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March 17, 2010 
Volume 12 - Number 11
Streamlining the Business of Commercial Real Estate
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In This Issue
Don't Hate Me Because I'm Enthusiastic
Sales/Marketing Tip
Hot Deals/Leads
Featured Internet Site
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TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)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.
Don't Hate Me Because I'm Enthusiastic
Don't hate me because I'm busy and certainly don't hate me because I'm not distraught about the economy...I'm actually enthusiastic.  Of course I wish things were better for everyone.  I wish that our industry didn't have so many that are out of work.  I helped create an organization that I've talked to you about before called Real Estate Lives.  This volunteer based start up organization helped put almost 200 people back to work over the past 12 to 18 months.

So nothing going on in our industry leaves me feeling depressed.  Rather, I'm really enthusiastic because like many of you who read this, I have the privilege of owning a diversified commercial real estate practice, which makes up the backbone of the economy.  And so do you.  I know many of you are really busy.  Busy entrepreneurs doing what you do best, which is making things happen.  Lucky for us that in the 21st Century, entrepreneurship is not only in vogue, it's the solution to bring us out of this most recent economic downturn.  And oh by the way, don't forget in the early 1980s, things were a whole lot worse in our industry as well as across the country.  Think back.  Not only did we have 12% to 14% unemployment, we had runaway inflation.  Aren't we lucky today?  See what I mean, I just can't help but look at things in a positive light.

So what happened back in the 80's?  Small business led the way out of the downturn and started what I like to refer to as a power shift from institutional reliance to individual reliance.  The generation behind many of you, who like me are in our "middle years", are not so enamored with big anymore. They don't have any "baggage" that small isn't cool.  But take a lesson from them.

Today, the technologies that we have and those that are continuing to emerge will allow entrepreneurs to lead rather than follow.  Individuals have more clout than ever before.  And they have the power to influence large organizations, as opposed to the past where it was the large organizations that everyone looked up to.  That's just another reason to be incredibly enthusiastic.  That's enough to keep a smile on anyone's face.

So when people say, "What's the matter with you, why are you so positive?  Don't you know the commercial real estate industry is doing horribly?" just answer by telling them, and hopefully showing them, there's opportunity everywhere.  No really.  Everywhere.  So don't hate me or anyone else for being enthusiastic.  Join me.  Your enthusiasm is infectious.  The fact that you're busy and having success because you have a good attitude combined with maximizing the processes and technologies that you have at your disposal, will ensure that these are going to be some of your best years.  You have an obligation to be the example that lifts everybody's spirits.  If you have an extra couple of minutes take a look at Entreprenuers.  I think you'll enjoy it.


Remember, if you want to share some of your thoughts, it's easier now because we have a blogging component to RealWired! News.

Sales/Marketing Tip
Start Me Up
Winston Churchill once said, "Success is going from failure to failure without losing enthusiasm."  He would have made a great salesperson. After all, isn't that the essence of the sales profession? We call an endless list of prospects and very few of them want to speak with us. We network feverishly, yet meet precious few of the people we meet possess an inclination to buy what we sell and most are not in a position to do so anyway. And it is our fate we repeat these experiences day in and day out until we leave the profession. Failure is far more common than success; indeed, failure to achieve the desired results is the norm, not the exception. Of course, only salespeople who are willing to put up with this end up being successful. The others quickly tire of failure and get non-sales jobs. They literally fail at failing.

Are we, then, to conclude that great salespeople enjoy failing? Maybe somewhere there's such a person. But I've worked with thousands of very accomplished salespeople and I've yet to meet one that wasn't passionate about winning every deal that they possibly could. In fact, it may well be that the most successful hunter/closers actually dislike failure more than most people do. Not getting the result they seek just causes them to look harder for success. Further, I can tell you that the mechanism that keeps them going is not exactly what you might think it is. There is nuance to the phenomenon that would not be apparent to the casual observer.

My profession as a sales trainer/consultant/coach has afforded me the opportunity to have countless in-depth conversations with thousands of overachieving salespeople. I can tell you with absolute assurance that they are not the iron men and women that they may appear to be. Even the best of salespeople suffer from doubt and uncertainty. Many, on a fairly regular basis, consider quitting the profession. They do so in spite of the fact that the monetary rewards of selling are considerable. It's hard, damn hard, to face rejection every day. It's rough, real rough, to never know for sure whether or not you'll get paid until the commission check is actually in the bank. Sometimes earning a wage by punching a time clock seems pretty appealing. Still, many of us stay in the trade. Quite a few of us get rich.

It turns out that there's a secret. It's a secret that every military interrogation expert knows well. The threat of pain is more painful than the torture itself. People quickly adjust to, and learn to accept physical pain once it is inflicted on them. The threat of pain gives the interrogator leverage. The pain itself gives the prisoner release.

My guess is that right now you know exactly what to do to have a highly productive sales day. Some will chose to act on this knowledge in spite of any fear that they may feel. Three or four calls into their prospecting activity they'll forget all about whatever it was that was holding them back. They'll once again discover the simple fact that most of what salespeople do is an exciting adventure. That there isn't nearly as much rejection as they feared there would be and that it's not so painful anyway. They'll reaffirm that while prospects are seldom totally honest, they're almost always nice. Those who come out on top of the sales game know the secret. It's easy to finish. The trick is getting started.


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© Copyright Mark Fitzgerald, 2009, All Rights Reserved.
Hot Deals/Leads
A.M.B. International trades as Claire Murray at 15 locations throughout FL, MA, MD, ME, RI, SC and VT. The stores, offering rugs and home accessories, occupy spaces of 2,000 sq.ft. in endcap spaces in specialty centers, as well as freestanding locations. Growth opportunities are sought throughout the southern U.S. during the coming 18 months.  For more information, contact Garrett Ames, A.M.B. International, PO Box 390, Ascutney, VT 05030; Web site: www.clairemurray.com.

General Paint Corp. trades as General Paint at 80 locations throughout Canada. The paint stores occupy spaces of 4,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout Ontario, Canada during the coming 18 months. Typical leases run five years with one, five-year option. Preferred demographics include a population of 100,000 within a five-mile radius.  For more information, contact Philip Jewell, General Paint Corp., 950 Raymur Avenue, Vancouver, British Columbia, Canada, V6A 3L5; Web site: www.generalpaint.com

Tuesday Morning, Inc. trades as Tuesday Morning at 854 locations nationwide. The stores, offering rugs, lamps, books, luggage, china, toys, bed and bath accessories, holiday decorations and accessories, garden accessories, stationery, women's accessories, dinnerware and fine art and frames, occupy spaces of 8,000 sq.ft. in entertainment, lifestyle, power, strip, tourist and value centers, malls, freestanding locations and urban/downtown locations. Growth opportunities are sought throughout the existing market during the coming 18 months. Typical leases run five years with two, five-year options. A vanilla shell is required. Preferred demographics include a population of 100,000 within a five-mile radius.  For more information, contact Melissa Dean, Tuesday Morning, Inc., 6250 LBJ Freeway, Dallas, TX 75240; Web site: www.tuesdaymorning.com

Retail Brand Alliance, Inc. trades as Brooks Brothers and Brooks Brothers Factory Stores at 200 locations nationwide.  The men's apparel stores occupy spaces of 2,500 sq.ft. to 9,000 sq.ft. in lifestyle centers, malls and downtown areas.  Growth opportunities are sought nationwide during the coming 18 months.  The company prefers to locate in affluent markets.
For more information, contact Sue Ayers, Retail Brand Alliance, Inc., 100 Phoenix Avenue, Enfield, CT 06082

Finish Line trades as Man Alive at 90 locations throughout AL, FL, GA, IL, IN, KY, LA, MD, MI, MO, MS, NC, OH, OK, PA, SC, TN, TX and VA.  The stores, men's and women's offering streetwear and accessories, occupy spaces of 2,500 sq.ft. to 3,000 sq.ft. in malls.  Growth opportunities are sought throughout the existing markets during the coming 18 months.  For more information, contact Chad Edmundson, Finish Line, 3308 North Mitthoeffer Road, Indianapolis, IN 46235; Web site: www.manalive.com.

Chicago Franchise Systems, Inc. trades as Al's Italian Beef and Nancy's Pizzeria at 62 locations throughout GA, IL and IN.  The restaurants occupy spaces of 1,200 sq.ft. to 6,000 sq.ft. in freestanding locations and strip centers.  Growth opportunities are sought throughout AZ, CA, FL, GA, IA, IL, IN, MI, OH and WI during the coming 18 months.  Typical leases run 10 years with two, five-year options.  For more information, contact Eileen Holly, Chicago Franchise Systems, Inc., 8200 185th Street, Suite J, Tinley Park, IL 60487; Web site: www.nancyspizza.com

Like these leads?  Want more?  Go to the Dealmakers website for a Free Subscription.  The Dealmakers, the nation's weekly news source on retail real estate.
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