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The 12 Spiral Rings that Led to a Million Dollar Account

Years ago when I was growing my small distributorship, I secured an initial sales appointment with the operations manager of a jewelry retailer with about 100 stores. I have little recollection of what we discussed back then during that first sales call. All I remember was that, after a seemingly good conversation, he asked me if we sold spiral rings. It turned out that he needed 12 spiral rings for a project. 12 stupid, stock, 1″ spiral rings. I wasn’t sure how to respond. At no point in our conversation did I say we sold office supplies or anything of the sort, but I decided to bite and told him we could do that. I asked when he needed them by and he said tomorrow. So I went to the office supply store, bought the spiral rings and personally delivered them the next day.

That day was the beginning of an amazing, profitable relationship that lasted about 20 years until the jewelry chain was bought out. He ended up buying about $1 million per year from me at 50 percent average gross profit.

We never discussed that spiral ring order. He never ordered any more. Best I can tell, that request was a test. I think he wanted to know if I would be of service no matter how small the order.

Let me ask you: Would you have passed the test? Or would you have told him you didn’t sell spiral rings? Or that you had a minimum order size?

The key is that when end-users are considering a new supplier, they rarely start with a big order. Typically they start with smaller, pain in the neck type orders. What I learned through this experience was that it’s not the size of the first order that counts, it’s the size of the opportunity.

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Read past articles in Greg’s Million Dollar Mindset at Promo Marketing Magazine

Greg Muzzillo, Founder of Proforma
Greg Muzzillo started Proforma as an industry distributor in 1978. The company grew quickly and in the early 1980s Proforma was recognized for three consecutive years on Inc. magazine’s list of the 500 fastest growing companies in North America.

In the late 1980’s Proforma introduced its membership program to enable distributors to retain their business ownership and independence, and to share in sales and marketing resources, purchasing power with industry suppliers, one back office including all billing, accounting, vendor payments, cash flow, computer systems and more.

Today Proforma has more than 750 members with over $500 million in sales. Proforma has over 100 members in its Million Dollar Club and more than 40 members in its Multi-Million Dollar Club (With sales ranging from $2 million to over $26 million). In 2014, eight Proforma members were named to Inc. magazine’s Inc. 5000 List of the 5000 Fastest Growing Companies.

AboutGreg Muzzillo, Founder of Proforma

Greg Muzzillo started Proforma as an industry distributor in 1978. The company grew quickly and in the early 1980s Proforma was recognized for three consecutive years on Inc. magazine’s list of the 500 fastest growing companies in North America.

In the late 1980’s Proforma introduced its membership program to enable distributors to retain their business ownership and independence, and to share in sales and marketing resources, purchasing power with industry suppliers, one back office including all billing, accounting, vendor payments, cash flow, computer systems and more.

Today Proforma has more than 750 members with over $500 million in sales. Proforma has over 100 members in its Million Dollar Club and more than 40 members in its Multi-Million Dollar Club (With sales ranging from $2 million to over $26 million). In 2014, eight Proforma members were named to Inc. magazine’s Inc. 5000 List of the 5000 Fastest Growing Companies.

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