How To Increase The Bottom Line on the Golf Course with FairwaysRM - podcast episode cover

How To Increase The Bottom Line on the Golf Course with FairwaysRM

Oct 03, 202345 minSeason 18Ep. 915
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Episode description

915: The saying goes; “contracts don't get signed until the score card does.” Like golf, conducting business on the golf course is a skill that needs to be fine tuned for true success. Joe Canfield of https://www.fairwaysrm.com/ wants you to be aware what successful business people already know. It’s all about relationships. In this episode we discuss myths and tips on how to make golf work for your business, no matter what level of skill you have as a golfer.
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Transcript

I think the thing that people really get caught up on is feeling like they have to close a deal before the eighteenth hole's done. So what happens in that scenario is you end up just pitching for four hours, and so the people that you're with, they're not gonna want to go out and play golf

with you again. If that's what happens. Everybody sat through a time shared presentation and you know, maybe you get a good gift at the end, and the gift and around the golf is getting out of the office and playing golf. But if you're just pitched to for a constant four hours and you're not interested in what the person is trying to sell you, it's really easy to just get disconnected and then just leave that round with that taste in your

mouth. What we always tell people is you need to leave your playing partners on the eighteenth hole with an impression of who you are and what you're about and having that strong relationship. It's all about building a relationship and not necessarily about closing a deal when you're doing business on the golf course. Hi, this is run sobody from Westchester, Ohio, and I play at four Bridges country Club. This is Golf Smarter number nine fifteen, how to increase your

bottom line on the golf course with Fairways RM and Joe Canfield. This is Golf Smarter sharing stories, tips and insights from great golf minds to help you lower your score and raise your golf IQ. Here's your host, Fred Green. Welcome to the Golf Smarter podcast show. Hey, Fred, thanks for having me appreciate it. This is going to be an interesting conversation because I've always loved the idea of how do we do business on the golf course?

And you know, because there's there's myths about doing business on the golf's course. And I think that you're going to help us to, you know, identify those myths and debunk them or support them. Right. Yeah, So

tell me about your business fairways RM. Yeah. So I I went to business school about ten years ago, and while I was there, I was playing around to golf with a couple of my classmates and about the fourth tea, I looked at him and I said, why don't we have a one credit hour course that teaches us You always hear, you know, business happens on the golf course. Why doesn't there anything in business school anywhere that teaches you actually how to do it, and so that that thought had been in

my mind for a while. And you know, fast forward, I got into a job doing partnerships and sports and on the university side of things, and I started playing golf with partners, and I had no idea what I was doing. And so I'm like, Okay, there's got to be somebody out here who's put something out that has, you know, put some to a framework together, or at least has tips and tricks, And as far

as I could tell, there was nothing there. So over the last eight years, it's kind of crazy to me that nobody's been able to, as far as I can tell, put the two together. So over the last eight years, while I've been out playing golf with partners and meeting people who have been successful at doing it for business, I've just asked a ton of

questions. I've been reading up on how you build relationships, both on you know, the romantic side and the business side, and figuring out, okay, what works and where, and then going out on the golf course and doing it myself. And so here we are, eight years later. I've built the training that I take people through that teaches you really how to how

to do it, and so it's it's been a lot of fun. I've been playing the game since I was I was seven years old, and you would think with that kind of experience, I would you'd be a natural fit to do it for business, but it really wasn't. And it's it's definitely a skill that can be taught and needs to be learned by a lot of

people. Just fascinating that you identified it, that you realized. I love the idea of a one credit course at least one credit, but is that come out of that come out of the physical education department or does that come out of the business school? Right right? My original thought was always, okay, you do you know, half in the classroom talking through etiquette and how and when to bring up business and things like that, and then the

other half is actually going out and learning how to play. I always tell people, and I think one of the themes of your podcast is is really you don't have to be great at golf to have fun of doing it right. And I always tell people too, because that's one of the things that people kind of miss as they always will say, well, I'm not good at golf. I don't want to go out and embarrass myself in front of somebody. I don't know that fell worth And that's fine, that's a legitimate

concern. But at the same time, it's like, nobody's good at golf. You know, even the pays hit that shots all the time. No one's good at It's it's an impossible game. So I say that to people all the time. They oh, I suck at golf. I said, everybody sucks. Everybody. I mean even the best players in the world are complaining about a shot they missed. Exactly. It's at to tell people,

I'm like, yeah, you want to at least be competent. You want to be able to get a ball on the green within six to seven shots. And I've been teaching a little bit of golf here and there, and so that's something that I've tried to bring into it as well, to not only make it a little bit more fun for people to go through a corporate training, but to help you build that skill because really part of doing business on the course is having confidence, right, being confident in your ability to

have a good conversation. And if you're focused on how bad you are at the game or how terrible you're playing, You're not going to have those kinds of conversations and the level of conversation that you need to have to start building strong relationships. Right, But what do you have when you started this company? How long have you had this company? Now? I've been running it for about a year now. We've been doing testing and all that kind of

stuff. We launched an online course just about a month ago. But we've been doing corporate trainings for about a year now. But you have a job as you're starting to do this or this is your life right now? No, I still work full time. I do partnerships and development for the University of Utah. But I mean, ideal scenario, I'd love to jump in to do this and teach people how to way golf. And I do think it's a marketable skill. I Mean one of the crazy things was, you

know, I was coming out at business school. I'm a twenty three year old kid, and I'm the only one who played golf in the office, and so all of a sudden, I find myself playing golf with people that are you know, the head of marketing of multinational corporations and CEOs of companies

in the valley. And you know, I'm sitting here as a twenty three year old kid, and the only reason I'm in that scenario is because I played golf, right, And so it's something that I wish more people would pick up when they were younger, right, and they were able to use it. And people ask me it wasn't really a marketable skill. I go,

well, yeah, I think it is. You know, I've been able to get to where I'm at in my career because I've been able to use it and have had an audience with people that I would never have in any other scenario. And you've probably played some pretty fun courses. We've we've been some fun places, yeah, we've and you get to write it all off. So yeah, exactly where's the downside here? Right? I mean, that's the dream. I Mean one of the things that I've been fortunate

to do. One of the corporate trainings we did was actually up abandoned dudes, and that was that was incredible. I'd never been before, and I mean I think you could spend you know, years there and not get bored

that places is incredible. But taking a partner up and getting letting them experience that and then having that experience with somebody else, Like, that's a relationship that's never going to die, even if they move on to another another company or whatever, Like, you're always going to have that connection once you experience something like that. Oh especially if you have a budget to do that and

someone else is paying for it, Oh my god. They Yeah, if it was on their diamond, mightbe not so much, but they would still be some good memories there for sure. No no, no, no, You're you're trying to get clients. You're trying to close business, so you got to take care of that. But still absolutely go into places like Bandon Dunes as people. People do it all the time. I mean, it's obviously it's high ticket type sales. It's relationship based sales. It's not necessarily

you're selling them a software package or something like that. You know, it's the industries are typically you know, banking, insurance and kind of high end types of you know, vcs are taking people out. There's a few groups here in Utah where I'm based that you know, they load up people on a private jet, they go fly out, they play golf for a couple of days, and then they come back and that's how they that's how they generate their business. And I think it's lost on people like how valuable that

actually is. They see the cost of it and they see the expense, but they don't understand the value of having strong relationships and how much easier it is to do business with people that you like and you've already built that relationship with right, Yeah, exactly. My son works in private equity and so he gets taken to a lot of great courses and every year they've got a group of like twenty eight guys that goes up to hand. Yeah, that's

incredible. Yeah, and it's like, oh, okay, I mean, like he had an injury, so he hasn't played in a number of months, but right before the injury, he was in Ireland with nine guys, you know, I mean, and so and I'm just like playing munis locally and it's like yeah, no, Dad, I'm not. No, it's not the same thing. Yeah, not the same thing. Not the same thing. No. So, when you talk about teaching golf, are you talking about the mechanics of golf? Are you just talking about doing business the

mechanics of doing business on the golf course. So yeah, it's interesting enough. You know, the original idea that I had was to combine both because I do believe that you need to be confident enough in your golf game that that's not what you're worried about when you're out playing, you're able to play. And so I'm doing both. So what a typical training looks like from us is we spend two hours in the office with you. We talk through

when we go through a number of exercises. We work on understanding the value that you per bring to a round a golf because once you've understand the value that you can deliver to somebody else, that confidence level just shoots up. Right. You already know, okay, great, I know exactly what I have to deliver. My invite's going to be succinct, it's going to be great. I know I know how to get somebody out of the course.

And then we talk through golf etiquette, because that's another big excuse people use, is I'm not good at golf, and then I don't want to embarrass myself by breaking some of these unwritten rules. And everybody who's in golf knows that, you know, etiquette is subjective, and some people do things front than others, and so we cover a lot of that stuff. And then the next day what we do is we go out on the course and I

teach a swing lesson. We go through everything from putting. We start with putting, go to chipping, pitching, full swing, and then drivers. And then we sit down and we have lunch, and then I saren you lose, to go play eighteen holes and put into practice what we talked about the day before. Fascinating. Fascinating. You know, you talked about how golf is supposed to be fun even if you you're awful. Let me just say, golf gets more fun the better you get, so it's worth the

effort if you have the right attitude. Though, if you had a bad attitude, it's never fun. It's never fun. And if you keep blaming yourself, it's like light not up. Okay. I told guy, a friend of mine, we were playing a week or so ago, and he started yelling at himself, and I said, don't talk to my friend that way. I listen, we're gonna take a time out. We're gonna be back right after this. Joe, there's gotta be a number of rules and

myths about doing business. On the golf course. Do you have your own list, do you have your own way of approaching those things? Yeah, I think the thing that people really get caught up on is feeling like they have to close a deal before the eighteenth holes done right, And so what happens in that scenario is you end up just pitching for four hours and so the people that you're with and they're not gonna want to go out and play

golf with you again. If that's what happens, everybody sat through a Timeshare presentation and you know, maybe you get a good gift at the end, and the gift and around the golf is getting out of the office and playing golf. But if you're just pitched to for constant four hours and you're not interested in what the person is trying to sell you, it's really easy to just get disconnected and then just leave that round with that taste in your mouth.

What we always tell people is you need to leave your playing partners on the eighteenth hole with an impression of who you are and what you're about and having that strong relationship. Right. It's all about building a relationship and not necessarily about closing a deal when you're doing business on the golf course. That comes after. Right, We really believe in the value of relationships and the power of building strong relationships because at the end of the day, we do

business with people that we like. It's whether that's right or wrong. That's how it happens. Right, you need something done, you want to be able to pick up the phone and call somebody that you know is going to be able to get it done for you. So what we teach is how to emulate those values through around a golf that's going to leave that person feeling like, Okay, I need something done. I'm going to pick up the phone and I'm gonna I'm gonna call Fred because I know that he's gonna be

able to get it done for me. So that's one of the big ones is it's not about closing deals, it's about building relationships and then the deal comes later. And what about That's awesome? That is absolutely fabulous. I love that. What about Somebody once told me in an early episode that you don't do business on the golf course, which is basically you're saying, is you learn about whether or not you want to do business with that person absolutely

on the golf course. Because of character, and golf exposes character. Yeah, I actually I just I just posted this the other day on our LinkedIn page. But there's a stat that was that came out. It was a study done. It was as a survey sent out to Fortune five hundred CEOs, and fifty four percent of them said that they believe that the way someone conducts themselves on the golf course is the same way that they conduct themselves in

business. Yeah. I want to say that the other forty six percent don't want to admit that their poor behaviors affecting their bottom line. And so that's so true. You learned so much about somebody, and so in a scenario that you're not going to get in a conference room, right, you've broken down so many barriers through golf. That's a more casual setting, Like you're going to have more conversations based around personal things. It's not all business.

And you're sitting on the same playing field too, right, Like there's always you're taught in negotiation courses in business school that where you sit in the room is important. On a golf course, Yeah, you can set up the golf carts in the right way and you can drive and there's a few little nuances that you can do there, but at the end of the day, you're both playing the same course. Yeah. What about gambling on the golf

course with somebody you're trying to do business with. Yes, gambling always enters the conversation when you're playing golf, right. Yeah, I'm a big fan of playing five bucks, you know, never big money. I you know, if you're and not jumping into it right away either, if you're playing with somebody for the first time, I highly advise against gambling with them.

Yeah, that's probably good idea. Yeah. And then the other this is another myth too, that is people feel like you need to make that person win so they feel good about themselves. I don't agree with that. Good for you because you do too. Yeah your game, Yeah, play your game and and show that you are a person of character, because I think letting somebody win is almost a form of lying, right, It's like I'm sand Baggett and I'm going to do what i have to to make this person

like me instead of just being a likable person. But yeah, I'll play five dollars a side here and there, and that's always fun and it's a good tool to use when you're playing with people of very different abilities. So you know, I'm a fairly good player. I'm a low single handicap, single digit handicap, and I'll play with a lot of guys who are higher

handicaps. And what we'll do is we'll play two month scamples, right, and we'll put me with the person who's not of great ability, and that helps them feel better about the day because they have a chance to win something. And you build good camaraderie that way. With the team meet with a team game as well, like you're showing teamwork and you get to learn more about how somebody responds in a team setting too, right, Right, that's

interesting. Letting somebody win is like lying. It's so powerful and so true. Great, great approach. You mentioned LinkedIn that you you did a post on LinkedIn the other day. Have you found have you for your company that one social media element is better than the other for what you're trying to to expose? I think for me, yeah, LinkedIn has definitely been the place to be just because of the nature of what I'm talking about and what we're

teaching. It's very business driven, very business focused. LinkedIn is used by a lot of people for sales, and so they kind of see what we're what we're talking about and kind of get into that. Okay, great, Yeah, I'm good at the online you know, lead generation or whatever it is. Now I need to actually start putting stuff into practice. I need to get that in phase per you know, one on one interaction. And

so yeah, we've we've found some success there. You know, I think Tiger just came out that there's a video of Tiger that was posted the other day about swing tips on YouTube. You said, quit watching YouTube and just get out there and start hitting balls. And I kind of agree with that a little bit, where you know, the other social media platforms will lean into kind of these swing tips and and things like that. Well, there's some great stuff out there. It's really hard to build a complete swing on

on YouTube tips along. That's why you needed this podcast, yeah, right, just to remind you that, you know, the swing is not the whole thing, right, I mean, it's it's it's being on the golf course, it's learning every shot, it's there's and it's not beating yourself up as we talked about already. Yeah, what about other rules and myths that you like to present when you're talking to a group. Yeah, I think

golf etiquette people make way more more complicated than it needs to be. And so what we really talk about is there are three things that you need to make sure that you're following every time you're on the golf course, and the rest of it is all subjective. And those three things are not creating a distraction while somebody else is hitting, so you hear don't talk into backswing. But that kind of extends to don't make it, don't you know, distractions,

movement, shadows that all that kind of fun stuff. Don't open a bag of potato chips and start chumping on right on, silent, not vibrate, so you don't hear it. Right, That's that's playing a theme song to some movie. Right. The second one, it kind of extends into the into uh, not creating a distraction, but walking in people's lines on the green that one should go without saying that one's pretty obvious anybody not to

everyone. Yeah, I know, I see it a lot. I play with a lot of people, and then you're kind of like, what, really, I'm working with my six year old on it. He's getting better, he has he has a pass. Yeah, that's right. And the third that we really stress that I think a lot of people miss is cell phone use. On course, I think that that takes you away from what

you're trying to accomplish. It tells people that I would rather be anywhere else but here because this phone call is coming in and talking through those types of things. Being present in the moment, I think is is That's the third thing that we really hit on with golf etiquette is is if you can do that, don't cause distractions, watch where you're walking on greens, and be

present. All the rest of it's going to fall into place. I've got a friend who is on his phone, like when other people are hitting at the te box and there's four guys standing there and this guy's just on his phone checking Twitter or X or whatever the hell it's called, and then you know, checking to CV, he's got any messages and texting people. It's like, am I here with you? Are? Like? What R? Why are you doing that? It's like I find it distracting when somebody else

is on the phone just to themselves. But I feel like, if you don't want me, you invited me to your club, if you don't want me to be exactly well, and you run into other things. I mean, you were talking earlier about about your son playing all these incredible golf courses, and some of those will have rules against even having your phone out right. And I've run into that before, where you know, the Sali Country Club. Here's a nice club, and they're a tuck in your shirt and

wear a belt type of club. And there's people that don't understand that. It's not something that's commonplace, and especially for some business people that don't play golf very often, like they're not going to know those kinds of things.

Yeah, So that's what we tell people that too, Like if you're inviting somebody to a nice club, make sure they understand the rules before they get there, so they're not embarrassed before you even hit a ball right right, And you know, and some of those rules are archaic, and some of them are a stuffy and and a lot of them give golf a bad reputation. I really believe, why would you. I mean, okay, I won't wear cutoffs, but why do you care if my shirts tucked in?

Right? Really? Yeah? And then there are courses they have rules where cell phones are not allowed, but cigars are yep, exactly. I find that really interesting. That's like, oh, okay, you know. The thing of it is, there are all these strange rules, there's all these things that don't make a ton of sense to a lot of people are outside

of the game. But if you look back at it and really kind of go back to the roots of golf, it's all rooted in respect, right, respect for the game, respect for the course, respect for your playing partners. And that's why all these little silly rules exist. You know. One that that I've picked up on a little bit later in my life, and I think somebody down in the South for this, is always removing your

hat when you walk into the clubhouse. Right, That's something so trivial, and I've never even thought about that throughout my life, you know, especially at the at the end of eighteen holes and it's been a hot day and you've got terrible hat hit exactly, don't You don't want to take the hat off. You don't want to, but it's a sign of respect. And if everybody's doing it, they've all got messy hot hit. Right. It's

not the thing that you should be necessarily that worried about it. And you know, after the round, you're sitting in the clubhouse having a drink, taking your glasses in, your hat off and setting on the table. Shows Hey, i'm here, I'm present. I want to have a conversation with you. I'm not ready to just walk out the door. It's the same thing as being on cell phones. I've got a follow up to that that we're going to talk about, but we're gonna take another break. Come on

the back. Okay, I've got one for you that you know. Where does this fall in the whole etiquette thing. Having a speaker hanging from your golf cart playing music that can be heard over three different holes. This is when we actually we do address Oh good, because that one kind of makes me crazy. It's like put on hat phones, man, Yeah right, you know, it's it's becoming part of more, part of the game, more and more, and you're seeing golf manufacturers actually build equipment. Bushnell has

their speakers, and you're seeing it more and more. And our take on it is this is where one of those personal preference things. This is where that kind of gray area etiquette fits. So I always say, find out the preference of your playing partners. Right and figure out how they want to manage that. And then if they do want to play music, or they are playing music, make sure you're not playing it loud enough that other groups can hear it. That's not that's what you just said, Like you don't

want to hear that three holes away. I'm not a big fan of music on the golf course, but I'll tolerate it. It's fine as long as it's my group and we're aware of what's going on. I was actually playing in an amateur tournament about a month ago, and the two guys that I was playing with like, you care if we listen to music, and I was like, I don't love it, but I also don't mind. Just

keep it low, right, And so it's one of those things. It just depends on your personal preference, and it's becoming more and more part of the game. Just don't let it distract the entire golf course. That nots frustrate me, and I think it frustrates a lot of people. Oh yeah, It's like when you're driving down the street and somebody's got the music is it going in their car? Right? That you're like, where's that coming from? Wait? Wait? What am I do I need to pull over.

It's like, you hear this thumping in the cars bouncing, It's like, can't you just listen to it in your golf cart? That's fine? Yeah, yeah, And then when you walk up to the green, Please, if you're listening to music while we're on the green, why don't you put it on pause. So we kind of back to causing the distraction.

Right, If it's a constant noise, Like if you're on the course and there's construction happening, you're not going to be mad about the tractors over there making noise because it's a constant noise, and so it's less of distraction. You're not focused on it. But like if the song's changing or it's cutting in and out and it's doing these things, it's too loud or things like

that, that causes a distraction. Right, So as long as you can make the music part of the day, part of your ambient noise, then it's not necessarily a distraction. That's kind of the way that we look at it. Oh, talk about distraction. I was watching the Tennis US Open and during the women's semifinals, somebody got up to go to the bathroom. And the camera picked up on the guy and was watching him, and everybody

stopped and stared at him, and he's like, oh my god. They're like and then the announcer, you know, the stateiument o, can you please sit down? I got a piece you cannot be in between during a point. Yikes, it's still funny. Yeah. If you've played tennis, you know it's the same thing, right, right, exactly. So let's get back to your business and and how more people can get involved. I'm curious when you go and pitch your business to a corporation, take me through

that. Tell me, let me hear your pitch. Yeah. I mean I covered a little bit of it with just my own personal experience with with golf and how I've been able to make it a marketable skill for myself as much as you know I have. I have a background and graphic design too. That was my first job about of college. I did design work, so I understand how to do that. I think golf can be almost that same thing, where it's this is a marketable skill for somebody. When I'm

talking to corporations, it's all about Look, business is changing. It's more relational than it's ever been. You need to start building strong relationships, and using golf as a tool is something that anybody can learn how to do. And so let's start working with your sales team, get them off of the phones and get them actually in front of people building relationships, because that is

where your business is going to thrive. Yeah. Yeah, And are you finding that you're doing less and less face to face business pitches and do it more? Like what we're doing here is looking at each other and talking. It's not as much as it was obviously two or three years ago. And I've always you know, one of the on our online course we actually go

through this. We have five levels of communication, starting with cold email outreaches all the way into playing golf with somebody, And every level you go up, you're building a stronger relationship. You're creating an environment to share more about yourself and to learn more about the people that you're trying to work with. And so if you're missing out on those face to face opportunities, you're spending

a lot of time spinning your wheels, especially with cold email outreach. I mean, I know we're here today because of a face to face interaction I had with one of your friends, right, And it was because we were at a conference together. I went up and said and introduced myself. Hey, I'm Joe and I happened to be speaking at the conference and I shared a little antidote that he resonated with and he came up after and said,

this is awesome. I'd love to talk to you more about it. And so doing more and more of that type of stuff is it's less effort and it's a lot higher return from what I've seen. Yeah. Absolutely, Okay, let's talk about what you're training that you do offer at Fairways RM.

You have a variety of trainings that you do. Yeah, So we do kind of what I've explained it a little bit with the we sit down, we do a two hour seminar, go through some workshops, and then we get on the golf course and actually learn how to play golf and then put into practice what we talked about. That's what we are kind of bread and butter is it's a quick, you know, two day type training. We also do some one on one coaching that helps people understand the value that they

can bring to a round of golf. We go through creating an actual value statement for you. We help you craft a pitch for how to get somebody on the golf course, and then we go through these etiquette things. We go through how you should be acting on the golf course, the values that you should be emulating. We have a set of fifteen values that you can emulate through a round of golf. And what we typically do is we have somebody to do a self assessment on themselves of that Okay, I'm great at

doing this, it's this and this. I'm very honest, I'm good at you know, I write down the right score every time, those types of things, and then we pick three or four of those things to work on and I'll go out on the course with you and help you understand when what situations you can start to emulate those values and how you can work that in. And then what we do is we work on follow up as well, because that's really where the business happens. Like we talked about the golf,

the round of golf is all about building a relationship. And then afterwards is where you're going to actually close the business. And there's some tactics and things that we teach and help on that end as well. Now, golf business, let's say is a twelve month a year engagement. Golf isn't necessarily twelve months a year. Like you're in Utah, you probably don't get to play golf twelve months a year. No, I'm fortunate that Las Vegas is only

six hours away, so I'll jump in the car and head down. So what about those people who don't get to play golf all year long but still would like to use these methods to improve their business? Yeah? Yeah. One of the like one of the things we've been talking about a little bit is it is relationship based, right, and so even though you can't golf all year long, you can build relationships all year long. You have that you've built you've played golf. But yeah, we do have some online courses

that we offer that you can do during the winter. And I love to say, okay, let's get you going through the winter, so when spring hits and all those scramble invitations start to come in, you're ready to go. We do some corporate retreats as well. We mentioned Bandon Dunes. We take groups up there and you can golf year round up there. It's always sixty degrees and usually rainy. You're windy, but but it's Yeah, it's one of those experiencedas you got to have. But yeah, that's a year

round place. We take groups down to Las Vegas. That's a year round spot, and I really like to use that off season is kind of your your training, Like, let's let's start doing that. And then the other thing that we've been able to utilize too is the assimulator business that's grown like crazy out here in Utah. A new one's popping up every day. Yeah. I live in a little town about forty five minutes from Salt Lake of about fifty thousand people, and we have three of them in our little valley.

So it's wow, they're all over the place. They're jump, they're popping up everywhere. And that's something that we've been able to utilize as well. So not necessarily out on the course, but we can do swing lessons and we can go through all of the workshops and things that we have in that setting as well. Are there businesses that don't work for what you're trying to achieve? Have you come across a business that you're going, yeah, you know what, you're right, this is not the right Yeah, I

mean for you, it could work for anybody. Right. It just depends on your as long as you have sales and market. It depends on the on the I mean ticket like that, how much you like what your product is, and you know it may not be the best thing for you know, a software as a service type company that's selling you know, one hundred

dollars licenses or things like that. But for higher ticket items it's great because you can go spend you know, two hundred and fifty dollars, three hundred dollars entertaining three people for four hours explaining what your product is, and if that helps you close a three million dollars sale, then your cost of sales

was like nothing, right, right. And that's something that is a little bit of a learning curve for some companies because they look at it and go, well, I don't want to go spend three hundred dollars on one round of golf. That doesn't seem worth it to me. But I don't think that a lot of people understand exactly how much value they're getting out of that

four hours. Interesting. Interesting, We're gonna take one more time out check out what's going on this week on golf Smarter Mulligans, and then we'll come back and continue our conversation with Joe Canfield talking about fairways RM. This week on Golf Smarter Mulligans, we bring back like a fascinating conversation with golf course architect Tripp Davis in an episode we call how the PGA Tour impacts golf course

design. The excitement level on the PGA Tour in terms of the number of players that golfers around the world can identify with and or it excites new people into the game. It certainly doesn't hurt I think from a golf course construction perspective. You know, in general, I think what it does follow more so than anything, is the economy. The last boom really prior of the late fifties early sixties, was in the twenties, and they're in another economic

band in the United States that timeframe. Actually, you know, we had Bobby Jones and Walter Hagen and so forth. But you know, if you look at the period in the thirties and forties and even early fifties when you had Hogan and Sneed and mister Nelson, there was a broad interest in the game following those guys that you didn't see much in the way of golf course development specif the economy, what do they get? Why did you refer to

him as mister Elson and the other guys by their first nap. You'll have to check out episode two hundred and thirty one of Golf Smarter Mulligans to hear his response, Part one of two featuring golf course architect Trip Davis on our sister podcast, Golf Smarter Mulligans, being released this Friday morning. Originally published

in February of twenty twelve. So if improving your game with Golf Smarter only once per week isn't enough, then don't miss the chance to get two episodes every week with golf Smarter, the golf podcast that focuses on how to improve your game, not what's happening on the tour, and Golf Smarter Mulligan's episodes from our archives that revisit the best of Golf Smarter. They're both available for free from wherever you're listening right now, Joe, Not all businesses are generating

sales in the millions of dollars. They're they're companies that have smaller Maybe they're being core by vendors who want to You know, if you have a retail business or something. But what are the type if you want to take, you know, treat a customer to to a golf trip. Right, you guys have played once before locally, you I played another time. You're really enjoying each other, You're seeing that you're getting closer to closing something. You

can really bring it up. What are kind of trips that work? Yeah, golf trips slash business outings. Absolutely, Yeah, it depends and it'll depend on how serious of a golfer that person is. Right, But okay, any anybody's gonna love and invite to a place like Bandon Dudes, they're gonna love and invite out to you know, Qua or any of these places that are these golf resorts that have hosted types of tournaments that are kind of cemented in golf lore if you will, you know, if you follow uh

it's the golfer's journal. They are always putting on events that these courses that are that are just incredible. Some of them are exclusive. They you know they're exclusive clubs. But you know, take a look at you know, Golf Digest put top one hundred golf courses. Anybody's gonna love an invite there and a lot of These places have been built around the idea of stay and play, and when you're not playing, there's things for you to do.

There's places for you to go to dinner, there's other activities and things like that, and these types of things that the golf trip you always leave those with incredible memories. Whether whether you're the one paying for it or not. Obviously it's it's better if it's being paid for for you and you're you're out there having a great time on somebody else's time. You know, I always

appreciate that. But even when you're hosting somebody, you build these memories with them, and you build these relationships that make it so that the business comes easy. They're ready to go. They understand you, they know you as a person, they know that you're going to be able to come through for that in any type of situation. These are things that we always look at

when we're doing these golf trips. If you've got a company, a small company, large company, retail, whatever it is, should you have a percentage of your marketing budget set aside for golf? Yeah? I mean any company will know what their cost them sales is right and right if you can take I always say, look at where you're spending money and where it is

productive. Right. You know, a really good online advertising campaign is going to get you about a ten percent, maybe a five to ten percent conversion rate, right, Whereas a golf trip you take eight people out, you can probably jump that up to seventy eighty percent on your conversion rate. Wright.

Because you've built these closed, face to face relationships, you've had the time to sit down and like talk through a lot of the issues that may come up, right, And so it's so much easier to have those in person, face to face conversations. And when you're on the golf course, one of the things we talk about is how to bring these kinds of things up without making it feel salesy. Right, Where can I add value for

you? Let me listen to what this person has to say, so I know that when it comes time to do business, I can tell them exactly the value that I'm going to deliver and how it's going to fix their pain points. Right. It's no longer a generic message that you hope gets in the front of the right person. You know that the message you're sharing is getting in front of the person that needs to be in front of Yeah,

yeah, so wow, I you know, it's true. You're really going to look at the percentage of what your sales are, you know, and what you've put into it. It makes a lot of sense to do it that way. Yeah, I mean. And another crazy interesting stat that we've come across when doing all this is that people have found that it's up to twenty five times more expensive to generate new business than it is to maintain current clients. And so when you think about it in that realm, you're going,

Okay, if I can make it. Only if I can cut that number in half by taking people golfing, taking people on golf trips and retreats and things like that, you've already saved the money, right, And it's hard for businesses to wrap their heads around because it's the savings over over generating revenue. It's a lot of business leaders and a lot of accountants CFOs they have a hard time seeing the cost savings versus bringing in actual top line revenue.

Right, yeah, absolutely absolutely. How do people find you and what do you base your fees on? A percentage on the size of the company or do you have flat fees? How do you work this? Yeah? So if we're doing a retreat, it depends on the location obviously that will vary a little bit with that, but we can do those stars at only two thousand dollars per person. You can come out here to Utah. We play beautiful golf courses like Soldier Hollow Wassatch Stay in Midway, Utah, which

is just a beautiful area. We also do them down in Las Vegas over the winter. We utilize a golf course called Angel Park down there, which is fantastic. They've got two eighteen whole courses. They're beautiful practice facility, awesome people and people like Vegas. Let's let's not lie here, yeah right, exactly, it's fun. We're looking for an excuse, yeah right.

And then we do some one on one coaching and that's we have four and eight week courses and those are between four and eight hundred dollars, so it's

all really affordable. You get some one on one time with me. And then when we do come to companies, it just kind of depends on if we're traveling, what courses we're utilizing and things like that, so varies a little bit, you know, and if you're in sales, it doesn't matter what your product is, and most likely you're going to be selling something different

in five years than you're selling today. You know, if you're a salesperson, you do sales no matter what your product is because you understand that sales is relationship based. Yep. Absolutely, So it may be the type of thing if you're a salesperson, it may be the type of thing that you want to look into taking these courses and getting a fuller understanding of what you can bring to the table as a salesperson to wherever you're working. Yeah,

Like, like we said, it's a marketable skill. It's it's marketable just as graphic design and anything else is in our opinion, And for anybody who's hesitant, they don't want to get in and spend the you know, eight hundred dollars to go through a course, we do have online courses that started at forty bucks a month. There you go, and so that's a good way to just get a start and to get an idea of what it is you would be learning from us in person. Yeah, get your toes wet

absolutely absolutely well. Okay, so how do people find you? So it's all at our website just Fairways, RM dot com it's all on there, and our online course went live. We're actually working on another one right now. We talked a little bit earlier about gambling, but we're building a guide to games and gambling that we're going to be putting on there here pretty soon. So wow, we're hoping that that will be a hit. We think it will be. I mean, I know a lot of people have questions

around it, but that that one's gonna be fun. Yeah. And social media if we want to follow you guys have Fairways RM on Instagram. That's the only one we really utilize as far as that goes. LinkedIn is Fairways Relationship Management. Ah, so that answers my next question. What was our m Yeah, yeah, relationship it's a mouthful, so we decided to put it together. We'll just go ourn that works. Fairways RM Relationship Management. It's a it's a great idea, it's a great service, it's a great

conversation. I really appreciate you coming on and talk to me to day. This was a lot of fun. Thank you, best of luck. Yeah, thanks for having me. This is no pleasure. It's always it's always fun to talk golf, no matter who it's left. So this has been fantastic. I do want to thank and welcome this week's Golf Smarter Ambassador, Ron Salvati from Westchester, Ohio. Ron wrote to me asking about Tony Manzoni's video, and instead of purchasing it, he received it for free by calling

our toll free Golf Smarter listener line and recording this week's show open. You can too, and when you do, you'll have a choice of a free gift. Check out today's show notes to see more and links about each gift you have to choose from, whether it's Tony's video, a box of Odin X one balls with a Golf Smarter logo, or a glove and glove storage

compartment from Red Rooster golf dot com. So when you write to me with a question, comment, or a suggestion about future guests, don't be surprised when I ride back with an answer and my pitch to open a future episode. Right to Golfsmarter podcast at gmail dot com, or click on the Hey Fred button when you visit Golfsmarter dot com.

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