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Dave Royce

πŸ‘€ Speaker
274 total appearances
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Appearances Over Time

Podcast Appearances

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

By the end of the summer, I was the top rookie in the whole company.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

I had 200 salespeople.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

I went with a different company the next year, became a sales manager.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And when I got there, they didn't have any training manuals.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And so I actually asked my boss, I said, can I write a training manual for you?

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And he was super impressed.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

Ultimately, he said, I'm going to give you, if you'll keep doing this every year, because we sold twice as much as his other location, if you keep coming back, I'll pay you a cut off everybody.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And so by the time I graduated college, I was making $225,000 a summer.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

That's 20 years ago.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

So it's like almost half a million.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

That's right.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

We have a few that even make a million dollars a year.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

Yeah, they're freaks of nature.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

But if you have, say, 3,000 salespeople, you start to get these anomalies where some people are just really, really amazing.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And almost all the sales managers are at a six-figure income for the summertime.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

But there's a few guys where they'll do it for, maybe they'll expand their summer to maybe five or six months, and they'll make a million bucks, and then they'll go

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

It's kind of the right timing.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

That's when pest pressure is the maximum, is in the summertime.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

And because college students are out in the summer, it's just kind of how the industry originally started, or at least this specific marketing technique started.

The Money Mondays
Dave Royce on Pest Control, Private Equity, and Purpose

There's a few, yeah.