingly, before taking action, consult with your team of professionals.

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