Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Crafting Irresistible Offers: A Food Chef's Guide to Sales Conversion
Transcript
- 0:01Hello and welcome to the show. Before we begin, the usual shout
- 0:05outs and today I'm going to be shouting out Temitayo Ogumola,
- 0:10who is someone who reached out to me on LinkedIn.
- 0:13He's not a habitual listener of the show.
- 0:15He listened to I think yesterday's episode, the one
- 0:18where I mentioned the lady who gave me some props and said I
- 0:24sounded like woozy. So he's listened to that episode
- 0:26and a few others. So shout out to TE Mitao Ogun
- 0:30Mola, Thank you very much for listening to the show, even
- 0:33though you're not a habitual listener.
- 0:35He's an IT sales specialist. I can't remember which city in
- 0:40Nigeria he's based out of. And one of the reasons why he
- 0:45doesn't listen habitually is because he's not on Spotify.
- 0:49And so I figured I'll let you guys know that if any of you who
- 0:55happen to be crossing, sorry, coming across this as a random
- 0:58episode, just to let you guys know that excuse me, that I'm
- 1:02available on other platforms as well.
- 1:04So while Google Podcasts was a thing, I was there.
- 1:10Now that Google Podcast is no more, I don't know if the
- 1:13episodes have been migrated to something else.
- 1:15I'm also available on iTunes. I'm available on overcasts,
- 1:20available on Pocket Casts, available on listen notes.
- 1:26I haven't confirmed if I'm on Amazon Music yet.
- 1:29I can't remember if I did that years ago, but summaries.
- 1:31I'm available across whatever platform it is that you like to
- 1:35listen to podcasts. So if you've come across this
- 1:38podcast episode, this is your first one and you're listening
- 1:41to it on the web browser, fret not.
- 1:44You can just use my details, use the name of the show, or use my
- 1:49name personally to search in your podcast player and you're
- 1:53going to find the show and then you can subscribe and listen and
- 1:56follow them. However, if you have come across
- 2:00this podcast and you'll listen to it listening on a web link
- 2:05and you've checked your favorite podcast player and I'm not
- 2:08there, then excuse me, then reach out to me at the end of
- 2:13the show. I always give my contact
- 2:14details. Yeah, let me know, let me know
- 2:17which podcast player, which podcast catcher or whatever it's
- 2:20called that you're trying to listen on and I'll see how I can
- 2:23sort that out to make sure that I am available there.
- 2:26So thank you to Temitayo Ogumola and others who have just
- 2:31recently discovered the show. So we're going to continue from
- 2:35where we left off yesterday, which is on how to increase your
- 2:39sales conversion rate. And I think yesterday we looked
- 2:44at how we ought to nail down our ICP ideal customer, ideal
- 2:51customer profile. Basically yesterday the idea
- 2:54that I was trying to pass across was this.
- 2:56If you want to increase your sales conversion rate, you have
- 2:58to be absolutely clear on who it is that you are trying to go
- 3:02after in the 1st place. Because if you're going after
- 3:06the right person, then we can rest assured that the likelihood
- 3:12of them taking the next step and ultimately becoming a customer
- 3:16is going to be high. And the the converse of that is
- 3:21that if we're going after the wrong kind of person, then the
- 3:23chances of them taking the next step of becoming a customer is
- 3:26low. So we have to start off this
- 3:28thing by making sure that we're running after the first people.
- 3:31Sorry, not the first people, the the best people, the right
- 3:35people in the first place. Now the second step that I would
- 3:38like us to look at when it comes to increasing your sales
- 3:41conversion rate. Oh, by the way, this is your
- 3:42first time listening to the show.
- 3:44You ought to skip back two episodes.
- 3:45Listen to yesterday's episode, then listen to the episode that
- 3:48came before where I defined what a conversion is in the 1st place
- 3:52and how it ought to get you thinking right when we're
- 3:55talking about complex sales, about how to close the sale.
- 3:58So if you listen to those two episodes, then some of the stuff
- 4:00that you're listening to over here will make more sense.
- 4:04So today we're going to look at how to craft the compelling
- 4:07offer. Craft a compelling offer to
- 4:09increase your sales conversion rate because you might be
- 4:13talking to the right person who wants what you have, who needs
- 4:16what you have, who can afford what you can have.
- 4:18But if you're not able to communicate things in a very
- 4:22clear, succinct matter, in a compelling matter, then there's
- 4:25very little reason why the person might want to take you up
- 4:30on your offer. So when we talk about compelling
- 4:35offers, a lot of the time when people say compelling offer,
- 4:38they'll be talking about the value proposition or the USP of
- 4:41your product or your service. Value proposition just means,
- 4:47I'll like put it, OK, let's just say value means benefit.
- 4:51So value proposition in other words, would be the benefit
- 4:54proposition. So you're trying to tell this
- 4:56person that, look, this is the benefit of going with me versus
- 4:59going with my competition. Then USP unique selling points
- 5:03or unique, I can't remember the other meaning, but it's close.
- 5:09But USB, let's just take it to be unique selling points.
- 5:12That's the one that Nigerians like to use.
- 5:14So unique selling point. On the other hand, the USB is
- 5:17going to be that reason for going ahead with you that other
- 5:20people do not offer. So your unique selling
- 5:25proposition, let's say you are in the technology space, you
- 5:28have a fancy app, the unique, OK, you know what, I can't think
- 5:33of anything. But let me just put it this way.
- 5:35The difference between Facebook and LinkedIn versus other social
- 5:40networks, the USP for LinkedIn is that that is the place where
- 5:44people hang out for business and career development.
- 5:47So the USP for LinkedIn is go ahead, join LinkedIn because if
- 5:52you're worried about increasing your sales, if you're worried
- 5:54about building a brand, if you're worried about building
- 5:57for leadership, if you're worried about growing in your
- 5:59career, if you're worried about, you know, you get the whole
- 6:02gist, then be on LinkedIn. So that's an example of Ausb.
- 6:06LinkedIn does something that other people do not do and that
- 6:10is one of the reasons why LinkedIn has been able to grow
- 6:14its revenues because they say for business and career growth
- 6:18be on LinkedIn. And that's the reason why
- 6:20LinkedIn has very expensive advertising rates if you want to
- 6:24advertise over on LinkedIn. But it's something that they can
- 6:27justify because they say, look, when people are on Instagram,
- 6:31they are there because they want to flex or they want to be
- 6:33entertained. If people are on Tiktok, they're
- 6:35looking for entertainment or what's trending, but the
- 6:38audience that you're going to find on LinkedIn, they are
- 6:41primed and they are ready for your product or service because
- 6:43they're here, they're in a career mindset or they're in the
- 6:46business mindset. So in crafting compelling offer,
- 6:49you need to be able to say, this is something that I do that
- 6:53other people do not do. So those are two ideas you
- 6:56should be playing around with when you're thinking about
- 6:58crafting or compelling offer. You should be thinking value
- 7:00proposition or the benefit proposition.
- 7:03What's the benefit to that guy or to that girl who's coming
- 7:06across this message? How can my product or my service
- 7:08help? Then there's USP.
- 7:11What is it that I do that other people in my space, in my
- 7:15industry do not do with their product or their service?
- 7:18So those are some things that you can inject in your
- 7:22compelling offer. Now, the last time that I spoke
- 7:25about value propositions on the podcast, if I remember
- 7:27correctly, I tried to introduce you guys to a very simple
- 7:31heuristic and that's by Victor Antonio, Latin American sales
- 7:37trainer, Courier guy. You should listen to the podcast
- 7:39if you can. One benefit of listening to
- 7:41Victor Antonio's podcast over mine is that Victor Antonio, in
- 7:45the years that I've been listening to his podcast, Victor
- 7:48Antonio's podcasts rarely go above 10 minutes.
- 7:51So if you're tired of my episodes where I go for 20
- 7:54minutes, thirty minutes, I have done 145 minute episode one or
- 7:58two 45 minute episodes. I haven't done one hour yet.
- 8:01If you're tired of that and you want something short, short,
- 8:03short, sharp, sharp, sharp, then Victor Antonio is a guy.
- 8:05But just bear in mind that of course he's Latin American.
- 8:08He's talking about much more complex sales environment.
- 8:11So he's not typically talking about SM ES.
- 8:15But anyway, good podcast. I recommend the guy.
- 8:17He's a correct guy. OK, yeah.
- 8:20So the simple heuristic that he has the simple framework or
- 8:24framework of mind for thinking about values.
- 8:26He calls them the three FS. And by the way, it's really
- 8:28funny because neither of the three are FS, so he says the
- 8:33first one is physical, the second one is financial, and
- 8:37then the third one is psychological.
- 8:40Again, his three FS so humorously cold because neither
- 8:44of them are FS. Physical next financial, and
- 8:49then after that, psychological. So when you're trying to
- 8:51communicate benefits, you're trying to tell the people that
- 8:54look, buy my product or buy my service.
- 8:56Because if you take my product or my service, you will get this
- 8:59physical change. You look better, you'll be more
- 9:02handsome, your skin will be clean, you will have BBL figure
- 9:08what else? You will grow taller, your wife
- 9:12will find you more attractive. You will gain 3 inches.
- 9:15You know, whatever it is that's physical, then financial buy my
- 9:20product, buy my service. Because if you do this, you're
- 9:22going to make X amount of money, you will triple your revenue,
- 9:26you will save costs. What else?
- 9:29You know all the other financial benefits then the psychological
- 9:33benefits. Buy my product, buy my service.
- 9:35Because if you buy this, you will feel better.
- 9:38You feel at ease, you feel happier, you feel smarter, you
- 9:42will be in tune with the universe, you know, blah, blah,
- 9:45blah. So for Victor Antonio, he says
- 9:50whenever we're trying to communicate benefits, that is
- 9:52how we should be thinking in the three FS.
- 9:55And again, this is tongue in cheek because none of them are
- 9:58FS. So we should be trying to
- 10:00communicate the physical benefits of going with our
- 10:02product or service, the financial benefit of going with
- 10:05our product or service, all the psychological benefits of going
- 10:09with our products or ServiceNow. Of course, this is where
- 10:12yesterday's episode is important.
- 10:14We have to know our audience. We need to know who they are
- 10:18before we can even craft a compelling order.
- 10:20Before you can tell someone this is how it will benefit you, you
- 10:23have to know who it is that you're talking to in the 1st
- 10:25place. So knowing your audience, the
- 10:28demographics and the psychographics, really
- 10:29important. Demographics are just those
- 10:31things that they teach us in, we were taught in Nigeria and
- 10:35primary school, in social studies, age, occupation,
- 10:40location, sex, what else, all those sorts of things.
- 10:45So demographics, who is your ideal audience, the ideal person
- 10:51that you want to be chasing? Are they male or female?
- 10:53How many percent male? How many percent female?
- 10:56Are they tall or short? Do they live in Lagos or
- 10:59Elloring or do they live in Ghana or Canada?
- 11:02What are their jobs? You know, on and on.
- 11:05So all that stuff. Then the psychographic
- 11:08information is just around people's hobbies, people's
- 11:11interests, you know, things like that.
- 11:13We need to know all these sorts of things before we can tell
- 11:15them that this is what who we are, this is what we do, and
- 11:19this is how we uniquely benefit you.
- 11:22We need to know that before we can craft our compelling offer.
- 11:27So of course, I hope you guys have been able to tease so far
- 11:30that when we're talking about crafting a compelling offer, we
- 11:32should be talking in terms of benefits and not just features.
- 11:36So features are the things that your product or your service
- 11:40does. The benefits are the results
- 11:43that your customer is going to enjoy.
- 11:47So what can I think of? OK, let me say 4 wheel, 4 wheel
- 11:53drive. So 4 wheel drive, that is a
- 11:56feature of a car. So you can keep on saying that
- 12:00your car is 4 wheel drive, 4 wheel drive, 4 wheel drive.
- 12:03Now there are some people who are very educated about car
- 12:05things like my brother, he's a car guy.
- 12:06I'm not. Well, of course I know a four
- 12:08wheel drive is, but there are some people who have absolutely
- 12:10no idea who a four wheel drive is.
- 12:12Like my wife doesn't know and my son doesn't know.
- 12:15OK, well of course he's young, but my wife doesn't know.
- 12:17So if you keep saying 4 wheel drive, 4 wheel drive and you're
- 12:20talking to someone like my wife, you've lost her.
- 12:23But if you say Madame this Jeep, blah, blah, blah, 4 wheel drive.
- 12:28And the benefit of that is you will never get stuck again in
- 12:31the mud when you're travelling home for the next wedding in
- 12:35your family. I mean, that my wife can relate
- 12:38to, OK, maybe she can't because she's from she's Isha.
- 12:42And in that part of the, in that part of Nigeria, their villages
- 12:45are absolutely, I mean, compared to villages in my own part, in
- 12:49the, my own part of Nigeria, as far as I'm concerned, they don't
- 12:51have villages. What they have is Township
- 12:53because some of the villages have towed roads or graded roads
- 12:57in the village. People have DSTV, they have
- 13:00running water and water pumps, and there's even one dude in
- 13:04their village who has built a like a three Storey complex.
- 13:07So in my own opinion, I don't call that village.
- 13:11So she probably doesn't know what it's like that you guys are
- 13:12driving home and the car gets stuck in the mud.
- 13:15But for those of us, Benroy State, Nassara, Plateau, Cross
- 13:22River, you know all these places where we have proper, proper
- 13:26village, in fact, some of those, my people around Ubudu and
- 13:31whatnot, like the villages are even getting into like close to
- 13:34jungle territory. Yeah, you will know what it's
- 13:36like where you're travelling home.
- 13:37It's rainy season, your cousin is getting married, the place
- 13:40has been flooded, your car gets stuck.
- 13:42So instead of saying 4 wheel drive, 4 wheel drive, just say
- 13:45Olga, you buy this, this Jeep, this Honda Jeep, 4 wheel drive,
- 13:50you will never get stuck in the mud again.
- 13:51So that's how you should be talking.
- 13:53Talk in terms of benefits, not in terms of features.
- 13:55Because when you talk benefits, people understand and it gets
- 13:58more compelling. So if you're saying 4 wheel
- 14:00drive and my guy doesn't know what 4 wheel drive is, he's
- 14:02lost. But if you say 4 wheel drive and
- 14:05you've already built rapport ahead of time, so you know that
- 14:07his village is Ubudu, that's close to Ubudu cattle Ranch and
- 14:10there's plenty of Bush there and everything.
- 14:12And in the rainy season, the place is hardly moturable.
- 14:14You just have now look, OK, yes, this is not a Helox Jeep or
- 14:18whatever. But if you buy this Honda Jeep 4
- 14:20wheel drive, it's like having a Helox.
- 14:22You will never get stuck in a mud.
- 14:24So talk in terms of benefits. Then also when crafting your
- 14:29compelling offer, also use urgency or use scarcity.
- 14:33Now some people who say urgency and scarcity, they're the same.
- 14:35Now, what's the difference that it's all what's, what's that
- 14:39saying? Is it 33 Coburn and three pence
- 14:41or something? Anyway, some old saying that our
- 14:43folks, our parents used to say that it's the same three quarter
- 14:46and three pence or something. So this is the difference.
- 14:49When you're using urgency, you're trying to use timelines
- 14:53to get somebody to move now, now, now, now, now you're using
- 14:56timelines. If you're using scarcity, you're
- 14:59trying to use limited quantity to get somebody to move now,
- 15:02now. So urgency is by now before
- 15:08December 25th to take advantage of the 50% discount that is
- 15:12urgency. Scarcity is only 200 copies left
- 15:18by yours now. So the whole idea, of course, is
- 15:22once the 200 copies finishes or the 200 items finish, there's no
- 15:25more for the other person to buy.
- 15:27So that's the difference. Urgency, scarcity, you can use
- 15:30that to craft a compelling offer to get people to take action.
- 15:33Now, Speaking of take action, lots of folks create advertising
- 15:38campaigns and they forgot, they forget to include a call to
- 15:41action. And call to action is just that
- 15:43part of your copy where you're encouraging people to take
- 15:45action. So the part where you say call
- 15:48080, blah, blah, blah to book or DM so, so, so and so to book or
- 15:56transfer 25% now to account number So, so, so, and so, and
- 16:00send receipt to so, so and so to book.
- 16:03You know, that is the call to action.
- 16:04Encourage people to take action now.
- 16:06So you need all these things to craft a compelling offer.
- 16:09Now I'm going to round off by giving a physical concrete
- 16:12example in case some of this just sounds too theoretical.
- 16:15And the person that I'm going to use is Xena.
- 16:18For those of you who've been listening to the show for the
- 16:20last 2-3 weeks, Xena is the online food online chef, online
- 16:25food delivery person from the University of Port Harcourt, the
- 16:29300 level or 400 level student who reached out to me.
- 16:33So let's use, yeah, let's use her.
- 16:39So she's in the university context.
- 16:41She's cooking food, putting stuff on Instagram, and you
- 16:43know, you reach out to her on WhatsApp, you send out the
- 16:46money, she delivers you the food.
- 16:49So let's say she's trying to craft a compelling order for her
- 16:53business. The targets, I'm assuming in
- 16:57this case, to keep things simple, let's just assume that
- 16:59the target is students and people who have celebrations.
- 17:03So the compelling offer could be something like fuel your campus
- 17:06grind or fuel your fuel your campus hustle or fuel your
- 17:10campus. Oh wait, OK, I don't know, I'm
- 17:13thinking fuel right now. Maybe it's because I had to
- 17:16queue and buy fuel this morning and you, you get the drift.
- 17:20It has to be some catchy thing. So let's just stick with fuel
- 17:23your campus grind. So fuel your campus grind dot
- 17:28.20% off on the 1st 5 orders. So you can see that this thing
- 17:34is short, but it's straight to the point.
- 17:37When you say fuel your campus, blah, blah, blah.
- 17:39Obviously you're targeting students when you say 20% off.
- 17:45Obviously you're trying to use urgency, sorry, not urgency
- 17:54first five that would be, is that scarcity?
- 17:58Well, anyway, you, you get the whole point.
- 17:59You're putting some sort of limit by saying that if you
- 18:04order now and you I'll put it, OK, maybe I didn't catch this
- 18:10couch, this thing pretty well, but you get what is I'm trying
- 18:12to say. If you order now and you place
- 18:15five orders, you're going to get 20% off.
- 18:20So the idea in this case is to try and get people to order more
- 18:25than once. The target in this case is
- 18:28obviously going to be University of Port Harcourt because there's
- 18:31no point running this promo to people in University of Benwich
- 18:35State, for instance, Benwich State University, because you
- 18:38know, that's too far apart, won't make sense.
- 18:40And I'm assuming university people in the uniport community,
- 18:43because if they have one campus, then delivery is not going to be
- 18:48that expensive. In fact, delivery, she might
- 18:49even just run the delivery herself instead of paying an
- 18:53OCATA person to do it. If it's a relatively small
- 18:55campus like UNILAC. UNILAC is a small campus.
- 18:57So I guess for that sort of thing, in UNILAC, you can just
- 19:01go around the campus yourself and drop off the delivery since
- 19:05it's that kind of school. UNILAC is that kind of school
- 19:07that you can work from one end of the campus to another end of
- 19:12the campus, and you can do that in about maybe 45 minutes.
- 19:16Relatively small school compared to great universities like
- 19:19Obafemia and World War University where I graduated
- 19:21from. OK, yes.
- 19:24So what was I? So the target is going to be
- 19:25Uniport. Then the platform is going to be
- 19:28Instagram or Facebook. Or you can also do online food
- 19:33delivery platforms because we have stuff like Jumia and
- 19:37there's there's Jumia. Is it Jumia foods?
- 19:40There's Jumia something and then there's global.
- 19:43I've been seeing lots of their Arcadas, lots of their bikes
- 19:45around Abuja Global GLOVO and there's also food court.
- 19:52Then there's Kilimanjaro, although I haven't seen the
- 19:55Kilimanjaro Okada in a very long while.
- 19:57I don't know if they're still in business, but so these these
- 20:01sorts of things are there. So yeah, Target Uniport
- 20:04platform, Instagram or Facebook, or she could do online food
- 20:07delivery platforms, Jumia, Global Food court, Kilimanjaro,
- 20:10blah blah blah because there are plenty these days.
- 20:13Every time you're out on the road, you see a dozen Ocadas and
- 20:16it's like somebody's opening a new food delivery thing every
- 20:20other month. Then you can also put a time
- 20:23offer. You put a time offer saying 1st
- 20:27of the month. Then the tag, the assumption
- 20:30there, OK, I don't know how things work, but back when I was
- 20:34in school, the assumption was like in the beginning of the
- 20:37semester, the assumption was that you know, we're paid up,
- 20:39we've come from home so we have pocket money.
- 20:41So there's money to spend. So if the time offer is 1st of
- 20:44the month, then that's the assumption.
- 20:45Let's catch people as they're coming in and they have Alawi,
- 20:48they have money to spend. Or you put a time offer and you
- 20:52put it during the exam period. Then what you would be trying to
- 20:55do if you're in Xena situation is you're trying to target
- 20:58people who during the exam period are feeling the time
- 21:01crunch and they don't want to be cooking.
- 21:03So they're looking for a place where they can just go and buy
- 21:06food quickly, and maybe they don't want to walk all the way
- 21:09to Booker to buy food. They just want to stay in their
- 21:11room and study and then place an order and then the food comes to
- 21:14them. So those would be like two
- 21:16different strategies for looking at the whole thing.
- 21:18First of the first, first month of the semester, assuming that
- 21:23this is when boys and girls have money or during exam period
- 21:27towards the end, everybody's broke, but people are feeling
- 21:29like, oh, I need to study. I can't be going around looking
- 21:33for food. So that's just a rough example.
- 21:37Of course, if you say you think about it to apply to your own
- 21:41business context, you'll be able to come up with much more
- 21:43elegant ideas, Especially with the benefit of Google, Gemini,
- 21:47GBT, we can come up with good copy ideas for how to craft all
- 21:54these campaigns. So with AI and with some time
- 21:56you can come up with something much more elegant.
- 21:58But I'm just trying to show you how these things can work.
- 22:01Crafting a compelling offer and you're going to be able to get
- 22:04people to take the next step, which is what conversion is all
- 22:08about. Pretty much.
- 22:10Because if this advert, you put out this advert and you say DM
- 22:14now on, on, on what's that thing?
- 22:20DM on Instagram. Yeah, because she has a good,
- 22:25she has a good. What's it called?
- 22:28She has a really healthy profile handle on Instagram.
- 22:31So if she says DM me now on Instagram and 500 people see the
- 22:39advert out of that 500 people, if 300 people send her Adm, then
- 22:45that is a conversion because people saw the advert and then
- 22:49people sent Adm. That is a conversion and that is
- 22:52how you close the deal, one step at a time, getting good or
- 22:55getting better at this particular step where you are so
- 22:58that more people take the next step.
- 23:00So if 500 people see the advert and you say DM me, now 300
- 23:05people DM and then you have the conversation.
- 23:10What do you want to buy? I want a bag, I want a Gucci, I
- 23:12want this, I want that. And then you agree, you give
- 23:16them a quote and then the next thing is a transfer to so, so,
- 23:20so and so account and then send me a receipt.
- 23:23And there are only 300 people that you had the conversation
- 23:25with, 150 transfer and send you the receipt.
- 23:29That's also another conversion. So you see how it's one step,
- 23:32one step, one step before the deal is closed.
- 23:35And that's the philosophy of pretty much what we're talking
- 23:38about over here. So over 20 minutes, let me bring
- 23:41today's episode to a close tomorrow.
- 23:43I think I have two, one or two more that we can go over about
- 23:48how to increase our conversions in the sales process.
- 23:53So yeah, that's it for today. Again, thank you very much.
- 23:56Tammy Tayo, Tammy Tayo Ogumola, thanks for listening.
- 24:00Thanks for other people who discovered the show.
- 24:04Always like hearing from you guys.
- 24:05You can comment using the comment feature in Spotify.
- 24:08If you're listening to Spotify, if you're listening on Spotify,
- 24:11if you're on Spotify, you can find me on other platforms, but
- 24:13you can reach out to me directly on WhatsApp.
- 24:16My phone number is 08064662140. The country code is +234 for
- 24:23those of you who are not Nigerian.
- 24:25And you can reach out to me on LinkedIn like Timmy Tayo did.
- 24:29My name is Tara Shima Ayede, you need to get the right spelling.
- 24:31So you can find me on LinkedIn. And my e-mail address is also on
- 24:35the link. We're listening to this episode.
- 24:36So thank you very much for your time and attention.
- 24:38I'll catch you guys at the next episode.