Latest / Earn Your Leisure / THE KEYS TO MAKE $250k A YEAR SELLING ANY PRODUCT
Transcript
- 0:01Speaker 1: This episode is brought to you by P and C Bank.
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- 0:43Speaker 2: Even in my book, I wrote this part called one
- 0:44Speaker 2: hundred Dollars Off Days, where my goal is to build
- 0:46Speaker 2: my business on my off days, just my off days,
- 0:49Speaker 2: because I was working five days a week on my job,
- 0:50Speaker 2: two days a week on my dream. Every single day,
- 0:53Speaker 2: my goal is to go out and sell four T shirts.
- 0:55Speaker 2: I'm selling T shirts for twenty five dollars, so I'm
- 0:57Speaker 2: trying to sell four T shirts. I'm trying to make
- 0:58Speaker 2: one hundred dollars on each off day so my boy's like, nah,
- 1:01Speaker 2: you gotta grid man, you gotta work every single day.
- 1:04Speaker 2: I know myself, I'm low key lazy. I work hard
- 1:06Speaker 2: because I'm kind of lazy. I want to get to
- 1:07Speaker 2: a point where I gotta do nothing. Work smart. Yeah yeah,
- 1:11Speaker 2: I mean that's what lazy people said. Okay, yeah. My
- 1:17Speaker 2: goal is I'm focused on whatever happens throughout the week
- 1:19Speaker 2: is extra. But my goal is on my off days,
- 1:22Speaker 2: feel it will work. If I can put time into
- 1:25Speaker 2: my job, I can put time to my business. So
- 1:27Speaker 2: I started hitting these these hundred dollars each off day.
- 1:30Speaker 2: So I called my boss, like, Yo, can you only
- 1:32Speaker 2: put me on four days a week instead of five?
- 1:35Speaker 2: Because I knew if I could make two hundred dollars
- 1:37Speaker 2: on two off days, if I had three off days,
- 1:38Speaker 2: I can make three hundred. And that joint started to hit.
- 1:41Speaker 2: So long story short, by the time I quit my job,
- 1:43Speaker 2: I was like working a day a week. So I like,
- 1:46Speaker 2: so I teach people to transition out of their job.
- 1:48Speaker 2: Let's set these small goals and build from there.
- 1:51Speaker 3: So can you talk about that? Because that's important as
- 1:52Speaker 3: far as it's all about strategy in life. And it's
- 1:55Speaker 3: like you never just want to jump out the window
- 1:57Speaker 3: in anything. So can you break that down a little
- 1:59Speaker 3: bit to tree transition out of your job? I liked
- 2:01Speaker 3: that idea.
- 2:02Speaker 1: Was it, like I'm thinking myself, like, was there any
- 2:04Speaker 1: fear in that, like or how did that play on
- 2:06Speaker 1: your mind? Like I'm doing this, I'm out.
- 2:08Speaker 2: I don't know. It wasn't really. It wasn't really a
- 2:10Speaker 2: fear because it happened so gradually, you know what I mean.
- 2:14Speaker 2: It's like with this podcast, you drop one episode, then two,
- 2:17Speaker 2: then three, and it starts to build. So I'm trying
- 2:20Speaker 2: to make on my just two my goal is to
- 2:22Speaker 2: make two hundred dollars a week. If I can't sell
- 2:24Speaker 2: eight T shirts in seven days, you know what i mean. Like,
- 2:27Speaker 2: so it was it wasn't like a fear of, Oh
- 2:30Speaker 2: I got to go quit my job. That would be scary.
- 2:33Speaker 2: I'm just trying to make a couple more dollars to
- 2:35Speaker 2: like go to the club and hang out and put
- 2:37Speaker 2: something on a bottle. I still don't gonna buy it myself,
- 2:39Speaker 2: but I want to be a person that could chip in.
- 2:42Speaker 2: So it wasn't really a fear, especially because since I
- 2:44Speaker 2: was a kid, I've always been trying The hard part
- 2:48Speaker 2: was sticking when I'm only making two hundred dollars a week, like,
- 2:53Speaker 2: or sticking when I'm not really making any money. Instead
- 2:56Speaker 2: of saying, yo, you know what, I think I'm gona
- 2:57Speaker 2: try real estate because T shirts don't work. It was
- 3:00Speaker 2: just me. So the hard part was just staying in
- 3:03Speaker 2: my lane and you know, just stay in one course
- 3:05Speaker 2: for a while.
- 3:07Speaker 1: It goes back to your and I looked at you
- 3:09Speaker 1: your page The life cycle of a good idea. Yeah,
- 3:12Speaker 1: this sounds like the life everybody goes through it too,
- 3:15Speaker 1: you know what I mean, Like, can you break down
- 3:16Speaker 1: that process? Because I'm sure there's a lot of people
- 3:19Speaker 1: that have ideas and they make it to the first
- 3:21Speaker 1: age of excitement, but they never make it to the
- 3:23Speaker 1: last dage.
- 3:24Speaker 2: Oh never. So I came across this presentation. I was
- 3:27Speaker 2: on tour with ET twenty seventeen, and I think like
- 3:31Speaker 2: a few hours before I was supposed to turn in
- 3:34Speaker 2: my presentation, I just I was like, yo, I got it.
- 3:37Speaker 2: The life cycle of a good idea is excitement. Everybody
- 3:39Speaker 2: gets excited about the idea. But then you got to
- 3:42Speaker 2: move to evolution, where you got to start evolving the idea,
- 3:45Speaker 2: which is not as exciting as when you got the
- 3:47Speaker 2: ID and you get to tell everybody and you see
- 3:50Speaker 2: the vision. Yo, this goal was taking me out of
- 3:51Speaker 2: my job. So excitement, then evolution, then engagement. So after
- 3:56Speaker 2: you evolve it, you got to engage people. That gets
- 3:58Speaker 2: scary because you got actually approach people and make a.
- 4:01Speaker 1: Sale and try to buy in.
- 4:03Speaker 2: You got to get people to buy in. But then
- 4:05Speaker 2: with engagement comes resistance. You'll automatically have those people to say, yo,
- 4:09Speaker 2: I don't want to buy it, and then you have
- 4:11Speaker 2: to make a decision. And the decision is either get
- 4:13Speaker 2: excited about something else or move into expansion. But the
- 4:17Speaker 2: trick is taking each stage with you. So if you're
- 4:20Speaker 2: excited and you move to evolution, you got to be
- 4:23Speaker 2: excited while you're evolving the idea. And some people move
- 4:26Speaker 2: from evolution to engagement, but they stop evolving the content.
- 4:30Speaker 2: So once you start to hit resistance, if you're still
- 4:33Speaker 2: engaging people and evolving, you're asking people, Okay, why aren't
- 4:36Speaker 2: you buying this? Because you're still evolving it. You're still
- 4:39Speaker 2: trying to get better, meaning you're still engaging, you're assessitate,
- 4:42Speaker 2: you're assessinate, and then you make a decision to just
- 4:45Speaker 2: don't get excited about something else, fight through it, take
- 4:47Speaker 2: all that data, get re excited about the same concept,
- 4:51Speaker 2: retool it, keep engaging, go through the resistance. And then
- 4:54Speaker 2: you expand.
- 4:56Speaker 1: You said something important and Shotty comes from a sales background,
- 4:59Speaker 1: and you come from a sales background. You said A
- 5:01Speaker 1: sales starts when somebody says no.
- 5:03Speaker 2: Oh for sure.
- 5:04Speaker 1: In my mind, I'm like, yeah, somebody says no, it's
- 5:06Speaker 1: next to the next place. What's the importance of that, Like,
- 5:09Speaker 1: what's the philosophy bond.
- 5:10Speaker 3: That I mean?
- 5:11Speaker 2: When you go into a shoe store, obviously somebody comes
- 5:13Speaker 2: up to you and they're like, can I help you?
- 5:15Speaker 2: And you always say no, I'm good, Like we're trained
- 5:18Speaker 2: to say no. The actual set the game starts when
- 5:21Speaker 2: they say no first. So I was expecting, Yo, you
- 5:25Speaker 2: want to buy a T shirt? And they say no.
- 5:27Speaker 2: I'm like, all right, man, what I gotta go to
- 5:29Speaker 2: the next person. But then I realized that one of
- 5:31Speaker 2: my mentors said, YO, make them tell you no twice.
- 5:34Speaker 2: So I'm like, YO, would you like to make buy
- 5:36Speaker 2: this T shirt? And they say no, I'm good. I'm like, yo,
- 5:39Speaker 2: are you sure? Look at this? Like look at that
- 5:41Speaker 2: like this this this will be dope with your shoes.
- 5:44Speaker 2: And for some reason I started converting, like people like, oh,
- 5:47Speaker 2: all right, yeah, you're right, let me get it right
- 5:49Speaker 2: so now you know, fast forward. I was able to
- 5:52Speaker 2: leave the cheesecake factory and jump into the kios I
- 5:55Speaker 2: make you tell me no till you walk away, because yo,
- 5:58Speaker 2: I've converted on the third third sale, I mean the
- 6:01Speaker 2: third no, the fourth no. And sometimes people will buy
- 6:04Speaker 2: because they tired of you ask it and they know
- 6:05Speaker 2: you're not gonna let them go. Look I got all right, cool,
- 6:07Speaker 2: just give give me that one here ticket, you know
- 6:10Speaker 2: more than once?
- 6:11Speaker 3: Yeah, Now the sales is we talk about that a
- 6:13Speaker 3: few times on the podcast is something that most people
- 6:15Speaker 3: are extremely afraid of because nobody likes to talk to strangers.
- 6:17Speaker 3: Like we're conditioned as kids not to talk to strangers,
- 6:20Speaker 3: Like that's the first thing they tell you, don't talk
- 6:21Speaker 3: to strangers, and that carries over as an adult. And
- 6:24Speaker 3: it's like to walk up to somebody, especially try to
- 6:26Speaker 3: ask them to buy a product and to spend money
- 6:28Speaker 3: with you. It's like it's terrifying for most people. But
- 6:30Speaker 3: I always say, like, if you can actually sell, do sales.
- 6:33Speaker 3: I recommend anybody that wants to be in business to
- 6:36Speaker 3: do at least one year of sales selling something. I
- 6:39Speaker 3: don't care whether it's life insurance, whether it's knives, whether
- 6:42Speaker 3: it's cell phone cases. You gotta be able to sell
- 6:44Speaker 3: something because if you could sell something a it takes
- 6:47Speaker 3: a fear away and you'll realize that the worst thing
- 6:50Speaker 3: in the world is not a no. Right. It's not
- 6:52Speaker 3: like people say no, you're still living like you know
- 6:54Speaker 3: what I mean. It's like you got to develop sticks
- 6:57Speaker 3: then to be an entrepreneur.
- 6:58Speaker 2: Yeah, I got to clients shuts out of my man
- 6:59Speaker 2: saying came on our coaching call. I have a call
- 7:02Speaker 2: in the mornings, and he said, man, how do I
- 7:04Speaker 2: take my business to the next level? And my costume
- 7:06Speaker 2: was like, Yo, how many people do you ask to
- 7:08Speaker 2: buy your service? He said, man, not that many. I said, YO,
- 7:12Speaker 2: give me a number, like, how many people do you
- 7:14Speaker 2: actually ask? He said, well, I do, not a whole lot. Bro,
- 7:19Speaker 2: how many did you asked yesterday? He said none. I said,
- 7:22Speaker 2: that's the problem. So this is what I want you
- 7:23Speaker 2: to do. Because he's afraid to ask for the sale,
- 7:25Speaker 2: I said, or he's afraid to attend. He's afraid to
- 7:30Speaker 2: get into sales. But what I told him was, I
- 7:33Speaker 2: just want you to ask three people a day. That's
- 7:36Speaker 2: your goal. I don't care whether you buy or not,
- 7:37Speaker 2: because the pressure is in their answer. But if you
- 7:42Speaker 2: condition your mind and say, yo, my goal is not
- 7:44Speaker 2: to make a sale. My goal is to just ask
- 7:46Speaker 2: five people every day. So I can go to the
- 7:48Speaker 2: store and say, yo, I don't want to bother you.
- 7:49Speaker 2: My coach, make me do this. Would you like to
- 7:52Speaker 2: buy his T shirt? Okay, that's one. Hey mom, I
- 7:55Speaker 2: know I ain't talked to you a little while. I
- 7:57Speaker 2: never I've asked. I never like try to sell you anything.
- 7:59Speaker 2: But let me get my number out. And if you
- 8:02Speaker 2: can start to get your number out three sales, five,
- 8:05Speaker 2: just make five calls. Make your goal. Make your goal
- 8:08Speaker 2: of the work, not the reward, because the reward is
- 8:10Speaker 2: scary because if you don't get it, you're disappointed. But
- 8:13Speaker 2: what you can't control is the work. That's the only
- 8:15Speaker 2: thing control.
- 8:16Speaker 1: So there it's like a fine line between persistence and annoyance,
- 8:20Speaker 1: because I could imagine like yo, get this, get this,
- 8:22Speaker 1: get this, and it's like all right, is there a
- 8:24Speaker 1: fine line there.
- 8:25Speaker 2: To make a sell. You gotta be kind of annoying
- 8:27Speaker 2: a little bit, Okay, I mean at the end of
- 8:31Speaker 2: the day, you got to ask curtain people. It's going
- 8:32Speaker 2: to be somebody you want to get on the podcast.
- 8:34Speaker 2: They say no, next time you're seeing them, you need
- 8:36Speaker 2: to ask them again. It's only our inside. We feel
- 8:39Speaker 2: like we're being annoying. But sometimes people just forget or
- 8:43Speaker 2: And I learned this at the cheesecake factory. So dope
- 8:45Speaker 2: people want to they want to eat cheesecake, but they
- 8:49Speaker 2: want you to convince them. They want to do it.
- 8:52Speaker 2: But the right thing to say is no because it's
- 8:54Speaker 2: high in fact calories. But they really want me to ask.
- 8:57Speaker 2: They really want me to convince. They feel good strong
- 9:00Speaker 2: will because they're saying no because they're on the diet.
- 9:02Speaker 1: You we got this new one.
- 9:04Speaker 2: They'd be happy when I convince them no.
- 9:06Speaker 3: It's the no thing is extremely important, and it's important
- 9:09Speaker 3: for people to understand how to take things personal. And
- 9:12Speaker 3: you know, I just living in New York. I was
- 9:14Speaker 3: on the subway years ago and I just did like
- 9:17Speaker 3: an observation. It's like people, this guy's handing out like
- 9:19Speaker 3: free newspaper. They're free to any anybody. That's like coming
- 9:22Speaker 3: through the turnstile and every single person was like no,
- 9:25Speaker 3: I'm going to look. They was just and I'm thinking
- 9:28Speaker 3: to myself, like it's free. It's a free newspaper. Why
- 9:33Speaker 3: not take it? But it's like they're just conditioned that
- 9:35Speaker 3: he's trying to sell me. He's not even trying to sell,
- 9:37Speaker 3: it's giving it away and it's like no, it's like
- 9:41Speaker 3: the same thing. It's like a pretty girl, like you
- 9:43Speaker 3: might want to dance with a pretty girl before you
- 9:45Speaker 3: even she's like no. It was like you didn't even
- 9:47Speaker 3: look at me. But she's just used. She's conditioned to
- 9:52Speaker 3: say no. So I say, I have to say like
- 9:54Speaker 3: people in general are conditioned to say no, So peeling
- 9:57Speaker 3: back that layer and saying like, well, why it's free,
- 10:00Speaker 3: it's a free newspaper, and you don't won't take it.
- 10:02Speaker 2: I mean like, let me get the Knowe out of
- 10:04Speaker 2: the West.
- 10:04Speaker 3: And you're not going to convince everybody, but some people
- 10:07Speaker 3: once you just get that first layer, Like if you
- 10:09Speaker 3: can get past that first layer, it's like a home
- 10:12Speaker 3: run after that. Yeah.
- 10:13Speaker 2: I think how you how you do anything, is how
- 10:16Speaker 2: you do everything. So if if you're attempting to make
- 10:19Speaker 2: a sale and they say no. If you're working on
- 10:22Speaker 2: a product and you just can't figure it out, like
- 10:24Speaker 2: these mics, you just couldn't figure out how to get
- 10:26Speaker 2: it working, you'll probably stop at that too and just
- 10:29Speaker 2: get another mic. Right, But once you develop a certain
- 10:33Speaker 2: a certain level of persistence, once you develop that trade,
- 10:36Speaker 2: that carries to everything, you know what I mean, Like,
- 10:38Speaker 2: if you can be if you can be persistent in
- 10:40Speaker 2: a in a sales transaction, you could be persistent in
- 10:44Speaker 2: getting that person interested enough enough to date you or
- 10:47Speaker 2: trying to close that deal. I believe how you do anything,
- 10:49Speaker 2: it's how you do everything.
- 10:50Speaker 1: So you sound like you're gonna be the w hoolet
- 10:52Speaker 1: on Bachelor Man.
- 10:54Speaker 3: So what are some steps? Like you said you coach
- 10:56Speaker 3: people to become entrepreneurs in nine to five steps. I'm
- 11:00Speaker 3: sure there's a lot of people that may listen to
- 11:02Speaker 3: this podcast that have nine to five jobs and want
- 11:04Speaker 3: to become entrepreneurs. Like, what are some practical steps that
- 11:06Speaker 3: people can take?
- 11:07Speaker 2: I think the first step is just set a goal,
- 11:09Speaker 2: and I don't care what the goal is. Ideally, if
- 11:12Speaker 2: you're new in entrepreneurship, you don't want to set a
- 11:15Speaker 2: sales goal or a reward goal. You want to set
- 11:18Speaker 2: a work goal. So your work goal might be starting
- 11:21Speaker 2: out from six to seven, every single day, I'm going
- 11:24Speaker 2: to work on this product or this project, whatever it
- 11:27Speaker 2: is I'm doing from six to seven. If you got
- 11:29Speaker 2: a podcast, from six to seven, I'm reaching out to
- 11:31Speaker 2: people to be on my I don't care what they say.
- 11:34Speaker 2: Their answer doesn't have anything to do with me, but
- 11:36Speaker 2: for me to hit my goal from six to seven.
- 11:39Speaker 2: Because that works on consistency, you get more comfortable reaching
- 11:42Speaker 2: out and you're putting a whole bunch of people in
- 11:43Speaker 2: your pipeline for this particular scenario against what podcasting. But
- 11:48Speaker 2: the first step is to set a consistent goal that
- 11:52Speaker 2: you can hit because you can't control if somebody buys
- 11:54Speaker 2: or not, you know what I mean. So I think
- 11:56Speaker 2: the first step is if you have a business, you
- 11:59Speaker 2: set some work goals, and out of those work goals,
- 12:02Speaker 2: if you get comfortable in that long enough, then you
- 12:04Speaker 2: set some small reward goals and you just do that consistently.
- 12:08Speaker 2: My goal is to sell one a day, whatever the
- 12:10Speaker 2: product is, Let me just sell one a day, and
- 12:12Speaker 2: you do that often enough, you'll get tired of that.
- 12:14Speaker 3: Now, you know what I'm glad you said that, because
- 12:16Speaker 3: that's something that I learned early on in business when
- 12:18Speaker 3: I was first came into business, right, and I learned
- 12:21Speaker 3: that you can't. People make the mistake all the time
- 12:24Speaker 3: because they say, Okay, I want to make a hundred
- 12:25Speaker 3: thousand dollars, and in order to do that, I need
- 12:28Speaker 3: to make two thousand dollars a week, right, And it's like, Okay,
- 12:31Speaker 3: I'm gonna make two thousand dollars a week. I'm not
- 12:33Speaker 3: gonna work two weeks out the year. So if I
- 12:34Speaker 3: make two thousand and fifty weeks, I make a hundred
- 12:36Speaker 3: thousand dollars. But that's not really an attainable goal because
- 12:40Speaker 3: it's like, what does it take to make two thousand
- 12:42Speaker 3: dollars a week?
- 12:42Speaker 1: Right?
- 12:42Speaker 2: You don't know, I've never done it.
- 12:44Speaker 3: So it's like, if you're selling a product, right, you
- 12:47Speaker 3: might say, Okay, I need to sell ten of these
- 12:50Speaker 3: whatever they are in order to make two thousand. But
- 12:54Speaker 3: even saying all right, I'm gonna sell ten products, that's
- 12:56Speaker 3: really not a good goal because how are you going
- 12:58Speaker 3: to sell ten products? You got to dig deeper this, Okay.
- 13:00Speaker 3: In order to sell ten products, I know I need
- 13:02Speaker 3: to speak to one hundred people. So the goal is
- 13:06Speaker 3: not to sell ten products. The goal is to speak
- 13:09Speaker 3: to one hundred people. So now get down even deeper
- 13:12Speaker 3: and it's like, Okay, well, how do I speak to
- 13:13Speaker 3: one hundred people. I need to get twenty five referrals.
- 13:16Speaker 3: I need to go to five networking events. I need
- 13:19Speaker 3: to cold call one hundred people. That's the formula for
- 13:21Speaker 3: me to speak. My goal is to if I speak
- 13:23Speaker 3: to one hundred people, I'm going to sell ten products.
- 13:25Speaker 3: I'm going to make two thousands. But a lot of
- 13:27Speaker 3: times people do it backwards. They say I'm gonna make
- 13:29Speaker 3: two thousand. They get frustrated because it's June and they
- 13:33Speaker 3: haven't made any money, and it's like they just quit. Yeah.
- 13:36Speaker 2: The question is like, how long did you think it
- 13:38Speaker 2: was gonna take to be successful.
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