Jason Newby, CEO of Future Home Power (FHP), Tells Money TV Why ‘Door-To-Door’ Solar Selling Is Successful And Anticipates Team Of 200 Sales Reps By Next Summer; FHP Is Newest Subsidiary Of Solar Integrated Roofing Corp. (OTC PINK: SIRC)
Jason Newby, CEO of Future Home Power, told Money TV host Donald Baillargeon that door-to-door solar selling is a successful strategy for him and his some 100 sales representatives because it is a “powerful and unique” way to meet consumers and read their needs right away. “When you knock on doors, you can ask consumers directly about why they do not have solar. Simply, we educate them, and help them understand. We help them see if it’s a good fit.” He adds,”One of the best ways to interact with the consumer is face-to-face.” It must work — at a $30,000 average price per close — because Newby says that weekly sales for FHP are sometimes reaching $1.5 million now and he sees his company doubling the number of its sales reps to 200 by next summer from 100 today. As a new subsidiary of Solar Integrated Roofing Corp. (OTC PINK: SIRC), his company is seen by SIRC CEO David Massey as an “up and comer.” See the full interview here.
stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).
Jason Newby, CEO of Future Home Power (FHP), Tells Money TV Why ‘Door-To-Door’ Solar Selling Is Successful And Anticipates Team Of 200 Sales Reps By Next Summer; FHP Is Newest Subsidiary Of Solar Integrated Roofing Corp. (OTC PINK: SIRC)
He tells Money TV that he was top solar sales representative at his prior firm, Vivint Smart Home, and he eventually had 100+ sales reps under him. Now he says he is excited about being head of a company within SIRC because the parent company “is public and they have access to the capital markets.” And after some 14 years in the corporate world at a company where he says, “I was the top sales rep of all time,” Newby has a taste now of being a successful entrepreneur.
Today, it’s only gotten better because his company is reaching about $1.5 million in weekly sales and it recently acquired another sales group that sells about $300,000-$400,000 weekly. “All of that revenue will be captured,” he said. In fact, he projects a doubling (to 200) sales reps under him at FHP by next summer. Recently, FHP broke records when it achieved single day sales of $700,000.
“Just in the last two days we did over 22 sold accounts,” Newby said. “We’re bottom line breaking records in the sales industry and we’re capturing a lot of attention from other sales representatives.” Jason Newby, CEO of Future Home Power (FHP), Tells Money TV Why ‘Door-To-Door’ Solar Selling Is Successful And Anticipates Team Of 200 Sales Reps By Next Summer; FHP Is Newest Subsidiary Of Solar Integrated Roofing Corp. (OTC PINK: SIRC).
One reason he likes being part of the SIRC team now is because it offers multiple products to sell on a call. “When we had our sales representatives go out in the market a lot of people are trying to push in one direction and sell one item.” At SIRC, the FHP sales team has multiple items. “We can tailor-fit a product that fits to their needs,” he explains. The other reason he likes it is because of the “team and leadership’ here.
Solar Integrated Roofing Corp. (OTC PINK: SIRC) Sees FHP Acquisition Being ‘Immediately Accretive”
When David Massey, CEO of Solar Integrated Roofing Corp. (OTC PINK: SIRC) acquired fast-growing Future Home Power, a San Diego-based solar and battery storage sales company, he was upbeat right away. SIRC projects Future Home Power is capable of “rapidly scaling” to $1+ million weekly sales at 45%+ gross margins. FHP is over-delivering on that right now. Jason Newby, CEO of Future Home Power (FHP), Tells Money TV Why ‘Door-To-Door’ Solar Selling Is Successful And Anticipates Team Of 200 Sales Reps By Next Summer; FHP Is Newest Subsidiary Of Solar Integrated Roofing Corp. (OTC PINK: SIRC).
David Massey, SIRC CEO, said that he expects the acquisition to be “immediately accretive” and incremental to SIRC. Future Home Power was on track to reach 60 sales representatives by the end of May — Newby says it already has 100 today and will double that by next summer.
Massey said, “The additional workforce and lead generation capabilities will allow us to rapidly scale the acquisition to an estimated $1 million plus per week of sustainable, incremental sales as early as next month — for example, Future Home Power drove $1.4 million in the last week of May alone and is likely to reach $2.0 million in weekly revenue in the near-term.”
The company said Future Home Power has earned a strong reputation for providing customers a smooth, simple process for solar panel and battery storage consultation and installation. As it captures value across the full customer lifecycle, Future Home Power specializes in the sale of residential solar panels, roofing as well as battery storage — partnering with local installers, chiefly SIRC portfolio companies going forward to finalize on-site installation, the company said.
FHP Seen As A Major Growth Driver For SIRC
Massey predicted, “The acquisition is expected to act as a major growth driver for our other subsidiaries for years to come, who can complete the on-site contracting work once the sale is complete, capturing the full lifecycle value of each customer. I look forward to working with Jason and his growing team — integrating them into our business development arm to further ramp project flow for the entire SIRC family of companies.”
Massey added, “Management believes that Future Home Power can scale to a $1+ million per week sales flow, acting as a major revenue driver for other SIRC subsidiaries who can complete the on-site contracting work once the sale is complete.” Jason Newby, CEO of Future Home Power (FHP), Tells Money TV Why ‘Door-To-Door’ Solar Selling Is Successful And Anticipates Team Of 200 Sales Reps By Next Summer; FHP Is Newest Subsidiary Of Solar Integrated Roofing Corp. (OTC PINK: SIRC).
Act As SIRC’s ‘Business Development Arm’
Massey added, “When paired with our robust suite of operating businesses, we believe Future Home Power can act as our business development arm, driving a robust project-flow for our installers working for the SIRC family of companies.”
Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.
Source: Stock Market Press
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