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John: How are you doing?
Michael: I’m doing very well. Just getting ready
to tackle the day.
John: You’re down in San Diego, right?
Michael: Yes, I’m in San Diego.
John: You had mentioned to me that you had some
products that you had taken to retail.
Michael: Yes, for 10 years I’ve been
manufacturing pens right out of my house. When I
say pens, I started . . . I had developed a pen
that detects counterfeit currency. You swipe it
across the bill, and if it turns yellow it means
the bill is good; if it turns black, it means
the bill is bad. It’s basically a starch
detector pen. I didn’t invent it; there was
another person who was marketing it and I was
looking for new products. This was eight years
ago, and I figured out how to make a pen without
any machinery and I started selling those. Then
I branched off and developed a pen that removes
redeye from photographs and sold those to over –
I’m in over 1000 one-hour photo labs and camera
stores all over the country and in different
parts of the world, too. It’s a great little
business because the margins are incredible. I
can make a pen for 17 cents and I wholesale them
by the hundred for $1.50 a piece. So there’s
real nice margins, it was a business I could
operate out of an apartment. I could then
control all the manufacturing right out of a
one-bedroom apartment. Since then, I’m married
with kids, and have a house, but I still operate
the pen business. And then I moved on to another
pen . . . you know, just different markets.
Different pens that solved different problems in
different markets. It’s all the same. The only
thing different was what goes in it and the
problem it solved. You see? So I did that and
that was my bread and butter. Then I wanted to
learn how to market my pen business better and I
got into studying marketing. That’s how I got
into the seminars and stuff.
John: How does your program exactly work?
Michael: What I wanted to talk to you about . .
. first of all, I was wondering if it was OK if
I recorded this conversation.
John: Uh-huh.
Michael: OK. Then what I wanted to know is what
are your goals? What do you want to do? That
we’ve got to be clear on. You said that you have
people coming to you and wanting to know how you
. . . wanted to learn about your story . . . and
your friend said you should stop giving this
stuff away for free. So, a light went off in
your head, and you’re saying to yourself ‘OK, I
don’t want to give this stuff for free and I
want to sell this information’. So I want to
know what kind of ideas are you kicking around
in your head that you want to do.
John: Well, I had mentioned to you that Harvey
Brodie (?), who’s an acquaintance/friend of
mine, who is a professor at USC and also UCLA in
regards to marketing classes. He’s in his early
70’s, owns four or five companies that have been
very, very successful, was financially secure
quite some time ago, but decided he liked
continued work. Like I said, he had several
products and . . .
Michael: Now I know who he is actually.
John: We’ve gotten to know each other because
I’m working on a project right now for a company
called Hampton Brinks. He mentioned to me … He
said ‘John, you give all this information away.
These are why these companies are coming to you,
these people are coming to you, because you’re
just like handing it to them.’ So, he had given
me a phone number and that’s how it led to you.
At this point, I developed a product about four
years ago, from inception. I worked with Dupont
and all the R&D, because all the products I
managed to get into Home Depot immediately.
Michael: What’s the product?
John: It’s a dry film lubricant. It works … it’s
actually … the polymer itself, the lubricant
itself, was developed by DuPont at the request
of NASA. It’s used on the space shuttle to
lubricate the breakers, and this and that. It’s
completely dry and has a very low coefficient of
friction. Once you put it on, it can last up to
three years.
Michael: It’s like a powder?
John: No, it’s not a powder at all. It’s
actually a polymer. Comes in an aerosol can and
there’s a delivery system in an aerosol can,
once it’s delivered, the delivery system
immediately dries off within a matter of seconds
and leave the polymer behind.
Michael: So is it kind of a WD40, but a dry
version?
John: Well, WD40 is not a lubricant. WD40 is a
petroleum product. This is not a petroleum
product. It’s like Teflon. It’s completely
clear; you can spray it on a piece of glass and
you can’t even see it. But yet if you spray this
in the tracks of a window or a key way, or a
lock or a hinge or whatever, it will immediately
stop squeaking. That window will move 50% easier
for up to three years.
Michael: What’s it called at Home Depot?
John: It’s called Easy Glide RD50.
Michael: Easy Glide RD50.
John: It’s been in Home Depot Stores. What
happened is, my product retails for $5.97. The
margin that Depot works off of is 43%. So,
they’re making about $2.50 a can. WD40, who is
probably my largest competitor, and I say
competitor – and I’ll explain that in a minute –
their product sells for $1.76 and Depot makes 17
cents. Granted if you sell 100 cans a week, or
125 cans a week, at 17cents, we could go to
McDonalds and have lunch, whereas, if they sell
100 cans of my product, they make $250. So,
immediately what happened, management – either
store management or division management –
recognized the fact that that, yes, WD-40 is
selling ahead of me. They’re selling 120 cans a
week. I’m only selling 60 or 70, but the 60 or
70 at $2.50 far surpass the profits of selling
120 cans of WD-40. So, immediately they marched
me up to the front of the stores – they give me
what they call end-caps which is at the end of
the aisles – 4 feet wide. We designed a wire
type thing we call a shadow box, holds 150 cans,
got POP all over it. Our sales have continued to
grow over the last four years. In fact, our last
six months have all been record months, right
next to each other. What happened a year ago,
Depot does not like single skew vendors.
Michael: What’s a single skew vendor?
John: A vendor that only supplies one product.
Skew meaning a stock-keeping unit. They look at
companies and say we’re buying 100 different
items from this company. So, they’ve got 40
different, or 20 different items. Like spray
paints, or whatever it might be, but there’s
several skews to that company that they place
orders for. They don’t like companies that
supply only one item. It costs them just as much
to do paperwork and cut checks and everything
for a one-item company as it does a 100-item
company.
Michael: Now, at what point were you made aware
of that?
John: Depot went to a company by the name of
Pimeline out in San Bernardino. They did about
$40 million/year at Depot. They have about 180
skews in each Depot store. If you go in a Depot
store, maybe in the hardware section, and you
see where all these parts are for replacement
parts for sliding glass doors, screen doors,
door viewers . . .
Michael: I know exactly what you’re talking
about – there’s a red packaging . . .
John: They have about 180 different items in
each Home Depot store nationwide.
Michael: So, Depot went to them and had them
give you a call to buy it out. And that’s what
happened?
John: Right.
Michael: So, Depot said you may want to check
this product out. We’d like you to handle it.
It’s this guy’s only product. They gave him the
numbers. This guy could see that it was a
moneymaker and then made you an offer.
John: Exactly.
Michael: So, you sold it out to them . . .
John: I sold it out to them. I am the manager of
that division of the company. I actually bought
the company, which was called Easy Glide
Corporation.
Michael: Are you under contract where you have
to work with them?
John: No.
Michael: So you could walk away from them and
never worry about it again.
John: Right. But I do get paid a royalty over a
period of 10 years. And I get paid out my – the
buy out – over a period of five years. But I do
work for them and I’m paid a salary. But like I
said, what happened is in my travels, as people
have gotten to know me, business acquaintances,
and so forth, everybody’s question was how did
you get this in the store, how did you do this?
How did you not only get it into the store, how
did you get it in end-caps in the front of the
stores? How did you get 11 different locations
in the stores? Who came up with the packaging?
Who came up with the marketing plan? How do you
improvise all this? How is all this kept in
order? Where do you find service companies?
Where do you find sales reps? If you want to get
into Home Depot, who do you call? That’s the
biggest thing.
Michael: What are some more questions?
John: Just a lot of those types of questions
where some guy’s got some little widget –
whatever it is. It could be a great product. He
has absolutely no idea. You just don’t go to the
front door of Home Depot and say ‘Here’s what
I’ve got. Can I put this in your stores?’ It’s
very involved, but yet it’s very simple.
Michael: So what you did with your product and
your success story is you taught the little guy
and they had a product that the market wanted
and would sell, the little guy could basically …
I don’t want to say get rich overnight because
it sure wasn’t an overnight process … make some
good money if they could do what you did. Can I
ask what … I mean is it private information …
what you ended up selling it for?
John: Ah, no.
Michael: I was just curious.
John: The royalties over a period of 10 years
are substantial. Let’s put it that way.
Michael: Could it make you a millionaire?
John: It very well could.
Michael: Great. Okay, continue …
John: The money portion to me was not the big
incentive(?).
Michael: I know, that’s irrelevant. With
entrepreneurs like us, it’s irrelevant. It’s the
game.
John: It was walking into Home Depot after I
left their offices – walking into their stores a
month later – and seeing my product scattered
all over the store. That was the highlight.
Michael: Now, you did everything – you handled
all the marketing, the POP, all that.
John: Everything.
Michael: That was your responsibility.
John: Everything. Develop the product. Literally
took the pictures that are on the can and all
the POP for the different uses, developed the
displayers . . . everything from A to Z. I was
pretty much a one-man operation.
Michael: And as a wider rule, with Home Depot
you can’t . . . you’ve got to know what they
want, don’t you?
John: Right.
Michael: So, all these questions that you’ve
just given me are things that would be included
in a course on how to do this. How to get your
product into Home Depot and possibly make a
million dollars.
John: Not necessarily Home Dept. It could be any
…
Michael: Could be Lowe’s, could be Depot …
John: Ace Hardware, Best, True Value; I just got
the product into the fishing industry. This will
probably be one of the biggest things that hit
the fishing industry in years because in a
fishing business, there’s 100 companies making
lures that they say will catch a fish better. Or
this hook is better, or this reel is better. We
introduced the product to the fishing industry.
I hired a gentleman who’s a two-time world
champion fisherman. He is a spokesman only
because of all the people he knew. It was like
hiring Tiger Woods to sell your golf clubs. His
name is Dan Kadoda Dan is also a manufacturer’s
rep. He works for – are you a fisherman?
Michael: No, I’m not.
John: Well, he works for Shimano, the largest
fishing reel manufacturer in the world. I also
met his brother who owns the other half of the
company, which is all of the bicycle derailleurs,
all the bicycle parts, all made by the same
company. This is who I hooked up with. He also
reps for Loomis, which is like the Mercedes of
fishing rods, which run from $300 to $600 each.
Michael: How does this benefit a fisherman?
John: What they do is they spray it on the
reels, they spray it on the line and everything,
it enhances tackling. It has been tested by
several people that write magazine articles for
fishing type magazines and what have you in
regards to protectant qualities of the product.
I’ve got editorials that people have written
that have been testing the product for quite
some time. It resists any kind of rust or
corrosion. It acts as a line dressing and the
lines don’t crack. All in all, it has a lot of
attributes and a lot of benefits where fishing
is concerned.
Michael: How did this all start with this
product? How did you get involved in it? Were
you the one who originated it? Explain the . . .
John: I was in the aluminum extruding business
and the plastics injection molding business. My
business was - the last 30 years was – you’ve
probably stayed at hotels where the drapery rods
that are on the ceiling that the draperies
travel on, they have that little wand that hangs
down and you pull the drapes back and forth –
well I was the manufacturer of all the component
parts. I extruded the aluminum, manufactured all
the plastic component parts that went into those
traverse rods, and my customers were the Hyatts
and the Hiltons and the Mirages, and the list
went on and on and on. Shipped over 15, 20
thousand feet a day of just drapery track. I was
looking for a lubricant that could be sprayed on
drapery tracks – that the drapery tracks could
be treated to ease the operation of these
drapery rods. The easier they moved, the less
people jerked and pulled on the draperies and
did damage to the draperies. So, I was
originally looking at Teflon. But, of course,
Teflon has to be put on at 400 degrees, and you
can’t put something on plastic at 400 degrees –
you’d melt it. So the long and the short of the
story was I worked with DuPont and there was a
product out there that was developed for NASA –
a lubricant product that was completely
odorless, wouldn’t leave any stains, resisted
any kind of contaminants. All the attributes of
the product were perfect for this type of
application.
Michael: Did DuPont own it?
John: DuPont manufactures the polymer only.
DuPont doesn’t manufacture any actual products –
finished products that are sold retail. They
only manufacture . . .like for instance,
carpets; they all advertise with Stainmaster by
DuPont. Well, they offer the yarn or the polymer
that’s used in the polyester carpet. They do not
actually manufacture the carpet.
Michael: What is a polymer technically?
John: A polymer is the chemical name for it is
PTFE, it’s a very long chemical name. What it is
it’s a synthetic. In the barrel form – the raw
form – which I purchase the product, it almost
looks like a Vaseline or a paste. This in turn
is diluted with different types of solvents and
everything to bring it down to where it can be
put into an aerosol can. The solvents are
nothing more than a delivery system for the
polymers.
Michael: I’m with you.
John: If you were to take the polymers and just
put it on your fingers, in a matter of seconds –
once exposed to the air – it complete just
completely dries out.
Michael: The polymer does.
John: Right. It dries to a solid state. And
leaves a coating similar to what would be on the
bottom of a pot or a Teflon pan.
Michael: I’m with you.
John: But Teflon, of course, is put on at 400
degrees. It’s a coating that’s used for
anti-stick. So, that’s basically a . . .
Michael: Alright, so that’s how you were
introduced to it. You worked with it, you
developed it, you got it in a can, and you
brought it to light.
John: Right. At that point - once I had the
hotel industry interested in it, and this was
something that we coated our tracks with and
advertised it, that our drapery tracks were
coated with this. Once the industry got a hold
of the fact that these tracks worked so much
smoother and reduced drapery damage by people
pulling on the drapes themselves, we became
specified as … in other words, Hyatt for
instance, would when building a new hotel or
renovating a hotel, and it included replacing
the drapery rods, and on their spec sheet to
their suppliers would say the only tracks that
would be accepted were by TBS (?), which was my
company. We therefore came out with an aerosol
can for aftermarket. In other words, if you had
a hotel that you wanted the drapes to work
really well, spray it in you locks or hinges or
bi-fold doors, or dressers, track system, or
anything that moved in the room, but you wanted
it to be completely invisible, no odor, and no
anything. Anything that you could make work
easier would alleviate John damage. Because you
know people in hotels.
Michael: Right. There’s a lot of drapery damage.
When these things get stuck they rip the drapes.
Is that a big problem with drapes?
John: Oh, yeah. Definitely. One of my key
businesses was also the family drapery business
for the hotel industry for 35 years. Our biggest
threat were these people who came in and yanked
on the drapes. Anyhow, when I took over the
company, I wasn’t really all that interested in
the sewing business as much as I was in
producing tracks and all these systems that went
out to these hotels worldwide. We did projects
all over Guam, and all over the Orient. It was
quite a lucrative business. It did very well.
Michael: That’s interesting.
John: But anyhow, so …
Michael: Now let me ask you. You sold the
company – the Home Depot version – are you free
to market this product to other industries. Like
this product you’re introducing to the fishing
industry. Are your hands not tied with the
company who bought it from you representing Home
Depot, or are you free to market to other
markets as you did with the Home Depot?
John: No, they own the product.
Michael: They own the product. You’re doing
marketing to the fishing industry, but they own
it.
John: Everything I do is through Primeline
Corporation.
Michael: Okay, got you.
John: We got into the automotive industry; we
got into the marine industry. We found out that
if you paint this onto the bottom of boats that
algae wouldn’t stick to it, barnacles wouldn’t
grow on it – a lot of different benefits as far
as the product was concerned. But it enabled me
to expand my marketing ideas, which I really
wasn’t able to do as a single owner of the
company because you’re involved in the
day-to-day operations everyday.
Michael: Yes, you’re running the business.
John: It didn’t matter how well we were doing –
if we wanted to introduce a product to the
fishing industry – okay fine it’s going to take
us $50,000. Well that’s the $50,000 we made in
the last six months. We were constantly pouring
the money back into it fast as we could make it.
Michael: Have you ever invented or developed
stuff – well you had the drapery rod business –
but this was the first thing you really invented
totally new and got to market?
John: No, I’ve done several things.
Michael: You’ve always been entrepreneurial.
John: Pretty much. I’ve had several products
that I’ve taken to market that have gone to the
masses. I have several – two or three – that
I’ve sold and licensed out which I receive
royalty checks for each month. Some of them are
so unrelated; you wouldn’t even believe that the
same guy that did this, did this.
Michael: Well, tell me just one.
John: One of them was a product called Sports
Seat. And what it was is it’s an inflatable,
it’s actually one piece but it joins in the
middle and it was like an air mattress type of
theory but very, very thin of course.
Michael: And that’s much better than the
Styrofoam ones, the ones that are squares and
you have to carry the whole thing.
John: Oh, yes. They are really comfortable to
sit on. It protected you from the cold if the
seat was cold or was concrete or whatever.
Michael: That’s great. So, you invented that?
John: I came up with that. We private labeled it
to Kodak, Sea World. It was a give away at the
Indy 500 by Kodak. We sold them as an
advertisement for Oscar Meyer. We made the thing
look like a package of hot dogs. What I did I
ended up the biggest customer really was from a
premium business to the stadiums. It was a cheap
enough item to where every game was like okay,
today’s bat day or cap day or whatever. So, this
was sports seat day.
Michael: That’s great.
John: So, what happened, a company from Anaheim
came to me and they asked if they could buy the
license for the product. They were in the
premium business. I developed the thing for
whatever reason, I was on the telephone with my
brother one evening and we started to talk about
something and the next thing I know, I’m talking
to some company in Taiwan who is sending me
samples for whatever reason. So, that product
has gone out of my hands. They have 100% license
agreement for the product. And I get checks
every month. So, that and like I said, I had
done other things. I have some packages of items
with my name that I had developed and patented.
Most of the time and most of what’s happened is
I end up selling the company, just selling the
license of that product.
Michael: Right. You get bored and you want to
sell it and move on to something else.
John: Just move on to something else for
whatever reason.
Michael: So, what do you enjoy doing most? Are
you now at the point where you want to help
people, teach people what you’ve done and help
them have some success? Like if you could see
down the road that you’re going to be spending
so many hours a day, obviously, you could do
more marketing of the your product to others
markets and have that company handle all the
details of the business. And I don’t know what
your arrangement is, what they pay you for
handling additional sales of what or you could
create your own product and teach people how to
do what you’ve done and have control of that
product and make everything. Where do you most
enjoy your future time spent?
John: The marketing concept of everything. In
other words, developing a product, developing
the packaging. I know where the contacts are.
Most people have a product, but they don’t know
how to get it. For me, it’s just the opposite.
The work is in developing the packaging so
someone will pick it up. Developing how it will
be marketed in the stores. Once all that’s done,
the easy part is getting it into the store.
That’s a piece of cake because I know where to
go and how the system works and what they want
to see. You have to understand what people want
from this product. In other words, just going
there, and putting it on a shelf at ankle height
and hoping somebody is going to pick it up,
it’ll never happen.
Michael: If you know how to introduce a product
to the Home Depots and these stores, are they
hungry? Are they looking for new products that
will make them money?
John: Oh, definitely.
Michael: They’re just waiting for someone to
come to them with something already done.
John: Definitely. I’ve got my second product
going into Home Depot, which is probably going
to be within the next 30 to 60 days and this is
1,400 stores. First time orders are just
overwhelming. And I’ve got endorsements from
magazines and professionals. So, that to me is
developing all these different areas of
marketing as far as endorsements and exposure in
the stores; not so much actually getting it in
there.
Michael: Well, developing an information product
is no different than what you’ve been doing. If
you want to create an information product that
you can market and sell to people who want to
learn to do what you’ve done, people will pay
for your expertise. Imagine if you went to the
Home Depot buyer and the Home Depot buyer gave
you a list of 20 people trying to get their
product into Home Depot but are just so clueless
they don’t know how to do anything. Home Depot
gave you those names and you contacted them,
introduced yourself and told them your story of
what you’ve done and you have already gotten a
product into Home Deport. You’ve been through
the trials and tribulations and you’ve created a
course that walks them through everything they
need to know to get their product in Home Depot.
These people will pay you handsomely for it.
John: Oh, yes. Well, for instance, today I have
a meeting down in Mission Viejo with a gentleman
who has a particular lighting fixture. And I saw
it three months ago and it’s a great product. I
studied the existing products on the market.
There’s nothing like it. Cost wise it is priced
extremely below market, which would really make
it attractive on the consumer level. In other
words, we’re not competing against the same item
or an item similar to it for $44. There is an
item there for $44 and ours is $16.95 and it’s
much more handsome. So, I saw a lot of potential
in it. I’m meeting with him today. Here’s an
exact example of what I’m saying. This man came
to me and said, “John, I’ve seen your stuff in
the stores.” And we got to know each other and
at the same time he became a customer for
another product. He actually buys my lubricant
and he privately labels for an entirely
different industry. It’s in all the Michael’s
stores. But he and I got to know each other and
like I said, he has a product and said, “Do you
think we can get this into the stores?” And I
said, “Sure, piece of cake.”
Michael: Are you going to help him out for free
or are you going to charge him something?
John: Well, up to now everything has been for
free. I get two or three phone calls from this
man a day. We’ve had several meetings. But until
I can actually see where this thing is heading,
I’ve already shown it to people, this is what we
can do with it. Now, let’s talk about what I can
get out of it. This is all great and fine. I
love walking away from a guy in his office
that’s next door to my favorite bakery. There’s
all kinds of things where this is fun, but at
the same time I enjoy getting those checks every
month from these different companies that I’ve
done business with.
Michael: What are you more interested in,
learning how to structure a deal when you talk
to these people or do you want to sell a
physical information product Eventually you can
only meet with so many people everyday. And you
certainly can’t do it for free every day because
you’ve got other things you could be doing that
will make you money. So, you could leverage
yourself. Instead of meeting with these people,
if this guy had your entire course, whether it
was audiotapes, manuals, whatever and he had all
that information in front of him, he wouldn’t
have to meet with you. Now, may be can meet with
you over the phone for a consultation, a
30-minute consultation; but only after he has
gone through your course. If he had your course,
he’d have everything he would need to get his
lighting product into Home Deport, wouldn’t he
if you laid it out for him?
John: Right. And I did. I spent all day Sunday
and laid him out a six page this is what you
need to do from A to Z.
Michael: That could be part of your course. So,
what I could help you do is kind of give you
guidance in developing and creating an
information product. And then you have your
tangible product. And instead of selling to Home
Depot, you’re going to be selling it to people
like that lighting guy or people who are
interested in knowing how to get their product
in the Home Depot. And I’m sure with your
contacts you can find plenty of people like
that.
John: Who typically is your audience?
Michael: My audience? My audience is marketing
people; students of marketing. I have a wide
range. But it’s a very high caliber, high
educated, motivated group of mainly businessmen
all over the world. They are entrepreneurial who
are running companies who are selling
information products, who know how to market or
are learning how to market. They all study the
same people. I buy and resell hard to find Jay
Abraham seminars. And he is the number one
marketing guru in the world. And people who
study stuff have a huge edge over the average
people who don’t know how to market. And that’s
my clientele.
John: You mentioned doing something on
audiotapes or whatever. How is this distributed
and there seminars involved?
Michael: No, there’s no seminars. I do audio
interviews. I’ve been recording everything we’ve
been saying. You can go to my website and I’ve
got all my prices up there. An audio interview
to promote your product or service of website,
it’s $1,295. So, basically I could take the hour
… well I don’t think we’ve been talking quite an
hour, we’ve been talking probably for 35-40
minutes. And you’ve said a lot of information,
great information about you, your product—that’s
very exciting. It gives you credibility that you
laid out when you said people come to me and
they ask questions about how do I do this, this.
You rattled off almost 20 different questions,
which is a great outline for course. I’ve
captured it. I’ve got it all here on audio. I
would take this audio and have it transcribed.
And as you were talking, it wasn’t like you were
sitting down trying to write a sales letters.
You were just talking to me one on one and
you’re uninhibited. And it was flowing. So,
we’ve captured all that on audio. Now, I can
take this audio and edited and edit out all the
junk and may be like the stuff we’re talking
about right now. And you’d have a very powerful
lead generating tool to sell yourself, to sell
who you are, your creditability, your story. You
just gave me your story.
If you had someone interested in learning how to
do what you did, you don’t have to talk to them.
You could take this and put it on audiotape or a
CD-Rom, have just a one-page introduction. Let’s
say you got unlimited leads of people who have
developed products and they want to try and get
it into the large hardware industry or these
type stores. All you have to do is send them
your audiotape for 55 cents with a cover letter,
“I understand that you invented a product. I
know you’ve tried to get it into Home Depot. Let
me introduce myself to you.” Just a cover letter
on this audiotape, “I can definitely help you
get your product into Home Depot. Listen to this
audiotape.” What it is it’s just a tool that
leverages your time. It allows you to generate
leads. Now, after someone listens to that
audiotape, if they’re sold on what they’ve heard
on the audiotape that I’ve edited down and done
with you, they’re going to call you. Or you’re
going to lead them to a more structured sales
letter. Or sales letter will go with the
audiotape about who you are and what you can do
for them; all the benefits and stuff. And then
that sales letter is going to sell them on your
information product, which is A to Z, how you
did it, your story, everything you need to do to
get your product into Home Depot. And you state,
“If you’ve got a product that the market wants,
I’ll show you how to get into Home Depot.” Or,
“If your product isn’t appealing to the market
place, there’s nothing I can do about that. But
I can show you how I got my product into Home
Depot and how I solved all the problems and all
the things that you need to do.” And you can
sell that course for $600, for $500, for $300.
You can test price. But it’s done. I sell
information, books all the time for $375. I had
a guy out of Australia who wants one information
product from me for $500. You can’t put a price
on an information product that’s paper and ink.
It’s worth what someone is willing to pay. And
that’s a beautiful business to be in.
John: This is going back several years, going
back actually to 1978, I was in my 20’s and I
developed a product. Went, unfortunately, and
made a huge mistake, which made up all my
inventory to one distributor back in
Philadelphia, which at the time seemed like I
had found the end of the rainbow. But the
rainbow turned out to be a pot of shit. Any how,
I learned a lot from that. But what I learned
probably more than anything else was the
gentleman who had called me from San Diego and
he was an older gentleman and he said, “I’ve
seen your product and this is my name and I have
developed something and I had it taken away from
me. And I’d like to talk to you.” And he said,
“Could you pick me up at the train station?” And
I agreed to. And it turns out that he is a
paraplegic.
Michael: How old were you at this time?
John: Twenty-six or 27.
Michael: Remind me. What was the product that
you had?
John: It was a product called Key Light. And it
was distributed through Ace Hardware, Pep Boys;
it was automotive related product or house
related product. My life’s dream was to find
something that cost a dollar that everybody in
the whole world could use. Everybody has keys,
lots of them. Key related product. But anyhow,
this gentleman had sat in my office, he was the
inventor of vice grips. He had invented the
tool. He went to Craftsman or Sears. They looked
at it and said, “Well, may be we can do
something, may be we can’t. It might sell. It
might not.” Well, they knew darn well that it
would sell. So, they dangled a carrot in front
of his face, which was virtually nothing and he
went away. They sat on the product for about six
months, developed it into a situation where it
was highly marketable and it became, obviously,
you know what vice grips are. There’s over 270
companies worldwide that are licensed by
Craftsman to manufacture those vice grips. They
still have the patent on it and renew and renew
and renew. So, every time you see vice grips, I
don’t care if they’re at Sears for $10 or a
discount store for $1.99, it’s all on the same
license. This gentleman literally walked away
with nothing only because they said they would
buy it from him but they didn’t know if they
could do anything with it. But they were willing
to throw a few bucks his way. But I learned a
lot from him.
Michael: That happens all the time. Inventors
aren’t necessarily good businessmen or smart
marketers or attorneys or anything. So, he told
you his story of what happened and then he
taught you how to not let that happen?
John: Yes. I learned a lot from him.
Michael: What was his name?
John: I can’t remember. It’s been some time ago,
a long time ago. I’m 57, so.
Michael: He mentored you basically.
John: Yes.
Michael: Were you in touch with him for years
after that?
John: We stayed in touch for a couple of years.
It was a very interesting relationship and we
talked several times on the phone. I know his
first name is Ed but I don’t recall his last
name …it’s like Mathews or something. It was an
interesting story. But at that point, at my
young age at the time and I had hooked up with a
company back in Philadelphia and I can remember
flying all the way back home with a smile on my
face that you’d have to go to the hospital to
get rid of. But at the same time, it turned out
to be my worst nightmare because these people
had me committing to delivery of millions of
pieces knowing that they were never going to pay
me for it. And when they got in arrears as far
as payments, they’re idea was to fly out here
and offer to buy the company.
Michael: Is that what happened?
John: That’s what they did. I refused to sell
them the company. I said, “Look, the company is
not for sale. The patent is not for sale. I just
want to get paid the half million dollars you
owe me plus I’ve got a half million dollars
worth of merchandise sitting in my warehouse.”
Now, bear in mind the company was only five
months old. So, here it is with a half a million
in receivables and half a million in payables
and a half a million dollars in inventory. The
whole thing spelled disaster if they didn’t pay
me.
Michael: Did you have to file bankruptcy?
John: No.
Michael: What happened?
John: I went off on my own and marketed the
product to at least sell off all the inventory I
had. I took all the money I that I took back
from that and hired an attorney to fight these
guys. I sued them. They turned around and sued
me. They hired a high-end law firm out of
Beverly Hills. I had a Santa Ana attorney. The
story got ugly. So, at that point …
Michael: That seems like a big problem. Let’s
say you get a great product like your product
and you got into Home Depot. How do you finance
something like that? How can a little guy with
no money finance products?
John: Well, that’s the other thing, too.
There’s, obviously, financial things that
entered into it. You’re not going to just come
up with something with $10 in the bank and think
you’re going to pull this off. It’s never going
to happen.
Michael: But you can teach people ways around
that … how to get financing?
John: There’s all kinds of ways. And if you get
to the point where, okay, fine, I got this
product, there’s lots of Primeline companies out
there that are willing to take the product, give
you a handsome job, pay you royalties based on
your sales just like I did.
Michael: Everyone’s looking for a new hot
product. That’s the bottom line.
John: Right, exactly. But to make a long story
short, on this other thing, it took three years
for me to get them into court. Any time there
was a court date, it continued.
Michael: What a nightmare.
John: It just about broke me, the attorney’s
fees almost killed me. By the time we finally go
into court, they sent a professional mediator
and he grabs me and pushes me in a conference
room, pulls out a cashiers check for $100,000
and said, “Take this and run because these guys
are going to bury you.” I said, “No, I don’t
want the money, we’re going to court.” I should
have taken the hundred grand. It was bad.
Michael: That’s a great story.
John: And I’ll tell you who the company was.
Michael: Tell me who.
John: You’ve probably had keys that said Taylor
on them. That was the company that did it.
Michael: Called Taylor?
John: Taylor Lock.
Michael: Taylor Lock.
John: They’re out of Philadelphia. They were the
largest manufacturer of key blanks and all that
business.
Michael: Did you have the product created
overseas …it was being manufactured and you
brought it in?
John: I manufactured everything from scratch.
Michael: Did you really.
John: Everything. All the dies, molds, injection
molds. I brought in a couple of loads from
overseas, but we did all the assembly. I had 45
people working for me seven days a week.
Michael: That’s exciting.
John: It was very exciting. The first five
months when they were paying me and the money
was coming in, it was great. But, like I said,
they were a big company, they’re looking at me,
here’s some little guy who’s got us by the short
hairs of the neck because he’s got the patent on
the thing. We can just take it away from him.
How do we do that? Just owe him a bunch of money
and we won’t pay him.
Michael: You were so hungry for the sales and
you were young. You should have said, “Look, I’m
a small company. I work on small margins. If you
want the product you have to pay me up front.”
And, you know what, if they wanted the product,
they would pay you up front.
John: Yes, they probably would have.
Michael: Absolutely.
John: They had me locked in. Their name was all
over my packaging. They were my sole
distributor, which was a huge mistake. And like
I learned from a lot of other people that have
been in business for years and years, don’t let
anybody have more than 20% of your business. You
can always afford to loose 20% but you could
never afford to loose 100%.
Michael: That’s true. Do you have an
understanding of what I may be able to do for
you?
John: If we were to move forward, what would be
the possible potential as far as sales are
concerned?
Michael: Well, I’m not going to do the selling
for you. The potential sales through this
information product, I think it’s absolutely
tremendous. There’s three dreams that most
American people have. One is owning a house. One
is owning a business. And another is inventing a
product and making a million dollars. You’ve got
mailing lists out there of thousands of people
who have registered and filed patents with the
patent department who never … you know the
statistics. I don’t know exactly what they are,
but so few people who file a patent ever …
they’ve got the patent, the tested it, they’ve
got their product whether it’s in development or
whether it’s just conceptual and they don’t know
what to do because they don’t understand
marketing. And you could market to that list of
names. The market of people who need this
service or need this information is incredible.
John: Is this something you do?
Michael: Well, I have a CD-Rom product. My
products that I have, my seminars and materials
is marketing. My products are perfect for those
people, as well. But when you say is it some
thing I do, I don’t understand what you mean.
John: You don’t market these tapes, this is up
to me to do.
Michael: Yes. I don’t do that.
John: Okay, you’re not involved in that portion.
Michael: No. The services I have are up on my
website under consulting services. I can offer
consulting to you. The audio interview, which
I’ve been doing with you I provide that as a
service to nail down your sales message. Your
sales message is the most important thing of why
people should buy your course. That’s the thing.
And once you have that nailed down on audio or
in a sales letter form or on a website; the
message is all the same. It’s just trying to
tell people who you are, build your credibility
and give them reason why they should listen to
you before they make an attempt in getting their
product in Home Depot. That’s what I can do for
you.
John: Now, can they purchase this through you,
also?
Michael: No, you’re going to develop the
product. It’s your product. I just offer
consulting as you would offer consulting to
somebody.
John: All right. I’m trying to get a feel for …
Michael: It’s your product. You’re going to
develop the product. I’m going to help you. It’s
just like you developing any other product.
You’re just developing a product that’s going to
help people get their product into Home Depot
based on your experience. That’s it. It’s just
exactly what you’ve been doing all these years,
but it’s an information product.
John: Right.
Michael: It’s as simple as that. And just like
there’s a market for all your Key Lights and
your other products. There’s a market for this
information product. Now, what’s nice about this
information product is there’s no inventory if
you don’t want it. It’s paper and ink or it’s
audio. It could be delivered digitally. There’s
no investment in warehousing. It can be changed
at a moments notice. The margins are absolutely
astronomical. What does it cost you to put an
information product together? You can put an
information product together with 12 audiotapes
and all your written information for a cost of
$7.
John: Right. So, you just help me develop the
advertising portion.
Michael: I help you create the audio
advertisement, audio brochure. And that’s just
one tool that can be used to generate leads. And
then I also have copy writing services where I
could help you develop … what I do is I take the
transcripts, the written transcripts from what
we’ve talked about or if we did another one, I
take the written transcripts and create that
into a sales letter for you. So, that would be a
piece you could mail out with the audio. And the
sole purpose of that is to get them to buy your
course. And I could also help you develop the
course if you want to do an audio course. I can
help you do that.
John: What experience and background do you have
in doing seminars?
Michael: I don’t do seminars. I don’t have any
experience in putting on seminars. None.
John: Is that something I might look into?
Michael: Putting on seminars is a way to
generate leads for your information product,
certainly. All these people like Zig Ziglar and
Brian Tracy and all these guys; that’s how they
make money. They get people into a room for a
low cost or free seminar. And then they sell
them products in the back of the room after the
seminar. And that’s just one way to do it. If
you like handling events like this and setting
up seminars—you have to advertise and promote
for the seminar. You have to get people there.
And then you can put on your own seminar and
then sell your course there. That’s one method
of doing it. Or you could get on a seminar
circuit and be one of the featured speakers of a
seminar that’s already put together and you
don’t have to screw with all those details. You
can get up and tell your story, your one-hour
story of how you did it and you can pitch your
product. And then the seminar promoter will get
a cut of that. If that interests you and you
like speaking in front of people and you get a
kick out of it, that’s fun for you, you can go
that route. No doubt. There are seminar circuits
all over the country.
John: There’s a company out of Akron, Ohio that
has talked to me a couple of times about doing a
circuit type situation. In fact, they’ve got an
event coming up and they wanted to know if I
would be part of that.
Michael: You want to think real carefully if you
want to do that. Do you want to be flying all
over the country every …
John: Not particularly.
Michael: Then forget it because you don’t need
to do that to get your message out. All that is
they’re putting people in a room and it gives
you the ability to tell your story. Well,
there’s other ways you can tell your story
without you having to go anywhere, without
having to go on a plane.
John: Right. That’s no appealing to me. I spent
too many years doing that.
Michael: Then forget it. You’ve told your story
to me. We’ve canned it and cloned it. Would you
agree that you’ve pretty given me your story?
John: Pretty much.
Michael: And you’ve given it to me in a
compelling way, in an honestly way, genuine.
It’s real. It’s not hype. It’s not fake. People
just want information. They don’t need a dog and
pony show. You’ve given me that information. I’m
sold on who you are and your abilities. If I had
a product right now that I wanted to go into
Home Depot and I was failing at it, I’d hire you
on the sport. There’s no doubt because I know
through your experience and what you’ve told me
and what you’ve accomplished, you can save me
money. And I’d pay you $1,000.
John: And I’d save you a lot of mistakes, too.
Michael: You’d save me mistakes, time and money.
You’re going to give me the roadmap, the map,
the key to doing it because you’ve done it.
That’s worth a lot of money.
John: Like I said, I’m approached all the time.
I have a gentleman that lives in Silver Lake,
California who is retired and moved down here
from Oregon. He’s a retired superior court
judge. He developed a product; I don’t know why
or how he developed this thing. He and I have
talked several times. I don’t know what actually
inspired it. He got a patent on it. And he’s
asking me how do we get this in Home Depot. How
do we get it into all these different mass
merchandisers? I developed the packaging five
different ways. I’ve showed it to a half dozen
people. I’ve showed it to Lowe’s. When I did my
presentation for my product at Lowe’s and I
happened to pull this out of my briefcase and
thrown it on his desk, he immediately pushed my
product aside and said, “I really like this.
This is great. Is this something you’re going to
have soon or what?” That’s all I needed to hear
from him. I said, “I’ll let you know when it’s
going to be available.” I put it back into my
briefcase and said, “Okay, fine, now we need to
get back to what I came here for.” The potential
is there.
Michael: May be you’d be better off instead of
selling an information product marketing
yourself as an expert and then meeting with
people like this. The million dollar question
is, “How do I sell the thing?” That’s all
they’re asking. He’s saying, “How do I get into
Home Depot?” He’s just basically asking you how
do I sell my damn product. So, may be it would
be worth more if you’ve got the contacts at
Lowe’s and Home Depot, which you do, you pick
and choose which products you want to take on
and you take a piece of the action. You take a
percentage of the gross.
John: Well, that’s what I’m doing with this
other fellow today.
Michael: That may be more fun to you and more
lucrative in the long run; that all comes
through positioning yourself as an expert. That
will come. And you could sell your course.
There’s a lot of people who buy marketing
courses who study them for information. Now that
they have the information, they know how to do
it but they don’t want to do it. They want
someone else to do it for them. That’s why
people will call me. There’s a lot of people who
know how to write a sales letter, but they’ll
call me and say will you do it for me. And I
will. I don’t do it cheaply. It’s expensive
because the time I’m spending on your sales
letter is time I could be spending on my own
product. Do you see?
John: Right.
Michael: Certainly you can position yourself as
an expert. You have to pick your niche. Who are
you? You’re the guy, the expert on how to get a
product into Home Depot. And that’s what you’re
selling. You’re selling your credibility and you
have, obviously, a course that you can sell for
people who want to study how to do it on their
own. And you also will have people coming to you
wanting to do it for you and you can do that.
But If they want you to do it for them, you’re
going to charge them. You want 20% of the gross.
And you’re going to pick and choose who you want
to deal with if the margins are there for a
product like that. You’re not going to talk to a
guy who’s going to make 10 cents a unit and ask
for 20% of the gross. You have to find the stuff
that’s going to make you the most money and that
you’re going to enjoy working on.
John: Right.
Michael: And as you get your name in the market
place and increase your exposure to your market
of people who have developed products and need
help getting them into the market, you’ll have
more people coming to you and you get to pick
and choose which ones you want to deal with. And
you may want to choose to work with only five or
six a year and just have a nice life style. And
tie them up in a nice legal agreement, a solid
legal agreement. If you get it in, you make this
much. Just set it up however you want it. That
may be a nice way to go.
John: Are you familiar with the Thomas Registry?
Michael: Absolutely.
John: Is there potential on that?
Michael: In what way?
John: Just gathering information for people that
would be interested in something like that?
Michael: Well, you’ve got a list of
manufacturers in the Thomas Registry. I’m sure
some of those manufacturers, every manufacturer
would love to sell more products. So, I would
say yes. But you just don’t want to go to the
whole list. You want to figure out which
products have the highest margin. You’d be going
to a cold list. I think you may be better off
finding people who are highly motivated. May be
finding more of a target market. There’s all
kinds of markets. If we took your sales letter
and audiotapes and sent it to a list of
manufacturers, yes you would get some response.
You never know who you’re going to get. But I
think it’s too broad of a list because you’ve
got every American manufacturer there.
John: Well, my target, obviously, would be the
small business guy who has some little widget
that would be a great product.
Michael: I think there are lists available of
people who have patented inventions. And there’s
lists available of people …you’ve seen the
commercial ISC, Invention Submission Corporation
with the little caveman and he hits the wheel
with the hammer. Do you know what I’m talking
about? That’s a company that sells service on
how to get your product patented. So, that’s a
national patent company. And you can buy their
mailing list of people who have paid them money.
Not this is a motivate person. Someone who has
an invention has an idea, and he wants to do
something with it. So, he goes to Invention
Submission Corporation and hires them to do a
patent search for $595. Then he pays them more
money after the patent search to do a patent for
them; that’s what they do. And then they pay
more money on a monthly fee to do marketing of
their patent. But they’ll never get their
product sold. It’s a come on. It’s a carrot of
those big dollars that they’re going to get
their product sold to the millions and millions
of people.
But those people have invested money, highly
motivate, disillusioned. You can come to those
people and be their knight in shining armor and
really show them how to get their product into
Home Depot. And you could choose related
products that they have. If you did a mailing or
a lead generating piece, something that would
identify people within that mailing list who may
have a product. Let’s say you rented 5,000 names
from them. And you mailed out a lead generating
postcard to 1,000 of them. Let’s say you just
did a test because you always want to test. And
you sent out a postcard to 1,000 of them that
says, “I know you recently got a patent on this
product. If you are interested in getting your
product into Home Depot or if your product is a
product that could be sold in Home Depot or
Lowe’s, call for my free audiotape or call me;”
a lead generator. That would section off the
people whose product may fit your contacts. Do
you see? And then they’d call you and you could
say, “I’ll tell you what, before I talk to you,
let me send you an audiotape,” and this can all
be handled automatically where you’re not even
in the picture.
John: The audiotape that you’re going to
generate.
Michael: Yes, the audiotape that I would
generate for you. So, they call an 800 number, a
voice mail handles it. The lead is transcribed.
The audiotape is sent out or on a small scale
you could even do it yourself. And then those
people who get the audiotape listen to it and if
they’re interested, they’re going to call you
back. And then you can spend your time talking
to someone who has already stated they’re
interested, they’ve already spent money with
this company. And it’s perfect. You’re talking
to the right people. But you’re only going to
want to talk to people who have raised their
hand and said yes, this is exactly what I want
to do.
John: At that point they could order your
course.
Michael: They could order your course. At that
point they could do two things. They could hire
you as a consultant. You could charge them for
that. They could order your course or with your
course they would get consultation certificates.
Let’s say with your basic course they get 30
minutes of consultation free with you valued at
$500 an hour or valued at $250. With the deluxe
version, for $599, they get two hours worth of
consultation or an hour valued at $1,000. So,
you build value into your course. You see?
Because you tell them you charge money for your
consultation. This guy Jay Abraham, the
marketing guru, he charges $10,000 an hour to
consult with people. He started at two and then
went to three, five, ten.
So, they’d come to you. You could do three
things. You could review what they have. If they
look like they have a hot product and they’re
willing to give a piece of the pie and you
wanted to take that product and introduce it to
your contacts, you can make money on that. You
can make money on consultation fees. You can
make money on selling your course. You can make
money on everything. That would be fun. But you
get to pick and choose through people coming to
you who are qualified.
John: Right. But there’s going to be a lot of
people a little on the edgy side, too.
Michael: Of course. But you know what, you can
weed those people out. You could qualify them in
your voice mail when they call up. Let’s say if
they get the postcard and they’re interested in
getting their product into Home Depot, then when
they call the 24-hour voice messaging system,
you can say this is who I want to call or this
is who I don’t want to call. And you can say if
you’ve got some bozo product or can opener or
something stupid like that, don’t even call me.
You can qualify those people. Don’t worry about
hurting their feelings. And that can all be
developed in the outgoing recording when they
call. So, you want to sift through and really
find qualified people because you’re going to be
spending time talking to these people. But
they’re going to be pre-sold on you already.
It’s not like you’re talking to them for the
first time selling them on who you are and your
credibility because they will have listened to
the audiotape. And you’re already selling them.
They’ve already met you for an hour on the
audiotape. So, by the time they’re calling,
they’re drooling, they’re ready. They’re already
sold or they wouldn’t be calling. Do you see
what I’m saying? That’s leverage. And that’s
what marketing is.
John: Right
Michael: When people go to my website, if they
take some time and read through the site, it’s
all automatic. I’ve got a whole bio on who I am
and my story. They’re already pre-sold. When
someone calls me, they’re ready to buy products.
That’s the bottom line.
John: Interesting. That and there’s a few other
things that enter into this, also. The gentleman
who was President of Makita for 16 years and the
only reason it wasn’t up at the top of the
ladder was because he was not Japanese. He is in
his 40’s and is retired now for some time. Has a
home down in Newport, a 50-foot boat and on and
on and on. He and I had become—I had never met
him—and he and I had spoke on the phone at least
ten times. And these conversations would go on
for an hour, two hours. He happens to be a
personal friend of the owner of Primeline. And I
was asked to call him by the owner.
Within a half an hour he said ‘I’ll tell you
what. I’m going to fax you a list of 10 people
that I’d like you to send samples to.” This man
traveled with a very prestigious crowd of
people, President of Quickset (?), President of
Bosch, sales managers from all these different
companies that normally you would never get to
talk to. You can’t even get their names, let
alone getting samples to them. Something like
that was very interesting to me also because a
lot of these people, if these names could be
passed on, obviously, could be a help. If you’ve
got this product, “OK fine. I know the guy
that’s the sales manager of this company … why
don’t you send a sample.” So there are a lot of
things like that – just like the gentleman had
mentioned to me – like I said, in speaking to
him, and he is somebody who remains somewhat
concealed in Salt Lake City only because people
are constantly trying to reach him. The
President of Makita, he was responsible for
probably bringing Makita into Home Depot and
probably responsible for 90% of the sales in the
United States. So obviously, these connections
are worth millions of dollars. And I know a lot
of people like that also, that would be willing
to look at samples in a serious way. You can
send samples to people, call them back a week
later, and say, “What did you think?” They say,
“Well, it’s still sitting here in a box on the
floor of my office.” That doesn’t do any good.
Or, “I gave it to somebody else.” “Who’d you
give it to?” “Well, I’ll have him get in touch
with you.” And you never hear from them again.
Michael: Well, it all comes down to what do you
want to do. And that’s what you’ve got to get
clear on. I think as a consultant you, should do
fine.
John: So you think this could be a viable …
Michael: Absolutely. I mean, if I asked you do
you think your product was viable when you were
working on it, you would have said absolutely
it’s viable or you wouldn’t have continued. I
feel as strongly that an information product
with your experience and what you’ve done is
viable, as you’ve believe in your product. No
doubt.
John: Interesting. The reason I’ve never thought
about doing anything like this before until
Harvey Brodie keeps telling me to stop talking
to people and stop giving this away. But I never
thought of myself as a marketable product.
Michael: A lot of people don’t believe that
their experience is marketable, but it really
is. There’s no doubt. There is a market for
everything.
John: Well, obviously it was for Primeline
because they insisted I go to work for them even
though I demanded a high salary.
Michael: Yes. People want someone who has done
it and they just want to know how.
John: They were already in Depot. They knew I
came to them with other ideas. I have a line of
ideas that came along behind me. Two of them are
already starting to come to fruition. It’s a
situation where this guy’s already got a company
that’s making money. He can run it. At the same
time, he’s dragging all these other things in
with him. So they recognized that.
Michael: Yes, I mean you shouldn’t give it away
for free because you’re a nice guy for doing it,
but you’re just undervaluing yourself and your
services. You should be charging for this. If
you charge for it, people will respect . . .
they’ll value your information more than if
you’re giving it away for free. They’ll place a
higher value on it and they’ll treat it with
more respect; they’ll treat you with more
respect, and they should pay up. You’ve
certainly paid up through your lifelong
experience. That’s priceless. Imagine if you
didn’t know anything, you could talk to the guy
from Makita Drill for an hour, and you had the
money, what would you pay to talk to him for an
hour?
John: It would be invaluable and very
interesting.
Michael: So, why don’t you think about what
we’ve talked about, go back to my site, and look
at some of the services I have. Or you can come
back to me and say, “Mike, I’ve thought about
it. Let’s do this. Let’s create an audiotape
that will build credibility and have my story on
it.” Then if you want to continue, you can put
together the written part of your course. You
said you’ve outlined six pages to your buddy.
You could use that as part of your course. You
can take all the questions that someone would
want to know – like the questions you rattled
off to me at the beginning, and have that as an
outline of what these people need to know. We
could do an outline. We could do the course on
audio; if it takes 4 audiotapes, 5 audiotapes, 6
audiotapes … then you could have the meat in
your package and we could all the audiotapes and
have them in transcript so you have the beef –
you know, a 3 ring binder will all the
transcripts, with all the forms, with all the
step-by-step things that they need to do. It
doesn’t have to be a huge course. People don’t
place the value on the size of the course; it’s
on the content of the information. Then you just
give them the information that will solve their
problems. Then you can start marketing yourself
as an expert – as a published expert with his
own course. Do you see?
John: OK. Well, you’ve given me some food for
thought. I’m going to … I have not spoken to
Primeline about anything that I’m doing. There
is a contract in existence in regards to
anything that I do or the endeavors that I
choose to undertake. I don’t know if this would
fall under that category or not. I’m going to
need to read all the fine print there. They
pretty much own me, but more from a product
standpoint.
Michael: Well, they don’t own your ideas. You
can’t create any new products?
John: Well, anything that I do will become part
of the Primeline organization. But I think they
are referring more to a product type situation,
not something to do with my personal life, which
is really what this is. It’s kind of a fine edge
there.
Michael: You can just say, “I want to do outside
consulting,” and they can benefit from it
because you’ll be out there looking for new
great products that you can bring to them.
John: That’s what I was thinking earlier.
Michael: That falls within the scope of what
you’re doing anyway. You’re allowed to market
products for them, aren’t you?
John: Yes. I’ve done several things already.
Michael: Good. Well, you’re a good guy to know.
I love developing products and stuff myself and
if I come across one for Home Depot I’m going to
call you.
John: Well, people come to Primeline all the
time and I recently was sitting in on a meeting
with a gentleman who had a – looked like a
plastic 5 gallon paint bucket – and what this
was is it had an electric motor in there and had
a series of filters. The filters were all – this
is for taking out paint fumes, this is a
charcoal filter, this would take out sawdust …
and what this thing did is somebody’s working in
your home … they’re painting . . . or doing
something inside your house … you turn this
thing on and it moves an incredible amount of
air. Very quiet. What it would do is it filtered
out all the paint smell, or sucked up all the
sawdust … with a bucket, with a plug. You just
turned the thing on. He was there pitching this
thing to Primeline and after he left, the sample
was sitting on the conference room table. I
talked to the owner and he told me the whole
thing about it. This guy invented this thing. He
has no idea how to sell it or what to do with
it. It was kind of a neat deal. Only thing was
it was way over priced. He wanted to sell it at
Home Depot for $250. No one was going to pay
$250. If it was $69.95, I could see it. But it’s
things like that that people are coming to him
and I see these things lined up in his office or
in conference rooms all the time where people
are coming to them.
Michael: Right.
John: Ninety percent of them … I was one of them
… but 90% of them end up in back storage room
somewhere.
Michael: Exactly.
John: But it’s interesting how people … it takes
a lot of time and effort to go find a Primeline,
do all these presentations. It’s very
discouraging too. You do 10 of those and walk
away. If the phone doesn’t ring pretty soon,
you’re putting stuff in storage rooms yourself.
Michael: That’s true. People give up too easy.
John: Yes. I just dropped 20 Grand. Okay, well,
it was nice talking with you.
Michael: Nice talking with you.
John: Give me a week or so. I have a lot of
things going on right now so . . .
Michael: No problem. I’ll wait to hear from you.
John: Okay, and you will be hearing from me.
Michael: Great.
John: Take care.
Michael: Bye.
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Hi, this is Michael
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