www.armstrongcapital.com

January 30, 2013

www.secretsofpaper.com

 Volume 2          Note-able Newsletter          Issue 5

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

Upcoming Events - Subscriber Question - Product Highlight


Check the Secrets of Paper 201 Home Study Course

Your Launching Pad to Success in the Note Business!


 
Tip of the Week

 Did you know....

   When you have something unpleasant to do as you begin your work day, do that activity first.  Get it out of the way so you are not thinking about it or dreading having to deal with it for the rest of the day.


Product Highlight

 

Resolve to pump up your marketing efforts this year!  Now is the time to create the most effective marketing plan possible for your note business. Jeff's Art of Target Marketing for Note Holders Video Series  gives you the most current, comprehensive and detailed marketing information in the Note Industry from his proven & tested strategies!   

 

Click here for more information and to order TODAY at a special Introductory price of $49!

Upcoming Events

 

2013

     Chicago, IL

     Secrets of Paper

 

April 25-28, 2013

     Las Vegas, NV

     Paper Source

     Note Symposium

    

2013

     Los Angeles, CA

     Secrets of Paper

 

October 24-27, 2013

     Las Vegas, NV

     Noteworthy Convention

 

Ask Jeff to come and speak or teach to your group or at your event!


Coming Soon

Exclusive

Note-able Membership

with Videos, Training Tools

and Support!


Quote of the Week

Experience enables you to recognize a mistake when you make it again.
                                                        ~ Franklin P. Jones


President's Corner

I hope your new year has started off well! This week I am going to write a little about taking criticism from note holders and making it work for you.

        No one relishes criticism, especially when you don't think it's deserved and have gone out of your way to do your best.  But how you as a small business owner respond to criticism can make a huge difference in terms of how you feel about yourself and how your customers feel about you.

        If you have any doubts about this, just watch a couple of episodes of television talent competitions like 'American Idol' or 'Project Runway'.

        Granted the contestants on these shows may not be small-business owners, but they are competing in a professional field - and a particularly tough one at that.  Also, while the judges on these shows may be meaner and nastier than most customers, if you watch you'll notice the winning performers are excellent models for how to artfully accept even the cruelest criticism.

        First and foremost, they keep their objective in mind.  In their case, it's to remain appealing to the viewers and ultimately the judges, who they hope will be voting for them.  In your case, the goal is to retain interested note holders whenever possible and maintain your reputation and goodwill with your community and within the note industry as a whole.

        Of course, when zapped with what feels like unjustified criticism, the temptation is to become defensive, then disagree, justify and/or explain.  But as these shows illustrate so dramatically, justified or not, such reactions just make the critics all the more determined to make their points.

        So when note holders complain about how big the discount is or that it is taking too long, the best approach is to smile, nod, ask for clarification if you don't fully understand how you might better serve them and then say thank you.  By doing this, your customers (note holders), like other judges of performance, will feel heard and most likely won't amplify their complaints.  Then you are free to go on with your day and incorporate whatever is helpful from their feedback into your service, just as winning contestants do each week in talent competitions.

        Again, if you watch these shows, you'll quickly see that those who don't listen and adjust rarely progress, while those who do usually get better and better, just as you can, as the weeks go by.  Try this approach on the next time a note holder criticizes you and make it work for you.

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


Feature Article

Decompress, Don't Stress

You’re constantly interrupted with office chatter, phone calls, emails, instant messages, texts and Facebook and Twitter updates. You’re frenetically multi-tasking. Deadlines are approaching. Aaaaaaagh! Sound familiar? It should, since many of us operate our cash flow, real estate and note businesses in high stress workplaces... Read More...


Question of the Week

 

Q – Hey Jeff: Here is a question: I've made a contact at a servicing company. Before she gives me a referral, she wants to be sure the servicing stays with her company if I ended up purchasing one of her customer's Notes. Can I reasonably assure her of this if I end up brokering the Note through you? Thanks! 
                                                 ~ Brent S.

 A – Hi Brent! The answer is it depends.  Some investors require that they service their own notes while others will allow the servicing to stay in place.  When you get a referral from her just mention it on the worksheet and we will place it with the investors that will allow servicing to stay in place.  Hope this helps!

                                                 ~ Jeff


So you want to invest in or broker notes?

Been trying for awhile with limited or no results?

Check out the most talked about, current and innovative educational tools, training, mentoring, assistance and support services in the industry! Updated for 2012, click here to start growing your note business today!


If you have missed any of our Newsletters click here for our

Archived Monthly Newsletters!


If you have a note business question you would like to see answered in this newsletter just email Jeff!