Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / How to Spot a Million-Naira Customer in Your DMs
Transcript
- 0:00Hello and welcome to the High Table, the Oracle's Chamber.
- 0:05This is the inner sanctuary, the conclave of elders, where we
- 0:09talk about sales and marketing, money tactics, strategy,
- 0:14business growth, and solving business problems.
- 0:18Today I want us to talk some more about qualification.
- 0:23For those of you who are new to the podcast, qualification just
- 0:26means the process when we're trying to build a relationship
- 0:31or when we're interacting with potential customers, potential
- 0:34clients, potential stakeholders. And then we have a process or we
- 0:37have a framework for trying to decide upon which people, which
- 0:43interactions, which messages, which calls, which meetings are
- 0:47worth spending time on because not everybody is worth spending
- 0:51time on. Now everybody has equal dignity
- 0:54as a child of God, and we're supposed to respect everybody.
- 0:58But now money would be fine. So because of that, it makes
- 1:02sense to prioritize the calls, the meetings, the interactions,
- 1:06the DMS so that we spend time with the people where we have
- 1:10the likeness, the all I say now, the highest likelihood of
- 1:15closing a deal, the highest likelihood of making some money.
- 1:20So that is what we're going to be talking about today.
- 1:22How do you qualify people? How do you decide which
- 1:25interactions with messages, which calls, which meetings,
- 1:28which, which waka, which, whatever is worth spending time
- 1:32on because we don't like dealing with time wasters.
- 1:37However this is the problem because lots of Nigerian
- 1:41business people, lots of Nigerian business owners, lots
- 1:44of Nigerian salespeople who sell on behalf of someone else
- 1:47because they don't have a process for dealing with these
- 1:50sorts of things. People just do how I put it.
- 1:53You just use got feel or you just do anyhow.
- 1:55Anyhow, you know, somebody sends you Adm and the DM just looks
- 2:00one kind. You just send the person back
- 2:01your price list, a price list that you already, you know,
- 2:04prepackaged. I propose I really pick up it.
- 2:06You just send it like that with the attitude of any, if they're
- 2:09interested, they will call me back and then they'll follow up.
- 2:13So for a lot of people, that is how you are deciding that this
- 2:16is the important person to deal with.
- 2:18You don't have a process for interacting with people.
- 2:20You don't have a process for figuring out who is this person
- 2:23that is calling me? Who is this person that is D
- 2:25Ming me? What do they want?
- 2:26The thing is just that if somebody enters your DM, you
- 2:28will now send them price list. If they're serious, they will
- 2:32call you back. Then that's how you know that
- 2:34you're dealing with a serious person.
- 2:37That's not a bad approach, but that approach only works when
- 2:41you're dealing with low hanging fruit, when you're dealing with
- 2:44people who are already motivated and who already desperately want
- 2:49what you need or Shah, they've decided that they want to work
- 2:51with you. Those are the people that you're
- 2:52going to work with. So if that's your approach,
- 2:55people enter into your DM, you just throw down price list.
- 2:59You're leaving a lot of money on the table.
- 3:02So you need to come up with a process of qualification.
- 3:05You need to come up with a framework for how am I going to
- 3:10interact with these people? How am I going to respond to
- 3:12these messages? How am I going to respond to
- 3:14these calls? How am I going to respond to
- 3:16these meeting requests so that I can filter through and determine
- 3:21these ones are worth my time. Let me pay attention to them.
- 3:23These ones are not worth my time.
- 3:25Let me disregard them. But Please remember that we
- 3:28respect everyone, OK? Every human being has inherent
- 3:33dignity. It's just that now money will
- 3:35define. So we have to prioritize people.
- 3:38They have the highest likelihood that at the end of the day, some
- 3:41good money went to our accounts. At the end of the day, we'll
- 3:44hear ping him, but still respect everyone.
- 3:48Now before we get to the meet of the matter, if you'd love to
- 3:53connect with me, you can call me, send me a text message or
- 3:56send me a WhatsApp message on 0806466 2140.
- 4:03If you're interested in the 15 minutes, he'll audit WhatsApp me
- 4:06on the same number 08064662140. Or you can join my WhatsApp
- 4:12channel, just send me a message on the same number and we'll get
- 4:15you started. Now today to discuss this, since
- 4:18I've already made a prior podcast episode, you know, from
- 4:21a theoretical perspective, today I said let me come up with a
- 4:25case study. And today's case study is a
- 4:28fictional case study. So if this company sounds like
- 4:33yours, it's just a coincidence. If the name sounds like yours,
- 4:37it is just a coincidence. Although I went to school with a
- 4:41lady, for me, very brilliant young lady, I thought she was
- 4:48going to end up in marketing or branding or something like that.
- 4:51But I think she studied international jurisprudence and
- 4:54she's currently in America right now.
- 4:56I can't remember who she works with.
- 4:57But anyway, you know, she has taken the intellectual, the
- 5:02intellectual path and put it like that.
- 5:04And so she's an international jurist.
- 5:06Jurisprudence just means legal philosophy.
- 5:09My first background is in law. So in a sense, you could say
- 5:13that the case study today, the lady for me that I'm talking
- 5:17about today is who I thought my classmate for me was going to
- 5:22become. So for me, if you're listening
- 5:24and you went to school with a chap named Tave, you went to
- 5:26school in over you. Yep, this character is loosely
- 5:29based off of you, but everything else is purely fictional.
- 5:32So this is a fictional case study.
- 5:35Now, some of you say, what's with all these fictional case
- 5:37studies? The whole point of the fictional
- 5:40case studies is it's a story and it's made-up.
- 5:42I'm trying to illustrate some principles.
- 5:46I'm just trying to put some concrete circumstances on
- 5:48ground. And of course, not every single
- 5:51case study that I come up with on the podcast is made-up.
- 5:54But don't just work with me here.
- 5:56But anyway, this is the reason why I give my phone number at
- 5:59the beginning and at the end of every single episode.
- 6:00If you think the case study doesn't make sense, call me.
- 6:05Send me a text message or a WhatsApp message.
- 6:08If there's something in the case study that doesn't quite hit you
- 6:11right, call me. Send me a text message or a
- 6:13WhatsApp message. If the case study seems to make
- 6:18sense with you and you want to know how you can apply these
- 6:21principles in your business, please call me.
- 6:23Send me a text message. Send me a WhatsApp message.
- 6:26That's why every single episode I say it 08064662140 now.
- 6:32Let's get straight to it now, Fumi, now she's in the Nigerian
- 6:37branding space, but she's not just an anyhow anyhow branding
- 6:43person. She's not just someone who
- 6:44designs logos. Unfortunately, most Nigerian
- 6:47branding people, their job is just logo.
- 6:50Honestly, don't say that. They are brand specialists at
- 6:52the end of the day now just logo you're paying for.
- 6:56So let's say for me, I take them.
- 6:58I say for me, for me has taken a different approach.
- 7:00She doesn't just design logos, but she's looking for dying
- 7:04brands that businesses that have existed before, that have had
- 7:10some customers before, people already know them, but maybe the
- 7:16brand is kind of on the decline. And so for me spiel, is that OK,
- 7:21hire me, we'll take this, your business that is stagnating, we
- 7:25go boost them, we'll give them life.
- 7:30Now this approach obviously is a smart one because a lot of you
- 7:34people in the branding space, all of you people are targeting
- 7:37people who are just starting out brand new.
- 7:40They'll be complaining that Nigerians don't value brand.
- 7:43You're targeting people who are starting off brand new.
- 7:45Somebody who's starting off brand new, does the person have
- 7:48all the millions that you're charging?
- 7:49They don't. So perhaps, perhaps this is just
- 7:55a guess. So perhaps those of you in the
- 7:58branding space in Niger, perhaps people should be taking this
- 8:01kind of approach. If you look for a business that
- 8:03has already been in existence, but they're kind of stagnating
- 8:07and you're selling a branding refresh or something, you know,
- 8:11it's a business that's already there.
- 8:12They're already used to this whole cycle of making money and
- 8:15spending money. Perhaps it might be easier to
- 8:17collect millions from those people than to try and collect
- 8:19millions from people that are just starting.
- 8:22It's just a thought For those of you in the branding space.
- 8:24It's a thought. So let's say that that is Fumi's
- 8:29approach. Now let's say Fumi has been
- 8:32doing OK. You know, business is OK, but
- 8:36could be better, you know, now. And then now she's at the stage
- 8:41where her DM is always full, Instagram DM full, LinkedIn DM
- 8:47full, e-mail inbox full. But she's tired because you open
- 8:54the message, look through messages, blah, blah, blah.
- 8:56And it just looks as if, man, people here are just wasting her
- 8:59time. And these are people who can't
- 9:02afford her. I look, it's normal.
- 9:06Like I give my phone number at the beginning, at the end of
- 9:08every episode. And yeah, quite frankly, 80% of
- 9:12the people who reach out to me cannot afford me.
- 9:14So that is just normal. That's just how business is.
- 9:19If things were different and you know 80% of the people who reach
- 9:23out to you could afford, you would all be billionaires.
- 9:27Well, let's have the right expectation, right?
- 9:30A lot of the people who are going to reach out to you, you
- 9:32know, it would not be a good fit or they can't afford you or
- 9:34they're not ready to take action now, or priorities are
- 9:37different. It's just a normal something.
- 9:38So we should not get discouraged because you open up your DMS,
- 9:42you open up your WhatsApp messages, you open up, you know,
- 9:45you take phone calls and it looks as if lots of people can
- 9:47afford you. Don't get discouraged.
- 9:49It's just a part of the business.
- 9:51That's just how life is. That's just our businesses.
- 9:56Most of the people who come across your path are just
- 9:58walking through the just curious.
- 10:02Look, you never know. But don't get offended by these
- 10:05things and don't lose hope. So let's say now this is for me
- 10:10state of mind. Like what's the point?
- 10:12Open Instagram DMS, time wasters, open my e-mail, time
- 10:16wasters. Everybody does to waste my time
- 10:21so fuming will now come up with this idea which most Nigerian
- 10:25business owners do, which is if the message looks
- 10:29unprofessional, what she'll do is she'll just send them PDF
- 10:33price lists with our prices there.
- 10:36You know premium package 15,000, this package 10,000 so I say
- 10:411000 millions. Premium package 15,000,000
- 10:44standard package you know 10 million, this package 5 million.
- 10:47The whole idea is by the time she send the price list, by time
- 10:50somebody sees 50 million, they'll say hey, and then
- 10:52they'll just evaporate to disappear.
- 10:55So there's only people who have 50 million that will call her
- 10:58again. This is not a bad approach at
- 11:02all. It's not a bad approach.
- 11:04This whole thing of create your price list, send it to them, the
- 11:08jokers will see it and run away. It's not a bad approach, but
- 11:11like I said, you're only going to be dealing with low hanging
- 11:15fruit. There's still value to be had.
- 11:19So let's say for me now, one day you're just minding her business
- 11:22and then a WhatsApp message just comes in.
- 11:26You just say hello. She will see the profile
- 11:29picture. See, that is a small boy.
- 11:30You just say hello. Now, ordinarily for most people,
- 11:34and I've done this myself in the past, using this kind of
- 11:37message, the person looks like a small boy.
- 11:38The person looks like a small girl.
- 11:39They just say hello. You just signal.
- 11:44I'm ashamed to admit it, but yes, I've done it before.
- 11:47But The thing is, that person that you're ignoring, how do you
- 11:52know that a person is indeed a small boy?
- 11:56There's somebody that I was engaging with.
- 11:59That other person was quite young.
- 12:01By the time we chatted some more.
- 12:03It actually was her daughter's picture that she put up there.
- 12:09Hope you hope you feel me. I saw a picture of a small girl.
- 12:14Conversation started like persons and small girls, and no
- 12:16problem, man. Following the yarn as we were
- 12:18yawning, it's like, oh, actually he's a very senior woman.
- 12:23She now put her daughter's picture as the DPA.
- 12:28Lot of us are just blanking people like, oh, this one is
- 12:32unserious. This one is unprofessional.
- 12:33But you didn't know, You didn't have a process for interacting
- 12:37with people. You didn't have a process for
- 12:39screening people, you didn't have a process for filtering so
- 12:43that you can genuinely get down to the cocoa like who is a
- 12:46senior man? Who is a senior woman?
- 12:48Who is a correct person I should be talking to?
- 12:51And then who are the small boys, the small girls, the time
- 12:53wasters, the worker pass. Let me just send them.
- 12:58Now. Let's pretend that Fermi I say
- 13:00Fermi sorry, forgive me for me because my class were a couple
- 13:03of Fermi used to. I went to a Bafemi at all
- 13:05university, the greatest university on the African
- 13:08continent, indeed the globe. Well, he's while I was there was
- 13:12a very good school. I don't know about now.
- 13:15So let's say Fumi now has been listening to my podcast.
- 13:21And then Fumi remembers that. OK, this guy Tara Shimani has
- 13:25been talking about one or two things.
- 13:26Let me try this guy. Let me see if this advice works.
- 13:32So Fumi receives a message. Profile picture looks like he's
- 13:38a small boy. Person is even typing like a
- 13:41small boy, you know, No capital, no nothing.
- 13:43Person just types. Hello, Ma.
- 13:45I saw your work. I saw your work with the old
- 13:48textile meal. I want you to build a brand.
- 13:50How much do you charge? Question mark.
- 13:53And of course, you know, I suspect the world over this is
- 13:57how it is. But in Nigeria, this is
- 13:59definitely how it happens. Hello.
- 14:02Are you available? How much do you charge?
- 14:05The first message. That's how it is.
- 14:09Hello, do you deliver to Sokoto? How much do you charge?
- 14:12Some people just be like hello, how much do you charge?
- 14:14That's all. No other background then to save
- 14:18ourselves from our take, what a lot of us to do.
- 14:20Like I said this, we don't send them price list option A
- 14:2415,000,000 option B, 10 million option C5, sorry, the other way
- 14:29around option C Abby and you get the point.
- 14:32We don't send them price list 15,000,010 million 5 million if
- 14:37that's just will continue. So this is the kind of message
- 14:41that normally for me will just delete a lot of you delete some
- 14:46of you will just send price list because the picture looks like a
- 14:50small boy. No company name, no
- 14:53introduction, no nothing, just hello, how to build a brand, how
- 14:57much you charge. It is easy to assume that this
- 15:01person is a student or let's say low budget somebody.
- 15:05The guy the also, you know, small boy, well, like I said,
- 15:09for me, has been listening to my podcast.
- 15:10So she remembers one or two things.
- 15:12And of course, what I advise everybody to do in this sort of
- 15:15situation is to engage, engage with the person.
- 15:23I recommend you pick up the phone because when you pick up
- 15:28the phone and you call honestly, within the first 2-3 minutes,
- 15:32you'll know for sure whether this is a small word or whether
- 15:38this is an opportunity worth pursuing.
- 15:40Sorry for those of you who are non not Nigerians, I guess you
- 15:44might misunderstand, might not understand.
- 15:46When I say small boy, oh boy, all I put it OK.
- 15:52I guess the best way I can explain when Nigerians say
- 15:54somebody's a small boy would just mean that it's not just
- 15:57that the person is young in age or small in stature.
- 15:59It just means that the person is OK.
- 16:03There's this English expression where you say somebody's a
- 16:05person or straw, meaning that the person is not how I put it,
- 16:11person. Let's just say the person not a
- 16:12solid prospect to be talking to. Let me just put it that way.
- 16:15Yes. So small boy, you know somebody
- 16:19not worth talking to now, no good prospects are going to come
- 16:23from this. So when we say small boy, we're
- 16:25not talking about how young the person is or how small the
- 16:27person is. So for me remembers that I
- 16:32recommend you pick up the phone. So what she does is she will
- 16:35send the guy a quick message saying, oh, thanks for reaching
- 16:41out, this is for me. I have 5 minutes before my next
- 16:43meeting. Are you OK?
- 16:45Let's just have a quick phone call and talk you through.
- 16:49And let's say the guy says yeah, Sharma.
- 16:51And then she calls. Then from the process of talking
- 16:55to the guy, she'll now realize that this small boy actually is
- 16:58a 2626 year old boy. And maybe he's the child of a
- 17:01northern industrialist. And let's say the family
- 17:04business, let's say it's a, it's a, it's a beverage factory.
- 17:07Maybe they produce a kuno geta or you know, yogurt with what do
- 17:14you call this thing fura yogurt and fura kuno geta and then the
- 17:19different kind of kuno and all these things.
- 17:21Because you know, there's some family businesses like this in
- 17:24the North where this is what they do, or northern businesses
- 17:28that what do you call these things now?
- 17:30Meals where they produce a Millet and things, you know,
- 17:33where they make, you know, like Amala and all these things that
- 17:36you turn, turn, turn, turn, you know, some of these businesses
- 17:39around in this part of the world.
- 17:41So let's just say it's that kind of situation.
- 17:43So it's a 26 year old boy, you know, the guy got the guy.
- 17:46Don't do as that. He has come back.
- 17:47And then Popsy is saying, Oh yeah, it's your turn.
- 17:51Some of you say, Tavishma, you're making things up.
- 17:54Yeah, yeah, I made this one up. But honestly, these things
- 17:57happen. When I was in Kano, one of our
- 18:00biggest clients in the office that was I was working under
- 18:03someone. The all I just know is that this
- 18:07guy, Lebanese guy, the guy had plenty of money.
- 18:09Plenty, plenty, plenty, plenty of money.
- 18:10So when they asked my Oga that this chairman within the do self
- 18:15and then my guardian blink, he just said bathroom slippers and
- 18:20nylon. I said Sir and he said yes,
- 18:25bathroom sleepers and nylon. Didn't you hear me?
- 18:28I said, Sir, all this money that he's been giving us because back
- 18:32then anytime we had to do something for the for the guy,
- 18:35my guys to charge him 7,000,007 million 7.5.
- 18:38So anytime we go and see the guy 7,000,007.5.
- 18:41And I was just wondering, since I came to this office in Kano,
- 18:45we've been to this guy's office like 5-6 times.
- 18:47Every single time 7,000,007.57 million 7.5.
- 18:50So I was curious. So I say, Sir, all this money,
- 18:54he said yes, bathroom sleepers are nylon.
- 18:56And I said how? He said, look, when your
- 19:01bathroom sleepers spoils, do you fix it?
- 19:04I said no. He said what do you do?
- 19:06I said I buy another one. I said that's it.
- 19:10The same thing with nylon bag. So all these Lebanese people who
- 19:16are here in Kano who are producing bathroom sleepers and
- 19:19nylon, their business model is they are collecting 11 naira, 55
- 19:25naira, 10/10 naira on each item, but they're collecting it from,
- 19:30you know, 10 million people or 20 million people or whatever.
- 19:36That was the first time I saw a different way of making money
- 19:39because growing up, because my mom was a marketing executive, I
- 19:45was used to like you're going out, you did Porsche market, you
- 19:52define hustle. And then what you're doing is
- 19:56you're collecting 1,000,000 millions on top one, one person.
- 20:00And then of course, you know, I went to law school.
- 20:04And so that's kind of like the profit model from us for
- 20:07lawyers. We collect 75 million from one
- 20:10person, 100 million from another person, you know, 3 million from
- 20:15another person. And then that's how we keep the
- 20:17lights on, you know, big, big money.
- 20:21From small people. So it's when I went to Kano and
- 20:24also the, oh, the Nigerians who do things the other way, they're
- 20:28collecting 11 naira from each customer, but then that one one,
- 20:33they're collecting it from 10 million people.
- 20:38So that's how the game works. So that's how I realized that oh
- 20:40OK, there's a different way to making money Then I had gone for
- 20:47my master's yet I was going to apply for my master's next.
- 20:50Then this guy in Kano, this is our client, his own son had
- 20:54finished was a Harvard or something.
- 20:57The guy was now going to come back to Niger to now take over
- 21:01this business. So yes, it's a made-up thing,
- 21:05but it happens. There are 263628 year old boys
- 21:12and girls who are finishing from Harvard, finishing from Oxford,
- 21:17finishing from London School of Economics, finishing from
- 21:21University of Hull, finishing from University of Hull is 1 in
- 21:27Australia finishing from these schools and they're coming back
- 21:31to take over the family businesses.
- 21:33So even though I've made this thing up, it is happening.
- 21:35The same thing with the gig. God is Good motors.
- 21:39I always like God is good motors but then after a while I noticed
- 21:42that they stopped calling themselves God is Good motors.
- 21:44They rebranded next was gig. Then they had some brand new
- 21:48vehicles and everything and say ah now wow that was happening
- 21:50now. Then my wife told me now oh the
- 21:52guy saw came back and took over at the company.
- 21:54I say really? She said yes.
- 21:55I went online and I checked out. Oh it was true.
- 21:59So when the pop C started the business he called it God is
- 22:02Good Motors. You know like any devout evil
- 22:06man would do. And he ran his business well and
- 22:10of course paid for his children to go and study abroad.
- 22:13The boy went abroad and learnt one or two things about
- 22:16business, one or two things about logistics, Came back,
- 22:18rebranded the company. The company is now GIGGIG
- 22:23Logistics. No longer God is good boss,
- 22:26company is now GIG Logistics. Excuse me.
- 22:31So even though this scenario is made-up, trust me, these things
- 22:35happen, They happen a lot. So this scenario is realistic.
- 22:41So for me now realizes that she actually is talking to one of
- 22:44these I just got back boys and the popsy is saying that look,
- 22:51I'm old, I'm tired. So my son, here's the key of the
- 22:54factory over to you. And the boy wants to start with
- 23:00a brand overhaul now because he be small boy that's young in
- 23:04age. That's the reason why he's
- 23:06informal just because he's Gen. Z.
- 23:08So he doesn't really know. He doesn't really know, you
- 23:11know, business tradition, business, you understand, he
- 23:16doesn't know business packaging yet.
- 23:18So it's not that the guy was broke.
- 23:20It's just that he be small boy. But the money day and this is a
- 23:24worthwhile opportunity. You will never know that if you
- 23:29just look and say now small boy delete or now small boy, you
- 23:32know, same price list. Of course you'll keep the ice
- 23:35list and digest it. But The thing is, anybody that
- 23:37shows him some modicum of respect and has the conversation
- 23:40with him, I know what not. I mean, at the end of the day,
- 23:42who do you think you will go with?
- 23:44The people that he actually had a conversation with?
- 23:47So you have no idea of knowing whether this is a small boy.
- 23:50Let me fashion him. This is a small girl.
- 23:52This is work up as you know, this is cherry where they let me
- 23:55just leave this whole thing. You will not know until you
- 23:58engage. So you need to come up with the
- 24:01process for how it is. They're going to engage in
- 24:03people. I say engaging, engage with
- 24:07people, even me. That's happened to me last year.
- 24:14Somebody reached out. Obviously he's a small boy.
- 24:18But by the time we had the conversation and we didn't end
- 24:20up working together by the time we had the conversation, yeah,
- 24:23he's a small boy. But the family business has been
- 24:27around for a while. They sell tires and they sell
- 24:31tires for, not tires for normal cars, tires for, you know, heavy
- 24:35duty machinery, you know, tractors, oil tankers, blah,
- 24:38blah, blah, blah, blah. You know, that's, that's family
- 24:40business. The young boy has come back
- 24:43after his studies and as far as he's concerned, Pop C, you know,
- 24:46they do like there are one or two things Pop C can improve.
- 24:49So therefore, the young boy wants to improve on one or two
- 24:51things. So we didn't end up working
- 24:55together. But honestly speaking, some of
- 24:57you just disregard small boy, small girl, but you don't know
- 25:00who it is you're disregarding. You don't know.
- 25:03That's why you need to come up with the process.
- 25:05Now, let's say for me also remembered that on this podcast,
- 25:08I talk about having money conversations early and money
- 25:12conversations often. I repeat, have money
- 25:17conversations early and have money conversations often.
- 25:21It's not the same thing as sending somebody a price list,
- 25:26Sending somebody the price list to scare away time wasters.
- 25:29It's a good idea. It's a good idea, but it is
- 25:32better to actually talk to someone or chat with someone and
- 25:36then fill them out, throw some figures and fill them out.
- 25:43So instead of for me sending over a price list or working on
- 25:46a formal proposal, let's say for me use the technique that I
- 25:49propose, which is you come up with a range or somebody like
- 25:53for me has to say as well, typically for a factory level
- 25:57rebrand turn around, our consulting packages are usually
- 26:01between 25,000,000 to 15,000,000.
- 26:04Is that something within the range of what you budgeted for
- 26:07this product? Sorry for this project.
- 26:09You just put it out like that. That's what I mean when I say I
- 26:12give a range. You just tell the person that,
- 26:14oh, OK, Based on what we've spoken about so far, it's
- 26:17looking like we could fall between here and between here.
- 26:20How does that sound before? Like between here, between
- 26:22there? Is that something you're
- 26:24comfortable investing in at the moment?
- 26:26It looks like you can fall in between this and fall in between
- 26:29that. Does either of these scenarios
- 26:31look like like they're realistic for you at this moment?
- 26:35You ask and you hear the answer. The body language will now tell
- 26:41you who you're dealing with. Some people say 50 million in
- 26:45this economy. Did I tell you my father is a
- 26:48governor? That's why you now say, OK, this
- 26:51one is a small boy and then you free him.
- 26:53Some people say 25,000,015 million.
- 26:57The lower, the lower range of 15, is that negotiable?
- 27:02The person that is talking like that, the lower range of 15 is
- 27:05not negotiable. You know the OK, this or more
- 27:09may I follow on the young because maybe do not have 15,
- 27:13but can we land at 13? Can we land at 12, maybe 10?
- 27:20That's why I say don't just throw out price list through our
- 27:23proposal. Talk to this person, put the
- 27:26figure out there. The way they shake, the way they
- 27:29move their body language, whether the base in their voice
- 27:33will reduce or not. You will now know that OK, I
- 27:36know who I'm dealing with. So from talking to this small
- 27:43boy now and getting more details and throwing out the range, if
- 27:47the guy doesn't flinch, she now knows that OK, correct, let's
- 27:51continue. If the guy flinches, she now is
- 27:54OK to literally he's a small boy.
- 27:57But either way, for me, remembers what I say, which is
- 28:02we should always be a helpful resource.
- 28:03We should not be a snob. Don't be a snob should be a
- 28:06helpful resource. So if this person truly, truly
- 28:13is a small boy, but because for me have for me has been in
- 28:16business for a while. Let's say for me has you know,
- 28:19proteges, you know, people that have passed through her and
- 28:22maybe those ones that are starting off.
- 28:24It's not a bad idea for me to just say, OK, you know what the
- 28:28your current budget is way below what is that we have in mind.
- 28:31You know, however, I have a couple of people who pass
- 28:34through me that trusted hands. You can have a conversation with
- 28:38them. I can vouch to them.
- 28:40I trust them. They're going to take good care
- 28:41of you. Pass this thing on to your
- 28:43petition. You're going to be building a
- 28:48valuable referral network. Because The thing is, when you
- 28:51have people that pass through you once in a while, you send us
- 28:54all these small, small jobs. They are very loyal, very, very
- 28:57loyal. That my cousin that I spoke
- 28:59about last year who became son last year, he's been very, very
- 29:03loyal to his Oga because he passed through another son,
- 29:07another senior advocate of Nigeria.
- 29:08And when he was leaving, he went to go and approach.
- 29:11He didn't do almost Juno as the witches.
- 29:13You just disappeared. When I told his Ogata Ogar,
- 29:16thank you very much. I appreciate everything.
- 29:17I'm starting off on my own and everything and the Ogar gave
- 29:21him, I can't remember how many volumes of books that started
- 29:24his law library. That's how we started.
- 29:26So he's been very, very loyal to that his Ogar very, very loyal
- 29:32because his Ogar said, oh, no problem, you're starting off.
- 29:35Take these books uses 1 and start your library.
- 29:38So later on when my cousin got involved in some electoral
- 29:44matter cases, so I can't remember, it was election sharp,
- 29:47but he got involved in something and you know, he needed some
- 29:51star power. You understand because as he's a
- 29:53young lawyer, he called up his OGA and of course his OGA came
- 29:57willingly. So you see how these things have
- 30:02benefits. This thing is too small for you.
- 30:05But I know some of my, my boys are passed through me.
- 30:08Let me hand it over to them. The same way when your boys,
- 30:12your juniors, your protegees, when something comes that The
- 30:14thing is big and they need help, do not call you and say, boss, I
- 30:18beg. You know, we need you on this
- 30:20one. And then of course, you have a
- 30:22court. That's how this thing works.
- 30:23This is what we call referral network.
- 30:27That's how they call referral. We they refer back and forth.
- 30:30It comes to me, this thing is too small.
- 30:32I refer it down, it comes to them.
- 30:34It seems a bit big. We need help.
- 30:35We will refer it up as our works.
- 30:40So the next time Homey is in the office and then another small
- 30:42boy just says hello, no problem, she will engage.
- 30:46She finds out there is only two 100K that the person has.
- 30:48And of course Homey is not willing to do anything that less
- 30:50than 15,000,000. The same scope is the same.
- 30:54Yeah, I'd love to help, but currently what we do is for
- 30:57medium to large scale firms, but I have a formal protege.
- 31:01They're really, really excellent dealing with startups.
- 31:04So this is her contact detail. Her name is Nika.
- 31:08Call Nika and tell her that Madam Fumi said you should, you
- 31:11should call to take good care of you.
- 31:16So if you take that approach, you now find that, you know, at
- 31:22the end of the month, at the end of the quarter, you'll be
- 31:25closing some big, big deals from people that you thought were
- 31:27small boys. You will also find that there
- 31:31are some people who you thought were correct, big boys, big
- 31:35girls, mature people. You thought they were mature
- 31:38people. But then by the time you talk to
- 31:40them in a few minutes, you see that this one is nothing.
- 31:43You know, you now refer it to somebody else, you give it to
- 31:46some of your juniors. But what I'm trying to say is
- 31:53every single business you need to come up with a framework for
- 31:55how you're going to sort through these things.
- 31:58You can't just be using guess work.
- 32:01Now, OK, the DP is a small boy. The message only said hello,
- 32:06this one, let me just send them price list and leave them.
- 32:09So come with a process for qualification in your business.
- 32:12Qualification just means you're engaging with people and you're
- 32:15trying to figure out who is a valuable prospect here, who is
- 32:18worth having a conversation with?
- 32:21Do they have a want? They have a need?
- 32:23What kind of budget do they have?
- 32:24Come up with a process, whether it's going to be a spoken
- 32:27process where you pick up the phone or a written process where
- 32:31you'd be typing into your keypad or typing into your DMS or
- 32:35whatever, but shall come up with the process.
- 32:38So this whole thing of treating every lead, every inquiry with
- 32:42respect is not just a matter of being nice.
- 32:45It also is business strategy for long term scaling.
- 32:49But shall make sure you have a process so you can start sorting
- 32:53out these interactions from the start instead of doing guesswork
- 32:59because I'm telling you, guess what can lead people astray.
- 33:02I remember one guy who reached out.
- 33:04I didn't want to answer him because to be honest, I'm sorry.
- 33:06You, I know some of you might be offended, but you know, whenever
- 33:10you're watching Nigerian movies and there's a houseboy in the
- 33:12film and the houseboy is from, you know, Rivers or Cross
- 33:16Rivers, you know that side of the country and you know that
- 33:19they usually give the houseboy that particular name, the
- 33:21particular name. It's not me, it's Nigerian movie
- 33:24makers that do that. The guy reached out to me and I
- 33:27swear the guy's name was, it was a very houseboy name.
- 33:32I was like, now, wow, if this is not the houseboy's name, then
- 33:36what is it? By the time I called the guy,
- 33:39he's a very mature fellow, very, very mature fellow.
- 33:44Good business. But meanwhile, first time the
- 33:49name show up as, ah, isn't this the houseboy in so, so, so and
- 33:53so? Meanwhile, I'm not sure fellow.
- 33:55So we need to come up with a, we come up with a process for
- 34:02sorting through and having these sorts of interactions.
- 34:05So applying these principles can be tricky.
- 34:08So if you need me to look at your particular circumstances,
- 34:10it's not a problem. Call me, Send me a text message
- 34:13or a WhatsApp message on 08064662140.
- 34:19If you're interested in a sale audit or you want me to look at
- 34:21some of your business processes, just call me.
- 34:24Send me a text message or a WhatsApp message on 08064662140.
- 34:31Or if you're shy, you don't want to talk to me, that's not a
- 34:33problem. Join my WhatsApp channel.
- 34:35Stay up to date on things I'm working on when podcast episodes
- 34:38drop and then things like that. And when you're brave enough, we
- 34:41can talk later. So that's it.
- 34:43And that's all for today. Oh, by the way, apologies.
- 34:45You know, if I did some ethnic tropes, you know, today on the
- 34:49show, but you know now manager. So you know, that's how we are.
- 34:52If we don't abuse ourselves like this, you know, abuse this
- 34:55tribe, abuse that tribe. You know, it's just it's just
- 34:57it's just normal. No vex.
- 34:58It's just just want to do things.
- 35:00Don't take it to heart, you know, because me, I'm thief and
- 35:02I'm used to it. People say, Oh, you're TV,
- 35:04you're that tribe, that they do. I get that thing all the time.
- 35:08So I have to educate people that hey, stop it, that thing is
- 35:10rubbish, it's not real. And anyway, it's just one of
- 35:14those things. So if you felt offended by any
- 35:16of this, I beg Novix. I was trying to offend you.
- 35:18All right, so I'll catch you on at the next episode.