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Home Builders Association of KY Associates Blog
Friday, March 22, 2013
NAHB Chairman Rick Judson's Memorandum on Tax Reform
Friday, March 15, 2013
Kathy Craven Snodgrass, your 2013 NAHB NAC
Meet Kathy Craven Snodgrass, the 2013
NAHB National Associate Chairman (NAC). This will be the first in the posts of
our 2013 leaders so that all of you can put a face to a name.
Monday, February 18, 2013
Return on Investment For Your Membership in NAHB
February 18, 2013
"Membership ROI CAN Be Measured"
I
recently read an article about returns on investment and it brought my
memory to a place it hadn't been in 25 years of home builder association (HBA)
membership; justifying the cost of my membership to my myself, as an employer,
and then again, as an employee to my employer. Sales & marketing is the area
within your business where HBA memberships and sponsorships come from, therefore
approved. With any sales & marketing initiative, short or long term, dollars
spent have to bring back dollars earned.
The definition of return on investment (ROI) is simple;
"A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio."
ROIs
are sometimes misunderstood or unclear because all factors are not fully
considered or explored.
The below "open letter" is for associates who need help in renewing their dues; it should help your company's decision maker become aware of the benefits of HBA membership. In order for you to know where the ROI comes from an awareness of variables come into play and collateral benefits, a constant variable, should be taken into consideration. These collateral benefits are derived from your financial investment in membership playing a role. The question is "what is that role and does it translate into a ROI for you?
For non members of the home builders association; if you derive any or all of your sales volume from the building industry, the below information should give you enough financial motivation to join by clicking here.
Dear Employer,
The definition of return on investment (ROI) is simple;
"A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio."
The below "open letter" is for associates who need help in renewing their dues; it should help your company's decision maker become aware of the benefits of HBA membership. In order for you to know where the ROI comes from an awareness of variables come into play and collateral benefits, a constant variable, should be taken into consideration. These collateral benefits are derived from your financial investment in membership playing a role. The question is "what is that role and does it translate into a ROI for you?
For non members of the home builders association; if you derive any or all of your sales volume from the building industry, the below information should give you enough financial motivation to join by clicking here.
"An
Open Letter to The Associate Member and Your Employer"
Dear Employer,
One of the most direct reasons why home builder
association
memberships
are dropped is the lack of immediate
business. NAHB estimates that fifty-five percent of new members drop out after one year. One year
may seem like a long time to invest without a
return but I would offer to you my opinion; that year is needed to familiarize yourself with your
investment. To expect any size-able financial return, that you can
actually touch and say "this came directly from my company's investment" may not be realistic. Unless you have a product or service that
has no competitors and is an absolute "must have" for builders and the industry you need to have
patience in the HBA
investment.
During your first year of membership, or subsequent years when you are measuring the HBA's value to your bottom line, there are 3 areas that I would like to highlight for you that will bring you an ROI
During your first year of membership, or subsequent years when you are measuring the HBA's value to your bottom line, there are 3 areas that I would like to highlight for you that will bring you an ROI
3 metrics specific to your HBA investment that you may not be
considering:
1. Member Benefits: Do you fly? Rent cars? Need insurance? Buy computers? Send packages via FedEx? Member benefits that bring you cash back in savings bring you back a return on your investment. Just recently I had an insurance quote given to me from a participating NAHB Members Discount (click here for full list of savings) and the savings would pay for my membership dues 3 years in a row. These are above and beyond what your state or local HBAs may offer as member benefits.
2. Industry Specific Education: your HBA membership has access to some of the top educational programs in our industry that can help you train your sales representatives. Your reps could benefit from training in (to name just a few of many) GREEN/sustainability, aging in place or just to understand the builders' business and how your products or service interact. Whether it's one or two classes or a full compliment to achieve a building industry specific designation, NAHB Education (click here) is there for you as an "in house" trainer." This education is offered to non members, but at a much higher rate.
Training one rep in industry specific education alone pays for your HBA membership and your developing a building industry professional (click here), a major plus for you.
3. Fight for housing > associates who work directly with builders should incorporate into their ROI thought process "if it affects builders it will affect your company's bottom line." HBAs help builders with legislative and regulatory initiatives that help fight for housing. These efforts deliver more units per parcel or bring projects to fruition at a faster pace. That means more immediate sales volume opportunity for you, possibly at a better GP with a pipeline of business opportunities for future company growth. The key word; opportunity.
The HBA investment should also be applied towards the recurring revenue stream from your current customer base and how advocacy helps with that constant stream. The primary focus should be on your customers' and potential customers' ability to buy your product or service because of the HBA's role in the fight for housing.
80% of associates and their employers don't understand how the association's fight for housing efforts have helped with their business opportunities. Your local HBA membership is also a national membership. The following article highlights the national fight for housing >"Reflections on 2012: A Return On Your Membership Investment" (click here)
Your local HBA can share with you their efforts to help grow the building industry specific to your region or within your state. Again,
These above three metrics, that if applied correctly in your sales and marketing discussions, can demonstrate a clearer ROI, one that includes the tangible as well as the intangible. Once you've experienced the awareness of what the above three metrics bring in value, the intangible quickly becomes tangible. HBA dues are minor in the grand scheme of sales & marketing assigned dollars and could be a major ROI for you and your company.
I haven't discussed a fourth metric; an expansion of your sales efforts through social networking and HBA volunteerism, where a massive ROI can take place if your company's HBA representative is integrated properly. There is quite a bit of information to this and if you'd like to know more please click here for detailed explanation.
P.S. What you were originally looking for: Sales attributed directly to your HBA membership. There are so many factors involved ;
Michael Kurpiel, CGA, CGP
1. Member Benefits: Do you fly? Rent cars? Need insurance? Buy computers? Send packages via FedEx? Member benefits that bring you cash back in savings bring you back a return on your investment. Just recently I had an insurance quote given to me from a participating NAHB Members Discount (click here for full list of savings) and the savings would pay for my membership dues 3 years in a row. These are above and beyond what your state or local HBAs may offer as member benefits.
2. Industry Specific Education: your HBA membership has access to some of the top educational programs in our industry that can help you train your sales representatives. Your reps could benefit from training in (to name just a few of many) GREEN/sustainability, aging in place or just to understand the builders' business and how your products or service interact. Whether it's one or two classes or a full compliment to achieve a building industry specific designation, NAHB Education (click here) is there for you as an "in house" trainer." This education is offered to non members, but at a much higher rate.
Training one rep in industry specific education alone pays for your HBA membership and your developing a building industry professional (click here), a major plus for you.
3. Fight for housing > associates who work directly with builders should incorporate into their ROI thought process "if it affects builders it will affect your company's bottom line." HBAs help builders with legislative and regulatory initiatives that help fight for housing. These efforts deliver more units per parcel or bring projects to fruition at a faster pace. That means more immediate sales volume opportunity for you, possibly at a better GP with a pipeline of business opportunities for future company growth. The key word; opportunity.
The HBA investment should also be applied towards the recurring revenue stream from your current customer base and how advocacy helps with that constant stream. The primary focus should be on your customers' and potential customers' ability to buy your product or service because of the HBA's role in the fight for housing.
If you're a company that
sells to both builders and associates, the same
principle applies; "what affects them will affect your company's bottom
line."
80% of associates and their employers don't understand how the association's fight for housing efforts have helped with their business opportunities. Your local HBA membership is also a national membership. The following article highlights the national fight for housing >"Reflections on 2012: A Return On Your Membership Investment" (click here)
Your local HBA can share with you their efforts to help grow the building industry specific to your region or within your state. Again,
These above three metrics, that if applied correctly in your sales and marketing discussions, can demonstrate a clearer ROI, one that includes the tangible as well as the intangible. Once you've experienced the awareness of what the above three metrics bring in value, the intangible quickly becomes tangible. HBA dues are minor in the grand scheme of sales & marketing assigned dollars and could be a major ROI for you and your company.
I haven't discussed a fourth metric; an expansion of your sales efforts through social networking and HBA volunteerism, where a massive ROI can take place if your company's HBA representative is integrated properly. There is quite a bit of information to this and if you'd like to know more please click here for detailed explanation.
P.S. What you were originally looking for: Sales attributed directly to your HBA membership. There are so many factors involved ;
- Are you a name in a directory or do you attend general membership meetings?
- Do you just do more than attend the general membership meetings, meaning do you interact with others while there?
- Is your company representative (you?) accomplished in the art of developing relationships?
Only you can only answer those three questions. Gaining
new customers directly from your membership depends not on the association but
on you, your company's offering and your ability to influence. The
above three metrics, however, give you, at the very least, a return on your
membership investment.
Regards,
Mike
Michael Kurpiel, CGA, CGP
Saturday, February 16, 2013
State Rep Tommy Thompson Addressed HBA Kentucky
Here, State Representative and former NAHB Chairman of the Board (1994) Tommy Thompson from Owensboro speaks to the HBAK Winter Board attendees about the state of affairs in Frankfort.
Below, Lexington builder Bill Hodges talks to the group about Build Pac while President, Jim Cutter from Northern KY looks on.
The room was full and there were many very important topics discussed and managed. We hope you can attend the next Board Meeting in May in Covington.
Friday, February 15, 2013
HBAK Winter Board Mtg
JoEllen Thompson discusses topics at the HBA KY Winter Board meeting held in Lexington. we sure wish tjst more of you could have attended.
Please mark your calendars and try to attend the Spring meeting on May 22 & 23 in Covington.
Please mark your calendars and try to attend the Spring meeting on May 22 & 23 in Covington.
Thursday, February 14, 2013
COMMITTEE ON BANKING, HOUSING, AND URBAN AFFAIRS MEMBERSHIP
Here is the list of the Committee on Banking, Housing, and Urban Affairs members. No one from Kentucky that I could see.
Tim Johnson, SD, Chairman
Mike Crapo, ID, Ranking
Republican Member
Jack Reed, RI Charles E. Schumer, NY Robert Menendez, NJ Sherrod Brown, OH
Jon Tester, MT Mark
Warner, VA Jeff
Merkley, OR Kay Hagan, NC
Joe Manchin III, WV Elizabeth Warren, MA Heidi
Heitkamp, ND
Richard C. Shelby, AL Bob Corker, TN David Vitter, LA Mike Johanns, NE
Patrick J. Toomey, PA Mark Kirk, IL Jerry Moran, KS Tom Coburn, OK
Dean Heller, NV
SUBCOMMITTEE MEMBERSHIP
Unless otherwise noted, Tim
Johnson, Chairman, and Mike Crapo, Ranking Republican Member, serve on all
subcommittees as ex-officio, non-voting members.
HOUSING, TRANSPORTATION,
AND COMMUNITY DEVELOPMENT
Robert Menendez, NJ, Chairman
Jerry Moran, KS, Ranking
Republican Member
Jack Reed, RI Charles E. Schumer, NY Sherrod Brown, OH Jeff Merkley, OR
Joe Manchin III, WV Elizabeth Warren, MA Heidi Heitkamp, ND
Bob Corker, TN Patrick J. Toomey, PA Mark Kirk, IL Tom Coburn, OK
Dean Heller, NV Richard C. Shelby, AL
FINANCIAL INSTITUTIONS AND
CONSUMER PROTECTION
Sherrod Brown, OH, Chairman
Patrick J. Toomey, PA,
Ranking Republican Member
Jack Reed, RI Charles
E. Schumer, NY Robert
Menendez, NJ Jon Tester, MT
Jeff Merkley, OR Kay
Hagan, NC Elizabeth
Warren, MA
Richard C. Shelby, AL David Vitter, LA Mike Johanns, NE Jerry Moran, KS
Dean Heller, NV Bob
Corker, TN
SECURITIES, INSURANCE, AND
INVESTMENT
Jon Tester, MT, Chairman
Mike Johanns, NE, Ranking
Republican Member
Jack Reed, RI Charles
E. Schumer, NY Robert
Menendez, NJ Mark Warner, VA
Kay Hagan, NC Elizabeth Warren, MA Heidi Heitkamp, ND
Bob Corker, TN Richard C. Shelby, AL David Vitter, LA Patrick J. Toomey, PA
Mark Kirk, IL Tom Coburn, OK
NATIONAL SECURITY AND
INTERNATIONAL TRADE AND FINANCE
Mark Warner, VA, Chairman
Mark Kirk, IL, Ranking
Republican Member
Sherrod Brown, OH Joe Manchin III, WV Jerry Moran, KS
ECONOMIC POLICY
Jeff Merkley, OR, Chairman
Dean Heller, NV, Ranking
Republican Member
Jon Tester, MT Mark Warner, VA Kay Hagan, NC Joe Manchin III, WV
Heidi Heitkamp, ND
Tom Coburn, OK David Vitter, LA Mike Johanns,
NE Mike Crapo, ID
Tuesday, February 12, 2013
Webinars for Better Business
Schedule
Upcoming Webinars
February is all about building a better business! Whether it's using an NAHB
designation to increase your profile, or learning the cost of running your
business, you're guaranteed to learn something that you can apply
immediately!
Webinar Rewinds
To view a list of past webinars, please visit the Webinar Rewind
page.
The Source for Quick CEs
If you hold an NAHB professional designation, each webinar counts for one
hour of continuing education credit.
Branding Yourself and Your Business Using Your NAHB
DesignationFeb. 13, 2:00-3:00 p.m. ET
Business Improvement series
You’ve earned a NAHB professional designation … now what? The next step is getting the word out. Branding is the best way to separate yourself from your competition. Whether you are a CAPS, CGB, CGP, CGR or hold another designation, NAHB has created a wide range of resources to help you market and promote those letters. In this webinar, FREE to NAHB Designation holders, we’ll show you how to take advantage of affordable and easy-to-use tools and get noticed. You’ll also hear directly from experienced industry pros who have built their personal brand through their NAHB designation and are currently using it to expand their business.
Presented by NAHB Education
NAHB Remodelers Cost of Doing Business Study
Feb. 20, 2:00-3:00 p.m. ET
Economics & Research series
The NAHB Remodelers Cost of Doing Business Study is one of the most important business management tools remodelers can use. The study is based on a nationwide survey of remodelers. Using candid answers about annual revenue, cost of sales and operating expenses, as well as company assets, liabilities and equity positions, NAHB calculates average gross and net profit margins as well as critical financial ratios for remodeling professionals nationwide. Results will be analyzed by region of the country and business model (general remodeler versus design-build remodeler). Speakers will discuss the important metrics presented in the study, why remodelers need to understand them, and how they can use them to gauge the health of their operations.
Presented by NAHB Remodelers
What Do Home Buyers Really Want?Mar. 6, 2:00-3:00 p.m. ET
Economics and Research series
Many in the industry are wondering about what home buyers really want and will not give up in today’s market, as well as which features they are ready to leave behind in light of current economic realities. Based on the 2012 NAHB study “What Home Buyers Really Want,” speakers will analyze the most current data on buyer preferences so that NAHB members can deliver the home (and community) that today’s buyers want and are willing to pay for. Real-world examples, imagery and drawings of the findings will also be presented.
Presented by NAHB BuilderBooks
Secrets of Selling to the Multicultural Home Buyer - Registration Opening Soon!
March 13, 2:00-3:00 p.m. ET
Sales and Marketing series
More than one-third of all Americans are minorities and those numbers are growing at an exponential rate. The good news is that buying a new home is one of their highest priorities; however, to get your share of this huge and expanding market, you must become aware of the unique needs of Hispanics, African Americans, Asians, Middle Easterners and others. Find out why they don't necessarily want to work with a salesperson from their own culture, how to overcome their objections and how to deal with culturally-based beliefs. Learn to build positive long-term relationships with multi-cultural customers and get referrals that will increase your profits and dramatically cut marketing costs.
Presented by Professional Women in Building
Builders Guide to Appraisals: Obtaining Accurate Valuations on New Homes - Registration Opening Soon!
Mar. 27, 2:00-3:00 p.m. ET
Policy and Finance series
Major changes have occurred in appraisal standards and practices in the wake of housing and financial market turmoil. These shifts present major challenges to home builders in financing and selling their homes. This program will provide information on the new appraisal landscape, help builders obtain more accurate appraisals and discuss NAHB's blueprint for appraisal reform.
Presented by NAHB Housing Finance
Business Improvement series
You’ve earned a NAHB professional designation … now what? The next step is getting the word out. Branding is the best way to separate yourself from your competition. Whether you are a CAPS, CGB, CGP, CGR or hold another designation, NAHB has created a wide range of resources to help you market and promote those letters. In this webinar, FREE to NAHB Designation holders, we’ll show you how to take advantage of affordable and easy-to-use tools and get noticed. You’ll also hear directly from experienced industry pros who have built their personal brand through their NAHB designation and are currently using it to expand their business.
Presented by NAHB Education
NAHB Remodelers Cost of Doing Business Study
Feb. 20, 2:00-3:00 p.m. ET
Economics & Research series
The NAHB Remodelers Cost of Doing Business Study is one of the most important business management tools remodelers can use. The study is based on a nationwide survey of remodelers. Using candid answers about annual revenue, cost of sales and operating expenses, as well as company assets, liabilities and equity positions, NAHB calculates average gross and net profit margins as well as critical financial ratios for remodeling professionals nationwide. Results will be analyzed by region of the country and business model (general remodeler versus design-build remodeler). Speakers will discuss the important metrics presented in the study, why remodelers need to understand them, and how they can use them to gauge the health of their operations.
Presented by NAHB Remodelers
What Do Home Buyers Really Want?Mar. 6, 2:00-3:00 p.m. ET
Economics and Research series
Many in the industry are wondering about what home buyers really want and will not give up in today’s market, as well as which features they are ready to leave behind in light of current economic realities. Based on the 2012 NAHB study “What Home Buyers Really Want,” speakers will analyze the most current data on buyer preferences so that NAHB members can deliver the home (and community) that today’s buyers want and are willing to pay for. Real-world examples, imagery and drawings of the findings will also be presented.
Presented by NAHB BuilderBooks
Secrets of Selling to the Multicultural Home Buyer - Registration Opening Soon!
March 13, 2:00-3:00 p.m. ET
Sales and Marketing series
More than one-third of all Americans are minorities and those numbers are growing at an exponential rate. The good news is that buying a new home is one of their highest priorities; however, to get your share of this huge and expanding market, you must become aware of the unique needs of Hispanics, African Americans, Asians, Middle Easterners and others. Find out why they don't necessarily want to work with a salesperson from their own culture, how to overcome their objections and how to deal with culturally-based beliefs. Learn to build positive long-term relationships with multi-cultural customers and get referrals that will increase your profits and dramatically cut marketing costs.
Presented by Professional Women in Building
Builders Guide to Appraisals: Obtaining Accurate Valuations on New Homes - Registration Opening Soon!
Mar. 27, 2:00-3:00 p.m. ET
Policy and Finance series
Major changes have occurred in appraisal standards and practices in the wake of housing and financial market turmoil. These shifts present major challenges to home builders in financing and selling their homes. This program will provide information on the new appraisal landscape, help builders obtain more accurate appraisals and discuss NAHB's blueprint for appraisal reform.
Presented by NAHB Housing Finance
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