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Contents
Is there profit in selling ice?
Average Sales
The beauty of ice is that it’s a high profit product – it costs about $0.25 – $0.35 in raw material to produce an ice bag that might sell for $1.50 and $3.
What does it mean to sell ice?
(idiomatic) To persuade people to go against their best interests or to accept something unnecessary or preposterous. He’s such a smooth talker, he could sell ice to Eskimos.
How would you sell ice to an eskimo Inuit?
A sales representative that can sell ice to the eskimo essentially refers to someone who can sell anything to anyone! This phrase make two main assumptions: (1) an eskimo is surrounded by ice and wouldn’t need it and (2) winning this sale would require a rep to persuade the person to go against their better judgement.
Is it possible to sell ice to an eskimo?
The saying, “She could sell ice to Eskimos” is a very old idiom. It literally means to get someone to do or buy something that is against their best interests, unnecessary or preposterous. But it is often mistakenly thought to mean that a person who can do this is a great salesperson.
Is making ice a good business?
‘Making ice is not a rich man’s business‘
While many would think ice is highly sought after all year round, given that the Zululand region barely experiences winter, the reality is that the business is only profitable during December.
How do I start an ice block business?
- DEVELOP A BUSINESS PLAN. …
- RAISE CAPITAL FOR YOUR ICE BLOCK BUSINESS. …
- FIND A GOOD LOCATION FOR YOUR ICE BLOCK BUSINESS. …
- GET THE NECESSARY MATERIALS NEEDED FOR YOUR ICE BLOCK BUSINESS. …
- ADVERTISE YOUR ICE BLOCK BUSINESS. …
- WATER. …
- DEEP FREEZERS/ICE BLOCK MAKING MACHINES.
What is sell me this pen?
In a famous scene in the movie The Wolf of Wall Street, Leonardo DiCaprio’s character tells a salesperson, “Sell me this pen.” The salesperson immediately takes the pen from DiCaprio and then asks him to write his name down—which is impossible to do without any sort of writing utensil.
Why is eskimo offensive?
People in many parts of the Arctic consider Eskimo a derogatory term because it was widely used by racist, non-native colonizers. Many people also thought it meant eater of raw meat, which connoted barbarism and violence.
How would you sell a fridge to an eskimo?
- Making the Right Background.
- Making Your Product Seem Important.
- Making Yourself Important.
- Setting Off the Alarms.
- Giving Things Away.
- Committing Yourself.
- Continuing to Hold Their Interest.
How do you promote ice cream in the winter?
- Partner with businesses that thrive in the winter. …
- Use social media. …
- Serve good ice cream. …
- Focus on hot beverages. …
- Set up visual displays. …
- Sell other desserts. …
- Decorate the exterior of your store. …
- Offer discounts.
How much does ice cost to make?
Two dollars’ worth of water from your tap would be nearly 350 gallons at the U.S. average price of about 0.0058 cents per gallon — enough to make a lot of ice.
How much does it cost to start a ice vending business?
Upfront Investment
Generally, the smallest machine, the Ice Merchant, costs about $43,000 and the largest model, the Ice House, costs about $150,000. There are many ways you might make this investment, including a bank loan, personal loan, savings, or selling other investments.
How much can a ice machine make?
How Much Do Ice Vending Machines Make? Based on typical pricing and average sales volume, you can expect to earn approximately $3,664 per month in net profit from your ice vending machine. Using those same assumptions, the expected gross revenue for the month would be $3,900 and estimated costs would be $236.
How do I sell bagged ice?
- Step 1 : Consultation. Call us for a no hassle, no hype consultation about the ice & water vending business.
- Step 2 : Choose A Model. Using the data that both you and Bag of Ice collect, you choose a model that’s right for you.
- Step 3 : Site Preparation. …
- Step 4 : Delivery & Installation.
How Much Money Can You Make From An Ice Vending Machine? – Ice House America
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Does Being Able to Sell Ice to an Eskimo Really Make You a Great Salesperson?
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The Pitch – How to Sell Ice to an Eskimo without really trying
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How Much Money Can You Make From An Ice Vending Machine?
Ice vending machines can be lucrative additions to your existing business, a stand-alone business, or a helpful supplement to income after retirement. Regardless of your ice vending machine arrangement, it’s important to accurately estimate the income you can expect from your investment. So how much money can you make from an ice vending machine?
How Much Money Can You Make From an Ice Vending Machine?
How much money you can make from an ice vending machine will vary, depending on the ice machine you choose, location, and land rental fees. Owners also set their prices, usually between $1.50 and $3 per bag. There are also three different ice vending machine sizes—the large Ice House, versatile Ice Kiosk, and compact Ice Merchant—and the model you choose will also impact total sales and payback period.
Average Sales
Your ice vending machine sales will depend on your machine’s size, its visibility, and the area’s traffic and population. Ice House America works with owners to help find the ideal location and model to meet their investment goals. The Ice House, which is the company’s largest ice vending machine, can serve up to 50,000 customer visits per year. The beauty of ice is that it’s a high profit product – it costs about $0.25 – $0.35 in raw material to produce an ice bag that might sell for $1.50 and $3.
Profit Margins
Ice House America’s ice vending machines are designed to be long-lasting and low maintenance. There is very little upkeep required, and this also helps to keep expenses low and profit margins high. All maintenance and upkeep items can be easily completed by one person, so no extra staff is required. Upkeep expenses and maintenance include the following:
Refilling ice bags
Lot or ground upkeep
Cleaning the machine
Replacing the water filter
Since the water is filtered and the ice is made within the machine, there is no inventory to track or refill. Renting a spot for your ice vending machine will decrease your profit margin, but it will make financial sense in the right location. If you already own a busy location, such as a convenience store, car wash, grocery store, or even just vacant land near a high-traffic area, your margins can be higher.
Payback Period
How much money you make from your ice vending machine, and how long it takes to cover the initial investment, depends on the size of machine you invest in. The Ice House can produce up to 13,000 lbs. in 24 hours, which is why it’s ideal for high-traffic areas.
How much money you can make from an ice vending business depends on the location, the machine you choose, your prices, and the advertising strategy used to attract new customers. Ice House America is available to help you along the way, providing marketing collateral, location assessments, maintenance assistance, and more. If you are interested in starting your ice vending machine business, talk to a location specialist today.
How to Sell Ice to an Eskimo
How to “Win” in Any Sales Environment What did the eskimo say to the sales rep? You need to cool down. A sales representative that can sell ice to the eskimo essentially refers to someone who can sell anything to anyone ! This phrase make two main assumptions: (1) an eskimo is surrounded by ice and wouldn’t need it and (2) winning this sale would require a rep to persuade the person to go against their better judgement. While that would be a lucrative superpower to have, it may not be the most productive mindset in the modern sales environment. As buyers are becoming increasingly more aware, the goal is no longer to sell ice to every eskimo. Rather, the goal is to maximize your chances of success; when 7 eskimos tell you that they are “not interested” and the 8th one says tell me more, you’ll know what to do (and more importantly, what to ask). So what does it really take to sell ice to an eskimo? In short – process, sales skills, and favorable timing. Process: The Proof is in the Numbers (50%) To find 1 of 8 unlikely prospects, about 50% of success is related to having a sound process to effectivity qualify and and move buyers through the sales funnel. On a high level, the goal here is to define the mechanics of when and how you reach out to leads and measuring conversion rates in each step of the funnel (e.g. lead – demo – close). Ideally, a rep would track how many eskimos are requesting a demo and how many of those who view the demo choose to buy. If any of these numbers decline (or fail to improve), you’ll know that your process needs attention. Sales Skills: Knowing What to Say, When (40%) About 40% of winning your sale is directly related to your sales skills. This essentially means that when a prospect finally asks for more information, do you know what to do and the right questions to ask. For example, let’s revisit the example of our 8th eskimo. When he asks for more information, here’s a few questions you might consider: Sure, what kind of information are you looking to see? Nice to meet an eskimo that appreciates ice. Curious – what are some ways that you typically use ice? And how do these uses help enhance your lifestyle? Why haven’t you obtained ice yet if it’s important to you and you’re surrounded by it? Asking these types of questions allow you to find the right eskimo that has a need and is ready to buy. Favorable Timing: Crossing Your Fingers (10%) Though a mere 10% of success, part of sales is having favorable timing. Think about the last time you happened to be in the right place at the right time. This happens in sales too. However, if you want to be successful in sales 10% of the time, this will be an avenue for you. If you don’t want to leave you successful up to chance, I recommend refining your process and sales skills and using those to mitigate the risks of uncontrollable variables. Conclusion Essentially, winning in the modern sales arena demands constant development of your process and sales ability. With the highs and lows of sales, winning also has to take on a much broader definition. This includes identifying when your prospect is lying, learning when to disqualify a prospect and save your account executive (AE) time, or gathering market research on why a disqualified inbound lead reached out in the first place. Once you decide what kind of rep you want to be, it’s up to you to use these tools to seize the win and sell ice to right eskimos. By: Jaime Garvey — UPDATED: Now that we have an overview of what it takes to sell ice to an eskimo, let’s dive a little deeper into each part of the equation. If we have a solid understanding of what goes into the process, then we will be able to sell anything to anyone. Process: The Proof is in the Numbers Since this part of the equation has the biggest impact on your sales, it is important to focus your energy here. This is where you will be able to make the most gains. This is how you can set yourself apart from the field. So here are some steps you can take to make sure that your numbers are constantly improving. Stay up to date on technology Your sales stack is crucial for your numbers. If you are confused on what a sales stack is then we have a different blog post to give you a thorough explanation. New technology us coming out every day. Finding ways to automate your process, learn more information about your customer, and track success will be important to improving your funnel. What are the best ways to stay up to date on new technology coming out? Subscribing to tech blogs is a good start. Crunchbase and TechCrunch are a few of my favorites. One under-utilized way to stay up to date on information is by using Google Alerts. Putting phrases like “sales technology” or “new technology” will make sure you stay in the loop. Get ideas from other people There is so much cheap/free information available to you. Blog posts. Podcasts. Books. Learn how other people manage their funnels. Aggregate their best ideas into your strategy. If you are not utilizing the information that is available to you then you are falling behind. Make a list of people that you respect the most in your field. Try to learn everything you can about their process. Odds are, it will help your process. Constantly evaluate each stage of your funnel This can be tough to do sometimes. It can be tedious work. The data can be tough to interpret. But here are some tips. Try to find the average time it takes for a customer to go through each stage. Ignore (or at least pay less attention to) data that may skew your averages. Think about relevant timeframes. Week, month, quarter, annual. If you can get access to data over that timeframe then you will be more aware of any drops in conversion rates. This will make sure that you are able to make necessary changes before it is too late. Make systematic tweaks to your funnel Warning: this can be risky. “If it ain’t broke, don’t fix it” comes to mind. However, I’m of the mindset that risks are necessary in funnel management. Sometimes a change will not help you. But sometimes it will. If your change doesn’t help: then you can just revert back to what you were doing before. But if your change does work, then you have a leg up on the competition. It is usually better for your funnel to be shorter so there are less areas for leads to escape. Knowing What to Say, When You can manage your funnel effectively and get lucky. But if you don’t know which questions to ask the prospect and when, then you won’t succeed in sales. First, we’ll go over some good strategies for learning what to say and when. Surround Yourself with Experienced Sales Professionals There are a few ways you can make sure that your network is full of experienced sales professionals. First would be choosing a company that has tremendous executive leadership and tons of experience with selling. Another way to improve your sales network is to attend happy hour events that are exclusively for sales professionals. You can find plenty of events like this on Eventbrite and Facebook. One final way to improve your sales network would be to use Linkedin and Bravado to find out who is respected in your industry. Attend Sales Training Workshops There are plenty of options out there that could be useful to you. Most of them tend to be quite expensive though. So either try to get your company to pay for it or find a cheap one. Review the Tape Talking too much (Should be a two-way conversation) Handling objections (Open-ended questions versus close-ended questions) Coming across too aggressively (People want to buy, they hate to be sold) Using negative words/phrases (Can put up barriers) — Next part coming soon. If you’re looking for more free tips on sales, we also have videos online. I think the best thing you can do would be to review your old conversations with clients. You should be able to recognize when the conversation takes a turn for the worse. Some specific tendencies to look out for:–
Does Being Able to Sell Ice to an Eskimo Really Make You a Great Salesperson?
The saying, “She could sell ice to Eskimos” is a very old idiom.
It literally means to get someone to do or buy something that is against their best interests, unnecessary or preposterous. But it is often mistakenly thought to mean that a person who can do this is a great salesperson. Nothing could be further from the truth, so stop listening to those sales gurus who push this line.
Here are five tips on how you can sell your products and services far better than you’ve ever done before:
Selling or business development is one of the eight skills you need to be a better and more successful business owner. So here goes…
1. UNDERSTAND YOUR IDEAL CUSTOMER.
An ideal customer is literally defined as one who is the best possible type of customer for your business. Per this definition, not only do they need or want your product or service, but they also deliver good profit, revenue or growth for your business too.
It really pays you to invest time and money into understanding who makes an ideal customer for your business. And it’s good for them too, since you won’t be going out and trying to sell something to someone who doesn’t need it, and who isn’t a good match for your business either.
2. HAVE A GREAT PITCH.
You should know your market, customers and competitors well enough to know exactly what you should say about your product or service that impinges on the ideal customer to consider and/or buy you and your business.
You should be able to clearly communicate this in a couple of sentences, or a few seconds to a prospect or someone who can influence potential customers so they ‘get’ it.
3. HAVE A PROCESS AND SYSTEM.
There are a number of steps in the sales process, and these include:
Identifying a list of prospects.
Setting an appointment with one of these prospects.
Identifying what you want to achieve in that appointment before you arrive.
Presenting your product or service – the pitch.
Listening to and handling objections.
Making a sale or moving towards a sale.
Making notes and a follow-up appointment if needed.
Handing a sold customer over to your business to be serviced.
Keeping accurate records of all customers and where they are at in the purchase journey.
4. DELIVER ON YOUR PROMISES.
There is nothing worse than a promise not delivered in business. As the salesperson, you remain responsible for ensuring your business delivers everything you promised the customer in order to ensure they are satisfied.
5. SURVEY YOUR CUSTOMERS.
Keeping in touch with customers as individuals and as a group is important to determine if you are continuing to meet customer needs and that they are not only satisfied but truly delighted with your product, service and company.
So, there you go. Knowing your ideal customer, having a process to engage with them, and making sure you’re delivering on your promises are all part of becoming and remaining a great salesperson. Every business owner needs to be a salesperson too.
Good luck selling yourself and your business to your ideal customer.
Originally published on Smallville.
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