Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Mastering the Art of Sales: From Fundamentals to Complex Conversions
Transcript
- 0:01Hello and welcome to the show. Some of you will be glad to know
- 0:05that we are done with the philosophy and that we're also
- 0:08done with all the content marketing stuff that we've been
- 0:10talking about over the last week or week and a half.
- 0:14So now we are back to the regular questions and the
- 0:19question for today is how to increase your sales conversion
- 0:24rate. Now before I go into answering
- 0:27the question definitions, just so that we're clear on what it
- 0:32is that we're talking about S 1st off, let me define the
- 0:37obvious thing there in the question, which is sales.
- 0:42How do you define sales for the purpose of today's episode and
- 0:46the next couple of episodes that are going to follow every single
- 0:49time that we say sales? Because after all we're trying
- 0:52to see how we can increase sales how by getting greater
- 0:57conversion rates. So every time you hear sales,
- 1:01what we mean is you have collected a deposit, that means
- 1:06sales or you have collected payment in full, that means
- 1:10sales or you have gotten a firm agreement to pay.
- 1:15That can also mean sales because there are some industries where
- 1:20how you seal the deal is you get APO number.
- 1:24APO number is a purchase order number.
- 1:27So if you're doing lots of stuff with you know, like these
- 1:32multinationals, you know, DFID, British Council, blah, blah,
- 1:36blah, all those sorts of people. If you get APO number and they
- 1:41say proceed and go ahead with your deliverables, then that is
- 1:45a sale. Although from an accounting
- 1:48point of view, I think what you would have that kind of thing on
- 1:51your books as revenue. Yeah, I think you'll have it on
- 1:57your books as revenue. So revenue is accruals.
- 2:02Revenue is money that you expect to get in.
- 2:06Somebody is already owing you that money, so you've done what
- 2:10you need to do. The person is now supposed to
- 2:12pay. So that is revenue.
- 2:13How much is supposed to come in? So it's not exactly cash because
- 2:17it's not money that you have in your account that you can spend
- 2:19now. But for some industries, we are
- 2:22going to regard that also as a sale.
- 2:24If all you have is APO number, it's the same thing with an
- 2:27order number. And then depending on the
- 2:30industry, for some people to perform an invoice.
- 2:33Once you guys do the haggling back and forth, you agree on
- 2:36everything they say why I send, perform my invoice.
- 2:38You send perform my invoice and then the MD says, OK, I've seen
- 2:40perform my invoice, we're good to go.
- 2:43Or I bring deliverables. Then you do your deliverables
- 2:45and then they pay you 3 weeks later or 30 days later or
- 2:50whenever it is that you guys agreed for payment terms.
- 2:53So if you get any of these things and you're having a
- 2:58conversation with a potential customer, then we will regard
- 3:01that as a sale. So if your money IS1M but you
- 3:07collected 300K, that's the deposit.
- 3:09Let's just call that a sale. Yes, they owe you 700 K, but
- 3:13let's just call that a sale. If your money is one M and you
- 3:16collected the one M in full, let's call that a sale.
- 3:20If what you guys agreed on was one M and then the issued
- 3:25purchase number, and then DFID says, Oh yeah, go ahead, deliver
- 3:29the computers you're supposed to deliver.
- 3:31Then once they issue you the PO number and you start arranging
- 3:35your computers to deliver to DFID, what you have is a sale.
- 3:40If it's another kind of industry or whatever and they don't do PO
- 3:43numbers, but they do order number, Once the person issues
- 3:46you order number and says, Oh yeah, come and deliver, that is
- 3:49a sale. If it's one of those things
- 3:52where the person says perform my invoice and then you know the
- 3:57whole everything, everything, that is also going to be a sale.
- 4:01So for the purposes of this episode, that is what we're
- 4:04going to regard as a sale. Now, I know some of you will be
- 4:09like me who prefer cash in hand, who prefer to do all the things
- 4:13that let the money enter my hand first.
- 4:17Yeah, for some of us, that's a personal preference.
- 4:19But for the purposes of this episode, we're going to regard
- 4:23whether cash in hand, all these other things, we'll call those
- 4:26things a sale. So the reason why I'm making
- 4:32trying to flog the point about all these things is because
- 4:34depending on what industry you are in, just like I said,
- 4:38different industries handle billing, payments, things like
- 4:41that differently. So back in my wedding
- 4:43photography days, it was either cash in hand, as in give me my
- 4:48money 100% now, or you try and take a deposit.
- 4:53People would try and capture like that kind 70, maybe 80% of
- 4:57the money. So even if by the time you
- 4:59finish the buried runs away and she doesn't give you your money,
- 5:01you say, well at least I collected 80%.
- 5:03So my wedding photography days sale meant give me cash in my
- 5:07hand now or give me deposit in my hand now for the Carpenter a
- 5:14sale would be give me my money in full.
- 5:17Now I don't know. So excuse me, I don't know of
- 5:21any Carpenter who says, you know, or got the money for your
- 5:27job is 20 K, but give me 18K now when I finish, give me the
- 5:31balance, you know, for carpenters, welders to collect
- 5:33that money in full. If you're doing media work,
- 5:37documentary work, you know, for an NGO and the stuff we've done
- 5:40in the past, large scale production, unfortunately, if
- 5:45you're dealing with those sorts of institutions, you know, where
- 5:47the level of PO, that's one that really used to pay me, but my
- 5:51wife would say no, let's think of it as savings.
- 5:53But me, I'd rather, if what we agreed was 800 K, I'd rather
- 5:56take the 800 K now then we deliver now and they are giving
- 6:00me 800 K at the end of three weeks or four weeks.
- 6:05But yeah, so it's just one of those things.
- 6:08I remember a session was that where somebody asked me a
- 6:11question about one of these things.
- 6:12The person was in retail, in fact.
- 6:14Yeah, let's look at retail now. The person was in retail and she
- 6:18had issues with these sorts of things and I had to tell her
- 6:20that, you know, it's unfortunate.
- 6:21Some industries are just like that.
- 6:24If you don't like the payment terms and you can't collect in
- 6:27full, then perhaps you shouldn't be involved in that business.
- 6:29You should move on to some other business because that's just how
- 6:32it is. So like in her own case, she was
- 6:36in retail, Nigeria retail, I can't remember what her product
- 6:39was, but she was putting it in shops in Abuja and she didn't
- 6:42like the fact that she's delivering now.
- 6:44But everybody say that they're going to pay in 30 days or in 60
- 6:48days. So you raise performa invoice,
- 6:50you guys agree, you deliver the goods and then they say, OK,
- 6:53thank you very much, you dropped off the goods January 1st, they
- 6:55say, OK, no problem, come, come and collect your money February
- 6:592nd or or March 3rd or whatever. So yeah, it's like that which
- 7:05for some of those industries, you either you like it, you put
- 7:08up with it, or you don't. And I hear it's even brutal for
- 7:12those of you who are in the West.
- 7:14So you deliver to Walmart or you deliver to Asda, you deliver to
- 7:18whoever like their payment terms is their payment terms.
- 7:20You can't rush them. So yeah, that's the reason why
- 7:24I'm stressing it because different industries.
- 7:28But any of these scenarios, whether you're selling your
- 7:32groundnuts to a shop in Abuja through retail or you're a
- 7:36wedding photographer or you're a Carpenter or you are a
- 7:39documentary video crew, either of these scenarios that we've
- 7:43talked about, it counts as a sale.
- 7:47Now the second question or the key question, what is a
- 7:51conversion? OK, let's see.
- 7:57It's one of those times also that has a technical definition,
- 8:00also a relative definition, depend on what it is that you're
- 8:02trying to do. But for the purposes of this
- 8:05episode, in fact, for the purposes of any single episode
- 8:09you hear on this podcast, every time you hear conversion, it
- 8:12just means that you are talking to someone else, whether you're
- 8:17talking or typing or Zoom call or whatever it is.
- 8:25But The thing is, you have to be in some sort, some sort of a
- 8:28conversation or transaction with someone else, a potential
- 8:31customer. So of course, if I'm talking to
- 8:34my mum, then conversions don't apply.
- 8:36But if I'm talking to you or you want to book my services so I
- 8:40can quote your team on how to increase sales, then you're a
- 8:42potential customer. If you get the person to take
- 8:46the next reasonable step in the relationship or in closing the
- 8:50deal, if they take the next reasonable step, no matter how
- 8:53small it is, what you have experienced is a conversion.
- 8:58So let me repeat that conversion just means you are facing
- 9:02somebody who is a potential customer and that person has
- 9:05taken the next reasonable step. Step.
- 9:08So that step that they take, that is a conversion.
- 9:12Why is that important or why should we look at things this
- 9:14way? It's because for complex sales,
- 9:18complex sales are closed in small, small, small steps.
- 9:23Complex sales are not closed once like that.
- 9:29Some people think the Holy Grail of business is every time you're
- 9:31talking to somebody, whether it is 50 naira or 5K or five M,
- 9:36they want to be able to go in and then come out with five M
- 9:39just like that. No, for complex sales, you
- 9:43usually close it in small, small, small steps.
- 9:46A small step today, small step tomorrow, a small step next
- 9:49tomorrow. At the end of the week, two
- 9:51weeks, you collect your money in full, or you collect a deposit,
- 9:55or you collect APO, or you collect, or you send performer
- 9:59invoice or whatever. It is also about the noise in
- 10:03the background, that is, the rain was still in the rainy
- 10:06season. That's also why my invoice is
- 10:09messed up because you know, almost sore throat, almost cold,
- 10:13and then the call for prayer because I live close to a
- 10:15mosque. So those are the sounds coming
- 10:19in from the recording. What was I AHA conventions and
- 10:23complex sales. Now a complex sale for those of
- 10:26you who are new to the podcast is any sales situation where you
- 10:31guys are negotiating about something.
- 10:33The money that you guys are calling is big.
- 10:36So if you were talking 15 error or 5K, that's a complex sale.
- 10:41If you guys are talking big money, you know, 2.5 M, 5 M, OK,
- 10:45You can see that the relative complexity is going up because
- 10:48we're now talking big numbers. And usually you will find that
- 10:52in complex sales, it's not just the number that is big, you'll
- 10:54find that the subject matter of the sale itself is also big.
- 10:59When I say big, it just means it has many moving parts.
- 11:01So if you go to the market and you're trying to buy a Gucci and
- 11:04you people are pricing a Gucci, how much more 3000 for One Cup,
- 11:08blah, blah, blah, you can see that that is not a complex sale.
- 11:11This a goosey. A goosey is simple.
- 11:13It's in the cup. You take it, you grind it, you
- 11:15go home, you cook your soup. It's that simple.
- 11:18The money involved is not big. OK, well, well, 3K is big in a
- 11:25in a sense because it's not how you can cook soup for a regular
- 11:29family and just use One Cup of a goosey.
- 11:31So you're thinking, you know, maybe you have to buy 3 cups, 4
- 11:36cups. And if One Cup is 3K, then that
- 11:38means you're spending. How much is that?
- 11:41Is that 12 grand on a Gucci? And yeah, that seems like a lot,
- 11:45you know, like, how much are you earning anyway that you'll be
- 11:46spending just 12K on a Gucci? You haven't bought meat, you
- 11:48haven't bought vegetables, you haven't bought palm oil, you
- 11:50haven't bought yam. But I heard yam now is 5K Crazy.
- 11:55I was like, OK, so a Gucci money is not big.
- 11:59The subject matter is simple, but then if you now start
- 12:02talking about car, you want to buy a car and you are now
- 12:06talking 7M10M, you can see that this is fairly complex.
- 12:12The Gucci is simple, it's there in the cup, give me the Gucci,
- 12:15grind it, then go and cook my soup for the car.
- 12:18On the other hand, is this car new or not?
- 12:21Is it fairly used Belgium or not?
- 12:23Is it fairly used Niger or not? What happened to the car?
- 12:28Is it accidental? Well, sorry, I'm not sure of the
- 12:34proper word, but you know, when you're buying a car, that's some
- 12:37of the lingo that they use. Is it accidental?
- 12:40Where's the accident? How old is it?
- 12:43Which model? Is this one 2010 model, or is it
- 12:46this model, that model? What about clearance papers from
- 12:49customs? Do you have your clearance
- 12:51papers complete? You can see that for the car,
- 12:54we're looking at lots of stuff about the car, around the car
- 12:58and other things associated with the car because title is
- 13:01important. The history of the car.
- 13:03You can see that as the money is going up and as we're
- 13:07considering different kinds of goods, the complexity is
- 13:09increasing. Then another thing about complex
- 13:12sales is the number of parties that you have to talk to.
- 13:17So for the Agusi, the number of parties you have to talk to is
- 13:20just one. My wife says go to the market,
- 13:23get me two cups of Agusi. I say, all right, no problem.
- 13:26I go to the market, the saleswoman is dealing, the
- 13:29market woman is dealing with just me.
- 13:32We all go for the agusi. I pay for the agusi and then I
- 13:35leave. On the other hand, with the car,
- 13:40it's it's different. It's more complex.
- 13:43So I might be the one that is buying the car, but if I'm
- 13:47buying the car for wifey, I need to be feeling wifey to figure
- 13:50out what it is that she likes. You know, this colour this make
- 13:56this, this, this is that. If both of us show up to the
- 14:01place to look at the car and the person who sells the car assumes
- 14:05that I'm the only person that needs talking to.
- 14:07The guy who miss Rd. If he's able to do a good job,
- 14:10ask a couple of questions, figure out that we're buying for
- 14:12wifey and he's able to get on wifey's good end and then maybe
- 14:15even get wifey's phone number. That's a smart move because he
- 14:20has figured out that there are two decision makers in the
- 14:21process and he now knows that he has to get those two decision
- 14:25makers on board to close the sale.
- 14:27So you can see that the more complex sales become the number,
- 14:32the number of decision makers also goes up.
- 14:36Sorry, excuse me. So number of decision makers
- 14:38also increase. So Igusi, one person to buy a
- 14:41car, two people. If he's selling a fleet of cars
- 14:46and maybe he wants to sell it to a government agency, maybe NTA
- 14:51for instance, that's Nigerian Television Authority.
- 14:53Maybe they've inaugurated a new board and they want to buy cars
- 14:56for the new board of directors and a new management and
- 15:01whatnot. Now that is truly a complex sale
- 15:05because the number of cars is up.
- 15:07If each car is 7 M or 10 M and they want to buy 20 cars while
- 15:12looking at 20 something M, then for this kind of thing, you
- 15:17would have to not just be talking to the guy on the board,
- 15:21you also need to know somebody in financing department.
- 15:23You know this is Niger. So trust me, if you know
- 15:26somebody in finance, it would help.
- 15:28If you know somebody in procurement department, you know
- 15:31that would help. If you have an inside person on
- 15:33the board, that would help. What else?
- 15:38What you get? You get what it is I'm trying to
- 15:40say. So if it is one car that you're
- 15:42trying to sell to one man or one woman, at most you're thinking
- 15:46two decision makers. But if you go up a level of
- 15:48complexity, we're trying to sell a fleet of cars to the hospital
- 15:55in your neighbourhood or to NTA or to Ministry of Finance or to
- 15:58whatever, the complexity goes up.
- 16:00And you can see now that in this case of trying to sell, so
- 16:05excuse me, so excuse me. So in this case, now trying to
- 16:10sell cars to NTA, you can see now that the number of decision
- 16:14makers has gone up. Don't be surprised if by the
- 16:16time you sit down, you look at your deal properly, you see that
- 16:19maybe the decision makers that you're talking to now is
- 16:21probably seven or eight people. It's not just as simple as the
- 16:27director general and my father, best friends that went to the
- 16:31same school. It's not that simple.
- 16:33That the DG is friends with your POPSY doesn't mean you're going
- 16:37to close that deal. So it's good that you and DG,
- 16:40you guys have some connects, still do your leg work, do your
- 16:45assignment, know somebody in the finance, know somebody in
- 16:49procurement, find an inside person in the organization as
- 16:55well. Don't just rely on the fact that
- 16:56you, you and DG, you and DG and POPSY like you guys are cool.
- 17:01Don't just rely on that. So these are the things that
- 17:04determine how whether a sale is simple or whether a sale is
- 17:09complex. OK, the amount, the amount has
- 17:12to be small. The subject matter, The subject
- 17:15matter has to be simple. Not too many moving parts, not
- 17:18too many things to juggle. And then the number of decision
- 17:20makers for simple sales, number of decision makers is small.
- 17:25The other things that determine whether a sale is simple or
- 17:28complex. But let's just stop there for
- 17:29now. So with what it is that I have
- 17:32described, you can see that when we're talking about complex
- 17:36sales, the only way to win it is in small, small, small, small
- 17:40steps. You call today, you move your
- 17:42one step forward. Go to the office tomorrow, move
- 17:45your one step forward. Yeah, on Saturday you're passing
- 17:48through. Maybe the head of procurement,
- 17:52his house is close to your estate.
- 17:53You pass through, you go and say what's up to him and his wife,
- 17:56You move things one step forward.
- 17:58So it's small, small, small, small.
- 18:00If it's a complex sale, you're moving things forward one step
- 18:04at a time. So this thing about conversions
- 18:07is really, really important when we're talking about big things
- 18:10because for the woman who sells a Gucci, the conversion step
- 18:15really is just one. I went there, we speak, I give
- 18:20her six Ki, collect 2 cups of a Gucci.
- 18:22It's that simple. So you close the deal.
- 18:24One time conversion step equals one for the wedding
- 18:29photographer. You can see now that there's
- 18:32some complexity. We're not just talking 3K now as
- 18:35a wedding photographer. OK, OK, times are harsh now.
- 18:38So I'm assuming maybe you want to collect like 500K by the time
- 18:42you pay the boys, you do the book, everything, maybe you'll
- 18:45be able to keep like, you know, 250K or something as your
- 18:48profit. So as a wedding photographer,
- 18:53you go to the business Expo, the bride comes to your table.
- 18:57That is one step. You're able to get her to drop
- 19:01her account, her phone number with you.
- 19:03So she's now a lead. She drops her phone number.
- 19:05That is convention step #2 then you guys agree on a meeting or
- 19:10appointment. Let's say she's supposed to come
- 19:12to your studio. She shows up at the studio.
- 19:14That's conversion point #3 then she agrees to a consultation.
- 19:19You guys talk about the whole thing.
- 19:20That is consultation. Sorry, that is conversion step
- 19:24where we know four. Then you send the proposal and
- 19:29she says I need time to think about it.
- 19:31You know that whole dance. She goes with the proposal and
- 19:34you guys have that conversation. She says she's cool with it and
- 19:38that is conversion step five or six.
- 19:44And then you say, OK, if we're all in agreement, these are my
- 19:47account details, Access Bank number and blah, blah, blah,
- 19:49blah, blah. You send it off to her and then
- 19:51she pays and that is conversion step.
- 19:55I don't know, seven, I've lost count.
- 19:58So you can see now that for a Gucci conversion step equals one
- 20:01wedding photography convention step equals seven or eight for
- 20:05the Carpenter. Conventional step is going to be
- 20:09I think it's just going to be one because the company that
- 20:11will just show up and say, OK, we need to do this, we need to
- 20:14do this, we need to do this Madam is what we need to do.
- 20:16And she'll say how much plank of wood now is this that that that
- 20:19that my label is 5K. You guys would negotiate.
- 20:22You say I will give you label 3K.
- 20:24And then she transferred the 10K done.
- 20:26So conventional step here is 1 Abby.
- 20:32And then let me let me just say, let's just leave it at 1:00.
- 20:34But you get the point that carpentry egusi not the same as
- 20:38wedding photography. Then for the documentary video
- 20:42person, this is also another one where it's a complex sale.
- 20:47So you reach out to the people, you say this is who we are,
- 20:51blah, blah, blah. These are the services that we
- 20:53offer. They say, oh, OK, we're
- 20:55interested. Here's our RFP reply to the RFP.
- 20:59That is step one. You've got them to send your
- 21:04RFP, so it kind of means that they're interested.
- 21:06That's step one. Then you send in the RFP, but
- 21:10you're able to do some backroom, some background moves.
- 21:14Because remember, I advise you guys don't just submit an RFP
- 21:17and then go to sleep. If you submit an RFP and go to
- 21:20sleep, you're trying to ghost mode.
- 21:22You'll now call back in the month and you find out that they
- 21:24gave the job to somebody else. Excuse me?
- 21:27So, yeah. So RFP.
- 21:31Yeah, that one is done. Then that's stage 1.
- 21:33Then you now find a way to do some phone calls.
- 21:36You know, you get your inside person, you do some small
- 21:38consultation, you figure out the best response.
- 21:42You know what? No, let's throw out this RFP
- 21:43thing. Let's forget the RFP.
- 21:45So let's say you've gone, you've spoken to them, they said that
- 21:47they're interested and everything.
- 21:49So that is step one. You'll get some contact details.
- 21:52That's step one. Then you're able to hook up a
- 21:54consultation. You discuss the scope of the
- 21:56whole thing. So let's say that's Step 2.
- 21:59Then you now issue a treatment to say, OK, this is interesting.
- 22:03If we're going to handle this project, this is how we would
- 22:05record it. This is how we shoot it.
- 22:06It would take so many days, would require this number of
- 22:09crew and something, something, something, something.
- 22:11You submit this, the treatment. So that's step three or Step 4,
- 22:14if I'm counting correctly. Then they look at the treatment
- 22:17and then they like it. And then they say, Oh yeah, I'll
- 22:19drop a proposal. That's step five.
- 22:22You drop the proposal. Excuse me then let's say they
- 22:26like the proposal and then the next thing is, OK, we agree
- 22:29we're going to pay you 6 M for the documentary payment terms is
- 22:3330 days. And you say OK, sure, no
- 22:34problem. And they say OK, here's your PO
- 22:37number, start shooting. When are you delivering?
- 22:40Then that's the final step. So you can see that in excuse
- 22:45me, that in this stage, in this example, we've gone through
- 22:49multiple stages to be able to collect our money.
- 22:54So any let me stop here because we're close to 30 minutes and my
- 23:02voice is really acting up now. So I think I should really stop
- 23:06and go and take a Los Angeles something.
- 23:08Bernie, I hope that I've been able to explain what a
- 23:13conversion is and for you to figure out why it is that is
- 23:15important. Now, for most of you, when you
- 23:18hear of conversions, you typically we hear about it in an
- 23:20online state, in online e-mail marketing, all these sorts of
- 23:25things, because there they have reduced it down to a
- 23:28mathematical science, because in that case it has to be.
- 23:31So number one, you send out the e-mail, you send out 100 emails.
- 23:35How many people opened? That is one conversion of the
- 23:38people that opened. How many people replied?
- 23:40That is one conversion of the people that replied.
- 23:42How many people clicked on the link that you wanted?
- 23:44That's another conversion for the people who clicked on the
- 23:47link. How many people booked a
- 23:48meeting? That's another conversion for
- 23:50the people who booked on the meeting.
- 23:53How many people you know like that, like that, like that until
- 23:57you collect your money. So this essentially is what a
- 24:01conversion is, especially for the purposes of this podcast.
- 24:04Every single time we're talking about conversions, that is what
- 24:08that is what we mean. So you will find that on the
- 24:14podcast. I'll be using different terms,
- 24:16but essentially it's the same thing.
- 24:18And in summary, what I'm just trying to say basically is if
- 24:20you are not in a simple sales context, if you're not selling
- 24:23egusi, and if you're not doing carpentry, if you're doing
- 24:27something a little bit more complex, the best way to think
- 24:30about sales is don't try and collect your money one time.
- 24:34Don't try and collect your 2.5 M at once.
- 24:37Start thinking in small steps, small steps, conversions,
- 24:42advancements, whatever it is you want to call it.
- 24:44Pick a word you like. If advancement and conversions
- 24:47is too big English for you, then just say small, small steps.
- 24:50So just start thinking about sales as small, small steps.
- 24:54As you get better at these small, small steps, the more
- 24:59money you're going to make over the long term.
- 25:02So the people who do this thing online, that is what they've
- 25:05realized, that if you get better at writing the e-mail, the more
- 25:07responses you get. Let's see what else?
- 25:12Yeah, the more responses you get, the better you get at
- 25:14crafting the order. Sorry, the offer online, the
- 25:18more people will click on it. So you can see that for the
- 25:21people who are an online business they're thinking of,
- 25:23let me get good at this step. If I optimize and get really
- 25:27good at this step, the next step will now be pure will take care
- 25:31of itself because we've done a good job here.
- 25:33That is how we should be thinking about business offline
- 25:35as well. Just think of it as small,
- 25:38small, small steps. So if you're the wedding
- 25:40photographer and you do business expose, you do bridal shows and
- 25:44things like that, step one is your table, Is your table fine
- 25:48enough? Your books, do they look good?
- 25:50Do you guys look presentable? You know, stuff like that.
- 25:54If you lock that down, people will come to the booth.
- 25:56Step one. Then Step 2, pleasant, nice
- 26:00conversation, rapport, blah, blah, blah.
- 26:02You handle that well, the bride will drop her phone number.
- 26:05So Step 2, taking care of Abby. Step three.
- 26:07And then let me just ignore the numbers.
- 26:10Then if you dos our contact details and you're very good at
- 26:13appointment setting, then the number of appointments you set
- 26:16will go up. That is good.
- 26:18If the number of appointments goes up and you know how to
- 26:21conduct meetings very well, figure out what people want and
- 26:24then show proposals. The number of people who say,
- 26:26well, let's start talking, money will go up.
- 26:30The better you get at handling money objections and handling
- 26:33negotiations and things like that, the greater, the more
- 26:37deals you should be able to close that also will go up.
- 26:41And then the better you get at chasing people for money or
- 26:44structuring payment terms or things like that, the amount of
- 26:47money that will hit your bank account will also go up.
- 26:51So instead of as a wedding photographer or as a wedding
- 26:53planner thinking I want to go in now to this one meeting and then
- 26:58collect MY5M in full now just think about it in terms of
- 27:03small, small steps. We're taking small steps,
- 27:06advancements, conversions, just get good at this step.
- 27:09If you're good at this step, it will lead to the next.
- 27:11If you're good at the next, it will lead to the next.
- 27:13If you're good at the next, it will lead to the next.
- 27:15Overtime, all those small, small steps means we end up making
- 27:18much more money. So let me wrap up today's
- 27:21episode. Please connect with me on
- 27:24WhatsApp. The phone number is 08064662140.
- 27:30Country code is +234. For those of you who are not
- 27:32Nigerian, then connect with me on WhatsApp.
- 27:37So now what's up? What's the other one?
- 27:39LinkedIn. Yeah, LinkedIn.
- 27:41My name is Tamashima Ayede. I'm the host of the show.
- 27:43You can confirm the spelling of my name.
- 27:44So you can find me by using the link where you're listening to
- 27:48this episode. And my e-mail address is also on
- 27:50the link where you're listening to this episode.
- 27:52So thank you very much for your time and attention.
- 27:54And tomorrow we'll start going into the Coco of the question
- 27:58because today I just introduced you guys to remember that the
- 28:01question is how do you increase your sales conversion rate?
- 28:05So today we just defined sales and different contexts.
- 28:08And then we also defined what a conversion is.
- 28:11So tomorrow we'll now start looking at specific case
- 28:13studies, as in how do you get your conversion rate to go up?
- 28:18So for the wedding photographer, we start looking at the small,
- 28:20small steps. Or if you sell cars, we're
- 28:22looking at the small, small steps.
- 28:23So that's what we'll start doing from tomorrow onwards.
- 28:26So thanks for your time and attention.
- 28:27I'll catch you guys at the next episode.