Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / Stop Dropping Proposals: Close Deals Up Front
Transcript
- 0:00Yesterday I promised you guys that we would talk some more
- 0:04about what does it mean to sell and how to go about selling.
- 0:09And I think it's because when we're doing yesterday's podcast
- 0:12recording, I remember the conversation that I had with a
- 0:15former client of mine. We did some work maybe two
- 0:18months ago. And so I had a check in call
- 0:20with members of the team, excuse me, just to find out how they're
- 0:24going. They're coming along and we
- 0:27discussed some themes around, we discussed some themes around
- 0:32selling effectively. Well, obviously if anybody's
- 0:34going to engage me as a consultant or a coach, I mean,
- 0:37that's what we're going to try and do in their business.
- 0:41So essentially today we're going to be continuing the
- 0:43conversation. What does it mean to sell and
- 0:45how do you go about selling? Now?
- 0:47I'm making today's recording out and about.
- 0:49I'm in the parking lot, so expect to hear some noise in the
- 0:51background, you know, birds chirping, people driving by,
- 0:54people talking, that sort of thing.
- 0:58And if you love these sorts of issues, how do you sell, How do
- 1:01you grow a business? Then this podcast is for you.
- 1:03It's your jam. So please subscribe on Spotify,
- 1:07YouTube, Apple, or any player of your choice.
- 1:11And if you'd love to connect with me, I'm the host of the
- 1:13podcast. My name is Tave Shima Ayede and
- 1:17you can call or send me a text message or a WhatsApp message on
- 1:2008064662140. So today we'll continue the
- 1:29conversation. What does it mean to sell and
- 1:30how do you sell? So like I said, I had a series
- 1:33of conversations with a former client of mine, the sales team
- 1:38and the production team for all of my clients in order to find
- 1:41out basically what have they been up to?
- 1:44Now, the companies based in Lagos, they are in the content
- 1:46creation space. They create content for, they
- 1:51create social media content in particular, you know, for
- 1:53businesses, you know, to help them increase their engagement
- 1:56and also to drive their revenue. And when they engaged me, they
- 2:02were just getting the business going.
- 2:05And the the business is a subsidiary of a larger company.
- 2:10And basically the larger company wanted me to come in, train up
- 2:12the people and see how we could get the company going so that
- 2:15they could quickly get enough customers to pay the salaries of
- 2:19the team. Because the parent company was
- 2:21anxious to make sure that, look, if we get this thing going, we
- 2:24want this thing to be able to take care of itself so that the
- 2:27parent company doesn't have to keep sending money to prop up
- 2:30the operations of the new company.
- 2:33So I had some questions for the team.
- 2:36Basically, I wanted to know that since the last time we were
- 2:38together about two months ago, I wanted to know if their current
- 2:41team structure was still in place.
- 2:43Because, you know, we did set up some team structure and our
- 2:46responsibilities for different members of the team.
- 2:48So I wanted to be sure that the team structure was still in
- 2:52place. Let's see what else and how do I
- 2:55handling leads and how do I handling priorities?
- 2:58Oh, by the way, if this is your first time listening to the
- 3:00podcast, every single time you hear a lead, this is what the
- 3:03term lead means. A lead is someone who might be
- 3:07interested in your product or your service, and the person has
- 3:10done something that you can see, that you can vouch for, that
- 3:15gives you a signal that, yes, these people might be in the
- 3:19market. So let's say you sell real
- 3:23estate. You can't just hand out Flyers
- 3:26to 500 people and say that those 500 people are leads.
- 3:30They are not leads. Even if they give you their
- 3:33contact details, they are not leads.
- 3:35They are contacts. A lead is somebody has who has
- 3:39done something over it, something objective, something
- 3:43that you can see, something that you can point to, to say uh huh,
- 3:49this person donde signal as if they are interested.
- 3:54So if somebody collects your flyer, it doesn't mean the
- 3:56person is a lead, but the person gives you their phone number.
- 3:59It doesn't mean the person is a lead.
- 4:01The person is a contact. If you talk to the person and
- 4:03the person says I am interested or I might be interested or I
- 4:08know somebody who might be interested, now this person is a
- 4:12lead or the person has taken some action.
- 4:17Let's say you're chilling in your office, you're in your real
- 4:20estate office and then somebody comes and says I'm thinking of
- 4:24getting property in Metama. Do you have any available?
- 4:27How many do you have? How soon can we go and start
- 4:29looking at buildings or plots of land?
- 4:34Now that is the lead. So some of you wonder why
- 4:38splitting hairs? It's not really splitting hairs.
- 4:40We just need to be able to think clearly when it comes to
- 4:43business. You know, a prospect is a
- 4:45prospect, A contact is a contact.
- 4:48A lead is a lead. A deal is a deal.
- 4:52Not all of them are the same and not all of them should be
- 4:54treated the same way because some of you have a deal on your
- 4:58hand, but your opportunity as if it's a prospect, you still they,
- 5:02you know, laid back. They do anyhow.
- 5:04Anyhow, you're not following up on point.
- 5:07A deal is a deal. A deal is something that is
- 5:09close to being closed. Meanwhile, a lead, it's just a
- 5:14lead you get the way you follow, where you follow up on on a
- 5:18lead. So we need to be very, very
- 5:20clear about who we're talking to.
- 5:21Are we talking to a contact? Are we talking to a prospect?
- 5:24Are we talking to a lead or are we talking?
- 5:27Do we have a possible deal on our hands?
- 5:29So it's really, really important that we know what all these
- 5:31terms mean. So remember, a lead is somebody
- 5:37who has done something overt, something visible that you can
- 5:42see, that you can point to, that you can discuss with somebody
- 5:46concretely, excuse me, to say, they might be interested in your
- 5:49product or your service. So I wanted to find out if the
- 5:52processes were still in in place for the team on how they handle
- 5:55their leads. Then of course, the goal of the
- 5:59engagement was to make sure that they got 12.
- 6:01I can't remember it was 12 or 17 clients because we ran the math
- 6:07and if they had 12 clients or 17 clients back when we worked
- 6:10together two months ago, they'll be able to get enough revenue to
- 6:14pay the salaries of everybody on the team.
- 6:18So in other words, 12 clients or 17 clients a month was not
- 6:22profitable per SE. It was just break even as per we
- 6:26can pay office rent, we can pay everybody's salary, we're not
- 6:30collecting money from head office.
- 6:31So that was the goal. Now unfortunately we were not
- 6:36able to achieve the goal before we stopped our engagement, you
- 6:38know, for a number of reasons. The parent company wanted to
- 6:42change The Wanted to change their strategy for acquiring
- 6:46clients midway and usually is not a good thing, but you know,
- 6:51I'm used to it. It's just part of the the
- 6:53normal. It's just part of the normal way
- 6:55of doing things. You come in, you're working with
- 6:57a company, but the company is a subsidiary.
- 6:59So definitely know how know how every once in a while head
- 7:02office go on say one or two things like what are people
- 7:05doing? You know why I do it this way?
- 7:08So I came in, I gave my recommendations, we started and
- 7:10I head office say, no, we are changing, we're going like this.
- 7:14And I told head office that look, you know that we tried it
- 7:17like this, this is more work, it's less chance of success.
- 7:20But then head office says, no, this is what we're going to do.
- 7:24And of course, in our case, what I go do now I had said my own,
- 7:29that is what we should do in my own professional opinion, that's
- 7:31what we tried. So strategy was changed midway
- 7:34and and yeah, weren't able to achieve our goals.
- 7:38So I wanted to know that, OK, in the last two months since we've
- 7:40been together, how many clients did you guys sign up?
- 7:44The change in the strategy was when I was, when I came there at
- 7:47the beginning, I wanted us to do direct outreach.
- 7:51Let us go out, let us come up with a hit list.
- 7:53Let us start targeting companies, let us approach those
- 7:55companies and let us try to get them to become paying clients
- 7:59from the start, from the beginning.
- 8:03But then the strategy that head office wanted to do was to use
- 8:06free promo to enter the market. By the way, here's a warning for
- 8:11you Nigerian companies who are listening.
- 8:14This strategy of free promo to enter the market, it sounds easy
- 8:18but it's a lot harder than any other thing you can do.
- 8:24This idea that if you put your product or service app for free,
- 8:27a bunch of people will hop on and then maybe a month 2 or
- 8:31month three, you now tell them why I pay me money and then you
- 8:33get clients that way. It is hard and this is the
- 8:37reason why because conversion rates on these sorts of things
- 8:40are typically around 0 to 3%. So listen carefully.
- 8:45Those of you who are thinking of this free, free rollout
- 8:48strategy, it is possible for you to start your business, roll out
- 8:53your app, your product, your service or whatever, and you say
- 8:55we are totally free and 100 people will jump on board.
- 9:00In your mind, you'll be thinking that next month, if you tell
- 9:02them, Oh yeah, it's no longer free, you should pay me 55K now
- 9:06to access my product. You, you people have happy years
- 9:12and you're very optimistic. You're thinking that when you
- 9:14raise that price, 20 or 30 people will stay.
- 9:17It is possible that all 100 people who came for this free
- 9:21show, because they're all show free, it is possible that once
- 9:24you put the price, all of them will evaporate and then you are
- 9:27back to 0. So it is zero to 3%.
- 9:35And then if 100 people jump on in the beginning and then at the
- 9:39end of one month you say well more that they pay me 55K, it is
- 9:43possible that 97 of them will fade and only three people will
- 9:48pay. So if you've tried this in the
- 9:50past and you got zero conversions, conversion just
- 9:54means people willing to take the next step.
- 9:55If you got zero conversions, it's normal.
- 9:58If you only got 3 out of 100, it's normal now.
- 10:01So it'd be, in other words, for a business like my client that
- 10:05wanted to get 12 to 17, what they needed to do was they
- 10:08needed to reach out to, I can't remember, we did the math about
- 10:11300 and something or 400 and something clients on the
- 10:14assumption that three people will convert.
- 10:16Now can you see why I'm saying that?
- 10:18This free thing, it looks easy, but it's not as easy as you guys
- 10:22think and it's not a good idea. But you know, you could advice
- 10:27clients, but it's not always a safe client to listen.
- 10:30So if you are thinking about this sort of thing free promo
- 10:34and what you're looking for is you want three paying clients at
- 10:37the end of the month, then make sure you talk to at least 100
- 10:41people to get those three clients.
- 10:45This is something I know first time from experience because as
- 10:47a wedding photographer, there were some of us, Yeah, I didn't
- 10:49do that, but there were some people who tried to get into the
- 10:51game by offering free portrait photography in the hopes that
- 10:56you will get clients. If you are thinking about that,
- 10:59I'm telling you now, conversion is typically between zero and
- 11:02three. So in other words, if you want
- 11:04to get 3 clients at the end of the day, three people who come
- 11:08and patronize you and pay you for wedding photography or
- 11:11portrait photography or whatever, you should aim to talk
- 11:15to at least 100 people and give them.
- 11:19Imagine now free shoot, you go and do free photo shoot for 100
- 11:24people. Imagine the time and the expense
- 11:27that goes into this thing. So you have to give 100 people
- 11:33free shoot in the hopes that three of them will become
- 11:39customers. So please, all this free promo,
- 11:42free promo, free promo, because I did see I'm everywhere in
- 11:45Abuja, any Lagosans are sharp. I don't think Lagosans will be
- 11:48doing free, free, free, free, free.
- 11:49This free thing. It sounds easy to say the
- 11:53execution is hard, very hard. Now sales is already hard as it
- 12:00is. So consultants like me were in
- 12:05the business of trying to make this thing easier.
- 12:08There's no easy way to grow sales, none.
- 12:11Any which way you want to grow your sales will be hard.
- 12:14But because sales itself is hard as it is, we try and make things
- 12:18easier. And honestly speaking, this free
- 12:21promo thing, you think it is a good way to sell, but it is very
- 12:27hard work, especially for SM ES, it is very hard work.
- 12:32Some of you will look at companies, big companies that
- 12:35have scale, try to do this strategy.
- 12:38You know, it's a different thing.
- 12:40They have inventory, they have volume.
- 12:43So markets, supermarket chains like Grand Square for instance,
- 12:48Grand Square can come and say buy 2, get one free or bottle of
- 12:53Coke free for the 1st 100 people.
- 12:55They have scale, they have inventory.
- 12:59There are other things for people to buy.
- 13:00People can come in for the free Coke and on the way out they'll
- 13:03buy a loaf of bread. They're using this free offer to
- 13:08try and sell some other things. Those of us who are starting off
- 13:12new in the SME space, we can't play these games.
- 13:16We don't have scale, Scale, meaning we don't have multiple
- 13:19locations, we don't have hundreds of products, we don't
- 13:25have the scale, and then we don't have the inventory.
- 13:28So like Grand Square, they sell tissue paper, they sell frying
- 13:32pans, they sell plates, they sell chicken, they sell cups,
- 13:36they sell sandwiches, they sell children's juice, they sell
- 13:41school bags, they sell biros. There's even a pharmacy in the
- 13:44place. They sell TV's.
- 13:46They sell all kinds of things. So they have the inventory.
- 13:50They can afford to say the first 100 people who come here, you'll
- 13:53get a bottle of Coke free because there's other things to
- 13:59sell. There is no hope that people
- 14:01will shop for a free bottle of Coke.
- 14:03Somebody will buy a loaf of bread.
- 14:05Another person will say pharmacy day here, they'll go and buy
- 14:08Panadol. Another person will say they get
- 14:10TV for this place. Somebody might buy ATV.
- 14:15So please, fresh people coming into the game, new entrance,
- 14:22small and medium scale people. You want to sell?
- 14:26Well, I beg this free promo thing.
- 14:29I'm telling you for free. This free promo thing.
- 14:33Tread wisely. In my own opinion, avoid it
- 14:37outright. There'll be a time and a place
- 14:40where we can say free. Free promo 25% discount 75%.
- 14:44There'll be a time for that. The time is not now.
- 14:47We're better off doing the hard work as per your fresh into the
- 14:50space. Just come and sit down and know
- 14:52that you know what, let us try and get people to pay BAM from
- 14:56the beginning. All right, so sorry, forgive me
- 15:01for that free rant. Anyway, don't mind me.
- 15:07You guys know I don't like anything free.
- 15:10Well, when it comes to growing business, I don't like anything
- 15:12free. If you give me something free, I
- 15:13will take it. But you know, as a business
- 15:15owner, I I beg anyway, So I also wanted to I had submitted a
- 15:21report to the team. I also wanted to know how people
- 15:23at the parent company took the took the report.
- 15:27Any feedback on the report? Because unfortunately I didn't
- 15:34have OK, politically it wasn't possible.
- 15:39Let me say it wasn't possible anyway.
- 15:40Let me just say I wasn't able to get any good contacts in the
- 15:43parent company. So all my contacts only in the
- 15:46subsidiary company. So I always had to go through a
- 15:49middle man. So I need to know what did the
- 15:50people in the parent company think about the report?
- 15:55So the conversation now that I had with the guys, they were
- 15:59still doing outreach and thankfully they had taken my
- 16:02recommendations in the report and they had stopped this free
- 16:05promo. They stopped it because the team
- 16:08that I was working with was a six man team.
- 16:11And honestly speaking, if you're going to run Freeman promo and
- 16:15what you guys are selling is content creation, you can't use
- 16:19a six man team to be doing a free promo market entry.
- 16:24You can't because there's also the matter of fulfillment, you
- 16:27know, creating the content, servicing the accounts.
- 16:31So first of all, we need to talk to about 300 or 400 people.
- 16:35And you can't use a six man team to talk to 300 to 400 people,
- 16:40especially since especially if those six people are supposed to
- 16:43be the ones who create the work at the end of the day.
- 16:46So from the beginning I told him, look, this thing is not
- 16:48possible. It's not going to work.
- 16:50It's a matter of mathematics or it's a matter of physics.
- 16:53We have to talk to 400 people and people that ones are going
- 16:56to do the work. The six of you that how you go
- 16:58doing. You're not you're not human
- 16:59beings, so you're not superhuman.
- 17:03So they they scratch that, they stop with the free plan.
- 17:06And what they were doing is they started talking to specific
- 17:08accounts and trying to get them to buy.
- 17:10Now, although they decided to give samples for specific
- 17:16accounts that seem to be promising prospects.
- 17:18And I said, OK, that's not a bad idea.
- 17:20But then I asked them what was the criteria and they said no
- 17:23criteria. And please, that is a problem
- 17:26when you are trying to sell and you're trying to come up with a
- 17:29new strategy. We need to be absolutely clear
- 17:31on what the strategy is. If we're going to offer some
- 17:34people samples because they look like promising prospects, we
- 17:38need to decide who is a promising prospect.
- 17:43That's the number one thing. Are we only going to offer free
- 17:47samples to a promising prospect? Because it is a big company that
- 17:51has 15 employees and puts out 10 pieces of content every day?
- 17:55So therefore by the time we sign them, we expect to be getting,
- 18:01you know, let's say 300K in revenue a month from this
- 18:04specific account. So excuse me, I'm recovering
- 18:08from a gold, but we need to be clear what is the criteria?
- 18:15Because when you have 6 guys who are out in the field and who are
- 18:19trying to sell a product and you say we'll give samples for
- 18:22promising prospects but you don't tell them who is a
- 18:24promising prospect. Wahala, good day.
- 18:28Somebody will offer a free sample to a prospect that he
- 18:31thinks is promising by the time you look at it, you say, but
- 18:35these people only post once in a month.
- 18:37Now even if we charge them 30K per post, that's only 30K that
- 18:41we'll get from this from this person.
- 18:42Why are you offering them? For example, you will find a
- 18:47wide variety of of prospects coming in.
- 18:54So if you want to try something like this, you need to be very
- 18:56specific. Who is a promising account?
- 18:58And in this case, I think promising accounts should not
- 19:01just be a matter of how sweet the conversation was, but it
- 19:04should be like, how much money do we expect to make at the end
- 19:06of the day? But you have to define it.
- 19:11Promising prospect. How big is the company, number
- 19:14of employees in this case, since they're in content, in content
- 19:18production for social media, What kind of social media assets
- 19:23do they have now? What's the potential size of the
- 19:26account? If we do something for free, We
- 19:29give them a small sample and then they sign up.
- 19:31How much do we hope to be making?
- 19:33300,400 thousand, 500,000? You know, people will play all
- 19:37those games. In fact, myself, I play those
- 19:38games too. I won't lie.
- 19:42That's how I get some of you to become clients.
- 19:43You guys call me, we have a conversation.
- 19:46This is me already talking to you guys for free.
- 19:49And then some of you realize that boy, will I say this guy
- 19:53get sense or this service is very, very valuable and that
- 19:58some of you take me up. So there's some people who
- 20:02that's how we start the conversation and so far nobody
- 20:04has taken me up on my. My most affordable offer, I'll
- 20:09be my cheapest offer. I didn't put it that way.
- 20:10Nobody has taken me up for my cheapest offer because
- 20:13eventually you have a conversation with me and you're
- 20:14like, hey, this boy tight. And then people usually end up
- 20:17taking the more expensive packages.
- 20:22But you can see that I have to, I have to gauge like, you know,
- 20:27is it going to be worth it or not?
- 20:30So offering free samples for specific accounts, not a bad
- 20:35idea. Just make sure that you decide
- 20:37on who a promising prospect is and you make sure you inform
- 20:41your sales team because you don't want a situation where six
- 20:44boys go out to settle on your behalf.
- 20:46And then when they come back, all the contact details are
- 20:50looking at that. If there's no rhyme or reason,
- 20:55then I also wanted to find out if they came up with a new
- 20:59prospect list. I'm really big on lists because
- 21:02so many people try to sell from idea or sell from memory or just
- 21:07sell from motivation. As far as you wake up today,
- 21:10you're on fire. Then you go and start talking to
- 21:12people and then you wake up tomorrow and you know the spirit
- 21:15is weak and so you just relax. But you know, come up with a
- 21:18list. Let there be a plan that we are
- 21:20following. This is the list.
- 21:22There are 500 people on the list.
- 21:25There are six of us. More share the list equally.
- 21:29So how many people will take what or who will take what and
- 21:32then we'll start working. So I need to make sure that they
- 21:37didn't fall out of that list habit because people stopped the
- 21:39list habit very easily, very quickly.
- 21:41So yes, they had a list and I was very happy.
- 21:44And over the last month they had approached 100 clients.
- 21:47Now can you guys hear what I'm talking about?
- 21:51Because there was a list over the last month they spoke to
- 21:53over 100 clients. If you're going to wake up and
- 21:56sell based on theme, sell based on Ginger.
- 21:58I can assure you 6 of you won't talk to over 100 people because
- 22:02on some days motivation will be high and you talk to plenty
- 22:06people. And now some days you wake up
- 22:08and be like Kai, what the hell? A big man sleeps more.
- 22:12Or I get that film with you on Netflix, I will finish it.
- 22:15You know, Netflix and chill. Well, because there's a list.
- 22:19You don't, they streamline some things.
- 22:21You don't they, you know, make some things official.
- 22:25It's a process. That is why six boys were able
- 22:27to talk to 100 people. However, even though they spoke
- 22:32to 100 people that were hitting the wall, they hadn't gotten one
- 22:36paying client. They had dropped a couple of
- 22:38proposals, they had done some physical meetings and they had
- 22:41made some phone calls. So basically what I was doing
- 22:45now was I started going over, OK, what did you guys try?
- 22:49What could we have done better? So I've tried to try to map out
- 22:58the outline of what they were doing.
- 23:00See, this thing is very, very important.
- 23:02Technology is important, but honestly, pencil and paper,
- 23:05people don't know what pencil and paper, pencil and paper
- 23:09common by roll and paper. A very, very good tool to grow
- 23:12your business. When something is on paper and
- 23:15you can see it or you draw the thing out, you will now make
- 23:17sense. Like so it is along this part of
- 23:21the chain that we are fumbling. So please, it is nice that we
- 23:27all have fancy phones, fancy computers and everything, but
- 23:30please don't overlook common pencil and paper.
- 23:34It will improve your life, it will improve your business.
- 23:37So pencil and paper will begin in Mapper.
- 23:41So what they were doing was they were sending proposals.
- 23:43So to send proposals though, first they would research
- 23:45clients online and then they would note down some suggestions
- 23:49that they had for the clients to get sales and business growth.
- 23:53Then from there, some people were interested and then some
- 23:59people now started saying, ah, you're too expensive.
- 24:01So that is what they were doing. But I drew it out on a sheet of
- 24:05paper outline, sending proposal, research stage, come up with
- 24:11suggestions, reach out to see who is interested.
- 24:15And then the outcome, which was people saying that they're
- 24:19getting back on price now, joining it out on a piece of
- 24:22paper. We could now see that where the
- 24:23problems were. People are saying you're too
- 24:26expensive. Let me get back to you.
- 24:28We can see that that's where a problem is.
- 24:31So we now know that we need to do some work when it comes to
- 24:33setting expectations when it comes to money and then handling
- 24:37money conversations. And I reminded them that look, I
- 24:41told you guys before, when we work together two months ago,
- 24:44these money conversations, we need to have this thing upfront.
- 24:49This is the rationale of having money conversations upfront.
- 24:52It is a waste of your time and it is a waste of your prospects.
- 24:57Time for you to spend 2 weeks building relationship with
- 25:01somebody. Then they will now say you are
- 25:02too expensive. Now listen, if you are too
- 25:07expensive, this is the honest truth.
- 25:09You have been too expensive from day one.
- 25:12It is better for both of you to own up to that fact on day one,
- 25:16on day three, than to wait until day, you know, 35.
- 25:21So it is a matter of respect for yourself and for your prospects
- 25:24to have these money conversations early.
- 25:28And if any of you try to engage me, it is a conversation that
- 25:32we'll have early. Now, OK, I've heard based on
- 25:37what you said, if I understand the situation correctly, this is
- 25:39where we are, this is what we're trying to achieve and this is
- 25:42where you're trying to go. Am I correct?
- 25:46You say yes or you say no. If you say no, no problem, we'll
- 25:49go back to trying to do need analysis and discover what needs
- 25:51to be done. But when I understand it
- 25:53correctly, I was OK based on this da, da, da that to achieve
- 25:58these aims, we need to have a working budget of anything
- 26:02between, you know, 400,000 to maybe about 650,000 naira for
- 26:06the next 4 weeks. Is that correct?
- 26:08By the way, I'm not saying I will charge you 650, just call
- 26:11me first. Let's have the conversation.
- 26:13No, they fear that I said 650. I'm not saying I'll charge you
- 26:15650, just call me first. But we'll have the conversation
- 26:21that we're looking at anything between 400 to 650 for the next
- 26:244 weeks. Where do you fall along that
- 26:26scale? I will ask you.
- 26:28Or is that beyond what you're willing to invest?
- 26:31I will ask you and we'll have this conversation early Day 2.
- 26:34Day three, we'll have this conversation because if you're
- 26:39A20K person, I want to know early so that you disappear from
- 26:43my inbox. I want to know early.
- 26:47I'm not going to invest six weeks with you only to find out
- 26:50you're willing to spend 30K. No, we will have this
- 26:54conversation early. Day 2.
- 26:56Day three, we already done the talk.
- 26:57AM. I've not given you a specific
- 26:59amount, I've just given you a range.
- 27:01You could cost anything between this and this.
- 27:03Where do you fall along that scale?
- 27:05How does that sound? Is this beyond what you are
- 27:08willing to invest? What expectations did you have
- 27:10in mind? Now it is when somebody says
- 27:15that 300, to be honest, it's a stretch for me, but I'll see if
- 27:20I can make it happen if somebody say something like that, OK,
- 27:23there's hope. I can budget on some things.
- 27:28The person can budget on some things because there's hope.
- 27:31There's some people say, ah, 300, Bao, you know that there's
- 27:35no room. Then there's some other people
- 27:38who say 650. If we're looking at 650, what
- 27:42can we expect to get for those kind of results?
- 27:45You now know that, OK, you're dealing with somebody where
- 27:47they're reasonable, but either way, we should be having these
- 27:51money conversations early. You don't give a specific price,
- 27:55you give them a range. You say based on what we have
- 27:58discussed, based on what you're trying to achieve, to achieve
- 28:02these outcomes, we're looking at anything of a budget between
- 28:05X&Y, then get feedback from them.
- 28:09Get feedback. We're looking at a range of
- 28:13between X&Y. How does that sound?
- 28:18This is what you're willing to invest?
- 28:21What did you have in mind? Like anyhow, should I get some
- 28:24feedback and then you let them know that, OK, what I gave you
- 28:29was a range, I'd have to ask you a couple of questions, more
- 28:32questions so that we can narrow down to a specific price.
- 28:35That's the price that will now be in your proposal.
- 28:36But either way, money conversations, have money
- 28:38conversations early. There is no point in investing 6
- 28:42weeks, 4 weeks, 12 weeks in building relationship with
- 28:46people. Only at the end of three months,
- 28:48somebody will now come and tell you that you're too expensive.
- 28:51You will now be angry with the person.
- 28:53It is not the customer's fault. It is your fault.
- 28:55You didn't bring up the money thing early.
- 28:57How you be talking to somebody for four weeks?
- 28:59You didn't bring up money. Don't you have anything better
- 29:02to do with your time? You guys stop being afraid.
- 29:09Stop being afraid. What's the worst that will
- 29:14happen? Somebody will say OK and they
- 29:16will say bye bye and they will leave.
- 29:17That's the worst that will happen.
- 29:19Then you will stand up and look for somebody else to talk to,
- 29:21but stop being afraid. Bring up money conversations
- 29:23early. Respect yourself, respect your
- 29:26time and respect your prospects. Respect them and respect their
- 29:29time. If this thing is not going to
- 29:31work. No, from the beginning, you know
- 29:33this guy made this skit. What's his name?
- 29:35This guy, they did a 111111 challenge.
- 29:38What's his name again? Brain jotter.
- 29:40He did this video where he woke up to a girl and he was talking
- 29:43to you together and was smiling and everything I said he said
- 29:46wait, wait, wait, babe, no, no, they talk too much.
- 29:48What's your genotype? And she said they said no, no,
- 29:51no more. They talk to no more, no talk
- 29:53too much. What is your genotype?
- 29:55The girl said a yes. And I said OK, I don't go.
- 29:59I mean, it's this kid, you know, and it's funny and it's comedy,
- 30:02but you understand the guy is a yes.
- 30:05He's looking for a wife. He's looking for marriage.
- 30:07He doesn't want to marry any babe that is a S because if a S
- 30:10marry AS they go born sickle cell and he doesn't want to have
- 30:13any child that has sickle cell. So it's a joke, you know, but
- 30:18you know, it's it's the same thing in business.
- 30:21It's the same thing as in relationships.
- 30:23It gets on babes that you'll approach and after a while that
- 30:26the feeling and everything she'll ask you outright that
- 30:28have you given your life to Christ.
- 30:29She'll ask you because she know I'm marrying Pagan.
- 30:33Excuse me. So I'm not saying that you know,
- 30:36if you know born again that you're a bad person.
- 30:39Well, for her it's very simple. I know I'm marrying Pagan.
- 30:41Therefore she'll ask you have you given your life to Christ?
- 30:45The answer is either yes or no. If the answer is yes, uh huh.
- 30:48Should be looking forward to it next day.
- 30:49If the answer is no, she'll say I beg are they go that you're a
- 30:52fine boy and all and I like you and you get prospects, but no
- 30:55feed one. It's the same thing in business.
- 31:00Some boys too. Get some boys where you will be
- 31:03approaching the babe. You're flowing with them
- 31:04everything. And then you now hear that the
- 31:07baby's from Onicha. Say Onicha.
- 31:10Yeah, and then the boy will just evaporate because as far as he's
- 31:13concerned, you know, he is from Emily or whatever.
- 31:16And the guy, no, am I anybody from Onicha, whether for
- 31:21spiritual reasons or cultural reasons or financial reasons or
- 31:24whatever. So if we do these kind things in
- 31:28personal, on the personal relationship front, we supposed
- 31:31one for business as well. And one way of qualifying
- 31:34straight from the beginning is we have these money
- 31:36conversations early. Anyway, let me just move on.
- 31:39I have taken up too much of your time because radio enter like 30
- 31:42minutes. So and you see why you map out
- 31:46the process. So let me check my notes.
- 31:48Let me just go straight to the point.
- 31:50Let me hit them so we can wrap up.
- 31:53So this reason why pencil and paper are very important.
- 31:56You map out something. You now see that, OK, this is
- 31:58the area of the chain where they think they're weak, we suppose,
- 32:00reinforce I'm here. Then for the physical visits,
- 32:04there were dropping Flyers and business cards and then trying
- 32:07to schedule calls. So we spoke about that thing
- 32:10again. I told them, look, two months
- 32:11ago I told you guys that you do not lead the sales process with
- 32:16dropping proposals. You don't because this is the
- 32:19honest truth, whether in Nigeria, in America, Australia,
- 32:22Afghanistan, Uzbekistan, you know, anytime people don't read
- 32:28proposals, people are busy, they get work, they have families,
- 32:33people are busy. You come and drop a 12 page
- 32:36brochure, you know, they'll just skim it.
- 32:37Ah, this thing looks nice. They'll skim it and then they'll
- 32:39close it and they'll go about their work.
- 32:41People don't read proposals. So you cannot use your proposal
- 32:45to be the driving force of the business.
- 32:47You can't. There's a stage for proposal and
- 32:50that stage is not in the beginning.
- 32:53The stage is not in the beginning.
- 32:55I repeat proposal, it works, but it doesn't work when that is
- 33:00your opening salvo. You don't start with the
- 33:02proposal. So I reminded them.
- 33:05Now look, when I was you guys, we discussed that this is the
- 33:07traditional prospect process. Oh, sorry, remember I'm in the
- 33:11parking lot. That's why you're hearing people
- 33:13starting cars and driving off. So I reminded them, now look for
- 33:17people in your own space. The traditional process when it
- 33:20comes to sales would be prospecting stage.
- 33:22Prospecting stage is when we're deciding who are we going to
- 33:25talk to. You guys already don't know who
- 33:28we're talking to. People in fashion and in real
- 33:30estate so that we can create content for them.
- 33:31So that's stage 1 prospecting. Who are we going to talk to?
- 33:36Where are they online or offline?
- 33:38How are we going to approach them?
- 33:39How are we going to start off the conversation?
- 33:41That's the early, that's stage 1 prospecting stage.
- 33:43Then stage 2 is the actual outreach.
- 33:46Outreach is when you go out as per you see now outreach out
- 33:51plus reach. You have gone out to reach out
- 33:53to that person. So that's where if it is online,
- 33:56you don't they slide into their DM or if it is a physical
- 33:58something you're going into the office to try and get
- 34:00appointment. So stage 1 prospecting, stage 2
- 34:04outreach. And I reminded them and I'm
- 34:06telling you now listening to on the podcast, when you're doing
- 34:11outreach, the goal is not to sell on the spot.
- 34:14Very few people are that good now.
- 34:16They'll enter the office now and then.
- 34:18They'll sell on the spot now and walk away with a paying client.
- 34:21Now, very few people are that good.
- 34:25It's a hard job. Don't give yourself that kind of
- 34:27job. Slow things down, especially for
- 34:29those of you in a complex sale. When you go for outreach and you
- 34:38go and you talk to people, the goal that you're trying to
- 34:41achieve there is you're just trying to figure out, is this
- 34:44person interested? Do they have a problem?
- 34:46What is the nature of the problem?
- 34:48That is the focus of your initial outreach.
- 34:52So that if they are not interested, you will say thank
- 34:55you very much for your time and you will leave and you will drop
- 34:57a flyer and you'll never come back again because they're not
- 34:59interested. Or if they have a problem, but
- 35:02the nature of the problem is not of a serious nature for them or
- 35:07it's not something they're willing to spend money on, you
- 35:09say thank you very much for your time, and then you will drop a
- 35:11flyer and then you will leave and you will not come back
- 35:14again. Because even though they have a
- 35:15problem, they don't think the problem is that that big of a
- 35:18deal. So prospecting stage 1, stage 2,
- 35:23outreach. When you get to outreach, you're
- 35:25not trying to sell, you're not trying to figure out is this
- 35:28person interested? Do they have a problem?
- 35:31After you figure out whether they're interested or they have
- 35:34a problem, the next stage is meeting you now call for meeting
- 35:37now. OK, based on all talks spoken
- 35:40about so far, looks as if you guys have issues around this or
- 35:43this or it looks as if my product or service can help you
- 35:46here and there. So this is what I'm going to
- 35:49recommend. Are you guys free for Wednesday
- 35:51next week? Me and my team can show up
- 35:52again. Let us discuss in depth so that
- 35:55we can come up with some proposals on how we can help.
- 35:59Can you guys see how proposal is beginning to enter the picture?
- 36:04Can you guys see that this is the natural order of things?
- 36:07You know, a child is born, you crawl from crawling, you walk
- 36:10from walking, you run. It's like that in business too.
- 36:15There's a natural order of things.
- 36:16You don't walk into the door and then slam a proposal on
- 36:18somebody's table. The time for the proposal will
- 36:20come. So when you call for this
- 36:23meeting now and you get all the information you need now, you
- 36:28can create your proposal now you create it.
- 36:33And this is when somebody will read it because the things that
- 36:35are in the proposal will come from things that you discussed
- 36:38in that meeting. The things that are on their
- 36:40mind, the thing where they took them, the thing where they bond
- 36:42them, the thing that is really, really, you know, firing them
- 36:45up, then they'll read the proposal because your proposal
- 36:48is going to be answering specific questions that they've
- 36:51been asking you in the meeting, specific issues that have been
- 36:54raised and addressed during the meeting.
- 36:56You can see now that is the genesis of the proposal.
- 37:00Some of you are just going to drop proposal on the table.
- 37:02The proposal you're dropping on somebody's table.
- 37:04The information in the proposal, where did you get it from?
- 37:06You just used your idea and you think they'll read it.
- 37:10You're just using an idea. No, Slow down to sell well, slow
- 37:16down to move fast. Go through the normal process.
- 37:21It is only when you have gotten a sense of what their burning
- 37:24priorities are that you can now create a proposal.
- 37:27And in fact, you can see now that in this case, your proposal
- 37:29won't even be thick. It won't even be a 20 page
- 37:31proposal. Your proposal will now be slim.
- 37:33It will be two or three pages because it is answering very
- 37:36specific questions that they want to answer.
- 37:39This is how your proposals are short, they're effective.
- 37:43They're straight to the point and you increase the chances
- 37:45that it will be read because your proposal is answering two
- 37:48or three main questions that came up during the meeting.
- 37:50Simple. And then of course, you know,
- 37:52you put in there that you know for option A, you know this
- 37:56amount, option B that amount, option C that amount.
- 38:01Then after the proposal, you now try to close, which is where you
- 38:04try and get people to take action on the issues that you
- 38:07have discussed so far. But I hope you guys can see when
- 38:12it comes to selling, see the flow, right?
- 38:17But for some reason, this proposal culture, they don't
- 38:19enter Niger. Everybody wants to sell.
- 38:21The first thing you do is you create proposal.
- 38:23Now understand that when it comes to government power status
- 38:27like Ministry of Finance and all or not, they want you to prepare
- 38:30proposal and buying that first. But I'm not talking about
- 38:32selling to government. So yes, if we selling to
- 38:35government, I play that game. Create the initial proposal and
- 38:38send and just drop. You use that one to get into a
- 38:43DG's office or into minister's office.
- 38:46Then from there you can now start talking in serious
- 38:48business. You can always amend the
- 38:49proposal later. But outside of those kind of
- 38:52situations, maybe you're selling to Ministry of Finance or you
- 38:55want to propose something to CBN.
- 38:57Outside of that, relax. Proposal is not the first thing.
- 39:01The first thing, prospecting after that, outreach at the
- 39:04outreach stage, are they interested?
- 39:06What's the nature of the problem?
- 39:07Then you propose a meeting, secure a meeting.
- 39:10At that meeting, discuss in details, find out what the
- 39:12problem is. It is then you'll now be able to
- 39:14give an effective proposal saying this is how my product or
- 39:17my service will help you and it will help you.
- 39:20Based on option A, this is the amount.
- 39:23Option B, this is the amount. Option C, this is the amount for
- 39:26option C, this is what we give you.
- 39:28Option B, this is what we give you.
- 39:29Option A, this is what we give you.
- 39:35So yeah, that's a conversation that I had with the team.
- 39:38Basically. There's some other stuff that we
- 39:40discussed, but it's already 14 minutes.
- 39:41I don't want this broadcast to get any more longer than it
- 39:45already is. Excuse me, but you can see why I
- 39:50said I wanted to share with you guys the conversation that I had
- 39:52with the team because there's some repercussions.
- 39:56I mean, repercussions have been implications, some implications
- 39:59for how we sell. So 1 moment.
- 40:05OK, sorry, I'm back. I was about to sneeze.
- 40:07I don't want to sneeze into the microphone and turn some of you
- 40:10off. You know, I feel as even Muko is
- 40:12hitting your eardrums. So yeah.
- 40:15So that's why I shared the conversation because it has
- 40:17implications for how it is that we sell.
- 40:21So if you're discovering the podcast for the first time, I
- 40:24hope you're having fun. I hope the things that I'm
- 40:26saying make sense. And if you love these sorts of
- 40:28things are big, subscribe. It's not for my benefit.
- 40:31Actually, it is for your own benefit because when I drop the
- 40:34next episode, you'll get the notification and you come and
- 40:37you get that goodness to learn about how to sell, how to
- 40:41promote yourself, promote your agenda, promote your business,
- 40:43promote your career, promote your whatever.
- 40:47So that's it. And that's all for today.
- 40:49Thank you very much for listening.
- 40:50Again, I'm your host, Tavishima Ayede.
- 40:52If you'd love to connect with me, call, send me a text message
- 40:55or a WhatsApp message on 6466 2140 and No Fear.
- 41:01I called 650 doesn't mean I would charge 650.
- 41:04There's some people where you would charge 650.
- 41:06There's some people where you would charge 1.7.
- 41:09There's some people where you would charge two 5300.
- 41:11So during no, they fear. And in the beginning, I'm not
- 41:14trying to collect money from anyone.
- 41:17I'm just trying to figure out, you know, is there a problem
- 41:19here? Can I will help this person
- 41:21solve the problem? And you know, for the people we
- 41:23know who you know, you don't get money, it's not a problem.
- 41:26I will always point you to one or two resources where you can
- 41:28always find some help. So don't worry.
- 41:31So far, I have only turned away one person and that's because
- 41:35that *** was trying to hit me up after midnight and like what the
- 41:39hell, You know Niger, we did. What are you calling after
- 41:41midnight? Like I don't know you.
- 41:43So I've only turned away one person so far and it's been five
- 41:47years, so reach out. I love meeting listeners of the
- 41:50podcast. So that's it.
- 41:52I'll catch you guys some other time.