Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / The Indispensable Duo: Why Sales and Marketing Drive Business Innovation & Value
Transcript
- 0:00Hello and welcome to the show. For today's episode, I'm
- 0:04recording in the living room and the kids are home or they're
- 0:07actually in the room doing some mine crafty kind of things or
- 0:11roadblocks, Abby, roadblocks or something.
- 0:13Anyway, so expect to hear some interruptions in the background.
- 0:16Now, the goal of this show is free business education.
- 0:18So please share, promote and talk about the show, especially
- 0:21if you think you've been getting value from it, so that people in
- 0:24Nigeria and abroad can benefit from the questions that we
- 0:27tackle. And if you have any sales and
- 0:29marketing questions, please call SMS or send a WhatsApp to
- 0:3208064662140. The country code is +234 for
- 0:38those of you who are not Nigerian.
- 0:41Now let's see. OK, today on the show, I'd like
- 0:44to look at the question, is there such a thing as a product
- 0:48or a service that sells itself? Because there's still this myth
- 0:53that is out there that or if I make this perfect thing, people
- 0:56will just be rushing me and I'm not going to have to sell
- 1:01anything. I still keep running into people
- 1:03who have this opinion and I've made some podcast episodes about
- 1:06it in the past, but I'm going to make another podcast episode
- 1:10about it today with a difference because I want to give my usual
- 1:13answer, which is that no, there's no such thing that can
- 1:15sell itself. But however, I'm going to assume
- 1:18that, OK, let's say there's something that can sell itself.
- 1:21You know, what are the implications?
- 1:22Let's explore the question. And yeah, so let's look at
- 1:27things from that angle, you know, is that sort of thing that
- 1:29can tell itself. Let's assume that the answer is
- 1:31no, and let me give you the reasons why.
- 1:33And if you say that the answer is yes, let's still explore and
- 1:36let's see any implications, if it has any implications at all
- 1:39for how Anyway, let's just explore from both angles.
- 1:43Let me just put it that way. Now, before we continue, I'd
- 1:46like to give shout outs. Oh, OK, I had to in mind, but I
- 1:52didn't OK, I can't access the other one because, you know,
- 1:55obviously it's still on Spotify. I didn't write it down.
- 1:58So for. Shout out to Emmanuel Carnaby
- 2:02and his colleague Eunice. OK, Emmanuel is a listener of
- 2:05the podcast. The Eunice is not just had a
- 2:09strategy session not long ago. So yes, Emmanuel, if you're
- 2:14listening to this episode, yeah, after I was done with you guys
- 2:16and I made this recording, so I will make a podcast episode, you
- 2:19know, talking about some of the interesting stuff that Emmanuel
- 2:23and I spoke about. Emmanuel is the manager, Unisys
- 2:26responsible for sales, I mean sales and business development.
- 2:31And they both work with a tech company that is a reseller for
- 2:38for auto. Yeah, auto is the free CRM that
- 2:42I've been speaking about on the podcast.
- 2:44I've mentioned the time and time again, that's all those episodes
- 2:46that we talk about. CRMCRM just means customer
- 2:48relationship management tool. Now the CRM is just a tool is
- 2:53something is a place, is some location, is something where you
- 2:58put all your customer data because it makes no sense.
- 3:02That's I'm also trying to build a business and while small
- 3:04business people and we don't have this place where we can
- 3:06refer to where we can find out OK, missing kitchen.
- 3:09When did we start doing business with her?
- 3:11How long have we been doing business with her?
- 3:13How many times did she buy? Did we mess up in the past?
- 3:16How did we resolve it? What projects is she currently
- 3:19working on? What is important to her?
- 3:21What is not important to her? What's her husband's name?
- 3:24Does she have children? What are her children's name?
- 3:27Just like simple basic stuff, all these kind of random things
- 3:32that someday become important when it comes to relationship
- 3:36building and establishing commonality with someone and
- 3:40greater rapport and also all looking for opportunities to
- 3:43upsell and cross sell. You know, the only way you're
- 3:45going to know now that it's time to call Madame Kechi and try and
- 3:50talk to her about your new product or whatever is precisely
- 3:53if you have somewhere or something.
- 3:57I was going to say someone, but someone would be a bad idea.
- 3:59Because the problem with the someone thing is, you know,
- 4:02people leave. So my brother and I, we used to
- 4:03be in business and for some reason my brother had this knack
- 4:06for remembering all kinds of things that he would just call
- 4:08me and say, hey today. So, so his birthday I'll be I
- 4:12was like, I don't know, I'm not sure, let me check.
- 4:14And then I check and his business birthday, then I can
- 4:16call and say, Hey, what's up? How you doing now?
- 4:18Happy birthday, How's Madam blah, blah, blah.
- 4:20And they say, oh, Tavishima, you remember everything, you know,
- 4:23Meanwhile, I don't remember everything was my brother who
- 4:25just wake up. I remember that.
- 4:27Isn't today somebody's birthday? So you shouldn't be a someone
- 4:31that should be acrm. What should be something, a
- 4:34book, a diary, an excel sheet, an app, a software, a something
- 4:42where you keep all this kind of information.
- 4:44So that is where CRM comes in. And the reason why I was had
- 4:48been talking about audio on other episodes is because since
- 4:52lots of people don't know that they need ACRM and I'm able to
- 4:55educate you guys that you need one.
- 4:57I like to look for free and readily available solutions so
- 5:00that nobody will come and tell me that look, yes, I want to do
- 5:03this one, but I can't pay in dollars, so I can't afford it.
- 5:06So that is why I spoke about the free audio Cos it was free, the
- 5:10free versions of Zoho. Let's see what else.
- 5:14And then even if you just check CRM in your, what's it called,
- 5:20excuse me, in your Google Play or whatever, you know, you get
- 5:22to see all kinds of alternatives that you can use.
- 5:25But bottom line is I don't want money to be an excuse for most
- 5:28of you guys. Joshua, start with something
- 5:32anyway. So we'll talk about more about
- 5:36that later. But where was that?
- 5:39I just wanted to say shout out to Emmanuel.
- 5:40Can you be basically, thank you very much for listening to the
- 5:43show, Eunice. Now, I hope you're a listener to
- 5:45the show because you weren't before, but after, since our
- 5:49session. I hope you are impressed enough
- 5:51with the value that I delivered. And I hope you're now listening
- 5:53to the show. I hope you're now an advocate
- 5:55and I hope you're going to talk to other people about the show
- 5:58as well. So now back to the main question
- 6:02that we're going to tackle today.
- 6:04Excuse me. Now the question is, is there
- 6:06such a thing as a product or a service that sells itself?
- 6:10Now for those of you who've been listening to me, I mean since
- 6:13the beginning, you know that my answer is capital NO with
- 6:16exclamation mark and another exclamation mark and seven other
- 6:21exclamation marks. The answer is no because
- 6:25everything in business involves sales and marketing.
- 6:30Marketing is the business function, at least according to
- 6:33Professor Professor Drucker, Peter Drucker is the marketing
- 6:36function. That's that tells people who you
- 6:40are, tells people that you exist, tells people what you do,
- 6:44tells people the problems you solve, tells people how you can
- 6:47help and tells people how you can engage.
- 6:50So the business function that does all of this tells your
- 6:54friends, your neighbors, your family members, your countrymen,
- 6:57your whatever, your ideal audience, the business function
- 7:00that tells people, this is who I am, this is what I do, This is
- 7:03the problem I can solve. This is how much I how much I
- 7:05cost. This is how I can help.
- 7:07This is how you can engage with me all that, that is the
- 7:11marketing function. Now, the marketing function is
- 7:14exercised through a number of departments or a number of sub
- 7:18sub disciplines. So, marketing is exercised
- 7:20through advertising because advertising tells the whole
- 7:23world this is who we are. We've rolled out, we've
- 7:25launched, we are here, we're in Inugu, we're in Asaba, we're in
- 7:31Abuja, we're in Sokoto, that's advertising.
- 7:35Then there is sales that also exercises a marketing function.
- 7:39Sales is where people like me go and start talking to people
- 7:42one-on-one to try and figure out what their problem is or the
- 7:46vision that they're trying to reach so we can see if their
- 7:48product, so the product that we're selling or the service
- 7:51we're selling can help them solve that problem.
- 7:53So advertising is a marketing function.
- 7:56Sales is a marketing function. For those of you who want to
- 7:59argue, you know I beg, I'm not in the mood to argue.
- 8:01Just go back to uni. Go and talk to anybody who's in
- 8:05uni right now studying bizarre mean if I even go to secondary
- 8:09school. For those of your people who are
- 8:10doing business studies, go and check your, your cousins, your
- 8:15book, your niece's book. You see there that marketing is
- 8:19the mother. All these other things are
- 8:20children because people keep people just keep on going on and
- 8:23on. Which is more important?
- 8:24Which one came first? Look, the the thing has been
- 8:26settled and it's been settled for a very long time.
- 8:29Marketing is the mother, sales is the child, advertising is the
- 8:32child. Branding and public relations is
- 8:34a child is also part of a marketing function.
- 8:37Promotions is also the child of marketing.
- 8:39So just take it. That's the way it is.
- 8:41So it's no matter of which one is better, which one is worse.
- 8:44Marketing, want to know to let the whole world know that we
- 8:46exist. These are the other functions
- 8:48that we do it advertising, sales, brand, PR, promotion,
- 8:51blah, blah, blah. There are plenty.
- 8:54So in the summary, no, because any business that you want to do
- 9:00is going to involve any of this function.
- 9:02There's no business that does also involve you shopping from
- 9:05the rooftops. This is who we are.
- 9:07We are launching, we are brand new.
- 9:09We are now here. We are now in your city, 20%
- 9:11discount. You can come and meet us in a
- 9:13suburb. These are the people that we
- 9:15help the most. This is the best way to use our
- 9:17product. I mean, whatever the messaging
- 9:19is, there is no business that is not putting out any kind of
- 9:22messaging whatsoever. So the answer is capital handle,
- 9:26full stop, end of story. However, for the sake of
- 9:30argument, let us agree. OK, yes, there's a product that
- 9:32sells itself. How is that product going to
- 9:35sell itself? Especially for people who are
- 9:37coming at you from that angle, People assume that you can make
- 9:40a product that is so remarkable. The thing is so innovative, The
- 9:45thing is so sci-fi, so futuristic, so Gibbs, so
- 9:50everything that people will just rush the moment they see it.
- 9:55OK, I agree with you. It's possible.
- 9:57Yes, we can create that kind of special product, not mythical
- 10:02product. Let's assume you even have it
- 10:04right now. Now this is my question to you.
- 10:08How will people know that this thing exists before they start
- 10:11to rush? Why you answer me?
- 10:15You really think you will make this magical thing leave it in
- 10:20your house, in your bedroom, in your living room, in the store
- 10:24of your shop, and then somehow people will just know it exists
- 10:28and they will rush to it? Answer me that question.
- 10:33The answer to the question is, even when you have this
- 10:36remarkable product that everybody will rush, that
- 10:39everybody needs, that everybody wants, that is going to solve
- 10:43every single problem, you still have to tell everybody that this
- 10:50thing exists and how they can get it and where they should
- 10:54come to and how much it can cost.
- 10:57And this is how you are going to use the product.
- 11:01You still have to tell them somehow.
- 11:05Hope you're catching my drift now about when I say that
- 11:10there's no way you can get rid of the sales or the marketing
- 11:13function even when you have this magical thing people talk about,
- 11:16oh iPhone, Steve Jobs, blah, blah blah blah blah and or what
- 11:20not. Like what do you, what the hell
- 11:22do you think he did? You don't call that marketing.
- 11:25Standing on the stage, dressing up as a fine boy running
- 11:29advertising campaign. The world will never be the same
- 11:32again, blah blah, blah, 1986. The world is for visionary
- 11:35something. So what do you think all of that
- 11:37is? That's the marketing function.
- 11:39They now stand on stage and you say, oh, today the
- 11:42revolutionary, the something, you know, unveiled the thing,
- 11:45music, lights, everything. And then you now say 1000 songs
- 11:49in your pocket. What do you think he was doing?
- 11:52Not in sales and marketing. The next person that runs up on
- 11:56me and tells me about that Steve Jobs thing, he didn't have to
- 11:59say, I will knock you on the head.
- 12:00And I'm being straight up. Yeah, let's not be children
- 12:04here. And I don't worry.
- 12:05I'm not going to physically assault anybody.
- 12:07I'm knocking on the head. Don't mind me.
- 12:09The thing just gets to me. But there's no.
- 12:13Anyway, let's go back to the whole thing.
- 12:14Yes, you can create a remarkable product, but The thing is people
- 12:17only rush you when they know that this thing exists.
- 12:21So you have to start figuring out some things.
- 12:23You're on your Co founder or you're on your wife, or you're
- 12:25on your husband, or you're on Popsy and Momsy or you're on
- 12:28your investors, you're on your stakeholders.
- 12:30You guys have to start asking yourself some questions.
- 12:32We have this remarkable product, this innovative thing is here.
- 12:35It's in the house, it's in the store, it's in the shop, it's in
- 12:38wherever. We still have to decide, OK, how
- 12:41are we going to tell the whole world that we exist?
- 12:43What is the best way to go about it?
- 12:44Are we going to be going online or offline?
- 12:46Are we going to go on NTA or are we going to go on channels TV or
- 12:49are we going to use Radio Nigeria?
- 12:53What channel are we going to use when it comes to rolling these
- 12:55things out? Are we going to sell it in our
- 12:57shop or are we going to try and partner with Ground Square or
- 13:03partner with, you know, some shopping channel or something?
- 13:08I'll be, are we going to put this thing on Jumia?
- 13:10I'll be, are we going to put this thing on Amazon?
- 13:13OK, Now that we've decided how we're going to tell people on
- 13:15the channels that we're going to use, what kind of words are we
- 13:18going to use in the copy? What kind of color, what kind of
- 13:21font? What kind of this, what kind of
- 13:22that? I hope you guys are feeling me
- 13:24now from the implications of this question that I'm asking.
- 13:28I hope you guys are feeling where I'm coming from.
- 13:31What distribution channels are we going to use?
- 13:33What kind of partners are we going to use?
- 13:34I hope you guys are feeling me now where where I'm coming from.
- 13:38I do not deny that what you're working on is remarkable and
- 13:40it's going to change the whole world.
- 13:41And if people knew that they were rush it.
- 13:43But The thing is, right now, nobody knows all these strategic
- 13:48imperatives, all these strategic questions, all these things that
- 13:51we're talking about. That is the crux of sales and
- 13:55marketing. And that is the reason why there
- 14:00is no product on this earth that you can avoid the sales and the
- 14:07marketing equation. You can't because even if this
- 14:11thing is so revolutionary, even this thing is going to change
- 14:14the world. And even if this thing is oh, if
- 14:16everybody knew they were rushed, but people still have to know
- 14:21about this thing. So once you and your Co founder
- 14:25or your brother or your sister or your mom or your pastor or
- 14:29your imam or your investor, once the one you will start sitting
- 14:33down to start asking yourself this question, how are we going
- 14:36to launch? When are we going to launch?
- 14:39In fact, people like saying all these, what do you think it
- 14:42launches? I was talking about going to
- 14:47your younger sibling or your niece who is still doing
- 14:50business studies in secondary school.
- 14:52Go and check now. Go and open her textbook.
- 14:54Even if the text was written in 1986, go and check there.
- 14:56If you won't see, launch there. Anyway, I think I've answered
- 15:06the question assuming that yes, even if your product is
- 15:10revolutionary, what are the kind of things you still have to
- 15:15think about? Can we still consider those
- 15:17things as marketing and selling? But for those of you who are
- 15:23still not convinced, because some people will say I'm not
- 15:25convinced, it is possible. I can make this remarkable thing
- 15:29and the thing will sell itself and I don't have to do anything.
- 15:32It will sell itself. OK, no problem.
- 15:34You can't convince everybody, so I give up.
- 15:36I want to argue with you guys. However, this is what I'm going
- 15:40to beg you people. Ask yourself this question.
- 15:45Should you be using selling tactics for your revolutionary
- 15:48product even though you think there's no need to sell or
- 15:53market this thing? No problem, I agree with you,
- 15:55the thing will sell itself. OK, I accept you have one.
- 16:01But will there be other benefits of using sales and marketing
- 16:05tactics even though this thing can sell itself?
- 16:07The answer is the capital YES with an exclamation mark and
- 16:12another and 12 other exclamation marks after it.
- 16:16Even if this thing was held itself, you should still be
- 16:19using good sales statics, good business development principles
- 16:22and frameworks. And this is the reason why for
- 16:27your remarkable product to become a hit or for you guys to
- 16:32become billionaires off of this thing, you have to learn how to
- 16:34maximize cost of my lifetime value.
- 16:40It's a big word, but it's just what it means.
- 16:42It just means that the big money comes when people buy from you
- 16:45again and again and again and again.
- 16:47So for the iPhone, the reason why the life of the iPhone
- 16:51people, there's people who shareholders an iPhone company,
- 16:54the reason why their life is sweet.
- 16:56It's not because somebody bought one iPhone.
- 16:57I didn't come back. That was me, by the way, I
- 16:59bought one set of iPhones, one for me, one for my wife.
- 17:02And The thing is, I never came back.
- 17:04So they didn't make money from me.
- 17:08Apple makes money from people like one of my cousins who has
- 17:12bought every single iPhone whether she needs it or she
- 17:16doesn't. As it's coming out, she's
- 17:17buying. If it's 500K, she's buying.
- 17:21If it's 800K, she's buying. I don't know if it has ever
- 17:24reached 1,000,000, but every single episode she's buying.
- 17:29So Apple makes money from my cousin but not from me 'cause I
- 17:33bought one for me, I bought one for my wife.
- 17:36We enjoyed it. But after a while we say, you
- 17:38know what, let's just stick to Android and then that's it.
- 17:40So I wouldn't make gain from me because you sell your phone, I
- 17:45don't know, $600.00 or something or $500.
- 17:50Production cost was maybe $200. You only make, you know, 300 on
- 17:53top. You know, that's, that's not
- 17:54really big money, but the person who is coming back again and
- 17:57again and again and again, that's where the money is.
- 18:01Now, unfortunately, you don't get to maximize customer
- 18:04lifetime values without sales and marketing.
- 18:07So the iPhone was truly this revolutionary thing that sells
- 18:09itself, Steve Jobs there. But they would have only done
- 18:12that first whatever and then release the headphone and then
- 18:14they wouldn't have bothered. But This is why they do this
- 18:17whole song and dance every single year a new one is coming
- 18:19out. You leak the press, you leak the
- 18:21news, something is coming out. You do small mock up.
- 18:25You know, this, this, this, not that, that.
- 18:27And then there's the release. People like you in for days and
- 18:31you know, the whole thing becomes a spectacle.
- 18:33So they do this spectacle every two, three years or every year,
- 18:37however long it takes to release an iPhone.
- 18:39And they engage in all these things because this sweet money
- 18:42is coming from maximizing customer lifetime value.
- 18:45It's not from the person that bought once, it's from the
- 18:48person that comes again and again and again.
- 18:50So this thing is revolutionary to sell itself.
- 18:52People will rush it, but people will not rush it in perpetuity.
- 18:56So you will still have to think about selling tactics, selling
- 19:00frameworks, marketing frameworks, marketing
- 19:02principles, so that we can get people to come back again and
- 19:06again and again. And not just to buy for
- 19:07themselves, but also to refer, you know, for their friends,
- 19:10their family members and their associates to come and buy as
- 19:13well. So for my cousin, yes, every
- 19:16single iPhone, she must buy. After a while, hobby started
- 19:20buying too. So you can see that for me and
- 19:23my wife, there's not much money. We buy only one set of iPhone.
- 19:26And after a while we say, look, it's not worth the stress.
- 19:28We never buy again of my cousin and for her husband, you know,
- 19:31every single iPhone, you can see that that's where the sweet
- 19:33money comes. And we're not putting, we're not
- 19:37going through all the stress of creating a business so that we
- 19:40can so we can make sweet money. So it's not one of purchase.
- 19:43It's about people who keep coming back again and again.
- 19:48All right then. So that's one reason why we need
- 19:50to still think about sales and marketing.
- 19:53Then another reason why we should use good selling practice
- 19:59is because it is sales that owns the relationship with the
- 20:02customer. It's an individual sales person
- 20:04who is talking with the customer who knows exactly what it is
- 20:06that this customer likes or what this customer does not like.
- 20:10So because sales people own the relationship with the customer
- 20:13and are having conversations with the customer all the time,
- 20:16it is sales people who know when something is working and who
- 20:19knows when something is not working.
- 20:21The last people who know that is a problem is the people in the
- 20:24boardroom if there's a problem with Apple or Apple products.
- 20:28Is the people what do you call them?
- 20:31Is it innovation manager? I'll be something the people,
- 20:33the sales people on on the on the floor in the Apple shop,
- 20:38those are the first people who know that man something is wrong
- 20:41with this app or with this battery or with this design or
- 20:44with this whatever it is, people on the ground who know what's
- 20:47up, not people in the boardroom people in the strategy room.
- 20:54So you still engage in good sales and business development
- 20:56practice because since you're in touch with the customer, you can
- 21:03do need analysis. You know how things are working
- 21:06in the field. That is where you get all the
- 21:08data that you need for product innovation.
- 21:11Because The thing is this remarkable product that you're
- 21:13working on, this whole thing, this thing that is
- 21:14revolutionary, that will change the world, you will still have
- 21:19to change it. I mean, nothing is perfect.
- 21:20You can't start with a bang, but still next year, 2 years, three
- 21:24years, five years, 10 years. You have to change one or two
- 21:27things because nothing is stagnant in life.
- 21:30The only way you will know for good reason what it is that you
- 21:34need to change is if you have good sales practice, you've been
- 21:37keeping in touch with your customers.
- 21:38And so because of that, you know what is working, what is not
- 21:41working, what is breaking, what is not breaking, what they like,
- 21:44what they don't like. Because sometimes you go into
- 21:47business assuming that people will like this thing and then
- 21:50surprisingly, do you think you thought they would like is not
- 21:53what they like. It's something else apart from
- 21:55for your product or service that they're actually feeling.
- 21:58So yes, we still have to use good sales tactics even if our
- 22:04product can sell itself. Now, this is the final reason.
- 22:08And with this, if you're not convinced, I'll leave you to
- 22:11yourself. Not only will I leave you to
- 22:14yourself, I'll even ask you that please start this your business
- 22:18with your revolutionary product and you know be giving me
- 22:22updates. I always give my phone number at
- 22:24the beginning of the show and at the end right is my phone number
- 22:26again 08064662140. So please take my number store
- 22:33it be sending me updates because I want to know and I want to see
- 22:38this product that truly, truly you just create this and then
- 22:41you see back the thing will just begin to sell itself.
- 22:44I really want to see it. So if we just find out one, if
- 22:47you're not convinced there, no problem.
- 22:49Just keep my phone number, be showing me the updates, be
- 22:53peppering me and prove to me that I was wrong.
- 22:59Eventually you start something that is remarkable, that is
- 23:03innovative, that is groundbreaking.
- 23:05Nobody has seen this thing before.
- 23:06One in town, best in class. Of course, people will say
- 23:09iPhone, but you know, I still disagree.
- 23:11Touch phones existed before iPhones.
- 23:13The thing is just that. What's his name?
- 23:16I was about to say Zuckerberg. What's his name?
- 23:19This guy, an Apple guy, OK, Jobs, Steve Jobs found a better
- 23:25way to sell it. People who had touchscreen
- 23:27before, they didn't do a good job of selling.
- 23:30So in the beginning, you're groundbreaking.
- 23:34Eventually this is what happens. If this thing can sell itself.
- 23:39And if you're making lots of money, you think your neighbors
- 23:42are idiots or just sit down. You think don't wake up and say,
- 23:45look, Tavi Schumer started this thing is selling like crazy or
- 23:49more or less copy this thing. Everybody will copy you If this
- 23:54thing is so groundbreaking, so remarkable, so innovative, yes,
- 23:59you can use intellectual property protection, you know,
- 24:01use legal means, try and protect yourself.
- 24:03But these things don't last forever.
- 24:07The law allows you certain kinds of limitations and protections
- 24:11only for a while. Eventually the IP, IP
- 24:15protections, you know, are going to fail and and people are going
- 24:20to be able to copy you, although find clever ways to copy you.
- 24:23When people start copying you, this will help.
- 24:25This will not be the problem. Now that there are other things
- 24:30in the market that seem to be as remarkable, that seem to be as
- 24:35innovative, that seem to be as groundbreaking because whether
- 24:39they like it or not, you know, there's that debate that which
- 24:41one is better, Samsung or iPhone?
- 24:44In fact, I use the Xiaomi and I think that these Chinese phones
- 24:48are mad. I think they're wonderful.
- 24:51So eventually it's not just you anymore, the other people out
- 24:55there in that space. The question now becomes, how
- 24:58are you going to distinguish this revolutionary product that
- 25:01you have? That is the reason why you're
- 25:06going to have to use sales and marketing principles and
- 25:10frameworks and discipline because eventually we all get to
- 25:16the stage where we have to distinguish ourselves.
- 25:21Nowadays, commoditization not a problem.
- 25:24I mean, think about it now. Somebody reached out to me
- 25:26yesterday saying they love the podcast.
- 25:28This is the first Nigerian business podcast that have
- 25:30listened to, you know, where have you guys been?
- 25:34I'm so glad that you have. Oh, sorry, 1 moment.
- 25:39OK, sorry about that. That is the beauty of recording
- 25:42podcast live. So that was just one of my kids
- 25:45coming to tell me that, you know, don't watch TV, they're
- 25:49hungry, blah, blah, blah, you know, the usual.
- 25:51So then I'll sort them out. Let me just round up this thing
- 25:53real quick. Well, that's true.
- 25:55I won't have a meeting to get to soon, so I should be getting
- 25:58ready to leave the house. So I was talking about any last,
- 26:04last. Yes, there will be competition.
- 26:06So we'll have to distinguish ourselves because everything
- 26:09becomes commodity. Commodity also would
- 26:11commodified. I'd be commodified, I'd be
- 26:13commoditized. So whatever the word is, you
- 26:16know what I'm trying to say. So eventually we are going to
- 26:19have to distinguish ourselves. We can only do that through
- 26:21sales and marketing. So I hope with this few points
- 26:25of mine, as you should say back then, the Debaters Club, I hope
- 26:28I've been able to convince with these few points of mine, Fellow
- 26:34debaters, Immaculate time keeper, panel of judges.
- 26:37I hope I've been able to convince you with these few
- 26:41points of mine. That is no such thing as a
- 26:43product which sells itself, but that even if there were a
- 26:47product that could sell itself eventually would have to use
- 26:50good sales and marketing principles.
- 26:52I hope I've been able to convince you.
- 26:53If I haven't been able to convince you, I give my phone
- 26:56number at the end of every episode and I'll give it again
- 26:59so that if you're that success story, please send me the
- 27:02messages, let me know how you're doing.
- 27:06You know, pepper me, show me that I was wrong.
- 27:09So that's all for today, folks. If you've got sales and
- 27:11marketing questions or you want the region, get outreach in
- 27:14touch with me to tell me that, look, I have this perfect
- 27:16product and I don't sell it at all.
- 27:18This is how well I'm doing. Then reach out, call SMS or
- 27:22WhatsApp on 08064662140. The country code is +234.
- 27:30Thank you very much for your time and attention.
- 27:31I'll catch you guys at the next episode.