Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / How to Build a Sales Funnel That Actually Converts
Transcript
- 0:01Hello and welcome to the show. Today we're going to be looking
- 0:04at how to identify leaky spots in your sales funnel.
- 0:08So of course, we have to start off by looking at what a sales
- 0:12funnel is. So sales funnel for the purposes
- 0:16of this podcast, of course, you can get better definitions
- 0:19elsewhere, but for the purposes of this podcast, sales funnel is
- 0:24just the sum total of all those people that are making inward
- 0:28communications towards you or engaging with your business as
- 0:32total strangers. And the whole process that they
- 0:35go through before people end up becoming buying customers.
- 0:39So the funnels are just all the strangers that you're
- 0:41interacting with now and all the things that they go through
- 0:45which leads them to become buying customers or enter into
- 0:49customer relationships with you. So that essentially is what the
- 0:52funnel is. Now we're talking about leaky
- 0:55sports in the funnel, but let's just start with the biggest
- 0:57problem of all. Before you start looking at
- 1:00whether you have a leaky spot in your funnel, the biggest problem
- 1:07or the main problem that most people have is that they don't
- 1:10even have a funnel in the 1st place.
- 1:13Now what that means is this, if you don't have a funnel, it just
- 1:17means that you don't even have a way for people to discover you
- 1:21or your business and engage with you or your business or your
- 1:25product or your service either online or offline.
- 1:29So for most folks, that is the problem.
- 1:31You don't even have a funnel. So the first thing to do
- 1:36actually is to come up with a plan for letting the world know
- 1:40that you exist. So you come up with a plan, you
- 1:42start executing, then problem solved.
- 1:45Then we can now start thinking about which part of the funnel
- 1:48is leaky, which part of the problem is working, which part
- 1:50of the problem is not working. So for a lot of you, that is the
- 1:56main problem. You don't even have a funnel to
- 1:58begin with. Solution, Come up with a plan,
- 2:00let everybody know that you exist.
- 2:04So remember that the sales funnel is just the journey that
- 2:07happens from initial awareness to purchase.
- 2:11From the beginning, when everybody knows this is you,
- 2:14this is how you can help, this is what you do for the world,
- 2:17and this is how they can do business with you.
- 2:19So initial awareness all the way to purchase, that is the funnel.
- 2:24So the reason why it's called a funnel is just because if you
- 2:27are to draw it like a diagram, the top of the funnel would have
- 2:31a large number of people. So we start off doing all kinds
- 2:34of stuff. OK, let me use this podcast as
- 2:36an example. So currently 18,000 downloads.
- 2:41You can see that that's pretty wide.
- 2:42It doesn't mean I'm going to have 18,000 clients.
- 2:46So 18,000 downloads. Some people listen a bunch, a
- 2:49couple of people reach out. Some people are just saying
- 2:52hello. Some people say hello, ask some
- 2:54questions, make a few inquiries. We have a discovery call.
- 2:58Looks like I may help them. They end up becoming a customer.
- 3:01But you can see that at the top wide, at the bottom narrow.
- 3:06So that's the reason why it is called a funnel because a large
- 3:11number of people are going to enter at the top at the top, but
- 3:14only a small percentage of people are going to come through
- 3:16at the bottom. So people in the advertising
- 3:22industry, people, how do I put it?
- 3:27OK, let me not make too many conjectures.
- 3:29But anyway, people in the advertising world like to
- 3:32describe, describe funnels this way.
- 3:34So First off, they talk about awareness.
- 3:36So that is, you know, in the beginning at the top, the white
- 3:39part where lots of people know about you.
- 3:41So in the case of this podcast, 18,000 downloads.
- 3:45So that's awareness. Potential customers become aware
- 3:49of your brand or your product, then it moves into interest.
- 3:54That is where people show the desire that they want to learn
- 3:59some more about what it is that you do.
- 4:02Then after interest, they move through the what's the word
- 4:05again, AIDAD decision. So next is decision.
- 4:10That's where people consider buying your product or buying
- 4:13your service and then action, that is where people make a
- 4:16purchase. So this schema that advertising
- 4:19people use is called ADA. So that's Aida and that's the
- 4:24reason why Aida is pretty much the dominant or I say framework
- 4:30that you see when we discuss business related stuff over on
- 4:34social media. So again, it's Aida and that is
- 4:37awareness. Lots of people are aware
- 4:40interest. A bunch of people show some
- 4:42interest decision. A few of them decide that they
- 4:45want to buy a product or service and then action.
- 4:48An even smaller number decide to take action and then purchase.
- 4:53Sorry, Excuse me. All right, Where was I?
- 4:56OK, Yeah. So started off by saying that
- 4:59the problem with your sales funnel is that a whole bunch of
- 5:01you listening to this podcast right now do not even have a
- 5:03sales funnel. So the first thing that we
- 5:05should do is to figure out how to create a sales funnel.
- 5:08And it involves several steps. If you've been listening to this
- 5:11podcast for any length of time, you already know.
- 5:14Now, First off, we have to define our target audience.
- 5:17We have to clearly identify who the ideal customer is.
- 5:20We have to decide who it is that we're going to chase.
- 5:23And the reason why is this, if you haven't decided who it is
- 5:27that you're going to chase, you're going to spend lots of
- 5:29time and money chasing the whole world, including chasing people
- 5:33who will turn out to be unprofitable, not worth your
- 5:35while, people who will cause you demotivation, you know, all
- 5:40sorts of things. So we actually have to start off
- 5:42by figuring who are we going to run after?
- 5:44How do you decide that? It's a little blend of common
- 5:47sense and then letting your product or your service decide.
- 5:51So in this case, let me use the most boring profession that I
- 5:54can think of, accountants. And not only are accountants
- 5:59very boring, there's even a smaller subset of accountants
- 6:02that I think are even more boring.
- 6:03All of you ask them, they think they're exciting forensic
- 6:06accountants. So there's an association of
- 6:10there's a Nigerian. OK, well, I can't remember.
- 6:12It's been a while since I saw the banner.
- 6:14I think it's the Nigerian Association of Forensic
- 6:17Accountants. I'm trying to show how you can
- 6:19use common sense and then let your product or service decide
- 6:22who your target audience is going to be.
- 6:24So if you're a forensic accountant, who should be your
- 6:28target audience? Well, First off, what do
- 6:30forensic accountants do? By the way, if you're an
- 6:32accountant, a forensic accountant, forgive me if I get
- 6:34this wrong, I'm just using idea to try and figure out what you
- 6:38guys do. I'm coming up with this on the
- 6:40spot. Ideally you should have done
- 6:41some research, but OK. So this is my guess.
- 6:46If this is not what forensic accountants do, then I'm
- 6:48terribly sorry. When you reach out to me on
- 6:50WhatsApp or on social media, please educate me as to what you
- 6:53guys do. Now my guess is this,
- 6:55accountants are people who figure out where did the money
- 6:58go, how did you raise money? How did you spend it?
- 7:01What is the inflow? What are the outflows?
- 7:03Are the books balancing? That's what accountants do.
- 7:06Now, I assume that forensic accountants are those people who
- 7:08are very good at going into the books to try and figure out did
- 7:11people cook accounts? Did somebody steal money?
- 7:15Is somebody siphoning money from here and moving in there where
- 7:19it's not supposed to be? So that's my assumption that
- 7:21that's what forensic accountants do.
- 7:24So if you are a member of the Nigerian Association of Forensic
- 7:27Accountants, with what I've said so far, you're already getting a
- 7:32certain sense of who the target market should be.
- 7:37If you just use some common sense and you let your product
- 7:41and your service decide and then we'll talk about some more about
- 7:46that in the future. Then of course, you also have to
- 7:49identify your target audience, you know, identify their pain
- 7:53points. You know what it is that is
- 7:54choking them. You need to know how your
- 7:56product or service can help that then.
- 8:01Yeah. OK, So, OK, forensic accountant.
- 8:03So what kind of problems do we think that forensic accountants
- 8:07solve? OK, you know what?
- 8:09Let's just move into that a little bit.
- 8:13So OK, you know what, Let me stay the course because it looks
- 8:18like this is going to be a long episode, so I don't want to get
- 8:20sidetracked here. So identify the pain points.
- 8:24And then of course, we have to come up with compelling content
- 8:26because we're talking about creating a before now.
- 8:29Now content just means photo, video, blog post or whatever,
- 8:33but you need to put out something that addresses what
- 8:36these main points are. The whole point of putting all
- 8:39these things out is that when people see it, it's going to
- 8:41build trust. It's going to show that, oh,
- 8:43this guy, this girl, this group, these people, they know what it
- 8:47is that they're talking about. And this is what we call a
- 8:49content marketing strategy. It's just a way to create
- 8:53engagement online that leads people to you.
- 8:56So in this case, if you're a member of the Nigerian
- 8:59Association of Forensic Accountants, I'm assuming that
- 9:02you're going to be creating content around money laundering
- 9:06or content around company best practices to avoid fraud or
- 9:11talking about financial data security, you know, blah, blah,
- 9:14blah, all this really boring stuff.
- 9:15So these are the kind of boring blog posts and YouTube videos
- 9:18that you're going to be making because it might be boring to
- 9:21the rest of the world. But for somebody who owns a
- 9:23company where he thinks his side piece is stealing money, the
- 9:28person is going to be really, really interested when they hear
- 9:30something about financial breaches and money laundering
- 9:33and corporate theft and, you know, blah, blah, blah.
- 9:37Or for somebody who is part of a government parastatal and is
- 9:40worried about whether he is subordinate, is stealing all the
- 9:44money in the parastatal, even though arguably the only reason
- 9:48why he wants to find out if somebody's stealing money so
- 9:50that he has more money for himself to steal.
- 9:52But that's besides the point. But I'm just saying that, yeah,
- 9:57you make all this boring content, it'll be boring to the
- 9:59rest of the world. But for people who have this
- 10:02problem that is choking them, that is pinching them, it will
- 10:04be relevant content to them. So you keep putting up that
- 10:08thing. Sorry, putting up these stuff,
- 10:10content over social media and yeah, folks will find you, but
- 10:15it's not just enough to put out that content because we have to
- 10:17now put a lead magnet, throwing a lead magnet in there.
- 10:21Now a lead, remember what we've been saying on the show is just
- 10:24anybody who has raised his hand or hand has done something to
- 10:27show that they might be interested in your product or
- 10:29service. So a lead magnet is just
- 10:31something you throw out for free that gets people to raise their
- 10:34hand and raising their hand in this case online means they take
- 10:39the next step, like giving you some information where they
- 10:42live, where they work, the phone number, e-mail address,
- 10:46something like that. So typically lead magnets are
- 10:48things like ebooks, webinars, you know, stuff like that.
- 10:52So you can make a webinar and put it on LinkedIn.
- 10:54Like if you suspect, if you suspect your CFO is stealing
- 10:58money from your company, then sign up for this webinar.
- 11:00So a bunch of people who think they're CF OS are crap, you
- 11:06know, might sign up for the webinar or let's see what else,
- 11:11you know, all those sorts of things, you know, So if you
- 11:12think your CFO is stealing or if you're losing money through
- 11:15this, that, that, that, that, if you anyway, whatever, you get
- 11:19the idea, download this free ebook and blah, blah, blah.
- 11:23But excuse me, but to download the free ebook, the person has
- 11:27to give their phone number or the e-mail address.
- 11:31Now the whole point of getting people's phone numbers, sorry
- 11:38about that usual solve Rd. where was I?
- 11:45So the whole point of the lead magnets getting everybody's
- 11:49phone number or house address or office address or whatever is
- 11:53actually to nurture these these people who have raised their
- 11:57hands or trying to build relationships with them because
- 11:59they could be potential customers one day.
- 12:02And typically people do that online through e-mail marketing
- 12:05or other channels. But the whole point is you've
- 12:08collected people's e-mail address, the phone number and
- 12:10the house address, the whatever information that you need, and
- 12:12you now find a way to stay in touch with these people over
- 12:15time. Then of course, from time to
- 12:17time, you create a call to action.
- 12:19The call to action is just to get people to do something.
- 12:23For those of you who have listened to the episode on
- 12:26conversions, you know, that's the whole point.
- 12:29My call to action is to get people to people to do
- 12:32something, to remove the relationship forward.
- 12:35So the idea is this, that if people take that step, then it's
- 12:38a sign of interest. It shows that these people are
- 12:41ready to be moved on to the next phase.
- 12:44So like in this case where you've done the webinar, people
- 12:48have dropped their e-mail address, you've been sending a
- 12:50couple of emails. Eventually in an e-mail you can
- 12:53have ACTA which is sign up for sign up for something by this or
- 13:03maybe ACTA might be what did I say again?
- 13:06CFO, OK, CFO stealing money. Yeah, the CT the call to action
- 13:10might be if you want to catch your CFO stealing money from
- 13:14you, call this number now and schedule a consultation so you
- 13:18can see that you're asking them clearly to take the next step.
- 13:20Whoever takes the next step obviously might be looks like a
- 13:25candidate who must be interested in in getting the services that
- 13:33are offered by a forensic accountant.
- 13:36Now, if you notice the examples that I've given so far, I used
- 13:40online examples because typically whenever people talk
- 13:42about talking about sales funnels, you see that they're
- 13:45talking about all these things online.
- 13:47So that's why I said run a webinar on LinkedIn, collect
- 13:53people's e-mail addresses, let's see what else, or create a lead
- 13:59magnet, collect people's phone numbers, you know, stuff like
- 14:02that. So that's all offline, but
- 14:05because of that, sorry, online. So because of that, some people
- 14:07assume that every single time you say sales funnel, you mean
- 14:11online activities, but that is not the case.
- 14:15All of this talk that we've gone through so far also applies to
- 14:19offline or physical world activities.
- 14:22Because let's face it, before the Internet came along and
- 14:25social media and all these good jazz came along, people have
- 14:28been doing business since the dawn of time, since the Stone
- 14:32Age. So this also relates to the
- 14:36physical world if you're not into all this online jazz.
- 14:39So this concept applies equally to offline businesses as well.
- 14:43Now let's go through the stages so you can follow me here.
- 14:46Remember I said there's awareness, then there's
- 14:49interest, then there's decision, and then there's action.
- 14:53So awareness, make people become aware interest, get a bunch of
- 14:58people to show interest decision.
- 15:01Some people will decide that they want to do business with
- 15:03you. Action do something make them
- 15:08that will get them to consider making a purchase.
- 15:10So in this case, now building your offline sales funnel or
- 15:15your real world sales funnel will look this way.
- 15:17Let's stick with the most boring profession that I know, like I
- 15:21said, accountants, and then an even more boring subset,
- 15:25forensic accountants. So for forensic accountants,
- 15:29stage 1, identify your target audience.
- 15:31Now, my guess is a forensic accountant is targeting business
- 15:38owners or Heads of Government parastatals.
- 15:42Remember, I'm thinking about a Nigerian environment.
- 15:46I'm sure if I sat down and I think about it a bit, maybe I
- 15:48can come up with some other potential customers.
- 15:55But for now, let me just say business owners and then Heads
- 15:58of Government parastatals, then yes, OK.
- 16:02So that's identifying the target audience.
- 16:05So next thing, since we're talking about offline, obviously
- 16:09we would have to choose strategic locations because if
- 16:11we're doing this online, we'll be thinking about whether we're
- 16:14going to do this thing on LinkedIn, the webinar on
- 16:17LinkedIn or promote the webinar on, on Facebook or let's see
- 16:27what else. By the way, we're now we're in
- 16:28the real world, so excuse me, OK, I was like, OK, yes, I was
- 16:41talking about doing things offline.
- 16:45OK. We've identified the target
- 16:46audience. We're looking at business owners
- 16:48and Heads of Government. Paris details.
- 16:49I have a location, yes. So physical locations, that's
- 16:52where we are. So you have to think about where
- 16:55your customers spend their time and where their eyeballs are.
- 16:59Now, this could be high traffic areas in specific neighbourhoods
- 17:02or maybe even some events. Now, it's not going to be a
- 17:05coincidence that the first time that I saw a billboard for the
- 17:08Nigerian Association of Forensic Accountants was in Area 11.
- 17:14Area 11 is in the central business district.
- 17:17The Billboard was placed prominently close to Area 11
- 17:22shopping mall. 11 shopping mall is close to FCDA.
- 17:26That's the Federal Capital Development Authority.
- 17:29That's a government parastatal. And of course people say that
- 17:31serious money moves in FCDA. Then it's also close to the
- 17:35Ministry of Finance if you go further down the road.
- 17:38And then it's also close to the women of Ministry of Women's
- 17:41Affairs. You know, you drive down a bit
- 17:43and then you turn to your left and then Ministry of Women's
- 17:47Affairs is there, if I remember correctly, but you catch my
- 17:51drift. These people, Nigerian
- 17:53Association of Forensic Accountants didn't take their
- 17:56billboard and put it in Wuse Market.
- 18:02They took the Billboard and they placed it in the central area in
- 18:06Abuja, close to a shopping mall where there are lots of business
- 18:09owners and close to key key government power State House.
- 18:16Why? Because if the assumption is
- 18:19that business owners are the people who are going to pay
- 18:21them, and Heads of Government power status who are trying to
- 18:25figure out who is stealing money from the department are the
- 18:27people who are going to pay them, then it makes sense that
- 18:29you should put this billboard in this location.
- 18:31And that's where I saw them. And I think it kind of makes
- 18:34sense. So let's see what else.
- 18:38You can also leverage other forms of traditional marketing
- 18:41apart from the Billboard. So print advertising, you know,
- 18:44newspapers, magazines, Flyers, brochures.
- 18:48Yes, I have a word on content marketing because when people
- 18:51hear content marketing, they typically think while you're
- 18:53talking about online stuff, but it also applies offline as well.
- 18:56So content marketing strategies also works for newspapers and
- 19:00magazines, which is one of the reasons why I noticed people in
- 19:05my age set. You know, you start a business,
- 19:08then you get the Vanguard or, or this day to come and interview
- 19:12you and you know, that's, that's good.
- 19:14But I think you're better off spending your time and your
- 19:17money trying to put useful resources out there on the
- 19:21newspaper that'll make people read about your businesses
- 19:24rather than you being proud that you've been featured in the
- 19:27business in the business section.
- 19:30Because you being featured once in the business section, you
- 19:32know, is not really going to pay you.
- 19:34It's good bragging rights. I mean, your classmates will see
- 19:36it and think that you know, you're you're blowing up.
- 19:39But you know what? Let me use a real life example.
- 19:42Back when back in the military era, OK, this day newspaper
- 19:47still exists. Well, back in the military era,
- 19:51this day they started doing this thing was I think this day
- 19:56style. Yeah, Was this day style a nice
- 19:58glossy print out with, you know, The Who is who, You know,
- 20:04fashionable people, movies, glitterati, blah, blah, blah,
- 20:08all that kind of thing. So apart from this day style,
- 20:12they also had different pull outs.
- 20:13There was a this day section that had to do with business or
- 20:16capital markets or something like that.
- 20:18Now, at the time, remember I'm saying that this is military
- 20:21era. So this is a long, long, long,
- 20:22long, long time ago. I mean, this is before Obasanjar
- 20:28came in as president. So there was this company
- 20:32called, I think they're still around, although they've gotten
- 20:36into trouble with the with the Securities and Exchange
- 20:40Commission. BGL securities, yes.
- 20:42So BGL securities back then, because I remember back in my
- 20:46uni days, yeah, I think it was my uni days.
- 20:50So BGL was always doing writing stuff in This Day, you know,
- 20:54about stocks, how to pick a stock, what is this financial
- 20:58instrument? What is that financial
- 20:59instrument? And this thing went on for a
- 21:01very long time. Now, this is content marketing
- 21:05because people who are looking at these sorts of things in the
- 21:08In This Day newspaper and are seeing BGL this week, BGL, next
- 21:13week, BGL, next month, BGL the whole year, BGL.
- 21:17After a while, people will start thinking or more this BGL
- 21:19securities like these guys, they know their stuff like they're
- 21:22the real deal because they're here giving us this free
- 21:25information on this is how to pick a stock.
- 21:27This is what the stock is. This is how you value a healthy
- 21:30company. If you have a family office and
- 21:33you have plenty of money, this is how you manage your money.
- 21:37Those of you who are looking at international investments, this
- 21:39is how you do it, you know, blah, blah, blah.
- 21:41So it's all that writing, writing, writing, writing,
- 21:43writing, writing, writing, all that content marketing.
- 21:45That's actually what does the trick.
- 21:47So if the person who owned BGL just took out one newspaper,
- 21:53whatever, somebody comes and interview him.
- 21:55You feel like you're a big dog, like this day they did a piece
- 21:58on you and you feel like you have arrived but doesn't really
- 22:02move the needle moving your business forward.
- 22:05But every week you're seeing those BGL posts.
- 22:08The BGL post might even be coming from junior employees or
- 22:11research assistants or whatever. But it did I think was part of
- 22:14the things that did the trick towards making BGL Securities a
- 22:19really big player in the space. By the way, I'm not endorsing,
- 22:23I'm not saying that that company, I'm not endorsing the
- 22:26company anyway because like I said, in recent times, they've
- 22:29run into trouble with the with one of the government
- 22:33regulators. But I'm just saying that I think
- 22:35that this is something that was significant in how they came to
- 22:39limelight. So when it comes to newspapers
- 22:41and magazines, stop thinking, OK, my cousin works in this day,
- 22:46let me get them to interview me. Let me have my face in the
- 22:48newspaper. It's beyond that.
- 22:49Think about the content marketing strategy where you are
- 22:52going to be there every single week or every other week for, I
- 22:58don't know, 36 months straight, talking about these sorts of
- 23:03problems that your business can solve.
- 23:04That is what is going to move the needle, especially if you
- 23:07have an inside scoop that that is really, really, really,
- 23:12really good advertising. So where was I?
- 23:16So basically print advertising, Yes, content marketing
- 23:19strategies apply there as well. You can also do that radio as
- 23:23well. I mean, hint, hint.
- 23:25That is the reason why I recorded my radio pilot two
- 23:30weeks ago, so that I can get on the air.
- 23:32It's the same jazz content marketing then.
- 23:36OK, we've already talked about outdoor advertising, how you can
- 23:39use billboards to build your top of the funnel.
- 23:46Let's see what else, OK. And then the same thing, you can
- 23:48also create offers like free workshops, things like that.
- 23:55I mentioned that I tried selling financial products in the past
- 23:58and that is something that they use in the industry, this whole
- 24:01thing of free workshops. So some people go to some radio
- 24:03stations like in Nigeria, there's, sorry, in Abuja there
- 24:08is Niger Info, Niger Info FM that that's more like a talk
- 24:12radio station. So politics, business, those
- 24:14sorts of things. So there's some people who go
- 24:15there early in the morning and they talk about stuff maybe like
- 24:19how you can make money buying stocks or something like that.
- 24:23And at the end of the show, miraculously, the person
- 24:26advertises I have a free class that is going on, is going to be
- 24:30at Chelsea Hotel. It is free for the 1st 200
- 24:34people, anybody after 200 people, you only have to pay 500
- 24:38an hour to enter, you know, something like that.
- 24:40And it's out. Well, First off, it's free.
- 24:41And if you're late, you only pay 500 bucks.
- 24:43So yeah, not a big deal. And then people rush there.
- 24:47But this is what is going to happen at that event.
- 24:49You will get there. You get lots of value, but then
- 24:52the people are also going to try and sell you on using them to be
- 24:57your stockbroker or your or your their mortgage provider or
- 25:02insurance provider or whatever. So I mean that's how it works.
- 25:06So the same thing you're doing online, you can also do offline.
- 25:09So on the radio interview, like some people do when they go to
- 25:12Nigeria Info FM, you, you advertise your free workshop and
- 25:18then you try to book appointments and consultation
- 25:21from there. OK, now I know that all the
- 25:24stuff I've spoken about here maybe was too, too fancy, too
- 25:28high level because I mean, how many of us are forensic
- 25:31accountants? But the point that I was trying
- 25:32to make is this, it works in real life, or rather it works in
- 25:37the physical world and it also works online.
- 25:42And the reason why I picked accounting was this honestly,
- 25:44show that even what you sell, even if what you do or what you
- 25:47sell is as boring as accounting, it can still work.
- 25:50By the way, for those of you who know my family members, don't
- 25:53tell my wife that I said this. She's not an accountant, she's a
- 25:55lawyer. But because of her CFA training,
- 25:58she's taking lots of accounting classes and she's beginning to
- 26:00enjoy the subject. Then let's see what else.
- 26:03And then I also seem to have lots of accountants in my
- 26:06family. There's my cousin Alu, there's
- 26:08my cousin Tisu. That was my cousin Mimi.
- 26:10And well, anyway, bottom line issue, I don't tell my family
- 26:13members that I'm browsing their profession.
- 26:16So I think that's just a pretty much, OK, there's one thing that
- 26:21I have to mention this thing about sales funnel and the whole
- 26:25Aida philosophy that's attention, interest, decision
- 26:30and then action philosophy is key.
- 26:34I'm sorry, consistency is key. So you have to do things
- 26:37repeatedly because some people think that if I put one
- 26:41advertisement in the newspaper and I do double spread in this
- 26:45day, then you know, bam, I'm going to hammer, you know,
- 26:48that's not how it works. Or some people think if I do
- 26:51that one advertisement on Google and then push a millionaire
- 26:56behind that particular campaign, that's how I'm going to hammer.
- 26:59Now, unfortunately, when it comes to sales funnels and Aida,
- 27:03consistency is much more important than that one off big
- 27:07something. So one ad campaign, one
- 27:10mentioned in the newspaper is not going to help you at all.
- 27:13It's about, you know, steady, steady, steady, steady, steady.
- 27:17If you're going to be advertising, then do your
- 27:19advertising steady, steady, steady, whether it's online or
- 27:22offline. If you're going to be doing the
- 27:23content marketing, don't just write 11 big piece.
- 27:27And I think it's going to bring you a ton of business.
- 27:29Be writing that piece consistently, consistently,
- 27:32consistently, like how BGL Securities was doing back then,
- 27:35you know, when we were like secondary school transitioning
- 27:39into university. So it's like that consistency
- 27:43over time. So just be dropping, dropping,
- 27:44dropping. If it's advertising, be
- 27:46advertising steady. If you're thinking content
- 27:48marketing, be doing your content marketing thing steady.
- 27:51Then also follow up is really important.
- 27:54Although in this case on this podcast, we, we talk about
- 27:56follow through because in traditional sales circles, you
- 27:59know, there's a difference between follow up and follow
- 28:01through. Follow up is when you just say
- 28:03I'm calling to greet you. Follow through is when there's
- 28:06something specifically that something specific that you're
- 28:10calling. How will I put it?
- 28:15So follow up is when you just call in and say what's up.
- 28:16Then follow through is when there has been a predetermined
- 28:20course of action. You and the other person, you
- 28:22guys decided that something was going to happen next and you're
- 28:24calling now to be sure, like how far?
- 28:26Like what's up? Are we going to go through with
- 28:28this thing or not? So following three is absolutely
- 28:31essential. If you collect e-mail addresses
- 28:33and phone numbers and you do nothing with them, then nothing
- 28:35is going to happen. So consistency #1 be doing it.
- 28:39Plenty, plenty, plenty, plenty. Don't do one advertisement.
- 28:41Be advertising steady every month.
- 28:44Don't do just one content marketing piece.
- 28:45Be content marketing every month.
- 28:47Every week. As you're collecting phone
- 28:49numbers and emails, don't just be keeping it on your phone or
- 28:54on your computer. Sorry, forgive me, excuse me.
- 28:58Rather, you need to putting the dials you need to sending
- 29:03messages, you need to reach out to people.
- 29:05And then there's this whole thing of measurement.
- 29:07Well, not really measurement, but pay attention, see what's
- 29:10working and see what's not working.
- 29:12If something is not working, then just stop it.
- 29:15Well, first of all, you, you can, what's the word, you know,
- 29:19diagnose to be sure that you're doing things the right way.
- 29:21So if your online campaign is not working, then just try and
- 29:24diagnose like what's wrong? Is my copy wrong or am I
- 29:27targeting the wrong set of people or am I not putting
- 29:31enough money behind the campaign or let's see what else?
- 29:36Am I using the wrong format? Because like there's a time that
- 29:40banner advertisements used to used to rock as you know, the
- 29:43ones that you open and then just covers the screen.
- 29:46But now the ones that open and cover the screen, people try to
- 29:48avoid. So I think if you're trying to
- 29:50do banner advertisements now, that might not be a good idea.
- 29:54So that's not banner, that is a pop up, pop up advertising.
- 29:57So these are the sorts of ideas I may be asking yourself whether
- 30:00this thing is working or whether why this thing is working or why
- 30:03this thing is not working. But basically, if it works,
- 30:07continue doing it, don't change it.
- 30:09So I think I'll just wrap it up here, especially since funnels,
- 30:15especially online funnels is not my thing because my specialty is
- 30:19personal selling. So one-on-one, you're talking to
- 30:21somebody, you want the person to buy or you want the person to
- 30:24take the next step in considering your considering
- 30:29your services. So that's actually my specialty.
- 30:32So to learn more about Aida ADA, attention.
- 30:36Sorry, Abby, what was it? Awareness, awareness, interest,
- 30:41decision, Abby, desire and action.
- 30:45You should be checking podcasts on advertising.
- 30:50Podcasts on marketing. Yeah, you will hear lots of
- 30:52stuff about sales funnels. So I'll just wrap it up here
- 30:55since we're already at 30 minutes.
- 30:57Please connect with me on WhatsApp for questions, quick
- 31:00tips and insights. The phone number is 08064662140
- 31:05and the country code is +234. Also connect with me on LinkedIn
- 31:08is the best social network for business career development and
- 31:11networking. The name to search for is Tava
- 31:14Shima IED. That's my name.
- 31:15I'm the host of the show. So thank you very much for your
- 31:18time and attention. I'll catch you guys at the next
- 31:20episode. And it's a Friday night, so
- 31:22you'll have a wonderful weekend.