I had communicated with you through e-mail about it at the time. I do not currently participate in the buy back program, but was going to when the program began.
We definitely did that one. It was a lot of fun but a total waste of money. Not a sponsorship I’d ever consider again. You pay a fortune just to see your logo on a car for one race. What’s the point?
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Nope, can’t jump on the “pilot” train after it leaves the station. LOL.
I was not but I saw this pilot program and was really intrigued.
Like I said, some work and some don’t. And, I must have missed that race.
@Gromicko sounds like you need to run it again!
I jumped on it as soon as you announced it, sent you an email explaining my intentions and desire to be part of the first 500, you responded that it was coming soon, and then “yep” when I said count me in when you’re ready to start it.
The real purpose of the combination of the two programs was to provide an indirect financing for members’ premiums. Insurance regulators make it difficult for me to do a pay-per-inspection system of invoicing, especially in some hard-nosed states. But I can do that with the Buy Back program. So tying free E&O into it, would resolve that issue as well. It also would enhance the Buy Back program so that when a consumer has, let’s say, a $3,000 issue, their only option wouldn’t be to sell their entire home to us. Insurance would handle it. Conversely, before a consumer sues and our insurance company has to fight, let say, a $150,000 claim, the Buy Back program would handle it. The two really should be married for those three separate reasons and I aim to do just that.
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Damn this sounds smart.
Yep. When I launch the program, you can be counted in. Actually, all members can if they want.
It would really make a lot of sense because the Buy Back program and E&O insurance combined would cover every imaginable scenario. Separately, they each have weaknesses that I just described.
Our Buy Back program LOVES when a participating member has E&O because it covers smaller claims, ones where the consumer doesn’t want to sell his/her entire home and move.
Our Insurance company LOVES when an insured member participates in the Buy Back program because it covers huge complaints, ones where the consumer just wants out of the home completely.
They really are a match made in heaven and both are up and running flawlessly:
and
So now that we dated once (pilot)… I really want to see a wedding. But before that, I’m exploring launching yet another department at InterNACHI: Financial Services. I could weave in a lot of other services, kind of like we did with the Marketing Department.
Remember, the Marketing Department started out as simply “free logo design.” Look at it now. It’s huge, offering all sorts of marketing services to members. It’s not unusual for us to process dozens of custom orders a day.
Aside from the Buy Back program and our E&O insurance company, an in-house Financial Services Department could even get into helping inspectors sell their companies, vehicle insurance, retirement planning, equipment financing, credit union, etc. All stuff we have our toes in now.
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What are the financial services going to offer?
Do you get a discount on E&O when you participate in the buy back?
No further ahead getting it into Canada?
Well, I don’t know. If you would have asked me 10 years ago about our Education Department, I probably wouldn’t have been able to predict that we’d have 200 courses, 600 training videos, 1,400 governmental approvals, U.S. Department of Education accreditation, and the state-of-the-art, multi-million dollar House of Horrors complexes.
I could cheat and dust off my “How to Create the First Trade Association that Wrapped the Globe: A Step-by-Step Guide” and look up what to do next, but again, that would be cheating. 
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I’ll tell you why I really want to launch a full Financial Services Dept. Now it’s not just because we have the “We’ll Buy Your Home Back” Guarantee and our Insurance Company up and running smoothly. There’s a personal story behind it: I don’t mess with the stock market… much. If I see a trade that I’m pretty certain is a winner, then yes, I’ll bet big on it. But that doesn’t happen often. Anyway, one of my friends works for a company called Edward Jones. He’s always trying to get me to open up an account with him. One day, this year actually, I saw the trade. I knew I was going to make a small fortune on it. So I decided to give my friend the business. I called him, went over to his office, started filing out the paperwork and all prepared to move a pile of money over when he asked me a question. He asked me what did I see in the market and what stock did I want to put such a heavy bet on? I told him the stock and explained that I wanted to sell it short. That I was certain it was going to drop hard over the next week. He then gave me the bad news (for him, not me). He said Edward Jones doesn’t short sell, ever, and that he couldn’t do it for me. What??? So Edward Jones only believes stocks go up? I can’t ever sell short? He said that was correct. I took my business elsewhere. And yes, I made a killing.
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That’s awesome!
Anyway, I’m not saying I can help members much, but I did realize that not only are many members in need of help when it comes to their business finances, but that there is a lot of bad advice out there.
For a while I was working on a network of CPAs who all agreed, in return for me providing them leads, that they would prepare our members’ business tax returns for them at a huge discount. And these weren’t just regular tax preparation services… these were all CPAs. Maybe we need to work on that again as another part of the Department.
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What about the race car for advertising InterNACHI.
We also did the Ultimate Inspection Vehicle which gave us way more exposure than one race. Took it to inspection shows and it was super popular. Industry vendors sponsored it. We built it ourselves in InterNACHI’s garage. Here are some PICs: NACHI.TV, MoveInCertified, Ultimate Inspection Vehicle, and CMI in Vegas, October 2007 - InterNACHI®