New RW Logo
 
April 1, 2009
Volume 10 - Number 13
Streamlining the Business of Commercial Real Estate
In This Issue
Did You Get My Fax?
Sales/Marketing Tip
Hot Deals/Leads
Featured Internet Site
Past Newsletters
Divider Line
Join Our Mailing List!
Divider Line
realwired! 
Products & Services
 
Ask about our latest offering,
 
The perfect system for banks to lower the cost of ordering appraisals, managing 3rd party service providers and managing problem real estate loans.
Divider Line
3 Reasons Why 
QuickConnect
QuickConnect+
ProjectWorkspaceCustom
 
Are you...
 
Tired of trying to email attachments and documents to clients just to get a "Delivery Failure" notice?
 
Paying overnight charges for large documents?
 
Ready to solve delivery delays and improve workflow and increase production?
 
We have the solution for you...QuickConnect!
Divider Line

No. 1 Selling Comp
Database Software
DC Live Demo Image
Divider Line

 

More than 5,000 of you love DataComp©.  Now be the first to have EDGE©...the appraisal report generating software.
 
Contact us for special Introductory Pricing!
Divider Line

For more information on realwired! Products and Services, please call (813) 349-2700 or email Sunda@realwired.com

TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring)BDH Photo
 
Top of the Week to You! is designed to offer the inside scoop and latest of what's important in the world of technology as it relates to the commercial real estate industry.
Did You Get My Fax?
We have a guest writer this week.  Thanks, Jeff! 
How many times do we hear about or read ideas that we know could be useful, tell ourselves we'll implement something and then blow it off.   The problem is many tips are tiny and incremental.  Nonetheless, collectively they ultimately add up to some serious production increases and hopefully $$$.
 
So, do you still have an old school fax machine?  It's not a bad thing, but you probably still have to order toner, check logs to  be sure if your fax actually went through, wonder if you got the incoming faxes you should, particularly if other people in your office use the machine, and many times have to call people to re-fax pages that come out blurry.
 
A better way is to send and receive faxes from your PC.  While you could also use a web-based eFax service, faxing from your PC is easy to set up and use.  You can create a company fax letterhead so your office has professional uniformity and branding on outbound faxes.
 
You can also put a modem, you remember those don't you, on your Small Business server (a fax server) and collectively your office can send and receive faxes.  If you have Exchange Server, your inbound faxes appear as an e-mail image attachment (such as a .tif file).  You can either print the fax, save it or forward the fax via email.  Outbound faxes can be confirmed via an e-mail to yourself that they actually were sent... nice touch.  Faxing from your PC does have some drawbacks, such as Sarbanes-Oxley and HIPAA regulations that mandate that unencrypted documents can't be sent over the Internet.  On the other hand, the growing acceptance of digital signatures further promotes direct faxing from your PC and, in the process, saves a tree or two.
 
While my tip might not be worthy of an entire article for today's newsletter, this article may have more value when I tell you it was created (dictated) in five minutes with Dragon Naturally Speaking v9.10.0, a voice recognition software.  I've been watching and testing voice recognition software for years and it's finally ready for easy, everyday use.  Make sure it gets set up right and note, the devil is in the details.  Specifically, I figured out that Dragon works much better if you dictate directly into Notepad (then cut and paste) rather than directly into documents such as Word or Outlook.
 
Jeff Hicks
President, The Dohring Group
Sales/Marketing Tip
So, You Opened a Nonprofit
Have you ever gone out of your way to explain to a prospect exactly what you would do for them if you got their account? You might have created for them a detailed proposal. Maybe you gave them pricing. Perhaps you even provided them with a sample of your work. And then they disappeared. They stopped returning your calls. Later you discovered that they ended up using another vendor or even did the work themselves.
 
Congratulations. On your own you've discovered: Unpaid Consulting. Why congratulations: Because many salespeople never figure this out. They spend their careers doing work for free thinking that prospects will be appropriately appreciative of their efforts and give them the business. The prospects do, of course, "give them the business", just not in the way that the salesperson had in mind.

The problem is an especially expensive one if you're selling intellectual property. In that case you're not only working for free, you're actually giving the product itself away. Many people literally go out of business before they discover that doing unpaid consulting is no way to sell.

It's tempting to put the blame on the prospect. While some of them may actually be trying to cheat you, most are not. They're simply responding to cues that you are giving them and taking you up on offers that you're making.

It's very easy to get enthusiastic about a project, especially if you have a creative mind. It's easy to believe that once you demonstrate that you have great ideas that the prospect will see the value of your work and you'll get the project. Before you know it you're talking way too much about the product and discovering way too little about the prospect and the real factors that will drive a business deal. People who educated about marketing are especially vulnerable to this because they are trained to communicate to large audiences in a one-way format. The problem is that sales are made to very small audiences (often only one person) in a highly interactive two-way format in real time. Marketing is about presentation. Selling is about conversation. And the rules of sales conversation are very different than the rules about marketing presentation. In the sales game your natural instincts may lead you down the wrong path.

The solution lies in learning how individual purchasing decisions are made and crafting your conversation in conformity with those principles. You'll have to discover the prospect's real motives for doing business. You'll have to get them to tell you what they'd be willing and able to invest. You'll have to discover how they'll go about making up their mind. And you'll have to do all of this before you talk very much about how you'll actually do the project. Indeed, you'll usually have to get some sort of check before you share your ideas.

It's easy to see that selling involves much more listening than it does talking. The skills that great salespeople have are those that they use to get the prospect to do most of the talking. And we're not content with just talk either. What we're after is talk about the specific parameters about business deals outlined above. This is a very useful skill set, indeed. Anyone who was willing to do the work could acquire it. It takes some effort, sacrifice and investment.

Which is peanuts compared to the frustration and expense of unpaid consulting. 
 
Mark Fitzgerald, Sales Training Institute, Inc., Tampa, Florida provides this column weekly.  Mr. Fitzgerald provides both group and customized sales training for professionals and companies.  For more information, please contact him by telephone at 813-831-5555, via email at mark@saleskills.com or visit www.saleskills.com.
Hot Deals/Leads

Max Burgers operates three locations throughout Fairfield, CT and Manhattan, NY.  The restaurants occupy spaces of 2,000 sq.ft. to 3,000 sq.ft. in freestanding locations, endcaps, inline spaces and regional malls.  Growth opportunities are sought throughout Fairfield, CT and Westchester, NY during the coming 18 months, with representation by Great American Brokerage.  For more information, contact Paul Fetscher, Great American
Brokerage, 100 West Park Avenue, Suite 309, Long Beach, NY 11561

Jerry's Systems, Inc. trades as Jerry's Subs & Pizza at 100 locations throughout DE, MD, PA and VA.  The sandwich shops occupy spaces of 1,500 sq.ft.  to 2,500 sq.ft. in strip centers.  Growth opportunities are sought throughout MD, VA and Washington, DC during the coming 18 months. Typical leases run 10 years with two, five-year options.  A vanilla shell and specific improvements are required.  Preferred cotenants include Blockbuster Video, Giant, Home Depot and Safeway.  The company is franchising.For more information, contact Jay Ryan, Jerry's Systems, Inc., 15942 Shady Grove Road, Gaithersburg, MD 20877-1315

Blimpie of Long Island trades as Blimpie at 25 locations throughout Long Island, NY.  The sandwich shops, offering sub and panini sandwiches, occupy spaces of 1,200 sq.ft. to 1,500 sq.ft. in freestanding locations and strip centers.  Growth opportunities are sought throughout the existing market during the coming 18 months.  Typical leases run 10 years with options.  A vanilla shell is required.  Preferred demographics include a population of 30,000 within two miles.  Major competitors include Subway and Quiznos.  The company is franchising.  For more information, contact Patrick Conlin, Blimpie of Long Island, PO Box 651, East Meadow, NY 11554

Bok Bok Fresh operates two locations throughout NJ.  The restaurants, offering a variety of natural and health foods, occupy spaces of 2,200 sq.ft. in endcaps and freestanding locations with a drive-thru.  Growth opportunities are sought throughout NJ and PA during the coming 18 months, with representation by Legend Properties, Inc.  The company prefers to locate in areas with a strong daytime population.  For more information, contact Steven Depetris, Legend Properties, Inc., 20000 Horizon Way, Suite 280, Mount Laurel, NJ 08054

Checkers operates 800 locations nationwide.  The fast food restaurants occupy spaces of 1,150 sq.ft. in pad sites with a drive-thru.  Growth opportunities are sought throughout NJ and PA during the coming 18 months, with representation by Legend Properties, Inc.  The company prefers to locate in areas with strong visibility, access and parking. A land area of 20,000 sq.ft. is required. For more information, contact Steven Depetris, Legend Properties, Inc., 20000 Horizon Way, Suite 280, Mount Laurel, NJ 08054
 
Like these leads?  Want more?  Go to the Dealmakers website for a FREE Trial subscription to The Dealmakers, the nation's weekly news source on retail real estate.
Featured Internet Site of the Week
TechWeb
Network of business-related IT news and product review sites.  www.techweb.com
Past Newsletters