Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / The Art of Consultative Selling: A Step-by-Step Guide
Transcript
- 0:01Hello and welcome to the show. Today I'd like to look at how to
- 0:04run a consultative sales process.
- 0:07This is not a listener question, but I think it's something that
- 0:10we need to address because there are a bunch of us who are
- 0:12running around trying to do business and we're trying to
- 0:16sell our products or services as if we're in the simple sales
- 0:19scenario. And we haven't quite realized
- 0:21the implication of being in the complex sales scenario, sorry.
- 0:25In complex sales scenarios because like I was shown on the
- 0:29podcast, you're trying to sell Lugosi is not the same thing as
- 0:32trying to sell tax consultancy services.
- 0:35So if you sell Lugosi in the open market, then the approach
- 0:38you're going to take is different because you're in the
- 0:39simple sales scenario. On the other hand, for those of
- 0:42you who sell tax, accounting, legal, you know, those types of
- 0:47services, the way that you should go about selling it
- 0:49should be different because you guys are in a complex sales
- 0:53scenario. But this is your first time of
- 0:55listening to the podcast. Then when you're done listening
- 0:57to the show, go to YouTube because my podcasts are now
- 1:00available on YouTube. Use a search function, search my
- 1:04name and then use my name. And then use simple sales
- 1:08scenario or complex sales or something.
- 1:10You know, those sorts of things. And episodes that I've done in
- 1:13the past around these subjects will come up.
- 1:16And then you get brought up to speed about what a simple sales
- 1:20scenario is, what a complex sales scenario is and the
- 1:24reasons why, which is so different on what the
- 1:28implications are. So I'm going to use a live case
- 1:34study. Well, not really live anyway
- 1:35because now it's over and done with.
- 1:37Or as at the time of me making this recording, you know, I
- 1:40don't know how the thing will end, but let's head straight
- 1:43into it. So basically this is a scenario
- 1:47a friend of mine recently wanted to engage the service services
- 1:50of attacks or accountant, you know, like a tax specialist,
- 1:54accountant specialist. You know, to be honest, he
- 1:56didn't even know what he should be searching for.
- 1:58By the way, that's one thing that those of us who I am
- 2:01professional services should understand.
- 2:03When our potential customers reach out to us in the
- 2:06beginning, they don't quite know what they should be looking for.
- 2:09Now tax people, accounting people, they offer all kinds of
- 2:12services, compliance services, reporting services, payroll,
- 2:17bookkeeping, advisory. And The thing is, my friend
- 2:22didn't know what's up. He didn't know what it is that
- 2:23he needed. So just bear in mind that if you
- 2:26sell professional services, legal accounting, tax, business
- 2:30consultancy, growth, growth consultancy, business
- 2:35management, our potential customers just know that they
- 2:40need something shy. They don't quite know exactly
- 2:43what it is, but a lot of us assume that our customers like
- 2:49they're the ones who have the problem, our potential
- 2:51customers. So they should know exactly what
- 2:53it is that they want. But The thing is, you are the
- 2:55professional. The potential customer reaches
- 2:58out to you as a tax or accounting specialist, as a
- 3:02growth management consultant, as a whatever.
- 3:05The onus is on you to guard the to guide the conversation
- 3:08because you're the one who knows what's up.
- 3:10The potential customer, he doesn't know or she doesn't
- 3:13know. They just have this nagging
- 3:15feeling that something is not quite right.
- 3:17I should be doing this, I should be doing that, or my friend is
- 3:20doing this, my friend is doing that, or Mumsy said this or
- 3:23Popsy said that, or Wifey thinks we should do this.
- 3:26So they don't quite know exactly what they want.
- 3:29So for those of you who are not yet convinced, because I've been
- 3:32saying on the podcast that we are the ones who should be
- 3:36taking a lead of the conversation, I hope you guys
- 3:39can see the reasons why I recommend that we take the lead
- 3:42and we take the initiative. The initiative cannot be on the
- 3:45potential customer because in most cases, a potential customer
- 3:48doesn't know what's up when it comes to simple sales scenarios
- 3:51like a Gucci. I mean, the guy knows exactly
- 3:54what he needs. His wife, I said go and get me
- 3:57two cups of a Gucci and he will go to the market and he'll get 2
- 3:59cups of a Gucci. He knows exactly what a Gucci
- 4:01looks like. But if he's been having a
- 4:03conversation with his wife and they're talking about how the
- 4:06business can be better, maybe they've lost some money.
- 4:10No, I think it is supposed to be 1.2, but they only saw 960K in
- 4:15the account. Or by the way, with what Tinbu
- 4:18is saying, are they going to be changes to how they filed that
- 4:22and this and this and that? I mean, him and wifey or
- 4:24business partners or brother or parents.
- 4:27I mean, they've had all kinds of conversation and the guy or the
- 4:30girl just knows that something is up.
- 4:32They don't exactly know what is up.
- 4:33They don't exactly know what they need.
- 4:36So please, for those of us who are in complex hill scenarios,
- 4:39for those of us who are selling professional services, if I run
- 4:42into any of you who argue with me on this in the flesh, I will
- 4:45knock you on the head because you guys are refusing to take
- 4:47the hint. You should be the one who should
- 4:50be leading the conversation because you are the pro.
- 4:54You are the one who knows what's up man.
- 4:58Let's see, OK? Anyway, just in case you haven't
- 5:01figured out the reason why I'm going over this whole story,
- 5:04sorry, excuse me. The reason why I'm going over
- 5:06this story and using it as a case study is because I think
- 5:08that there are probably lessons that we can learn here about how
- 5:11to organize our sales process. And you don't have to be a tax
- 5:14specialist, accounting specialist.
- 5:16It just happens to be the scenario for today.
- 5:18But for those of you who sell other kind of stuff, fashion,
- 5:22legal, lifestyle, coaching, what of cooking chef, whatever, you
- 5:29can learn from this approach. So the initial outreach happened
- 5:33on LinkedIn because my this friend of mine was just chilling
- 5:37on LinkedIn going through the timeline.
- 5:39And you know how you know people are on your timeline and you see
- 5:42the profile picture and then you see the is it LinkedIn bio or
- 5:46header or something? So that's how he saw somebody,
- 5:51the ladies header come up and the thing said tax something,
- 5:55something, tax, whatever, whatever at so, so, so, so and
- 5:59so firm. And so he clicked on it because
- 6:03after all, you know, what do you call these things?
- 6:05Mutual connections? Yes.
- 6:07So the mutual connection, OK, forgive me, I'm not sure if
- 6:11mutual connection is the right word, but this is a word that
- 6:13you call people who you are connected with on LinkedIn.
- 6:17So since they're already connected and that had some
- 6:19small chats in the past, you know, my guy figured let me just
- 6:22approach him, see what's up. So my friend asked the question,
- 6:26he said he wanted an Abuja based tax consultant and then the tax
- 6:30professional pushed back on the location and reasonably so.
- 6:34And then she was able to educate him that nowadays in 2024,
- 6:37filings are largely done online. So it doesn't really matter
- 6:40about whether your accountant or your tax person is based in
- 6:44Abuja or Lagos or Obama show or in Ireland or whatever that all
- 6:52that is needed is, you know, the person has the knowledge of the
- 6:56processes and things like that. The person knows how to file,
- 6:59where to file, excuse me and how to direct you accordingly.
- 7:04Sorry about clearing my throat. I'm still recovering from this
- 7:06thing. So I'm still on Puritan and
- 7:09lauritidine, although today I'm not dizzy.
- 7:14Where was I? OK, Yes, certainly that's what
- 7:17the person said. Now, since I'm not a tax
- 7:19consultant or I'm not an accounting person, I have no
- 7:22idea if this is the case. So don't say that.
- 7:24You heard on this podcast that it doesn't matter where your
- 7:26accountant is based. You know, I don't know.
- 7:28I'm not a pro. So if you need tax and
- 7:30accounting issues, you know, talk to the specialist, they'll
- 7:33put you through. But this is what this person
- 7:35told my friend. So, yeah, so that part was good.
- 7:41When you're involved in a complex sales scenario, you
- 7:46should be the one taking the initiative and educating people,
- 7:48like I've been saying so far, because people don't know also
- 7:51and they don't know what's what. So somebody's coming here with
- 7:55the wrong impression because the last time the person filed any
- 8:00tax issues was maybe like a decade ago.
- 8:02And I guess back in the day, your accountant had to be in
- 8:05Abuja because somebody would have to go into the office
- 8:07physically and you know, things like that had to be on location.
- 8:10But now it's 2024, so I guess things have changed.
- 8:14Then the tax consultant requested a WhatsApp number to
- 8:17talk some more. And I say that is very, very,
- 8:21very good. And that's something that a
- 8:23whole bunch of us should adopt because the thing with phone
- 8:26conversations that, you know, it's more personable, You're
- 8:29able to build rapport, you're able to pick up on all kind of
- 8:32visual cues, you know, whether this conversation is running
- 8:35smoothly or not. It also gives you the
- 8:37opportunity to get feedback very, very quickly and you can
- 8:41double down on some things. So the person might say
- 8:45something, I guess. Oh, sorry, I didn't hear you
- 8:47correctly. Did you mean did you say this is
- 8:49this or did you mean XYZ? And you can now drill in and
- 8:53start diving in real deep and ask the relevant questions that
- 8:59you need to ask. If this is handled over the
- 9:01phone, if it's over chat, it's very, excuse me.
- 9:07So if this is handled over chat, it can end up being a very
- 9:11cumbersome, cumbersome affair. So it's good that you requested
- 9:15WhatsApp phone number to talk some more.
- 9:17So for those of us who are in complex sales services, those of
- 9:20us who are selling professional services, yeah, try quickly to
- 9:25get off e-mail and try quickly to get out of LinkedIn DM, try
- 9:30quickly to get on the phone or to get on WhatsApp or get on
- 9:34what's SMS basic basis because WhatsApp SMS, phone call, it's
- 9:43just differential like when you hope on that level, it's more
- 9:47it's more personal than trying to keep things in Instagram DM
- 9:51and LinkedIn DM. Also there's the practical
- 9:56matter of people don't check their Instagram or their
- 9:58WhatsApp every single day. So once you switch the SMS, you
- 10:01guys are texting back and forth or WhatsApp messaging back and
- 10:04forth or phone calls back and forth.
- 10:06People respond, you know, shop shop because you can send a
- 10:09LinkedIn DM today and, and maybe the person doesn't see it until
- 10:12the end of the week. When you call the person today,
- 10:15you send a message. It's possible the person might
- 10:16return the phone call tomorrow, especially if you've done a good
- 10:18job building rapport and you guys are flowing like 2 decent
- 10:22human beings. So the first part of the
- 10:26conversation that I've given you guys so far is what happened
- 10:28over LinkedIn DM. So now we're moving to stage 2
- 10:33where WhatsApp inbox I thought was going to be a phone call,
- 10:38but tax resultant didn't call. So continued chatting.
- 10:42I'll make I'll comment more on that in the future.
- 10:46So the tax consultants now start off the conversation by saying
- 10:50what do you need? In my own opinion, that is not
- 10:54good. Remember I told you guys that
- 10:57when it comes to professional services like this and complex
- 10:59hill scenarios, the guy or the girl does not know what they
- 11:03need. They just know that Shah
- 11:05something is wrong. So the conversation, the
- 11:10conversation in my own opinion would have been better off now
- 11:12that you're in WhatsApp levels the tax, what should have just
- 11:15started off by confirming things that they said in LinkedIn
- 11:21because LinkedIn they had been chatting for five days.
- 11:24Now you're in WhatsApp and I'll talk about that later about, you
- 11:28know, the length of how time can affect sales.
- 11:30So LinkedIn, we're chatting five days now, we've entered WhatsApp
- 11:34and they're still chatting instead of the tax consultant
- 11:36trying to get on the phone. So she's outside of confirming
- 11:39that, oh, OK, nice to meet you, Mr. Bio blah, blah, blah.
- 11:42So based on what we chatted about on LinkedIn, my assumption
- 11:45is that you're into this, you do this and the possible problems
- 11:49that you're looking at is so, so, so and so.
- 11:50Is that correct? So we'll now be Mr. Bio's and to
- 11:54now say, Oh yes, this is exactly correct, but I forgot to mention
- 11:56blah, blah, blah, blah, blah. And then the conversation can
- 11:59continue further. So the conversation should have
- 12:02started off by that, confirm the previous history and then see
- 12:06how you can ask some more questions.
- 12:07Another reason why I say that I think she should have confirmed
- 12:10the previous history is, you know, to be frank, the average
- 12:14customer, whether UK, Nigeria, America, maybe when we discover
- 12:21aliens on Mars that we start doing business with them.
- 12:23But you know, for humans, the average customer does not like
- 12:26repeating themselves. If I have spent five days
- 12:29chatting with you on LinkedIn, direct message is somehow that
- 12:36we switch to Instagram or we switch to WhatsApp and you want
- 12:39me to repeat the whole story? The average person doesn't like
- 12:42that. By the way, I hope you guys are
- 12:44beginning to see instances where deals can start to die or start
- 12:47to lose friction. Because if you are on this level
- 12:50with a customer, you guys did five days chatting on LinkedIn,
- 12:53you move to WhatsApp, you're still pinging back and forth.
- 12:56But some other tax consultant, because let's face it, whoever
- 13:00it is you're talking to is talking to two or three other
- 13:03people down the standard. If you're the only person, it's
- 13:08it's unusual or you're lucky. Average person is talking to two
- 13:11or three other people, maybe even more.
- 13:13So you are trying to ping back and forth, but maybe the other
- 13:16tax consultant has gotten the person on the phone.
- 13:19I mean, where do you guys think the traction is going to go?
- 13:22Attraction is going to go to the other person who is having the
- 13:26phone call and they're already talking swiftly because with the
- 13:29other person that they're talking to on the phone, they
- 13:32might be at the level of exploring solutions, exploring
- 13:36strategies. They might have said gotten to
- 13:38the level of explore option A, option B, option C.
- 13:41You are still of the level of saying, what is it that do you
- 13:44need? I mean, of course, the
- 13:46conversation that has more traction on the phone will
- 13:48continue. It is maybe when the
- 13:53conversation on the phone will now hook or something will
- 13:56happen and the person has doubting professional
- 13:58credibility that the guy will now remember that.
- 14:01Oh, I was chatting with this other lady from LinkedIn on
- 14:05WhatsApp who now starts scrolling up and down, where's
- 14:07that message to see how they can resume the conversation.
- 14:10So yeah, that's how the conversation should have started
- 14:14off on WhatsApp. Confirm the things already
- 14:16mentioned because I know that my friend mentioned the VAT, that's
- 14:19a value added tax filings. And he also mentioned annual
- 14:23returns. That's, you know, the final tax
- 14:26that you file at the end of the not at the end of the calendar
- 14:29year, at the end of the business year, because that's one thing
- 14:31that we owe Inland Revenue Service every year was supposed
- 14:34to send in our paperwork. This is how much we made.
- 14:37This is how much we lost because of that.
- 14:39This is how much we think we're supposed to pay.
- 14:41And here's a check for amount. They will look at it.
- 14:44They won't even say thank you. And then they will now assess it
- 14:47and get back to us to let us know whether we paid the right
- 14:50amount or whether we paid too much or whether we didn't pay
- 14:53enough. By the way, they're always
- 14:55trying to figure out whether we paid the right amount to see how
- 14:59much we still owe them then Oh, my friend also mentioned
- 15:04anything else in home professional opinion because
- 15:06like I told you at the beginning of the episode, my guy just
- 15:10knows that something is wrong. He doesn't know what is wrong.
- 15:12So of course he's like, you know, Madam accountants, you
- 15:15know this and this and this and this.
- 15:17But you man, what do you think? Is there anything else I need to
- 15:20be paying attention to? So there in WhatsApp, my friend
- 15:26went ahead and repeated the whole story that he had already
- 15:30repeated over the course of five days on another platform.
- 15:35Now when I finished, tax consultant just said I will
- 15:38revert. Not really, I'm being serious.
- 15:43The tax consultant just typed. I will revert, full stop.
- 15:48Now for those of you who are lawyers and accountants and
- 15:55let's see what else? Lawyers, accountants, who again,
- 15:59equity analysts, what else? You know, all you professional
- 16:05people than them. It's normal for you guys to
- 16:08speak in that language. So you can be talking to another
- 16:10lawyer because, you know, our background is in law and your
- 16:14lawyer friend just says, hey, how far would that go by my root
- 16:17case? Maybe you're busy or in the
- 16:19middle of something you just type back.
- 16:21I will revert your lawyer guy. I mean, you guys are lawyers.
- 16:24So your lawyer guy or your lawyer babe as a female
- 16:29colleague, she'll understand like oh OK I'll revert.
- 16:31Ohala, I should just drop the phone and then be off.
- 16:35Now that is professional jargon. So that is cool.
- 16:37When 1 tax accountant is talking to another, I will revert full
- 16:41stop. Without putting any other
- 16:42context behind it. It's fine when you talk to a
- 16:45professional colleague, when you are talking to an ordinary
- 16:50person, a professional, sorry, not professional, a potential
- 16:54customer, you don't know his background or his whatever.
- 16:59I will revert full stop. Without any other context, it's,
- 17:04it's somehow is vague. How about using ordinary
- 17:09language? Even if you say something like
- 17:11I'll get back to you, or even if you had used typing slang that
- 17:17we use nowadays, like I'll be right back, so I'll get back to
- 17:20you, I'll be right back. I mean that's better than just
- 17:23saying I will revert full stop. Why are you assuming that?
- 17:28OK, no, any Nigerians are educated so I guess everybody
- 17:31knows what revert revert means. But just no shot that all these
- 17:35expressions I will revert. It's cool when one lawyer is
- 17:38talking to another or when one accountant is talking to another
- 17:42or when one equity analyst is talking to another.
- 17:46But it's not cool if the equity analyst is texting the client
- 17:50back and says I will revert. If you guys know yourself,
- 17:53you've been flooring, you guys already built a relationship.
- 17:56You know they know how you talk. You know how they talk as a
- 17:58different, but this one is a talking stage.
- 18:02You guys have not consummated the professional relationship
- 18:04yet. I'll revert.
- 18:06I think that's too sparse, so use ordinary English.
- 18:08I'll get back to you. I'll be right back.
- 18:11I beg Novak's I'm in the middle of something.
- 18:13You know anything, sure, but not I will revert.
- 18:18Although my own opinion, this is what I recommend.
- 18:21Type out the proper sentence, say OK Sir, based on everything
- 18:25that I've heard, I will need to confirm XYZ.
- 18:29Is it OK if I get back to you tomorrow by 12 noon question
- 18:32mark? I think that's a lot better.
- 18:35So you guys, let's try that. When you say I will revert, the
- 18:40customer doesn't know what to expect anyway.
- 18:43But that was a message. I'll revert, full stop.
- 18:46And what did my guy reply? He did the thing that any other
- 18:49person would do. He just typed OK, full stop.
- 18:53By the way, it's not a good sign when you're trying to negotiate
- 18:56something or you're trying to build, you're trying to close
- 18:58the deal. And you guys now get to that
- 19:00stage where your text messages, you guys, sorry, I said text
- 19:03message in your text messages. You guys are now on that whole,
- 19:06you know, one word response. OK, yes, no, maybe tomorrow, No,
- 19:17you know all those kind of responses, not very helpful.
- 19:20So once you enter that kind of one word response, well,
- 19:22holiday, you should transfer, you can revive the conversation
- 19:27then tax result and gets in touch saying I will send you a
- 19:31contact, he will contact you shortly.
- 19:33Full stop. That was it, no context, the tax
- 19:38result didn't say I will send you another person's contact.
- 19:41OK, well he gave a name, the tax result and gave a name.
- 19:44My colleagues also will contact you shortly.
- 19:46Full stop. It's good that the person gave a
- 19:50name, but next time give a date, let the potential customer know
- 19:54that you know when this person might reach out to him or her.
- 19:58Also give a reason for the switch because like I said, this
- 20:03is your first time meeting. You guys are talking stage.
- 20:07You know potential customer doesn't know the reason for the
- 20:09switch. The person reaches out to you
- 20:12adequately. You chat on link in Instagram,
- 20:16sorry on LinkedIn for five days. You now switch to WhatsApp, you
- 20:21now chat for three days and then you just say I'll send you a
- 20:24colleague contact, you will contact you shortly.
- 20:26Or like, OK, like why the switch?
- 20:28You know, give a reason. So a different approach in my
- 20:32own opinion will be to say something like, OK, Mr. so and
- 20:35so based on our discussion so far, if I understand you
- 20:39correctly on these issues, XYZ, you actually need this kind of
- 20:44tax consultant and ABC kind of consultant will be able to help
- 20:49you best. Not me because my own specialist
- 20:51is so, so, so and so so because of this XYZ issue.
- 20:55I'm going to be sending you to one of my colleagues.
- 20:58His name is Adakole. Adakole will be in touch with
- 21:01you latest October 1st so that you guys can continue discussing
- 21:06options 1-2 and three. I hope you're OK with that.
- 21:10Can I give your number to the guy?
- 21:12That's a better approach. Now I'm just saying I'll be
- 21:14sending you a contact. You'll be in touch with you
- 21:16shortly. No other context.
- 21:17So I think that's how I should handle it.
- 21:19Now, if I'm going to go over the whole history and start
- 21:23critiquing things line by line, you know, this broadcast episode
- 21:26is not going to end because we're already at 20 minutes.
- 21:29So let me just tackle what the big problems are and I hope that
- 21:33you guys will be able to learn from that how we should run a
- 21:36consultative sales process and also how it should inform our
- 21:43desire to sell efficiently. So the big problem number one,
- 21:47in my own opinion, LinkedIn chat, like I said, LinkedIn chat
- 21:52was five days pinging back and forth, ping, ping, ping, ping,
- 21:55ping. Then WhatsApp chat was three
- 21:58days pinging back and forth, ping, ping, ping, ping, ping.
- 22:01This is something I have been trying to stress to people that
- 22:03they don't quite business owners that they don't understand.
- 22:06Now so far you have been pinging with somebody 8 days.
- 22:12Do you think if you had managed to move this thing to phone
- 22:16call, you could have had a quick 20-30 minute phone conversation
- 22:21and they could have made progress?
- 22:23I mean you guys think about it, which is better?
- 22:258 days of pinging back and forth or you managed to get somebody
- 22:29on the phone and you guys talk 20-30 minutes.
- 22:32Even if you talk 45 minutes, a 45 minute conversation is better
- 22:36than 8 days of pinging back and forth because time stalls deals.
- 22:41I can assure you in this situation, my guy is talking to
- 22:45two or three other people. If you're using 8 days to ping
- 22:50and you haven't even got to the level of exploring
- 22:53possibilities, but somebody who is sharp quickly gets on the
- 22:56phone and they start exploring. Proposal one, Proposal 2,
- 23:00Proposal three. Who do you think?
- 23:03I've already asked the question. I'm repeating it again so you
- 23:05guys can let the gravity sink in.
- 23:07Who do you think is going to make more traction in this
- 23:10thing? It's the fellow who is on the
- 23:11phone and who is quick, quick to get to the punch.
- 23:14So all these things are pinging back and forth.
- 23:16The problem is when you're pinging, you will not even
- 23:18realize how much time you're taking.
- 23:20So that's why I want to use this as a real life case study
- 23:22because to you it's small, small messages now.
- 23:25So it doesn't feel like that big a deal.
- 23:27But in real life, just open your WhatsApp or open your LinkedIn,
- 23:31DM the last potential customer you've been checking with.
- 23:34It will surprise you. Just scroll up and then start
- 23:37checking the dates. OK, 12th of March, 13th of
- 23:40March. This is.
- 23:41It will surprise you that that thing that looks like a small
- 23:44chat was actually two weeks. It will surprise you.
- 23:48In this kind of business, a whole lot can happen in two
- 23:50weeks. Somebody's chatting with you
- 23:52over two weeks, but chatting with two other people, one of
- 23:55the three of you happens to be sharper and cost to the punch.
- 24:00What do you think is going to happen anyway?
- 24:03Time stalls, deals. If you guys haven't figured it
- 24:05out, time stalls, deals. Try and move this thing along as
- 24:09quickly as possible. Even if you're going to be
- 24:11chatting because you're afraid of the phone or the guy doesn't
- 24:16want to get on the phone with you, try and see how instead of
- 24:19chatting it is. Try and see how you can move
- 24:22this thing along and chat four days instead.
- 24:25Try. Phone calls are more expressive,
- 24:29there's more interaction. You guys can feel each other's
- 24:32personality. You're going to be able to dig
- 24:35in, ask questions on things, get feedback on stuff.
- 24:39So please get on the phone, especially on things like these
- 24:42that are complicated because for you, who is the tax accountant,
- 24:45you know, tax specialist accountant type person.
- 24:48For you, everything is simple. You went to school for four
- 24:51years and you studied this thing.
- 24:52Then you went to go and do a masters for another two years
- 24:55and then you've been practicing for 10 for 10-15 years.
- 24:58So you are a specialist, you've been doing this thing for 20
- 25:00years. So for you it's very simple.
- 25:02Well, for average jewels like my friend and for me, this thing
- 25:05is, what's the word? Is it mystified, misty,
- 25:10something, you know, The thing is opaque.
- 25:12And then there's some element of fear.
- 25:14We don't even like tax officials, you know, because
- 25:17let's face it, all of us, Nigerian business people,
- 25:20everyone trying to hide from tax officials, to be honest.
- 25:22I mean, you know, now we're Nigerians now.
- 25:25So we're even trying to hide in the 1st place.
- 25:26So and then let me move me on that.
- 25:30So please don't be chatting with anybody for eight days.
- 25:33Try and get on the phone quickly even if the person talks too
- 25:36much and it's a one hour conversation.
- 25:37A one hour conversation that we have today is better than an 8
- 25:41day pigging back and forth. You know is is better.
- 25:46Then another thing. The first question that my
- 25:48friend asked was how much. The reason why my friend asked
- 25:54how much is simple and the reason why evil me map.
- 25:57When I talk to some people I ask how much.
- 25:59The reason why we ask is very, very simple.
- 26:02Like I told you, when it comes to these complex and complicated
- 26:04things, your potential customer is not the specialist and the
- 26:09person knows nothing. The only proxy that the person
- 26:13has to go on is price, and some of us seem to tie price to
- 26:18value. That is the only proxy.
- 26:20So what else do you expect? Of course the person will ask
- 26:23how much if the person was a pro or have some knowledge about
- 26:27these things and the person knows that there's a difference
- 26:29between tax accounts. Sorry, I wasn't called them.
- 26:33Cash accounting and accrual accounting.
- 26:36If the person knows there's a difference, then I'll probably
- 26:38be the first question the person will ask you now.
- 26:40Oh blah, blah, blah, blah, blah. This is my situation.
- 26:42What kind of accounting do you think is best?
- 26:44Tax accounting or accrual accounting?
- 26:46What should I be doing in my situation?
- 26:48If the person knows the difference, the person will ask,
- 26:50but the person doesn't know. So that's the reason why when
- 26:54people hit you up, Mr. Tax Accountant, Madam Accountant
- 26:57Specialist, they ask about prices because they don't know
- 26:59any better to be honest. And we do it too.
- 27:03So when you're ready to build your house, you have your
- 27:05millions. Of course you will ask the
- 27:06engineer, how much is this going to cost me?
- 27:08Because you don't know any other question to ask.
- 27:11You don't know whether to ask what kind of terrain do I have?
- 27:14Is the gradients too low or is it too high?
- 27:16Is this swampy? I'll be easy rocky.
- 27:18What kind of foundation do we need to build?
- 27:20I mean, you don't know any of those things.
- 27:21So of course, that's the first thing you ask.
- 27:23Or engineer or architect, how much will this thing cost me?
- 27:26So please, those of us in professional services, let us
- 27:29stop being offended when people ask about price.
- 27:33They're not trying to insult you to say that the only thing that
- 27:36makes tax accountant A different from tax account and B different
- 27:40from forensic account and C is price.
- 27:43That is not what they're trying to say.
- 27:44They don't know any better, but they know that everything has a
- 27:47price, so that's how they're going to start the conversation.
- 27:51Well, my friend asked this question.
- 27:53How much? They chatted 5 days on LinkedIn,
- 27:55no answer. Then they chatted 3 days on
- 27:58WhatsApp, no answer. It's been 8 days, no answer on
- 28:02price. Do you think that the customer
- 28:05is getting anxious after one week?
- 28:08You have not answered the question.
- 28:09How much do you suspect? Don't we think it's possible
- 28:14that potential customer is now thinking, ha, this must be
- 28:18expensive or this one that they don't want to say the price?
- 28:24We should find ways of getting to this price thing quickly.
- 28:31I know you don't shoot yourself in the leg and say it's going to
- 28:34be 3.5 M only to start the work and you see that, ah, this work
- 28:38is something of seven M. That is the reason why I say
- 28:42let's get on the phone quickly so you can ask all the questions
- 28:46that you need, get all the information that you need.
- 28:49And that's also the reason why I keep saying that we should start
- 28:51this question. We'll start these things off by
- 28:53giving a range, get some feedback and then get permission
- 28:57to ask more questions. There's nothing that stops you
- 29:00from saying oh OK Olga, you asked on day one.
- 29:04We've been chatting now for one week.
- 29:05The how much? Based on everything that we've
- 29:08said so far, I will still need to ask you more questions.
- 29:11But based on all you've said so far, Bros is looking like it can
- 29:15be anything between 500K and 750K forced to achieve XY and Z.
- 29:22Is this something that you're willing to invest right now?
- 29:26Is this the kind of project you're willing to undertake?
- 29:28You know, something like that, that kind of question and I hear
- 29:30what is that the person has to say.
- 29:33The person says, like, why now isn't not only plus and minus,
- 29:38come on, whatever. You now know that you're dealing
- 29:40with an only and someone who is not educated in this thing and
- 29:43who has unrealistic price expectations and other
- 29:46expectations. I now know that this is someone
- 29:48that you need to run away from or someone that you need to
- 29:51educate some more. But a person is like, what?
- 29:55So far, it's unlike, it's OK, but what are the other questions
- 29:58I need to have? And then you go ahead and you
- 30:00drill down on the conversation. But The thing is you've given a
- 30:02range to cover yourself. You know, some buffer because if
- 30:05you say between 500K and 750K, if you end up at 830, it's still
- 30:12close. If you say between 400K and 750
- 30:17and you end up at 320 K, you know it's too close.
- 30:21In fact, the guy will be much more happier if you ended up at
- 30:23320 K then if you end up at, you know, the the higher number.
- 30:31So that's the way to get around this price thing.
- 30:33I know you don't want to shoot yourself in the leg, so give
- 30:36yourself a range and let the person know that we still have
- 30:40to talk some more before I can give you something specific.
- 30:43So for me, that's how I move the conversation along.
- 30:45Based on what we've discussed so far, it could be anything
- 30:47between this and this. How does that sound?
- 30:50Is that, is this something you're willing to spend?
- 30:52Is that a realistic figure? I mean, depending on the level
- 30:55of rapport, sometimes I say, oh, it could be between.
- 30:59Luckily for you, it's a small matter.
- 31:01So it's not going to be that expensive.
- 31:02It can be between this and this. That's cheap, Abby.
- 31:04And then keep quiet and then you hear, you know, it's not a bad
- 31:07way of getting feedback. You say that's cheap, Abby, you
- 31:10know, the other guy laughs. And they will start the whole
- 31:12economy of that whole conversation of the tenable
- 31:15economy or you paid school fees, you know, blah, blah, blah.
- 31:17You know, so that's a more human way sometimes to gain feedback.
- 31:23So give a range, gain feedback and then get permission to ask
- 31:27some more questions. Like OK, I still have to ask you
- 31:28questions on ABC and XYZ to give you an exact amount and come up
- 31:32with a specific proposal. So that's how you handle the
- 31:35money thing. So please do that money thing
- 31:37quickly. If somebody starts off the
- 31:39conversation by saying how much, don't go 8 days of chatting, you
- 31:42haven't answered the question and then you say I will now
- 31:44refer you to somebody else. I've been chatting with you 8
- 31:48days. You didn't give me information.
- 31:49You now say you will hand me to somebody else.
- 31:52Or by the way, I bet you when this other person gets on the
- 31:56phone with this person, my friend will have to repeat the
- 31:58story again. Can you guys see how we're now
- 32:01introducing what's the word friction into the sales process?
- 32:05Said the story one time, five days on LinkedIn, repeated the
- 32:08whole drama. Three days on WhatsApp.
- 32:11You pass along to somebody else. The person who comes on is also
- 32:15not going to take this approach. I know for short person, I want
- 32:17to take the approach of saying, oh, OK, Oh, my friend said this,
- 32:20that, that that is that correct? OK, I need to ask you some more
- 32:23questions on this and this and this.
- 32:25He's just going to come and say, So what do you need?
- 32:28And then my friend is supposed to repeat the whole thing again.
- 32:31And then if at that stage my friend doesn't respond, the tax
- 32:35consultants will now be thinking this guy is on serious.
- 32:38If he was serious, wouldn't be ghosting us.
- 32:40Can you guys now see some of the things that go on behind the
- 32:42scenes that lead to people ghosting us?
- 32:46OK, Yeah. So let me see.
- 32:49OK, the big problems pinging back and forth for eight days.
- 32:53Don't be chatting anybody for eight days.
- 32:55Get on the phone, have a quick conversation.
- 32:58If the person is abroad, get on WhatsApp, get on Skype, have a
- 33:01quick convo. The person started off this
- 33:04whole thing with price. Don't avoid it based on little
- 33:08you know give a range. Then get permission to ask more
- 33:12questions and let the person know that depending on what you
- 33:14uncover, the price may go up or it may go down.
- 33:18So let's see what else now I talk about try OK, 30 minutes.
- 33:25OK, this will be the last one. Now on the podcast, I talk about
- 33:29how we need to have a qualifications and discovery
- 33:32process. Qualification is you're asking
- 33:35questions about the problem. Discovery, sorry, the other way
- 33:41around. Discovery is that you're asking
- 33:43questions about the problem. Qualification is that you're
- 33:46asking questions about the person.
- 33:48You need to have a good idea of who this person is and what the
- 33:51problem is before you can give any kind of proposal, which is
- 33:57why I was confused that the chatted for 8 days and then
- 34:01person said I'll be sending you a contact.
- 34:05He will contact you shortly. Because the tax consultant, the
- 34:08accounting person didn't ask, excuse me, didn't ask some basic
- 34:14questions. Number one, I was shocked that
- 34:17the tax and the accounting person did not ask.
- 34:20OK, so thank you very much for reaching out.
- 34:22So what kind of business are you involved in?
- 34:24The person didn't ask that question.
- 34:26I don't know how you sell professional services.
- 34:28You chat with someone over 8 days.
- 34:30You did not even ask the person what kind of business are you
- 34:34in? What's the nature of your
- 34:35business? What kind of industry are you
- 34:36in? I am not an accounting person,
- 34:40but I'm assuming that kind of information is important because
- 34:43I think preparing accounting books or whatever for somebody
- 34:46who is in manufacturing will not be the same as producing
- 34:51accounting reports for somebody like me who is a one man show.
- 34:57So even at the very least you need to ask before you know what
- 35:01am I charging you or who am I sending you to.
- 35:04So ask the person this kind of question.
- 35:06Now what line of business are you in?
- 35:09Are you self-employed? You work for somebody else,
- 35:12What's your relationship with the business owner?
- 35:14Do you own the business? Let's see what else, what kind
- 35:16of industries, you know, all these sorts of things.
- 35:19The tax person also did not ask questions on size of revenue or
- 35:23size of employees. How many employees do you have?
- 35:27How much money are you guys making?
- 35:29I'm assuming that these things are also important.
- 35:31By the way, if you're a tax person or you're an accounting
- 35:33person listening to the show and I'm making too much of a big
- 35:36deal about some of these questions, please ping me a
- 35:38message and educate me so I can come back here and then let
- 35:41people know that. OK, you know what?
- 35:43I overspoke on this one. But I really don't think as a
- 35:47layman, because when it comes to tax, I'm a layman.
- 35:49I know nothing. So as a layman, I really think
- 35:53as a layperson, rather let's be inclusive here.
- 35:57I think you need to ask nature of the business, the industry,
- 36:00how much money are you guys making?
- 36:02How many employees do people have?
- 36:04The person who didn't ask on history of filings or returns or
- 36:08financial statements, you need to know how long has this person
- 36:12been in business? If this person has been in
- 36:14business for 20 years but has never filed a single tax return,
- 36:18no more. Your business, your, your, your,
- 36:20your work is cut out for you as a tax person.
- 36:23Think of the amount of work you're going to do, trying to do
- 36:26detective work over the past 20 years.
- 36:29So you need to ask these things. But if somebody, the person has
- 36:32been in business for the past 20 years and the person has filed
- 36:3519 times, they only missed the last two years, It's a different
- 36:39thing. The level of work you do has
- 36:41calmed down. You even know what to request of
- 36:44the guy. OK, you know what, it could be
- 36:46this, it could be that, but just send me the previous things
- 36:48you've had. Let me just skim through.
- 36:50You know, you will let me know where it is we need to go to
- 36:52next. So easy to ask these questions.
- 36:55How long have you been in business?
- 36:57How many times have you filed? The times that you filed, which
- 37:00one did you file? Did you file from ABC or from
- 37:03XYZ? How many annual returns Did you
- 37:05do? Financial statements?
- 37:07How many financial statements have you guys been doing?
- 37:09The figures you will keep? How do you do it?
- 37:12Is it your wife that is writing everything on pencil and paper
- 37:16or or is it your older brother entering all your expenses and
- 37:22your inflow and everything on an Excel sheet?
- 37:24I'll be do you guys have CRM or invoicing software where
- 37:28everything is passing into and everything is being stored?
- 37:32See, I'm a layman so I don't know much but I'm assuming you
- 37:34have to ask all these kinds of questions before you say let me
- 37:37refer you to somebody else or let me charge you 2.5 M.
- 37:41Then you also need to ask the question of the needs.
- 37:45Wait, just starting off the conversation by asking the
- 37:47person what do you need? The person does not know you are
- 37:50the professional. So as a tax person, OK, as a
- 37:55normal human being, yeah. But because my background is in
- 37:59law, I have small on this. OK, let me just make a guess.
- 38:03Because my background is in law, I'm assuming that if somebody
- 38:06reaches out to an accountant, the person might need compliance
- 38:09issues like OK, this is what I've been doing.
- 38:12Am I meeting up with the law when it comes to tax and filing
- 38:16Inland Revenue and all that? Or the person might need help
- 38:18with reporting like we have already done our whatever in
- 38:21house. You just take all this
- 38:23information, prepare the final figure and then send it to
- 38:26federal Inland Revenue Board on our behalf.
- 38:30And here take your professional services money.
- 38:34Or maybe the person needs payroll because you accounting
- 38:39and tax people can also sort that out as well.
- 38:42OK, you're paying this person too much.
- 38:43You should be paying this. This one, according to the tax
- 38:46code, should be this according to tax code should be that, or
- 38:48it could be bookkeeping services.
- 38:51Or sometimes it can just be general business advisory, like,
- 38:54oh, OK, it looks like all the things people are doing are
- 38:57correct. Our point.
- 38:58But in my own professional opinion, from a strategic level,
- 39:01this is how you should be handling this tax issue.
- 39:02This is how you're handling that tax issue.
- 39:04So my small knowledge of the law, because for lawyers, it's,
- 39:09I'm not a lawyer anymore anyway, but for lawyers, these are the
- 39:12sorts of things that we handle for our clients too.
- 39:14We handle compliance, we handle OK.
- 39:16We don't do reporting. Reporting is mostly accounts,
- 39:20Abby. Well, in a way you can say we do
- 39:23reporting, but it's not number, number, number reporting.
- 39:25Because if you're going to be making returns to, let's say,
- 39:29Securities and Exchange Commission or Corporate Affairs
- 39:32Commission, then yes, that's also some sort of reporting.
- 39:34So layers also do compliance. They do reporting, OK.
- 39:37We don't do payroll, we don't do bookkeeping, but we do business
- 39:40advisory. So instead of saying what do you
- 39:43need, start asking the person questions that will now explore
- 39:47exactly what it is that you're looking for.
- 39:49Don't say compliance because like I said, let's assume that
- 39:52the person doesn't know what's up and the person doesn't know
- 39:55what compliance means. Maybe I know what compliance
- 39:57means because I studied law, so I have a sense of it.
- 40:02But perhaps if you call one of my uncles, even the rich ones,
- 40:07and you say, oh, so do you, So what are your needs?
- 40:10Are your needs compliance? You know, if I have a rich uncle
- 40:14who got wealthy by farming and maybe he didn't finish.
- 40:18Maybe he stopped at secondary school.
- 40:20You know, compliance could mean I don't know anything.
- 40:24So use simple language, ask questions, try and break it
- 40:28down. So what are you looking for?
- 40:30Are you looking for someone who's just going to take all
- 40:32this information and send everything to inner revenue at
- 40:35the end of the year? Or is the problem that as you're
- 40:39running this business every single day, you don't know how,
- 40:43where the money is coming in, where the money is going to.
- 40:45So and now you know that what we call bookkeeping, we'll just be
- 40:50tracking where's the money coming?
- 40:51Where's the money going? Is that what it is that you're
- 40:53looking for? And you tax accounting people,
- 40:59you're the professional. So you know how you take all
- 41:01these big, big words and then you reduce it to something that
- 41:03is relatable that people can understand.
- 41:06So I think that's the final big problem that I'm covered in the
- 41:08whole process that a professional chattered with a
- 41:13layperson over 8 days and did not even ask these basic
- 41:17questions. We should be asking simple
- 41:20questions like this as part of our discovery and our
- 41:23qualifications process. We should be trying to figure
- 41:25out who is this person? We should be trying to figure
- 41:27out what is the problem. If you are a tax person,
- 41:32accountant, specialist person, please do not tell me you've
- 41:35chatted with somebody for one week.
- 41:36You did not ask the person what business are you in, what
- 41:40industry are you in? How long have you been in the
- 41:43business? How much money have you made
- 41:45over XYZ period? How many employees do you have?
- 41:50What are the filings that you have done over the past X years?
- 41:54What are the returns that you have given to Inland Revenue
- 41:56Service over the last XYZ years? How many financial statements do
- 42:01you have for XYZ years or do you have a current financial
- 42:05statements for the last accounting period 2022 into
- 42:082023? And then all those questions
- 42:12around whether it's compliance they need or reporting or
- 42:15payroll or bookkeeping or advisory.
- 42:18So these are some tips about how those of us were in professional
- 42:22services. We need to run a consultative
- 42:23sales process. And this is the reason why I
- 42:25keep telling people that when it comes to running our sales
- 42:28process, the people we should be looking at actually is doctors.
- 42:31Because there is no how a doctor will prescribe paracetamol or
- 42:36surgery or that you have to go out and cut off your left
- 42:39testicle or whatever without asking you some basic questions.
- 42:43A doctor will not say, let me refer you to somebody.
- 42:46The person will call you without asking you some simple
- 42:48questions. When did you start feeling this
- 42:50way? When did they start painting you
- 42:52this pus? When did you see the pus?
- 42:54Your leg? When did your leg fall off?
- 42:56It's when the person ask you all this question.
- 42:58You know that. OK, you know what?
- 42:59Me, I'm a family doctor. This thing is sounding like
- 43:02cancer. I do not handle cancer.
- 43:04So let me hand you over to my oncologist.
- 43:05My oncologist will call you next week Monday.
- 43:08That's why I keep telling people the people who need to pretend
- 43:10to be is like doctors. A doctor will not prescribe
- 43:13medicine without asking you some basic questions.
- 43:15Oh, young man, welcome. How have you been when the
- 43:18detain start painting you? How many sexual partners do you
- 43:20have? Your father, What killed your
- 43:23father? Did he die of diabetes?
- 43:25The place you're living in, Are there too many mosquitoes?
- 43:29You know, question, question, question, question, question.
- 43:31So he's after asking all these questions that the doctor now
- 43:34says, OK, based on what we've spoken about so far, this is my
- 43:37professional recommendation. You're running mad.
- 43:40And because you're running mad, you need two things.
- 43:41You need brain surgery. We're going to cut out 1/4 of
- 43:43your brain and throw it away. And then we're going to refer
- 43:46you to a psychiatrist. So how does that sound?
- 43:49You see, so that's how a doctor handles that conversation.
- 43:52Because if you just go and sit down and the doctor says, oh,
- 43:55welcome, what we're going to do, we're going to do brain surgery.
- 43:58You will say, OK, doctor, I'm coming.
- 43:59You stand up and you will leave and you never come back.
- 44:01You see, this doctor is a madman.
- 44:03He didn't ask me any question. How does he know what to
- 44:05prescribe next? How does he know?
- 44:08So please, those are watching, consult professional services.
- 44:11Let us stop this whole thing of giving a price.
- 44:15We haven't asked all these questions or advising somebody
- 44:18to do something. We haven't even asked all these
- 44:20basic questions. So if you're taking nothing else
- 44:22out of this episode, it should be this.
- 44:23We need to have a process for discovery and the process for
- 44:29what's the other word, qualification, Qualification and
- 44:32discovery. You need to know some more about
- 44:34what that is. Like I've said, the podcast is
- 44:35now available on YouTube, over 925 episodes over there on
- 44:39YouTube. So go there, search my name.
- 44:41My name is Tavishima Ayede. I'm the host of the show.
- 44:43There's no need to put the Ayede because Tavishima is not a very
- 44:46popular name. So just type in Tavishima, the
- 44:48type in qualification. Every single episode that I've
- 44:51made over the 920 something episodes will show up there.
- 44:55Start listening to these things one by one.
- 44:57Have your pen on your paper. Start writing down stuff that
- 44:59you can apply tomorrow. I mean, apart from that char GPT
- 45:04is available, Google Gemini, stuff like that.
- 45:06You can actually you can actually put it in these things.
- 45:08I'm a tax accountant. I'm a something something
- 45:10specialist living in Abuja FCT trying to attract clients within
- 45:15the something something and something range.
- 45:17I might be having a meeting tomorrow with a potential
- 45:19customer who is in The Who is in the in the business or selling
- 45:26weed and narcotic substances. What are the kind of
- 45:29qualification and discovery questions that I should ask the
- 45:32person so we can have a productive meeting?
- 45:34And then you hit send Cha GPT is going to list a bunch of stuff.
- 45:39If it lists out 10 things and you think 5 don't make sense,
- 45:42ignore the five. If you think 5 look OK, but
- 45:45three are very promising, take those three and then turn into
- 45:48the into the conversation with this person and you find that
- 45:50you have a very promising interaction.
- 45:55So yeah, that's it. Use YouTube, look for more
- 45:58resources from me. You will learn how to come up
- 46:01with your own discovery qualification questions.
- 46:03You know now know how to run that part of the sales process.
- 46:07So you're having fruitful conversations then let's see
- 46:10what else. OK, I've already told you guys
- 46:12about AI. Of course there are other
- 46:15episodes I've done around AI so you can know how to prompt
- 46:17better then. OK, yes, connect with me on
- 46:21WhatsApp. The phone number is 08064662140.
- 46:25Country code is +234. Then I'm on LinkedIn connect
- 46:29with me on LinkedIn, the name establishing my ID.
- 46:32Like I said, confirm the spelling of my name from the
- 46:35link. We're listening to the show.
- 46:36So if you're on YouTube, bottom left above the title, you see my
- 46:40name. Just highlight and copy and then
- 46:43paste that into LinkedIn. And then my handsome face is
- 46:46when you show up and then click connect and then send me a
- 46:50message. So I know that you found me from
- 46:55the podcast because I have a soft spot for those of you who
- 46:57find me from the podcast. And I try to engage as many of
- 47:00you guys in conversation as possible.
- 47:02But like I said, you know, I'm trying to run a business and do
- 47:05a bunch of other stuff, so I might not respond to you
- 47:07immediately. But anyhow, anyhow, 2448 hours,
- 47:11you definitely will hear from me.
- 47:12So thanks for listening to the episode.
- 47:13And yeah, thanks for listening and keeping company with me for
- 47:18the last 45 minutes. So thanks for your time and
- 47:20attention. I'll catch you guys at the next
- 47:21episode. Hopefully the next episode is
- 47:23going to be shorter. So you all have a wonderful day.