Review of the Summit: Product Diversification (Part 2)

With the ongoing review of the last Home Improvement Summit, let’s continue to look at the benefits of product diversification within your business.

The next panelist was Frank Farmer who is the founder and President of American Metal Roofs located in Flint, MI.  In 2007, his company was recognized by Inc. Magazine as one of the fastest growing in the United States.  Frank attended Michigan State University, College of Osteopathic Medicine. Prior to entering the metal roofing business, he built an apartment locator business, was a salesman and then a sales manager for a prominent window replacement retailer – – and he developed a tax business with 12 franchises throughout Michigan.  His reputation as an innovator and creative marketer has made him a recognized “guru” in the metal roofing industry.

Frank has been enormously successful in diversifying his product offerings in the last few years and he shared a few of his secrets with us.

As you would expect his main product is metal roofs; however, he has diversified this product line by offering four separate types of metal roofing: Rustic Shingle, Oxford Shingle, Country Manor, and Standing Seam. Each offering has specific benefits so they are able to target different homeowners with each brand.

But one of the things Frank learned early on in his business was that it was vital to add other products so that his revenue stream would not be entirely dependent upon the current demand for that specific product. So he developed a set of goals that he would hold hard and fast to:

  • Expand with products that were associated with their core business
  • Sell more volume with the same advertising dollars
  • Increase profitability

While this may seem easier said than done, he has been extremely successful and has come up with the following ideas:

Do It Yourself Seminars

  • The attendee registers online
  • The seminars are held once per month and are four hours in length (the first 45 minutes is an educational portion on how to chose the right metal roof).
  • The attendee brings drawings of house roof so it can be priced
  • There is a great support system, manuals, DVD and access to a trained installer
  • The “Golden Hammer Program”: Rent a man and his equipment for a day for $1,000.00

Ventilation Products

  • Sets them aside by solving homeowner’s ventilation problems
  • 10% – 15% up-sell in contract price

Insulation Products

  • Pink Owens Corning blown fiberglass insulation (high profit margins)
  • Heat Barrier XP: Fast install (2 men, 1 hour per 1,000 sq feet attic), low start up ( Toro Leaf blower), low material costs (50 cents / sq foot), high profit margins

For any questions on any of Frank’s product offerings or for ideas on how to diversify your product line you can contact him directly.

The advice we received from Dave Yoho Associates enabled us to increase our volume with 19% less leads in the first year alone!

Joe Francis, President
Shiner Roofing, Siding and Windows

We are grateful to have Dave Yoho Associates work with our entire team. I firmly believe the improved performance of our event marketing team is directly tied to your coaching over the last couple of years.

Scott Barr, Steward
Southwest Exteriors

We found Dave Yoho Associates extremely professional and knowledgeable in evaluating our current business model and recommending specific solutions that will improve our efficiency and profit.

Wasyl Bodnar, President
Ventana Design, Sales, and Manufacturing

Dave Yoho Associates produced amazing results for us! Every percentage point of improvement in our lead issue rate translated to an additional $500,000 in business.

Brian Leader, Founder
Improveit! Home Remodeling

Immediately after your training, I ran my first solo appointment and got the order for $16,088! I beat out a reputable local remodeling company whose bid was $4000 less and was referred to by the customer as a slightly ‘better’ product.

Sara Zarndt-Brickey, Operations
Re-Bath of Illinois

We have been working a long time to reach a “million-dollar month”, and this September we finally accomplished our goal! The Dave Yoho Associates model and training tools are without a doubt the keys to our success.

Chuck Cometti, General Manager
RbA of Central New York

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Todd Miller, President
Isaiah Industries

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Michael Hoy, President
Great Day Improvements

Your consultant introduced many thought-provoking, exciting concepts that were implemented and drove our net profit. We look forward to a long and prosperous relationship with Dave Yoho Associates!

Mark Watson, Owner
Exterior Medics

One of the primary takeaways from your most recent visit to our company was that the words, promises, and tone of our call center reps need to speak directly to the prospect’s needs, followed by a professional, systematic sales presentation which builds immediate rapport and trust.

Dave Cerrone, President
Fitch Construction

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