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TOP OF THE WEEK TO YOU!
(by realwired! CEO, Brenda Dohring Hicks)
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. | What a Tweet
Does Twitter have a place in getting things done? Can tweets influence City Hall? Are professionals really paying attention? It seems so. More and more I'm hearing that Twitter has value in creating awareness and even getting people to respond to calls to action. I can't tell you I've personally had success, but I can point you in the direction of a couple of stories. And I'm not here to tell you that I think the way Twitter might be used is right or wrong. I just want to let you know, it's something we should all keep an eye on.
For instance, in Sacramento, California there were two developers vying for a downtown improvement project. One of the partners assembled a petition drive seeking community backing. They hired a business school graduate to compile their social media campaign, built their website and hosted a community forum reaching out to potential advocates with both Facebook and Twitter. This grassroots effort certainly created some awareness, and if it had been started a little earlier in the project from what I understand, it would've made a significant difference, possibly tipping the scale very quickly in the direction of this particular developer.
What I want to alert everyone to is the fact that this type of communication cannot be ignored. Moreover, its dark side is that it's very difficult to contain. I can tell you that a project that had definitely planned to include social media in its efforts to involve the community in a positive way, as well as expand its reach for sales and marketing, had to deal with a rogue individual who had "beaten them to the punch" and set something up that was not in keeping with the high level of design and professionalism that the project required. It's a fine line to walk when someone has taken the initiative, either positive or negative, to start blogging, Twittering and posting even if they're doing it to promote something in what they see as a positive way.
I know for sure that as many of you participate in highly visible projects deals and the like, that it might be easy for you to be unaware of the strong current of social media and communication that lies below where you sail. (Okay, I just had to get a corny sailing reference in there.) So my story today is meant to give you a gentle reminder to be open minded when it comes to how to reach your constituents, whoever they may be. I'll bet you, like me, remember when a "twit" referred to an idiot or someone mentally deficient...my, my, think back now and it's clear the tables have turned. I'm curious if you've got some stories about how you've been able to effectively use Twitter or how it maybe has been used effectively against you.
Click here to join our blog discussion or simply shoot me an e-mail when you get a chance. |
Sales/Marketing Tip
The Long Way They say that the business of America is business. I think that what that means is we like to sell people stuff. At least I do. It wasn't always so. The choice of a sales career, for me, was a happy accident.
In 1980 I was a graduate school drop up. I didn't know what I wanted to do in life but I knew that it had to include adventure. So I arbitrarily (and without significant money) bought a one-way ticket to the Virgin Islands and moved there. I didn't know a soul and didn't even have a place to stay the night. I took a job in a jewelry store for $4.00 an hour plus commission. I knew nothing about jewelry but I learned. I ate macaroni and cheese every night for a year and a half until I had saved enough money to buy a small (22 foot) sailboat. I moved aboard which enabled me to save even more money. I bought a larger boat (31 feet) and became the manager of a marina. I sold people parts, mechanical services, and boats. I made (and saved) more money. I became more and more enchanted with the process of selling. But there was something missing. You see, my customers came to me, and as I understood it, real salespeople have to find their own customers.
In 1987 I moved to Lakeland Florida, a town to which I had never been before. I went there because it was the middle of an undeveloped territory of a marine hardware company and they were willing to let me have a go at building a territory where they had never been able to build one before. I literally left an idyllic life on a sailboat in the most beautiful place on earth to make cold calls! I wasn't too good at it. It scared the heck out of me. I often drove around the block several times before I could make myself stop and call on new potential accounts. Many times I was asked to leave, or worse. With time my skill level grew. Bit by bit I became successful. I relished the challenge.
The fear of prospecting had the effect on me that extreme sports have on others. Additionally, the rewards of sales success were like a tonic. I realized that mastering the art of selling was my only real chance for financial success. I switched to another company, which gave me the chance to manage other salespeople and help them to be successful too. I built a multi-state sales-force, which prospers to this day.
There came a day when I decided that if I could do that for someone else's company then I could do it for my own company. I quit. I mortgaged my house and bought the rights to teach the Sandler method of selling. I didn't really know how to sell the Sandler way but I learned. I'm still learning. It's a better method than anything I could ever have mastered in my own haphazard way. In retrospect, it would have been great if I had learned to sell right earlier in my career but that wasn't in the cards. Even if I had continued to do things the old way, even if I'd gone into a different business, I'm sure that I'd still love the craft of sales. Of course, I love the vicarious thrill of helping other people grow their businesses. And, best of all, I still get to enjoy the thrill of cold calls.
Here are several things I've learned along the way.
1. If it's too easy, it's probably wrong.
2. If it doesn't scare you, you're not growing.
3. If you don't change you'll stay the same.
4. Other people may know how to do things better than you do. Don't let your pride keep you from learning from them.
5. Investing in your own career is always a high return investment.
6. Lack of money is never an insurmountable obstacle. That's what credit is for.
7. You're going to get old anyway. You might as well make life an adventure.
Happy selling!
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. |
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Hot Deals/Leads
American Dairy Queen trades as Dairy Queen, DQ Grill & Chill and Orange Julius at 5,893 locations nationwide and internationally. The dessert shops/restaurants, offering burgers, ice cream, smoothies and fries, occupy spaces of 2,600 sq.ft. to 3,600 sq.ft. in freestanding locations. Plans call for 50 openings nationwide during the coming 18 months. Typical leases run 30 years. Preferred cotenants include Target and Wal*Mart. Preferred demographics include a population of 30,000 within three miles earning $35,000 as the minimum household income. Major competitors include Burger King, Culvers, McDonald's, Steak & Shake and Wendy's. A land area of 34,000 sq.ft. is required. For more information, contact American Dairy Queen, PO Box 390286, Minneapolis, MN 55439-0286; 952-896-8604, Web site: www.dq.com.
Wendy's International, Inc. trades as Wendy's at 6,500 locations nationwide and internationally. The fast food restaurants occupy spaces of 2,800 sq.ft. to 3,300 sq.ft. in freestanding locations, lifestyle, power and strip centers, in addition to urban/downtown areas. Growth opportunities are sought nationwide during the coming 18 months. Typical leases run 15 years with 15-year options. Preferred demographics include a population of 20,000 within two miles. A land area of one acre is required for freestanding locations. For more information, contact Kris Kaffenbarger, Wendy's International, Inc., One Dave Thomas Boulevard, Dublin, OH 43017.
Shakey's operates 200 locations throughout AL, AZ, CA, GA, WA and WI. The casual dining restaurants occupy spaces of 5,000 sq.ft. to 7,000 sq.ft. in endcap spaces, freestanding buildings and power, community and lifestyle centers. Plans call for five openings throughout San Diego, CA during the coming 18 months, with representation by Lee & Associates Commercial Real Estate Services. Patio space is required. The company prefers to locate in existing restaurant spaces in areas with a strong daytime population. For more information regarding Shakey's, contact Brian Bielatowicz, Lee & Associates Commercial Real Estate Services, 25240 Hancock Avenue, Suite 100, Murrieta, CA 92562.
Blinds to Go, Inc. trades as Blinds to Go at 120 locations throughout CT, DE, FL, MA, MD, MI, NJ, NY, PA and VA in addition to Ontario and Quebec, Canada. The stores, offering a selection of custom-made blinds and shades, occupy spaces of 3,000 sq.ft. to 4,000 sq.ft. in endcaps and freestanding locations. Growth opportunities are sought throughout Boston, MA during the coming 18 months. Typical leases run 10 years with three, five-year options. A turnkey is preferred. Preferred cotenants include Home Depot, Lowes Home Improvement and regional malls. The company also operates under the trade name Le Marche du Store throughout Quebec, Canada.For more information, contact Yves Pardo, Blinds to Go, Inc., 3510 St. Joseph Boulevard East, Montreal, Quebec, Canada H1X 1W6; Web site: www.blindstogo.com.
Bonefish Grill operates 130 locations throughout AL, AR, AZ, CO, FL, GA, IA, IL, IN, KS, KY, LA, MD, MI, MO, MS, NC, NE, NJ, NV, NY, OH, OK, PA, SC, TN, VA, WA and WI. The seafood restaurants occupy spaces of 4,800 sq.ft. to 5,500 sq.ft. in freestanding locations, malls and entertainment, lifestyle, power, strip and tourist centers. Growth opportunities are sought throughout CT and Westchester County, NY during the coming 18 months, with representation by Aries Deitch & Endelson, Inc. Typical leases run 10 years. A land area of 1.5 acres is required for freestanding locations. For more information, contact Bill Grad, Aries Deitch & Endelson, Inc., 110 South Central Avenue, Hartsdale, NY 10530; Web sites: www.ade-re.com and www.bonefishgrill.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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