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Dr.Thomas E. Martin III, PhD

Dr.Thomas E. Martin III, PhD
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  • Earnings Preview: Wyndham Worldwide [View article]
    It is time we change the company masters mindset in timeshare and Real Estate!!

    "Suitability" Vacation Ownership Example:

    Medical Exam vs. Vacation Ownership Analysis

    Medical Checkup vs. Vacation Ownership Checkup

    Medical History vs Fact Finding
    Symptoms vs Goals and Concerns
    Tests vs Vacation Calculations
    Diagnose the Problem vs Diagnose the Need
    Prescribe Treatment vs Suggest Solutions
    Follow up vs Review

    Vacation ownership professionals should follow the same method of inquiry and resolution as medical professionals.

    * Doctors ask for a medical history -
    Vacation professionals gather facts
    * Doctors observe and record symptoms -
    Vacation professionals record client’s concerns and goals
    * Medical Tests are performed -
    Vacation calculations are performed
    * Doctors diagnose the problem -
    Vacation professionals help determine needs and wants
    * Doctors prescribe a treatment -
    Vacation professionals present a solution
    * Patients return to the doctor for a follow up Vacation professionals periodically review their client’s situation

    Created By,
    Thomas E. Martin III, PhD (09/11/2008)


    INTRODUCTION TO CHANGE

    SKILL TRANSFER LOGIC EXERCISES FOR LEARNING TO IMPACT THE PRIVATE BUSINESS OWNER AND AFFLUENT AND NON AFFLUENT MARKETS.



    This overview is the initial level of the scheme and is very much aimed at the mentors and new hire trainers employed in banking and investments and insurance and real estate and timeshare sic codes.

    AIM

    The outline is aimed at the mentors and trainers who are attempting to market and sell needs based products and services to the private business owners and affluent and non affluent consumers. The logic system aims to provide each new and existing employee with a body of knowledge and practical expertise that has proven to enable employees to progress into the private business owner sic codes as well as reach new customers.

    OBJECTIVES

    1. To give the employee a very basic understanding of the principles on which the logic system is based.


    2. To ensure that the employee understands the principles and fundamentals of the logic system.


    3. Business Owners and Employees will have a full understanding of the safety and precautions when presenting the logic system.


    4. To give to employees a working knowledge of the rules so that he or she does not misrepresent the products and services.


    5. To ensure the employee is familiar with the basic principles of the logic system as they apply to the private industry and affluent consumers.


    BASIC TEACHING PRINCIPLES

    In business training, all mentors and trainers are to an extent teachers and the principle used by the teacher to produce an environment for learning, effectively impart information and produce meaningful and result-producing activity have much to commend them.


    EFFECTIVE DESCRIPTION

    Many trainers and mentors use their enthusiasm to convey their knowledge can easily over-elaborate their description of the business products and services to the public and private sectors. WARNING The enthusiasm as well as the emotion could easily trick the consumers to make an unsuitable purchase based on the consumers monthly budget.


    RE-INFORCEMENT AND ENCOURAGEMENT

    Nothing puts a new hire and existing employee off more than being told, “Don’t do this, or don’t do that!” or emphasizing what they are doing wrongly. Be a positive mentor or trainer and back this attitude up by positive re-inforcement – “Do this, and do that,” is much more encouraging and confidence building for an employee. Put emphasis on what they are doing correctly. Praise brings far more results than criticism.

    Example: REAL ESTATE & TIMESHARE VACATION OWNERSHIP POINTS (SUITABLILITY MATCH/FIT CLOSE NEW SOLUTION PRESENTATION).
    1. Meet and Greet
    2. General Warm-up (Break the Pact)
    3. Specific Warm-up
    4. Overview
    5. Trouble Shoot for cash flow problem areas
    6. Demo Budget
    7. Demo Cash Flow Management skills toward ownership
    8. Asset – Liability = Net Worth ( DEED Vs. RECIEPT )
    9. COnservation of Net Worth + or - = Personal Choice.
    10. Demo Timeshare Points lodging ownership plan.
    11. Rent Vs. Own use Life Expectancy Chart & CPI Inflation Chart
    12. Commitment = Break The Financial Hardship Cycle.
    13. Suitability Close =Match DEED or UDI to the consumers Budget. This system protects the consumers as well as reduces the loan default rates. Find the “set point” budget number for the consumer and help the consumer work upward as time moves forward. CHANGE=The current mentors teach reps top heavy emotion selling techniques. They teach the reps to sell from the top loan package downward! We must change the system in order to stabilize our economy!!!

    … 2006 Copyright@Martin Consulting DBA Thomas E. Martin III, PhD
    Oct 13, 2008. 04:36 PM | Likes Like
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