Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Proposal Power: The Key to Closing More Deals
Transcript
- 0:02Hello and welcome to the show. Today I'd like to look at what
- 0:05the key elements are for a wedding sales presentation.
- 0:10And by the way, for the purpose of this episode, if I say
- 0:12presentation or I say proposal, I mean the same thing.
- 0:17Now, technically speaking, you know, some people might try to
- 0:20split hairs. They say a presentation is not
- 0:23the same thing as a proposal, but for the purposes of this
- 0:26episode, just remember I'm using them in the same context and I'm
- 0:30using that to mean the same thing.
- 0:33So when I say presentation or I mean proposal, it's just the
- 0:38stage in the business conversation or in the
- 0:41relationship where we try to answer a few important questions
- 0:46that are supposed to get people to take the next step with us.
- 0:49We're trying to answer the question, this is what my
- 0:52product or service can do for you, or this is how my product
- 0:59or my service can solve your problem.
- 1:02So whatever stage where you try to set things up, where you're
- 1:07now addressing the customer or you're trying to tell them, this
- 1:09is how I can solve your problem, this is how I can help you get
- 1:13to the promised land, then that is called the presentation or
- 1:17the proposal stage. Now, another way that I like to
- 1:21define it, that makes it easier to remember because I deal with
- 1:26people who think they've made a proposal or a presentation, but
- 1:29then I ask them, did you ask them a question that required a
- 1:34yes or a no? Or did you leave something with
- 1:37them that required them to say yes or no?
- 1:40And then they get the point. So another definition, well my
- 1:44own definition for a proposal is it is that stage where you ask
- 1:48someone something or you give someone something that the
- 1:52person can either say yes or no to.
- 1:56If you go and you do a song and dance and you do a PowerPoint
- 1:59presentation and whatever and everybody claps for you and
- 2:02blah, blah, blah. But at the end of the day, you
- 2:04didn't ask a question that required a yes or a no, or you
- 2:07didn't give them something that requires a yes or a no.
- 2:10Then you can call it whatever you want.
- 2:13But for the purposes of sales, that was not really a
- 2:15presentation, was not really a proposal because everybody came,
- 2:19everybody had a good time, everybody was wowed.
- 2:21But then people left the meeting with no clear course of action
- 2:25and there was no clear call to action on whether we should go
- 2:31ahead with this aspect of the proposal or that aspect of the
- 2:34presentation. So those are the two definitions
- 2:37every single time you hear me talking about presentation or
- 2:39proposal, not just on this podcast episode, but also in
- 2:43future episodes. So if we're at this stage of the
- 2:47business relationship or the conversation where I now have to
- 2:51say this is what my product or service can do for you.
- 2:54So what do you think? You want to give it a try or
- 2:57this is how I can help you solve your problem.
- 2:59This is how I can help you make more money.
- 3:01This is how I can improve your marriage.
- 3:02This is how I can do this, do this, do that, and this is how I
- 3:05can make your hair undergrowth double in six months, You know,
- 3:10whatever it is your product or service does.
- 3:12So are you interested when we get to that stage?
- 3:14That is the presentation, that is the proposal.
- 3:17But ultimately, we should be leaving this stage either asking
- 3:22somebody some form of question that they can either say yes or
- 3:29no to. Because if you've been listening
- 3:34to the older episodes, especially the episodes that we
- 3:36did on advancements, if there's no, yes or no, if there's no,
- 3:39what is the next step? If there's not all that, you've
- 3:42had a good time. But then when you have to call
- 3:45up on the person again, you wouldn't know exactly what it is
- 3:47you're supposed to do. And you end up in that, that
- 3:51useless full of cycle where you're calling to say, I just
- 3:54call to greet you. How's the family?
- 3:56How are you enjoying the public holiday?
- 3:58You know, blah, blah, blah. You're not sure how to move the
- 4:00deal forward. So that's it on definitions
- 4:04then. OK, Now before we can say that
- 4:08we're going to get to the proposal stage, there are a
- 4:10number of prerequisites that we need to meet.
- 4:12Now, depending on who you talk to, people are going to come up
- 4:14with different stages and things like that.
- 4:16But for me, I'd like to keep it nice and simple.
- 4:19Before we get to the proposal, you must have passed through
- 4:21what we call qualification. Summary Qualification just
- 4:26means, am I talking to the right person?
- 4:28This is really, really important.
- 4:31Now, talking to the right person is not just ICP ideal customer
- 4:34profile, the kind of people that we know we can help.
- 4:37It is also that we want to be sure that the person that you're
- 4:41talking to has a budget for what it is and that the person can
- 4:47actually say yes or no. Because sometimes you're making
- 4:50a proposal representation to someone and that person can only
- 4:53say no. For instance, let's say we're
- 4:57talking about pyjamas for the kids and you're trying to make a
- 5:03proposal or a presentation to me to sell pyjamas.
- 5:07Now, in my household, my wife pyjamas, clothes, that's her
- 5:14thing. So if I'm making the proposal to
- 5:17me or the presentation to me, the only thing I can say is no,
- 5:21I don't like this. But I can't say yes because I
- 5:25will have to call my wife and say, hey babe, this person came
- 5:28by the office, this person came by the house.
- 5:30They left some samples. Check it out.
- 5:32What do you think? Is this cool?
- 5:34Should I go ahead or not? So talking to the right person
- 5:38means you should be talking to the person who can say either
- 5:41yes or no. Because a lot of times you
- 5:43people are only talking to someone who can say no.
- 5:47So be sure of that. That's the reason why in the old
- 5:50podcast episode, I can't remember what the title was, I
- 5:53said make sure you're not talking to the houseboy or to
- 5:56the PA or to the whatever because PA can say no.
- 6:00I don't think our guy will be interested in this, but PAS
- 6:03rarely have the authority to say yes.
- 6:05Let us go ahead. So make sure you're doing your
- 6:08proposal or your presentation to someone who is qualified.
- 6:12Qualified just means you're talking to the right person.
- 6:15So the right person is somebody who could say yes or who could
- 6:18say no. Save yourself a lot of time.
- 6:22Then we should have also gone through discovery.
- 6:26Discovery is when you're liaising with the person, both
- 6:29of you are chatting, you guys are yawning and as they're
- 6:31talking, you're talking. In your mind, you're doing that
- 6:34mental calculation. This is the problem that they
- 6:36have. This is the problem that they
- 6:37have. But my product can only do this,
- 6:40it's not good at this. Or my service can only do this,
- 6:43It's not good at that. You want to be sure that if they
- 6:46have two main problems, AB and C, sorry, three main problems,
- 6:50AB and C, you want to be sure that your product to your
- 6:53service can solve those problems AB and C.
- 6:56Because if you're talking to the right person who can say yes or
- 6:59no and they have problems AB and C, but your product can only
- 7:02solve a. Think about it.
- 7:05Do you think your chances of closing the deal are high or
- 7:08low? So these are the sorts of things
- 7:10you should be going through through in our minds.
- 7:12And that's the reason why I say these things are prerequisites.
- 7:15They need to line up before you make your proposal or
- 7:17presentation. By the way, it is not a given
- 7:21that if all these things line up that the deal will close.
- 7:23It's not a given. I'm just saying that these are
- 7:25the things that improve the odds, make the odds move in your
- 7:30favor. Then of course, I've also
- 7:32mentioned you guys need to be close enough for money
- 7:34expectations, which is why I'm a fan of making sure that you guys
- 7:38talk early now. OK, boss, Madam, based on what
- 7:41we've spoken about, we could either do 1-2 or three, but all
- 7:47these ranges that we're talking, it can cost anything between
- 7:50600K and 450K. Is that did you come ready for
- 7:56that? Is that an investment you're
- 7:58willing to make right now? How do you feel about that?
- 8:02Does that match your budget? You know, different ways.
- 8:06Pick whatever catches your fancy, but you need to have that
- 8:09soft conversation first of giving a range so that the
- 8:12person who is going to get angry and fade out of the conversation
- 8:17or abuse you let the person fade out now instead of you investing
- 8:21time to build a relationship. So you guys have been gisting 3
- 8:25weeks, you now get into a proposal and then the person
- 8:28fades that proposal after you've invested 3 weeks.
- 8:32It is best to get people to fade from the beginning if it's not
- 8:35going to be a good fit. And then sometimes money
- 8:38expectations might be there, but then other things don't quite
- 8:42pan out, like on the discovery pathway I'm talking about.
- 8:46So the money, yes, it's clear they have the money.
- 8:49But in your heart of hearts, you know that if you go ahead, this
- 8:52thing might cause quarrel because this person wants to
- 8:54solve problem AB and C, you can only solve A.
- 8:57So if we go ahead, they'll be fighting in the future.
- 9:00So you might, you now know that this is the stage where you fade
- 9:03or refer them to someone else. Then let's see.
- 9:06OK, There's also the form of the presentation For me.
- 9:11I'm not particular about this. Some people insist everything
- 9:15has to be written out depending on the context, you know, yes, a
- 9:20written thing would help. So whether it's verbal or
- 9:24written or whether it's a PowerPoint presentation or it's
- 9:26a video, because some people do make video presentations or it's
- 9:30an online Zoom presentation, whatever it is, I'll leave that
- 9:33guys, I'll leave that to to you guys and girls to determine
- 9:36according to the context. But this is the way that I look
- 9:41at things. I'd like to make sure that we
- 9:43discuss all the key points ahead of time, as in mouth to mouth,
- 9:48verbal, whether we see face to face or over the phone.
- 9:51I'd like to make sure that we have discussed all the key terms
- 9:531st and we have agreed softly, softly to the key terms first.
- 9:59So that for me, the proposal or the presentation is only a
- 10:03formality. I do not use the proposal or the
- 10:06presentation to sell. I use the proposal or the
- 10:09presentation as a formality to say, oh, bro or Madam based on
- 10:15why we've been yawning. This is the issue of what we've
- 10:17said. This is how I understand your
- 10:19problem. This is what I think you're
- 10:21trying to solve. So all these phone calls we've
- 10:23been having, we came down to these proposals 123 and this is
- 10:27how I think everything can help. This is how I think we can solve
- 10:31your problem. So is everything correct or did
- 10:33I miss out something? You always have to gain
- 10:35feedback. Remember that.
- 10:36So at this stage, Madam says, and yes, but what about that
- 10:39time when we're talking about so and so you now know that
- 10:42something is missing from your proposal, which is why for me,
- 10:45it's not the main, the proposal is not the selling thing.
- 10:48It's just merely a formality. And I'm using it to confirm a
- 10:51bunch of stuff. So I now know that OK, ad hoc,
- 10:55on the spot, I can cater for that or to say, oh, you know
- 10:58what, let me get back to you. And then we fix another meeting
- 11:02where we're going over another proposal or another
- 11:04presentation. But for me, the proposal or the
- 11:07presentation is just a formality.
- 11:08I like to do all the selling beforehand so that the proposal
- 11:11or presentation stage, I'm just saying this is everything we've
- 11:15discussed, which is what I think the next step is going to be.
- 11:18So how do you see it? Are we cool?
- 11:21OK, no, I'll ask. So the next step is if we're
- 11:24going to start on December 30th, I will need deposit before.
- 11:28So, so, so and so I will also need access to this and this and
- 11:31that and that for me to be able to do my job.
- 11:34So yeah, if you want to flow with my own spirit of how to do
- 11:39things, don't use the proposal or presentation to close the
- 11:45sale in quote. Just use it as a formality while
- 11:48showing up here as a formality just to be sure that we're all
- 11:51on the same page and that we all understand.
- 11:53But we have already concluded the sale before we got here.
- 11:56So that's my own take. So whether it's verbal written,
- 12:00PowerPoint video, whatever it is that you want to do, I'll leave
- 12:04that up to to you guys. But for practical purposes, yes,
- 12:08it always helps when there's something that is in writing.
- 12:13If there's going to be something in writing or if you're going to
- 12:15have a PowerPoint presentation or if you're going to have a
- 12:17video presentation, make sure that whatever it is you choose
- 12:20to do is simple. Also make sure that it is short.
- 12:26I have not witnessed, but I have heard of one hour presentations
- 12:31or proposals. My own opinion, I think, well,
- 12:35it depends if you're talking about complex solutions, let's
- 12:39say you're trying to sell engineering services to TCN,
- 12:43that is a transmission company of Nigeria.
- 12:45You're an engineer, you're trying to sell them some latest
- 12:50engineering, whatever that will help them generate power at 1.5
- 12:55output or something. Yeah, that's a highly technical
- 12:58thing. So I understand that you have to
- 12:59sit down, Group MD will be there, maybe a Minister for
- 13:03Power Steel will be there, and then it has to be a one hour
- 13:05presentation. But a whole bunch of us
- 13:07listening to this podcast are not at that stage yet.
- 13:09I see no reason why the wedding photographer or the commodities
- 13:14trader or the architect or the medical doctor or whatever it is
- 13:19you do. I see no reason why presentation
- 13:21is entering 45 minutes, one hour, except if they have lots
- 13:25of questions. And by the way, that's the
- 13:28reason why I treat the presentation or the proposal as
- 13:31a formality. I prefer to do all the hard work
- 13:34before. So by the time we get here,
- 13:37there are no major questions. It's just a matter of are we on
- 13:41course or we are not. So yeah, simple and short
- 13:47depending on the context. Now, the thing about simplicity,
- 13:51simple language that is also contextual.
- 13:56So for someone who is a wedding photographer, I made episodes
- 13:59where I said stop talking about things like aperture, ISO,
- 14:04shorter speed, blah, blah, blah, because the average bride and
- 14:07groom don't know that. However, if you're talking to a
- 14:11bride and a groom and both of them happen to be photographers,
- 14:15then it might be crucial or it might be important in your
- 14:19proposal or presentation to say that when we're shooting your
- 14:23wedding, we're going to be shooting at apertures between
- 14:262.8 and 3.5 for this part of the ceremony.
- 14:30And for this part of the ceremony and during the evening
- 14:32section, we're going to be looking at Isos between this and
- 14:35this to guarantee that we don't have this much level of noise in
- 14:39your wedding photographs. So for a bride and a groom who
- 14:42are photographers, they know the lingo, so it makes sense.
- 14:45But to the average person, they're like, what are you
- 14:48talking about? I just want wonderful photos
- 14:50like the ones that I saw on my sister's Instagram.
- 14:54If you start talking aperture, ISO, shorter speed, you will
- 14:59confuse them. So when I say simple, it depends
- 15:01on who are you talking to. So back to the example about the
- 15:05TCN, the transmission company of Nigeria, that one all over.
- 15:09Now you people are engineers, apart from maybe the minister of
- 15:12power and works, you know, minister for Power works most
- 15:14likely to be a politician, but the group MD of TCN and PHCN,
- 15:20NEPA, all of them, they'll be technical people.
- 15:23So there, yes, if you're talking about kilowatts and megawatts
- 15:26and up cycle down cycle transmission latency and you
- 15:33know, all those technical, technical stuff, in that case it
- 15:34won't be a problem. In that case, that is simple and
- 15:38straight to the point because all of you are engineers.
- 15:42You all understand the the lingo and in fact, using those terms
- 15:48is helping people get straight to the point to understand.
- 15:51It's like when lawyers are together and you know, a lawyer
- 15:54says Nemo that you know, you just say Nemo that the lawyer
- 16:01understands the average person is like Nemo that like what?
- 16:04What does that mean? Then you will not have to
- 16:06explain. Sorry, I can't remember.
- 16:08It's been a long time. Nemo dot quad non habit or
- 16:11something like that. Like, you cannot give what you
- 16:14don't have. So for when tour lawyers are
- 16:16together and they're arguing back and forth, one lawyer says,
- 16:18you know, Nemo dot. Sorry.
- 16:20Is it Nemo dot or Nemo dot? It's been a while, Forgive me.
- 16:22So I can't remember the right lawyer.
- 16:24The other lawyer will understand that you're talking about some
- 16:27form of lack of capacity in this case, like you cannot give what
- 16:32you do not have. So yeah, when I say simple, I
- 16:37mean relative to the context. Then we also want to make sure
- 16:42that for our proposal, we lay out the mutual obligations.
- 16:47Rosa should also say if we're going to move forward, ABC and D
- 16:52is what I need from you. And by the way, it's not always
- 16:55money working to jump to the money.
- 16:56So yes, mention the money that you need, but the other things
- 16:59that you need, sometimes you need access to some files or
- 17:02access to the site. So like an architect, for
- 17:05instance. OK, my guess is if you're an
- 17:09architect or you're a draftsman or you're a site supervisor or
- 17:13something, you will also need access to the site.
- 17:18So it's something you'd want to mention.
- 17:19Depending on how you work, you might want to tell them that
- 17:23look, I need access to the site 24, seven, 365 like any time of
- 17:28the day if I want to show up at 3:00 AM at night, because I want
- 17:34to verify this, verify that there should be somebody on
- 17:36ground to give me access to the site.
- 17:38So mutual obligations are supposed to be there.
- 17:41This is what I need from you. This is what you guys owe me.
- 17:45And then you also lay it out. This is what I'm going to
- 17:48deliver to you. This is what I owe you.
- 17:50It also has to be in the proposal or the presentation.
- 17:53And finally, this is 1 overlooked portion.
- 17:59I've mentioned it, but I want to stress it again because I know
- 18:02there are some of you who didn't get it the first time.
- 18:05We need clear calls to action whenever we deliver a proposal
- 18:08or a presentation. Sometimes the call to action is
- 18:13review timelines. So, OK, now that we're done with
- 18:15the proposal, you've given me a standing ovation.
- 18:18Everybody is happy. Normally we like to give one
- 18:22week for each party to go back and review this contract and
- 18:26then e-mail their questions and objections, if any.
- 18:31Is one week fine for everybody? Everybody will say yes, You can
- 18:35see now that in this case there's a clear call to action.
- 18:37It's not just that everybody has heard.
- 18:39They've given me a standing ovation and then we leave and we
- 18:41don't know the next step. Everybody now knows that the
- 18:44next step is we are leaving here.
- 18:46If anybody has a problem, they have one week to send in an
- 18:49e-mail to say these are my problems.
- 18:51So a call to action can be, you know, review timelines.
- 18:54For those of us who come from a legal background, we usually
- 18:58there are calls to actions and timelines around redlining.
- 19:02Redlining just means some people submit a proposal, a contract,
- 19:07you know, whatever it is. And then you give it to your own
- 19:09lawyer. Your own lawyer will say this
- 19:11time I know you agree to it, but this time it's not going to
- 19:14work. Then the person will now draw a
- 19:17line across it. I say no, no, no, no, why we
- 19:19can't do this. And the person will write that,
- 19:21OK, this is what we want instead.
- 19:24So that's the process of redlining, I guess, because
- 19:28maybe in the old days it used to be done with red viral, you
- 19:30know, but now people just use whatever viral it is that they
- 19:32need. So it's called redlining.
- 19:33So we have some expectations around that.
- 19:37Like, OK, we're done with this, blah, blah, blah.
- 19:40Here it is. I know you have to hand it over
- 19:42to your lawyer or to your accountant.
- 19:44So redlining, we should be done by next week Friday.
- 19:46I'll be we'll say, yeah, cool. Next week Friday is too much.
- 19:49By Wednesday itself, we should be done.
- 19:51You ask everybody else. So Tunji has said Wednesday.
- 19:54Is that good? Ching Airy, you're OK with
- 19:56Wednesday? Abdullahi, you're OK with
- 19:58Wednesday? OK, fine.
- 19:59So Wednesday next week, then I'll call everybody on Tuesday
- 20:04so that we'll know the next step from there.
- 20:06So in that case, you can see we're setting clear cost
- 20:09actions, clear timelines, clear expectations, then payment.
- 20:14Sometimes it is in the proposal that the amount IS350K, but then
- 20:21people are shy of asking for money, so they just leave it
- 20:23there. You're happy that everybody's
- 20:25smiling. But you didn't quite ask for the
- 20:27350K. You have to ask.
- 20:31That's to be a clear call to action.
- 20:32OK. If we're happy with everything
- 20:35and nobody has objected to the amount, this thing we're
- 20:38planning for is December 1st. Before I mobilize the boy, the
- 20:42boys, and the girls, I actually need payments two weeks before.
- 20:46So if we're good with everything so far, I will need 200K payment
- 20:51by what's that November 15th. So I need we need payment by
- 21:00November 15th. So Madam, are we good to go and
- 21:03you ask outright. I know it's scary in the
- 21:06beginning, but we have to ask. You can't just say I put it in
- 21:10the proposal 350K nobody objected.
- 21:13Then you now go home and you'll be expecting the 350K If you
- 21:17just materialize. There are some people who will
- 21:21just go ahead and say, oh, so payment is the next step.
- 21:23I'll be, but if you don't ask for the money, this is where you
- 21:26enter into ghosting. Let me think about it.
- 21:28Let me get back to you. My brother said, my uncle said,
- 21:30my wife said, my accountant said, so payment, ask for the
- 21:35payment. I'm sure you've noticed in
- 21:37Section 2, whatever, whatever of the proposal that the final
- 21:41amount is going to be 1.2 M The 1.2 M, we expect it to be paid
- 21:45out over a tranche of three different payments.
- 21:48The first set of payments is supposed to end in February. 2nd
- 21:51is supposed to end in March. The final one is supposed to
- 21:54come in October. So for us to start this project
- 21:57in January, we need payment by so so so and so date.
- 22:02So Olga Madame, are we good to go?
- 22:08Can I, can I rely on you guys for payments before XYZ date in
- 22:14February? Like ask, but of course use your
- 22:18own verbiage, the way that you, the way that you sound, the way
- 22:22that you flow normally. But you need to ask then from a
- 22:27legal point of view, we also some, you know, your lawyer
- 22:29would say, put things there about dispute resolution.
- 22:32If there's quarrel, if there's big a, if something goes wrong,
- 22:35how are we going to solve it? Let's see what else?
- 22:40But most importantly, at the end of the day, you should be asking
- 22:43people for a yes or a no. So are we good to go with
- 22:50everything here? Yes, Nobody has any objection.
- 22:52Yes. You notice here that the next
- 22:56step is we need 300K to mobilize the boys and the girls.
- 23:00It's OK, no problem. Yes.
- 23:01So can I expect payment by February 14th?
- 23:04You need to ask if you do not leave these meetings, proposal
- 23:08or presentation meeting, you did not ask anyone question or any
- 23:13series of questions that required a yes or a no answer.
- 23:17You're putting yourself on some long jump and that is how you
- 23:20wake up and you realize that this proposal meeting, we had
- 23:24this meeting 3 weeks ago. I have not heard from them what
- 23:28happened. And then you are now picking up
- 23:30the phone call. You're picking up the phone
- 23:32trying to call here, trying to call here and you know ghost
- 23:34mode, they're not answering. They're not answering.
- 23:36And then they say, well it was OK.
- 23:40But then I spoke to MD and MD said, or I spoke to my wife and
- 23:44my wife said, and I spoke to my brother-in-law.
- 23:46My brother-in-law said, Oh yes, we're good with it.
- 23:49But then my uncle said and then on and on and on and on and on.
- 23:52So ask a question or a series of questions that requires a yes or
- 23:56a no answer. If the answer is yes, fantastic,
- 23:59you're making progress. If the answer is no, it just
- 24:02means that you missed out an essential stage in the
- 24:06beginning. You're probably talking to the
- 24:08wrong person or your product or service probably cannot deliver
- 24:14what it is that they are trying to solve.
- 24:17Or maybe you guys are part of money, money expectations.
- 24:20But you see that if the answer is no, it just means we need to
- 24:23rewind, go back to previous sales steps and fix something
- 24:29there before moving ahead. So that's all for today.
- 24:32Thank you very much for your time and attention.
- 24:34My name is Tavishim Iyede, I'm the host of the show.
- 24:36That is the name you should be looking for if you want to
- 24:39connect with me on LinkedIn. So the correct spelling of my
- 24:42name is on the link. We're listening to this episode.
- 24:44So if you're on YouTube, look bottom left above the title of
- 24:50today's podcast and that's my name there.
- 24:52Just copy, highlight, paste it in LinkedIn and my handsome face
- 24:56will show up and then send me a request connection request, then
- 24:59also connect with me on WhatsApp.
- 25:02The phone number 0806466 2140. The country code is +234.
- 25:10So thanks for your time and attention.
- 25:11I'll catch you guys at the next episode.