| Gerry Egan Bio |
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I have been arranging equipment leases since the nineteen-seventies, beginning as an equipment vendor. I learned to use leasing effectively as a sales tool and the importance of good leasing relationships and ultimately went to work with a small leasing company in 1981 as their first outside salesperson. Nine years later I was the Operations Manger responsible for all marketing, sales, credit and collections functions in the company's then five branches in three southeastern states. In 1991, I started TecSource, Inc. We brokered leases, held our own leases, and discounted leases to local banks in addition to managing and servicing the leasing programs for a couple of small banks. By design, our business was very small and provided an opportunity for my wife, Jamie, and me to work and travel together. In my own business, I’m particularly proud of two things. First is the tremendous number of repeat customers we’ve had over the years, with some having over twenty leases with us. Second is that I’ve never been involved in any transaction where I’ve been afraid or embarrassed afterward to meet any of the other parties involved. That’s particularly important to me since my business is primarily a local one with over ninety percent of all the leases I’ve ever written being within thirty-five miles of my office. Over a period of many years, I’ve also done consulting, writing, marketing, sales training and in-house workshops for brokers, lessors and funders around the country as well as for banks and equipment vendors. I’ve contributed to Monitor and Leasing News and to Leasing Logic, the newsletter of the NAELB, and produced both audio and video training programs for clients via the Internet and on disc. I like to observe other industries and try to find the characteristics of them that are similar to our own. That helps keep me open to new ideas. It’s never been my desire to be a ‘me-too’ kind of salesperson and I believe the easiest way to compete is to separate yourself from your competition —not compare yourself to them. I do not use the traditional sales strategies taught in our industry. I like to say that whatever success I’ve had in this business is in direct proportion to how well I’ve overcome the traditional training I had in it. Throughout this site you'll find links to some sales related videos I’ve done and articles I've written. They'll help you get a sense of my sales philosophy as well as of my teaching style. I particularly enjoy meeting and interacting with other leasing professionals and I am a Past President of the National Association of Equipment Leasing Brokers, (NAELB). While we still do a little business at home, in Raleigh, NC, today, Jamie and I most enjoy working with clients around the country and visiting friends and family along the way as we travel around and see this great country. |
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Visitor Comments
- Bill, I too have went thru The Loan Consultants, without results. I have since tried to find my own ... More...
- Gerry: As usual, your thoughts are right on the money. Thank you. And thanks, as well, for your new ... More...
- I have taken The Loan Consultants course about 6 years ago. I was never able to get a funder to work... More...
- Very good Gerry. Thi s drove the point home for me and makes sense. I will definitely give it a try ... More...
- gerry I agree whole heartedly in what you say. I am also finding vendors very receptive to the conce... More...
- I agree! I once read about a company (different industry) which sent out a 3 page handwritten letter... More...
- Solid advice, so many see the gloom in tough times. Some see these times for the opportunity that th... More...
- You continue to amaze the leasing world. At some point you really need to share the secret of doing ... More...
- Chris, thanks for taking the time to contribute here. Your insight and advice is always helpful and ... More...
- I find it thought-provoking how applicable this insight is 6 years later..... More...
eQuotes
“He who would learn to fly one day must first learn to stand and walk and run and dance; one cannot fly into flying.”





