How to Master Selling Your Low Voltage Services with John Iapalucci. PART 1 - podcast episode cover

How to Master Selling Your Low Voltage Services with John Iapalucci. PART 1

Nov 07, 202326 min
--:--
--:--
Download Metacast podcast app
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more

Episode description

Send us a text

Are you ready to step out of your comfort zone and learn from the best? Join us on a captivating journey as we get up-close and personal with John Iapalucci, a titan in the low voltage industry with thirty years of hard-earned sales expertise. John lays bare his professional journey, from his time in corporate giants to forging his own path with JPI. He generously shares his wisdom on identifying opportunities, steering towards success, and recognizing potential when it arises. We also delve into an inspiring account of a representative who, through sheer grit and determination, rose to become one of the most successful in the country.

Moving forward, we delve deeper into the art of entrepreneurship through John's lens. He emphasizes the crucial role of customer relationships, explaining the concept of "vertical markets" and delineating strategies for identifying and effectively targeting them. We also explore the importance of making customers feel valued and part of the team. Further, John draws upon his personal failure experience while working for corporate giants, providing invaluable lessons for those contemplating starting their own ventures. This episode is a treasure trove of insights and wisdom - a must-listen for aspiring entrepreneurs and industry veterans alike. Don't miss out on this enlightening conversation with a seasoned industry expert.

Support the show

Knowledge is power! Make sure to stop by the webpage to buy me a cup of coffee or support the show at https://linktr.ee/letstalkcabling . Also if you would like to be a guest on the show or have a topic for discussion send me an email at chuck@letstalkcabling.com

Chuck Bowser RCDD TECH
#CBRCDD #RCDD

Transcript

Selling Low-Voltage Services

Speaker 1

Hey wire monkeys , welcome to another episode of let's Talk Cabling . On tonight's show we're going to do a two-part series on how to sell your low voltage services . Welcome to the show where we tackle a tough question submitted by installers , project managers , estimators , customers , all types of ICT personnel .

We are connecting at the human level so that we can connect the world . If you're watching this show on YouTube , would you mind hitting the subscribe button and the bell button to be notified when new content is being produced ? If you're listening to us on one of the audio podcast platforms , would you mind leaving us a five-star rating ?

The simple little steps help us take on the algorithm so we can educate , encourage and enrich the lives of people in the ICT industry . Thursday night , 6 pm , eastern Standard Time . What are you doing ?

I do a live stream where you get to ask your favorite RCDD your questions on installation , design , certification , estimation , project management , even career path questions . But I can hear you now , but I don't want to crash . Got you covered . They're all recorded and you can watch them at Let'sTalkCablingcom .

And finally , while this show is free and will always remain free , if you find value in this content , would you mind clicking on that QR code right there where you can buy me a cup of coffee . You can even schedule a 15-minute one-on-one call with me after hours , of course , where I'll answer your questions about the ICT industry .

You can also support us by going to Amazon and using our Realtor link there as well , and we're also always looking for corporate sponsorship . So , if you understand , this is going to be an agnostic platform and your company's values are to educate , encourage and enrich the people's lives in this industry , send me a message .

So we're going to start a two-part series on how to sell your low-voltage services .

Now , this is a little higher-end conversation than we normally do on the show , but I have been seeing a lot of questions lately about how do you price this , how do you find customers , and so I figured , while I was never a salesperson , I've always worked around salespeople , so you know me .

I'll reach out to one of my subject matter experts and this particular expert I've worked with for over the last 12 years , but yet this person has over 30 years of experience of selling to the low-voltage industry . So make sure you watch both episodes this week and next week . So welcome to the show , john Apollucci . How are you doing , my friend ?

Speaker 2

Great .

Speaker 1

How are you enjoying the retired life ?

Speaker 2

Oh yeah , yeah , you know , just feel like working for many years , earned it and enjoying it , Yep , and just being able to try some new things .

Speaker 1

So yeah , oh , you absolutely have earned it . That's the fact , because I've known you now for 12 years and I've always known you to be very hardworking , very dedicated , very , on top of everything , you were a hustler .

You were a hustler and when you said you were retiring I was like I don't sound like the John that I know , John , I know he's go , go , go , go go . So for those who may not know you , can you tell us who you are , the company that you ran and just an overview of some selling for your success in selling the Lube Voltage ?

Speaker 2

Yes , my name is John Apollucci . Ran multiple or was in the business a number of years . Started JPI back in 1994 , and ran it for 26 years . Had some partners Todd Loveless and Brad Wilson and we kind of just kept growing the company through just hard work and trying to get smarter at it . So my previous experience was working with some major corporations .

So I guess , kind of to summarize it up , we all start in a position and we just try to continually grow ourselves , learn more , take advantage of opportunities . Sometimes the hardest thing to do is recognize an opportunity when it stand in front of it .

So take opportunities , and I guess the one takeaway that I would have would be don't be afraid to put yourself in an uncomfortable situation . I think that's how we really learn the best , because we find out that things usually aren't what we think they are and we gain confidence and learn through , like I say , putting ourselves in uncomfortable situations .

And then in starting a company , I'd never had my own company and just kind of embraced it . You know , just try to Be intentional about it and and it works out . I think you know , if you , if you put effort into things , you will be successful . And I'll give you a quick story .

Met a guy before I started JPI and he was working for a distributor , their top salesman and Met with him and trying to get him to rep my products . He's I'm not interested in your products . But he took time to sit with me and he said I woke up one day I was the top salesman at this distributor up in Minneapolis and he goes .

I figured out if I work this hard for myself , I had to be successful . And he became one of the most successful reps In the country , a Mike pride . He became very successful and only because he had faith in his own abilities and in knowing his work ethic .

Speaker 1

Yeah , I think you're . I think you're not patting yourself hard enough in the back because I mean , I mean I know you through my day job but you were one of the most successful rep firms that we had , or at least in my footprint .

I can't talk for the , for the other footprint , but you know that that country , but my half of the country , you're one of the one of the most successful rep firms there . So so you can teach you horn a little bit , you can tell people that you know you're good .

Speaker 2

Well , I think we tried to be good . I mean , I think we put effort into it . You know , I would get calls from Todd at eight o'clock at night or or ten o'clock on a Saturday morning and he would say , hey , I got this idea , why don't we look at this or try this ?

And and we really lived it 24-7 , and I think that was probably what helped us be successful . You know , at five o'clock , you know it , we didn't put it down and and that was done . We , we , we really had our heart and soul into it and I think it , if you do that , it will . You will succeed if you , if you really put your best effort into it .

Speaker 1

Oh , absolutely , absolutely . So this whole conversation tonight , john , I want it to be from the perspective of you know the people .

I've got two major tears of audience members in my , in my group , here In my audience , and one of them is a newer up , emerging professional , someone who's an excellent technician , excellent project manager , and they said you know , I want to hang my own shingle . So they're good , technically wise , but they're not so good sales wise , right .

So that's kind of that's how I want to gear this whole conversation . And one of the differentiating factors between good and great companies is Is sales right ? I mean , that's that's , that's one of the key components . If you can't get the work in the door , you can't show them how good you are , quality right . So you know what are some .

What do you think are the differences between the good companies who do sales right and the mediocre companies that don't do sales right ?

Speaker 2

well , I think it's in sales is a big part of it . But I think what happens is you have someone that has technical knowledge . They need to make the transition to become a business owner . And when you become a business owner , you have to handle everything you have to . You know you have to actually be able to do whatever product You're supplying .

You also have to be able to Speak to customers and deal with situations when they happen . You have to be aware of costs . You have to be conscious Are you actually making money ? You know our jobs profitable ? I think maybe that's where some folks in the contract , the business , don't know how they have done on particular jobs .

I have a particular acquaintance of mine that Was building houses and he ran into some trouble and he was asked a question Well , how much did you make on that last house ? And he didn't know . So he didn't know if he was making money , losing money , making a lot of money .

So I would say that if a contractor wants to become his own business and it's Very doable because there's always opportunity for a good company that does something just just be conscious of the numbers for one thing , because without , without the profit , you don't really have a company , you could do the greatest work and everybody in the business love you .

But if you're doing projects and you're not making money , you're not gonna stay a viable company . So know the numbers , know what your sales are , know what you make on particular projects , probably to the penny .

Now you don't have to do that forever because you probably a contractor knows what his fixed costs are , but have a relative idea , at least at the beginning , how profitable your projects are . And I think one of the questions you sent me was how can they be better at bidding ? Well , you have to know . You have to have your own history .

You know what your costs are . Probably they're similar with a lot of things are similar , but your particular situation might have some advantages or disadvantages . So I guess overall , know the numbers for one thing , and then sales . You can't just sit behind a desk and wait for emails to show up or bid list .

Really , this is probably the biggest point I wanna make with all of this is you have a young guys had some experience . Project manager knows how to design or at least put together structure cabling systems . That says you know what , I can do this for myself .

Well , that's great , that's a good start , but he also has to get out from behind the desk or out from the truck and go visit some potential customers , build relationships . You know , there's many ways to skin this cat , but I think we think one is go introduce yourself to every electrical contractor in your area so they know that you do voice and data .

You know , and it's gonna . It might take 20 visits , it might take one visit , but it's a numbers game , you know . Go and introduce yourself . You know , introduce yourself to the distributors .

Speaker 1

I got a question for you . So I know cause I used to be an estimator and I know that cause I always tracked .

I love the fact that you said no , if you're making money or not , because there's a lot of companies out there that will do a bid and then they'll go out and do the work but they're not tracking their material budgets , not tracking your labor budgets , not tracking the other direct costs . In the end of the day they'd say , yeah , we did good .

Well , if you don't know , you made money , that always you say you can't drive a car by looking in a rear view mirror and that's what you're doing . If you're not tracking what you're doing , yeah , you gotta be looking forward ahead , right .

But when I was an estimator , I used to know cause I tracked all my stuff that I knew that in a competitive bid environment I won maybe 10 to 12% of the jobs that I actually priced Right . Sales is a very personal , like you said , get out to know people , right . How much do you think for somebody let's say somebody's making 100 sales calls ?

Of those 100 sales calls , how many of those do you think they're actually gonna get to meet with somebody ?

Speaker 2

Well , I think what happens is a cold cause maybe 25% . You know , I've done many times where I tried calling somebody , tried calling them and one day I said you know what ? I got nothing to lose . I'm just gonna show up at their office and sat down , walked in the door and they said , yeah , he's sitting right here , yeah , he can talk to you .

Some people you're just not gonna get through to on the phone or through an email , you have to physically walk into their office and usually those are probably the best people to work with because they're the ones that are busy . They don't have time for sales calls , they're trying to get stuff done .

So , yeah , I've had surprising situations and walked away with orders just by walking in and seeing if

Start a Business, Build Customer Relationships

somebody's there . So , yeah , so getting back to , you know , somebody trying to start a business , you know , get out there . You know , get in your car , drive around , spend days just introducing yourself to people .

You know , don't be afraid , just just , even if you've never done that before , if somebody says , well , I'm not a sales guy well then , all sales guys , we're all sales guys .

So the first thing , maybe the first rule , is if somebody wants to start their own business , they have to realize they are a sales guy , you know , in some form or not , because you , you know , the buck stops with you and there may be a situation where you have to go and kind of sell your company . You know , don't be afraid to talk to people .

Speaker 1

Yeah , I like that that you said just go visit the people , because the younger generation and this is not meant negatively , just an observation , because I've got six kids that range from early 20s to mid 30s and just from them and dealing with contractors all the time , you know they rely way too much on technology , you know I mean by that I mean phones and

emails , and sales is a it's a it's a it's a relationship . I remember when I used to work for a company once my boss , who the company I was an estimator for he was , he worked as one particular sales lead I mean he took . He would meet this guy once a month .

He said sometimes he take him to lunch , sometimes they take him on these little Johnson stuff like that . He did that for seven years before he got his first opportunity to bid something for this guy and the first thing we bid was a contract that we put 30 technicians on and they were there year round and they were there for multiple years .

So it paid off in the long run . But you know , if you don't put in the time , you don't put the face to face time you kind of rely on , like I said , text messages and phone calls and stuff like that , and there are some people like text messages and phone calls , but most people want to put a face to that it's . It's all about a relationship , right ?

So you said but you know , just go ahead and just go visit , visit . Plus , in sales there's this thing called vertical markets , right , vertical markets vertical markets for those who don't do sales .

What that means is like if I decide I want to pursue only doing work for law firms because I've got some kind of a niche with that , that would be a vertical market right . If I wanted to do only hospitals , that would be a vertical market right .

As a sales person or somebody you know starting a company , what are some good techniques they can look at to identify a good target market and then to follow that question up how would they go find clients in that target market ?

Speaker 2

Well , I guess first of all they have to figure out what that target market is . So I , pretty much , when you're starting a business , I think you have to keep a wide angled view to see what you click with , see what your experience you know is most most successful at . So you know , I would say at the beginning , keep your , keep a wide angle .

And then as you start to do projects , you might all sudden say you know what I got , I've been doing these three hospitals so I kind of get to know that environment .

So then what you do is maybe join some associations you know hospital associations , you know , get back to visit all the hospitals , say , hey , I do work at Duke , I do work at UNC , I do work at Rex , you know , you know , that gives folks some confidence that you kind of know the environment that you're in and that you understand their business . You know .

Really , I think one of the keys to it is make your customer feel like you're part of the team , not somebody that's selling them something . Yes , you know , be part of them . You're there . You're there to help them be successful . Yes , and if you help them be successful , then you will be successful .

Speaker 1

That's . Those are great words . Great words , John .

I love that because , like I said , I kind of said I said it was a relational thing , but you hit the nail right on the head because if they quit looking at you as a salesperson , look at you as a member of the team , they're going to bring you in on communications earlier , they're going to bring you in on opportunities earlier , you know .

And what happens is and again , I'm not really a salesperson , but I've seen this happen at events and stuff where I would see , you know I'd be at like a big event , I'd be sitting at the big table at the banquet dinner , and you're sitting there with you know 15 other people you don't know who might be other contractors , might be end users , might be

manufacturers , and I've seen this more than once where somebody says , oh , yeah , I work for you know we'll pick on hospitals , right . Oh , I work for , you know , john Hopkins . Oh , I work for University of Maryland Hospital , and then boom , you know , and then they say , well , who's doing your cabling ?

I've seen that happen more than once at a big event and so that's going to help a lot . So once what's a good way for now ? You said you know , hey , just go visit people . You know there's good customers , there's bad customers , right ? How do you pick which ones that you want to go meet with ?

Speaker 2

so to make sure that your effort and your time doesn't go wasted , Well , I would say you meet with everybody that's willing to sit down with you and , you know , maybe try to come up with a , a feeling , whether you think you're gonna get some business there .

So if it's somebody you feel like has an immediate need and you can get some traction , then you might want to follow up with everybody you meet with for one thing Send them a note , send them an email , send them a letter and just say , hey , thanks for meeting with me , we're here , this is what we do . But pass that .

If you have a guy that you're , somebody that you've been trying to do business with and you've been there every month for three years , well you probably don't need to go there every month . So your time is valuable , so you probably have to figure how to maximize your time to the potential .

Now , like you said about the individual went there for seven years , eventually got business . It probably didn't make sense for them to go there every other week or every month , but maybe every few months . Touch base with them . One thing I always tried to do is I picked out 100 people and here's 100 people that can change my business or help my business .

I made sure that I contacted them at least on a regular basis , some every week , some every month , some every six months . You don't know , companies change . You call somebody and they go . You call somebody and you be calling them every three months , no business . All of a sudden you call and they go . Well , he's not here anymore . Here's this other guy .

He's taken over for him . Now what can I talk to him ? And all of a sudden you have a relationship with this guy because he knows somebody , he knows you , and all of a sudden you got an opportunity . So don't write anybody off , but learn how to adjust , how much time you should devote to it , but really make sure you are contacting people .

We'd have days when things were slow . Well , that was the day you make phone calls and you follow up on people and say , hey , I hadn't talked to you in a while . Don't be afraid to just contact people . It will surprise you .

Speaker 1

How did you pick those 100 people ? Out of curiosity .

Speaker 2

You just have to get a feeling you know you have 20 of them are good customers or 20 of them are people you know that you know will work with you . So those people you're probably contacting sometimes every day , every other day , every month . And then you have other tier two people that you know hey , he's the IT guy for UNC Chapel Hill .

We don't do any business there now , but there's a lot of potential there . So I want to at least let that person know who I am and if you tell you , if you work every business , I would say you will get some business from at least 60 to 70% of everybody if you put enough effort into it .

So don't write anybody off , say , hey , I've talked to that guy three times and there's no potential there .

Speaker 1

You don't know .

Speaker 2

Don't make those assumptions .

Speaker 1

Yeah , when you mentioned earlier about the , you know where the one person you were you're calling on left and somebody else took their place .

The beautiful thing about that is , if you have a good , a nurtured relationship with that person who left , well , the company they're going to go to , they may bring you an opportunity to that new company , so you're getting potential extra people .

Speaker 2

Yeah , and that has happened to me a number of times , you know , and my wife , my wife was in sales and she had a customer she knew in New York , came down to the Carolinas and said , hey , she did payroll . And she , he called her and said , hey , I know you from New York , hey , I need a payroll .

And it was one of the biggest deals she ever wrote because she had a relationship with the person and they knew who she was . And you know , you just don't make any assumption that there's no business anywhere . There's always business somewhere . It might not be now , it might be never , but it may be in six months , three months , tomorrow , you never know .

You know , I guess in sales you just have to keep going at it . You know , I don't want to say you throwing up mud on the wall , some sticks . I think that's too simplistic . I think you have to have a target when you talk to somebody .

You know my business partner , todd , his theory and it's a good theory is , whenever you have a meeting with somebody , whether it's the first or the hundredth time , always have some homework . And what he meant by that was have a reason to follow up with that person .

Speaker 1

Oh , that's great , I like that .

Speaker 2

I like that . It just keeps continuing the conversation . You know , and one thing else is you have to evaluate what the potential is with a customer , not that you only go for big customers . You know smaller customers are good business too , because they may know people .

You know you eat rabbits , so you need pieces of business that allow you to keep daily business going and then you work the big pieces and that's when you get the big hit . So you need both . You can't just look for elephants . If you go hunting for elephants you're probably going to go hungry . You need rabbits along the way .

Elephant-Sized Business Failure

Speaker 1

And the scenario that I talked about was the guy my boss nourished for seven years . That was an elephant , that was absolutely an elephant . And you know , and , like you said , you know if we waited for that , the company would have gone out of business in that seven years . And they did , we did long before seven years . So that concludes episode one .

I hope you got enough information on that one to help begin your selling process , because , remember , it's a relationship , not anything else . The better the relationship , the better chance of you having selling Until next time . Knowledge is power .

Transcript source: Provided by creator in RSS feed: download file
For the best experience, listen in Metacast app for iOS or Android