Thursday, November 22, 2007

The Real Fire Season Begins

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A fire is reported in a U.S. home every 80 seconds.

Increased indoor cooking and heating needs often lead to a seasonal surge in fires during the winter.

The U.S. Fire Administration reports that 37 percent of all residential fires occur from November through February. Winter fires across the nation result in more than $3 billion in property losses each year.

During the winter months, there are often more fires because of candle use in homes.

These were all statistics reported in an article in the Omaha World-Herald in a story today on "Red Cross is Having a Busy Fire Season." The article talked about a 155% increase in apartment fires from July 1 to Nov. 15 compared to the same period in 2006 in Omaha, and how the Heartland Chapter of the Red Cross is being stretched. The article noted that 40% of the local chapter's resources are used up during emergencies, including 25% for fires.

Home Inventory Service Professionals: Consider partnering with your local American Red Cross chapter to help with their local fundraising efforts and increase awareness of your services at the same time. The Red Cross is called if the home's occupants need a place to stay or a change of clothes. Contact your local chapter and ask if you can work with them.

Thursday, November 15, 2007

How To Handle Collections


No, this post isn't about collecting money -- it's about homeowners who collect "things."

I received the following question from a fellow home inventory service professional:

He wrote:


With music CDs, paperback books, movies, and various collections. how do you differentiate between 'stuff' and 'valuable collectibles'? I can see where one could spend hours annotating the above-listed property..or do you just list 'music CD collection = $X' etc.?



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My response:

That's a situation where I defer to the homeowner -- and it's easiest during the estimation process, I say something like, "Wow! I notice you've got quite a collection of CDs there. Would you like me to detail your collection, or inventory it as a unit?" If they want it detailed, I build it into the time. If they want it as a unit, I usually take multiple closeup pictures, and count the number of CDs to come up with an estimated value.

My husband, for example, has an extensive collection of DVDs (movies and TV shows). His collection is worth several thousand dollars (easily!) and replacing it title-for-title would be important to him in the event of a loss. If he were a paying client, he might want to pay the extra $100 or so (1 hour of on-site time) to have me detail the collection. But it would be up to him, not me to decide that.

I think most standard agreements say that collections will be inventoried as an aggregate unless the homeowner specifies. But be sure to ask the homeowner!

Tuesday, November 13, 2007

Guest Article: Wanted -- 100 Referral Partners

By C.J. Hayden
Author, Get Clients Now!


If you've been in business for more than five minutes, you already know that the best way for any self-employed professional to get clients is by referral. But the process of building sufficient word of mouth to produce the number of clients you need can seem daunting. You can count on some referrals from your existing clients and people who already know you, but that's a fairly limited number. How can you start getting referrals from people outside your circle?

Actually, a better question is how to increase the size of your circle to include more people. In order to refer you business, people need to know, like, and trust you. They want to be sure that you will take good care of the clients they send you. For that, they'd like to be better acquainted than just hearing your name.

Imagine that you had a group of 100 people who were willing to refer clients to you. Now, imagine further that this "circle of 100" were people whose own work put them in touch with your potential clients every day. Sounds ideal, doesn't it? Building a circle like this of your own may be easier than you think.

One of my clients, a graphic designer, set about doing exactly this when she first launched her business. She identified a list of people in her city who were likely to be strong referral sources, and began methodically making their acquaintance. Within a few months, she had a steady stream of new clients. Better still, since all these clients were referrals, they were usually ready to do business when they first contacted her, and required little selling on her part.

To use this approach effectively, it's not just a matter of knowing enough people. You have to know the right people. Here's how to begin:

1. Create a most-wanted list of ten occupational categories whose members are frequently in touch with the type of client you desire. For example, a graphic designer who specializes in working with small start-up businesses might choose accountants, attorneys, bankers, business coaches and consultants, business teachers, career counselors, entrepreneurship center staff, office supply vendors, printers, and secretarial services.

2. Make the acquaintance of ten people in each occupation. Seek them out, meet with them, and familiarize them with your expertise and the benefits of the service you offer. Find out more about what they do and the type of clients they serve so you can refer business to them as well.

3. When you connect with someone who seems open to sending you referrals from time to time, you have found a referral partner. Add their name to your list. Ten people times ten occupations equals your circle of 100.

No matter what your business is, if you can define your niche, you can identify others that serve it. A marketing consultant might target web designers, copywriters, and graphic artists. A massage therapist could seek out chiropractors, acupuncturists, and yoga instructors. If you have trouble coming up with a list of occupations, ask your current clients who else they currently do business with.

When you have a specific goal like this in mind, your networking can become much more focused. As you meet new people, you'll be able to decide just from looking at the title on their business card whether following up with them should be part of your plan. Whenever you meet someone whose occupation matches one on your list, ask, "I think we might be able to refer each other clients. Can we get together and talk about that?"

Share your most-wanted list with others, and ask for introductions to people they already know. For example, if accountants are on your list, ask your clients, colleagues, and friends who their accountant is. Or if you are seeking business instructors, ask friends for the names of instructors they have taken business classes from.

When you aren't able to make enough connections through networking and your existing contacts, don't be afraid to just look them up. You can find people in almost any occupation listed in your local phone directory or on the web. If you approach them as a colleague and express your desire for the two of you to help each other be more successful, you'll find many people willing to get better acquainted.

Regardless of how you first get in touch, some of the people you talk to won't be receptive to getting to know you better or the idea of referring each other business. That's okay. You only need ten names for each occupation, and there are plenty of people to choose from. Just move on to the next possibility.

Also, don't be concerned if you fear that you won't have any referrals to give the people you're talking to. Neither of you are making a promise to send each other clients; you are simply expanding your circles to increase the likelihood of that happening. As you get to know more people in your niche, it's quite likely that you will find yourself making referrals more often.

One of the most useful elements of this strategy is that it is both simple and systematic. All you have to do is look at your most-wanted list, and you'll know right away what needs to be done next. Do you need to add more occupations, or do you need more new names in any group to reach your total of 100? Just follow the suggestions above until you get there.

Once you have 100 names listed, you can change your tactics from getting acquainted to following up. Stay in touch with everyone on your list at least once per quarter. With only 100 names, you should be able to do that easily.

Over time, you may find that some of the people in your circle aren't particularly good referral sources. That's to be expected. The reason you want so many names to start with is that only a few of them will consistently refer. You can always add more names later to replace some of the people who don't seem as helpful. It's likely, though, that just a few steady referral partners will be more than enough to keep you busy.

--C.J. Hayden is the author of Get Clients Now!™ Thousands of business owners and independent professionals have used her simple sales and marketing system to double or triple their income. Get a free copy of "Five Secrets to Finding All the Clients You'll Ever Need" at www.getclientsnow.com.

Sunday, November 4, 2007

Keys to Success for Home Inventory Service Business Owners

A recent visitor to the Home Inventory Business Forum asked for advice for someone considering getting into the business. I responded with my opinion of the skills required for success.

In my opinion, these are:

** Your business skills. There is a fairly significant ramp-up period before you'll begin to generate steady income, so your ability to control expenses while increasing your profile (i.e., advertising investment) is critical. Cash flow will be the key in the first six months.

** Your marketing and sales abilities. Simply put: If you're not comfortable selling yourself, this is not the business for you. At least initially, you ARE your business. You are asking strangers to let you into their homes and you'll list every (well, not EVERY) worldly possession they own. If you can't build credibility with prospects, you won't have customers. If you can't build relationships with prospective referral sources, you'll struggle ... because frankly, early on you'll get most of your clients from personal relationships or referrals, not from your website or any advertising you do.

** Persistence. Every business owner on here will tell you that they ran into roadblocks as they worked to launch their home inventory service business. It could be technical things -- computer or software issues, an equipment malfunction -- or cash flow problems (investing in your startup with no promise of immediate revenues) or even overcoming your own hesitations about running your own business (that one usually comes with the filing of your first tax return -- or paying your first estimated tax payment -- if you've never been self-employed before).