John Ferchill was one of my favorite speakers because of his confidence and his power. John started with only twenty five thousand in his bank and account and developed ”The Ferchill Group” .The Ferchill group was found in 1978 and grew fast from the start. John Ferchill’s technique was to find locations that had high traffic and put some type of real estate in the area.  He also looked for ball parks, if there was a ball park,  John would put some Real Estate up. John currently nets over 250 million dollars per year

                     One thing that Ferchill talked to us about was finding your ”niche”. John found his niche and his passion and turned it into profits. He has always had a passion for real estate, so he took that and added a unique selling proposition and is highly successful from doing such. I noticed that he doesn’t do everything under the sun. He specializes in Real Estate and since he focuses on Real Estate he became a master of his craft and became very successful. John Ferchill even sold 40 units with an average unit price of five hundred thousand per unit. To break it down, he sold 20 million in 4 hours.

                   “There’s a lot of money in Detroit”, says John. I do believe that there is money simply because the economy is down and buying real estate is the smart way to go and starting a business. This is because the value is low in a lot of property and once the market goes up, those who have taken advantage of the opportunity will be greatly rewarded. John also says that he built his empires off of loyalty. To hear that come out of his mouth made me really realize that he didn’t need big advertisement or some fancy commercial, he built his business of of pure loyalty and faith.

The most fascinating thing about John was that he only has 9 employees that work for him. I really think its interesting and motivating to see someone making 250 million per year with only 9 employees. He is using leverage by not hiring 100 employees but hiring 9 people who can serve as or better then the 100 people.

I really appreciate John Ferchill coming to speak to our class. He was a very confident and strong entrepreneur and I really am grateful to have been in the presence of John Ferchill.