Sunday, April 27, 2008

Building an Amazing Dream Team - A Model

I just read a post on our blog by Brian about ways to improve how we handle building your dream team in the on-line investing game we have and I wanted to comment on some of the interesting points he brought up.

First, to recap, he is right when he talks about our currently system. In the current game, you decide what you want to do with each turn, which represents a week of real time. So, if you wanted to find a better real estate agent to help you find houses, you could decide to take a turn to do that. Doing that would improve the rating of your in-game real estate agent and give you some added bonuses like the ability to see more houses each turn you search for houses and a slightly better chance of getting offers accepted.

What Brian has suggested is the concept of being able to leverage your time by doing something that improves more than one of your Dream Team members at the same time.

An example, he proposes, is to attend a real estate investor club meeting and that might improve a real estate agent, mortgage broker and mentor rating (or something to that effect).

First, I like the idea, but I do have some concerns.

My initial concern is that we don't want to clutter the game with too many options at first. The saying that comes to mind is "a confused mind says no" and that given too many choices in the game, players might just opt not to do anything at all.

What I could see doing is to open up these options as the game is played. For example, once you get above a certain rating for your real estate agent, mortgage broker and/or mentor (or maybe a combination of all three), you get a new option which allows you to attend the meetings.

My second concern is to balance the improvement rate. Why would someone work solely on a real estate agent if they could get the same improvement on three dream team members by attending a meeting? So, maybe it does improve all three but one-third as much as if you just worked on one to keep the balance of growth there.

Other than those two concerns I think the idea is a great one and one that will significantly improve the Learn To Be Rich game experience.

As an aside, I do have in my "idea notebook" the concept of key Dream Team members actually spontaneously improving another Dream Team member. The real world equivalent is having someone you know, like your real estate agent, introduce you to someone else they know, like a great accountant, that might be a better fit than the current accountant you are working with.

James Orr is a professional real estate investor, marketing expert and founder of the LearnToBeRich.com on-line investment game.

You can get a free real 3BFestate course and fully analyzed real estate deals and his blog by e-mailing him at freerecourse@learntoberich.com or visit the Learn To Be Rich Blog for more great articles and information.

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