Latest / Closing Sales in Nigeria - Sales For The Nigerian Business Person: The Sales and Marketing Blueprint / The Secret to Winning Clients by Actually Listening
Transcript
- 0:00Hello and welcome to the High Table, the Oracle's Chamber, the
- 0:06Inner Sanctuary, the Conclave of the Elders, where we talk about
- 0:10sales, money, tactics, strategy, business growth, and solving
- 0:16business problems. Today I would like us to talk
- 0:19about how to make your proposals more effective and to stop being
- 0:23torn deaf. Now, if you've been listening to
- 0:25the podcast for the last maybe four or five days, you know
- 0:28figured out that I'm on this kick right now where I talk
- 0:31about proposals because too many people are ineffective when it
- 0:35comes to their proposal process. In fact, if you listen to the
- 0:38last 2-3 episodes, you remember the time I went on a rant about
- 0:42how some people who've been trying to sell me podcasts,
- 0:46editing services and things like that have not been paying
- 0:49attention to anything that I say at all.
- 0:52Instead, they insist on trying to sell me whatever it is that
- 0:55they have, whether I have expressed a need for it or not.
- 1:02Now, today, we're going to do a case study.
- 1:05Some of you wonder, like, haven't you overdone it?
- 1:07No, I've not overdone it because there are too many of you who
- 1:11are caught in the same trap, but you don't realize it.
- 1:14So I figured today I'll come over here and share a case
- 1:17study. This one is fictional.
- 1:18It's completely made-up, but I think it's kind of realistic
- 1:23enough for one or two of you to cite yourself and to see
- 1:28yourself within this problem that I'm trying to describe.
- 1:31So since all the other case studies I've done so far have
- 1:34been based in Lagos, let me show some my Abuja people some love.
- 1:39So today our case study is going to be based in Abuja, Nigeria,
- 1:43FCT Federal Capital Territory. That's for those of you who are
- 1:46not Nigerians. Abuja is like our Washington,
- 1:49DC. It's like our, our, yeah, our
- 1:52Washington, DC, our where does the Prime Minister stay in
- 1:56London, OK #10 Downing Street. Are we anyway?
- 1:59So Abuja. All right, so now let's say our
- 2:05prospect today, the person who is being chased today, the
- 2:10person who is the potential client today, the person who has
- 2:14the big bucks that people are chasing.
- 2:18Let's say her name is Amara Chidima.
- 2:21Again, this is fictional, completely made-up.
- 2:25So if your name is Amara Chidima, it's just a
- 2:27coincidence. So let's say she's the founder
- 2:29and she's the CEO of Sentinel Wealth Partners.
- 2:34Of course, they're in into, you know, investments, wealth
- 2:37advisory, you know, those sorts of things.
- 2:39So let's say Amara has been at this for a while.
- 2:42Currently she has about 35 employees.
- 2:45You know, she has some advisors. Advisors is what, you know,
- 2:48people like to call. It's kind of like what they like
- 2:51to call. How will I put it now?
- 2:54OK, Some people in the financial services space, they don't call
- 2:58their sales people, sales people.
- 2:59They call them advisors. Because of course, you know, you
- 3:02have to engage with customers. You have to engage with
- 3:05potential customers, potential clients figure out what it is
- 3:08that they want. So the sales people need to have
- 3:10a certain level of subject matter expertise.
- 3:12They need to know the investment products, they need to know how
- 3:16to be able to assess what it is that people need and which kind
- 3:19of investments is going to match their current state in life or
- 3:22their risk profile or things like that.
- 3:24So in financial services, you know, you have a bunch of people
- 3:27that you call advisors, whether they are advisors in the proper
- 3:31sense of the word or whether they are advisors because they
- 3:35have to go out and interact with potential customers that sell
- 3:37something. So Amaya Chidima, her company
- 3:40Sentinel Wealth Partners, she has sort of have employees, she
- 3:44has advisors, she has analysts and she has, you know, other
- 3:47people in operations. Now let's say this is the
- 3:50situation with Amira. So let's say Amira now she has
- 3:55to have employees. She's been doing some business
- 3:57for a while. So let's say she's done a good
- 3:59job so she don't garner some reputation.
- 4:03You know, you ask anybody about Amira who's oh, that chick I
- 4:07beat Sentinel with Partners. I know that Madam.
- 4:09Now. So let's say that's a level that
- 4:10Amira is in her business. But right now they're facing a
- 4:15bottleneck. You know, teens don't, They
- 4:17choke, They're trying to get high net worth individuals as
- 4:21clients. But you know, it's like they've
- 4:23hit a bottleneck and it's normal.
- 4:24It happens in every business you start.
- 4:26You know, you do also, you do also.
- 4:28And then sometimes, yeah, things will pick up, you know, you're
- 4:30moving. And then it gets to 1 stage
- 4:32where things just kind of hook, things just kind of slow down.
- 4:36So it's normal. It happens.
- 4:39So Amira is trying to solve the problem.
- 4:42This is the problem that Amira has.
- 4:45She's trying to get high net worth individuals, but she don't
- 4:48hook. They've gotten a few, she wants
- 4:50more, but things are kind of stalling.
- 4:52So let's say Mara now decides to book a meeting with two
- 4:56different people right now let's say during that meeting with the
- 5:02first person, what would I call the first person itself?
- 5:07I didn't even come up with a name for the first person.
- 5:09Anyway, let's just say now she has a, a meeting with the first
- 5:13person. She tells the the person that
- 5:14look Madam, our problem is not visibility.
- 5:18Everybody in Abuja knows us. Go anywhere, ask for.
- 5:23So what's that name again? So hold on, uh huh, Sentinel, go
- 5:26anywhere and ask for Sentinel Wealth Partners.
- 5:28People know us in Abuja. Visibility is not our problem.
- 5:34Everybody knows us. Our problem is conversion
- 5:38because from all the moves that we've been doing on LinkedIn,
- 5:41from all the moves we've been doing on social media, we have
- 5:45monthly, we have our monthly newsletter, excuse me, is fully
- 5:50subscribed, you know, by people who are high net worth
- 5:54individuals. But we want to get people to
- 5:56move from these news, this newsletter and we want to get
- 6:00some high ticket consultations from that.
- 6:04Sorry, today's been a busy day. You know, podcast recordings,
- 6:08coaching sessions, you know, things like that.
- 6:10Plus shouting at the children. By the way, the children are
- 6:13home in case you hear any noise in the background.
- 6:16Yeah, so my voice is a little tired.
- 6:19Where was I? So that's what Amara tells this
- 6:23vendor. Now, look, my problem is not
- 6:24visibility. Everybody knows us.
- 6:26My problem is we have a monthly newsletter.
- 6:28On this newsletter, I know that we have some correct guys.
- 6:31We have some more do goos. We have some big girls in this
- 6:33reading this, our monthly newsletter.
- 6:35We want people to leave this monthly newsletter.
- 6:38I want them to come to us so that we can do some high ticket
- 6:40consultations. That's what I'm looking for.
- 6:43Some of you are wondering, why did I come up with this example?
- 6:46Well, obviously because you know, I'm facing a similar
- 6:49problem. I have over 4000 something
- 6:53subscribers on Spotify alone. And of course, definitely I know
- 6:56that there are one or two, not even one or two.
- 6:59They're probably like at least 500 old girls that are listening
- 7:03to this podcast right now. But for some reason, all these
- 7:07old girls, the big boys and the big girls, they're not coming
- 7:09forward to come and give me money.
- 7:11So I'm in a similar situation to this admirer chick.
- 7:15Again, this admirer is fictional, completely made-up.
- 7:18So now this first vendor that she has told, remember, she has
- 7:21told the vendor that look, visibility is not our problem,
- 7:25but she's talking to a marketing consultant and that is why I'm
- 7:28using this one because all you marketing consultants listening,
- 7:32if you are honest with yourself, you will admit that you've done
- 7:36this thing before. You will admit.
- 7:39And let me continue. So Amara has told this marketing
- 7:41consultant, my problem is not visibility.
- 7:44People know us. This is my problem.
- 7:45I have a monthly newsletter. I suspect there are big boys and
- 7:49big girls there. How do we get people to come out
- 7:52from this monthly newsletter and start giving us good money?
- 7:56That's the problem. So the marketing consultant, now
- 7:59we go back to the office and go and consult with their team and
- 8:02say guys, I spoke to the CEO, this Amira baby be like say she
- 8:06get money. They know we need to come up
- 8:08with something that will just wow them.
- 8:10Now by the time we just make this speech, they'll just give
- 8:13us money, money, money. So the marketing consultant,
- 8:19that's what they will do. Then they now come back in 2
- 8:22days. Well, because they're a
- 8:24marketing creative agency. What they'll do is they're going
- 8:26to create APDF 15 page PDF, stunning PDF graphics or points.
- 8:32You know, if as in anything will just be bam, will be solid.
- 8:37And of course, you know that you're marketing people, you're
- 8:39marketing consultants. That's what you like to do.
- 8:41So in that page now, they'll now offer a matter, a 50% Ramadan
- 8:46special discount. They offer high social media
- 8:49management package. The proposal, the proposal is
- 8:52going to focus on, you know, revitalizing their Instagram
- 8:55feed, getting viral reads, you know, gaining 10,000 followers.
- 8:59Maybe they looked at Amara's Sentinel wealth partners.
- 9:03They looked at Instagram handle and they saw that oh this, we
- 9:05only have 5000 followers. They don't even have much.
- 9:08So they now start promising how they will gain them 10,000
- 9:11followers, blah, blah, blah, blah, blah.
- 9:14Those of you who are marketing specialists, you know, you've
- 9:17done this before. You know, and this is the
- 9:20mistake that a lot of you make. You go and you talk to someone.
- 9:23The person tells you, I have this particular problem.
- 9:26But then you go back to your team, you come up with this
- 9:28beautiful proposal, throwing every single person, every
- 9:31single thing at this person. These are the things that we can
- 9:33do and all, if you do this now, we'll give it to you at 50% off.
- 9:37We'll give it to you at 75% off. Now, in this fictional scenario,
- 9:40now, Amira, did Amira say anything about likes?
- 9:45Did Amira say anything about going viral?
- 9:48Did Amara say anything about new followers and all this stuff?
- 9:54So you see why I'm using this example because you marketing
- 9:56people do it all the time. Somebody talks to me, they have
- 10:00a problem. Listen, my client and then I
- 10:02say, OK, you know what? I'm not a marketing specialist.
- 10:04Let me refer you to somebody I refer you to.
- 10:06I refer them to a marketing specialist.
- 10:08And then all of a sudden, the marketing specialist starts
- 10:10talking about all kinds of things that we did not even
- 10:13discuss. Like where did this come from?
- 10:16Where did this come from? Where did this come from?
- 10:20The last one that happened that really, really vexed my spirit.
- 10:23Somebody came to me, She was in construction industry.
- 10:25Listen carefully. She's a young woman in the
- 10:28construction industry. She got her in to the
- 10:31construction industry here in Abuja because her popsy was also
- 10:34in the construction industry, an engineer.
- 10:38She started off business as a young woman, of course, wanting
- 10:41to deal with the big boys she wanted to be doing business with
- 10:44and supplying people like brains and hammers and you know all
- 10:47these other big, big construction outfits here in
- 10:49Abuja. That was her goal.
- 10:52But she now realized that her bread and butter, the people
- 10:54that were here giving her money, the people that were enable her
- 10:56to pay house rent, the people that were enabling her to pay
- 10:59medical bills, the people that were enabling her to pay school
- 11:02fees and everything. She realized that it was mostly
- 11:06older women who are nearing retirement.
- 11:09And they just think like I'm about to retire.
- 11:12Meanwhile, nothing. A house to my name, I don't have
- 11:16a house for my children. If anything should happen to me,
- 11:19I don't have those who are the people that are giving her
- 11:22money. Then there was also young women
- 11:26who have money. But I went into one or two
- 11:28trouble. You know, these things happen
- 11:29now. You know it happens.
- 11:32You know, you're a wealthy young woman and then a behind your
- 11:35husband quarrel. Before you know it, the husband
- 11:37on the carry side cheek. You know, there's a woman who
- 11:39say, look, I've had enough and then they caught and there's all
- 11:42these young women say, you know what, yes, things are good now,
- 11:46but I suppose get some kind land investments so that if anything
- 11:52happens to me, I have something to bequeath to my children to
- 11:56give to my children. See, this one is not fictional
- 11:58at all. This part is real.
- 12:00I'm telling you, it's real. Remember the lady was in the
- 12:03construction space, She came into the construction space in
- 12:06Abuja wanting to deal with the big boys.
- 12:08But then she now realized that most of her money was not coming
- 12:10from the big boys. It was coming from mature women
- 12:13who are close to retirement and who want to build house or want
- 12:17to acquire land or young women that have serious bar.
- 12:21But then they have marriage issue here and there and they
- 12:24say over my dead body, my children will not go and be
- 12:26fighting for inheritance. Let me do something for my own
- 12:29children. Those are the majority of people
- 12:32that are giving her money. Now, I'm not a marketing
- 12:35specialist. And so I told her that, OK, you
- 12:37know what, from what we've discussed, honestly speaking,
- 12:40you don't need me right now because I'm a sales coach.
- 12:44I'm a business development consultant.
- 12:46You don't really need me right now.
- 12:47The person I really need for this idea is a marketing
- 12:49specialist. I hooked up somebody who is a
- 12:51marketing specialist because I had a chat with her.
- 12:55And then next thing he sent me the proposal that I was going to
- 12:57send to her. Page one of the proposal, Page 1
- 13:01of the proposal was saying that oh, in Nigeria's fast-paced
- 13:05moving market, something something was now trying to give
- 13:09examples of people who buy real estate.
- 13:12The number one example that he gave was Kunle in Lagos, Tech
- 13:18professional something, age between blah blah blah.
- 13:20I was like where is all this coming from?
- 13:23I just had a conversation with you.
- 13:26I told you about this woman. I told you who her clients are.
- 13:30You spoke to her, I'm assuming she told you the same thing.
- 13:33How in the hell did you come up with a proposal that on page
- 13:36one, the client that you're looking at is cool age, that is
- 13:39something to whatever living in Lagos and the type of like,
- 13:42where did that come from? In all the talking that we did
- 13:46up and down, Did you hear any mention of anybody that even
- 13:49resembles this, this, this kind of ideal customer profile, this
- 13:55kind of customer avatar where but I see that we're marketing
- 13:59professionals all the time. It blows my mind.
- 14:02It drives me nuts. That's the reason why I'm
- 14:04ranting right now. For some reason, you marketing
- 14:06professionals, and it's one of the reasons why you're
- 14:08struggling. Attend a meeting with someone,
- 14:10the person tells you, this is my problem.
- 14:12Go back home, talk to your team, come up with a plan for that
- 14:15problem. Only you will start coming up
- 14:17with all this extra stuff. And then forgive me.
- 14:20Let me calm down South. I'm just trying to say that this
- 14:24is the kind of thing that can happen, that somebody can talk
- 14:27to Amira, who is in the wealth and financial advisory space.
- 14:35And the person says that we're trying to work on our
- 14:37conversions for a newsletter. And then the marketing agency
- 14:41will come back with a proposal that says 50% off if you sign
- 14:45now, if you sign before. Sorry about that.
- 14:48That was the alarm that I set. You know, it's been 15 minutes.
- 14:51I want to make sure that this podcast episode is not too long
- 14:56so they'll come up with this kind of proposal and start
- 14:58talking about Instagram going viral, new followers,
- 15:01everything. Now that is a big mistake
- 15:03because in this case, the customer, Amira, did not say
- 15:05anything about likes. What she spoke about was private
- 15:10consultations from their newsletter that their social
- 15:15media feeds their newsletter. And she suspects that there are
- 15:19people with money in the newsletter.
- 15:21So she says come up with a plan so that people in that
- 15:23newsletter, we jump out and start talking to us or coming to
- 15:28the office so that from there, we will close deals so that from
- 15:31there, we'll get high net worth individuals as clientele.
- 15:35Now, because Amira is a very polite Nigerian, like most
- 15:38Nigerians are polite. Amira will read this proposal
- 15:40and guess what Amira will say. Amira will say, oh, thanks, it's
- 15:44a wonderful proposal. Let me get back to you.
- 15:47That is what Amira will say. And then she won't answer the
- 15:49phone. She will start ghosting.
- 15:52Then the marketing consultant will be saying that Nigerians
- 15:55don't appreciate good marketing. Nigerians are confused.
- 15:57It's not that Nigerians are confused.
- 15:59You went and had a conversation with someone.
- 16:02You didn't listen to what the person said.
- 16:03The problem was you came back with a proposal that did not
- 16:06match what they were looking for and that is the reason why they
- 16:09are ghosting you. Yes, this is made-up but this is
- 16:13the kind of thing that can happen.
- 16:14Now back to this example that I'm talking about, this Nigerian
- 16:16young lady in the construction space, she read the proposal.
- 16:19Guess what she said? She told the person, let me get
- 16:22back to you. And then she now called me and
- 16:24she said, oh, Tavi Sharma is like this guy didn't really
- 16:26understand what was about blah, blah, blah.
- 16:28I've seen the proposal and I told her, look, I'm terribly
- 16:30sorry, I apologize. Yes, I looked at it.
- 16:32The moment I saw it, I knew that this was off base.
- 16:35You know what, let me help you look for somebody else.
- 16:37I was now feeling like you're fool.
- 16:39I made a recommendation and the guy completely goofed up Anyway,
- 16:48so let's say now I'm gonna decide to take a meeting with
- 16:51the second person. I said this person's name is
- 16:53Tunde. Tunde shows up and Tunde does
- 16:55good discovery and qualification.
- 16:57That is the part of the meeting or the part of the business
- 17:00relationship where you try and figure out who is this person.
- 17:02You try and figure out the problem.
- 17:04You try and figure out, you know, the vision they're trying
- 17:06to build. You try and source out whether
- 17:09they have a significant problem, whether they're ready to take
- 17:11action, you know, all those sorts of things.
- 17:13If this your first time listening to the podcast, right?
- 17:15What you do is after you're done listening to this, skip back and
- 17:18listen to the one that came before and the one that came
- 17:20before. Just scroll back and listen to
- 17:21like four or five. You will get the scope.
- 17:23You get the gist of where I'm coming from because I've been on
- 17:26this proposal thing for at least, let's say the last, let's
- 17:31say the last 510 episodes. So after listening to this, just
- 17:34listen back. You get caught up to speed.
- 17:35So let's say she talks to today. Today does good discovery and
- 17:41qualification and discovery. Then instead of today coming up
- 17:46with a 15 page wonderful pitch deck for proposal document,
- 17:52let's say he comes up with a three page document and then on
- 17:56the heading of the document he writes a three-step breach from
- 18:01newsletters to consultations. Do you think Amara will open
- 18:05that thing or not? Do you think she will read that
- 18:07thing or not? Do you think she will engage
- 18:09with that thing or not? Do you think she will have
- 18:12questions or not because she spoke about my problem is our
- 18:15social media is good, our website is good, everything
- 18:18good. The problem is we have this
- 18:21newsletter, thousands and thousands of people on the
- 18:24newsletter born on getting customers from this newsletter.
- 18:28How can we dig into this newsletter?
- 18:30And you know, from the header alone, she will see that this
- 18:34guy was listening to me. This guy knows us up.
- 18:40This guy, like from the heading alone, she will know that this
- 18:46person was paying attention. If this guy today calls back
- 18:51later on, so have a look over. She'll say, Oh yes, I've had a
- 18:53look at it. And she will have questions
- 18:56because there's some part she will agree with and there's some
- 18:58part she will disagree with. And then the conversation will
- 19:00continue because the guy paid attention.
- 19:03Antundi, because he's not talking anything about virality,
- 19:07about social media, about followers, about like about
- 19:10wanting, wanting. His proposal is speaking
- 19:12straight to what it is that she said.
- 19:14He stands a chance of continuing with the conversation.
- 19:17It's not a guarantee that the deal is going to close and it's
- 19:21going to be his. I'm not saying that he stands a
- 19:24reasonable chance because he's focusing strictly on the
- 19:32problem, which is Amara has a newsletter.
- 19:36She wants to squeeze money from that newsletter and that's what
- 19:39he's talking about. Now remember in the first
- 19:44example I said the marketing professional is going to do what
- 19:47most of you marketing professionals do, which is you
- 19:49talk to somebody like Amara and then you say, oh, you know what,
- 19:53if you move now 50% off, 25% off.
- 19:57Now if our today hotel today, today do not discount nothing.
- 20:02Focus on the core issue. So even when Amir starts asking
- 20:06for discount because I'm a neighbor babe now, so she will
- 20:09ask for discounts. It is expected.
- 20:12It is expected. It is only.
- 20:15Is only. I was going to say it's only
- 20:16Yoruba babes that pay full price, but I realized that even
- 20:19Yoruba babes like to price. So it is only northern babes
- 20:22that pay full price. If it's Amina and she'll pay you
- 20:25full price. If it's Amira, she'll price you
- 20:27down. If it's coming, she'll price you
- 20:29down. Don't mind me, I'm just, I'm
- 20:34just misbehaving anyway. So eventually Amira might ask
- 20:37for a discount. But if you focus on the problem,
- 20:39that is why you're going to say, oh, look, Madam Amira, you
- 20:42currently have 20 million assets, 20 million in assets
- 20:47under management. And you have this newsletter.
- 20:51We're hoping to extract another XYZ amount in value.
- 20:54And look, Amir, Madam Amir, see, and this is the truth.
- 20:58This thing that I'm trying to do for you, if I give you any
- 21:01discount, in effect, I'm telling you that my strategy is not
- 21:07worth this money that you're about to pay.
- 21:09So Madam, let's leave it like this if you want going forward,
- 21:15we can see how if this thing turns out good and we want to
- 21:19make this a long term something, no problem going forward.
- 21:21Let me see what I can do for you.
- 21:23But Madam Mamira, just leave arm like this.
- 21:27The money where I don't quote, just leave arm or do I'm like
- 21:29this. If you focus exclusively on the
- 21:32problem, you can have that kind of conversation because you're
- 21:36focusing on the problem. So for those who are listening
- 21:44for the first time, in case you don't go back and listen to the
- 21:48other episodes, I believe that discounts are a virus.
- 21:51And I'm just saying that just in case you don't listen to the to
- 21:53the other episode, I want to say it now so that you hear it.
- 21:56Discounts are a virus. Discounting can make you look
- 22:00desperate. It doesn't make you look kind.
- 22:03Then you're training your clients to always wait for you
- 22:06to give discount, give discount, give discount, give discount.
- 22:10The only way to use discounting is if you have excess inventory
- 22:14and you're trying to move excess inventory.
- 22:15I'm not going to explain what that is now.
- 22:18Just go and listen to the older episodes and you'll get the full
- 22:21explanation. So if you are in this situation,
- 22:25you are a marketing consultant or whatever, you're dealing with
- 22:31somebody like Amira, you want Amira to reply your e-mail, you
- 22:35want Amira to answer your phone call, You want Amira to get back
- 22:39to you. You want, you know, just all you
- 22:42have to do, really all you have to do is show for these
- 22:44meetings. Pay attention to what Amira
- 22:47said. The problem is then when you're
- 22:50coming back with the proposal, please make sure that from page
- 22:54one of the proposal you are trying to answer that major
- 23:00question that Amira said was our issue.
- 23:03If we start off like that, you will find that the the the odds
- 23:08will increase. The chances will increase that
- 23:10people will take our proposals and people will read our
- 23:13proposals. People will engage with our
- 23:15proposals and they will get back to us after they read it, even
- 23:19if they forget. And then we call it will be a
- 23:21matter of, oh, OK, that's today. Yeah, that's that nice guy.
- 23:23That's true. I forgot to get back to him.
- 23:25And then the conversation will continue.
- 23:27For a lot of you, the reason why your proposals are going nowhere
- 23:30is because your proposals are tone deaf.
- 23:33Tone dev just means you know they hear word.
- 23:35People are saying this is my problem.
- 23:36You are ignoring the problem. I'm going to preach about curing
- 23:39every other single problem under the sun and then oh, if you act
- 23:43now, we give you 50% discount anyway.
- 23:47So let me stop ranting. If you'd love to connect with
- 23:49me, you can call me, send me a text message or a WhatsApp
- 23:51message on 08064662140. If you want to join my WhatsApp
- 23:58channel, it's the same number 08064 662140.
- 24:04So thanks for your time and attention.
- 24:05I'll catch you all some other time.