www.armstrongcapital.com

September 10, 2014

www.secretsofpaper.com

     Volume 3  Note-able Newsletter  Issue 37     

President's Corner - Tip of the Week - Weekly Quote - Feature Article

Upcoming Events - Subscriber Question - Product Highlight


 
Resource Highlight

     In this manual you will learn

  • All of the important ways to spread the news about your note buying service.

  • How to contact note holders.

  • How to develop a pool of professional referral sources who will send you notes.

  • To build your business through centers of influence.

  • How to use the Internet in creative ways

  • About telemarketing without pain.

  • How the professionals develop a profitable direct mail campaign.

  • To develop niche note markets no one else is taking advantage of.

  • Several ways to use a “Note Holders’ Handbook” in your marketing.

  • About note negotiating, unusual note profits, making presentations, and Much, much more...

Click for more info and to order TODAY! When you order in April you will receive the E-Book for FREE!

Tip of the Week

      Did you know....

 

       The worst note holder lead you will ever get is one that was generated from a straight cold call.

 


Upcoming Events

October 11, 2014

     Stockton, CA

     Leadership Training

     Renatus

 

TBA 2014

     Los Angeles, CA

     Secrets of Paper

 

February 2015

     New York, NY

     Secrets of Paper

     Renatus


Ask Jeff to come and

speak or teach

to your group or

at your event!

 

Watch for Exclusive

Fred Pryor

CareerTrack

seminars

facilitated by Jeff,

details coming soon!


Quote of the Week

 

Your living is determined not so much by what life brings to you as by the attitude you bring to life; not so much by what happens to you as by the way your mind looks at what happens.
                                                            ― Khalil Gibran


President's Corner

       The significance of following up, touching base and chasing the note holder shouldn’t be undervalued. There are no qualms about it; conscientious follow-up has helped me win business.  Strong and active following-up conveys a message to the potential note holder that you want to work them, that you are the right person for the job, and that you are just waiting to get started on one call. But, it could be a test to be persistent without being seen as annoying when you are doing strong follow-ups.  While each situation needs to be handled differently, here are some ways to follow up without being seen as annoying:

Being persistent doesn’t mean daily - Doing follow-up every day doesn’t indicate your gumption or passion; give respect to a person’s time. The common rule of pursuing or following up is to give at least one week before sending a reminder. Doing follow up daily can come off as annoying. Start out with an email or phone call every week, and then switch to every couple of weeks.

Select a communication medium - There are no guidelines or rules on the best way to follow up; however, it’s always better to follow the indication of the individual you’re contacting. If they prefer email and your past conversations have taken place over email, it is better to follow-up via email. Selecting a communication medium does not mean you should keep one communiqué method. Occasionally using other communication methods can initiate a quick response.

Don’t act like you’re owed anything - There is a strong possibility of getting disheartened and irritable when you are not getting response after a solid follow-up. Remember that it doesn’t matter how many times you’ve followed up, or how impeccable your proposal or pitch is for that note holder; nobody is obligated to respond to your request. Each follow-up call, email or message should be as respectful, polite and humble in attitude as your first one was.

Your objective is an answer - Don’t set a quota or sign to classify an answer, whether your offer is turned down or receives a non-actionable response, such as “I’ll get back to you.”  Some people might have a rough time saying no, so they’ll attempt to postpone the inevitable. Minimize that propensity by giving the person an intention to respond, such as offering a limited-time price. Be proactive and schedule a time to contact the person when they say they’ll get back to you.

Have a plan - You can’t simply keep calling a note holder after getting a negative response. Make an active plan for your offer or price. Find out other note holders that can be reached.  A negative response should lead you to the next step according to your planned track.

Say thank you - Whatever response you get from the note holder, always remember to acknowledge the time he has spent to read your options, or communicate with you on the phone. He gave you time and consideration, which is a difficult thing for lots of individuals these days. He might help you by giving some information that can improve your offer or options, or offer a new contact, or ideas about how to do better with the next note holder. Always thank them for their time for considering your offer; they’ll remember how polite you were–and might consider your options in the future.

Remember, Success Demands Action! Keep on marketing, it’s going to work! TWITA!


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Feature Article

Both Sides Should be Winners in Negotiations

           Most people believe that the goal of negotiation is to get all you can – to vanquish the "opponent" as if you were at war. But negotiation isn’t war. It’s trying to reach an agreement. And the goal should always be to make both sides come out winners – because that way you can continue to work together smoothly...Read More...


Question of the Week

Q - Hi Jeff,

          We recently had an inquiry from someone who is interested in selling a business note.  What information do I need to gather to get a quote on a business note?

                                                             ~ Anne

Hi Anne!

          There are a few investors that purchase business notes.  There is a separate business note worksheet that is similar to the mortgage worksheet we normally use. It has a few pertinent questions in regards to the the business and it's assets as well as the normal terms of the sale and note. Hope this helps!                      

                                                             ~ Jeff


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