Creating Confidence with Heather Monahan - Increase Sales & GROW Your Business FAST With Stacy Tuschl CEO & Founder Of The Foot Traffic Formula Episode 223

Episode Date: June 7, 2022

In This Episode You Will Learn About:  Gaining more profit AND more happiness   Thriving through trial and error  Turning leads into SALES Learning from your competition  Resources: Website: stacytuschl.com & welloiledoperations.com  Listen to Foot Traffic Podcast Read: The Implementation Code: Unlock the Secret To Getting It All Done  Sign up for 5 Day Traffic Bootcamp  Text COMMUNITY to [phone] to join! LinkedIn & Facebook & Youtube: @Stacy Tuschl Instagram: @stacytuschl Twitter: @stacytuschl Overcome Your Villains is Available NOW! Order here: https://overcomeyourvillains.com  If you haven't yet, get my first book Confidence Creator Show Notes:  The key to any successful business is finding what the market is MISSING, and filling that need! Expert business growth coach, Stacy Tuschl is here to teach you how to work sales funnels, observe business trends, and make the BEST move for your business! Lean into what is working, and be willing to change things up that aren’t. The end goal is to convert visibility on your website or social media platforms into leads and eventually into SALES! You CAN gain new customers while keeping the existing ones engaged and happy. Tune in to discover the BEST ways to drive business up and diversify your existing strategies! About The Guest: Stacy Tuschl has made a name for herself as an expert in growing small businesses. Starting off at the age of 18, she began her very first company right out of her parents backyard, where she later went on to turn it into a multimillion dollar business! In addition to being a small business growth coach, Stacy is a best selling author, and Founder of The Foot Traffic Formula, which helps small businesses around the world get MORE customers in the door. This woman is on fire!    If You Liked This Episode You Might Also Like These Episodes: How To Ask For Something The RIGHT Way with Heather! Finding Your Harmony with Ally Brooke Investing in Yourself & Others with Kerry Siggins  Learn more about your ad choices. Visit megaphone.fm/adchoices

Crunch. What a name for a chocolate bar. Tells you what you're signing up for. Crunch, that glorious combination of crispy rice and 100% milk chocolate makes crunch the chocolate bar that's just more fun. It's the mic drop of chocolate. It's chocolate with game. It's chocolate with, hmm, what? Oh, yeah, crunch. Go where it's saturated and look at what's out there and then find out what's missing. I just did some market research and I went to a lot of people that I know that went to my competitors before I was ever around. They didn't know me. And I said, what did you love about them and why didn't you stay with them? Because a lot of people go and then they don't stay. I start

writing down all the things my competitors are missing versus all the things they have. Because a lot of us look at our competitors and go, oh, they have this, I'm gonna have that. But that's not helping. So you wanna have what they have, but you wanna go above and beyond and different angles. I'm on this journey with me.

Each week when you join me, we are going to chase down our goals. Overcome adversity and set you up for better tomorrow. I'm ready for my close time. Hi, and welcome back. I'm so excited for you to meet Stacy Tushal. She's made a name for herself as an expert in growing small businesses. Let's put it this way. She started her own business at the age of 18 in her parent's backyard. Turn that company into a multi-million dollar business. this way. She started her own business at the age of 18 in her parents backyard, turned

that company into a multi million dollar business. She still runs it today. In addition to being a small business growth coach, Stacy is a best-selling author, founder of the Foot Traffic Formula, helping small businesses around the world get more customers in the door, more profit in their pocket, and more happiness in their homes. I mean, she's the 2019 Wisconsin small business person of the year. This woman is on fire. She's featured in Ink magazine as one of the top 10 podcasts for moms looking to grow a thriving business. She's been featured in Forbes, Fox, Happy New Post, like the list goes on and on. Stacey, thanks so much for being here today.

Hi, Heather. Thanks for having me. Oh my gosh. All right. So let's get to it. It's interesting. As you know, my background is in corporate America and running large companies. Now I run my own small. And here's what's funny or what I question to you, I guess. There's so much that I take from corporate America and it's business acumen, right? And I plant my business life every day. However, some of the challenges for those of us that are solo entrepreneurs is this idea

of trial and error and not having the ability to forecast out like we used to in a business built up that we had 20 years in and I knew the cadence and I knew the pipeline. So when I talk about conversions now in sales panels, this stuff is like live and die type conversation versus, you know, when it was so predictable before, throw in a global pandemic to completely upset business deal flow. And here I am, not only having you on, because I want everyone here who's listening to Game Value,

but I need your help. I need to find ways, Stacy. How can I improve my sales funnel? How can I improve my conversion rates? Yeah, oh, so good. And just so you know, my opposite background is zero corporate, like started a business right out of high school. So I love when I talk to corporate people

because there's things you know that I'm like, teach me, teach me everything. Like I'm just winging stuff over here. And you really have to get good at using your past data, but you've got to use the most recent history. When you have corporate, you can go back however many years and go forward and it's just like plug it in. Oh, here's what's gonna happen, not here.

And when people are talking about funnels from a year ago or launches from a year ago, I need to say to my clients, I don't care about any of that stuff, because if you haven't launched something in six months, or you have just started running Facebook ads, now it is a whole different ball game. So I think you have to really ask yourself, like I think there's a couple of things, but you've got to get really good at finding like, what is that new wave?

And not just writing one wave at a time because anything like you said, can all of us in stock? If you're relying on Facebook ads or you're relying on one funnel or one product, and all of a sudden something shifts, your business is just gone overnight and you're trying to figure out what to do next. So I think the biggest thing is when I teach people how to work their sales funnel, how to track all of that, it really is just as simple as you're not really predicting as much as you're seeing what happens, and then you're using that

data to start to predict and scale and grow. Does that make sense? It seems more like you're living in that moment and allowing that moment to help project that. Yeah. I mean, I'm setting goals of what I want to happen and what I want to see, but I'm kind of just guessing. Like people will say, well, what number should I put out there?

Mike, honestly, you throw whatever number you want out there, but you better start to take the actions that you think you're going to be able to do to create that success. And once you actually get the real data, the conversion rates, the open rates, the click through rates, now we've got something to say, okay, well, I want that better. If I want more results, what does my pipeline look like? And where is the problem? I had somebody client was working with. And she had this whole funnel set up. And she was like fixing email number seven. Like listen, they're not even getting to email number seven, right? We've got to start at the beginning, go in order, fix like the first

thing they see. And that's probably what we call like driving traffic, getting that visibility is your visibility converting into leads. Are your leads actually can like are they are they becoming consults? Are they becoming that next person to raise their hand? And from there, are they converting into sales? Look at what's happening and figure out where your funnel is broken, right? And even if you've got a great converting funnel, there's still places that could be massively improved and we've got to get good at refining. But if you're anything like

me, we don't want to be doing the boring refining stuff. We're like, create this new and new product over here and new platform and new, new, new, and you've got to get good at the boring stuff of just the little tweak here and the little tweak there and how do we get them to open more and click more in all of the things. So when you're working with these companies, you know, no matter what size they are, what are some of the biggest challenges people have that you have a pretty straightforward fix for? Yeah, so for me, in my foot traffic formula, it's driving traffic, getting that touch point, which are leads in a transaction, but the secret sauce is tracking. So you really have to track your traffic. You have to track your touch points, track your transactions.

Right? So the data determines what you do next. You've got to get the drama out of it. A lot of people, we've got big goals, we think this thing's going to blow us up, and then it doesn't, right? Or at least not right away. And we're like, well, only two people bought. But when I look at the data, and I look at, well, what is the percentage? What is the conversion rate, right? And I try to give people benchmarks, not to say, try to hit it, but just to say, you're in the pretty normal range, right?

So when you're not happy, like people will say to me, it's not working. I'm like, well, give me numbers. Like, don't tell me it is not working. Tell me what the conversions are, right? So we start to see, well, this was their opt-in rate and it was 32%, which is not bad for an a free opt-in, let's say, and then the next page had something for sale

and they converted at 2.5%. Like, well, the standard is 2 to 5%. And if you convert it at 2.5, you're in there. So it's not that you have a broken funnel, it's just you want more, which means we've got to fill the top of the funnel, right? And sometimes people just don't have the traffic to even see, do you have enough data to decide that this is good or not, right? If you started running ads yesterday and you're not happy with what the funnel's doing, we don't even have enough

information, most likely, to see if enough people even saw it to get us the conversion we're looking for. So in the day and age we're living in, what are you seeing as some of the best ways to drive that top of funnel? So I think back when, you know, like even a year ago, it was all about the freebie, and then it was all about the low ticket offer, right?

I honestly think both still work, but it has to be valuable and it has to really stand out. So I'm friends with a lot of people in the online space. And I know who's doing well and who's not doing well. And I will tell you, the people that are giving something tangible, right? They are walking away with something versus like just pitching digital and online courses and all the things, right? They are walking away with something versus like just pitching digital and online

courses and all the things, right? It's like, how can you give a system or a template or something they're actually going to want? So one of the big things that I do, and if you go stock my Instagram, you'll see this, but I do reels. And in my reels, I'm just talking about dancing or doing anything crazy. I just talk. I give an objection or I give something that I hook them with something, right? I mean, it could be something silly. I'm just gonna make this up, but it could be something silly about like you're losing money if you don't have an EA. Like it's like attention CEO. You're losing money if you don't have an EA. So I've hooked you to be like, wait, I don't have an EA. I want to listen to this, right? So now you start listening. And I'm like, listen, every CEO needs an EA, here is why. And I give you value where you are thinking, okay,

I need to hire an EA. And then maybe at the end of it, I say, and if you want my EA job description, completely free, just comment below the word EA and I'll send it to. This is blowing out my business. Because here's the deal. It's not some stupid freebie that you're never gonna do anything with.

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Just go to fixswollenfeet.com slash confidence. When I'm hearing you describe that, it's reminding me of a strategy that I have been developing over the last year to drive downloads for my podcast. And so we've done a ton of different things on LinkedIn where I had the largest, most engaged following. And so this DM strategy where my team was, you know, in the background testing and trying different copy that they would reach out around,

some around, oh, we saw that you like Heather's posts if you want to hear her talk about this topic. Click on the link and she'll speak to you about it and it's a podcast, right? That one didn't do that well. Then we tried, oh, saw that you like Sarah Blakely's posts because they commented on it or whatever. And thought you might want to see this amazing interview

she did with Heather Monahan. There's some great takeaways. That one is the highest kind of work. Wow. It's insane, Stacy. Why did that work versus all these other ones? I have no idea, but the only thing I do know for sure is that you have to constantly be testing and trying, even if it sounds like it's a crazy idea, I don't know, I just have to test and try. And like you said, look back at that data to steer us and make better decisions. And what's really weird is we're testing these

and then we're picking our winners and we're running them as a Facebook ad, like a real ad, right? And the ones that are winning organically are not winning on Facebook. So we'll have different winners organically than we do with paid traffic. So you've just got, you cannot just assume,

oh, like, oh, we should run that as an ad with Sarah Blakely. You can try and then you have to test it and see if it actually does well. Because just because you split test it over here on one platform does not mean that's the thing that's gonna work on the other platform or in paid versus organic. So that's why I say like tracking is the secret sauce.

It is everything you need to be doing on a daily basis. And so what are your thoughts on paid versus organic growth for anyone in business? Yeah. So right now, really, I mean, we are spending 80% of our time organically. And when we're doing it organically, we are then looking at what are the winners coming from our organic traffic.

We then go to Facebook and Instagram. And we are having a very, very small budget because we're doing mostly video views and getting people warmed up to us. So I'm not spending, I mean, I used to spend tens of thousands of dollars in month on Facebook ads. We do not do that anymore.

It is just a different ballgame, which is great because our expenses dropped drastically, right? So we're really just warming them up, getting people to watch our videos. And then from there, we can do that same, you know, executive assistant posting and at people comment, all of a sudden, not we're driving paid traffic to that post and can do the same thing with DMs. That's so interesting.

Tell me about automation and what your thoughts are in that because I have gotten some terrible feedback from some of my automation strategies I've implemented and then I have some that are working okay. I am a big believer in automate anything you can, but when it comes to clients and potential clients, sometimes it's just not as effective, right? You have to really weigh the pros and cons and you also have to test.

So do something manual, see what your results are, and then do it automated. Maybe it doesn't convert as well, but the volume is there that the outcome that you're looking for is higher than your manual, right? Are some people going to hate that it's automated? Yes, but what you're looking for is that end result. Where were you able to serve at your highest level? So I love automations. I'm all in. Somebody had said, why aren't you using, I mean, I'm using myself in real people in my dams. And people are like, well, just use money chat or just use a lot of missions.

It's like, well, then it's not custom. And we have custom conversations in our DMS, right? We're really helping people in coaching them and you can only do so much with like money chat and places like that, right? So because I'm a bank tracker and I can see my results, I don't try to fix something that's not broken, right? I am leaning in to what is working for me at this moment

and to me it's that manual strategy. Will at some point it become a lot less effective? I'm sure because as you know in this online world, you've got to ride waves as they're happening and then once everybody starts ruining the wave, you've got to fix something and go someplace else. So we're just really trying to diversify and be smart about it.

Like when you say you love LinkedIn, I'm like, okay, I should be on LinkedIn more. Like, why am I not doing that, right? And I just know that little by little, we've got to keep adding on. So we're not just one platform with one product, with one strategy, because we just don't want to be that fragile.

Guys, for anyone listening right now, if you are not on LinkedIn five years ago as the right time to get on today is the only time. Get on there today, Steezy. This includes you. It is the only algorithm. I'll just not like, but show up every day. Okay.

It's only algorithm that you can grow organically so fast. I coached this woman last year and she had no presence on LinkedIn at all. She now has, as engaged following as I do, I think she has maybe 80,000 followers and I mean her engagement is off the charts and she doesn't all of herself. So it really does not take a lot of time. You want to grow quickly in a community where business is getting done and people are talking about business, get on LinkedIn now. And LinkedIn also has a great feature. If you're saying, oh, I don't want to go pay to, you know, use automation to test it.

One of the ways that you can do it for free on LinkedIn is, and I've done this before, if I change my title, right? I do this strategically whenever I have a new product launch or something, I change from author to, you know, whatever I launch to candle line. So I'd then put, oh, co-creator of blah, blah, blah. Immediately, a notice goes out to your entire community saying, hey, Heather just changed her job. Do you want to say congrats to Heather?

And so what happens is a large percentage of people will go to your DMs to find out, like, oh, what's this all about, Heather, or like, I want to have a conversation or I want to buy or whatever, you can set up there's a feature in LinkedIn that says, set a way message. And so you can go in there and set, you know, for the next seven days, I want to put this notice out.

Hey, I'm swamped right now with the new candle business. If you'd like to order your own custom candle, here's an opportunity for you to do that with a 20% off coupon. No, this isn't me. This is automation because I am producing candles for you. I'll get back to you soon. And now here you presented an opportunity

for a conversion without going to the past to you. Okay, I'm obsessed. I love it. I will go stock. Your LinkedIn will be done. Okay, but all right. So to that point, in with social media, it doesn't have to just be LinkedIn.

One of the things that I noticed in my business, the majority of my needs come from social media, which then my goal is to try to convert them into my email list so that I can have some level of ownership, right? Is that correct process, Stacy? Yeah, that's, I mean, that's what, not that there's not more than one right way to do it, but that is what we are doing as well. Okay, so that's my goal. Well, I started looking at, oh yeah, my numbers are growing and I get more shares than likes and followers than anyone. Yay! Okay, but what does that mean to my bottom line?

So I had to sit down with my social media team and every month they're cheering, oh, we're growing, we're growing. Great, but here's what is important to me. I need to drive more revenue. I need better prospects, better leads. I don't just want anybody anymore. I'd rather get less likes, less followers

and get the right ones that might convert. So we started to your point, massive tracking on everything. And for anyone who's ever had a post go viral, one of our new strategies we implemented is on every viral post. Once it hits the couple hundred thousand likes, we go in and alter the post because it's already being picked up on the algorithm.

And we include a conversion link right in front of everybody's eyes. Okay, I love that so much. And when you bring up about the social media, it's not about likes and followers. One time we have like a record week. And our Instagram following went down. And I had to show the team, do you see that growing Instagram does not mean growing our bank account? In fact, we shrunk for some reason last week. But we made more money than we've ever made in a week, right? So we have KPIs, key performance indicators for every role. And social media, a lot of times people will have Instagram following, like the growth, right?

The likes, the comments. For us, what we're looking at is first engagement, right? I'm not looking at likes and followers, but I'm looking at engagement because you do want people to engage with your content. I'm looking for a number of comments under what we call our CTA posts. So when I do those reels and I say comment the word this, those are leads, potential leads.

So to me, I do count comments when they're literally raising their hand to say, I want your thing. And then from there, I look at how many of those people that raised their hand booked a console. Because once they book a console, it's out of social media's hands. Like, they have done everything they could to get to draw you in and get you on your way to booking a console. But once they pass you off to other parts of our team for sales, like that's where their KPIs stop. So now that they're focused on,

how do I get people on a call with one of our specialists? How do I, now it's like they're thinking a whole new way of posting, engaging their calls to actions, all of it, because that's what they're getting measured on. So your process looks like creating content to build some expertise, some credibility in a relationship, call to action to find out who's interested in could be a potential lead, and then converting that potential lead into a customer discovery call. Yeah, so we're qualifying them in the DMs.

Not everybody gets offered a call because if they're just not the right fit, like sometimes people raise their hand for the executive assistant and they're an executive assistant. But they just wanted to see it, you know what I mean? It's like, okay, do not let these people jump on it because we're giving coaching and strategy and like, no, no, no, this is not a good fit. So then we, they qualify them in the DMs to then decide who gets to jump on a call with one of our team. And then from there, our team over the livers gives value and people naturally say, so like, what does it look like to work with you? Or tell me more, right? And now all of a sudden, we're converting from what started as just like a simple post about grab this if you want it.

Okay, that was a great piece that I miss. Qualify that prospect before you waste your time getting on that cup. Say you have a business idea, but you're not sure what to do next. Don't go into debt spending four plus years on a degree, listen to the Millionaire University podcast, learn how to run a successful business and graduate rich, not broke. Trust me, you need to check out this podcast. The Millionaire University podcast is hosted by Justin and Tara Williams,

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Kruger, fresh for everyone. Can you share one strategy to help increase existing client retention? Existing client retention. Ooh, I love client retention. Okay. So first, stop thinking of just like new people, more people, right? Think about who you already are serving and what does that look like. I think it's all about people not wanting to get more of the same thing.

People want new stuff. Let's say somebody has a three month program and you're like, five for three more months, they're thinking, I already have it. It wasn't working, but let's be real. They didn't work it and then it didn't work. So that's what they're saying, right? Which you want to share with them is what is coming on the other side? Like people feel fomo. So you want them to understand what they're going to unlock by retaining with you, by staying with you. If all you're doing is letting them keep the same thing they already have,

people at some point are like, no, thank you, right? Unless they happen to be your rocks or clients already getting results, right? So what can you do to let them know when you do this, you'll get this, right? So I like to even say phase one, phase two, next level, right? Because when you hear phase one, you don't think, oh, I have everything, you think I'm only in phase one, phase two, next level, right? Because when you hear phase one, you don't think, oh, I have everything, you think I'm only in phase one. I wonder what's in phase two, right? So we

even also will sometimes unlock alumni, Facebook groups where you don't even get in to the Facebook group with certain players in our in our community, right? Until you've been in our programs for a certain amount of time. So now you're in advanced level conversations. You're not with the newbies that joined yesterday, right? So any language around next level, next phase, that's gonna be really helpful for them to see how they can ascend versus just stay with you. Oh, I love the phase one.

I'm not used up, but I definitely am gonna use that now. For sure. Markets can be saturated. Can you share with us a way to create or position ourselves as a best seller to stand out in a crowd that's busy? I actually heard Steve Larsen say this, and I loved how he said it,

because people always say, like, find a blue ocean. And he's like, no, I actually go to red oceans, but I become the blue ocean opportunity in the red ocean. I'm like, oh, game changer, right? So he's saying saying go where it's saturated and look at what's out there and then find out what's missing. I just did some market research and I went to a lot of people that I know that went to my competitors before I was ever around. They didn't know me. And I said, what did you love about them and why didn't you stay

with them? Because a lot of people go and then they don't stay. And I started to hear, well, I really wish they had this. Or if they would have had that, I probably would still be using it. I start writing down all the things my competitors are missing versus all the things they have. Because a lot of us look at our competitors and go, oh, they have this, I'm gonna have that.

It's like, but that's not helping somebody who's maybe comparing you, right? So you wanna have what they have, but you wanna go above and beyond and different angles. So I think that's probably the biggest thing is, what is out there? We do SWOT analysis on our competitors all the time. We're doing a team retreat next week,

and one of the activities is everybody's bringing their computer, and they need to go find our competitors. Find a new competitor we've never heard about, because trust me, there's a million out there, right? So start googling certain phrases and then tell us, what did you Google that popped him up or how did you find this person and then go find reviews on them and find their Facebook group and what are people saying and go see

their testimonials. Like we need to use that information to see who are we up against and how do we become the blue ocean opportunity in this super saturated market? We break down for everyone listening what is what analysis is. Yes. So it's strengths, weaknesses, opportunities, and threats.

And the way that you look at that is strengths and weaknesses are internal. It's about me or the company itself. Opportunities and threats are external. It's about what's around in the marketplace competing for their attention. So you literally look, you do one on yourself and then you find a competitor and you say,

what are their perceived strengths? What are their perceived weaknesses? And then again, you do it for them as well. Now, we're guessing we do it for them, right? We can only use as much knowledge as we have, but for us, we can be super honest and share well, we're really fragile in this situation or we really don't have this set up right,

or we're maxing out on our capacity and, right, you can really get deep here and then figure out how to fix that. Oh my gosh, we can talk forever, but unfortunately you're the busiest woman in the entire United States and I know I need to let you go. So tell everybody how do they find you, where do they get the pie,

how can they work with you? Okay, so the podcast is foot traffic. That's by far probably the best place to go. We're dropping three episodes a week right now. So it's loaded with content. And then Instagram is my personal favorite place, not LinkedIn yet, but Instagram. So if you go to at Stacy Tushal, you're going to find me there. If you want to experience all of the stuff, go find out our reals.

Go check them out and see how that works and what that process looks like. If you want to be nosy and see, it is a game changer for us. I do have stuff on LinkedIn. I'm just not personally like there, but I'm doing LinkedIn lives and all of that. So I do have content over there if anybody is a huge LinkedIn fan listening to you. And if people want your business coaching, is that one on one coaching, is that group coaching, and where do they find that information? Yeah, so you could go to well oiled operations.com. So that's basically what our signature method is and how we get people to become a well-willed machine. So well oiled operations.com. And all the details are there, even if you go to Instagram, like we are very called to action heavy. So if you ever want to work with us, you're going to see it and find it and be able to direct you to the right place as well.

Okay, start using call to actions and everything you're doing. Yes. This is the Do not become successful by accident. This is definitely strategic. Congrats to you, Stacy, and thanks so much for being here. Thanks, Heather. So fun chatting. All right, until next week, keep creating your confidence. I'm Jennifer Cohen Jennifer Cohen host the top ranking business and Entrepreneur podcast Habits and Hustle apart the Yap Media Network the number one business and self-improvement podcast network So most people live the life they get and not the life they want and I'm here to change all that My goal with each episode is to give you

the habits and hustle tips you need to show up to your life better, bigger, and bolder. Tune in now, and I'll not only help you answer the questions like what do you want most in life and why don't you have it, but we'll also help you make it a reality. I also picked the brains of top thought leaders on how they've gone to the top and the advice they have to help you make it a reality. I also pick the brains of top thought leaders on how they've gone to the top and the advice they have to help you get there too. Head over to Happetson Hussle once you've done listening to this episode and get one step closer to boldness, one episode at a time. Weddings are a celebration of finding the perfect fit. And with Indochino, you can design a custom suit made to your measurements.

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