Sales

Ep.96: Tiered Growth: Understanding Metrics and Recognizing Signs to Set Profitable Sales Goals with Michael Hodgin

Most people would consider a company jumping from $1.5 million to $3 million in revenue a growing organization. However, when we look beyond gross sales, those numbers don’t necessarily mean it grew. It could even mean the company is less profitable — and ultimately less successful — than it was before. 

Michael Hodgin says planning for, and implementing, tiered advances are a better strategy for deliberate, healthy growth.

In this episode, Michael discusses his tiered increase growth strategy with Victoria and Mark. For healthy growth, he says you have to set and meet certain goals for sales, job costs, systems and performance before taking the next step.

Michael is a general contractor and business consultant living in the Rogue Valley of Southern Oregon. He started his first construction company as a one-man-show in 2000, eventually growing Coleman Creek Construction to include a successful team of 15. Michael joined Remodeler’s Advantage in 2016 in an effort to deliver the greatest possible value to his clients. Investing in the development of efficient systems for his own business inspired the creation of his consulting agency, Maestro’s Toolbox

Micheal says that your company’s gross sales should bump up to the next milestone only once your teams have mastered sales, pre-construction, and production systems at their current revenue level. That puts a company in a stronger position to handle the inevitable increase in workload. He talks about how to accomplish healthy, tiered growth for you remodeling company, including:

  • The infrastructure milestones to hit
  • Taking deliberate steps
  • The importance of setting goals 
  • Focusing on hitting those goals
  • Proving your success 
  • Nailing down all your job costs
  • Managing slippage
  • Building the foundation for growth
  • The metrics that tell you that you’re ready for the next step
  • Stepping away and delegating
  • And more …

Planning your growth, setting targets, and understanding why and how you hit them will spur the right kind of growth for you and your company.

Ep.95: Being Honest Online with Taylor Rennick

Honesty is truly the best policy when it comes to your website and social media presence. In a sharing economy, your prospects want to know everything about your company before they even pick up the phone. 

We’re breaking down why transparency online is important, and how it can lead to more jobs.

In this episode, Taylor Rennick discusses the importance of being honest and transparent online with Victoria and Mark, and tells you how it can create more leads, and eventually more revenue. 

Taylor is an inbound marketing strategist at Builder Funnel — one of our partners here at Remodelers Advantage.

As part of her job, Taylor spends hours every day looking at remodeling company websites. Some are good, some not so much. And some seem a little shady, using project photos that aren’t theirs or lying about project pricing. Remodeling is intensely personal, and has to be sold as a service, not a product, Taylor says. Being transparent is the key. Taylor talks about the information prospects want to know, and how they want to find it, and why you’ll get more prospects, including:

  • Developing content to educate your audience
  • Explaining your process
  • Talk about cost on your website
  • What you should offer on your blog
  • What audience data can tell you
  • Positioning your company as a thought leader
  • Updating information to stay accurate
  • Reaching people where they are in their buying process
  • And more …

Taylor says you can find free resources to help you in all your online marketing on Builder Funnel’s site.

EP.91: [Unscripted Back-up] Expert Panel at Extreme Business Makeover Shares Insight

As we wrap up 2019, we’re looking back at some of our more popular episodes and this one was a huge hit.

For our 50th episode in January, we gathered a panel of industry experts and took questions from the audience at the Extreme Business Makeover event. It capped off an intense two days of learning, sharing, and networking among the remodelers attending and our Remodelers Advantage team.

In this episode, Victoria and Mark directed the lively discussions with our panel. Panelists included:

  • Michael Sauri of TriVistaUSA Design + Build and the 2018 winner of the Fred Case Remodeling Entrepreneur of the Year Award.
  • Doug Howard, RA’s CFO and Director of Consulting Services, a.k.a. “The Fixer”
  • Judith Miller, Financial and QuickBooks “Guru”
  • Tim Faller, RA’s Senior Consultant and “Master of Production”

We covered profits and payroll, cash flow, the owner’s role in a growing business, margins, staying top-of-mind in your marketing, smart lead qualifying, planning and making decisions on your job sites, and the power of asking “why?”

It’s an insightful and all-encompassing discussion of how to run your business to get bigger margins, more profits, and creating a real life/work balance. If you missed it back in January, you need to listen to this episode.

And Don’t Miss THIS Year’s Extreme Business Makeover Event;
New Content, Fresh Ideas

On January 28-29, 2020 we will gather once again at the BWI Westin and present 2 days of interactive presentations, breakouts and expert panels (like the one featured in today’s podcast). We have Super Early Bird pricing in place until 12/15/19 so Click here for more information and Register Today!

Ep.89: Focusing on Clarity in Communication with Jeremy Steinruck

We’re under an almost-constant barrage of information from every angle. As leaders in our business, it’s imperative that our messages are clearly understood. But it’s equally important, if not more so, that we get messages clearly. 

Looking ahead to 2020, Jeremy Steinruck is focusing on clarity in communication and cutting through the white noise.  

In this episode, Jeremy discusses how to make your communication skills better with Victoria and Mark, what it will take, and how it will help your business and your life.

Jeremy is co-owner and vice president of Axis Construction in Wichita Falls, TX, a company he and partner Jeff Miller started 13 years ago. Jeremy holds a master’s degree in human resource management, but he is most thankful for the influence of incredible mentors and friends who have shared their wisdom freely. 

Learning to be a better communicator is possible, even if it’s not in your native skillset. Jeremy says the first part, for him, was getting rid of his “head trash.” He had to get rid of limiting beliefs, only hang on to ideas that could be proven true, eliminate his assumptions of what someone else believes, and not let any of those things influence his decisions. He talks about how to get past that, and boost your communication and listening skills, including:

  • The basic rules of engagement
  • Facing fears
  • Placing yourself in someone else’s comfort zone
  • How to plan your conversations
  • Understanding you can’t convince someone else
  • Asking questions to get to others’ needs
  • Setting goals at the beginning of the conversation
  • Communicating with intent
  • The four things to do before having a tough conversation
  • And more …

Two of the biggest barriers to effective communication are distraction and selfishness, and Jeremy says that recentering and concentrating on your core values will help you get over them.

Ep.86: Connecting with a Few Good Realtors with Kathi Fleck

Working with just a few Realtors can bring additional jobs to your remodeling company. It’s not about appealing to the masses, but about developing relationships with several realtors who appreciate how you work, your quality, attention to detail, and exceptional client experience. 

In this episode, Kathi Fleck discusses working with Realtors with Victoria and Mark, and how to establish and maintain relationships that can get more jobs for your company, help them sell more homes, and take care of your shared clients.  

Kathi is co-owner of LoneStar Design Build in the Dallas-Ft. Worth, TX, area, where she leads a team and their clients through the design-build experience. Kathi has a long-term relationship with Coldwell Banker Real Estate, and other Realtors who send business her way.

Realtors go out of their way to support the seller/ buyer experience, says Kathi. Helping their clients with remodeling and providing referrals is part of their daily routine. As remodelers working with realtors, understand how Realtors work and make them look good as they support their client. It can be challenging, but Kathi says a few simple tricks can pay off with easy referrals, including:

  • Finding partners who fit your company and market
  • How to make their lives easier
  • Getting the right referrals
  • Dealing with bad leads
  • Avoiding the bid process
  • How referrals can go in the other direction
  • How much to invest in marketing to Realtors
  • The power of free food
  • And more …

The best way to start is by contacting real estate offices and setting up a presentation, calling an agent who works in the same neighborhoods you do, and taking advantage of networking groups.

Building a Better Design Process

Kathi will be presenting on another topic as she helps lead our next MasterClass, Building an Effective Design Process, on Dec. 11-12, here in Baltimore. She’ll be joined by other experienced, award-winning remodelers who will teach you or your designers how to improve your design process and create an extraordinary experience for your clients. Get the details and register here.

Ep.85: Unraveling the Undervalued “Proactive Outbound Sales Call” Metric with Abe Degnan

Our Roundtables members share their financial metrics at every meeting, in what we call the composite report. But there’s one field that’s almost always reported as zero.

It’s the proactive outbound sales call metric. It’s confusing to many, not just as a field on a spreadsheet, but as an activity.

Abe Degnan says this metric is valuable to all remodeling companies, and making those calls builds his own company’s sales pipeline.

In this episode, Abe joins Victoria and Mark to explain the proactive outbound sales call, how to track it, and what it can do for your company. 

Abe is president, problem-solver and life changer at Degnan Design Build Remodel in DeForest, WI. He also manages day-to-day business operations — and as a long-time Roundtables member, Abe knows how important it is to measure what is managed.

This statistic isn’t just for replacement companies with a call center, says Abe. A proactive outbound sales call also doesn’t have to be a phone call. It occurs any time you follow up on your sales process in a way that is outside of your established sales routine or is something your client isn’t expecting you to do. Abe talks about what those follow ups can be, and how to track them, including:

  • Why sales needs to do it, not marketing
  • Sending handwritten note cards
  • Calling on cold leads
  • Contacting a lead that fell off your radar
  • Networking for leads
  • The number of activities you should do
  • The ROI on the effort
  • Who you should reach out to
  • Including it in your marketing plan
  • How long it can take to convert
  • And more …

Making proactive outside sales activities a part of your business can get, and while it’s a marketing activity, it has to be carried out by the sales staff to be effective.

Speaking of Marketing…

If you’re looking for more ideas and better ways to market your company, check out Mark Harari’s Masterclass this December 9th & 10th in Baltimore called “I ‘AM’ the Marketing Department.” It covers all the major aspects of running a marketing department, and is specially geared to meeting the needs a marketing department of one.

Ep.83: Using Trade Area Analytics to Grow Your Business with Nick Ogle

There’s not much that’s more frustrating than missing out on business opportunities close to home. Understanding the numbers that surround your business’s trade area is critical to determining what may be flying under your radar. Through analytics, you can interpret those numbers and take advantage of what they tell you.

In this episode, Nick Ogle talks to Victoria and Mark about how using trade area analytics can help businesses with growth and strategic planning.

Nick is the Bath & Kitchen Buying Group’s executive director, and brings more than two decades of kitchen industry experience to BKBG, having previously served as director of strategic partnerships and national accounts for Masco Cabinetry. Nick received his degree in selling and sales management from Purdue University, and currently lives in Michigan with his wife and son. BKBG is also RA’s newest strategic partner in helping our members grow their businesses.

There’s so much information and data available, but you’ve got to pick the right numbers to analyze — and look at them the right way. Trade area analytics break down the numbers in your surrounding market and let you compare it to your own business model and services. It can be eye-opening, Nick says. He talks about how a remodeler can find the right data and how to use it, including:

  • Starting at your local library
  • Resources you can use for little to no money
  • What data to look for
  • Demographic and housing stock to analyze
  • What to compare your local data to
  • Setting benchmarks
  • Why it can help you grow your area or do better where you already are
  • How to identify the hot remodeling areas
  • Understanding your area’s history to predict the future
  • How to look at the numbers the right way
  • When to ask for outside help
  • Who to ask
  • And more …

Analyzing your local numbers can help you make the most of your marketing budget, reach the right people in the right places, and make more money. To find out more about BKBG, you can go to the website, or you can call Nick at 440-313-4275.

Ep.82: What Can Be Learned from Success with Wayne Rivers

We’re just back from the 2019 Remodelers Excellence Week, Remodelers Summit, and Roundtables meetings, and our opening video was about thinking like a child, and allowing yourself to fail so that you can learn from what went wrong. It’s all a part of evolving as a business, as a person, and the art of growth.

Then we came across the latest video blog from our friend Wayne Rivers.

It dovetailed nicely with our main takeaways, while also turning the concept of learning from failure on its head. It’s devoted to learning from your successes, and then building on them.

So in this episode, we’re picking up the audio of his blog. If you’d like to watch the video, you can find it here.

Wayne is the co-founder and president of The Family Business Institute Inc. He has authored four books on the subject of family businesses, and is part of the peer group Victoria and Mark attend. Wayne has appeared on the Today Show, CNN, MSNBC, CNBC, BusinessWeek: WEEKEND, and on the Retirement Living Network.

Wayne talks about how overlooked, yet powerful, success can be as a teaching tool. Instead of always concentrating on what didn’t go right, he tells you how to learn from the good, including:

  • What you can learn from the Blue Angels
  • Why to focus on the process more than the outcome
  • Conducting a post-mortem on every project, good and bad
  • Analyze for successes and failures
  • Realizing that success is almost always a team effort
  • Why to benchmark in every department and process
  • Getting an outside perspective and objective opinion
  • And more …

There are opportunities for learning and improving everywhere — you have to look for them and then build on them.

Click here to take a look at our Summit kick-off video.

Ep.79: Helping Veterans Remodel with SAH Grants with Jay Latona

Caring for our veterans should be a national priority when they come back home. The Specially Adapted Housing (SAH) program offers grants to service members and veterans who have certain severe service-connected disabilities. The grants assist with building, remodeling, or purchasing an adapted home, but the program needs remodelers and builders to make it work.

Most people in the remodeling industry don’t know these grant programs and projects exist. 

In this episode, Jay Latona tells Victoria and Mark about this incredible program, and how it can enable remodelers and builders to provide a great service to our nation’s veterans, while also making a profit.

Jay is the chief, specially adapted housing at the Veterans Benefits Administration, and has worked as a remodeler and builder. He also served in the U.S. Marine Corps. Jay will be at the Remodelers Summit 2019 in Orlando, Sept. 24-25, to talk more about the program. 

The SAH program began in 1948 as part of the G.I. Bill of Rights. It provides funding to veterans to enter a contractual relationship with builders or remodelers to make homes more accessible to assist with independent living. The SAH program is funding more than 2,000 projects a year with more than $100 million paid out. Jay talks about how the program works, how you can get involved, and what it can do for your business, including:

  • What you need to do to register
  • Help with marketing it
  • The separate compliance inspections and who does them
  • How funds are dispersed
  • Connecting with veterans
  • Opportunities for new remodelers
  • The minimum adaptations you need to do
  • Other grant opportunities veterans can get
  • And more …

Jay says the registration process is simple, and can be life-changing for veterans. To get more information, and to download the handbook he mentions, go to: https://www.benefits.va.gov/homeloans/adaptedhousing.asp. And if you want more assistance, send an email to sahinfo.vbaco@va.gov.

Jay Will be a Guest Presenter at Summit… Don’t Miss it!

Jay Latona will be joining us at Summit and will give a brief presentation on how his organization is supporting veterans. If you haven’t registered for Summit, there’s still plenty of time to register and arrange your travel for the biggest and best Summit we’ve ever had!
Click Here for More information >>

Ep.76: [Unscripted Back-Up] Managing Your Customers with Chip Doyle

It’s time for another Unscripted Back-Up. It’s a chance to revisit some of our best and most informative episodes. They’re jam-packed with information you can use — so if you missed it the first time around, here’s your chance to catch up.

This is one of our most popular episodes, and digs in to a part of your remodeling business that few people really consider — managing your clients. 

If you — and especially your designers — aren’t managing those customers you’re wasting time and losing out on potential profits, says Chip Doyle.

In this episode, Victoria, Mark and Chip discuss how to speed up the hand off from design to production. Effectively managing client expectations, setting clear goals and deadlines, and guiding clients intentionally, gets you out of having projects park in design and selections. 

Chip has been in the sales industry for 29 years, and training with Sandler for nearly 17 years. He’s a sought-after speaker and co-authored Selling to Homeowners The Sandler Way. Chip has a licensed training center and trains companies of all sizes in Pleasant Hill, CA, helping them reach their full potential, exceed expectations and continue to grow.

Empowering designers to guide, and ultimately lead, clients through the design process can increase your profits by 25 percent. Some of the ways to get there include:

  • Cutting design time in half, without cutting corners
  • Giving designers the right role models
  • Managing “genius attacks”
  • Setting clear meeting goals and timely next steps
  • The importance of deadlines — for clients
  • Getting projects through that would otherwise stall
  • The traits to look for in a designer — toss the DISC assessment
  • And much more …

Need More Help?

If your designers, project managers, and other customer-facing team members need guidance on how to deliver excellent client services effectively, Chip is leading a course, Client Management Training for Designers & Architects, to address it all. It’s not a sales course, it’s specifically designed to give your team members the skills they need to get selections and designs past the bottleneck and into production, while creating and excellent customer experience.

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