4 minute read
Buying En Masse IBPI hosts annual meeting in Orlando, Florida
Buying En Masse
IBPI hosts annual meeting in Orlando, Florida
by: Brent Hoskins, Office Technology Magazine
Eager to learn more about the products and services of various vendors — and to collect their rebate checks — members of International Business Products Inc. (IBPI) met March 10-12 at Disney’s Yacht & Beach Club Resort in Orlando, Florida. The annual meeting was held on the eve of Spring Break, the March 13-14 educational and networking event hosted by BTA Southeast in the same venue.
IBPI (www.ibpi.net) is a buying group offering office technology dealer members best pricing from vendor partners. Each year, members gather for a day and half of meetings, rotating from table to table as vendor partners discuss their latest offerings. In addition, based on the overall volume of purchases by dealer members during the prior year, member dealerships receive rebate checks.
“IBPI was established 33 years ago by 51 dealers who got together and started our first vendor program,” said Mark Grice, IBPI executive director, as he welcomed attendees during the opening reception. “Today, we have more than 470 members with total revenue of more than $6 billion. Since last year’s meeting, we have added 31 new members to our group. The dealers here tonight and for the next couple of days have total revenues of $1 billion.”
Grice highlighted two key milestones achieved by IBPI during 2019. “The first one is that IBPI members purchased $85 million worth of products and services from our IBPI partners in 2019,” he said, noting that members had purchased $1.2 billion in products and services from IBPI vendor partners since 2002. “Secondly, tonight we are distributing the third highest rebate amount to our members in IBPI’s history — more than $660,000 back to our membership.”
The next day, as dealers met with vendor partners, Grice spoke to Office Technology about the organization. “A member dealer pays $500 to join; that buys one share of stock in IBPI,” he said. “The $500 is held in escrow — apart from IBPI’s operating account. While a member, that dealer will enjoy industry best pricing, as well as a rebate on purchases. Plus, each member is invited to our annual event and IBPI pays for a two-night hotel stay.”
When IBPI is negotiating a contract with a vendor, “we say ‘we want our members to have your very best pricing in our industry,’” Grice said, noting that some dealers may have already negotiated the best price with a vendor before joining IBPI. “We just say, ‘give us your best price.’ We don’t want anybody else getting a better price than IBPI members.”
What companies are vendor partners of IBPI, offering members best pricing? Currently, there are 27 of them: ACM Technologies Inc.; ARLINGTON; Capital Networks; CET Group; Clover Imaging Group; Continuum; EDA; Electronic Systems Projection; Evo B2B Group; HALO; JVP Logistics; Katun Corp.; Laser Pros International; Mars; Merchants Fleet; NA Trading and Technology; Nerdio; Polek & Polek; Pulsar360; Ross International; Sherweb; Solar Winds N-able; Static Control; Taylor Business Group; TIAA Bank; TonerCycle/InkCycle; and TSAworld.
IBPI is under the direction of the organization’s board of directors. The officers and other board members are as follows: President Chip Miceli, Pulse Technology, Schaumburg, Illinois; Vice President John Eckstrom, Carolina Business Equipment, Columbia, South Carolina; Secretary/Treasurer Debra Dennis, CopyPro Inc., Greenville, North Carolina; Kyle Elliott, Spectrum Technologies, El Paso, Texas; Mike Blake, Corporate Business Systems, Madison, Wisconsin; Jim George, Donnellon McCarthy Enterprises, Cincinnati, Ohio; Roger Hendrix, Hendrix Business Systems, Matthews, North Carolina; José López, Barlop Business Systems, Miami, Florida; and Greg Quirk, JQ Office Equipment, Omaha, Nebraska. n Brent Hoskins, executive director of the Business Technology Association, is editor of Office Technology magazine. He can be reached at brent@bta.org or (816) 303-4040. Above: Attendees of the recent IBPI meeting in Orlando, Florida, met with a number of vendor partners over a day and half, rotating from table to table. Right: IBPI Executive Director Mark Grice.
Boost Sales with Equipment Vendor Financing
BALBOA CAPITAL EXPERIENCE Balboa Capital is a technology- driven independent financing company that provides fast, hassle-free financing solutions to small and medium sized businesses throughout the United States. We are experts in office products equipment vendor financing, and our fast, flexible solutions can help you close deals like never before. Balboa Capital helps your customers get the best fi-nancing solutions for the office products equipment you sell. Our online application is easy and can be completed in your showroom. We also offer you several value-added services such as free website banner ads, and access to Portal360, which is our web-based sales management system.
• Same-Day Funding • Highly Competitive Rates • Online Sales Tools • Industry Leading Vendor Program THE BALBOA CAPITAL VENDOR FINANCE PROGRAM
• WE BELIEVE that dealers are the most important people in our business • WE LISTEN to our dealer’s needs and address them accordingly • WE PROVIDE dealers with courteous, attentive and supportive service • WE DELIVER value to dealers with innovative sales tools and fast funding • WE UNDERSTAND that dealers are the lifeblood of our business OUR DEALER RELATIONS PHILOSOPHY: RULES FOR SUCCESS
FOR MORE INFORMATION PLEASE CONTACT: Jerry Harne Business Development 888-475-7918 jerrymh@balboacapital.com