Robert recently returned from the 2010 Las Vegas International Builders Show (IBS) where he presented his annual and popular presentation, this year titled, "Profiting in 2010 and Beyond" with fellow IRM Fellows. The outline for his presentation is below*:
Profiting in 2010 and Beyond
Where in the Market
will the Company’s Competencies Overcome the Competitor’s in the Eyes of the
Customer?
- Strive
for excellence vs. complacency
- Creativity
vs. lack of initiative
- Research
vs. Copy Cat
- New
product development vs. same product with minor changes
- Value
engineering vs. little or none
- Market
and product driven vs. product driven
- Eliminate
the term “discount”
- Launch
new models vs. sell off models (sell from plans)
- Advertise,
publicize and promote vs. signage and hope
- Train
and hire the best sales team vs. outsource sales program to Realtors
- Court
Realtor community vs. minimal Realtor promotion
- Pay standard
market real estate commissions vs. over-pay real estate commissions
- Under-promise
and over-deliver vs. “get by”
- Make
your customers your extended sales team vs. laissez-faire
- Success
vs. survival
Yesterday, Today and
Tomorrow’s Marketing Tactics
Sales Training:
- Buyer Paradigm
shift 1992 order- taker/2010 order-getter
- Back
to the basics
- Teach
the critical path:
Meeting Demonstrating Handling Objections Follow-up
Greeting Qualifying Closing Prospecting
- Competitive
analysis
- Product
knowledge
- Role
playing
- Word-of-Mouth
Marketing – Viral Marketing
- Company
employee participation on site
- Customer
service
Meeting through the acquisition
and beyond
Customer for life
- Develop
excellent Realtor relationships
- Seek
referrals from all parties
Sales Management:
- Spend
80% of time with sales team
- Work
one-on-one
- Monitor
and review all prospects, buyers and previous buyers
- Praise
Merchandising:
Price sensitivity
Product sensitivity
Place sensitivity
Promotion sensitivity
People sensitivity
Ages 18-45
50+
Predominantly single
- Universal
Design
- The
Green Wave
Energy and water conservation
Sustainable
Renewable
Multigenerational homes
Double/Triple boomerang
Children
Parents
Extended
family
- Cocooning
Returns
- Design
Trends
Smaller homes
Compact luxury
Comprehensive storage space
Enhanced outdoor living space
New model/Remodel/Remodel
Traffic Generation:
- Campus
cleanliness = lead generation = sales
= closings!
- Advertise
to target specific buyers
- Publicize
to target specific buyers
- Promote
to target specific buyers
- Referrals
Previous home buyers
Current home buyers
Current prospects
Realtor
Business to business
Trade association community
Non-profit community
Not-for-profit community
2nd generation-plus
residents living in former builder’s home
Operations:
- Maintain
strong core executive management, management and employee team
- Seek
alternative financial solutions
Land bank
Negotiate loans
Seek angels
- Work
with manufacturers, vendors, distributors to achieve value engineering
- Develop
new and exciting product
- Train
entire team regarding:
Land planning Construction Customer Service
Architecture Marketing Profit
Landscape Architecture Sales
·
Achieve customer-for-life status
Predictions:
- Most
builders slow to change
- Those
who market smartly and repetitiously will win
- Pre-sale
driven markets in semi-custom and luxury product
- Personalization
in every price point
- Build
shell inventory for spec-finish buyer
- Successful
sales people will be order-getters, not order takers
- Take
every buyer out of the market as quickly as possible
- Co-op
marketing between businesses
- Money
to remain in expensive
- Customer
for Life mentality
*©
Robert also presented the following talk at the 2010 IBS:
110 Ideas
Visualization, Actualization,
Persistence = Positive Results!©
By S. Robert August
BA, MIM, NAHB Life Director,
IRM Fellow, MIRM, CMP, CSP, MCSP, CAASH
Four Good Working
Habits That Will Help Prevent Fatigue and Worry:
- Clean
your desk of all papers except those relating to the immediate problem at
hand.
- Do
things in order of their importance.
- When
you face a problem, solve it then and there if you have the facts
necessary to make a decision. Don’t
keep putting off decisions.
- Learn
to organize, deputize and supervise.
Our Images are our
Self-Fulfilling Prophesies.
What we envision is what we get.
Programmed visualization:
deliberate use of the power of the mind to create your own reality.
You can use visualization to get what you want, but you must
really, really want what you visualize.
Form in your mind a precise and clear picture of what you
need and then hold it, affirm and see it as being yours.
Visualization Steps:
- Put
yourself in a relaxed, receptive state.
- See
the images of your visualization clearly and in detail. Focus on them.
- Become
aware of the feelings you associate with the picture goal. Accentuate the positive. Reinforce the positive. Eliminate all negative thoughts. Return to positive thoughts.
- Experience
the images with your inner senses.
The more complete the experience of both sensory and feeling
components, the more power you give to it.
- Tell
yourself in words, or send yourself the thought, write your thoughts that
you “deserve the very best in life,” especially through the state or goal
that you are visualizing.
- Trust
and believe that you will have what you want. The positive belief serves to motorize
the visualization.
This is a live process of cause and effect, of consciousness
creating reality.
Six Ways to Turn Desire
into Gold
There are six definite and practical steps to turn desire
into gold.
- Fix in
your mind the exact amount of money you desire. It is not sufficient to say, “I want a
lot of money.” Be definite as to
the amount.
- Determine
exactly what you intend to give in exchange for the money you desire.
- Establish
a definite date when you intend to possess the money you desire.
- Create
a definite plan to carry out your desire, and begin at once to put this
plan into action.
- Write
out a clear, concise statement of the amount of money you intend to
acquire, name the time limit for its acquisition, state what you intend to
give in exchange for the money and describe exactly the plan through which
you intend to accumulate it.
- Read
your written statement aloud twice daily, once just before retiring at
night and once after arising in the morning. As you read, see, feel and believe
yourself already in possession of the money.
How to Develop
Persistence
Four steps lead to the habit of persistence. The necessary steps are:
- A
definite purpose backed by burning desire for its fulfillment
- A
definite plan, expressed in continuous action.
- A mind
closed tightly against all negative and discouraging influences, including
negative suggestions of relatives, friends and acquaintances.
- A
friendly alliance with one or more persons who will encourage one to
follow through with both plan and purpose.
The Magic of
Self-Suggestion:
Thoughts that are mixed with any feelings or emotions
constitute a “magnetic” force, which attracts other similar or related
thoughts.
Eight words that can transform your life: “Our life is what
our thoughts make it” ~ Marcus Aurelius.
“If you think that you are beaten, you are,
If you think you date not, you don’t.
If you like to win, but you think you can’t,
It is almost certain you won’t.
If you think that you’ll lose, you’re lost,
For out in the world we find,
Success begins with a fellow’s will –
It’s all in the state of mind.
If you think you are outclassed, you are,
You’ve got to think high to rise,
You’ve got to be sure of yourself before
You can ever win a prize.
Life’s battles don’t always go
To the stronger or faster man,
But sooner or later the man who wins
Is the man Who Thinks He Can!”
In addition, the following article by Robert was printed in the recent edition of Sales and Marketing Ideas magazine:
MIRM Responsibilities©
by
S. Robert August, NAHB Life Director, IRM Fellow, MIRM, CMP, CSP, MCSP, CAASH
It is the responsibility of every
MIRM to encourage every home and apartment home sales, marketing and management
professional to become a member of the Institute of Residential Marketing
(MIRM). Over the years, we have
witnessed thousands of candidates become new members. Today we have a membership that must rise to
the occasion to be an asset to our membership, help the candidates become
designated, and continue to solicit and recruit new members.
Year in and year out the
fellowship, camaraderie and friendships that have been made have transcended
good and difficult times alike.
As we venture through the recession
and recovery, there is no better time than now to take stock in our profession
to determine how we can each make a positive impact on the people who make up
our industry.
MIRM Recruiting and Counseling Responsibilities
for MIRM Candidates:
- As a MIRM, it is your responsibility to solicit new
candidates and encourage them to become MIRMS. You can find these candidates waiting to
be solicited at your local home building and/or apartment association,
boards of Realtors, chambers of commerce and economic development councils. Consider mentoring at least one
candidate annually.
- Explain the professional value to your prospective
mentored student. Use examples of
how the designation has helped increase the professional status of the
MIRM with in his or her company through peer and professional
relationships.
- Explain the economic value of the designation. New MIRMS typically increase their
earning power with their new education.
The self-esteem and confidence boosters earned by the new MIRM
enhance the MIRM to accomplish more personal success.
- Learning is a key ingredient to the MIRM
process. The instructors provide
academic and pragmatic industry lessons that cannot be acquired in text
books alone. The instructors are
also accessible for you long after the classes are over so that you may
continue your education.
- Instructors provide life lessons while bringing out
the best in the students and encouraging them to share their experiences
from their own markets. These ideas
and experiences can stimulate new ideas to create new or revised marketing,
management and sales programs for everyone. We continue to learn together!
- Create a critical path with your mentored student to
completion of the MIRM designation.
It is important to adhere to a schedule to encourage, support and
help the candidate in an effective and efficient manner for all parties
concerned to finish and submit the case study.
- We all need someone to take an interest in our
careers, so start selecting your next candidate to mentor through the MIRM
designation.
MIRM Participation:
Once you become a MIRM, it is now
your responsibility to use your new designation to enhance your career and the
careers of everyone you meet. You have
new and experienced knowledge to share.
The following tips will help you to further your participation to help
new and existing MIRMS become more active locally and nationally:
- Congratulate each new MIRM in your trading area. Bond with them and coach them wisely.
- Encourage each new MIRM to send a press release to
her or his local media representatives complete with photographs.
- Encourage each new and existing MIRM to keep the
media representatives apprised of new trends that impact the industry and
economy positively. Provide new
press releases with graphs, charts and photographs to support your points
of interest. Always include your
MIRM designation in your final paragraph with your contact information.
- Encourage each new and existing MIRM to become active
on local and national committees.
IRM is comprised of new and old members alike who network positive
relationships to enhance our industry.
You will find open arms awaiting you to join a committee and become
and active contributor. We need
your knowledge to improve IRM.
- Select one committee at the local and national
level. Serve excellently. It is better to serve on one committee
and accomplish superb results, rather than serve on several committees
with average results. Your peers
will appreciate your excellent initiatives and commend you for your
participation. You will also feel
better about your accomplishments.
- Become more innovative at work.
- Write and lecture about your experiences. Share them through the SMI Editorial
committee and your favorite publishers.
- Archive your experiences to share with future
students and committee members. It
is difficult to remember each important and/or significant point of
interest you have experienced. By
archiving your accomplishments, you maintain a history to share.
- Maintain an outstanding disposition to help IRM, our
membership and future membership whenever the opportunity is presented. As a MIRM, you are an ambassador of IRM
and NSMC. Please remember, you are
the image of IRM. Wear your pin
daily. Post your designation
certificate in your office. Place
your designation on your business cards, web site, and business
communications to introduce and advertise your accomplishment.
Rejuvenation:
Thank you for your interest and
consideration to add IRM focus to your business plan. The first step of our journey is always the
most difficult one to take. Through your
personal initiative and perseverance – whether as a candidate or a MIRM –
please reach out and touch another prospective candidate to become a MIRM who
will make a positive and productive difference for our industry!
Before the IBS convention, Robert presented the following MIRM PRO Ed talk:
How a MIRM Should Deal with this Difficult Market©
§
Evaluate your Career
§
Evaluate your Present Position
§
Evaluate your Competition – Personal and Company
§
Write your Job Description
§
Update your Biographical Sketch
§
Evaluate Present Short and Long-Term Goals
§
Learning to Re-Learn:
o
Mental Management
o
Time Management
o
Physical
Management
o
Nutritional Management
o
Rest Management
o
Educational Management
o
Human Resource Management
o
Teaching Management
o
Relaxation Management
o
Reading
Management
§
Creating your New Plan of Action
§
Implementing your Plan of Action
§
Marketing your Talents
§
Re-evaluating your Plan of Action
§
Successful Marketing Tips for 2010
§
Go for the Gusto!
Robert continues to present "The Selling Professional" as a free series of hour-long seminars at the Home Builders Association of Metro Denver on the second Wednesday of every month. RSVP required.
Look for the webinar Robert recorded for the National Association of the Remodeling Industry on August 26, 2008 entitled “Marketing for Remodelers: Building Profits" at www.nari.org/learning.
Listen to S. Robert August discuss starting to address customer concerns instead of overcoming objections on
BuilderRadio.com with Jerry Rouleau.
S. Robert August was installed as a
Fellow in the Institute of Residential Marketing College of Fellows in February of 2008. Advancement to Fellowship is the highest honor given by IRM. It recognizes a member's significant contributions to the new home sales profession. IRM Fellows help promote the profession of selling and marketing new homes, advance the standards of sales and marketing education and advance the value of IRM and its designations among home building professionals.
Robert frequently provides wisdom in Nation’s Building News Online.
Please visit the links below to see his articles:
http://www.nbnnews.com/NBN/textonly/2005-10-24/Sales/index.html http://www.nbnnews.com/NBN/textonly/2005-11-07/Sales/2.html
http://www.nbnnews.com/NBN/textonly/2005-12-12/Sales/index.html
http://www.nbnnews.com/NBN/issues/2006-02-13/Sales/index.html
http://www.nbnnews.com/NBN/issues/2006-04-17/Sales/index.html