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Recession Proof Your Restoration Business

Discover practical tips, strategies, and truths to boost your restoration business amid challenging economic times. Learn from success stories and actionable insights for profitable growth. Take away ideas for implementing a new company culture and driving revenue. Develop a proactive marketing plan, maximize relationships, and capitalize on digital advertising for sustainable success. Elevate your restoration business to new heights with innovative approaches and effective marketing techniques.

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Recession Proof Your Restoration Business

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  1. Recession Proof Your Restoration Business Phillip Rosebrook, JR Certified Restorer Phillip@businessmentors.net

  2. Introduction • History and esteem • Success stories - 10&5 and no clue • Prospecting and relationships

  3. Agenda • Marketing Myths • Marketing truths • Planning • Activities, roles and responsibilities • Tips for success • Trends and realities

  4. Expectations • Provide take away ideas that you can implement tomorrow and dramatically impact your bottom line • New understanding of company culture • A changed paradigm for your company • Foundation for profitable growth

  5. Profile in Success • 2 county population 100,000 - 4 hour drive • 3 employees • $324,000 revenue • Several minor competitors • 12+% unemployment • Few skilled workers

  6. Opportunity Knocks • 12 employees • $1,200,000 revenue for 5+ years • Competitors out of business

  7. How • Relationships • Delivered every estimate • Solved problems • Dependable & consistent • Legendary customer service • Performed on every job or made it right • Provided reasons to call not just work with us

  8. Start up • 200,000 population • Branch office established company • Flood cleanup but no new revenue

  9. Progress • 2nd month - $300,000 revenue • 4+ months consistent $300,000 revenue - unknown after that

  10. How • Education • Agents • Adjusters • Problem solvers • Dependable and consistent • Exceptional customer service • Performed on every job • Provided reasons to call

  11. Top Marketing Misconceptions • If everyone else is doing it • It worked in the past • “If I just recover the cost” • All work is the same • I cannot get on vendor programs because I am not a franchise

  12. 10 Marketing Truths • It is easy to get on a program the first time • You need to have production and marketing balance • Marketing is not the sole responsibility of the marketing department • Market all the time to prevent peaks and valleys in work • Marketing should be proactive and planned

  13. 10 Marketing Truths • Marketing results need to be measured • Closing ratios are as important as a good idea • The industry is changing and today’s marketing ideas are different • The marketing budget is finite • Easiest strategy is to increase work from existing clients

  14. Proactive Marketing • What are your company strengths • Start with company goals • Why? • Define marketing goals

  15. Marketing Goal Ex • Total Revenue of $2 million • Water damage sales $500K • Get on 2 new vendor accounts by December • Average 30 calls per month in the first quarter

  16. Strategies • Prospecting • Diversifies contacts and goal driven • Relationship building • Builds volume

  17. Budgeting • Includes • Wages, vehicle, burden, expenses • Advertising and promotion • Events and activities • 2.5-7% of revenue • 2.5% maintain sales and volume • 4.5% aggressive growth • 5+% blow the doors off

  18. Prospecting • Route marketing • Agents, property managers, plumbers, risk managers facilities • Most every 30 days - some 60 or 90 • Ask for one job • Frequency and repetition • Associations • Events

  19. Digital Advertising Ideas • Website • Web optimization • Pay per click • Yodle.com • Use site to drive traffic and accept work • Social Media • Linkedin.com • Facebook.com • Twitter.com • Email newsletters • ConstantContact.com

  20. Prospecting & Relationship • Association Membership and Involvement • Sponsorships • Golf, picnics open house, Lobsterfest or other seafood, boat cruises • Trade show

  21. Proven • Education • Puts you in the position as the expert • If you or staff is not a speaker then bring one in • Brings people to your facility or hosted by you • No commercials • Have managers attend and visit during lunch and breaks • Agents and adjusters • Obtain CE Through state Insurance office • Be credible and crowds will build • Outside groups to bring info and professionalism

  22. Further discussion • Television • Yellow pages • Opportunity cost • Return on investment • Expectations and fit

  23. Relationship Building • Responsibility of all managers • Ask for work • People do business with people they like • Be a problem solver and give people a reason • Daily activity

  24. PM Marketing • 5-5-5 Plan • Be relevant and helpful • Easier the more work you have • Association involvement • Hire sales oriented people • Compensation plan that drives activity • Celebrate and reward

  25. Owner Activity • Schedule and be committed • Weekly activity • Community involvement • Associations attended by executives

  26. More Owner Activity • Key account activity • Business owners • Claims managers • Large agencies • Vendor review • Key metrics • Client satisfaction • Vendor performance

  27. Marketing/Sales Tip • Create a sales-based culture • Set individual goals and Measure every week • Have financial rewards as well as recognition • Hold challenges • At least monthly or even weekly meetings

  28. Marketing Staffing • Follow your budget • Involve your existing management staff • When hiring, match fit to goals • Test for fit • Training is essential • Measure activities and outcomes

  29. Carpet Cleaner’s Advantage • Client database • Magnets - refrigerator and water heater • Post cards and email • Develop a relationship • Provide incentives • Partner with construction only • Most clients not price conscious • Value in numbers for database • An extreme case study

  30. Vendor Program Placement • Not every program is equal • Persistence • Relationship • Agents • Push-Pull • Every job is a trial • Can’t beat em? Join em.

  31. Vendor Program Expectations • Competency is essential and required • Dates and numbers • Consistency • Communication • Program expectations posted and reviewed - be in the top 10%

  32. Market to Your Staff • Subcontractors and staff can be very effective in pospecting • Business cards for all • Staff meetings • Builds moral • Decreases turnover • Improves performance • Increases discretionary efforts

  33. Industry Trends • Consolidation • Increased documentation • TPA’s and vendor programs • Color blind environment • Program expectations and increased professionalism • Margin deflation

  34. Summary • Restoration still a good business • Increasing professionalism & barriers to entry • Marketing focus required • Start with goals and build activities • Be proactive • Sales and service culture

  35. Closing • Effective communication • Involve your team • Be proactive • Balance sales with production capacity

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