Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Building a Client Base: Securing Engagements
Transcript
- 0:01Hello and welcome to the show today.
- 0:03I'm not in the audio booth, so I expect to hear interruptions in
- 0:06the background. We are going to continue with
- 0:10what I've been doing for the past 2-3 days and that is on
- 0:13effective prospecting. Of course prospecting is just
- 0:16looking for people who might be interested in your product or
- 0:19your service. And of course, we're going to
- 0:22continue with the case study. We've been using the fictional
- 0:24case study of a 10 year post call lawyer can't remember what
- 0:31we called her yesterday. So today let's call her Adenica
- 0:34Obiajulu and yeah, so we're going to continue with that
- 0:38today. Oh, by the way, yes, the reason
- 0:40why I'm calling her Adenica Obiajulu is because I've been on
- 0:43a high life kick recently on Spotify and I'm currently
- 0:46listening to Celestin Uku and that's some really good stuff,
- 0:49like correct Pami music. So if you'd like to try out
- 0:53indigenous homegrown music, high life, this is before the civil
- 0:58war, then Celestine Ogu and some real good stuff.
- 1:03All right, so we're supposed to be talking about effective
- 1:08prospecting. Also a shout out today, we're
- 1:11going to shout out Sheriff. He is the owner of wise as he
- 1:16the a tech and car sales company and he's been a listener of the
- 1:19podcast since November of 2023 and he reached out to me on
- 1:24WhatsApp. So we have a few conversations
- 1:25going. So thank you very much Sharif,
- 1:27for listening to the podcast and for and for reaching out.
- 1:32And I do appreciate, you know, you guys, you know, you know,
- 1:35the Ogs, those of you who've been listening for, you know,
- 1:38well over a year at the very least, because because the
- 1:42podcast is growing in popularity.
- 1:46I'm getting I think on Spotify, I think I'm getting maybe like
- 1:5140 or 50 new subscribers every single week.
- 1:56So, yeah, there are a bunch of either just discovering the show
- 1:58for the first time. But, you know, shout out to you
- 2:00Ogs and shout out to Sheriff. Now, back to the topic of the
- 2:03day, which is effective prospecting.
- 2:06Now, we've defined prospecting in the past as just trying to
- 2:11figure out who might be interested in your product or
- 2:14your service. We need to know who are they?
- 2:17We need to also figure out where are they, because if we figure
- 2:21out where they are, we know how it is that we're going to go and
- 2:24reach them. So where are they online?
- 2:25Where are they offline? And then if we can do these two
- 2:28things and we can come up with a plan for how to start the
- 2:31conversations productively, we shall be fine.
- 2:34So sales is a difficult yes, but The thing is if you start off on
- 2:37the right note, which is prospecting who might be
- 2:41interested in my product or my service, just use some common
- 2:43sense, use some creativity, sit down, just brainstorm or use
- 2:46these AI tools or go on Google, you know, talk to moms and popsy
- 2:49talk to somebody Shah, you'll be able to drop a list and say, OK,
- 2:54for this kind of business, the people that might be interested
- 2:56might be 123456. Next thing you're trying to
- 3:00figure out where these people where do they hang out online?
- 3:03Where can I find them in the real world?
- 3:04Where can I find them? So you know, it just makes
- 3:08business a whole lot easier. So if you sit down and where do
- 3:12they hang out online, you don't know, but in the real world, you
- 3:14know that they attend Christian Mother Fellowship.
- 3:17Then problem solved is a matter of trying to see how can I enter
- 3:20into Christian Mother Fellowship so I can sell my goods.
- 3:23It's that simple. Then, of course, you don't need
- 3:25to come up with a plan for how to start the conversations
- 3:27effectively and productively. All that is what we call
- 3:31prospecting and that is how we should start off the sales
- 3:34journey, no matter which business it is that we're trying
- 3:36to build. And that is why we're
- 3:37illustrating this with our fictional lawyer, our baby
- 3:42lawyer at DNA Care, Obia Julu. That's all called her today.
- 3:45She's been practicing law for 10 years and our guy has been
- 3:49paying her, you know, like 120 K every month and she's fed up and
- 3:52she thinks, look, this is absolute rubbish.
- 3:54I've been in this firm for the last 10 years.
- 3:57I have been the head of different groups or committees
- 4:01that has listed four of our biggest clients on the Nigerian
- 4:06Stock Exchange and have introduced different kinds of
- 4:09investment products to the market.
- 4:10So I'm tired, I'm fed up. I have the expertise, I have the
- 4:13skills. I'm going to go out and do
- 4:14things on my own. And then Adeni Kelbia, Julie
- 4:17just goes and submits a resignation letter.
- 4:18Yeah. And then she wakes up on Monday
- 4:20and then she's like, OK, So what do I do?
- 4:23So if you're on your be a Julie situation, this is what you do,
- 4:26effective prospecting. That's the first thing that you
- 4:28need to do. So in yesterday's episode, in
- 4:33answering the question who might be interested in the product or
- 4:35the service, The answer that we came up with is obviously you
- 4:38can start talking to fintech Bros and fintech sisters, people
- 4:41who are in the startup space, investment banks, brokerages,
- 4:46whether it's crypto brokerage or stock brokerage, you know,
- 4:48brokerage are depending on what of your Julie's in interested in
- 4:52identity is interested in. Then we also suggested that
- 4:55identity of your Julie should also look start talking to
- 4:58people who are as in asset management and in wealth
- 5:01management. So yesterday that is how we
- 5:04answered the question who might be interested in this protocol
- 5:06service. Then again, excuse me, I also
- 5:10mentioned on the podcast yesterday that even though my
- 5:13first background was in law, I've been out of this place for
- 5:15a very long time, to be honest. My wig and gown that's, you
- 5:19know, that the black thing that makes us look like a masquerade
- 5:22with the funny cap. Actually, it's a wig.
- 5:25It's not a cap. I haven't worn that thing in I
- 5:28think 20 years. I don't even know where my own
- 5:30is actually. In fact, if you just graduated
- 5:33law school recently and you and I are the same size because I'm
- 5:36I'm about 6/1 and 130 kilograms. So if you're a fairly robust guy
- 5:42like me then hit me up. My wig and gown is available.
- 5:45Might as well come and buy my own.
- 5:47Mine is an authentic EADS and Ravencroft was bought in the UK
- 5:50so some nice good level stuff. So just hit me up.
- 5:54I might as well just come and take my own instead of going to
- 5:57go and buy a new one at these prices.
- 6:00Especially since my own has been barely fairly used because I
- 6:06think I used it while the whole year that I was in Kano.
- 6:09But since I left camera I haven't used it.
- 6:12So baby lawyers, especially if you're a big dude like me, hit
- 6:15me up. Well if you're a big lady as
- 6:18well, hit me up. You know the whole thing is
- 6:20unisex, so no problem. Where was I?
- 6:24So what I was trying to say is that so I was saying on the
- 6:26podcast that look, I've been out of this world for a very long
- 6:28time. So if you're a lawyer listening
- 6:30to this podcast and you think that's some of the advice that
- 6:32I'm giving identity care or be a Julu or anybody in this
- 6:35circumstance is not correct. Like the kind of clashes you'll
- 6:37be running after. Please hit me up, send me a
- 6:40message, you know, let me know so I can come and you know, take
- 6:44dressing address the thing over here on the podcast also,
- 6:48because like I keep saying, sales is not a one person will
- 6:52know everything, you know, So my specialty is in coming up with
- 6:58the frameworks and the strategy when it comes to the
- 7:00particulars, like trying to guess which kind of client is
- 7:02the best person to run after. You know, I may be wrong because
- 7:05nobody knows everything. So just let me know.
- 7:08If you are a lawyer listening to this particular episode and
- 7:11yesterday's episode and there's something that I've said that
- 7:13you disagree, please join the conversation.
- 7:15My contact details 08064662140. The country code is +234.
- 7:22For those of you who are not Nigerian, that's my WhatsApp
- 7:24number. You can reach out to me just
- 7:26like Sharif did. Then I'm on LinkedIn as
- 7:30Tavishima Aidi. You can also find some of my
- 7:32stuff on YouTube as well. So that's what we did yesterday.
- 7:37Then we also agreed yesterday that as part of prospecting now
- 7:40as identity has drawn a list of companies, a list of fintechs,
- 7:44list of startups, investment banks, brokerages, asset firms,
- 7:48you know, Stanbic IBTC wealth management, you know, let's see
- 7:53what else you know, like Access Bank, wealth managers and
- 7:56pension something, something she has written down.
- 7:58Now who list? Now the next thing she has to
- 8:00figure out is, OK, in this big company, who am I going to go
- 8:03and talk to? Because you can't prospect by,
- 8:06you know, just addressing the whole building.
- 8:07You know, you guys go to the building and start talking to
- 8:09one or two people. Or if you're going to look on
- 8:12LinkedIn, you know, you have to start messaging one or two
- 8:15people. So that's how you enter an
- 8:16account. So the target people that we
- 8:18came up with yesterday are the CEO, the CFO as the chief
- 8:23financial officer, the general counsel.
- 8:25General counsel is just a big lawyer.
- 8:28Let me just put it with big lawyer in the in the in the
- 8:32company who handles all the legal stuff, compliance officer.
- 8:36Compliance officer is the internal person who is trying to
- 8:38make sure that everything, all the legal matters are in check.
- 8:43Even though people have internal compliance officers, it doesn't
- 8:46stop them from hiring consultants from time to time.
- 8:48So that is where you identical will come into the picture.
- 8:52Then the head of the legal department, you know, blah,
- 8:54blah, blah, you know, people like that.
- 8:56Those are the kind of people that will be a jewelry should be
- 8:57getting in touch with. So you write that down on a
- 9:00sheet of paper. Now remember what I said at the
- 9:03top of the episode, that effective prospecting, we're
- 9:05trying to just tackle 3 main things.
- 9:07Number one, who might be interested in my product or my
- 9:09service and then he can be Ajulu, she said.
- 9:11Now she wrote it. Yeah, where are they and, or
- 9:16where are they or who are they? And she has also written name of
- 9:20the organization and everything. And she has dropped a list of
- 9:24officers and maybe she hasn't gone to LinkedIn self to now go
- 9:28and look at specific people so she can start coming up with a
- 9:33hit list, people that should tackle.
- 9:34Because it's one thing to say, OK, I'm going to go and meet the
- 9:37CFO of Stanbic IBTC. OK, that's a good goal.
- 9:42But do you know who the fella is or who the baby is?
- 9:44You have no idea. So that's where LinkedIn and all
- 9:46these things come up. So you do LinkedIn, do some
- 9:48small, small search. Well, first of all, you can do
- 9:50Google who is the CFO of Stanley Guy BTC, a bunch of names will
- 9:54show up. You know, from there, begin to
- 9:56refine the search and then you enter LinkedIn and see.
- 9:59Now this is the reason why I'm telling you guys that look, for
- 10:02those of you who are selling to other businesses, I hope you're
- 10:04beginning to see why you should be on LinkedIn 'cause I think
- 10:06still it boggles my mind how I will meet somebody in Nigeria
- 10:11who is selling business to business in 2025.
- 10:13And some people have never even heard of LinkedIn.
- 10:15One guy was even telling me the old was your linked as in linked
- 10:21like the guy as in obviously he has never even heard of the
- 10:24thing before. It is when I typed it and I sent
- 10:26it to him. That was the first time of him
- 10:28hearing it. Then when we're talking a word
- 10:30for his, say you're linked, LinkedIn, please LINKED then IN.
- 10:36If you're selling business to business, you need to be on this
- 10:39thing. You don't have to.
- 10:40It's a good, if nothing else, it's a good research tool.
- 10:45If you do corporate hampers, these kinds of things, you're
- 10:47based in Lagos or Abuja, you need to be on LinkedIn.
- 10:52So if you want to target Access Bank for instance, in Ikeja or
- 10:57something like that, from doing small Google search, you will
- 11:00get some names. The names you can now be able to
- 11:03look at LinkedIn, you know, be able to confirm one or two
- 11:05things. That is how you can walk up to
- 11:07the branch and say, oh, good morning, Mr. Adekuna around.
- 11:09So yes, he is hopefully just tell him that Nikki is here to
- 11:14see him. Nikki from so, so, so and so.
- 11:16I mean, that's a bullshit approach.
- 11:17I mean, yes, because nice if you call them ahead of time to fix a
- 11:20meeting. But you know, with courage and
- 11:22confidence now we pull some of these things off.
- 11:24I mean, I've done it a few times.
- 11:26Just walk up to the door saying, oh, hello, Colleen.
- 11:30Oh, just tell him Tavishima is here to see him.
- 11:32So he expecting you and say, oh, no, he's not.
- 11:34But it's concerning the so, so, so, so, so, so, so matter.
- 11:36I say, OK, security guard, open the gate.
- 11:39You enter. You made progress, you've
- 11:41entered the building Shah, you know, the rest is up to you.
- 11:43So please, everybody, especially those of you who are selling
- 11:47business to business, I beg you guys won't open the LinkedIn
- 11:50profile. It's 2025, all right?
- 11:54Where was I? So who am I interested where
- 11:58they might be? So now what we're going to
- 12:00tackle today. Now the main thing I'm going to
- 12:02tackle today is how to start these conversations, because now
- 12:05we have a list, we have like 1015 companies on that list.
- 12:09Each of those companies have like 2233 people that want to
- 12:13start having conversations with. The main thing we're trying to
- 12:16figure out today is as part of effective prospecting, how are
- 12:19we going to start this conversation now before we start
- 12:22this conversation, we also need to do small brainstorming again.
- 12:25We also need to sit down again. If before you sat down with
- 12:28momsy, popsy husband, boyfriend. If I remove boyfriend from the
- 12:33picture, discuss your husband only.
- 12:34Your boyfriend's out of this for now.
- 12:36Maybe when he has proposed and he has taken his uncles to go
- 12:39and see your father, then you cannot start consulting him on
- 12:42these things. So you've now come up with a
- 12:46list of talking points. The first thing we need to do is
- 12:50now come up with a list of talking points or conversational
- 12:53frameworks. Because the problem is lots of
- 12:55us heading to networking scenarios or walking into
- 12:57somebody's office or meeting them for the first time and then
- 13:00we're just freestyling. We're just talking about things
- 13:03cold. Don't wait until you're face to
- 13:06face with the prospect or with the stakeholder.
- 13:08And then you now start thinking about what to say on the spot.
- 13:11I have done it myself and we all do it.
- 13:13But it's not good because and it Iraq's your brain.
- 13:16That's the reason why sometimes you go for small networking
- 13:18session one hour and then you're tired.
- 13:20Of course you're tired 'cause you didn't go there with your
- 13:23framework. You spoke to 10 people.
- 13:25With each person you have to think of everything to safe or
- 13:27fresh. It's mentally tasking now.
- 13:29It's hard. So we need to agree on some of
- 13:32these talking points ahead of time before we meet these
- 13:35people, before we go for the networking, before we go into
- 13:37the office. It makes it easy for us.
- 13:40We're relaxed, we already know two or three things we could
- 13:43talk about and the conversation will just be flowing naturally.
- 13:46So don't wait until you're face to face with these people.
- 13:51Call with some talking points ahead of time.
- 13:54So all I put it now and what we need to do there is not anything
- 14:02too complicated. You just need broad strokes or
- 14:05bullet points or conversation starters, you know, per person
- 14:10or per groups of people. So you don't have to come with a
- 14:13list to say when I am in front of the CFO for access, this is
- 14:17what we'll discuss. Then when I'm with the CFO for
- 14:20Stambic IBTC, this is what we'll discuss.
- 14:23Just give some broad strokes cause chances are whatever it is
- 14:27that you find to talk to that is relevant to one CFO, that's
- 14:31chief financial officer will probably be applicable for all
- 14:35chief financial officers that you meet.
- 14:37The order of the conversation will change.
- 14:39The turn of the conversation will change, but the broad
- 14:42should still be there. So these are some things that I
- 14:45came up with. So #1 navigating complex
- 14:48regulations. What that just means is you're
- 14:51thinking of starting a business. What does the Investment and
- 14:54Securities Act say? What does CBN regulations say?
- 14:58What of Ministry of Finance regulations?
- 15:01These are good conversations that Identity Care or Be a Julu
- 15:05can be having with people who are in the fintech space and who
- 15:07are in the startup space. So if she goes networking, like
- 15:10there's this thing in Abuja that they call Founders Friday or
- 15:13something like that in Lagos, Abuja, I think in Kaduna, I
- 15:18think it's called Founders Friday, where people who have
- 15:21startup ideas and then people who are looking to invest and
- 15:25things like that, people go for those meetings so badly.
- 15:27She can go for that meeting and at the back of her head, she
- 15:31just knows navigating complex regulations, that's what's
- 15:34ringing in her head. So that by the time she's
- 15:36talking with somebody and the person says this is my startup
- 15:39idea, blah, blah, blah, blah, blah, she's like, oh, that
- 15:41sounds really interesting. Tell me about this, Tell me
- 15:43about this, tell me about this. And the person talks and talks
- 15:46and talks and talks and talks. And then in her mind, the thing
- 15:49just clicks. Navigating complex regulations.
- 15:52Oh, this aspect of what you want to do.
- 15:54Have you thought about the fact that you might have to apply to
- 15:59the CBN for this particular license or that particular
- 16:01license? The person would say, really,
- 16:04what do you mean to say? Yes, CBN regulation section,
- 16:07this section, not people who provide this and that and that
- 16:10need to something something this and this and this person be
- 16:12like, wow, OK, I never heard that before.
- 16:15So yeah, it's actually a very fascinating topic and it's
- 16:17something that would help with your with your startup.
- 16:21You know what, can I have your business card?
- 16:24Oh, I don't have business card. I give you my phone number.
- 16:26OK, Sure. No problem.
- 16:27Take my phone number. OK, So will you be free?
- 16:30Tuesday morning, 10:00. I can come by office so that we
- 16:34can discuss this particular aspects some more and see how
- 16:37the thing affects your startup. If you've had that kind of
- 16:40conversation, don't you think that guy will say, Oh yeah,
- 16:43sure, no problem, come by the office.
- 16:45And what do you think? It's a no brainer because he's
- 16:47been going around at this networking event talking to
- 16:50everybody about his brilliant startup idea or her brilliant
- 16:53startup idea and everybody has been saying, wow, fantastic,
- 16:56wow, fantastic, clapping for him.
- 16:58And you are the first person who said, oh, this is fantastic.
- 17:00But for this particular thing, have you thought about CBN
- 17:03regulation, blah, blah, blah that you have to comply with and
- 17:06these are the after effects and this is how we put you at risk
- 17:09or this is what you need to do, comply.
- 17:12As far as he's concerned, you're the only person that has made
- 17:14sense this whole evening because everybody has been glad for him
- 17:17saying, wow, great idea, wow, great idea.
- 17:19But for you, you've given him something concrete, valuable and
- 17:22insightful. Of course you would take that
- 17:24meeting. So that's the beginning of how
- 17:26we begin to enter small, small, small.
- 17:28By the way, baby lawyers, all we can see now how you can be
- 17:34entering the market and your distinguishing factor does not
- 17:37have to be price. For some people, that is the
- 17:41only value proposition they can think of.
- 17:42If you're going with a senior advocate, senior advocate, the
- 17:45senior advocate will charge you 20 million.
- 17:47Me, I'm willing to do this thing for you for 8 million.
- 17:49Look, it's a no brainer and I'll pick me.
- 17:51You can see how now you can start entering accounts small,
- 17:54small, small. And you're coming with a greater
- 17:56value proposition than price than price.
- 18:00This is the reason why I say because when people keep saying,
- 18:02oh, price, price, price, price, price, price.
- 18:04This is the reason why I say like you are the person who is
- 18:06causing the problem. You're not adding any insight
- 18:09into the situation, you're not adding any value into the
- 18:11situation. So the only way that the person
- 18:13can judge you is just on price alone.
- 18:17So if this guy everybody has been clapping for, he meets 3 or
- 18:214 lawyers at that event and at that networking event none of
- 18:24the lawyers say anything that makes sense.
- 18:26Of course you rank all of you the same and just pick the
- 18:28cheapest. But if he meets 5 lawyers that
- 18:32day and he's only identical by Ajulu, that says something like
- 18:35this. Of course you think well now you
- 18:40know she will now stand apart in his mind now, OK, there was that
- 18:44brilliant female lawyer that I met that day.
- 18:46What's her name? I can't remember.
- 18:47I can't remember. I hope she calls me and then you
- 18:50happen to call and it's like, oh fantastic, I've been waiting for
- 18:52your call. Sorry I didn't store your number
- 18:54and maybe we'll not have a fruitful conversation.
- 18:57Anyway, let me move on. So #1 navigating complex
- 19:02regulations, that is what I came up with.
- 19:05So that as Obia Julu Athenica is going around networking or
- 19:09walking into people's offices, she's always thinking about
- 19:11those things that people in the startup space, she's thinking
- 19:14investment and securities as ACT, CBN regulation, Ministry of
- 19:19Finance regulation, any other regulation.
- 19:21That is one conversation point, Another conversation point that
- 19:25I came up with. Oh, by the way, like I said,
- 19:27lawyers, because you know, now we're talking technical.
- 19:29Those of you who are practicing lawyers, if there's anything
- 19:31here that I'm saying that doesn't make sense, I beg reach
- 19:34out to me. Contact number 08064662140.
- 19:40Country code is +234. That's my WhatsApp number.
- 19:43There's anything that I'm saying that doesn't make sense or is
- 19:46outdated or has been superseded by a new law, Let me know so I
- 19:50can come over here and tell people that look, please, dear
- 19:53listeners, what I said in episodes, this is also is no
- 19:55longer correct because of 123 and 456.
- 19:59So. Another talking point and I I
- 20:01put down was mitigation risk when raising capital because
- 20:05people who are in brokerage firms and who are in wealth
- 20:09management who who manage other people's money, you know,
- 20:14sometimes you don't know that you try and do something one way
- 20:17and you now put yourself in immediate biggie.
- 20:19You put yourself in immediate yower.
- 20:20You do something that you didn't that looks like is common sense,
- 20:23but you didn't know that it was illegal.
- 20:25So when Obiajulu Adenica is going around and talking to
- 20:29people who are in the banking space or the brokerage space,
- 20:32especially you people who are coming up with crypto brokerages
- 20:34because a lot of you are doing stuff that you don't know is
- 20:37illegal or you don't know is allowed or you don't know that
- 20:40might be unethical. She can be having conversations
- 20:43with these people while networking or while doing
- 20:45content marketing. Content marketing, you know,
- 20:47putting up stuff on LinkedIn, making videos or maybe appearing
- 20:50on podcast. So mitigating risk is something
- 20:53she could be talking about now. Oh, yes.
- 20:55Oh, your wealth management products, blah, blah, blah.
- 20:58I saw on I saw on this blog on this, this on that, not this new
- 21:04product that you're rolling out on.
- 21:06Something, something, something. Oh, by the way, I'm just
- 21:08curious, have you complied with regulation?
- 21:12This, this is not basically a regulation.
- 21:14What? Tell me more.
- 21:15Say, yes, there's regulations also, so it's not really known,
- 21:19but it's something that while I was in legal practice under my
- 21:22Olga, this last 10 years is something that we came up time
- 21:25and time again when we're packaging the products for this
- 21:28bank, for this bank, for this bank.
- 21:30See, this is a way of you showing credibility now that
- 21:33even though you might look like a baby lawyer, that you know,
- 21:35you don't stay in the field. You've been 10 years and you've
- 21:38worked on 4 prominent cases. You know, I'm not a fan of name
- 21:43dropping and stuff like that, but you know, there are times
- 21:45where you can do it class in a very classy manner and this is
- 21:48one of those times. So you can bring it up.
- 21:53Mitigating risk. Yes, you're putting together
- 21:55this product, putting together this offering, putting together
- 21:59this, whatever. But you know, have you paid
- 22:02attention to this and this? If you don't pay attention to
- 22:04this and this, these are the liabilities that might crop up
- 22:07later. You can say that is also a very
- 22:09insightful thing to do. And of course, that kind of
- 22:13thing, just like I said with the first example now, Oh, like, by
- 22:16the way, I'd love to hear some more about this product.
- 22:18You know, see if there's any way that my friend, can be of value
- 22:22to you and your clients. You know, will you be available
- 22:24Friday morning? I'm going to be around the
- 22:26catcher around that time. You know, can I just drop in for
- 22:29a chat? You see, this is how you now
- 22:31secure meetings. All right, then #3 OK, I now
- 22:37wrote evolving, understanding the evolving regulatory
- 22:42landscape. OK, that's big ground.
- 22:44What? It's just what it means.
- 22:47Nigeria is part of something called the Commonwealth.
- 22:49The Commonwealth are a group of countries that used to be that
- 22:53have been colonized by Great Britain.
- 22:56So Commonwealth involves countries like Niger, Canada,
- 23:01Ghana, India. I don't know if America is part
- 23:05of the Commonwealth. Akt if you're listening, please
- 23:07Fact Check me. Let me know if America is part
- 23:10of the Commonwealth. Malaysia, you know, you know all
- 23:14these countries now. So those are Commonwealth
- 23:17countries. Now.
- 23:18The thing that we Commonwealth countries have in common is
- 23:20this, since our colonial overlord used to be Great
- 23:23Britain, certain aspects of our laws flow from derive from legal
- 23:31principles and practices that used to happen in the UK.
- 23:34So sometimes you have broad similarities between what
- 23:37happens in Nigeria and what happens in India, whether it's
- 23:40our business law or our criminal law.
- 23:44In principle you have some, I mean the actual laws itself, you
- 23:48know, might be different, but in principle you have some
- 23:53correlation as in they flow together and put it that way.
- 23:58So that's one reason why sometimes some financial
- 24:03developments start in America. Before you know it, people in UK
- 24:07will copy it. Before you know it, people in
- 24:09Niger will copy it. Or some developments might start
- 24:13off in India, excuse me, Before you know it, Bangladesh, them
- 24:17they will copy it. Before you know it, Malaysia
- 24:20will copy it. Before you know it, Niger will
- 24:22copy it or some developments will start in Niger and before
- 24:27you know it Ghana, them they will copy it.
- 24:30And before you know it Botswana, them they will copy it.
- 24:33So it's like that. So that's how it happens, that's
- 24:35how it rose. So when you're talking, when
- 24:38Adenica Obia Julie is now talking to people in the, in
- 24:43the, what are they called now? The regulatory, the regulators,
- 24:48If she's meeting with people from Securities and Exchange
- 24:50Commission or she meets somebody who happens to work in CBN or
- 24:54she meets somebody who happens to work in Ministry of Finance,
- 24:56these are the kind of things that they can be talking about
- 24:58how the regulatory landscape is changing.
- 25:02So also, so you work in CBN. Oh, that's fantastic.
- 25:05What department? OK, you're in charge of this and
- 25:06this and that and that. Oh, please tell me more.
- 25:09And then you listen to what the guy or the girl has to say.
- 25:12They say, oh, that sounds really, really fascinating.
- 25:14But have you thought about this in America, the landscape is
- 25:18changing. They are now be doing this,
- 25:19this, this and that that that the person will say, hey, tell
- 25:22me more. We say yes.
- 25:24It's something that we came up with back when I was working
- 25:26with my law, my under my yoga the last 10 years that I was
- 25:30there. And we face it in this case and
- 25:32in that case, and I think it's something that Nigerian
- 25:35regulators you should be paying attention to.
- 25:38You leave that kind of networking session, You leave
- 25:41that kind of interaction with the person.
- 25:42The person will say this babe is bright, This babe is for
- 25:46thinking this babe should go school.
- 25:49This babe is very correct. In fact, in some other
- 25:51situation, the regulator is the person that will say, oh Madame,
- 25:54I hope you don't mind. Can I have your number?
- 25:58So baby lawyers in particular, if I know just baby lawyers,
- 26:03baby lawyers, baby accountants, who else?
- 26:08Baby architects, all the guys that we need to see.
- 26:10You know how we start distinguishing ourselves,
- 26:13setting ourselves apart. And you see why I keep saying on
- 26:18the on the podcast that those of you who are worried about
- 26:22distinguishing yourself from the competition, if you want to do
- 26:27it, just make sure you have a rock solid sales process.
- 26:30The solid sales process in itself is going to distinguish
- 26:34you from all the competition that is out there.
- 26:37So prospecting, we've looked at who might be interested for
- 26:43Adenica. We figured out where they are.
- 26:45We've got a place of the people and we now come up with a broad
- 26:48framework for cycling the conversations.
- 26:52So since we have done close to 30 minutes, let me just bring it
- 26:56to a close here and then we'll pick up from here tomorrow.
- 26:59That's how to start the conversations.
- 27:01Just be in mind that when I said conversations, I was thinking of
- 27:04sometimes networking session, sometimes putting things on
- 27:08social media, sometimes walking into somebody's office to have a
- 27:12meeting. So we'll flesh it out from there
- 27:14tomorrow. So if you'd love to connect just
- 27:16like Sheriff did, the phone number is 08064662140.
- 27:22The country code is +234. And that's my WhatsApp number as
- 27:25well. Please don't send me Telegram.
- 27:27I don't. I checked out there maybe like
- 27:29once every three months. Then the name to look for on
- 27:33LinkedIn if you want to connect. And please, my Nigel brothers
- 27:36and sisters is not linked. All right, so you want to
- 27:39connect on LinkedIn. The name is Tavishima IED.
- 27:42You can also find my stuff on YouTube in case you don't buy
- 27:45the podcast because this is where thing like my brother, for
- 27:50instance, my brother likes podcasts, but he will not listen
- 27:53to a podcast on a podcast player.
- 27:55He will always go to YouTube. And then I tell the guy that,
- 27:57look, you open this thing on YouTube and you don't even watch
- 28:00the video. You just leave it playing in the
- 28:01background. Like what's the point?
- 28:03Just go and subscribe on the podcast.
- 28:05And he keeps telling me that no, YouTube is best.
- 28:06YouTube is best. Now my wife does that thing too.
- 28:08So you people that listen to podcasts on YouTube, I don't
- 28:11understand you because unless if you pulled up the video and you
- 28:13sit down, you're watching the video, you put the video and
- 28:16then you now want to start watching clothes or doing
- 28:18something else and you'll be listening to the audio.
- 28:19You might as well just listen to the podcast.
- 28:21But anyway, that's a quarrel for another day.
- 28:23So thanks for your time and attention.
- 28:24I'll catch you guys at the next episode.