Why It’s Dangerous To Believe Big Talkers and 3 Ways To Spot Them
In my 20+ years of selling I’ve run across a lot of big talkers. I’m sure you have too. You know the type. They throw out big numbers, talk about how much they did in the past, and who they used to be. Matter of fact, when I hear someone who only talks about the past, it sets off a big a$$ red alert in my head.
When I was first coming up, I’d believe the big talking buffoons and get all excited. One time when I was flipping houses at 24 years old, I landed what I thought was a whale. This guy had all the connections, sh!t ton of money etc. I was young and it was my first run in with this type.
Anyways, the deal he had set up was way too good to be true and I believed it. Matter of fact I spent time picking out my new home and the Bentley coupe I was gonna buy cash with the proceeds. Then, when the smoke cleared and the buffoon did what he knew to do best, fold, my heart was broken.
I had all these dreams, ideas and ways I was going to spend that money to create a legacy. Now it had all gone down the drain. It was a rough day in Closerland then. It was also a good lesson learned. It was my first but wouldn’t be my last.
Flash forward a half a dozen years and I met this real estate agent. This person claimed to have sold 1000s of homes, had the referrals, knew the investors and had the means to do big deals quickly. This time the BS was buried deep and it wasn’t hard for me to find.
I did my part. I got the properties they wanted, had the loans set up right and builders under contract. Only to be left hanging because the buffoon agent didn’t have any buyers at all. He was just trying to work me to make his own introductions to people. I can’t believe they got me again…
These are only two of the thousand big number pitches I’ve heard that failed. Hell, just the other day I had a guy call me an a$$hole egomaniac and claim he had done $300 million in sales. As soon as I heard him throw out numbers I immediately knew he was full of sh!t. You’ve got to be on your A-game these days. Photoshop, paid for PR and the likes are helping fake a$$, big talkers get even more fake and big. The internet is a place where people love to brag about sh!t that never happened. If your BS radar isn’t turned up, you’ll fall again and again for big numbers that never existed.
No one likes to get burned. Here’s how to avoid the fire.
First off, rich people, rather, real people don’t talk numbers right up front. No one with any significant amount of money wants you to know their net worth. If you are in a conversation with a new person and they throw out big numbers in a bragging way, you can bet that 99% of the time it’s 100% BS.
I’m by no means super rich and I don’t even want my girlfriend to know how much cash I’ve made, let alone some random stranger. I struggle letting my accountant look at my numbers, let alone someone random. It was only after I made a little money that I figured this out. Mostly broke people brag about numbers.
Second thing you want to do is make sure they are talking in the present tense. Most big shots only talk about past accomplishments. When you hear someone repeatedly talking about what they did way back when and how that’s gonna apply to the situation you’re in, just know it’s not gonna work out.
Matter of fact, the more time between what they did in the past and the present date, the less likely they are to close any deals with you. If they are talking today’s numbers then you might have a shot but if they are talking about deals from the 90s, they need to face the fact that they were a one hit wonder.
The third way to deflect big talkers and get them to put up or shut up is to ask for proof. A week or so ago a dude told me he sold 100s of millions of dollars in sales. I asked him for proof and he sent me a one page, personal bio with his pic on it. I laughed so hard I almost sh!t my pants. Seriously, his proof wasn’t a check stub or a bank statement it was a word doc bio he wrote about himself. I’m still laughing now as I type this.