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April 7, 2010 
Volume 12 - Number 14
Streamlining the Business of Commercial Real Estate
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In This Issue
If It's Broken, Fix It
Sales/Marketing Tip
Hot Deals/Leads
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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.
If It's Broken, Fix It
As a small company, we look at every opportunity to keep expenses down and quality up.  So one of our mottos is ..."If it's Broken, Fix it."  That goes for processes that no longer work, equipment that isn't working the way it should, people that don't fit our company culture, (really), clients that don't make us money, et al.  Along with that mentality is the philosophy that we give things time to be sure they are really "broke" and cannot benefit from a "fix", and then quickly find the right replacement.  Sounds just how you do things too, right?  Of course it is, but here's where you and I probably fall short...the "quickly find a repacement" part.  Why?  Because when we do a replacement, we sometimes spend too much time trying to get the "perfect" replacement when we need to get a good replacement and move on.  Now I will tell you this plan of action works well even on the people part, if you keep the focus to what I identified above....company culture.  Cultures are fairly easy to recognize and very, very difficult to change.

So how about the other stuff?  The processes, equipment, software, hardware "stuff".  Once you determine it's broke, fix it and move on quickly.  Don't fall in the trap of either researching things to death (analysis paralysis) or delaying doing something because the available solutions don't match your exact specifications.  Let me tell you a secret you already know....nothing you pick is going to be perfect.

This whole topic came to me this week because we are getting new mobile PDA's for some of our associates in the office, including me.  We have a rule that whenever possible we all have the same devices, which cuts our support costs and just makes things easier...example..."Hey, do you have a charger I can borrow?" gets a positive answer.  So here's how it went.  Someone in our office, known for their high attention to detail and love for all things technical, got input from the potential users of the PDAs.  Aforementioned detail-loving techno-wizard did research highlighting the most desirerous features to our users and matching that with the applicable service providers' plans and POOF! the selection was made.

I may as well tell you what we decided upon in case you have interest...but please know it is not an "endorsement".  We selected the HTC Touch Pro 2.  Here is a big part of why we made this decision.  Just like our business culture that centers around people, not processes and tools, (even though we obviously pride ourselves on the latter) the HTC Touch Pro 2 was designed with the philosophy that people should be at the center of the communications experience.  This is a fact sometimes lost on devices that focus on features and specifications.  One really cool thing is a 3.6-inch screen that can be tilted up for a better viewing experience and a touch screen or a slide-out QWERTY keyboard.  Of course you get the ability to have corporate and private e-mail, as well as calendar and contact information, a 3.2 megapixel camera, built-in GPS, international roaming and an SD expansion slot.

In the end, we have to ask ourselves why is there ever an issue about fixing what's broke?  It is because we get hung up on decisions for fear of making mistakes.  So, reminder to self and to you...Get over it.  If it's broken, fix it "good enough" and move on with confidence that there will always be something else broke you can work on!


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
The Enemy Within
"Why can't I hire great salespeople?" It's a common whine. The fact is: sales is a hard career. If that wasn't true, we wouldn't be willing to pay successful salespeople as much as we do. Most people who take the sales job just aren't going to sell that much, if anything. Nothing in business is more expensive than hiring salespeople who don't succeed. It is possible to screen out most of those destined for failure before you hire them. It is possible to raise the game of many of the salespeople whom you already have if you know how to identify and fix the real problems. Unfortunately, most business owners have neither the patience to do the former nor the expertise to do the latter. They could solve the problem, but they won't. For their sloth, they pay a high price.
 
So why don't most salespeople sell more than they do?
The late, great comic-strip character, Pogo once said, "We have met the enemy and he is us."
 
Many of us act a certain way when we are shopping and then are disappointed when our prospect exhibits the same behavior when it's we who are doing the selling.  We'd like our prospective clients to purchase our services quickly and easily.  However, in many cases, we ourselves exhibit buying traits that would make us cringe if we had to sell something to ourselves.
 
The problem is that our own negative buying behaviors may make us ineffective in our sales calls.  It's the (often) sad truth that if you exhibit a particular behavior, you may be more willing to accept that behavior from a prospective client.  If you can correct these personal behaviors, you will be much better at recognizing and overcoming these issues with your prospective clients.
 
There are four main behavioral traits that will negatively affect how you sell:
 
(1) Non-supportive buying cycle: Are you a big comparison shopper?  If you are, then you will probably be very accommodating to your prospects that shop that way as well.  This can result in a very long sales cycle. You'll have to correct this problem in yourself before you can learn to recognize and overcome it in your sales prospects.  Solving this problem can help you to be up to 50% more effective in your closing.
 
(2) Need for approval: Are you discouraged if people don't respond positively to your sales efforts?  Remember that you are selling a product or service, not a personal relationship.  A person doesn't have to be your best friend to purchase from you. They only have to like you enough to do business with you.  Correcting this problem can help you to be up to 35% more effective in your selling.
 
(3) Emotional involvement: Do you talk more than you listen?  When you are listening, do you often think about what you are going to say next?  If so, then you're listening to yourself and not to your prospect. Try to make it a habit to listen only to the prospect, not yourself.  Overcoming this problem will add up to 30% to your sales success.
 
(4) Money intolerance: Do you have a hard time talking to your prospects about money issues?  You must be brave enough to talk money any time it is necessary (pre-qualification, negotiation, etc.).  Remember that it is more about their money and needs than it is about your prices.  Solving this problem can add up to a 25% increase in sales success.
 
Most salespeople have one or more of these weaknesses. That's great news because in some (but not all) cases it's possible to identify and change these self-defeating beliefs. Do so early and you can avoid some very expensive bad hires. Help your existing people change what needs to be changed and you'll convert your sales training dollars from an expense to an investment.


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
Furniture Outlets USA operates under various trade names at 28 locations throughout IA, MN, ND and SD.  The home furnishings stores occupy spaces of 35,000 sq.ft. to 160,000 sq.ft. in freestanding locations and outlet and strip centers.  Growth opportunities are sought throughout MN, ND and SD during the coming 18 months.  Typical leases run five or 10 years with options.  The company prefers to acquire sites.  For more information, contact Bill Hinks, Furniture Outlets USA, 140 East Hinks Lane, Sioux Falls, SD 57104

Mamma Ilardo's Corp. trades as Mamma Ilardo's Pizzeria at 27 locations throughout CA, MD, NV, NY, OH, VA and Washington, DC.  The pizzerias, offering calzones, salads and pastas, occupy spaces of 400 sq.ft. to 1,900 sq.ft. in malls and entertainment, lifestyle, outlet and tourist centers, in addition to urban/downtown areas.  Growth opportunities are sought throughout the existing markets during the coming 18 months.  Typical leases run 10 years.  Specific improvements are required. The company is franchising. For more information, contact Harry Ilardo, Mamma Ilardo's Corp., 28 Allegheny Avenue, Suite 1207, Towson, MD 212

Marco's Franchising, LLC trades as Marco's Pizza at 178 locations throughout AL, AZ, FL, GA, IA, IN, MI, NC, OH, OK, TN, VA and WI.  The pizzerias occupy spaces of 1,200 sq.ft. to 1,400 sq.ft. in strip centers.  Growth opportunities are sought throughout the existing markets during the coming 18 months.  Typical leases run 10 years with a 10-year option.  A vanilla shell is required.  Preferred demographics include a population of 15,000 within two miles earning $65,000 to $85,000 as the average household income.  Major competitors include Domino's Pizza, Papa John's and Pizza Hut.  The company is franchising.For more information, contact Bryon Stephens, Marco's Franchising, LLC, 5252 Monroe Street, Toledo, OH 43623; Web site: www.marcos.com.

Piggly Wiggly Mid-West trades as Piggly Wiggly at 96 locations throughout IL and WI. The supermarkets occupy spaces of 17,000 sq.ft. to 60,000 sq.ft. in strip centers and freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. The company maintains corporate and franchise locations. The company is franchising.  For more information, contact Linda Emery, Piggly Wiggly Mid-West, 2215 Union Avenue, Sheboygan, WI 53081

Shaw's Supermarkets, Inc. trades as Shaw's Supermarket and Star Market at 204 locations throughout CT, MA, ME, NH, RI and VT. The supermarkets occupy spaces of 40,000 sq.ft. to 60,000 sq.ft. in strip centers in addition to freestanding locations. Growth opportunities are sought throughout the existing markets during the coming 18 months. For more information, contact Greg Rollo, Shaw's Supermarkets, Inc., PO Box 600, East Bridgewater, MA 02333; Web site: www.shaws.com


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