A Person Who Sold Over A Billion Dollars Worth Of Stuff Tells How He Did It. – PART 2

Ron Popeil Story

http://www.ronco.com

… Born to a family of inventor-marketers, Popeil had a hardscrabble childhood. For a time, he and his brother were alone when his parents divorced. At 3 years old, he lived in a New York foster home before his grandparents brought him to live with them in Florida. At 16, he went to work for his father, selling his products at Woolworth's and on the Chicago fair circuit in the 1950s.

Popeil learned the art of the sale during this period. His time with consumers helped him understand what products would click, what features worked, and which ones didn't. He did so well, he says, that his weekly take from his percentage of sales at Woolworth's eventually eclipsed the store managers' monthly salary. So he decided to go out on his own.

Popeil made himself into the entrepreneur for the dawning Media Age. In the 1950s, he began advertising on TV, a move that decades later would later help him usher in the era of the infomercial. One of his first stand-alone commercials was for his Ronco Spray Gun, a gun-shaped garden-hose nozzle with a chamber in the handle for tablets of soap, wax, weed killer, fertilizer, and insecticide. The 60-second spot on a Tampa TV station cost him $550.

"Going on TV allowed me to reach tens of millions of people, and I could make more money then standing for 8 to 12 hours at Woolworth's," he says.

While many entrepreneurs have come up with a best seller, few have created a whole business around that item, let alone come up with more than one success. Popeil has done both -- many times over. "I have an innate talent," he says. "I used to think it was luck, but after one success after another, I realized that I know what is needed in the marketplace. Most people don't understand the market. Most people have no clue. All they know is 'I got an idea, and I need a patent.'"

For example, Popeil came up with Showtime after noticing the popularity of store-bought rotisserie chicken. Years earlier, he created GLH (Good Looking Hair) -- aerosol spray-on "hair" -- after he noticed a thin patch on his own head.

A hands-on micromanager, Popeil begins his day with a 6:30 a.m. workout, then tinkers in what he calls his testing facility: his Beverly Hills kitchen and garage. He shops at discount warehouse Costco for most of his supplies. He's never hired a marketing team, and says he puts his touch on everything from the packaging to the infomercial sets.

Popeil's uncanny products are matched perhaps only by his exuberant pitches. For instance, that of the Inside-the-Shell Electric Egg Scrambler: "Gets rid of those slimy egg whites in your scrambled eggs." The GLH infomercial -- "Nine different colors...I use it all the time" -- made Entertainment Weekly's list of TV's 100 best moments.

His TV statements -- "But wait, there's more," "Price so low," and "Operators are standing by" -- have made Popeil and his products synonymous with TV marketing. Popeil insists his catchphrases are unscripted, but says he recognizes when he's uttered a zinger. Then he puts the phrase into heavy rotation.

Over the years, however, a few bumps in the road have cropped up. Popeil has had some notable misses, such as a home glass-froster and a compact trash-can that converted into a stool. In 1987, Ronco went bankrupt after it couldn't cover a bank loan. About two years later, Popeil bought his company back and made his big return to TV, re-introducing the hot-selling Food Dehydrator in 1990. His one regret: not inventing Velcro.

Popeil says his recipe for success is simple and extends to entrepreneurs of all kinds. "If you have that passion, it is conveyed through marketing," he says. "People see it. I get up before them and show them something new and wonderful."

But, he, adds: "I don't know if I could sell insurance. It's something that I didn't create. When I create something, I believe in it, and I am very passionate about it." Operators are standing by.

Read Part 1: A Person Who Sold Over A Billion Dollars Worth Of Stuff Tells How He Did It. – PART 1