Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / The Unspoken Signs: How to Tell if Your Business Conversation is Actually Going Somewhere
Transcript
- 0:00Hello and welcome. My name is Tavishima Ayedi.
- 0:03I'm the host of the podcast and I'm making today's recording at
- 0:06home. So there's going to be some
- 0:08noise in the background because kids at home and they're
- 0:10watching Teen Titans as usual. Now, the goal of this podcast is
- 0:14solving business problems, problems with sales, marketing,
- 0:18customers, side hustles, career if you're a sales, if you're a
- 0:21career salesperson or other things that could be holding
- 0:24your business back. Now, if any of these things
- 0:26resonate with you, then this is the show for you.
- 0:29So subscribe on Spotify, YouTube, Apple, or any player of
- 0:33your choice. And if you'd love to connect,
- 0:36please call or SMS or WhatsApp me on 08064662140.
- 0:43Today on the podcast, I want us to figure out how do we know if
- 0:47we have a sweet customer on the line?
- 0:51How do we know if this is a good customer interaction that we're
- 0:54having? How do we know if this is a deal
- 0:58that is worth pursuing? How do we know if this is a deal
- 1:02that is likely to close? Sorry, I can't come up with a
- 1:05more concise way to, you know, to say exactly what it is that
- 1:09we're doing today. But basically, OK, you guys know
- 1:14that I coach, I consult, I train, and lots of times I'm
- 1:18talking to business owners while I'm talking to sales people and
- 1:21they feel like, oh, what this deal is a is a sure thing.
- 1:24Sure, banker like this one will close and I ask why and they say
- 1:29I know when I was talking to the guy the way he was responding,
- 1:32you know, I say like this, they say like this, we are laughing,
- 1:34we are vibing. Or when I was talking to her the
- 1:37way she was talking, you know as in the vibe.
- 1:40The you understand some people just feel as if the vibe is
- 1:44cool. Therefore this deal will close.
- 1:48Unfortunately, that is not the case now because of the nature
- 1:53of businesses that some of you are involved in.
- 1:55It would take a while before this thing clicks.
- 1:58But I started off in the event space, weddings in particular,
- 2:03and this thing used to happen to us a lot all the time.
- 2:06You meet a bride at the bridal show.
- 2:08You guys are hitting it off cool.
- 2:10You are laughing, you're joking. You're like, oh man is the
- 2:13correct babe. You know, you feel as if this
- 2:16one is a done deal. She calls you for the meeting.
- 2:20You show up to our house. Our parents love you, you know,
- 2:24the the bride to be loves you. Everybody's feeling you.
- 2:26They will offer you breakfast. They give you some wine, you
- 2:31know, you relax, you have breakfast, you know, you have
- 2:35omelets and sausage and just gisting, you're feeling as if
- 2:39everything is cool. This one has happened to me
- 2:41before. I'm serious.
- 2:42That's happened to me before. We had omelets, sausages, eggs.
- 2:47What again do we have? We have some wine, you know, in
- 2:49the hotel was Mumsy that paid. That's the old mumsy.
- 2:52I pay for everything. Then when the time came home,
- 2:56I'm sorry we've gone with somebody else.
- 2:57I was like how after all this time that we spent together, how
- 3:04I was now feeling like a jutted lover.
- 3:06Like like all of us are cool now.
- 3:10Like we're on a first name basis.
- 3:12You know, me, my family, I know all of you like one of the first
- 3:16name basis. Like how so when you're in
- 3:21service industry, like events, you learn quickly there's not
- 3:26everybody that is shining teeth with you that this deal is a
- 3:29correct deal, that this deal is going to close.
- 3:32So it's something that we wedding photographers, wedding
- 3:35videographers, those of you who do catering for weddings, those
- 3:38of you who do cakes, you know, things like that.
- 3:41You learn very quickly there's not everybody that smiles with
- 3:43you that's going to end up giving you money.
- 3:47So if these subjective ways of figuring out how a deal is
- 3:50going, subjective just means, you know, on a personal level,
- 3:53like how I'm feeling you, how now they feel me, like what's
- 3:57the vibe? All that is subjective.
- 3:59If all these subjective things cannot let us know how is the
- 4:02deal going, then are there any other tools we can use?
- 4:06The answer is yes, there are objective.
- 4:10Objective means doesn't depend on me, doesn't depend on you.
- 4:13We have to ask ourselves the question.
- 4:15We either know the answer or we don't.
- 4:17If we know the answer, we know whether we're leaning positive
- 4:20or negative or neutral, but either way, there are questions
- 4:25that we can ask. So today I want us to look at
- 4:28the objective questions that will help you determine whether
- 4:33this conversation is a sweet deal or not because believe me,
- 4:37it happens all the time. Like for the crew, then I'm
- 4:39training in solar is one of the guys was very happy and I said,
- 4:43what's up now You're really vibrating today like you're on a
- 4:46high note. What's going on?
- 4:47He said I'm talking to somebody more.
- 4:50This is going to close. I said it's going to close.
- 4:52Fill me in. I said no problem.
- 4:54I called the guy. Guy is baiting Bouchy.
- 4:57We're talking, talking, talking, talking, talking, talking.
- 5:01The deal might close at so million, but to be honest, even
- 5:04if we manage and collect 11, you'll still be OK.
- 5:07You know, based on logistics and this and this and this.
- 5:10The guys say, you know, you do power payment 80%, blah, blah,
- 5:13blah. And you know, when I was talking
- 5:15like this or saying this, the way that we are flowing, the guy
- 5:18sounds educated in this sort of thing.
- 5:21Sounds like he has done his research.
- 5:22Like forget this thing is a done deal.
- 5:25Congress, Congress. It's always nice when you have a
- 5:27good call. He said thank you, Sir, it's OK,
- 5:29But you know what, let me ask you some more questions.
- 5:30So I fire a shoot. I said OK, so budget, did you
- 5:35guys discuss money expectations? He said of course.
- 5:37Now, now the guy said he's willing to drop 80% and I'm
- 5:42thinking maybe if this thing comes in at 11,000,000 will be
- 5:44OK, even though what I proposed to him was, you know, XYZ
- 5:47million. I said, did you ask him if the
- 5:50budget was OK? He said no Sir.
- 5:53I said did you get feedback on the budget?
- 5:55He said no, Sir. I said in that case, we can't
- 5:57really say that we know anything about the budget.
- 6:01The framework I'm using, by the way, now is band.
- 6:03Band is BANT. It's a qualification.
- 6:06And what's it called? Again?
- 6:08Qualification and discovery is a qualification and discovery
- 6:12framework. These are frameworks that you
- 6:14use to be able to figure out if you have the key elements, the
- 6:19key ingredients in closing a sale.
- 6:21They also do things that guide you so that you know the
- 6:23important questions that you ask somebody during the sales
- 6:28process. Because if you don't ask these
- 6:29key things, if you don't put your mind and put their mind on
- 6:33these key things, then most likely you do not have the sale
- 6:36And for band as a qualification framework that is budget
- 6:40authority, need and then timelines.
- 6:44So budget now, that's why you have all these money
- 6:46conversations. Did you explicitly have the
- 6:49money conversation? No, somebody saying he's willing
- 6:51to do part payment of 80%, I mean, that's good.
- 6:54But The thing is, you know, you need to ask.
- 6:57So like in my own case, if somebody says that we need to do
- 7:00part payment, we have been throwing around some numbers.
- 7:03The low figure is 11, the high figure is 13.
- 7:06As they're on the phone, I'm using my calculator and doing
- 7:09some small math so that at the end of the day, I want to be
- 7:11able to ask together. OK, Sir, I like the way the
- 7:14conversation is flowing. You say that you're willing to
- 7:17do a part payment. So does this mean Sir, that if
- 7:22all the technical specs, if all the technical specs are correct,
- 7:28you would be going, you'd be willing to go ahead on this
- 7:31project to the tune of either 8 million or 10 million?
- 7:35You'll be able to make that as a deposit.
- 7:37I will ask upfront and hear him say nay, yes or hear him say no.
- 7:45It is only when I have gained feedback on the budget that I
- 7:48will now know whether we are good to go because somebody will
- 7:51say no. When I said part payment of 80%,
- 7:53what I meant was part payment of 80% is realistic is doable.
- 7:59It's not as if I have that kind of money and I'm ready to drop
- 8:01it. You see, there's something in
- 8:05business or in sales that people call happy years.
- 8:07Happy years just means we hear what we want to hear.
- 8:10So you need to know and this one reason why we have to ask
- 8:14questions a lot because a lot of times we're hearing what we want
- 8:18to hear. That couple that dealt with me,
- 8:24they did me as if I'm a jilted lover.
- 8:27I was here what I wanted to hear.
- 8:29The fact that people invite you into your home, the fact that
- 8:32they give you wine, the fact that they give you eggs and
- 8:35bacon and sausage, the fact that they are paid up, the fact that
- 8:38they're asking after your children by name does not mean
- 8:42this deal is going to close. And the fact that the bride's
- 8:47parents have, you know, putting you on a first name basis does
- 8:51not mean this thing is going to close.
- 8:54You ask in that case, I didn't ask them anything.
- 8:58I went, I made the proposal. I showed them my samples.
- 9:03They said we'll think about it. They said the quality of my work
- 9:06was wonderful. I gain, I didn't ask feedback on
- 9:09nothing. I didn't ask feedback on
- 9:11nothing. I saw when I did my follow up to
- 9:14say, oh, it's been a while. I've heard from you say, oh,
- 9:16sorry, I forgot to tell you, we've got for somebody else.
- 9:19I thoroughly mismanaged the sales process.
- 9:23And that is why I had that feeling of a young man who calls
- 9:27his girlfriend and then she's in the arms of another man.
- 9:30She was never yours to begin with, my guy.
- 9:32You just didn't know. So that's the situation that I
- 9:36found myself in. And lots of us, we find
- 9:38ourselves in our situation in business a lot.
- 9:40But we need to ask budget. We need to get feedback on the
- 9:44budget. Based on what we've discussed,
- 9:48based on these samples we've seen, based on the technical
- 9:51aspects that we're discussing, it could cost anything between
- 9:5511,000,000 to 8 million to source this sort of thing.
- 9:59How far what do you think about that?
- 10:01Is that a reasonable budget? Is that something you're willing
- 10:03to pay? Is that something you're willing
- 10:05to invest? How does that match up with your
- 10:07budget? And then hear what they have to
- 10:09say. Don't assume the fact that the
- 10:12guy is still laughing with you. Maybe he's just being polite.
- 10:17He wants to say no, he just don't know how.
- 10:20Especially since, you know, you seem to be a correct guy, you
- 10:22seem to be a correct girl, and he will vibing real well.
- 10:25So gain feedback on the budget, gain some clarity on the budget.
- 10:32Ask some direct questions on money expectations.
- 10:38Is this more than you're willing to pay?
- 10:41Is this the kind of figure you had in mind when you reached
- 10:43out? How does this relate to the
- 10:47other quotes that you have? See there are 1,000,000 and one
- 10:50ways of asking these sorts of things.
- 10:52But The thing is sit down with your GPT and come up with sorry
- 10:561 moment. OK, sorry about that.
- 11:00One of my kids is just walked in.
- 11:02You know I left my door open while I was making the
- 11:07recording. Where was I?
- 11:10So I was saying sit down with your GPT, sit down with Google
- 11:13Gemini, sit down whatever it is you like and try and brainstorm
- 11:17the possible ways that you can have money conversations that
- 11:20you can have budget conversations that you can
- 11:23discuss. You know, the range, the budget
- 11:26range ranges that people have in mind, you know, before talking
- 11:29to you. So budget in this case.
- 11:34Now the customer that the that this solar sales Rep was talking
- 11:39to you about she for budget. Did we gain clarification?
- 11:43No, we didn't. So budget well, we know that you
- 11:47guys had part payment 80% no problem.
- 11:51We know that we mentioned 11,000,000.
- 11:52We know that you mentioned 13 million.
- 11:55You know we didn't get any feedback.
- 11:56What's your budget? Let's write that down.
- 11:58Next thing is authority. Authority now in month means we
- 12:04have to get close to the person who is willing and able and
- 12:08capable to make the decision because lots of times lots of us
- 12:11are talking to people who have no authority.
- 12:14Again, that is something that you learn very quickly when
- 12:17you're in the event space like I was, because sometimes somebody
- 12:20will call you and she'll be very friendly and you people will
- 12:23talk and you talk for 45 minutes and you feel as if this deal is
- 12:29going somewhere. After three weeks, you will now
- 12:31discover that she's the sister of the bride, that she's the
- 12:34younger sister of the bride. It is there that the story will
- 12:37now start taking a nasty turn because in the event space, we
- 12:43all know that the younger sister of the bride, even if she likes
- 12:46you, she can't force her big sister to use you.
- 12:48She can't. It's not her own wedding.
- 12:51This is how we use whoever it is that she wants to.
- 12:55So in the wedding space, we learned very quickly for those
- 12:58of us who deal with things on the bright side, that if you're
- 13:01not talking to the bride direct, chances are you might be wasting
- 13:04your time. So the cousin of the bride, the
- 13:08sister of the bride, the you know, there are some cases where
- 13:12people can pull rank. Like if I'm talking to the
- 13:15parents of the bride direct, Oh yes, no problem.
- 13:17Because after all, they're the ones who will pay.
- 13:21So yes, the parents of the bride, they can pull rank.
- 13:23Although I didn't like those situations because there are
- 13:25some, those one situation in particular where the parents,
- 13:27they liked me, but the bride, she hated me.
- 13:30I said Wahala when I showed up that day, the Brad, she just
- 13:34squeezed her face because she wanted one celebrity
- 13:36photographer but the parents picked me.
- 13:38MENA. Brad was angry.
- 13:39I said hey, you don't help anyway, what was I so authority?
- 13:45We have to be talking to the person who is willing, who is
- 13:48able, who is capable to make the buying decision to initiate the
- 13:53transaction. So in this case, the person that
- 13:57they were talking to in Bauchi, it's a business.
- 14:00What they want to do is they want to charge, create a
- 14:03charging station for phones, laptops, you know, all these
- 14:07sorts of things. So I asked the salespersons, OK,
- 14:10cool, no problem. On authority, what information
- 14:14did we find out? Do we find out whether he's
- 14:16doing this business in partnership with other people
- 14:19or? No, I didn't ask.
- 14:21It's nice to ask this sort of thing.
- 14:23I mean, if it's a business, there's a way you can stylishly
- 14:27ask to figure out whether he's in this, you know, alone or not.
- 14:31Because OK, let's let's put it this way.
- 14:32You can't be talking with the person.
- 14:33You say, ah, now boss, this sounds like a very wonderful
- 14:36idea, but your business partners, I hope they're on
- 14:38board with all this. The person says, oh, no, I don't
- 14:41have business partners. I'm a sole owner of this
- 14:43business. Now you know that in this case
- 14:47there is no other person you need to talk to so you can see
- 14:52that they're stylish. Where you ask, you don't ask
- 14:55him. Are you the one who is going to
- 14:56make the decision? I know that's too direct.
- 14:58You, you, you will, you will insult somebody.
- 15:01So like in this case, what is your, what do your business
- 15:04partners think or you and the members of the board?
- 15:08Is everybody in agreement? It is then you now know for sure
- 15:13now, Oh yes, I have a board, but the board does not make these
- 15:16sorts of decisions. These sorts of decisions fall
- 15:18within my own purview. So we're fine.
- 15:22We're good to go. So authority, what do we know?
- 15:26Nothing, by the way. See, I'm not trying to bust the
- 15:29guys bubble. Oh, I'm not trying to humiliate
- 15:31the guy to say this is not a deal.
- 15:33I'm just trying to let him know. And I'm just trying to let you
- 15:36know that is not every single sweet conversation where people
- 15:39are shining teeth with you guys. A is is a is a done deal.
- 15:44So continue to be sweet and cool people.
- 15:47I continue to shine teeth is all good.
- 15:50In my own case, they invited me to give me wine.
- 15:53They gave me sausage, they gave me bacon, you know, eat the
- 15:56bacon. But then we focus ask the
- 15:59questions that you need to ask about budget, about authority,
- 16:04about need, about timeline. Then I said OK, need, what do we
- 16:09know? So authority, we don't know
- 16:10anything. So need what do we know now?
- 16:13Well, don't want to use it to power the place where they're
- 16:17going to be charging phone, charging laptop, you know, all
- 16:19these sorts of things. That's OK, No problem.
- 16:21Yeah, that's a need. But did we go deeper?
- 16:24Have they tried solving this problem before?
- 16:27Is it that they're using NEPA to do this thing now, but NEPA is
- 16:30messing them up, so that's the reason why they want to invest
- 16:32in solar? Or is it that they've been doing
- 16:34Napa plus Gen. but NEPA plus Gen. the cost is too high, so
- 16:38maybe that's why they're thinking of solar.
- 16:41I don't know. Well, you need to ask these
- 16:44kinds of questions because it gives us a sign as to how
- 16:47serious this person is that we are having a conversation with.
- 16:51Because sometimes some people are just curious.
- 16:54They might be doing this business and they're doing it
- 16:57with NEPA Plus Generator. And with NEPA Plus Generator,
- 17:00their profit margins are fine and maybe they're doing 800 K
- 17:041.2 every single month. And so they're doing OK.
- 17:08It's just that, you know, the business partner said go and do
- 17:11some research. So I'm just calling to do some
- 17:14research. It will be nice to know that the
- 17:17person you're talking to is just doing research.
- 17:20It's not as if he has a problem that he's trying to solve.
- 17:24If that's the case, you will continue to reduce with the
- 17:26person on a research level. No need for trial close, no need
- 17:33for strong closing tactics is a simple matter of OK, sure, no
- 17:38problem. Let me learn some more about
- 17:40your business. Here are the figures that you
- 17:42need. You know, can I be in touch, you
- 17:44know, in case things change in the future, Can I add you to my
- 17:47e-mail list? You know, once in a while you
- 17:49call the guy what's up? How's business doing?
- 17:51So maybe we hear that the National Grid has collapsed or
- 17:55something like that, You know, because our National Grid in
- 17:57Nigeria is always collapsing. When National Grid collapses,
- 18:01you call the guy again, what's up?
- 18:02How you did? How's business this National
- 18:04Grid? Obviously no to only thing no to
- 18:08has you guys over there about you, you know, you have the
- 18:10conversation and laugh about it. Maybe that's the way you now
- 18:13stylishly used to bring this thing up again.
- 18:15Now come you know what national greed is collapsing at this rate
- 18:186 times every year. Are you sure, even though you
- 18:21are just curious, I sure you should not just consider this in
- 18:25seriously. Let me put together a proposal.
- 18:26Let's see what we can do for you know.
- 18:29So that's how you entered the conversation again.
- 18:31But at least you know that the person who's doing research,
- 18:33this is not somebody they're going to be following up, you
- 18:36know, close marking like that. But ask these questions.
- 18:42So need, what do you know about their need?
- 18:44No, we don't know much. And then timeline.
- 18:47Timeline means we need to get a sense, excuse me, of when these
- 18:52people are willing to make a decision.
- 18:53How ready are they to make a decision?
- 18:59Yeah, that's that's it. Basically, one way of figuring
- 19:04out is just to ask, like me, I always start with, you know why
- 19:07now? So how come you guys are looking
- 19:08at this now? That is when people will say,
- 19:10oh, the reason why I'm looking at this now is because of XYZ
- 19:14and this and this and that. So because of that, this is the
- 19:16kind of thing that I want to make sure we finish before
- 19:18November of 2025. In that case, in my head, I now
- 19:23have a rough date, November ish. It gives me a sense of whether
- 19:29these people are serious and how to continue to pursue them.
- 19:32So I say timeline. What's the timeline?
- 19:35I don't know. Now, I don't think it's sunk in
- 19:40with this guy, but I hope it's sinking in for you that it's
- 19:43possible for you to have a sweet conversation with somebody.
- 19:46You will are laughing at shining teeth by the end of the day.
- 19:49Budget, you know nothing or you have confirmed nothing.
- 19:54Authority decision maker, you have confirmed nothing.
- 19:58Need you have confirmed nothing. Timeline, you have confirmed
- 20:02nothing. In that case, I can't say it is
- 20:06a good deal. I can't say it is a bad deal.
- 20:09But I can say that there are lots of things we need to
- 20:11confirm before we even know whether this thing is actually
- 20:13sweet or not because it's not by the level of shining teeth.
- 20:18So like I said. Some of you may because of
- 20:21nature of your business, you understand what it is I'm
- 20:23saying. But if you know somebody who has
- 20:26been in the event space, especially weddings, one ask
- 20:31them. They will be able to relate to
- 20:32you and tell you that what I'm saying is true.
- 20:35There are some people that you will assume like ah man, like
- 20:40we're now best friends. You now find that they gave the
- 20:45job to somebody else. So it's not that the customer is
- 20:50confused, it's not that they are deceitful, it's not that they
- 20:54are liars is that you didn't do your homework, you didn't ask
- 20:57the right questions. So that's one example of a
- 21:00qualification framework. But budget authority need
- 21:03timeline. I've made lots of episodes about
- 21:05it before. So when you're done listening to
- 21:08this episode, Scroll down. We have over 1200 episodes.
- 21:11Just be looking for anything that has BANT in it or
- 21:15qualification in it or discovery or qualification and discovery.
- 21:20Some of the older episodes, I haven't called it conversation
- 21:23framework. So anything that has
- 21:25conversation, you know, you have some more details.
- 21:27So that's one. So you can see that there are
- 21:30ways that we can objectively know whether we have a good deal
- 21:34or not. But please do not be deceived.
- 21:38It's not according to the level of how somebody is smiling with
- 21:41you, because if that is how you judge all these things, you will
- 21:47find yourself getting heartbroken plenty of times
- 21:52during the year. If bad, sounds too complicated.
- 21:59Brian Tracy used to talk about want, need and afford.
- 22:04That is one of the simple qualification frameworks that he
- 22:08recommended in his older, older stuff.
- 22:10Do these people want this thing? Do they need it?
- 22:12Can they afford it? And then some people like to
- 22:17throw in urgency. Is there a sense of urgency?
- 22:19So let's look at it. Want, need, afford an urgency.
- 22:21So back to this case in Bauchi. What do they want?
- 22:24This is what they said they want.
- 22:26Why do they want it? We don't really know.
- 22:29So can we say that there's a want?
- 22:31Well, on the face of it, that's what they said.
- 22:33But how sure are we? We don't know.
- 22:37Is there a need? Well, this is what they said,
- 22:40but how sure are we? We don't know.
- 22:42So you can see that want I need is sketchy.
- 22:45Even though they were laughing and we're talking and wash
- 22:47shining teeth. Want I need is sketchy.
- 22:50I'm not sure. OK, afford.
- 22:52And the guy said he's willing to do part payment 80%.
- 22:56But did we clarify? Did we confirm?
- 22:59No, we didn't confirm. OK, but so that I won't sound
- 23:02like I'm a bad guy, let's just say afford.
- 23:05Yes, no problem. Afford.
- 23:06Let's say we have confirmed it. Urgency, when are they willing
- 23:11to take action? Is there any sense of urgency
- 23:15When, when do you think this thing is likely to close?
- 23:18We don't know. So you can see that in this
- 23:19case, want need afford urgency. Want we are not sure.
- 23:24Need, we are not sure afford. OK, well, sure.
- 23:28Urgency, we have no idea. So you can see that when you
- 23:32start using objective criteria, you now start getting a sense of
- 23:35whether this is actually a good deal or what else do I need to
- 23:43confirm next time I'm talking with this guy to know if this is
- 23:46a good deal. So qualification frameworks,
- 23:50there are plenty. Take your chart GPT, go and do
- 23:54some research on qualification and discovery frameworks.
- 23:58Or go and check YouTube, lots of videos on qualification and
- 24:02discovery frameworks. But either way, do not judge how
- 24:05good a deal is based on the level of how you guys are
- 24:11shining teeth or in my own case, whether they offer you wine and
- 24:14whether they offer you breakfast.
- 24:16So that's it. And that's all for today.
- 24:20Remember, if you'd love to connect then you can call SMS or
- 24:23WhatsApp me on 08064662140. Thanks for your time and
- 24:29attention. I will catch you next time.
- 24:31Same place in your headphones or in your speakers.