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April 8, 2009
Volume 10 - Number 14
Streamlining the Business of Commercial Real Estate
In This Issue
Stop SaaSing Me
Sales/Marketing Tip
Hot Deals/Leads
Featured Internet Site
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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.
Stop SaaSing Me 
Ok, first things first.  SaaS stands for Software-as-a-Service. Sure, most of you know that already but I learned a long time ago, even if I don't always manage to remember it, that using acronyms can be downright rude.  So in honor of my mother's 80th birthday this past week, I'm minding my P's and Q's, which I only recently learned means, mind your "pints" and "quarts".  (It seems barkeeps in England said this to patrons when they were getting a bit "rowdy").  So mind your P's and Q's is a nice way of saying, watch your manners. 
 
Now back to  SaaS...so let's give the tech industry a break...they just can't seem to say anything without talking the alphabet.  SaaS is software which you basically rent instead of buy.  It's delivered via the internet and overall,  makes great sense for everyone.  It has actually been most popular with small business because it allows for  maintenance, support, and operation of software to occur at an off-site network and saves a lot when it comes to buying and maintaining  hardware.  Many think it will become the dominant software model.  It seems to be growing at a rate of 20 percent per year.   
 
I think one of the coolest things about SaaS is that it allows people inside and outside your company to utilize the software because of the ability to really control security.  As a shameless plug, this is how we built our latest offering, YouConnect, which is used by banks and others with a high need for tight security, to track real estate assets and the vendors who provide services surrounding those assets.  My hair now has more gray than my mother's as she turned 80, after making it through the security requirements of some of  our banking customers, but it was worth it.  Data and security are very important considerations, as they should be. 
 
At the very least, being SaaSy...(ok, I'm taking this word play too far), should be able to streamline the everyday tasks of your business.  So, should you try it?  Yep, and start with the most popular application; payroll processing and some type of system for messaging and document sharing.  You really can save enough to get a competitive advantage.  Once you're comfortable with the benefits of using software as a service, look into integrating it with your other systems.  Why?  Because if you could track the number of times that the same information is re entered into your non-connected systems day in and day out, and convert that into the lost time for you and your employees, you'd say things that would cause my mom to say "don't be so Sassy AND mind you P's and Q's".   Sorry.
Sales/Marketing Tip
Da Vinci
Selling: art or science? It's a classic question. Let's put it to bed.

There is no doubt that there is a scientific component to selling. In the last twenty years a whole scientific field has arisen specifically to answer questions about how people go about deciding to buy things. This field is, of course, Behavioral Economics.

- In 2002 Daniel Kahneman got the Nobel Prize for economics for his work with Amos Tversky on the subjectivity and non-rationality of human purchasing behaviors.
 
- Robert Cialdini has demonstrated (among other things) that the order in which the salesperson presents options drastically affects the likelihood of making a sale.
 
- Dan Ariely has shown that humans share certain decision biases that can both be exploited by salespeople and are useful in estimating closing probabilities.
 
And the authors and results cited above represent just the tips of the science-of-sales iceberg. It's surprising that so few "professional" salespeople are aware of these and other results. It's crazy because it's so easy to increase the odds of getting the deal if you know just a little about decision biases.

And, amazingly, much of what passes for sales training is conducted by people who are clueless about the scientific foundations of the field. Walking to the library could cure their ignorance. Instead they're walking through fire.

But wait. Don't get all excited. Learn the science but don't trade in your suit for a lab coat before you read the rest of the story.

If you want to maximize your deals science is necessary but far from sufficient. People buy from people. The science won't matter if you can't get people to talk with you. To benefit from a scientific understanding of sales one has to be able to establish a certain level of rapport with one's prospect. And while some elements of rapport building can be learned, there is no doubt that some people are better at it than others.

We've all know salespeople who are just enjoyable to be around. We've all known people who have a knack for making other people feel comfortable in conversation. The reductionists in the crowd may say that even these skills are founded on learned behaviors that exploit human biases and thinking penchants. But few people can learn what my mother liked to call "the gift of gab" in any reasonably short amount of time. You either have it or you don't. Without it, it's unlikely that you'll make it to the top of the sales game. Face it. The best conversationalists are artists.

Science is about understanding how people think and then using this knowledge to say and do the right things at the right times.  Art is how you do what you do and how you say what you say.

There are many sales "artists" who could take their selling to a whole new level by learning the science. And there are just as many "scientists" who would do well to enter a profession other than sales. 
 
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

Casual Restaurant Concepts, Inc. trades as Applebee's at 100 locations throughout FL.  The casual dining restaurants occupy spaces of 5,000 sq.ft. in freestanding locations.  Growth opportunities are sought throughout the existing market during the coming 18 months.  A land area of 1.5 acres is required.  For more information, contact Steve Brown, Casual Restaurant Concepts, Inc., 205 South Hoover Boulevard, Suite 402, Tampa, FL 33609

Darden Restaurants, Inc. trades as Bahama Breeze at 23 locations nationwide.  The restaurants, offering Caribbean cuisine, occupy spaces of 8,000 sq.ft. to 8,600 sq.ft. in endcaps, freestanding locations and power and strip centers.  Plans call for one to two openings throughout major metropolitan markets nationwide during the coming 18 months.  For more information, contact John Doshna, Darden Restaurants, Inc., 5900 Lake Ellenor Drive, Orlando, FL 32809

Vocelli Pizza operates 148 locations throughout FL, MD, NC, OH, PA, VA, WV and Washington, DC.  The pizzerias occupy spaces of 1,200 sq.ft. in strip centers.  Plans call for 15 openings throughout the existing markets, excluding NC, during the coming 18 months.  Typical leases run five years with three, five-year options.  A vanilla shell is required.  Preferred cotenants include Blockbuster, Subway and drycleaners.  Preferred demographics include a population of 12,000 within three miles.  Major competitors include Domino's and Papa John's.  The company is franchising. For more information, contact Jack Sclabassi, Vocelli Pizza, 1005 South Bee Street, Pittsburgh, PA 15220

Super Valu, Inc. (Eastern Division) trades as Acme Markets at 130 locations throughout DE, MD, NJ and PA. The supermarkets, offering a full line of grocery items, occupy spaces of 20,000 sq.ft. to 70,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. Typical leases run 15 to 20 years. Preferred cotenants include department, discount, home and variety stores. For more information, contact Thomas Boyer, Super Valu, Inc. (Eastern Division), 75 Valley Stream Parkway, Malvern, PA 19355
 
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
FactCheck
Monitors the factual accuracy of what is said by major US political players in the form of TV ads, debates, speeches, interviews, and news releases.  www.factcheck.org
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