Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Stop Chasing Dead Ends! Your Guide To Closing The Next Sale In Nigeria
Transcript
- 0:01Today on the podcast, we're going to be looking at lead
- 0:04scoring again. Today on the podcast, we're
- 0:07going to be looking at lead scoring.
- 0:09What is a lead? How do you score a lead?
- 0:13And does the practice of lead scoring do anything for your
- 0:17business? Hello and welcome.
- 0:20My name is Tavishima Ayede. I'm the host of the podcast and
- 0:23I'm making today's recording. I'm on the road, so you're going
- 0:27to hear some noise in the background because it's raining.
- 0:30So the goal of this podcast is not to tell you about my pearls.
- 0:35If you like talking about business problems like today,
- 0:38lead scoring, how do we figure out who it is that we're going
- 0:40to call? Who is a good prospect to call
- 0:42back? What are the best opportunities
- 0:45for me to make some money? If these are the sorts of
- 0:47questions that you're worried about, then this podcast is the
- 0:50show for you. Subscribe on Spotify, YouTube,
- 0:54Apple, or any player of your choice.
- 0:56And if you'd love to connect, you can call, send me a text
- 0:59message or a WhatsApp message on 08064662140.
- 1:06Again today we're looking at lead, scoring lead, LEAD.
- 1:11Now, First off, what is a lead or who is a lead?
- 1:15Now, for those of you who are listening to the show for the
- 1:17first time, a lead is anyone who has done something to show that
- 1:25they might be interested in your product or your service.
- 1:28And you managed somehow to collect the person's contact
- 1:31details. So that is the person that you
- 1:35call a lead. So if someone is interested in
- 1:36your product or service, but you couldn't, you know, chat them up
- 1:40in a conversation, you couldn't get a phone number, I couldn't
- 1:42get e-mail address, you couldn't get anything.
- 1:44The person walk up as well, you know, you can't call that the
- 1:47lead. But if you look at the sheet of
- 1:49paper, you look in your inbox, you look somewhere and there's a
- 1:52name and there's a phone number, there's an e-mail address.
- 1:56It looks as if this person might be interested.
- 1:58Then maybe you have a lead. So that essentially is what a
- 2:01lead is. But remember, this person must
- 2:05have done something in the past to show that they are interested
- 2:08in your product or in your service.
- 2:11Because there's some people who say, I went and scoured the
- 2:14Internet and I got 5000 leads. And of course, the question is
- 2:185000 leads, how? Like how do you know that
- 2:22they're interested in your product or in your service?
- 2:26So let's say you're a plumber. You go to the estate that is,
- 2:30you know, on your way to work. It looks like they're a rich
- 2:32man's estate and it's a good place to get some clientele.
- 2:35Then maybe you have somebody there who works in the estate
- 2:40admin office or something like that.
- 2:42And then from there, you're able to steal, let's say, 3000 phone
- 2:46numbers of the people who live in that estate.
- 2:48And your goal is to call up that numbers, all those numbers to
- 2:51see if they need a plumber or not.
- 2:53You can say you have 3000 leads because yes, you have 3000
- 2:57contacts on a sheet of paper, but you do not know if any of
- 3:01these people is interested in your product or your service.
- 3:04However, let's say that same plumber goes to that same
- 3:08estate. You talk to your guy and you say
- 3:11guy, I beg, when are they doing estate meeting?
- 3:15Then the person tells you estate meeting is the last Saturday of
- 3:18every month. Now you say, I beg, please help
- 3:20me speak to chairman or PRO, let me go and make presentation so
- 3:24that if anybody who needs plumbers, they will call me.
- 3:27He was able to hook it up. And then you go for the meeting.
- 3:31But before you give your presentation, chairman says, no,
- 3:34we're not taking any presentation today.
- 3:36But you know what, let me just pass around a sheet of paper.
- 3:39Anybody who is interested in talking to this plumber, write
- 3:41down your name and your phone number and you say thank you
- 3:44Sir. And then you wait there and then
- 3:46people write that name on their phone number.
- 3:47They give you a sheet of paper and they say, Mr. Plumber,
- 3:49please can you excuse us? We're about to deliberate on
- 3:52very important matters and we don't want outsiders.
- 3:55So now you take that sheet of paper, you leave.
- 3:58If 26 people wrote their names on that sheet of paper, well,
- 4:02maybe we can call that a lead because you went there, you
- 4:06wanted to make a presentation. You were not given the chance.
- 4:08But Chairman said if anybody's interested in talking to this
- 4:11plumber, write down your name. These people have written down
- 4:14their names. So now you have a list of
- 4:16contacts of people who might be interested in your product or
- 4:19your service. Those people, we can call them
- 4:22leads. Please pay attention because
- 4:26some of you who want to grow your business will hear third
- 4:30parties, outsiders saying, we guarantee you 2000 leads.
- 4:35Are you going to get 2000 leads or 2000 contacts?
- 4:38Please listen carefully. Some of you say semantics.
- 4:42It is not semantics. It is not word play.
- 4:45If you have a list of 2000 names and phone numbers, but there is
- 4:50no indication, there is no reason to believe that any of
- 4:54these people might be interested in your product or your service.
- 4:56What you have is 2000 contacts, not 2000 leads.
- 5:02A lead is someone who might be interested in your product or
- 5:05your service, and they have done something like this example.
- 5:08They wrote their name on a sheet of paper.
- 5:10It gives us hope that we are closer.
- 5:14It's not a guarantee that the deal will close, but it means
- 5:17that at least we are talking to the right person.
- 5:19And when it comes to sales and business development, a lot of
- 5:22things that we do should be geared towards making sure that
- 5:26we are indeed talking to the right people from the beginning.
- 5:30Because if we are talking to the wrong people from the beginning,
- 5:33there is no amount of gist of toasting, of prayer and hard
- 5:39work that can turn the wrong contact into a lead.
- 5:44Who's going to pay you money? Just can't be done.
- 5:48Let's say I sell Mercedes Benzes S class brand new from America,
- 5:55straight direct from the factory.
- 5:59I go and pay somebody for 2000 leads.
- 6:03The person go and scout the Internet.
- 6:05Well, unfortunately for me, of all the 2000 on that list, the
- 6:10most somebody can afford to buy is KK.
- 6:13Now, do you think there's any amount of hard work I will do
- 6:16that will turn those 2000 leads into one paying customer?
- 6:19The answer is no, because somebody went around, got me a
- 6:24bunch of names and phone numbers.
- 6:25The most that anybody can afford on that list is to buy KK.
- 6:28And unfortunately, the gap between the cost of KK and
- 6:32between the cost of Mercedes, it's too much.
- 6:36So if I'm buying this is brand new and I want to sell them at
- 6:384050 M and KK is 1.2 M, the gap between 1.2 and 50 is too big,
- 6:47we can't make that sale. So please, this is not
- 6:50semantics, pay attention. So sorry that I've wasted 6
- 6:54minutes in hammering this definition here, but believe me,
- 6:57this is 1 definition that is important, especially since
- 7:00nowadays there are lots of Nigerian businesses that will
- 7:03say come with us, pay us, we will guarantee you 100 leads,
- 7:08200 leads, 1000 leads. Be sure about what you're paying
- 7:12for. Are you paying for leads?
- 7:14IB you're just paying for contacts.
- 7:16OK, now lead scoring. Now what lead scoring means is
- 7:21it's a practice of giving a number value to a lead.
- 7:26You see a name on a sheet of paper, it says Chukwudi, a hand
- 7:30outro. Then you know has a number next
- 7:32to it, a lead score, you know, maybe 98 or 100 or two.
- 7:41The number next to it when you're doing the practice of
- 7:44lead scoring is to show how much value that contact has because
- 7:49not all contacts are the same. Back to the guy who sells
- 7:54Mercedes. There are some people on that
- 7:57list. The most that they can buy is
- 7:59KK. If you're going to score that
- 8:01person, score that person 0. Because as far as you know,
- 8:04today, the person who buys KK will not be able to buy a
- 8:07Mercedes. Now, God might elevate his
- 8:10circumstance and maybe in one year he should be able to buy a
- 8:12Mercedes-Benz, but that is not today.
- 8:15There's some people on that list who have serious bar and who
- 8:20have recently elevated their status and they're looking on
- 8:23buying a car that will reflect it accordingly.
- 8:26That kind of lead will be scored higher because that kind of
- 8:30person is closer to being serious, is closer to buying, is
- 8:34closer to being hot. Hot is closer to being ready to
- 8:37make a decision. So that one will score higher.
- 8:40So that is what lead scoring is. You have a number of contacts on
- 8:45your sheet of paper, on your Excel sheet, in your CRM, on
- 8:49your phone, on your wherever the database is, and then you come
- 8:53up with a way. Excuse me of ranking them or
- 8:58scoring them between 0. Excuse me between 0 and 100.
- 9:06Who has the greater likelihood of converting?
- 9:09Converting just means take the next step.
- 9:11Who has the greater likelihood of converting, taking the next
- 9:14step, or ultimately becoming a customer?
- 9:17We're just trying to find out how to rank these people now.
- 9:21What is the reason for lead scoring?
- 9:23For businesses that do lead scoring, the whole goal is this.
- 9:27You're trying to figure out how to prioritize your sales efforts
- 9:30so that by the time you look at the list and you see all those
- 9:32people that score 00255, you just leave them.
- 9:37They're all those ones that the score is 98176.
- 9:41You pursue those people because they have the highest chance of
- 9:46converting or becoming a paid customer.
- 9:50I repeat, the reason why we do lead scoring is so that we can
- 9:53prioritize our sales efforts, know who to chase after.
- 9:59So essentially, that is the reason why some businesses do
- 10:04lead scoring. I don't advocate for lead
- 10:06scoring, but I will explain as we go on.
- 10:09For now, let me put my bias to the side and let me just explain
- 10:13the thing as it is. You will not make up your mind
- 10:15whether lead scoring is a good idea or not.
- 10:19And in case you haven't figured out the reason, the reason why
- 10:22we're discussing lead scoring today is because I'm talking to
- 10:27a client of mine who has a sales team and the sales team, they
- 10:31are talking about doing lead scoring.
- 10:34I've already told them it's a bad idea and I've already
- 10:36explained everything. Well, it's a bad idea in their
- 10:39own circumstance, in their own context.
- 10:42And I'm going to explain today why for lots of you, especially
- 10:45those of you in the SME space, remember I'm talking about small
- 10:49and medium scale enterprises. For those of you in the SM and E
- 10:54space, lead scoring is a bad idea, or at least it's a
- 10:58distraction. Let's OK, let's not say it's a
- 11:00bad idea, it's a distraction for now.
- 11:03I repeat for those of you who are in the SME space, small and
- 11:08medium scale enterprise. All right, so I've explained
- 11:12what the lead is. I've said the reasons why we do
- 11:16lead scoring so that we can prioritize our sales efforts.
- 11:20And then also it helps us to make our lead nurturing smooth
- 11:25because all those people that have low scores, you know,
- 11:27205712, we put those people in lead nurturing sequences.
- 11:33Now a lead nurture nurturing sequences.
- 11:35When you take a group of people, you bunch them together and you
- 11:38say, look, these ones, they can't afford to buy what we have
- 11:42now or they can afford it. They're not interested or they
- 11:44might be work up us. So let's just put them somewhere
- 11:47so that every two, two weeks, every 3-3 weeks, every one, one
- 11:51month, they'll be receiving WhatsApp messages from us,
- 11:54e-mail messages from us. Let us remain top of mind, let
- 11:57them get educated, let them be gingered, let them be inspired
- 12:01so that eventually they can move up on the scale.
- 12:04So yeah, we're also able to do this more effectively by the
- 12:08time we start doing lead nurturing.
- 12:10Now, the goal of all this, in case you haven't figured out, is
- 12:12increased revenue. If you're able to prioritize
- 12:15your sales efforts and begin the Porsche, all those who scored
- 12:187689 and 99100 and then the other people, you just put them
- 12:23in lead notion. You don't waste your time.
- 12:26Over time, money should be trickling in.
- 12:28The people who are in lead nurturing.
- 12:29The thing should be automated. And over time, you know those
- 12:33ones will become much more viable prospects.
- 12:35They pay attention to them. But excuse me, Either way, we
- 12:40increase our revenue over time. Now somebody's going to ask, how
- 12:45do you determine scores? How do you determine scores?
- 12:51And this is how you do it. Essentially, the answer is data.
- 12:57Data just means information. So you need information, you
- 13:02need demographic information. Demographic information is all
- 13:06that simple stuff that they taught us back in primary school
- 13:09in Nigeria. Age, height, sex, location,
- 13:14occupation, what else? Salary level, you know, all
- 13:18those sorts of things. So all those statistics, this is
- 13:21what we call demographic data. Now, the reason why demographic
- 13:26data is important is because it helps us to match ICP.
- 13:31And ICP is the ideal customer profile.
- 13:33Now, no matter what it is that you sell, you'll find that
- 13:36there's an ideal customer profile.
- 13:37The ideal customer profile are the people who really like your
- 13:39product or your service, the people who pay you well, the
- 13:42people, OK, well, me, I'm the one who's adding that extra
- 13:45whatever. But traditionally ICP is just
- 13:47the people who mostly buy what it is that you sell.
- 13:50Now for me and a couple of other people, we added that extra
- 13:54element that is not just a matter of people who
- 13:57traditionally like what it is that you sell or who need it,
- 14:00but also, you know, people who pay you well, people who pay you
- 14:02on time, people you enjoy working with, you know, things
- 14:04like that. Because time is going to pass
- 14:07anyway. You're going to have to service
- 14:10the customer anyway. You might as well service people
- 14:13that at least you enjoy working with.
- 14:14And the financial returns are, you know, are sweet.
- 14:17That's the whole idea. So when you check all the people
- 14:23that have been paying you money over the last less you've been
- 14:25in business three years, by the time you look back all three
- 14:27years, you start noticing some things like, oh, it's mostly
- 14:30women that buy what I have, or oh, it's mostly men that buy
- 14:34what I have. Or oh, they seem to be mostly
- 14:36from a certain tribe. Or oh, they seem to live.
- 14:39Most of them seem to live in Oshobo.
- 14:42Or you know, oh, most of them happen to be lawyers or oh, most
- 14:47of them happen to be hairdressers or whatever.
- 14:50You start seeing some commonalities, all those
- 14:52commonalities that you see that we can describe in terms of what
- 14:55they taught us in primary school.
- 14:57Remember social studies when talk about demographics, age,
- 15:00location, sex, economic background, salary, address, you
- 15:05know, blah, blah, blah. All that is demographics.
- 15:08Now let us look at this is one example.
- 15:11Now, for instance, I'm currently working with someone who is in
- 15:14the business of providing content, affordable content to
- 15:18businesses. So content production, that's
- 15:20what the guy does. The guy set up an app that is
- 15:23supposed to and I don't mind me. See, I don't understand all this
- 15:26technical stuff. So and sometimes I don't need to
- 15:28know. I just want so long as I
- 15:30understand what the goal is, I can help you get there.
- 15:32So especially for those of you need tech space, I really don't
- 15:34need to understand, you know, the code and how your product
- 15:37works. All I know is somebody gives an
- 15:40idea, you do your thing. I look at the output and I'm
- 15:44like, oh, OK, the output is quite good.
- 15:46You know, however it is that the thing works.
- 15:49Quite frankly, I don't know. And as long as the thing works
- 15:54all the time, my job is to see how we can sell that thing.
- 15:58So now for people like that now who are in the content
- 16:01production space, demographic just means what are the job
- 16:05titles of the people who buy my stuff?
- 16:07Because that's demographic info. Is the person CEO?
- 16:10Is the person entrepreneur? Is the person founder?
- 16:14Is the person chief marketing officer?
- 16:16Is the person social media manager?
- 16:19You know, it depends. What are the job titles?
- 16:23Is the person the sales manager? Is the person the head of sales
- 16:26division? Then you will also notice some
- 16:30similarities when it comes to company size.
- 16:32You might notice that OK, over the last year I've done business
- 16:35with 50 companies. Out of the 50 companies, it
- 16:39looks as if 80% of them are one man show.
- 16:41In that case, you now know that any company that is just Auger
- 16:47or maybe Orga and Secretary that might be a good that might match
- 16:53your ICP, your ideal customer profile.
- 16:55So these are the thing kind of things that you look for when it
- 16:57comes to demographic data and then you score people
- 17:00accordingly. So whenever anybody matches the
- 17:03demographic data, you begin the add, mark, add, mark, add, mark.
- 17:09The less that people match the demographic, demographic data,
- 17:13you begin the subtract, subtract, subtract.
- 17:17This is what determines how some people will be 0 and some people
- 17:20will be 98. Then remember what I said
- 17:24earlier that they lead is someone who has done something
- 17:27in the past to show that they might be interested.
- 17:30So the next kind of data you're going to get is behavioural
- 17:33data. What actions did the person take
- 17:36that shows their level of interest?
- 17:39The people that visited your site and downloaded content,
- 17:43then sent you an e-mail, then sent you Adm and then maybe give
- 17:48you a phone call. Of course you will rank those
- 17:50people high or like somebody that just looked at your e-mail.
- 17:54And so I looked at your website or Instagram and then sent you
- 17:58an e-mail, you know, so in theory, this is how we start
- 18:04ranking people demographic data. What information do we have on
- 18:07them? Then behavioral data, what are
- 18:10the kind of things that they did that shows they might be
- 18:13interested in our product or in our service?
- 18:17So summary, you will find that no matter how complicated lead
- 18:21scoring is, you will see now this is what people are doing
- 18:24when they lead score. You either use demographic data
- 18:27or use behavioral data. How much do they match our ideal
- 18:31customer profile? What kind of activities, what
- 18:35kind of behaviour do they engage in to show that they might be
- 18:38interested? So based on that, we'll now know
- 18:40whether we'll rank somebody zero or five or whether we'll rank
- 18:43somebody 76 or 92. So the question for today, is
- 18:51this a good idea for people in the SME space?
- 18:55If you have just created this app, you're just starting this
- 19:00business, is this a good idea for you to be doing lead scoring
- 19:06if you sell solar products, but you know, you're not one of
- 19:11these companies that are OK, like Xenox, for instance, Xenox
- 19:17the OR is it Xenox? I'm not sure what it's called.
- 19:20The Nigerian company back when I was in uni, they had launched
- 19:23Nigeria's first laptops, Nigeria's first laptops, you
- 19:27know, design produced in, in Niger.
- 19:31I don't know if the other people who produce laptops now, but
- 19:33anyway, Xenox or Xenox, they've now started producing solar
- 19:38equipment as well. And of course, you know, Xenox
- 19:41or Xenox, you know, they're, they're national everywhere.
- 19:43You know, Lagos, Abuja, ABBA, ABBA, Kaliki port are called
- 19:47Kanu, Kaduna. So they're everywhere.
- 19:50So I'm not talking about Xenox. Now, let's say you started your
- 19:55solar company. It's you, your brother, and then
- 19:57you have two salespeople. Is lead scoring a good idea?
- 20:02And the answer is this. For corporations, maybe it's a
- 20:06good idea because for corporations, for big companies,
- 20:09for Xanax, Now, maybe it's a good idea because everything is
- 20:12formalized, everything is all roboticized, everything is
- 20:15automated. So yeah, it might be a good idea
- 20:17because you have plenty and plenty and plenty of sales
- 20:19teams. So you need to look for a metric
- 20:22leading way to manage your sales team.
- 20:24So you can have a meeting in the morning and say, Oh yeah, my 100
- 20:28sales people from #1 to 2, all of you pay attention to the
- 20:33leads that are ranked 46 to 52 from numbers, you know this to
- 20:39this pay attention to, you know. So yeah, the certain scale, you
- 20:43know, you, you need lead scoring to share, manage operations and
- 20:48manage your sales team. But remember, I'm not talking
- 20:51about big corporations now. I'm talking about people in SME
- 20:54space. You have created this app.
- 20:56It is you and five or six salespeople, OK, you one or two
- 21:01developers because you need to make sure that this app don't
- 21:03crash. Then the people on the sales
- 21:05team are like, you know, two or three shower all of you when I
- 21:08know past 10. Is this a good idea for you for
- 21:13the small and medium scale enterprises lead scoring?
- 21:16Yeah, maybe not. Maybe it's not such a good idea
- 21:20because when you do lead scoring and you are an SME, you are
- 21:24wasting too much time in mind reading people.
- 21:27You're wasting too much time in guessing things because at the
- 21:32at the SME level, all of this is just guesswork.
- 21:35You guys have a sheet of paper and then you're guessing and
- 21:37you're guessing. The alternative is this.
- 21:40Instead of guessing at what a lead score is, talk to your
- 21:45customers and stop this guesswork.
- 21:48When you talk to them, you will know who is a serious person to
- 21:52invest time with and who is not. Remember what I said?
- 21:56I'm talking about SME's. Now, if you're a big
- 21:59corporation, then you know, by all means, by all means, because
- 22:04you will hear about lead scoring and you hear about companies
- 22:07like HubSpot, for instance, who sell CRMS and how they are doing
- 22:11lead scoring to determine who it is that they pursue, who they
- 22:14chase, you know, But that is HubSpot International
- 22:16conglomerate, you know, hundreds and hundreds of sales teams.
- 22:19Those ones, excuse me, they get contacts in the thousands and
- 22:22thousands and thousands. So in that case, more now the,
- 22:27you know, automate and whatever, but SME, you are your boys.
- 22:33You will just gather some resources.
- 22:34You're in space, you understand doing lead scoring, you're
- 22:37wasting your time, you're doing guesswork.
- 22:39Go and talk to your customers. Now, the alternative way to try
- 22:45and sort out, to try and rank who is a serious person, who
- 22:49should I be spending time with? So excuse me, I keep talking
- 22:52about the time and time on the podcast and I've spoken about
- 22:54qualification frameworks. Now, qualification framework is
- 22:58any framework, any outline, any guide, any philosophy, any
- 23:03worldview, any whatever that helps to guide you when you're
- 23:06having conversations with people to try and figure out, am I
- 23:10talking to the right person? Are they interested in my
- 23:12product or service? Can they afford what it is that
- 23:14I have? Do they have a serious problem
- 23:17or they have a serious problem? Do I have the skill set or the
- 23:19inventory to meet that problem? That essentially is what
- 23:24qualification is about. If you use qualification
- 23:28frameworks, you're going to be able to prioritize conversation.
- 23:30Sorry, I say conversations or forgive me, you know, sometimes
- 23:34you know why you're just rocking on the mic.
- 23:36You know, life like that, you know, once in a while talk to
- 23:38Easter. So conversations I have, so I
- 23:41need to say so you don't know how to prioritize conversations
- 23:45where you have the most answers. In other words, every
- 23:49qualification framework that you have is what you require you to
- 23:53look for certain things or to ask for certain things based on
- 23:58the responses that you have from those questions when you're
- 24:01talking to potential customers, you will now know, is this
- 24:04person serious? Is this person to walk up us?
- 24:07Is this person a High Roller or is this person broke?
- 24:10OK, this person is a High Roller but is he merely curious or does
- 24:14he have a serious problem? Does she have a serious problem?
- 24:17So I have spoken about lots of qualification frameworks, but 2
- 24:20popular ones that I've spoken about on the podcast are spin
- 24:23and then band One Then I won't need and afford.
- 24:27I repeat, I've spoken about 3 a lot on the podcast.
- 24:29The spin, this band, then this one need afford.
- 24:32Now let me clarify something. Excuse me.
- 24:38The reason why I speak about these 3 is not because they're
- 24:40the best. It's not because they're the
- 24:42ultimate. There are many qualification
- 24:44frameworks then plenty many. If you go and search on the
- 24:48Internet, don't be surprised if you come up with a list of maybe
- 24:511520. The reason why I talk about
- 24:54these ones is because they're simple.
- 24:56If you notice all of them for four letters spin S PIN4 letters
- 25:01for requirements bands BAN T4 letters for requirements want
- 25:06need afford urgency only four criteria 4 things that one is
- 25:10simple. These are things that you can
- 25:13remember so that even if you're sleeping and your son comma
- 25:17wakes you up and say daddy daddy, daddy what is want?
- 25:20What is a sorry? What is a band qualification
- 25:22framework? In your drowsy state, you will
- 25:24explain it 100% in your sleep and then in your drowsiness and
- 25:29then go back to sleep. It's something you can know and
- 25:30you can internalize. Now remember what I say.
- 25:34Simple means easy to remember. Easy to remember means easy to
- 25:38do. Easy to do means easy to improve
- 25:42upon over time. Please remember because people
- 25:47like looking for, you know, you want to find a qualification
- 25:50framework that has, you know, 12 objectives.
- 25:55Each objective has like, you know, 3 or 4 intermediate steps.
- 26:01You know, essentially you're supposed to be running the sales
- 26:03play and paying attention to 4849 steps.
- 26:06Like Oh my, what is that? Now when you become a big boy in
- 26:11selling or a big girl in selling and you've mastered some things,
- 26:14yes, mastering complicated mental frameworks is not a
- 26:18problem. Why?
- 26:19In the beginning, please just pick all these small, small
- 26:21ones. 33 letters, 4/4 letters is OK.
- 26:24You remember it because you remember it.
- 26:26You will do it because you will do it.
- 26:28You'll be able to improve over time because you'll be able to
- 26:31improve. You'll be able to get better
- 26:32results. When you get better results
- 26:34means you're making more money. So please in the beginning, keep
- 26:37it simple. So again, we have SPIN, we have
- 26:41bands, and then we have want, need and afford.
- 26:43Now let's look at speed. SPIN is an acronym, and the
- 26:49acronym is for the main things that we should be looking out
- 26:51for when we're having conversations with people.
- 26:53Because remember, a qualifications framework is just
- 26:59a framework for arranging your conversation.
- 27:03When you're talking to somebody, what kind of conversation should
- 27:05you be having? What kind of questions should
- 27:08you be asking? What kind of information should
- 27:10you be eliciting from these people?
- 27:12So that is what the conversation framework is.
- 27:14So now SPIN situation, problem implication and need payoff
- 27:21again, SPIN situation questions, problem questions, implication
- 27:28questions, need pay off questions.
- 27:30Don't worry if I'm running too fast for you.
- 27:33All you have to do by the time you're done with this particular
- 27:35episode is either rewind and listen again or just go to
- 27:38ChatGPT or Perplexity or whichever AI tool you like and
- 27:42just type in. I am a Nigerian petrochemical
- 27:46engineer. This is the product that I am
- 27:49selling and I'm trying to target people in so, so, so and so
- 27:52industries. I have heard on the podcast
- 27:55about the spin qualification framework.
- 27:58How does spin qualification framework apply to the Petro
- 28:02chemical industry in Nigeria? How should it guide my
- 28:06conversations and what kind of questions should I be asking
- 28:10when I'm having a conversation with potential customers?
- 28:13So that is the prompt that you will use then ChatGPT
- 28:17perplexity, Google, Gemini, whatever it is we're now
- 28:21explaining for you, you write everything out.
- 28:24This is what situation question is.
- 28:27These are examples of situation questions you think you will
- 28:31even ask you. Do you want some more ideas
- 28:33about situation questions? So don't worry, just understand
- 28:37first the spirit, the principle behind what it is that I'm
- 28:42saying. So spin situation questions,
- 28:45problem questions, implication questions, need pay off
- 28:48questions now situational questions back to this idea of
- 28:52somebody. And by the way, the reason why
- 28:54I'm doing that is because this is what I'm currently working
- 28:57on. Now, like I said, the guy has
- 28:59this app, they produce content to produce it for at affordable
- 29:03rates. They have packages between
- 29:0430,000 and 99,000. That's for the whole month
- 29:07though, not for one post. So when I say affordable, I mean
- 29:10affordable. And we're trying to figure out
- 29:13how best he can sell and how best he can approach the market.
- 29:16So the reason why I'm looking at this now, using him as an
- 29:19example, is because these are precisely the kinds of questions
- 29:22that we are working on every day.
- 29:26So situational questions. That is where my guy who has the
- 29:33app is supposed to be asking people.
- 29:34Are you struggling with visibility online?
- 29:38Are you struggling with engagement on your social media?
- 29:41Basically situational question just means what's up, what's
- 29:45happening? What's the 411?
- 29:47What's going on within the Apple?
- 29:50That's just what situational questions mean.
- 29:53You're a tailor or your fashion designer.
- 29:55Somebody comes and says, I want you to design peplum and you
- 29:59say, oh sure, no problem, we can design mommy, no problem, we can
- 30:02design peplum. But mommy, what's happening?
- 30:05Is it by day or is it marriage anniversary or is your daughter
- 30:11getting married? Those questions.
- 30:14Is it by day or is it wedding anniversary or is it daughter,
- 30:19your daughter getting married? Those are situational questions.
- 30:22What's going on? What's happening?
- 30:24What's the four on one waiting to happen?
- 30:27How can I help you? Well, mommy, why are you here
- 30:30today? Those are situational questions.
- 30:33You're trying to figure out what's going on.
- 30:35So now my guy who has this app, who is into content production
- 30:39affordably and reliably situational questions is where
- 30:42he's asking questions like that. Are you struggling with
- 30:44visibility? Are you struggling with
- 30:45engagement? No problem questions.
- 30:48That is where you dig in to find the nature of the problem.
- 30:52So if they're struggling, this is where you ask them, you know,
- 30:55straight up, oh, OK, you're struggling.
- 30:57But the problem is you're only producing one piece of content a
- 31:00week bar is that it? You're you're hindered by speed.
- 31:03You see, you're narrowing down the problem now then implication
- 31:08of questions where you ask them the question like OK, we don't
- 31:11solve this problem. What's the worst that can
- 31:13happen? You need to ask because this is
- 31:16the part that will let you know whether this person is serious
- 31:19or just they walk up us. So if you say, oh, you want to
- 31:22produce 1 content a week and it's one piece of content a
- 31:25week, OK, yeah, that sounds like a problem.
- 31:27But you know, to be honest, you're already putting out four
- 31:30things a month. So if you're not able to solve
- 31:32this content problem, like what's the worst that is going
- 31:35to happen If the person says the worst that's going to happen.
- 31:38I told you, I'm already suffering.
- 31:39I'm getting ready to suck my stuff by December.
- 31:42They asked me what's going to happen.
- 31:45Now, that kind of person, you know, might be serious because
- 31:49for them, as far as the guy is concerned, if I don't start
- 31:51producing more than two, three, 4-5 pieces of content in a week,
- 31:55I might have to start sucking people Is the same thing.
- 31:58You have a fashion designer? Well, yeah, sure, no problem.
- 32:01When we can produce peplum is not that bad.
- 32:03But Mommy, do you have any Plan B?
- 32:05You know, in case it's popular. My dad didn't work, so.
- 32:07Oh yes, my sister-in-law brought me a something something
- 32:11Givenchy gown from Paris something, something, blah,
- 32:13blah, blah, blah. OK, Mommy, you know, OK, Mommy
- 32:15has a Plan B. Maybe, maybe it's not as
- 32:19serious. Mommy has options.
- 32:22My mommy answers you and says what are you asking me for this
- 32:26wedding that I told you is in two weeks?
- 32:29Say look bimpy, bimpy, don't disappoint me.
- 32:32In fact, I need this thing ready by next week, Tuesday.
- 32:37I want to come and do testing by Tuesday so that if there's any
- 32:40alteration will be done before Friday.
- 32:42When somebody's talking like that, because you're asking them
- 32:44implication question, you now know that this person is
- 32:49serious. The thing is peppering them.
- 32:51That's open of implication questions.
- 32:53By the way, lots of Nigerian people, business people, this is
- 32:57where we mess up. We don't ask implication
- 32:59questions. Somebody calls you up.
- 33:01Oh, boy. Alpha, I'm good.
- 33:02You design websites? Of course.
- 33:04Now, of course, we're doing this for like 5 years so far.
- 33:07What? Error rates?
- 33:07That's no problem. Now it depends.
- 33:09I can design for 1:50. There's designs for 3:50.
- 33:12There's designs for 5:50. OK, Well, I send me proposal.
- 33:17No problem. Should I send it to your
- 33:18WhatsApp? Yeah, I'll send it to your
- 33:20WhatsApp. You now send it the person who
- 33:22goes to you. You now say the person is all
- 33:23serious. You didn't ask any questions.
- 33:26Really. You didn't.
- 33:28You didn't ask situation questions.
- 33:30You didn't ask problem questions.
- 33:31You didn't ask implication questions.
- 33:33You didn't ask any question. Oh, yeah, sure.
- 33:35We can design websites. What do you need the website
- 33:37for? Oh, OK.
- 33:39All right. No problem.
- 33:40OK, so that means you're more like in the retail space.
- 33:43Oh, sorry. Forgive me.
- 33:44OK. You're actually doing
- 33:44e-commerce. Since you're doing e-commerce,
- 33:48you know, your website has to be robust because we need plenty of
- 33:51back end things to work well so that you can people can add to
- 33:55queue, you can process payments. Oh, by the way, who's your
- 33:58payment processor? OK, it's PayPal that you're
- 34:01using. OK, and no problem, no problem.
- 34:04See, you're asking questions, you're asking questions in your
- 34:09mind. You're not getting a sense of
- 34:10what kind of website are you going to design instead of just
- 34:13sending somebody. It was called the price list
- 34:19websites. 100K to 150, then Class B is 250 to 3:50, then
- 34:25Class C is 350 to 800. Engage people in conversations,
- 34:31please. That my Nigerian brothers and
- 34:32sisters. Engage someone in the
- 34:34conversation. Ask them what's up, what's going
- 34:36on, what's the 411? That's the spirit of the
- 34:40conversation. If you don't know which question
- 34:44to ask, just start with. Oh, how can I help you today?
- 34:47I know some of you think they're stupid.
- 34:49You're a Carpenter. Somebody comes to your shop.
- 34:51You're asking how can I help you today?
- 34:52It sounds stupid, Abby, but don't worry.
- 34:55Just try it with patience. Just try it.
- 34:59Say hello, Olga. Carpenter.
- 35:02Maybe Carpenter. Oh, yes, yes, yes, I'm the
- 35:04Carpenter. So, Madame, how can I help you
- 35:06today? And then just be like that.
- 35:08But I will now start talking situational questions.
- 35:12You're trying to understand what kind of thing that is going on.
- 35:16Problem question. What's the problem that they're
- 35:18trying to solve? If somebody's asking that you're
- 35:21all the table you make should be mahogany or should be Euroco,
- 35:24there's a reason why they want it to be Euroco or mahogany.
- 35:28Ask. Don't just say, Oh yes, if it's
- 35:30mahogany wood, it is this amount.
- 35:32If it is Euroco wood, it is this amount.
- 35:34If it's ordinary ply wood is this amount ask then you also
- 35:40need to lead in the implication questions.
- 35:43OK, Madame, we can do it, but I would like this thing will be
- 35:47expensive small sure, just in case it's too expensive.
- 35:50I don't it's not something that even do self like what's going
- 35:53to happen. You know my says, if you can't
- 35:55walk out work carry my old dining table.
- 35:57Now problem solved. In that case, as you're
- 35:59following this woman to young, you know that this is not
- 36:03something that is really, really choking her.
- 36:05But she says that, look, this thing has to be ready.
- 36:08It has to be set. I'm moving into my new house.
- 36:11We're going to do house warming, and I want a befitting dining
- 36:14table in my dining area. OK, It sounded like there's
- 36:18something here. OK, 36 minutes, so let me move
- 36:21on. Well, basically you've seen that
- 36:23that is spin. I say yes, spin qualification
- 36:27frameworks now need pay off questions.
- 36:32That's when you just ask people about the kind of results that
- 36:35they are looking for now when you have those kinds of
- 36:39questions. So back to my guy who is
- 36:41designing this, the app now, for instance, that creates contents
- 36:46now, So excuse me. So if you ask questions, if you
- 36:50ask them questions around the kind of positioning that they're
- 36:53looking for, the kind of branding that they're looking
- 36:55for and whether they're hoping to get increased leads from
- 36:59engagement, you know, with the content, you know, all that is
- 37:02need payoff questions. So now listen carefully.
- 37:06Remember in the beginning who are saying lead scoring, you
- 37:09just simply give people a score 05179672.
- 37:17But what I'm proposing now is since you are an SME, talk to
- 37:19somebody if you're able to ask situation questions.
- 37:23Also, let me check the time because I'm supposed to be
- 37:25cutting out somewhere soon. OK, so if you ask situation
- 37:29questions, are you able to get some information?
- 37:31You understand the situation, that's good.
- 37:33If you understand the problem, that's good.
- 37:36If they say it has serious implications, that's good.
- 37:38If they will say that there's need payoff, that's good.
- 37:41Then we now know that is a serious person.
- 37:43But if you talk to somebody, you understand the situation looks
- 37:46like they have a problem, but really is not that big of a
- 37:50deal. And whether you do it or they
- 37:51don't do it, you know they're fine.
- 37:53Does it sound like somebody should be wasting time with So
- 37:59if you're someone who likes the spin qualification framework
- 38:01SPIN, then this is how you prioritise your leads.
- 38:04Talk to somebody. If you understand the S, then
- 38:09give it a tick mark. If you understand the P, give it
- 38:11a tick mark. If you understand the I, give it
- 38:14a tick mark. If you understand the N, give it
- 38:15a tick mark. If you can't take everything
- 38:18good means you have a serious customer on your hands.
- 38:21The same thing with banned. Banned is budget authority, need
- 38:25and timeline. Again, banned is budget
- 38:28authority, need and timeline. But it just means when you ask
- 38:33people questions about what they are willing to spend
- 38:36realistically. So in this case, like I told
- 38:38you, my guy has different products, different service,
- 38:42ranges between 30K and 99-K for the month.
- 38:46So it's something that you should be asking people early.
- 38:48Oh, OK. Yeah, it looks like you have a
- 38:50content problem to spend. I'm just curious how much have
- 38:53you allocated for this? You know, because we have
- 38:55packages between 30 and 99 K. It's not an investment that
- 38:58you're willing to make. If you ask how the person say
- 39:01hey 30K how am IA millionaire in your mind you know OK this
- 39:06person has unrealistic price expectations that 30K to produce
- 39:09content for the month is cheap because 30K for the month means
- 39:14the person is producing content at what's that now 30K that's
- 39:20divided by 4 that's 215 now 7575 I'll be now 7500 nap per week.
- 39:27That kind of person should you be wasting time talking to that
- 39:29person? You can see how I'm saying that
- 39:32wasting your time doing lead scoring at the SME space is a
- 39:35waste of time. Instead of just having a simple
- 39:38conversation with somebody using qualification framework, he will
- 39:41let you know what's up. In this case, if somebody says
- 39:4330K, am I a millionaire? You don't know that this person
- 39:45has a realistic price expectations.
- 39:47This person is not willing to invest 7509 a week to solve
- 39:50content. Weave this person, leave this
- 39:52person, put this person in lead notion, then authority.
- 39:57Authority just means are you talking to someone who has the
- 40:01ability to make the decision? If you're talking to the
- 40:04secretary, you're wasting your time.
- 40:06If the secretary cannot authorize, cannot cut you a
- 40:10cheque, cannot make the transfer, so that you start this
- 40:12thing. But if you're talking to the
- 40:15head of sales or if you're talking to the head of
- 40:18marketing, or if you're talking to chief revenue officer or
- 40:22you're talking to CEO or you're talking to whoever it is, but it
- 40:29looks like this person can make the decision, you're not talking
- 40:32to the right person. Invest on time now need.
- 40:38That is the same thing as you know, problems.
- 40:41If they admit that they have a problem with content on an SEO,
- 40:44good, continue the conversation. If they say Oh no we only
- 40:47produce 1 post a week and we're absolutely fine, we are totally
- 40:50fine with one piece of content a week, why waste time with them?
- 40:55Wrong person to talk to. There is no need, there is no
- 40:58problem. They're good.
- 40:59They are chilling timelines, timelines in Bant.
- 41:04BANT timelines just means you're trying to get a sense of
- 41:07people's timelines. When are they ready to take
- 41:11action? Is there any sense of urgency
- 41:13here? It's also another mistake that
- 41:15lots of Nigerian business people make.
- 41:17But luckily for me, since I started in the wedding space,
- 41:20this is one thing that we learned quick in the weddings
- 41:22and the event space. We ask that if I is one of the
- 41:26first questions we ask, oh, congratulations, you just
- 41:29proposed blah, blah, blah. When's the wedding date?
- 41:32We ask it, people think we're being nice, we're being
- 41:34personable. It's not just that we're asking
- 41:36because we want to know, should I be wasting time with you?
- 41:39If somebody says, oh, the wedding is going to be two years
- 41:41from now, Why? Why will I be wasting my time
- 41:44pursuing you on a daily basis? The wedding is in two years.
- 41:50If somebody says, oh, the family met was so enthusiastic or the
- 41:55wedding is in, you know, the wedding is is in March or maybe
- 41:59having this conversation in January.
- 42:01Now you can be following this girl up sharply because weddings
- 42:05in two months. So that's why I'm lucky that I
- 42:11started off in events. So timelines, in fact, if you're
- 42:15not married yet or you're trying to plan some event when your
- 42:18wedding, I'm telling you now I'm giving you the Expo.
- 42:21If your planner is asking you about dates and all whatnot,
- 42:24she's not just being nice and conversational.
- 42:26She's trying to figure out should I be wasting time with
- 42:28this guy or not? If your timelines are far, far,
- 42:32far, far, far, she will continue to talk to you, all right.
- 42:36But she'll be putting much more attention and focusing much more
- 42:40on people whose matter is now, now, now, now, now.
- 42:44So finally to ask questions about timelines as well in your
- 42:48business. So for someone who is in this
- 42:50kind of business of creating, producing content should be
- 42:53asking people. So when would you like us to
- 42:56start? Are you looking at putting out
- 42:58any campaigns within the next month, within the next two
- 43:00months? If somebody says six months from
- 43:02now, no problem. Be talking to the person, but
- 43:05don't be following up with that person every day, every day.
- 43:08If somebody says where can we start?
- 43:11If possible, I want us to start today and you know, follow up
- 43:17with that person that is motivated.
- 43:20Don't take action then want, need, afford and then urgency.
- 43:25Want it just means is there a need for a product or service?
- 43:29Sorry, how will I put it? OK, well, won't I need that?
- 43:31The same thing basically, there's something that Brian
- 43:32Tracy used to say wants, need and afford me.
- 43:35I just put urgency there. So basically, do they want, do
- 43:39they need it? You also have to have the money
- 43:42conversations, you know, can they afford it?
- 43:45And then urgency, when are they looking at starting?
- 43:47You have to ask. If you have answers for all
- 43:50these questions, then spend time with these people.
- 43:53If you don't have answers to any of these questions, this person
- 43:56is not worth spending time with. So ask them.
- 44:01Or if I look at your Instagram handle, are you guys thinking
- 44:04about reviving your content strategy anytime soon?
- 44:06Ask them. If they say yes, cool you have
- 44:09answers now, then dig in, figure out if there's a problem or it
- 44:14feels like you guys are losing money because you don't have
- 44:17lots of engagements and enquiries.
- 44:18If the person says my brother we are losing money, continue
- 44:22talking with them then afford. That's why you say it again.
- 44:27OK, I think I have a fair grasp of what's going on.
- 44:30But like I said earlier, our packages are anything between
- 44:3230K and 99,000 naira for the month.
- 44:36Is that an investment you're willing to make?
- 44:40Ask them based on the answer that they will give you.
- 44:43You now know this person. Should I be following up with
- 44:46them sharp, sharp, or should I just put them on the wayside?
- 44:50You know, call them once a month.
- 44:53So this is what I mean. If you're a small and medium
- 44:59scale person, instead of sitting down and trying to do
- 45:01mathematics in your head and coming up with complex
- 45:04algorithms and trying to figure out who do I score to, who do I
- 45:08score 8? Who do I score 92 or who do I
- 45:12score 37? Because believe me, it is.
- 45:15It's plenty of math work. Why not just pick up a phone and
- 45:19call somebody or go to the person's office and have a
- 45:23conversation? Based on the convo, so long as
- 45:26you have a qualification framework that you're following,
- 45:30you will now know who you're supposed to double up on, apply
- 45:36pressure on close mark, follow up, sharp, sharp, every week,
- 45:41every two, two days. You will know.
- 45:43And then you also know that, OK, you know what these are largely
- 45:48allowed to get by a large is rich, but you know based on all
- 45:53these things are largely and again, no to our problem, maybe
- 45:57I just call him every one week at those great time, you know,
- 46:01just keep up appearances. So that's how you know, and
- 46:05that's one of reasons why qualification frameworks are
- 46:07important. They help us to determine how
- 46:10we're going to prioritize our sales.
- 46:11Who should we be chasing now? Who should we be going to their
- 46:15house every day? Who should we be going to their
- 46:18office every two, two weeks? Who should I be calling every
- 46:22six, six hours or who should I be calling every 6-6 days?
- 46:25This is how you get the answer to your questions.
- 46:27Do you have a qualification or framework?
- 46:29Are you using this framework? Are you guiding your
- 46:31conversations based on the framework that you're using?
- 46:34What are the answers to the questions that you have?
- 46:36That is how you know whether you have a strong lead or you just
- 46:41have an empty contact. So summary, OK, sorry this is
- 46:46almost one hour summary Now what I'm trying to say is stop all
- 46:50these academic exercises and doing number crunching.
- 46:53Stop it. For those of you that SM ES, go
- 46:56and talk to your customers, qualify them, have conversations
- 46:59with them, engage with them. When you have plenty of answers,
- 47:04it is simple. That is a good contact.
- 47:06Continue. When you don't have any answers,
- 47:10you're wasting your time. Let this thing go.
- 47:17So what I'm trying to say is don't get distracted from
- 47:23talking to your customers. Basically, if you're in the SME
- 47:27space, anything that you're seeing online that is
- 47:29distracting you from talking to customers is wasting your time.
- 47:32I repeat, there are lots of fancy ideas that we see on the
- 47:36Internet and lead scoring is one of them.
- 47:38The idea is beautiful in principle and it's OK for, you
- 47:42know, conglomerates, for big, big corporations.
- 47:45But for those of us, those of us in the SME space, any fancy idea
- 47:50you hear on the Internet, You, you, you hear on the podcast,
- 47:53you see in a blog or something. If The thing is not encouraging
- 47:56you to talk to more customers or talk to your current customers
- 48:00more, The thing is wasting your time.
- 48:04Only pay attention to things that teach you how to talk to
- 48:08customers, how to talk to more customers, the customers that
- 48:12you're talking to, how to have more efficient conversations
- 48:14with them. That is what you should be
- 48:16paying attention to now in the SME space.
- 48:18Now, when you don't blow like Xinox, are you a multinational
- 48:23business? Customers in Nigeria, customers
- 48:27in Bennett, public customers in Togo.
- 48:33When you now reach that level ahead, you cannot be doing lead
- 48:36scoring. Until then, please don't waste
- 48:38your time with all these fancy ideas.
- 48:40Talk to your customers, please talk to your customers, talk to
- 48:45more customers and talk to them well be having efficient
- 48:48conversations. I repeat, this is your focus for
- 48:52now. Any other fancy idea excuse me
- 48:55is a distraction. When you escape this SME stage,
- 49:00they start doing all that fancy stuff.
- 49:03But until then, please my brothers and sisters, leave all
- 49:06this fancy stuff alone, please And please, this is for people
- 49:12in the SME space. So nobody should come and send
- 49:15me a message that I'm leading people astray.
- 49:17I'm telling them to go exactly where they need to be.
- 49:20Lead scoring is good for some businesses.
- 49:24So NBC, Nigerian bottling company, they sell Coca-Cola and
- 49:29Spriter. Not what?
- 49:29Not if they want to do lead scoring to determine which of
- 49:35the distributors that they should be paying more time with.
- 49:40They can do it. It's NBC.
- 49:43You are not at that level yet. If you're in the neighborhood,
- 49:46If you are the neighborhood store, don't be doing lead
- 49:49scoring. Talk to all your customers.
- 49:52Based on the conversations, you will now know which of the
- 49:54customers you should be calling up more, which of the hotels you
- 49:56should be supplying more. It is from one-on-one
- 49:59conversations anyway. I've spoken too much is ready
- 50:01one hour. Let me just bring it to a close.
- 50:03So that's it. And that's all for today.
- 50:05Remember, if you'd love to connect, you can call, send me a
- 50:07text message or WhatsApp message on 08064662140.
- 50:13Thanks for your time and attention.
- 50:14I'll catch you next time. Same place in your headphones or
- 50:17in your speakers.