The Game with Alex Hormozi - My Best Sales Advice From Selling $100's of Millions | Ep 738

Episode Date: September 2, 2024

In this episode, Alex shares his best trainings, workshops, and videos having to do with sales. Alex has sold $100's of Millions, so this is not something you want to miss.Welcome to The Game Podcast ...where we talk about how to get more customers, make more profit per customer, and keep them longer, and the many failures and lessons we have learned along the way to $100M in sales. We've got roll-up-your-sleeves kind of hustle with a little bit of cleverness and a lot of heart.Follow Alex Hormozi’s Socials:LinkedIn | Instagram | Facebook | YouTube | Twitter | Acquisition

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Starting point is 00:00:00 This is all my best presentations and videos on sales. You could call it my ultimate guide. Enjoy. Selling with logic to make lots of money. And I think there are different selling styles. When I, because I've trained a lot of sales teams, we've built a lot of sales teams, sold a lot of different industries now. People sell differently.
Starting point is 00:00:21 Who here would consider themselves like an emotional seller? Like you get emotionally invested in the prospect, you get them to cry, anybody like that. You know what I'm saying? Cool. Who here is somebody who is more of a like, I'm not gonna let you leave. Types of those, but you know who you are. Just raise your head. I am that way too sometimes.
Starting point is 00:00:41 All right, just me, fair enough. And then the third is kind of logical selling, which is like let's just talk through this. And if it makes sense, let's do it. And if it doesn't, no worries. Between those three types, I tend to actually be more of a logical seller in general. And I've gotten a lot of acclaim, rightfully or not,
Starting point is 00:00:59 That was wild. Sorry. I actually have a fear of birds. So this was about to be a very short presentation. And so a lot of my success using logic in sales has given me a lot of acclaim. And this is the first presentation that I've put together. So this is just for you guys.
Starting point is 00:01:22 This is a brand new presentation. Because I've been thinking about reverse engineering, what are the things, what are the frameworks we think about to get to yes, right? And the yes that I want from somebody is not a yes, I'm going to buy, but yes, I'm going to decide. And I think if you can delineate that for yourself too,
Starting point is 00:01:38 it takes a little bit of the pressure off selling. Because my goal is to give this person power. And you have to understand what power is in order to give it. Who here knows the definition of power? Go for it. I love that. Thought to existence is what he said, which is actually a really favorite way.
Starting point is 00:01:58 So the dictionary definition is the ability to influence or direct events or people. That's a dictionary definition. But I love how you said it, because as I see omnipotence, so God, or a God figure, would be as they think it appears. So the distance between thoughts and reality, there is no distance. That would be an omnipotent being. If he thinks the world, the world exists.
Starting point is 00:02:21 And so as we take steps towards that as the ideal, we become more powerful. And if we can do that for our prospects, we can allow them to step into the person they want, be and make a decision to own their shit one way or another. Does that make sense? Cool. All right, so let's rock. So this will either be the best presentation on sales you've ever heard, the worst presentation on sales you ever heard, or somewhere in between. That is a promise. All right? And so I thought it would make sense to start with this. We have a high, this is
Starting point is 00:02:52 Charlie Munger, who's probably like my number one hero in this season of my life. We have a high more responsibility to be rational. And I think that getting some, someone to rationally decide is important because emotional buyers oftentimes get excited, the buy, and then who's had somebody who calls them two days later? It's like, I don't know why. Anybody? Raise your hand. Just so you know you're not alone. Okay.
Starting point is 00:03:13 And what happens is, it's just like dating, I think Layla talked about it yesterday. If you have a rational foundation for a relationship or a decision, when the emotions fade, the logic will continue. And so it's good to answer both sides of the decision-making process. The short-term side is the emotion that gets you to decrease your rationalization. threshold and take a step. But the logic is what makes it stick and actually makes a great customer. And so for me, and I think that the further along you get in business and the higher up you get in business, the more you'll see people who tend to make more logical decisions,
Starting point is 00:03:44 more logic first decisions, and fewer and fewer emotional decisions. So what does being a rational, what does rational logical have to do with selling? Well, you have logical buyers and you have emotional buyers in general, right? Most people sit on this continuum one way or the other and emotionally people want to believe you people want to buy you must help their logical brains justify the decision that they already want to make think about it that way they want to buy from you you have to help them all right so who here identifies actually i'll skip through this emotional logical you're probably in between anybody in between these two anyone all right then you'll love this
Starting point is 00:04:30 So, before we get started, I thought I would give you a few beliefs about selling that have served me very well throughout the years. Number one, people want to believe you, they want to buy, you must help their logical brains justify the decision. Two, selling happens before you ask for the sale. Closing happens after. So you're selling for a lot longer period of time. But the moment you kind of like take your pants off and you're like, this is what it is,
Starting point is 00:04:58 that's when you're closing. Right? You have now solicited. Now you close. Three, it's easier to handle obstacles than objections. I'll get to what the difference between those are in a second. That being said, expect and plan for no. It is not failure.
Starting point is 00:05:21 It is expected. So stop being surprised. This is one of the first things we talk new sales guys into is expect no. That's not like, that's a part of this. If they already were going to say yes, then you are not necessary. No is the job, right? If they could make the decision on their own, they would just send you the money. Right?
Starting point is 00:05:41 The reason they're struggling is because they can't and they need your help, which is why sales is actually the first step in coaching. And I see sales as power. If you can have the ability to direct or influence others, that is power. And I feel like it should be made much cooler than I feel like. it is. Five, if you didn't get a gasp from a price tag, you didn't go high enough. This is another belief. So for those you were afraid to raise your price, if you're not getting gasps, you're not going high enough. Straight up. And when you do it that way, you can always walk
Starting point is 00:06:15 down and have a beautiful price anchor. When you say $100,000 first, a grand feels like a rounding error. It's true, but when I say $10 first, like I'm saying it right now, $10, and I say $1,000. Sounds way fucking bigger, doesn't it? So you've got to get the gasp, and you've got to train your guys if you have a team. They have to be comfortable with the no, and they have to be comfortable with the gasp. They've got to go for the gasp.
Starting point is 00:06:39 And be like, dude, you should have heard the gasp on this one. Right? There we go. Seven. Selling properly is the first at becoming a coach, right? Your first impressions and the expeditions you said dictate the relationship. How you sell, the fact that use logic in the sale
Starting point is 00:06:53 will set you up for success and your client for success in the long run. Eight, selling is helping prospects make decisions to help themselves. Like, you are helping them help themselves. That's where the power comes from. You are not helping them. You're helping them help them. See the difference?
Starting point is 00:07:07 It's nuanced, but it's real. Nine, keep the prospect, not the sale as the priority. It's not about us. The more you can vanish in the sale and magnify them, the better your selling conversations will go, because it's not about us. they don't care about you. They only care about them.
Starting point is 00:07:28 And they will talk about themselves as long as you'll let them. This is a really important one, especially when you start to getting into closing. Seek to understand, not to argue. And the way that I train our sales teams around this is childlike curiosity. So when someone says, when someone objects to something, it's like, huh, that's so weird. I wouldn't have thought that.
Starting point is 00:07:50 Tell me more about that. Right? And you get to be able to maintain that childlike curiosity. the same way they train fighters to not breathe too much during a fight through exposure. The more times you get into these uncomfortable, high stakes, closing scenarios, the less weird and high stakes they become because they become what you do every day. And the good thing is you get to have this conversation hundreds and thousands of times, and they only get to have it once.
Starting point is 00:08:18 So you fucking better be better at it than them. Closing is a dance, not a fight. It's seduction, not wrong. rape. I mean, I'm being super serious about this. The goal is not to beat them into submission. The goal is to sell from your back foot. It's like, I'm good. I want to help you help you. And if that means not doing this, then I fucking love it. I'm with you. I'm on your team. And I'll give you a bullet around that in a second. Selling is a transference of belief over a bridge of trust. Therefore, there are two things that are required. You must believe,
Starting point is 00:08:55 so that you can transfer it, and you must have trust to make the transfer. Because if you truly believe, and a lot of times, anyone been on a hot streak when they're selling? Anyone? Anyone who just had their hand up, ever been on a cold streak?
Starting point is 00:09:11 Most times, you go from hot to cold, not because you forgot how to sell, but you stop believing in while you're selling. You have the same skills as you did the day before. But sometimes you get a text, you get an email, get a pain-in-the-ass customer, you ask for a refund,
Starting point is 00:09:24 whatever the hell it is, right? And then you question yourself. And so that bridge might have been created, but there was nothing to walk across it because your cup wasn't full. And so that's why, especially it's you in the beginning, but your team's over time, the process of filling conviction
Starting point is 00:09:38 is one of the easiest and best ways to increase someone's closing percentage. Better than any of the training in the world. If you get someone to believe they will sell the right way because they're doing it not to make the deal because they want to help the other person. 16. You can only build trust
Starting point is 00:09:53 if you generally want to help. And humans are exceptionally good at sniffing out intention. It's a survival mechanism. You have to know if someone's trying to double cross you. We're very good at smelling it out. And the reason a lot of you guys can't close is because you only care about closing. Belief and trust are a continuum, not binaries.
Starting point is 00:10:09 So it's not you believe or don't believe. It's not they trust you or don't trust you, but how much do they trust you? How much do you believe? How deeply do you believe? Because anyone ever been around somebody who just believes balls to bone something that you think is bat-shit crazy? I mean all the way.
Starting point is 00:10:26 So much so that you start to question what you believe. That's what real conviction does. 18, closers ask hard questions, and it's because you genuinely care. That's why you do it. It's why we're here. Who here wants to impact thousands of lives and help people? Then you've got to fucking ask hard questions. Because it's the only thing that's going to actually peer someone's hard and actually get the transformation to happen.
Starting point is 00:10:49 If you cannot have transformational conversations, you cannot coach. And this is the first step. The person who cares the most about the prospect wins the sale. That includes them. So if you care more about their well-being than they do, you will win. And if you are more convicted, they will question their own excuses because you are so certain. A little tip, a little nugget for you. Record all your sales, by the way.
Starting point is 00:11:17 Because when you do get on that hot streak, right? When you get on that hot streak and then you get cold again, watch your hot streak. watch your hot streak. See where you pause, what jokes you made, when you asked for the sale, when you didn't, how you overcame it, and it'll get you back in the flow much faster than trying to question yourself, what do, what do I do? Always report all your sales. It's also the easiest way to train new people.
Starting point is 00:11:38 And then lastly, 21. Power is the ability to direct or influence people. If you want to be powerful, you must understand this skill. And that's what we're going to talk about. Cool? Awesome. When does selling happen? Does it happen when they're a lead?
Starting point is 00:11:55 Does it happen when we're qualifying them? Does it happen when we solicit the sale? Does it happen when we close the sale? When does the selling happen? All the time. The entire time selling is happening. But what are we going to talk about today? Just this.
Starting point is 00:12:11 Just closing. Everything you have to do after asking someone to buy. Why are we doing that rather than the entire process? Beyond the fact that we'd be here all day, The other reason, and I love this, is that closing has one of the highest predictors of success in business. And here's an analogy for it. Everyone familiar with the NFL? Great.
Starting point is 00:12:33 So here's an insane statistic. The top five red zone offenses in the league, now, last five years, made the playoffs 90% of the time. Here's why this is interesting and crazy. There's a million other stats. They could have horrible defenses. They could have terrible coaching, they could have a terrible, whatever it is, right? They could have all these things that are wrong with their, they could have terrible session teams, whatever.
Starting point is 00:12:58 But just this one set, if they're in the red zone, they fucking close. And I can tell you if you have this ability, if you have the skill, it will make up for a tremendous amount of deficiencies in other areas of your life in business, and it will buy you time to learn those. But if you can't close, it's very difficult to grow in business. especially in the beginning because it's probably you. That's why we're talking about closing. Why is this important from a money-getting perspective?
Starting point is 00:13:27 Well, first off, if you have 100 people walk in the door, 10% are never going to buy. Just accept that, right? Problem is you don't know which 10% it is. But 10% are ever going to buy. 10% are always going to buy. You just got to not fuck it up. And most of you guys, these are the only sales you're getting.
Starting point is 00:13:44 They're like, well, I'm already here. My friend told me about you. I have my credit card out. And some of you were like, well, you know, let's make sure, you're like, shut the fuck, just take the card. You know what I mean? Like, shut up, right? That's like, hey, my friend's so awesome. You got to meet him.
Starting point is 00:13:58 And she's like, oh, my God, he's great. And then the guy starts talking and she's like, oh, just kidding. You know, like, terrible, right? But this is what we fight for. This is what we train. And if you want to make a big impact, that's what we're fighting for. It's the middle 80. Why this presentation will make you money?
Starting point is 00:14:16 If after this presentation, you just have one more bullet, one more. one more play in your arsenal to close, where I get you one more deal a month, I'll feel like my job was done. All right? And hopefully, if you just do that, it'll pay for your entire weekend. All right, that's my goal for the presentation.
Starting point is 00:14:30 That's my goal for the presentation. That everything that you guys have done for this whole weekend is paid for. Is that cool? Fair outcome? All right. So this is one of my favorite sayings. You're only one decision away from changing your life forever. And whenever I feel overwhelmed,
Starting point is 00:14:43 or I feel like I'm decreasing, like I feel powerless, or I feel like I have less power than I want to have, I always say this to my life. myself because it's like I can take one decision and change fucking everything you what I mean like I can I can drink a bottle of jack get in the car I can change everything with one decision right I can make a step to to invest in something I can buy something I can invest in myself I can I can have a terrible
Starting point is 00:15:04 conversation with Layla I can an amazing conversation with Layla but just one decision and that's always giving me power but the thing is is that instead of changing our lives we blame when I say blame I want you to think give power to source is outside of our control. And this is what you and this is what your prospects and your customers are doing. And this is why so many people are weak and powerless. And so we're going to do a fun activity today because I want you to be involved so you can learn it. And we're going to do this so that one, you can help decisions to help yourself with whatever decisions you're facing.
Starting point is 00:15:35 Two, you can use these frameworks to help themselves. And then three, become more powerful. So, but rather than keep this hypothetical, I need you to visualize the decision that you need to make. All right? You do that for me? Fantastic. And this is why. I want you to actually think through a decision together because this is a statement from Confucius. I hear and I forget.
Starting point is 00:15:57 I see and I remember. I do and I understand. So my goal here isn't for you to take screenshots of every picture or of every slide. That's not my point here because the thing is when you do that and you kind of, I mean, this is why I do it, I take pictures so that I don't have to remember it. But I don't want you to remember it. I want you understand it. If you understand it, you won't have to go back to your nose.
Starting point is 00:16:17 because let's be real, half the time you're not even going to open these notes up again. You're here now with me. Try and understand. If you do that, it can change your life. Because what we're going to do is not going to be some scripts that you have to understand, but the logic behind the arguments that people will give you as to why they are not choosing to become more powerful. And if you can unlock that, people will feel more powerful talking to you, and they will want to buy it from me because of the feeling they have.
Starting point is 00:16:40 Does that make sense? And so that's when you're using logic to create an emotion. So here, here's an easy one for you. Anyone here presented with the decision last 24 hours? Yes? Great. Fantastic. So who thinks a decision could change your life for the better?
Starting point is 00:16:53 Great. For the worst? Who knows? All right. Let's go. So here's my goal. I want to show you as though you were prospect how to think through a decision and help others using these frameworks, right?
Starting point is 00:17:02 What you want, what you don't want. Maximize the left, minimize the right. So here's what this is translated to. If you decided by the offer, you feel more certain about your decision. If you decided not to buy the offer, you feel fucking certain about the decision. and if you're undecided, you make a fucking decision, right? And you feel good that it's the one that is the highest likelihood of getting you close to where you want to go.
Starting point is 00:17:23 And this is what we have to walk through with our prospects. When you're looking at them, you have to be like, I don't want you to buy. I want you to decide for you. Not for me. I'll be the same either way, right? You're like, I'm going to be ripped and in shape. It's not going to change me.
Starting point is 00:17:38 That's not going to change. But like, it will change for you, right? So, quick note on sales ethics, and then we'll dive in. helping someone make a decision to help themselves does not mean by and for me. That's a reiteration. You have to keep their goals at the center of the decision. And you should be happy. I mean this.
Starting point is 00:17:52 Because if you can shift this truly, if you can be happy when someone decides to own the power and not work with you, then the pressure around sales disappears. It evaporates. There's no stake. The stake is, did I help them? Does that make sense? And that means that you can win every sale. Because you change the metric you're measuring yourself by.
Starting point is 00:18:11 That's the superpower. power. And that's where you do make the most sales because you don't care about the sale, because you care about the person. And the people pay the people who pay the most attention. So I call it paying attention. They pay for it. They pay for you to pay attention rather than talking about yourself, right? Because they don't care about you. Because they're thinking about 100 other things. And this is why. Most importantly, make high stakes decisions to help your prospects in order to best serve them. Okay. So I told you earlier I was going to talk about the difference between obstacles and objections. A couple of you guys raised your hands.
Starting point is 00:18:42 hands, but the differences, I'm not going to ask, I'll tell you what it is. Obstacle is a thing that blocks one's way or prevents or hinders progress. When you disagree with them, that is an obstacle. This happens before you solicit the sale. Someone says some bullshit before we even get to the sale, that's an obstacle. A simple example I hear all the time, hey, why'd you hop on the call today? Hey, why'd you walk in the gym today? Whatever it is, right?
Starting point is 00:19:10 Them. I just wanted to find out a little bit more about the program. First 10 seconds, obstacle. You're not here to find out more about the program. You're because you're fat. But they got to say it. So you're like, oh, so you're finding out, like, do you do this all the time?
Starting point is 00:19:23 Do you go to lots of different programs to find out information? Or is there a problem you're trying to solve? They're like, oh, well, you know, I'm trying to lose weight. Like, oh, got it. So you're not just hopping on 100 calls a day because that would be a very weird existence, right? You just hop on for information all day. Ha, ha, ha, ha, ha.
Starting point is 00:19:36 Great. Fantastic. I've had this conversation before. So it's an obstacle, right? And the thing is, it's easy to confront and destroy obstacles before you ask for the sale. Once you've asked for the sale, you switch to objections. Objections is when they disagree with you. So it's much easier to be on the other side, disagreeing and helping them break their beliefs
Starting point is 00:19:59 before the stake has been presented. After you're in the red zone, it's all closing. It's all objection overcomes, right? Example that's like, I don't want to buy it right now. And you're like, totally understand. what are the main criteria you're thinking through? Which is always funny because people are like, I need to think about it. I've never had someone leave because they need to think about it.
Starting point is 00:20:17 I'm like, cool, what are you thinking about? And they're like, oh, I'm still here. So learning how to talk through these high-stakes decisions with yourself or others is the purpose of presentation, and as a result, you'll become more powerful. Okay. So before I dive into each of these arguments, I have to make this one statement, is that the person must really want the goal and believe three things. one, which you'll get to it, there we go.
Starting point is 00:20:42 The product will get to them to the goal, comma, the way they want to get there. And I learned that second half the hard way because we found out in gym launch that people would say no sometimes to buying memberships, right? Or buying challenges or whatever. But when we offered them the ability to come back the next day, help them for free, we'd sell them $400 of supplements.
Starting point is 00:21:03 And they just said no to $100 down service thing. I'm like, what the fuck? It's because they wanted to the money. lose weight, but they want to lose weight their way. And so that's when I started learning, like, oh, not only do we have to make sure that they want the goal and they believe that the product's going to get them there, but it has to get them there the way they want to get there. This gives you ammo for the questions that you're going to ask. Does this make sense? Okay. The second thing is that you and others will support them. Like, are you telling me the truth? Is this really what's
Starting point is 00:21:33 going to happen? Will other people around me support this decision? And the third is that it will work for them and not just everyone else. Sure. I've seen the people who step on the stage, but they're different than me. I'm a snowflake. I have metabolic thyroid ketoosis, right? Whatever. I have zero influence oligur, whatever. You know what I mean? Like, I have no following is itis, right? Whatever it is, right? Whatever bullshit you tell yourself. And what you have to do in the situation is you have to provide proof so that it would be more unreasonable not to believe than to believe. And this is a logical close. This is not an emotional close.
Starting point is 00:22:11 This is when you look at someone and say, how many people would you need to see for it to be more and reasonable for you not to believe than to believe? At what point? Is it 10? Is it 50? Well, here's 1,000. Tell me when to stop.
Starting point is 00:22:25 Okay, okay, okay, great. So that's not the real reason. And then you can confront the real shit. All right? So, otherwise, if they're not sure of those things, if they don't actually want to lose weight, if you don't actually want to make money, doing online fitness,
Starting point is 00:22:38 then it doesn't matter what Jason says. You don't want to make money doing online fitness, then you're not going to buy, right? If you do want to make money doing online fitness, then you go down the train tracks. That makes sense? Okay. Again, this is why you expect no at first,
Starting point is 00:22:52 because if people could make the decision, they would have already made it. All right, now to the main course. Richard Feynman, besides Charlie, one of my favorite thinkers of all time, he was like the second guy on the atom bomb. Sounds negative. Brilliant teacher.
Starting point is 00:23:04 He's known for this. understand don't memorize learn principles not formulas and that's what the rest of this presentation is about is the principles behind overcoming these distortions that people have and so this is me asking you for your own sake don't take pictures of the slides it's because all the stuff's going to be in the recordings but you are here now so be here now so you can understand it okay so there are three sources this is a huge breakthrough for me so I'm going to share it with you this first time I've shared a life there are three sources that we cast our power to okay and it
Starting point is 00:23:34 took me a very long time to get through this because I looked at Grant and he had his, you know, you got stall, decision maker, money. And you talked to Barry who owns Sage. She was like, you got time fit, money, fear, shame. Right? Those are hers. And then Jordan Belfort's got his. And so everybody's got like, these are the only overcomes, right?
Starting point is 00:23:53 I was like, there has to be an actual truth here. Like there has to be something that's true that's unquestioned. And so trying to figure this out, I actually went back to Dr. Albert Ellis. Anybody who knew he is? No one. Great. Who here knows what cognitive behavioral therapy is? CBT? He invented it. Smart dude. And so what he noticed is that he originally had 11 distortions of reality, then he dropped it to 9, then it's 7, and then he came to 3, and the 3 stuck. And the 3 are what I'm about to share with you. And you're like, why is he talking about this about sales? Because the objections that people offer you where they cast their power to are distortions of reality.
Starting point is 00:24:32 They are the things we use to upset ourselves. These are the three. Circumstances, and this is the irrational statement that people make. I must get what I want when I want it. I must not get what I don't want. If I don't get what I want, I can't stand it. That's when people blame their emotional disturbances on circumstances. Two, others.
Starting point is 00:24:57 Other people must treat me fairly and kindly, and if they don't, they are no good and deserve to be condemned and punished. It's like your animal brain, right? Three, self, I must do well or else I am no good. These are the three core distortions that upset people. This is like mental illness, right? And so I'm not saying anyone has mental illness if they don't agree with you, it's more so that these are distortions that are not real.
Starting point is 00:25:21 And if you can understand, not memorize, if you can understand this, then you can have these high-stakes conversations understanding exactly which distortion they're suffering from. And I'll show you how to overcome them, okay? And so I like to consider the onion of blame. This is like one of the bigger breakthroughs I had. They start with the outside. They blame circumstances, time, money, other shit. And then the step next to that, they start to blame other people, my spouse, my kids, my
Starting point is 00:25:48 employees. And then finally they say like, it's me. It's my fault. And so you might have to overcome multiple layers as you peel back. And based on the objection they give you, you can know where you're at. You know how close you are. If someone just says I have to think about it, then you're like, great. I'm talking the person who's in power and the decision maker,
Starting point is 00:26:07 and I just need to get them to say yes. If they're like, I don't have, they're casting the power away. And so if you guys are probably casting your power away on decisions you need to make, which is why I'm making the presentation. Even though that these are the things that distort people's realities, because you're like, no one's ever said, circumstances are getting in my way, right? No one says that. They manifest in five ways that I want to equip you to deal with, all right?
Starting point is 00:26:29 For yourself and others. So these are the five most common excuses, scapegoats, that people use. And if you find other ones, these are the biggest buckets, because I didn't want to have 100 things here. But the big three buckets are circumstances, others and self. But they manifest with time in multiple ways, and I'll show you how, value, price, money, et cetera. Fit, I'm a special snowflake. Others, which is I don't have the authority to make the decision. And then finally self, which is, what if I just don't make the decision?
Starting point is 00:26:58 Let life make it for me. avoidance, stall. You go from surface level to core. And as a side note, you should never get stuck on the stuff near the top. And ideally, you should really never get stuck anywhere on this equation if the person wants what you have and you truly believe in what you have to help them.
Starting point is 00:27:18 And I mean that. If you understand this thoroughly, you can walk someone towards helping themselves. Okay, this is what they look like, or this is what they sound like in reality. Not a good time right now. I'm really busy, right? That's time.
Starting point is 00:27:33 Can't afford it. Too expensive. Fit. Not sure if it's for me. I hate broccoli. I can't do a plan with broccoli, right? Can't do a plan where I have to DM people every day. It's against my brand.
Starting point is 00:27:43 I'm poor, but it's against my brand, right? Authority. Have to talk to my partner, spouse. I have to talk to somebody who has more power than me. It's funny, because when you start thinking this way, it sounds silly. And then avoidance, I need to think about it. Clearly, let's think about it now.
Starting point is 00:27:58 All right? And so I told you, I want you to think about the principles behind these things, not memorize. You've got circumstances, you've got other people, and you have yourself. And we drill down. So quick test. Who here is physically in the room?
Starting point is 00:28:11 Raise your set? Wonderful. Arms are working, we're rocking. So here's my ask. Raise your hand if you or your prospects present with this distortion. So who here is a time person? I'm busy, it's not a good time, maybe in the future.
Starting point is 00:28:26 Anyone deal with these? Sometimes it's yourself, totally. So I'm also going to tell you a secret about this. this. I think the reason I got pretty decent at logical arguments is because I am inherently skeptical and I will paralyze myself from not doing anything unless I have really sound reasons to do it. And I realized that I couldn't move forward to make any progress in my life until I had these frameworks to think through these hard decisions through so I could start taking steps to where I wanted to go. It took me years to get there. And so hopefully I can give you some keys that help me unlock
Starting point is 00:28:57 my own head to get out my own fucking way so that you can too and help your clients. So the way I think about time, and there's a lot of overcomes for all of these things, what I tried to do is bunch the three biggest ones that I like to use most frequently. And if I veer from like the bullets on the screen, it's because I'm riffing with you and I'd rather just kind of stay in the flow. Is that cool? Okay, fantastic. So when you're overcoming this one, each of these is kind of a specific angle that you're attacking it from. So a macro is like, this is a busy season for me. Got lots of stuff going on, right?
Starting point is 00:29:31 Micro is like, I don't have any time in my day. So you're one person saying, I've got lots of shit going on, one person's like I can't find the time. It's different. Sounds subtle, but it's both about time, but in different ways. And then the last one is, well, when I have time, I'll start. Right? Everyone knows this fucking horseshit, but whatever.
Starting point is 00:29:49 Okay, so, as always, we never disagree with prospects because you're not in a fight. Totally get it. Totally understand. Do you think, like, do you want this to be something that lasts for the long term? Right? It's a question. You're like, yeah. Do you think that you're going to be busy again in the future? Well, yeah.
Starting point is 00:30:08 So you want this to last in the long run, and you do think you're going to be busy again in the future. Well, then don't you think it'd be best to start now when you are busy? Because if you learn how to do it when you're busy, you'll be able to do it forever. If you can only learn it during a perfect circumstance, then you're going to fall off when it gets busy again. And isn't that the time you'd want to have the most support? It goes for you guys too.
Starting point is 00:30:26 That's just number one. We've got so many lower. Right? And so when you knock that out, the goal is that the person says, well, fuck, that's not a good reason. And you take one step towards the truth. So when you're thinking about it, it's not like, oh, I've got to overcome this one thing and then they'll buy. You've got to keep peeling. And if you have this framework, you understand the direction you're going in.
Starting point is 00:30:47 And you can start listening for the, oh, they're talking about themselves now. I've gotten two layers deeper, right? So that's seasonal. Micro. You can't tell someone in a sale, hey, take out your phone, take out your hours by week. pull it up, oh look, 22 hours on social media this week. You've got time. So you say it differently.
Starting point is 00:31:05 You say, you know what, I had the same issue? And I used to complain all the time about how I didn't have time to be successful and do the things I needed to do. And my wife got so sick and tired of me saying this. She pulled my phone out and she was like, look, I guess I just found you time, didn't I? I was like, ah, fuck. And you can say it that way, and then a prospect feels better. Does anybody here feel like they don't have time?
Starting point is 00:31:23 Right? And the first thing that any program is going to do, if it's a good program, is it going to cut out the 90% of the shit that you are doing, which is causing you to feel overwhelmed, which is probably the real reason you feel like you don't have time. Jeff Beazel got the same time you do, right? It's just, what are the things that you're doing that he's not? It's not about adding shit to your plate.
Starting point is 00:31:42 It's about removing the stuff that's not working. Because clearly everything that you're doing that's filling your time is not making you more money. So you're doing the wrong shit. So there's going to be plenty of time because all the stuff you're doing now is not working. Right? Sounds simple. But that's the reason, right? So we want macro, macro?
Starting point is 00:31:59 When then? Hey, in the future, when I've got time, I'll totally sign up for your program. Anyone heard this one? Anyone say this one? Right? And again, you want to empathize. You don't say like, oh, that's bullshit. You say, totally understand.
Starting point is 00:32:16 I was stuck like this for years. If you can step in their shoes, you're not attacking them. You actually go from the inside out. You step into their self, and then you walk them through the epiphany that you experienced. And it doesn't feel judgmental, it feels helpful. That makes sense? I used to feel the same way, right? And I found this out actually from Jason Fladley,
Starting point is 00:32:34 and he was the one he told me this. It's a logical fallacy. It's called the when-then fallacy, which is why that's how I remember it. And the when-then fallacy simply states, when I have X, then I will do Y, but it flips sequence. So it's like, when I get better, I will go to the hospital. Sorry, there's just so many, like, hilarious ones about, like, money and stuff. Like, I will start saving money once I'm rich.
Starting point is 00:32:55 Like, all right. The thing is, is that we do this, right? We do this. I'll pay for the program that'll make me more money when I have more money. That's the point of the program. I'll pay for the program that'll help me get a six-pack once I have a six-pack. Once I have more time, which the program's going to help me have, you know what I'm saying? Like, it's just, it doesn't make, it's a fallacy.
Starting point is 00:33:16 And so what that means is it's a distortion. It's not real. And so the goal of having these high-stakes conversations is simply showing people. We're not attacking. We're just walking them through it and be like, do you realize that this is holding you back? And I know this better than anyone
Starting point is 00:33:32 because I'm a skeptical motherfucker. The reason I can do all these logical things is because I'm the first person I'd overcome. Right? And you might be too. So once we attack time from these three angles, it depends which one they present with. If they present with one and then move to the next, you can knock all three out.
Starting point is 00:33:48 You'll probably find some that make the most sense to you. but the thing here is it's not about memorization. You just got to get it. Macro, you're always going to be busy. Won't you want the most help when you are busy so they can stick forever? Yes, time. My wife showed me my phone.
Starting point is 00:34:02 Turns out I got fucking time. But the reality is, it's not about what I am doing. It's about the stuff I've got to stop doing. And that's what I'll help you with. Right? This isn't scripting. This is just understanding it, right? And then when then?
Starting point is 00:34:14 It's a fallacy. It's a distortion. It's not real. And then just use two crazy examples. Like, once I have money, then, or I'll save money when I'm rich, right? It's just like ridiculous. Okay.
Starting point is 00:34:23 So what did we do? One reason down, and we're getting closer to the core. Right? Right. So who here is somebody who's like, I can't afford it, it's too expensive or has heard this from a prospect? It's like, I better see everybody's hands. Especially if you're selling a high ticket,
Starting point is 00:34:40 which hopefully you get a gasp. So these are the four frameworks that I think through. There's a million like money closes, but these are the ones that I like the most. and that to me resonate the best, right? And so why a lot is good is kind of like my first one here. And so the reason that if someone gasps or think that this is a lot of money, you just ask them, is this a lot of money to you?
Starting point is 00:35:02 And they're going to say, yeah, if they say no, then you're like, awesome, buy it. And if they say yes, right? And if they say yes, then you're like, that's the exact reason that you're going to be successful. Because there's other people who buy this thing and, you know what, they're not all in on it. But the question is, do you want to draw the line in the sand and go all in? Do you want to step over the line and be the person you want to be?
Starting point is 00:35:21 Because I can tell you that this is not about whether this works or not. I've already proven that. The question is whether you work or not. And so if you put more on the line, then you have a higher likelihood of being successful. So you should be the last person to be worried about this. I'm more excited because the best stories are always coming from people like you in your exact situation. So don't let that be a reason not to do it. That should be the reason to do it.
Starting point is 00:35:41 So the next one is like, why is this not a lot? So first is, the fact that it's a lot for you is good. It means you're going to try hard. The second one is like, well, it's a lot in terms of absolute amount, but relative amount is very little, right? Because if all this does, is that at $10,000 a month of your income? Is it worth it? If all this does is get you into a bikini, is it worth it?
Starting point is 00:36:04 Yeah. And so then what happens, and the reason that this is a stepping process, right, is that we're just taking these objections out of the way so we can get the person to confront reality and out of distortion they've created because the reality is the thing they're afraid of. And so what happens is when they say, yeah, if they did that, it would be worth it, right?
Starting point is 00:36:24 The problem is they don't believe you, right? And so it's like, great. Then it's not about the price. It's about whether you believe me. So you can sidestep it. Does that make sense? We're taking a step closer. And then obviously you can use a comparison,
Starting point is 00:36:36 depending on what you're selling, if you can price anchor with like, well, here, they don't have a four-year degree for doing online fitness. That's why the alternative education industry exists. And it's because the formal education has failed most of us. Anybody graduated here with a four-year degree? Anyone immediately be able to use that four-degree to get leads, make sales?
Starting point is 00:36:56 No? Me neither. Right? And what's crazy is that some of these degrees are $50, $200,000, $200,000 and take four years when you've got something that can help you make, make that entire amount of money in half the time, right? right for a tenth of the price when you think about it like that frame it's actually a great deal so that makes sense so you just frame it you have to give context all right so number one is the fact that it's a lot for you is good means you're actually going to try number two is if it does what we say it's going to do the value is there so that's not actually what you're opposed to which then we can take the next step all right number three is what's money good for anyways this is actually one of my favorite lines of reasoning for variety of reasons and I'll get to it. When you're looking at a prospect or looking at yourself, you're going to spend this money either way over the next 12 months. You're going to spend
Starting point is 00:37:50 it, right? And in fact, not only you're going to spend it, you're going to buy the program. The question is whether you're going to pay for it in money or pay for it in time. And so like you can learn every single lesson that's in this program, whether it's losing weight, you know, getting leads, selling online, whatever it is, right? You're going to learn these lessons. But you wanted to take 12 weeks, or 12 years. And the question is, are you going to be able to live a thousand lifetimes because of the thousand people that we've helped just like you
Starting point is 00:38:19 and gathered all those lessons and put them together so you don't have to do the trial and error for that entire period of time? So the question is not whether you're going to buy it or not, it's just how do you want to pay? And so for me, this is a personal note, and I'll probably say it at the end, but the reason we've got to move quickly through life is that I will buy other people's mistakes
Starting point is 00:38:36 because it's just the only way you can buy time in this life is to buy the knowledge to take less time. from other people who have taken their time. And like, if you think about human civilization in general, it took however long to make a light bulb, and then we just bought the lesson from him, and now we have light bulbs. Right, and the next guy,
Starting point is 00:38:53 figures out the next thing, and then we just buy the lesson from him. And that's how we have to move faster. So, you're going to spend the money either way. Of course, just 12 months from now, is it going to be on shit that didn't get you anywhere or stuff that is going to get you somewhere, and no matter what,
Starting point is 00:39:05 you're buying the program, we're just going to pay with money. And if we're being real, you've probably been paying for time the last six years. How's that working for you? Do you want to do more of that? This is also, this is a classic one.
Starting point is 00:39:17 It's a very easy one to remember. But like, who here knows the difference between a self-made billionaire when they had nothing and where you're at right now if you have nothing? Zero. They both, you're both broke. They were broke, you're broke, whatever it is, if that's where you're out right now. The only difference is that that proves that if they were successful, it wasn't about the resources they had, is about how resourceful they were.
Starting point is 00:39:42 So I'll take a quick story about this. So anyone here read Shoe Dog? Right. Story of Nike. So in the story, he talks about how he was about to lose everything multiple times. It's a crazy story. And this time, it was going to go down. Like, it wasn't going to happen.
Starting point is 00:40:01 And he needed a tremendous amount of money, and he just didn't have it. He'd extended all his credit lines. The banks wouldn't do it. And the next lender said they canceled on him. And the company was going to fold because it was growing too fast. At that point, he could have just given up. And so there's nothing I can do. I backs out on my cards.
Starting point is 00:40:14 I maxed out on my banks. There's literally nothing I can do. And his people had already worked for free. They were like, we can't do this anymore. He went to his vendors and said, you need to pay my payroll for me. He went to his vendors. Anybody use landing page software? Anyone?
Starting point is 00:40:29 Anyone use something from a vendor? Right. It's like going to that guy, like going to your videographer, you're like, listen, you've got to pay payroll for me this month. Because otherwise, I'm not going to be able to keep doing business with you because I'll be out of business. resourceful, not resources. And the reason this is so important is because when you have nothing,
Starting point is 00:40:47 it's the easiest excuse to give yourself. You're like, well, I have nothing, that's why I can't. It's like, of course. But every self-made millionaire and every self-made billionaire was self-made. And they started with nothing, which puts them in the exact same seat you are. So the question is, do you want to have power or do you want to not have power? When you have power, you're resourceful, not resources. Right?
Starting point is 00:41:08 And so if we want to make these decisions that are going to help ourselves, we need to step into that. And so when you're talking to your prospects, it's the same thing, right? Does that make sense? Okay, rocking. I mean, and you can drill deeper into this as like, do you think there's anyone else who's been in your situation, who's achieved this, or maybe worse than your situation?
Starting point is 00:41:27 The answer is yes, and if they can, why can't you? Right? So, we're taking steps closer. Are you guys digging this? Yes. Okay, cool. Oh, thanks. Thanks.
Starting point is 00:41:39 I wasn't sure if it was wrapped attention or shear board. sheer boredom. So we're not, you feel, you feel what progress we're making? Like the person presents this is, I don't have time, sitting shit's busy, blah, blah, and you're like, no, no, we're going to take one step close. And they're like, you know what, but I don't have the money or it's too expensive. You're like, well, if you don't have the money, you're going to be successful. It's worth it, right? Yes, I understand why it's worth it. Well, you don't need money to begin with, right? You got to be resourceful and you can find the money. Because I'll ask you, this is a fun one for business owners. Who here has had an unexpected bill ever come up?
Starting point is 00:42:13 up? Taxes? Right? Yeah. And then all, okay, so everyone here is still alive who raised their hands? Who here was able to magically pull money out of their ass and figure out a way to do it? Raise your hand. Here's what's crazy. You have the ability to be resourceful when it's for someone else and not for you. And it's because you choose to be powerful when someone else needs it, but not for yourself. Fucked up, right? So stop doing that. If you function,
Starting point is 00:42:53 like you have to make payroll tomorrow, and like you're back on rent and you're going to get kicked out, you think differently. And if instead of paying your landlord, you're paying you, because that's what you want to do, it shifts internally.
Starting point is 00:43:05 Because everyone's here just prove the fact that you can be resourceful when you choose to be. So just choose to be. So number three is it's not sure it's a fit for me. So besides the obvious ones, which is like, I don't want to work out, broccoli sucks, I can't do a program where I can't do cardio, whatever the fuck, right? Like I said, I don't want to do DMs, I don't want to post on Instagram, I don't want to have a Facebook group, whatever, right? Whatever the bullshit is. All right, I'm not sure if the vehicle is a fit for me. So usually you can
Starting point is 00:43:37 overcome the easy ones, but if someone is just really sticking hard, these are the three that I use to shift perspective. So this one is new identity, new priorities. So it's good to have cues for these things, which is like we vote with our dollars about the things that we care about. And if you show me what someone is spending their money and their time on,
Starting point is 00:43:55 I can tell you what their future is. And I'll tell you an interesting story. So I had somebody who was just like you, who was like, you know what, I don't want to do this either, and I told her this story. Can I tell you it? Yes. And this is what you'd say to the prospect.
Starting point is 00:44:07 Right? So I was with Layla, and we went to Sephora, which is a makeup store. And I show up like this. I feel welcomed. And so we're standing there. She's doing something, and I usually stay in the corner like this. And I saw these two little girls.
Starting point is 00:44:27 It might have been like, I don't know girl age. So like 12 to 15? This, like this, this. And they were like giggly and so excited. And they had like the girl with the smock came over was like helping her out, helping them out. And she was like, okay, this is like eyeliner, and this is lipstick, and this is whatever, blush. I'm just like using words I've heard.
Starting point is 00:44:50 This is how you paint your face. And the thing is the girls were like so excited. And then they were like right before they left, she was like, girls, she's like, you have to remember. Like now that you're getting older and you're becoming a woman, and you start budgeting for this stuff. All right? So you're going to start buying this every month. All right. So like, remember, you've got to save some money for this so you can have it.
Starting point is 00:45:07 And the girls were so excited that there's. you're like, yes, we're becoming women now, and these are the things that women do. It's because when you have new identity, you have new priorities. And so you've had priorities that are aligned with your old identity. There's the you that goes out, the you that drinks, the you that does the blah, blah, blah, blah,
Starting point is 00:45:24 spends money on shit you shouldn't do, spends time on shit you shouldn't be spending time on, and there's the you that you want to be. And so right now, we can draw the line in the sand and be like, do you want to keep walking down the road that you have been walking? And if you don't, then you have to step into a new identity. And with that new identity comes new priorities.
Starting point is 00:45:39 because people who want to be rich spend money on themselves. They spend money on education. They invest in their skill sets. Because I want to align my identity with the identity of those who came before me who've done the things I want to do. Right? And just like those little girls stepping into that identity, we too must step into the identity we want to be.
Starting point is 00:45:57 Does that make sense? And so when you're talking to somebody who's trying to lose weight and they're like, I can't afford a gym membership, and you're like, girl, you're spending $200 on your nails and you've got a $1,000 outfit on, Do you think another $1,000 outfit would make you look better or your high school weight? Right? Do you think another $1,000 outfit would make you look better?
Starting point is 00:46:23 Or being rich as fuck? And I say that, for those of you who are thinking about it on the money side, right? Like you waste money. Some of you guys have bigger shoe collections than, like, it's like fitness people in shoes. It's like the way, like, and Lulu Lemon and the, you know, spandex. It's like a hundred's pieces of sand. So it's like your whole wardrobe could be, consolidated into a skill that could buy you as many word dribs as you want if you chose to.
Starting point is 00:46:49 Right? Okay. Rock it. I don't like this certain aspect. This is one of my favorite easiest ones to hit, which is like, you got to change to change, right? What you have been doing is getting what you've been getting. And you got to change to change. Because like, I remember I would go through meal plans with people and they'd be like, well, can we change this?
Starting point is 00:47:08 Because this is what I eat for breakfast. Can we make that the breakfast? And I'm like, that breakfast makes you look like you. That way you spend your first four hours of the day makes your bank account look like what it does look like. Ooh. Right? Right? Taking steps.
Starting point is 00:47:29 Right? We're getting closer to the truth. And so the thing is that it's going to hurt to change because change hurts. And you've heard this one probably from Tony Robinson if you haven't. The question is whether the pain of staying the same is greater than the pain of change. That's where you just ask someone. And this is in the help part. If someone's like, the pain of staying the same is not, of staying the same is not worse than this change.
Starting point is 00:47:50 It's like, then girlfriend, like gain 50 more pounds and come back. You know what I mean? Like, get there. You mean, hit rock bottom. This isn't it for you. I'm being real. Some people, rock bottom is 12% body fat. Some people, it's 500 pounds.
Starting point is 00:48:05 But everyone's got one. You just got to know where yours is. And all you really got to do is just move what rock bottom is for you, which is kind of interesting, because you start making a change here, which is kind of interesting as a thought. But are you in enough pain? pain is the question you ask the person. So for those of you who are unwilling to make a change because it feels contrary to like, I don't want to do, I don't want to seem salesy, I don't
Starting point is 00:48:26 want to, I don't want to help people, like whatever, right? Like, is your current situation more painful than the change that you will have to go through or experience to get to where you want to go? And so the last one is hypothetical. I actually really love this. This is a great framework overall for overcoming lots of different obstacles or objections that present themselves. But the hypothetical, and there's lots of ways of phrasing this, which is like you've probably heard the unicorn clothes you probably heard like if this were perfect would you do it on a scale from one to ten where would this program be if ten was amazing and one was terrible what you know where is this they say a number and you say cool what
Starting point is 00:48:56 would make it a ten why isn't a one like you guys heard this scripting before so we guys are like no please talk so the reason I said we have to learn the principles behind it rather than memorizing the script is that it all is based on one thing which is hypothetical which is if this were perfect would you do it because you get a hypothetical agreement and they say yes if it were the thing is if you're like if this were perfect would you do it If someone says no, then you're like, girl, okay. Like, let's take five steps back.
Starting point is 00:49:22 Does my breath smell? Because the thing is, they've actually told you a lot there. It's like it has nothing to do the stuff you're talking about. They don't trust you. And now we can talk about that, right? So it's a great question to frame, like, where are we? And so it's like, if this were perfect, would you do it? Sometimes they'll laugh.
Starting point is 00:49:37 If you ever pour, they'll say yes. And so then you get to flip it and say, then what's difference between perfection and what we've got? The thing is that people are very hard, they don't actually know how to do. generate making a program because they're not going to like know all the things you can deliver on the spot right and so they're like most of the time they'll be like I don't know you're like right well because it sounds like it's nothing to do with the program is all about to do with you
Starting point is 00:50:00 so let's talk about that right and all of a sudden boom one step closer to the truth so make sense all right and that's why we do hypotheticals so if it were perfect what's missing and then if you can if it's if they do give you an answer and they're like I just don't want to do broccoli. And you're like, I'd do green beans, would you do it? They're like, yeah. You're like, great, green beans it is, sign here. Right?
Starting point is 00:50:27 You would be fucking amazed how many times shit like that happens. It's like one crazy thing. It's like, well, if we didn't have that, would you do it? Like, oh, yeah, sure. Where were you 10 minutes ago, right? And that's how you do it hypothetical. Okay, we're making progress. You still with me?
Starting point is 00:50:41 Still digging? Okay, cool. Authority, all right? This is one of my favorite. And so this one, instead of having three, I really just have like one very good statement of reasoning that you should understand. Okay? This is real shit.
Starting point is 00:50:59 So this is more of a process than it is anything else. But the spouse or decision maker is not there, right? Now, note for you guys, a lot of you guys have had the opportunity to go talk to a spouse, but a lot of you guys don't have that in your business, right? Like, spouse ain't there and they leave. They're not coming back, right? where they are, but a very small percentage, don't wait for it. Okay.
Starting point is 00:51:19 So what we have to do is try and sidestep it by isolating the objection and casting aside the partner because the partner's not there. So how could they object anything? They don't even fucking know who you are. And so the idea is, and again, this is assuming if you have a really long-term thing, then you want the partner to be there. Like ideally that's what you have. But if you don't have the opportunity, then you've got to go through the next step, right?
Starting point is 00:51:38 Which is, what do you think they wouldn't like? And then they will tell you, and then you just overcome the thing, which has nothing to do with the spouse. Because spouse isn't there. Right? Very easy side step. Does that make sense? This works really well.
Starting point is 00:51:53 It's like, why wouldn't they? It's like, well, because they don't want me to fail. Ooh, they don't want you to fail. Let's talk about you. And so this is the process that I walk through. Do they approve of your current struggle? They happy that you're struggling? No.
Starting point is 00:52:09 Okay. Then why would they not approve of something that's going to fix something they already don't approve of? right they're not happy with how you're currently doing why would they be against something that's already making them unhappy right right well let me ask you this and then pause look if the rules were reversed and your husband needed this to make what he wants his dreams happen or your wife needed this program to make her dreams happen would you support her then why would you support you
Starting point is 00:52:40 right right and I think the real problem that we're dealing with here, and this is the kicker, this is for everybody, is that you're asking for permission instead of support. Because it is your life, not theirs. And what happens is, if you give that power to them, and then two years from now, you're still fat, you're still poor, whatever it is, who are you going to blame? Them? And so that's when you have a resentful marriage, because you didn't own your shit. And so I'm not saying you shouldn't explain the decision to them but the way you explain to them is what I just said which is if I don't do this for me I'm going to end up resenting you and I
Starting point is 00:53:24 don't want that and instead of me bitching to you every day about how we don't have money or about how I don't like my body I'm now doing this and I'm enjoying a group of support of community of people just like me and crazy enough for some reason doctors go to college right right that makes sense they go to medical school lawyers go to law school but where to entrepreneurs go there's no entrepreneur school. No one teaches this stuff, but it turns out there are people who teach it just for this specific industry, and I can take failures of a thousand people and pack it into a year. And it's one-tenth of price of a four-year degree, right? And so instead of winding to you,
Starting point is 00:54:01 what I commit to is I'm going to show up and be a better husband, a better wife, a better partner, I'm not going to bitch to you about the stuff because I'm going to take this seriously, I'm going to go all in, and I'm not asking you permission. I'm just asking for your support. All right. That's how you can overcome it. Because, I'm going to be real with you. It is about them. And you have to believe that. Like, you can't say this unless you believe it.
Starting point is 00:54:21 Because, like, you will, you save marriages by showing people that they're the ones in control. Because if they keep saying, my husband's not going to let me buy a weight loss program, what do you think she's secretly saying? Can't believe you won't let me do it. Right? If that's real. If she's using it as a foil, you side step, but you get to self, right? But that might be the real thing.
Starting point is 00:54:42 And if that is the thing, then you have to let them step into it. that. And that's where, you know, having, that's where, like, having a three-day no-spot guarantee or something like that is also helpful. It's like, hey, sign up. And I use a lot of rapport and humor in my selling. And so I'd be like, hey, Cindy, if you sign up and you tell your husband, and he's upset, you have, and when he sees you, he's like, girl, I don't want you get in shape, I want you to stay overweight, I want you put those sweatpants on, I want you sit on that couch, reach your hand and bag of Cheetos, put the Cheetos fingers on there. I want you to create generational unhealth. I want you to live 10 years less
Starting point is 00:55:19 long. I want you to see our grandkids. I don't want that, right? I want to marry a younger, better you sooner because you're gonna have a heart attack. If he says that to you, you have him come and then they're like cracking up and you're like, okay, okay. Listen, sign up, three day no sweat. Like if he, if he does tell you that he just wants you to be out of shape and never leave him because, uh, because he just wants you get too hot because he's insecure. If he says that, Yeah, just let me know. All right?
Starting point is 00:55:43 So like the whole time you're just joking and stuff, but the three-day guarantee helps like nudge a lot of these people over. Is that cool? You guys get that one? Okay, sweet. And so that goes for you, right? Like it's about support, not permission. That's the bottom line, right? Support not permission. Because otherwise you're going to blame them for your lack of dreams being realized
Starting point is 00:56:03 rather than blaming the person it should, which is you. All right, so this is avoidance. Now we're getting to the core. We've gotten rid of time. We know that you've got time. and the best time to do it is today because you're going to be busy forever right value we know that you can't afford it if you can't afford it you'll buy it if you can't afford it's a great reason to do it and if the value is there then
Starting point is 00:56:25 there's no reason not to do it because it'll pay for itself right and what's money good for anyways you're gonna pay for the program regardless you want to pay in less time or more time value's not a problem fit you got to step into an identity right you've got to be willing to change and the question is just whether the pain that you're experiencing is less than the pain of the change that takes to experience the next thing. Right? If they step into that, they're good. Because it's not about resources, it's about resourcefulness.
Starting point is 00:56:52 So it's not an issue. Authority, they have to own it. It's about support and our permission. We all here? Do you feel like we've peeled the layers back on your prospects? And they're just laid bare naked there? You've solicited the sale. Now you've got to close.
Starting point is 00:57:08 All right? Avoidance. So now they're like, wait a minute. You think about it. So, now that we've exhausted, I'm putting this as emphasis, we've exhausted all outside reasons. Now we're finally talking to someone in power.
Starting point is 00:57:24 And that is what a good coach does. We don't make decisions for people. We help them make decisions. So here is an eye have to think about it. Not sure. Give me a hand. Who's dealt with somebody who thinks that way? All right.
Starting point is 00:57:35 At least one person here. No, I'm kidding. All you guys said. You guys are great. So this is how I divide this up. past, present future. And so hopefully this should already, before I dive into these, give you simple frameworks to work through.
Starting point is 00:57:46 Time, you've got macro, micro, when then. Right? You've got value. You're thinking about it's not a lot of money. Even if it were a lot of money, it's not a lot of money. You're going to pay for it either way. You have the simple frameworks that you can walk through. You might just hit them with one,
Starting point is 00:57:57 and if they hit it with again, you hit them at the other angle. Because they're logical frameworks. They're not scripts. That's why I made them bubbles. You don't have to memorize it. Just got to understand it. Past. So, like, I need to think about it.
Starting point is 00:58:07 And so the thing is, and the first bubble there is if someone's like, I feel like this is happening so fast. And we'll get that one? Like, I just got on the phone with you. I don't really know who you are. And you're like, hey, this is not a fast decision, right? You've been making a decision for the last six years. You continually make the decision.
Starting point is 00:58:22 All we're doing to say is deciding you're actually going to do something about it. Right? How long you wanted to lose weight? A long time. So this is not a fast decision at all. But the thing is, is that, and this is where you go sunk cost. So if I were talking to you guys, I would say, you know, You bought tickets because you saw some ad.
Starting point is 00:58:40 You registered there. You got your flights. You got a hotel. You blocked the time. You flew here. You listen to this whole thing. You're six inches from gold. This isn't a fast decision at all.
Starting point is 00:58:51 You did all these things to get here because it's important to you. So don't let that distortion stop you from getting what you want. It's fear. Let's face that. What are you afraid of having happened? Which, by the way, I took the slide out. But my two favorite questions to ask in a in a sale that I feel like are the fastest to cut through,
Starting point is 00:59:11 is what are you most afraid of having happened if you buy? What are you most afraid of? What's the worst thing that you envision in your mind? And if they're not sure, I just fill in the blanks, I'm like, I take your credit card, I swipe over as much as I possible can, I go to Vegas, I put it all in black, and then I go to Monaco where they can't extradite me.
Starting point is 00:59:28 Fair enough? And they're like, I was not thinking that, and you're like, right. So what's the worst thing? You know, like, what's the real thing? And then they're like, you know, I just have bought so many programs before. You're like, right, let's talk about that. Right.
Starting point is 00:59:42 And so I'm going to skip one for it, and then I'm going to go back to it. This is one of my favorite obstacle or objection overcomes. I call it, don't let it burn you twice. And this, literally, you can see the date. It happened yesterday. This girl texted me or April 6th.
Starting point is 00:59:56 She said, it's crazy to think that I had a sales call with you six years ago and I'm kicking myself in the butt from not jumping on. This is yesterday. Right, like, I don't even own the company anymore. And I said, you let a bad decision burn you twice. once when you made your poor investment,
Starting point is 01:00:08 but a second time when you let that bad investment stop you from a good investment. It would be like, anybody ever have a boyfriend or girlfriend in middle school or high school that they're not currently married to? Anyone? Just like, just come on. Help me out here. Okay. It would be like having a bad eighth grade boyfriend or girlfriend and being like,
Starting point is 01:00:26 you know what? Men aren't for me. All coaches suck. Right? There's good coaches, there's bad coaches. There's crazy ass bitches and there's crazy ass dudes. You know what I mean? Like, there's also good ones.
Starting point is 01:00:40 And so things, if you stop, if you let the bad one, prevent you from the good one, you get burned by being with the bad one and because you let the bad one control your next decision. Right? And so when someone has had a bad experience with doing keto, whatever the fuck, right? Or you had a bad experience with some program that you did or did not do
Starting point is 01:00:57 or they didn't fulfill, whatever. Either way, don't let that burn you twice because no matter what you're going to have to do, you're going to have to do these actions. Whether you're part of the program or not, You got to do these workouts. Are you part of the program or not? Doesn't matter.
Starting point is 01:01:10 You're going to have to do it. So you might as well do it, but somebody's to get you there faster, right? Let me go back one real quick. So, it's not a fast decision, and this is another one that I love, which is, do you think that you're maybe in this position because you have struggled to make a decision in the past? You have waffled when it came time to make the hard call? Have you been in this conversation and said no before? Yeah.
Starting point is 01:01:31 Do you think that's why you're here? Yeah. Do you think that might be the reason you should change that? Yeah. Okay. Let's change it. One decision. Change your life. And the last one is like, are you tired of another year of almost? Right? Tired another year of almost hitting your goals. Of almost getting to 10K a month. Of almost, you know, hiring the team that you wanted, of almost retiring your wife or husband, or almost moving into the neighborhood that you wanted to move into,
Starting point is 01:01:57 or almost being able to pay for your kids recreational sports rather than not being able to because you can't afford it. Or you're tired of another year of almost. Well, if you're tired of another year almost, then we can't do what we're doing to get here, for another year, because we're going to get another year almost. And so the question isn't what it cost you, but how much has it cost you to not decide up to this point? Right? The cost of inaction. And I think that when we think about our lives in reverse,
Starting point is 01:02:21 we never regret the things that we did, we regret the things we didn't do. The opportunities that we let pass by. And I think that if you can let that person step into that power, they will make the decision to help themselves, like this person did not. All right, present. So depends on you're talking to. Someone's talking about past stuff, then you do it with the past stuff.
Starting point is 01:02:40 The second frame for avoidance is present, which is they just don't know how to make a fucking decision, right? And so you have to help them make a decision. And so this one, the rocking chair, is one that I just, for some reason, I've used a tremendous amount of time, especially when I was selling weight loss, is to be like, I just really, really need to think about it.
Starting point is 01:02:55 But I totally understand. Well, let's walk through what that looks like. You're not going to, like, go home, sit in the rocking chair, you know, smoke a cigarette, because, of course, you're not healthy yet, right? you'll quit when you're healthy, right? You're smoking your cigarette, and you're like, hmm, am I going to do this weight loss program?
Starting point is 01:03:09 I just sit there and just stare into the clouds. I wonder. No, of course, no, you're getting in your car, and they're going to realize you've got to pick up Timmy from soccer products, you've got to get groceries, you've got to cook, you've got to clean, you've got to do the laundry, got to do all these things, right? And then three, four, five days from now,
Starting point is 01:03:21 you're going to put on that old pair of jeans, and it's not going to fit, and be like, fuck. And just there, you'll have made the decision, and you'll keep living your life. And so let's just make it now, because the reality is that it doesn't take, information to make decisions, sorry, doesn't take time to make decisions, takes information. And I'm the only source of information you got. So let's talk. I'm here. I'm here for you. Let's do it.
Starting point is 01:03:44 Right? Because that's the fallacy, is that people think they need more time to make decisions because they assume they will get more information in that time. But if you are the source of the information, then time does not help them. And so let's confront it now and let me answer the questions you have to make the decision, one way or another. Does that make sense? All right. And so then they're like, well then fuck, how do I make a decision? You're like, glad you asked. So there's three things that we got to understand.
Starting point is 01:04:11 Do you believe that this product or service is going to help you achieve what you want? Yes or no? They're going to say yes. If they don't, you can confront it. Note, all of these are confronting decisions. So we've moved all the way down the onion, right? We're at truth now. And all, like the theme of the last bullet is confrontation.
Starting point is 01:04:31 We have to confront the decision. We've got to peel it back and be like, are we going to do this or not? Because we already got out the time, we got out the fit, we got out the space, we got everything out of the way, it's just you. Do you think that this is going to help you get closer to your goals? Yes or no? Two, do you trust me to fulfill my word that I said, I'm going to help you, I'm going to do these calls, I'm going to do these workouts, I'm going to do whatever, right?
Starting point is 01:04:53 Three, this is probably the most important one. Do you think it'll work for you? And if they say, no, you say, why not? And then they have to defend why not? And then it's very easy. At that point, it's a six inch put. And once they say yes to all three, which is usually what will happen, they're like, cool, we'll make the decision together.
Starting point is 01:05:08 Do you know how to make the decision? They'll say no. You go through the three. And the last question is they said yes, yes, yes. It's just, do you have or have access to the amount of money to get started? Do you have the MX? Do you want to help you enroll in an MX? Because I want to help you.
Starting point is 01:05:23 I'm good either way. But if you believe that this is going to help you get closer, you believe that what I'm saying is true, and you believe that you can be successful, It's my moral obligation to get you going and do everything in my power to help you get the money or get access to it. Because the real real is, if I was giving you a Ferrari right now
Starting point is 01:05:36 for $5,000, you'd find the money. If your landlord needed you come up with $10,000 because you had background and payroll, you'd find the money. So find the money, let's do it, right? Three, who wants to make informed decisions? Yes? How can you make an informed decision
Starting point is 01:05:55 if you haven't even tried it? Huh? So this is when you have some element of trial in the program or some sort of guarantee. which is why I'm a big fan of guarantees. It's like, well, you can't make the decision to buy that's informed until you're on the inside. So I'm not even asking to make a decision right now.
Starting point is 01:06:11 I'm just actually making an informed decision, which you can only do on the inside. And if after 30 days I'm not what I said, this product doesn't do what I told you, I didn't fulfill my promise and you don't think it's going to work for you? You let me know I'll give you the money back. Low pressure. You get someone to decide, but not deciding. Even easier. Does that make sense?
Starting point is 01:06:28 Yeah. I think that'll help you close? Yeah. All right. And then this one is, it depends on who you're selling to, but sometimes if you have a logical person. It's like, do you know what deciding even means, like where the etymology of the work comes from? It's D. Caderay, which is Latin, which means to cut off, kill off. And so the question is, which future are we killing off today?
Starting point is 01:06:50 Are we killing off the future of the dreams that you want? Are we killing off the future? Sorry. Are we killing off the future of not doing anything and the life that you've lived up to this point? Because indecision is a decision. Inaction is an active decision, right? And so it's just which one are we killing today?
Starting point is 01:07:11 We kill on your dreams? We kill in your past. Second and last one. Future. So we talked about past. So if they're thinking about the past, the things that hurt them, don't let it burn you twice, et cetera, right? They don't know how to make a decision.
Starting point is 01:07:23 Rocking chair. This is how you make a decision. Three things. You have access to money. Great. Let's get going. You want to kill your past? You want to kill your future?
Starting point is 01:07:28 future, right? Awesome. When we're talking about the future, this is actually magnifying pain, which is cool, you got here, it's been five years you've been struggling, how's another five years sound? What if we just keep doing, let's go with indecision, let's look at it. What is five years that you doing what you've been doing look like? And is that a place you want to be? No? You got to change to change. Let's do it, right? And then you go right into let's consider the options, which is like, like, this is logic. Right? So let's consider the options.
Starting point is 01:08:01 Option one, you do the thing, you get the result, life is awesome. Option two, you don't do the thing. You don't get the result because you didn't do the thing. Option three, you do the thing, but then you don't get the result. All these are the options that can happen in front of you. Because we have a guarantee, they're all risk-free, except for one of them. Only one of them has a true guarantee of not getting you where you want, which is walking out the door.
Starting point is 01:08:26 So which risk-free option do you want? the one that's risk-free, that guarantees that you're not going to get there, or the one that's risk-free and has the potential to get you where we want to go. Right? That's not an emotional close. It's logic. And if you have an offer that's set up that way, you should be able to close most people as long as they don't think you're an asshole.
Starting point is 01:08:43 Right? Okay. This is one that's more around urgency, because, again, this is avoidance. If someone says, I'm still not sure, I want to think about it more or whatever, you say, well, you're not going to struggle forever, right? Like, you don't want to struggle forever. You're going to do something about this. whether it's weight loss, business, whatever.
Starting point is 01:09:00 They're going to say yes. You're like, well, if you're going to fix your business eventually, you might as well start fixing it now, so you can start enjoying the fruits of that labor sooner. Would you prefer making more money faster or slower? What's your preference? Great. So if you're going to do it eventually, you might as well do it now.
Starting point is 01:09:17 Does that make sense? It's a little nudge. This is a final one that I just really like from a framing perspective, which is instead of it like, this has to be my savior, this program has to get me to an IFBB Pro Bikini body and I'm 100 pounds overweight. Probably not realistic, right? Reframe the question is, do you think that making the decision is going to help you get closer or further from your goal?
Starting point is 01:09:44 That's it. Because if we keep making decisions that keep getting us closer, we will get there eventually. But if we make decisions that get us further away, we will not get there. And so do you think that this is going to get you closer to your goal than what you're currently doing? Yes. what are we waiting for? We don't need to be snipers, we need to be directionally right. If we do that long enough, we'll get there.
Starting point is 01:10:01 Does that make sense? That helps you too because we have this fear of perfectionism. Is this going to be the one? Probably not. But it will get you fucking way closer, right? So I can tell you, there's no one program that changed my life. But the decision to buy education changed my life forever. Does that make sense?
Starting point is 01:10:20 Yeah. All right. Boom. And so let me look at the top. We have no reasons left. not to own the power that you have, it's just you. And here's bonus number six, and you can use this as one of, like, there's some closes that you use all the time you always go back to, right?
Starting point is 01:10:38 The reason you are telling yourself not to do this is the reason you need to do it. How long do you want, I can't afford this to be on your list of problems in life? The fact that you don't have time is the very reason you need to do this. The fact that you're so dependent on your spouse is the reason you need to take this decision and own it. Right? The fact that you're not sure about the person that you want to be is the very reason that we're going to help you get it in this program. So whatever the reason is, is usually the biggest chain that you're holding on to, is the thing that you're enslaving yourself to is the thing that you're casting your power to. If you break that chain, power comes back to you.
Starting point is 01:11:11 And so the very reason that you're holding yourself back is typically the very reason that you need to do it. So hopefully, this helps you realize that you and your clients are always in complete power. Did I accomplish that? Awesome. Thank you. And like our promise at the beginning, my hope is that you become more powerful by making decisions rather than letting life make them for you. All right.
Starting point is 01:11:35 So here's a few final thoughts. Fortunes are created by taking a lot of risk with a little bit of money. Fortunes are maintained by taking a little bit of risk with a lot of money. And every one of those people that was self-made takes a lot of risk with a little bit of money. And sometimes you need to take that step because it's the only way to build the fortune. all right and if everything that I've ever made in my life or sorry everything that I've made in my life is a result of investing in my own education it has gotten me far higher returns than any stock any real estate any
Starting point is 01:12:07 crypto right any whatever buy a mile and people say like it's all about investing yourself like I just I think it sounds amorphous it's like buy experience and skills because no government can take that from you no divorce can take that from you, nothing can take that from you. And I come from a family where, so we're Persian, and so my parents had to flee Iran during the revolution. And so they had land and houses and other stuff, right? And my uncle was the brother to a guy who started the lottery in Iran. He owned the lottery, because you can do that there. Very rich. And so my dad and his him, he went to London, my dad went to the US.
Starting point is 01:12:57 He had no skills. And he was able to just forge enough money to buy a print shop, and he lives above the print shop in London. And still to this day, that's what he does. And went to visit him, it was incredibly sad, seeing just like, once his wife, my dad gave her a scarf, and it was like a nice scarf, apparently. And she just bawled.
Starting point is 01:13:17 She's like, I used to have rooms of these, and now I have nothing, and blah, blah, blah, blah. My dad came to the United States with $1,000. But because he had skills, he built it all from scratch. And so, I mean, he was a doctor, as all Middle Eastern and Indians are. Right? Doctor, lawyer, account, engineer. Anyways, the only four approved paths.
Starting point is 01:13:40 But when we say invest in that, we come from a place where, like, it was literally all taken. The government was like, that's our house now. That's our land now. That bank account is our bank account now. And so that was why it was so, and like, that might be a benefit for me. I had somebody who was always like, it's the only thing no one can take from you. And so why would you not invest in the one thing that can never be stolen, can never be taken, and compounds with time?
Starting point is 01:14:05 And it increases your capacity to make money, increases your capacity to live. And so I like to think of the investments that I've made in myself as bricks on a bridge. And so if I'm on the bottom left here, and where I want to be is the top right-ish, right, looking like the nightmare before Christmas now. You're going, like, there are many skills that it takes to cross the bridge, right? And just like you have an arithmetic teacher in high school, once you learn calculus, you're not like, that guy was a load of shit. Calculus is what, no, you have to learn things in sequence, right?
Starting point is 01:14:39 And so the thing is, is that we build this bridge, it's one brick at a time. And I always come back to the same question, which is, is this going to get me closer to where I want to go? I don't need it to get me there. I just need to get closer. And if I get better, I'll get there eventually, right? As long as I don't stop moving. And so that's why that's what I've dedicated my life to education. My mission is to document and share the best practices of building world-cast companies.
Starting point is 01:15:03 Because when you realize that you are the source, you realize that Superman is not coming. It's just you. And every decision that you make is a vote towards or against the person that we want to be. And so the question for you is that are your decisions voting towards the person that you want to become? or just more of what you already have. And so people ask me all the time, how do you move so quickly? And the answer is, I know how to buy time.
Starting point is 01:15:27 And the follow-up question is, how do you buy time? You buy time by buying the time took other people to make mistakes that taught them the lessons. That's how you do it. That's the heck. And so right now, the ignorance of not knowing how to create a million dollars a year is costing you a million dollars a year.
Starting point is 01:15:43 The fact that you don't know how to make a million dollars a year is costing you a million dollars a year. Think about it, right? And so therefore, you should always be willing to invest money to increase the capacity for your income. Because once you have it, that capacity pays you forever. You're increasing your ability. Does that make sense?
Starting point is 01:16:01 We're widening the pipe. And so when I thought about this, I just added zeros to it, and I was like, it's fucking costing me a billion dollars a year, not knowing how to make a billion dollars. God! Right? But it's true because the thing, the number one tax that no one appreciates or no one respects is not the tax of the government, it's not capital gains, not income tax, it's the time tax of ignorance. Someone asked Lately yesterday, what's the number one thing that people from
Starting point is 01:16:28 zero to 10K are messing up? You don't know what the fuck you're doing. That's what's messing you on. You're ignorant. You have no idea. You're eating an orange like an apple. No clue, right? And it's not because you don't have the processing power, it's not because you don't have the ability to reason, it's because you just don't know. And so the goal is to pay down the time tax of ignorance as fast as humanly possible and the only way you do that is by educating and investing yourself all right specifically investing in experiences that build skills so make the decisions that to help yourself implement like crazy take ownership because we just discovered that all
Starting point is 01:17:07 the other shit is not real is literally a distortion of reality that anything that you give your power to that's not you is fake you're making it a false God in your life, and your prospects are too. And now you know how to confront those when your mind tries to play tricks on you. And realize that there are no silver bullets. No program is going to save your life.
Starting point is 01:17:29 But some things can move you closer to your goals. And when those rare opportunities present themselves, take them. Because either you win or you learn, and both of those get you closer to wherever you want to go. All right. And so, I'll wrap up with this. 10 years ago, I had to, that was me in a swanky, you know, when I was a consultant, looking cool.
Starting point is 01:17:55 It was actually after, I don't even have a good picture when I was a consultant, but there's me in a suit. And I knew I hated the job that I had. I made okay money, but I just, like, I just really wasn't happy. And I emailed 40 gym owners and I was like, hey, I think I want to get in fitness. Can somebody, like, help me out? One guy was like, sure, you can work for free. I was like, awesome. And that guy was Sam Back-Tiar is.
Starting point is 01:18:21 And anybody know who Sam back to R's? Raise hand? Jeez, okay. Well, Seven Figure Sam is what he used to be known as. He actually died during COVID, which is really sad for me because I really looked up to Sam. And the thing is that when I got to his office, I literally drove across the country from Baltimore to L.A., or Chino Hills, which is where he was. And I showed up without notice, and he was like, you're a psychopath. I just met you're a psychopath. And I was like, I'm here, I'm ready to learn.
Starting point is 01:18:47 He was like, I'm going to lunch. And but right after you came back from lunch, he was like, all right, so you should join my mastermind. And I was like, I don't have a gym. He's like, that's okay. He was a gym mastermind. And I didn't, I mean, like I was 22. Like I did not have a lot of money.
Starting point is 01:19:09 And he was like, well, it's 10 grand. And I was like, I don't know. He's like, you need a fucking commitment. He's like, you've been waffling back and forth. I had had multiple phone calls with him before I left. He's like, I think you need to draw a line in the sand. And thank God he did. Because I did take a step over.
Starting point is 01:19:29 I had no idea what the fuck I was doing. But I was trying to start paying down the time tax of ignorance. And I got around a whole bunch of other fitness professionals. And I learned way more from all of them than I ever learned from Sam. But because of that, my belief started to change. The ways I saw the world changed. traits I started to embody change and started taking steps. The mastermind I got from Sam is not what made me $100 million.
Starting point is 01:19:52 But it got me on the right path towards making it. Over the years of having hundreds of salespeople work for me, I've seen these nine things that the best salespeople do differently than everyone else. And so if you boil it down, a salesperson has three jobs to do. They have to maximize the number of opportunities they have. They have to convert the highest percentage of those opportunities. And, and this is the important part, they have to do it consistently for a very long period of time. And so the nine things they do differently will fall elegantly into each of these three buckets.
Starting point is 01:20:18 Let's start with the first one, which is maximizing leads or maximize the number of opportunities that a salesman has. So right off the top, I've never seen a salesperson who does the most in a company have the lowest amount of hours worked. I've yet to have it. And you know what? Maybe there's a special snowflake out there. But every company that I've owned and every company that I've looked at, the guy who works
Starting point is 01:20:40 the most hours is the one who sells the most deals. And so maximizing opportunities comes in a number of different forms. So number one is that they have the total most hours available per day because you should be available when the prospect is available. And that means sometimes working long hours, it's sometimes being working weekends. And yes, businesses also pay rent on Sundays and so you can make sales on Sundays. So my software company, Allen, scheduled 4,000 plus appointments per day
Starting point is 01:21:05 across a number of different industries. And so we got to see all the way from click to close which companies were selling the most people. And we looked at all the different data. So times of day, number of days per week, you know, speed between text responses, number of characters and text response, all of these different variables because I had two data analysts that looked at this to figure out how could he maximize throughput for any business? And obviously sales is a big component of that. And the single greatest lever on throughput across all companies was the number of total available time slots, which means availability was the strongest predictor of total sales. And let me give you a tactical example of this. When Layla and I were traveling the other day, we went to a different city and she wanted to get her nails done or something. And so she just pulled up Yelp and looked at the one that had the top reviews, called them up and they said, oh, I'm sorry, we don't do same day appointments. And they're like, we can book you in for two days from now.
Starting point is 01:21:59 And she was like, yep, don't care. Called the next one. Same thing. Called the third one. And then they were like, yeah, we can take you right now. And boom, she went in. And the thing is that both those other business owners, the first two business owners that said, no, lost money. And the next time she comes to that place, she'll probably go back to the first.
Starting point is 01:22:13 the one that she went to as long as they did a good job. And so trying to be egotistical about it rather than accommodate customers, it's like, well, we're so great, you just lose money. Now, if we maximize the total number of time that's available for the salesperson to sell, then the next part of maximizing the opportunities is getting as much of their days seemingly possible filled with the best opportunities. And so the second subunit of this is they will pull up calls. And so the first thing is, if you see a call that gets booked, or you book a call that's on Thursday and today's Monday, if you have a time slot that's open, you grab your Thursday appointment, you drag it into today because today appointments always have higher showup rates, and if you
Starting point is 01:22:54 pull it up, then they're even more interested, and you can close even higher. And you can have two or three calls by that same Thursday time, so you increase your sales velocity. Now, a corollary to that is if you look at your calendar and you've reached out to a prospect, and that person has not responded back. And now it's the same day, and they're coming up in a few hours. Well, what do you do? Well, the best salespeople pull that time slot and say, hey, sorry I didn't see that you confirmed. Why don't we do the same thing for tomorrow? You can push it out one and then try and fill that time slot with somebody who is responsive, even if they're later in the week. And that increases your total number of calls per day. And so fundamentally, the perfect day for a salesperson is that they
Starting point is 01:23:31 have call back to back to back to back to back to back with the best possible leads that are the hottest that day. I learned that little tactic about pooling up because we had one of our companies, It was in solar sales, and they had one rep that massively outperformed everyone else. And I was like, what is this guy doing? And so what he was doing was he would, whenever a new appointment would book, he would immediately call the appointment to qualify the lead, because that checks two boxes. One is he says, okay, is this person qualified to buy? If the person was, he had two decision paths.
Starting point is 01:23:58 If they had the time right then, he would just go straight into closing because he was off the call SOP, and then by getting in contact with the lead became on the call in terms of his SOP, and if they said they had time right now, he just went for the sale. That maximizes his time on call. If they said no, then the reason for his call was that he had an opening later that day that he was trying to fill up. And so he either takes the moment now that he's working the lead and turns it into a sales call, or he fills another slot later in the day and turns that into a sales call. Both of those things maximize the number of sales that guy was having. And this guy was selling like four times more units than the second best guy on the team. And then they obviously
Starting point is 01:24:33 saw this and then adopted it company-wide. And then, of course, I saw it and adopted it across all my entire portfolio. And let me double down to why that's so powerful. Because not only does the salesman have two opportunities to sell now or later that day, he also opens up the slot later in the week for availability for another customer that can't make it today to book that time then. Because what I have found, and we saw this with the software, was, if you have fewer time slots, people may still book with you, but they are not booking at the most convenient time for them. You'll see schedule rates, but then show rates will drop because it's not the time that works for them ideally. And so you want to make it the most accommodating. So it's not just
Starting point is 01:25:09 is it convenient or inconvenient. It's how convenient is it? If I have a tight deadline and a hard stop and I've got something that I'm stressed about afterwards, I might be able to schedule a call then, but I might not be in the mood to buy. But if I say, you know what, Sunday afternoon, I'm free, I'll have all the time my world. I'm going to have zero urgency to get off the call. I'll listen to you and I'll be in a completely different zone. And that might be when I'm in receiving hands in terms of prospect brain mode for buying. And so one of the things, that the best salespeople have, and this is something that companies should provide but often don't, is that you have two SOPs, meaning standard operating procedures. You have an on-the-call
Starting point is 01:25:45 SOP, which is what you say when you're talking to prospects, and they have an off-the-call SOP, which is what you do in between. The vast majority of companies don't have an off-the-call SOP, and they're losing tons and tons of money because they just say, yeah, just work the leads in the meantime. When the total amount of output that a salesman has is so correlated with the amount of opportunities they have and they get those opportunities by the time they have when they're not on the call. And so they should have two separate checklists if they don't have them in front of them. And this is what the best salespeople do is this is what I'm doing when I'm on and this is what I'm doing when I'm off. And you can just switch hats as soon as you're off. And you start at the top
Starting point is 01:26:20 and you're like, I'm following it with this person. I'm following with this person. I'm dragging this person forward. I'm canceling this appointment. And they have high activity. One of the things that we do across all our companies, and I learn this acronym for my French Ron, Bamfam, which is book a meeting from a meeting, which is that the best salespeople never finish a call with a prospect, not knowing when the next time they're going to talk to the prospect. So that prospect should never fall into no mansland. They should never fall between the cracks where they're like, I don't know. And so if you get to the end of the call and they're like, yeah, let's connect offline and we'll circle back up and we'll find another time. No, you have to address it at that time
Starting point is 01:26:55 because if for whatever reason, like a time obstacle is still an obstacle and you can resolve it right then. You both have your calendars up. You can both make the decision. If someone's like, well, I'm not sure, then you actually address the concern. Like, isn't this a problem for you? How much you losing every day, not implementing this solution in your business? How much, like, how much of a problem is this in your life? And why isn't it this something that we'd be doing sooner, right? And so you want to address those things because that is, these are obstacles. And so if you just get off the call jollily, then you actually lose more sales. So you always book a meeting from the meeting. Here's three more things that the best salespeople will do. Number one is
Starting point is 01:27:27 that they don't take rejection personally because they're going to reach out in more volume than the mediocre salespeople. And so you can see on a CRM how many outreach attempts and how many follow-up attempts that a salesperson is having between calls, and it correlates with the number of calls that they take. And so they work their leads harder. And that's because if someone before they've scheduled the call, you know, says something mean, they're not like, oh my gosh, I can't believe this. Or if someone no shows, they're not like, well, I'm not going to work the rest of my leads. No one really cares about me. Like, woe is me. It's no. They know it's a numbers game and they just keep plowing. Something that I've noticed the best salespeople do is they have something called a kill list.
Starting point is 01:28:05 And so those are those prospects that you're like, this is a whale or this is a really good prospect. And they sure they have them in the CRM, sure they have them in the place that they're supposed to have them. But they also have it somewhere else that's visible so they can always think about it. And that's like an everyday list. It's like, I got to get back to these two guys. I got to make sure that these ones I'm going to put extra attention to because they're high value deals. Now, the last element of what the best salespeople do for increasing the number of leads is that they create their own opportunities. So, sure, they're going to get the inbound leads from marketing.
Starting point is 01:28:37 They're going to get the leads that are handed to them. But the best salespeople know the value of referrals. And so the way they do that is at the end of the call or at the time that it makes sense, they say, hey, do you know anybody else? Or my favorite way of asking is, who do you know? Because it forces the prospect to answer the question with a not yes, no, but with a name. You say, who do you know who is as awesome as you? Now it's a compliment. Who would also benefit from this?
Starting point is 01:29:02 So now I'm giving them a compliment by asking them for the referrals. I kind of like have like a nice guy sandwich there. So like, you're amazing. Who else do you know who's like you who would love to do this with you or with us who could benefit from X, Y, Z? Right. Now sometimes if they say no one, then sometimes like this is where rapport is important. But you could say something like, why do you hate me so much?
Starting point is 01:29:22 And they're like, what do you mean? It's like, well, I only can assume that you hate us because you don't want anybody else. to know about this amazing thing. And you probably hate your friends because you want them to suffer as well, right? And if it's because you don't believe me, then let's talk about that. But otherwise, like, why are we not getting your friends in here?
Starting point is 01:29:38 Because I can promise you, you'll be far more successful if you have more people you know who are in it. So in the spirit of Bamfan, book a meeting from a meeting, if we consider this to be a meeting, if you would like us to help you more with your sales process,
Starting point is 01:29:48 acquisition.com, just started a workshop division where my sales director, my team will talk to you specifically about your sales, your process, your scripting, so we can implement some of the things that we know work in our portfolio into your business, ASAP. We do other stuff at the workshop, but we also talk about sales. If that's at all
Starting point is 01:30:03 interesting, you can book your next meeting by going to Atkinson.com, clicking the scale button and following the steps. And if you're qualified, my guys will reach out. When I had a team in a different portfolio company, we had one guy who was outperforming everyone else by a huge margin. This one wasn't as big as the pull-up thing. That was massive. This was about 50% higher than the number two guy. And we were like, what is this guy doing. He was brand new. And that was what was interesting. It's like brand new going to the top leaderboard. It's not very common because that means that they're doing a different process, right? And so he was following the script, and we listened to the calls.
Starting point is 01:30:34 We were like, this is the same call. And so when we called him up, we said, what are you doing differently? And the thing is, he was, he was multiplying his leads. And so what he did was at the end of the calls. He was just asking who they knew, who would also benefit from this thing. And I think they were selling some sort of tickets of some sort. And so he was saying, who else wants to come with you? Who else would you like to bring?
Starting point is 01:30:54 And it's just a simple little thing. that he was doing, but by doing that, he was increasing his sales by 50%. Because the referrals, even though only one out of three or one out of four people would refer, the referral close rates like 80 or 90%. And so if you think, okay, I take four calls and I close one, and I ask for referrals in all four, and only one of them gives me a referral, but then that referral then closes, then I take my one sale out of four and turn it to two out of five. If you're a business owner, thinking about how valuable just implementing that is consistently,
Starting point is 01:31:27 is that your cost to acquire a customer, you just cut in half by taking one customer and getting a referral from that customer. And if one out of three customers refer someone, then you cut your cost to acquire customer by a third. And this is the type of stuff as advertising becomes more expensive, because it always will become more expensive, that the businesses that do this, the salesmen that do this, will be the ones that win in the future. So now we have a salesman who has the maximum number of hours, the maximum number of days,
Starting point is 01:31:52 They're pulling up appointments so that their time on call closing with the best people is maximized. They're following up before. They're following up after. They're doing personalized reachouts and saying like, hey, voice memo, hey video. Hey, I've got this thing for you that I've got set up for the call. What size shirt do you want? I've set aside thing here. There's one of the things we did at the gym.
Starting point is 01:32:13 Hey, what color shirt do you want? Hey, what boxing gloves? Hey, what you do a tiny little thing. Hey, I've got three gift cards here. I go one for Amazon, one for Starbucks and one for whatever. Or which one would you prefer? You ask a preference question prior to the call and more people show. Because the thing is, you're like, well, shoot, this guy's doing this thing.
Starting point is 01:32:30 The least I can do is show up. And so they're maximizing the number of scheduled appointments. They're maximizing the number of shows. They're maximizing the number of opportunities. They're getting from those opportunities. And now we get to the call. So now we got to close. Understand the value of preparation.
Starting point is 01:32:49 You would be amazed at how much of a genius you sound like if you just do five minutes of research before a call. And so my rule of thumb for research is that if it's something that you do all the time, it's about 10% of the time that you're going to be on a call or meeting that you can do in prep. So if you have a two-hour call, then you've got 12 minutes of prep. If you've got a 60-minute call, then you do six minutes of prep. Now, this is something that if you do it all the time, if this is like, I'm doing a quarterly meeting, then it reverses. It's like six hours of prep for one hour of presentation if it's something that you don't do often. And so salespeople do the same call over and over and over again, but the thing that's different, the tiny bit of difference is the prospect
Starting point is 01:33:26 they're speaking with. And so, like, this applies to everything. Like, if you're picking a girl up at her house, if you do five seconds of research in the car before you go in and you look at what her dad does and look at the company of the father and say, hey, so, Mr. So, so, really nice to meet you. So I see you work at, you know, whatever engineering, like, do you like that stuff? I see that they just had a press release coming out. Do you have any involvement in that? This guy would immediately see you, no matter how you're dressed, what you look like as it's a check. They're like, whoa, like, I will respect this person because he did me the honor of actually taking some time to look me up and figure out more about my business. He didn't show up like everybody else does,
Starting point is 01:34:03 not knowing which way is Sunday, trying to figure things out as they go. I'm telling you, the best salespeople take those five minutes, they do that tiny bit of research and the amount of rapport that you build in that first one minute from having those secrets, the person is then like, oh wow, they know about me. Think about what it takes to close someone. No like and trust. Well, all of a sudden, you feel known because they did it. You like people who know more about you and what else do you do? You trust people who know more about you because you approximate friendship. You approximate a relationship and you do and you get to do a ton of that at the first second of the call rather than taking the five first minutes to the call to show that you don't know what you're doing. Right as I started selling gym owners rather than weight loss when
Starting point is 01:34:50 I was selling my turnaround business, I started getting leads, but I didn't have any, like, methodology. So, like, I had a webinar. It didn't work. And so I just started finding people on Google using their emails. And so I'd find their social profiles. And I'd literally have to piece together, like, a profile of who this person was, because the only thing I was collecting was an email for this webinar. And so I'd find, like, three or four social profiles, and then I would connect with them, and I would do some research so that I could make my reach out and not look sketchy as hell. And so when I would do my reach out, I would have all this data that I put, I was almost like a little profile together about them. And so when I hopped on the phone,
Starting point is 01:35:24 they were like, whoa, like you know a lot about my gym. And I was like, well, yeah. And I saw that, because I look at the images and me, like, so I saw your square footage layout. I think if you move this here, this might actually be able to allow you to double the amount of usable square footage that you have for the sessions. And that would help me sell more people into your gym. So I don't know if you're open to something like that. But now I'm coming with like, I see the problem. I also have the solution because I thought about it before we got on the phone. because I don't want to waste your time trying to figure things out now. I want to figure them out beforehand, come with you with solutions.
Starting point is 01:35:52 And this is when I started now, so I didn't have a reputation yet. So I had to build the reputation by showing up and providing more value than other people were ahead of time. And this is where, like, if you're new and you're coming into a space, you win through prep. Like, the big guys have the reputation. The small guys went through preparation. The best salespeople take notes. This is one of those things that is just like prep, but it preps you for the next call. And so you do your public preparation with what you can find and observe.
Starting point is 01:36:24 You do your second call preparation with what you find out on the phone. And I'm telling you, if you hop on the phone and say, oh, yeah. So you've got your daughter, Sarah and Jessica, and they're at, you know, Colorado, and they're finishing up. And you've got X, Y, and Z happening in the business. Is that correct? Okay, cool. Just making tricks. Just read over some of the past notes before I got on the call.
Starting point is 01:36:42 They're like, oh, wow, I don't have to re-say my whole life story again. This guy, now when this guy makes recommendations, I assume he does it within the context than my business. Because one of the big things when you are selling something is that people want to make sure that it, not only that it works, but it's going to work for them. And so you can address that concern before it ever comes up by proving that your recommendations are contextual. This is also what switches you from being a salesman to a consultant. This is what switches you from somebody who's just trying to close to somebody who's trying to help. The most brilliant salespeople listen more than they talk. And this is one that people get wrong all the time,
Starting point is 01:37:21 is that they see super talkative people. I mean, moms in high school are like, you should get into sales because you don't shut up. No, that's not always the case. That's what bad salespeople look like. And unfortunately, the thing is, is the best salespeople don't come off as salespeople. They just close.
Starting point is 01:37:39 And so people don't feel sold. They feel like they bought. And so everybody buys stuff every day all the time. And they're buying from companies that have salespeople, and they don't know it. So when you go to a restaurant and they ask you if you want dessert, that's a sale. They get commissions on those things. And if they do it in a weird way, you're like, I don't want to be sold.
Starting point is 01:37:59 If they do in a great way, you're like, oh, I'm so glad that person made that recommendation. And so you never felt like you got sold. You felt like you bought. And so the problem is that the reputation of salespeople is terrible because you only remember the bad ones. We actually did this big study because we have a huge amount of sales calls that we can look at across the whole portfolio. And we use software that analyzes the calls with AI and all that stuff. We can see what's talk time versus listen time. and the best salespeople listen twice as much as they talk.
Starting point is 01:38:22 And so the little isms that I have for this is that the person who's answering the questions is the one getting interrogated. You don't want to be the one getting interrogated. And whenever you answer questions, you give the other person something to attack. And so you want them to be answering so that you have things that you can pick apart and move around. If you're the one answering questions, then you're the one who's getting picked apart and has things that they can disagree with.
Starting point is 01:38:45 I want to be like smoke, right? they can't catch anything that I say. And so if someone says, you know, hey, well, tell me, tell me what makes you better than your competition? I'd be like, well, what things you're looking for? Right back to them, right? It's like, it's like hot potato. It's like right back to you.
Starting point is 01:39:01 Well, I would want this, this, and this and this. I'm like, why are those things important to you? Right? Back to you. Right? Like, I can do this all day, right? Like, I cannot answer. Because the thing is, is that they believe nothing that you say.
Starting point is 01:39:12 They believe everything that they say. And so I need them to say that it's a good idea, not me. When I started selling weight loss, I realized really quickly that I had an agenda of what I wanted to tell people they needed to do. And I realized that I didn't have time in 15 minutes to re-educate someone their last 10 years of life of all the experiences good and bad that they had prior to me. What I needed to do in that moment was get them to buy. And then I could spend the rest of my time trying to do the real education stuff. And so I wanted to simply align with where they were coming from to get them to make the sale. And so that was why I started asking, what have you done before?
Starting point is 01:39:50 What did you like? What did you not like? Rather than picking apart the things they did. And then they'd be like, I actually really like that about that other thing. Lost the sale. Only takes a few times of doing that to be like, I'm going to shut the fuck up and just let them tell me what they liked. And then I'll say, we're like that and not like that. And so the whole concept here is you want to educate the prospect so that they can come to their own conclusion.
Starting point is 01:40:11 And so the only gaps that you're filling is hard in front. And I only give that information after I already know it's the right answer. And so just like lawyers don't ask questions when they're on the stand that they don't already know the answers to, should never ask for the sale unless you already know they're going to buy. And so there are times, and this is where pattern recognition is helpful for salespeople, this is what the brilliant salespeople do, is that if they're like, I don't think he's ready there. I don't think he's ready yet. And it's like, you don't go for the kill. You just ask more questions. Like, I feel some hesitation. Like, what are your main concerns right now? Like, I'm feeling some hesitation around price. to me about that. There's two ways, by the way, if you're weirded out about asking questions, is that you can both give commands or ask questions. And so you can change the cadence up in the script by saying, so instead of saying, for example, hey, how's it going? It's an easy first thing. A lot of people say on the first thing in the call. But if I say, tell me about your day, it's a very different thing. Because it, it, people have automatic responses to questions they hear all the time. And so if you want to break a pattern with somebody and then
Starting point is 01:41:10 get them more present, you say, tell me about your day. And then like, oh, uh, uh, you know, I mean, it was good. I had a couple calls before this. And you're like, oh, that's fantastic. Is that related to this thing? Because I looked you up online. Totally different perspective on that salesperson in the first 30 seconds, right? So they listen more than they talk.
Starting point is 01:41:27 They are like smoke. You only answer questions with questions unless you already know that the statement that you're going to say is in alignment with what you know the person wants. And so if they're like, tell me why you're different, then I'd be like, well, what have you done in the past? Because then it'll give me more context so I can help explain. Now they're going to say all these things. They'll be like, well, what did you like about that?
Starting point is 01:41:48 What did you not like about that? And so when I get to the point where I actually have to say what are things about, I'm going to highlight all the things they liked about the other stuff and I'm going to not highlight the things they didn't like about the other stuff. And all of a sudden they're like, this is perfect. I'd be like, what do you know? I just asked you the questions to the things you wanted. And as long as they are the things that we can actually provide, I highlighted those features
Starting point is 01:42:05 about our thing because I already knew which piano keys to play because you told me. They breathe the script. And so the reason I use that is because that is the best thing that is the best thing. That is the best description I can give is that they can say it without thinking. Just like you breathe without thinking, they can say the script without thinking. Because you can't listen to a prospect if you're waiting to talk because you're trying to remember what you're going to say next. You need to know all of the script like the Bible or like something that you've memorized in the past so that you can be 100% present with the prospect and listening. And so my favorite isom around this is again.
Starting point is 01:42:43 And the first time I learned this was I saw an acceptable. sales trainer training a rep and he was just drilling them on the opening 30 seconds of the script And so they did the script and I heard and I and I and I was watching him listen to them while giving them visual cues And so this is this was a huge advancement in terms of my understanding of selling happened because before this I knew how to sell but I couldn't transfer the skill But this guy was sitting there and he was like yep, yep, yep pause harder on this word. Do it again Nice. Do it again. Nice one more time nice, keep going. And so he would get them to drill it three times in a row the right way after making the
Starting point is 01:43:23 correction, and then he would keep going in the script. And so the point was, is that if you're a salesperson, you need to be able to do it again and again and again because the word concision matters a lot. You don't want to be one of these salespeople that takes a hundred words to say something you could say in five. It'll also make your sales way longer. So, again, the best salesperson can take more calls because, They shorten the call required.
Starting point is 01:43:48 A mediocre salesperson will do the script in the beginning and it'll close. And they will have coughed right before they ask for the close. And then the person closes. And so they get reinforcement for coughing. And so the next sales call they take, they add a cough in and whether that person closes or not, they're like, well, it worked on that other one. And so all of a sudden they add coughing in right before they close. Now the next time on the time that they closed, let's say on their fourth call after this, they
Starting point is 01:44:13 also added a second question in before the close. So they add the second question in, and then you see where this happens, is now they cough and add a second question to every single call that they do. And by doing this over time, the length of the script and the length of the things that salespeople do continues to expand because they get positive reinforcement. But the reality is that that person might have just been willing to buy no matter what. And so the script gets longer and longer, even though it might not have nothing to do with what was required to close. And so you want to be as concise as seemingly possible, and this is what the best salespeople do, in order to close the most salesperson. day per unit of time because the less time you're on the phone after you make the sale, the more time you have to fill your calendar back up and close more deals. And so the three tactics, this is the sales
Starting point is 01:44:54 managers, is that you rehearse the script every morning. They do role plays, meaning, let's pretend like a prospect. Like, you got to get over whatever your weirdness is with roleplaying. Like, I don't know what it is, but so many managers like don't want a role play. Like, get over yourself. You have to role play in order for them to get good. And when you do the role playing, you work on specific part of the script because if you're doing every morning you're going to work things pretty quickly but you're like today we're just going to focus on the intro today we're just going to focus on the clothes today I just want you to focus on how we're overcoming spouse overcomes I want you to overcome I have to
Starting point is 01:45:30 think about it issues I want you to give me two or three bangs in a row to overcome that obstacle because you seem to be struggling with it right and so by and you just keep hitting it again and again and again so that when it comes up they they just breathe it out rather than thinking about it also because no one can improve multiple things at the same time. So when you say, hey, there's nine things you did wrong. One, it's incredibly discouraging. Second, they can't improve any of them. And so if you look at any good skills coach, whether it's a basketball coach or it's a painting coach or a sales coach, they work, they might see that you have a hundred things wrong with your game. They're just going to
Starting point is 01:46:00 focus on one at a time until they clean them all up, and then all of a sudden you become an exceptional salesperson. So I said I had nine, but I have way more than nine. So enjoy. So here's number 10. They kill zombies up front. Now, that's the term that we use internally. You can say diffuse the bomb, which is one that I did earlier in my career is what I used to say, but I'm Middle Eastern, so, you know, we had to change that. The formal definition that I use is you've got obstacles and you've got objections. An obstacle occurs before you've mentioned the price. And so if someone says, for example, I have a special snowflake thyroid issue, right? And you're trying to say, like, you need to do this thing to lose weight. You know that that's going to blow up on you in the
Starting point is 01:46:36 sale. See, we're doing bomb references. So you have to address it up front. And it's much easier to address things before you ask for money than after. If you do it after, it's called an objection. All right. So I say obstacles are up front. You want to avoid them. You want to move around them. Right. I mean, you have to crush through them realistically. But you get through those. And then objections you have to handle. But now the time is ticking on the bomb. Like now you have a short period of time before it blows up on you. Or the zombie is about to bite you. Whatever analogy you want. Spouse, for example, or decision maker, or I'm not going to have time to do this thing. Or there's elements of this, you know, program or implementation that aren't a fit for me. You want to address all that stuff up front so that you've handled everything. thing before the stakes get lifted when you mention price and then you go for the close. And the obstacles and objections that you handle are always the same. And so they're going to bubble up to three main things. One is going to be circumstances. So circumstances is going to be time. It's going to be money. It's going to be things about this specific program or implementation. Those are all circumstances. Those are outside. The next is going to be other people. It's going to be
Starting point is 01:47:37 my wife, my employees, my kid, my business partner, somebody else has decision-making authority. And the third is going to be myself. Somebody who themselves doubts that they can do it or that they will be successful or that it's the way they want it to be done. The good news is that most of the time when you are diffusing these bombs, they start with the outside because time, money, fit is what I like to call it, are things that are really easy to cast blame to. And it's almost a, it's a response, right? It's like they don't have to think about it. Like, I don't have time. I don't have the money.
Starting point is 01:48:09 I don't have the card I want. Like, I don't have the, you know, whatever. If they talk about an authority figure, then it means that, like, it's like, it's like, I don't have time. Like, I would do it, but this person's in the way. And so now you're one step closer to the decision maker. Once you handle that, if you have somebody who says, I need to think about it, that's actually great because it means you're already two layers of the onion deeper to just like, you're talking to somebody who's in power who can make the decision.
Starting point is 01:48:31 Great. Now you just have to help them make the decision. And so you should know all of the key fundamentals of how to overcome these. Now, you can memorize each of them, which I highly recommend. But I think it's also good to understand the fundamentals. And so this is what the best salespeople do, is that they have key stories or metaphors to break the belief that the person has around that obstacle. So, for example, if someone says, hey, I can't decide today because, you know, my husband and I make all of our decisions together, right? Now, this depends on the nature of your sale.
Starting point is 01:49:06 If you're in a transactional sale, and I would say like a consumer-based sale that's under $1,000, maybe $2,000, Usually you have to do that right there. If you have like a B-to-B sale that's going to be a multi-call sale, then you might have to bring in stakeholders. And so this is one of the nuances that depends on the thing you're selling in the price point. But the way that the best salespeople do this is that you play out something in the past and you play it out in the future. So with the decision maker, you'd say, hey, so let me tell you about this girl, Susan.
Starting point is 01:49:36 She was just like you. And she actually had the same issue come up, where she was like, I don't do anything without the consent of my husband. And you know what happened? She walked out. Her husband said, I don't want you to spend the money. I actually saw her a few years later. And when I talked to her, I said, hey, so how's things going with the, you know, the fitness stuff? She was like, oh, they're not. And I was like, oh, why? She was like, well, my husband never lets me do anything. And I was like, oh, geez, that's got to be kind of rough. And she was like, yeah, it sucks. And so the thing is, is that if you play it out into the future, like, you're going to end up resenting that person
Starting point is 01:50:11 because they're not letting you do what you want. And so I think what you're asking for is permission when you really need support. That's how you go from past to future, right? And so then you can play it out with this person. So let's play it out five years. So over the last five years, you've gained five pounds a year, so you're 25 pounds heavier.
Starting point is 01:50:26 So five years from now, if you're 25 pounds heavier than you are right now, they're like, oh my God, if I'm 25 pounds heavier than I am. But that's just the track you're on. And so let's play it out. Like, what if they say no? And so sometimes they're like, well, then I would do it anyways. then you're like, awesome, let's sign you up. Now, one out of three times, that's actually what happened, which is crazy. I still been blown away by that. But then the two out of three times, then I go, you want permission not support. Now, if you're looking at time or money, for example, then you say, hey, we need resourcefulness in our resources. So it's like you have your little isms that you can remember. If it's time, then it's, well, is it a seasonal thing? Because if it's a seasonal thing, it means you're busy right now and you might be less busy later, that assumes that you'll never be busy again. And so,
Starting point is 01:51:10 Do you want this thing to be long-lasting, this implementation, or do you want it to be just like only for the time that you're not busy, and then you'll fall off again when you get busy? Well, shoot, I want it to last forever. It's like, okay, well, then you should probably start when you're busy, because that's what I'm going to be giving you the most support is now, so that when you get to the free time, it'll be easy coasting. And when you get busy again, you know how to stick with it because you had the support, right? And so again, it's like you have to be able to dismantle these things as you understand all of these. there's a fundamental underlying fallacy of giving away power to something else because people don't want to make mistakes. They don't want to fail. And so they come up with all of these excuses. They come up with time. They say, like, that's the seasonal thing. You can have time in terms
Starting point is 01:51:48 of the micro, which is, I don't have time in my day. I'm like, well, you're here. So when were you imagining? This is why you do this up front. When were you imagining it? How much time can you dedicate to this implementation, to this SEO agency, to this wheel off program, whatever it is, right? If you ask that up front, then if they say, oh, I don't have time with it, then you say, well, what changed between then and now? Just so I have understanding. Did I ask the question in a weird way that made you, like, not understand it? And again, this is where tone matters a lot because now you're in the red zone, right? Now it's like the bomb's way more sensitive because the time ticker's going. And so we want to be extra. This is where rapport is so important in the beginning because I'll add this in. This is a bonus one. I call it the ghetto tone. Okay? And I learned this from Sam Backyard. So he had a personal training business, and that's why I, I shadowed underneath when I got into fitness. He let me just work for him for minimum wage. And so I learned how the gym business worked. But anyways, I saw him have this, you know, rich white lady doesn't put her weights back, right? And he was still training at the time. Like, he was training sessions a little bit. And so he was like, girl, he's like, I know you ain't about to leave my gym without putting your weights back. And he's a Persian dude, right? But he would get into this kind of like ghetto, like, whatever you want to call it, way of talking. And she'd be like, fine, I'll go put them back. And I thought about that and I was like, man,
Starting point is 01:53:10 if I had just been like, hey, Susan, can you put your weights back? Like, she's like, I pay for personal training. You can put my weights back. Like that could get really bad, really fast. But when you say it like that, all of a sudden it's like, I'm communicating the same thing and I get the desired result and they think it's fun and lighthearted. And so in the same sense, when you're in the clothes,
Starting point is 01:53:31 I use a tonalty to diffuse hard conversations. So I say like, girl, I was like five minutes ago, it's like you had four hours a week. I was like, what happened to my four hours? If I say that, no one's going to be upset with me. They'd be like, well, I mean, I didn't know that it was going to be X, Y, and Z. And then I'd be like, fine, I know. And then tone switch. And you're like, what's really going on?
Starting point is 01:54:00 And then you get the real stuff. because guess what? Closers ask hard questions, right? And they're the questions. It's the place where you don't want to go versus where you need to go, which is you want them to diffuse the bomb in front of you, not when they get home, right?
Starting point is 01:54:16 And so you don't want them to sit with the decision. You want them to confront. It's like you might be wondering, this is a lot of money. Let's talk about it. You might be wondering if your husband's going to be against it. Well, let's talk about some reasons that he might not be against it.
Starting point is 01:54:27 Let's talk about what your business partner will say if you buy this without their permission. Let's talk about that, right? And so you want to confront those ugly things. You don't want to, because like you're not, like, if you take anything from this, the best salespeople want to confront it because they're better at selling them than they are at selling themselves. So you want them to confront the obstacle in front of you so that you can help them through it. So don't wait for, like, you're not going to avoid it.
Starting point is 01:54:54 I promise you, you think you're avoiding the landmine by like, because sometimes you hear that thing in the beginning of the call and you're like, oh, that's a bit, I don't know if I want to blow the call. Dude, it's going to blow up in the clothes. If you can't even confront it before you've mentioned price, it's definitely coming up after you mentioned price. So like, confront it now. So one of my favorite ways to get to the hard question is asking, what are you afraid of happening? And then I follow that with, let's just play it out. A lot of times it's like people don't even want to look at what's going to happen.
Starting point is 01:55:21 It's like, no, let's play it out, right? Like, I remember I had this sale that happened where I had a lady who was like, I follow Dave Ramsey and I have envelopes of cash. And if I give you this envelope, that's my grocery money for the week if I do this program. And I was like, okay, well, what are you afraid of? And she like paused. And I was like, is it that you won't be able to afford food? I was like, would you be afraid of that? And she was like, well, yeah, because she thought she was going to win the sale that.
Starting point is 01:55:50 But it was a trap. And I was like, but you're trying to lose weight. I was like, worst case scenario, you don't afford food, you lose some weight. I was like, win, win. Now, I did that with a good tone, so she got a laugh out of it. Right? And I was like, but let's be real. I was like, have you ever bought anything in the past that you weren't sure you could afford? I was like, and where are you now? You still survived. You're not on the couch. Right. I was like, we always make it work in the end. Right. And you have to cut somewhere else. I was like, this is something that's going to last week forever. Like you have all these clothes. I was like, you want to make all of them look better in six weeks. I was like just lose 20 pounds. What are you afraid of? Let's play it out. Best case, worst case, worst case. When you do that, you can basically take away the emotion from the decision and say, okay, worst case scenario, you're on your friend's couch. And you know what? You were poor before this and you were happy then too. So worst case scenario was in the same position you've been in before and it was fine.
Starting point is 01:56:35 Best case scenario, you change your life forever. So does that feel like a bet you're willing to take? Right. And so if you just, you want to confront it and then walk into what they're afraid of and just say, let's play it out. So this happens here, this happens here, best case, worst case. And I can tell you that I've probably closed more sales on best case, worst case, than any other clothes I have. Ask for the sale again. And so this is a big one.
Starting point is 01:57:02 If you do not ask for the sale, you will not get it. That is a promise. Once you ask, if you ask again, you'll increase the likelihood that they buy. Now, there's a right way to do this and a wrong way to do this. If you just ask again when someone says no, bad look. If someone says no and you ask why and then you resolve the why, then you ask again. And that makes sense. It says, hey, I can't make Tuesdays. And you say, no worries. If we're able to do it on Thursday, would that work for you? And they say, yes, they say, awesome. So you want to move forward? You ask again. Right. So all you're doing is resolving the concern. There's terms in the industry called looping or, you know, obstacle overcomes, whatever wording you want to use is that
Starting point is 01:57:40 you resolve the concern and you ask again. And you can do this literally unlimited times as long as you resolve the concern and then you ask again. I mean, Layla will tell you that like, if it was either a Sunday sale, because I usually had way less calls on Sundays, or it was the last appointment of the day for me, she just knew that I would always close that sale because I would just have unlimited time because I was like, I will just keep going. And, and And so I will ask again and again and again. And I had a partner back of the day. I don't know if I liked the visual, but he's like, he's like, you're like a pit bull on
Starting point is 01:58:11 someone's ankle. He's like, you just will not fucking let them leave. And I was like, it's because I think that they need it. They came in because they're trying to lose weight. We sell weight loss. What's the problem? Like, we just have to figure it out. And usually it's just like, it's mounds of stuff you have to unpile of all these
Starting point is 01:58:26 excuses of all the times that they've been unsuccessful in their lives. It's like they came in because they want to solve the problem. And when they could confront it with the decision, they get fined it. freaked out again because they relieve this past traumas of the things they've tried and then feeling like a failure and then they associate that failure with you in the moment. You're like, hey, Susan, calm down. We're just going to have you eat some fucking chicken and walk a little bit. It's going to be okay. And so the best closers come from the frame of helping the prospect. And so I will tell you this right now, the best salespeople care more about the prospect than they do. So whoever cares the most
Starting point is 01:58:58 about the prospect wins the sale. And so if they care more about themselves, then they will win. Now you're like, well, of course they're going to care more about themselves. If you have more context than they do, which you should, because you know more about the product than they do, you should be able to have the best perspective to say, no, I'm not going to let this guy's limiting beliefs get in the way because I really want to help him or really want to help her. And I can see that today, it feels safe to retreat back to not taking action on this huge pain that they have. But I can see how this is going to play out because I've seen 100 other people just like them, walk out the door and I see him a year later and they're the exact same position or worse.
Starting point is 01:59:31 And I don't want that for them. And so if you keep the human at the forefront of your mind when you're making the sale, you'll never come across pushy because they can hear the intention, they can hear the tonality in your voice, but you actually just trying to help them. So when you ask for the sale again, having key stories and metaphors that you can use to break beliefs is what allows you to then ask again.
Starting point is 01:59:53 And you can do that literally unlimited times, as long as they have time and you have time, and you address the problem. Now, if you don't address the problem and ask it, then they're going to knowid. So you just want to make sure that you have an answer and you should have an answer because you've had this conversation before.
Starting point is 02:00:06 There's nothing they should be able to tell you that should surprise you. If we zoom out, we have a salesperson who has maximum hours, maximum days, they have as many time slots per day filled up with the best prospects because they work them well. They have a plan before and after,
Starting point is 02:00:21 come prepared to the call and take notes and follow up with them, bam, fam, the whole thing. And when they're on the call, they're completely present, they breathe the script, they know how to handle obstacles, they have they have analogies and stories and metaphors memorized so they can help people overcome their issues. They stick to the script. They don't add to the script. They keep their word concision as tight as seemingly possible so they can maximize the number of sales they have per day and maximize the conversion rate of those sales. Fundamentally, sales, by the way, I should have defined this earlier, is increasingly likely that the prospect buys. That's all it is.
Starting point is 02:00:51 So everything that has to do with sales, like if you had the perfect sales process, it means you would account for every single. single variable that could ever happen to any human, and you'd get 100% of people who go through this process to buy. That's what a perfect sales process would be. And so it's a percentage conversion. That's all it is. And so with that, we have maximum opportunities, maximum percentage conversion. We have an amazing saleser up. But what if they can only do it for a day? That gets into the third bucket, which is what I would consider meta skills, which is traits of the best salespeople. The things that most salespeople struggle with are trait issues, meaning they are on and then they're off again.
Starting point is 02:01:29 They're on and they're off again. They get motivated. They get demotivated. Motivated, demotivated. If you feel like this, then it's a skill deficiency. You just don't know how to sustain performance for a long period of time. And I promise you, the difference in champions that everyone else is they can sustain performance. It's not like, I don't know if sales is for me.
Starting point is 02:01:44 I don't know if I'm growing enough in my world. Dude, here's the clear deficiencies. You can't stay consistent. There's some growth that you can tackle right now, being consistent. Another kind of meta skill around this is enthusiasm. Like they're enthusiastic one week, they're not enthusiastic the next week. Being able to sustain and maintain a high level of enthusiasm for with the role and when you're on the call is a skill. It's a skill.
Starting point is 02:02:05 You whistle while you work. You've got to learn how to do it. You've got to learn to like the stuff you don't love so you can do the thing you really love, which is sales. The best salespeople kill for sport. So let me tell you this a little analogy. Notice a little analogies? So I heard this from Mike Arsene. I just love this.
Starting point is 02:02:21 He said, there's three types of salespeople. There's dogs, horses, and tigers. He's like, dogs, you got to feed them, and if you don't feed them, they starve to death. And you got to give them off this attention. You got to rub their bell every day. And the moment you stop, they die. Horses, they will gallop as long as you keep whipping them. But the moment you stop galloping, they just go down to a trot.
Starting point is 02:02:38 He's like, but tigers, he said, a tiger can eat a full meal. But then if a bunny walks across his line of vision, will kill the bunny for sport. He's like, you want tigers. And I love that little analogy because the best salespeople that I've ever met my life, They love sales. They love the thrill of the clothes, of the hunt. When I was selling weight loss, I would sometimes have homeless people and things like that that would come in who would respond to my ads. It would happen, right?
Starting point is 02:03:04 I had two ways to take it. I could try and not take it seriously, try and just like basically just get through the sales so I could move on with my life. Or I could see it as free practice. And what's crazy is the amount of times where I judge someone as poor and turned out that they just dress different, I don't know anything about that. was more times than I can count. And a lot of them were like, hey, I appreciate you just like, you know, treat me well. I was like, of course.
Starting point is 02:03:29 I was like, this is a business. Your money spends the same. And so you either practice the skill or you close. Either way you win. It's a lot like lifting weights where if you have your warm-up reps and they look different than your heavy reps, you're actually not practicing at all. So you're wasting all these opportunities that you could be practicing your skill,
Starting point is 02:03:49 sharpening the sword, which we call it in the sales world. you could be sharpening you short, but you're actually making it duller because you're practicing the wrong way. You're learning bad habits by not taking the sales seriously. So the best salespeople kill for sport. And so I had a, I'll tell you a Jacob story, which is my young, my young, you know, started with me at like 15. Now he's been with me, however many years seven. He started as a low man on the totem pole. And so when we would have lesser qualified leads, they handed all of them to Jacob. He's like, I'll be the garbage man. He's like, I'll take anybody's leads. He's like, I just want to get good. I just want to practice. And so he's trying to try to take as many reps as he possibly could. And guess what happened? He started taking more reps than everyone else did. And guess what happened after that? He got better than other people did because he took more reps and he took every one of these as a fucking gift, which is what it is, is that someone's going to give you the time to learn the skill of sales. The business paid for that lead. Maybe it's less qualified. They paid for it just the same. And you have the benefit of learning. The amount of people who want to learn how to sell better and are unwilling to take, quote,
Starting point is 02:04:46 unqualified leads is ridiculous to me. It's free practice with stakes. And you still have the of winning and closing a deal. Track data. The best salespeople track data. And so they're meticulous about the data they track. And so let me explain this. So you can judge, and I've just seen this across my portfolio, the skill of any person in any endeavor that they practice by the quantity and quality of the metrics they track. And so if someone says, oh, I'm good at sales, I'd be like, cool, tell me about the metrics you track. Now, if they're like, oh, just close rate, it's like, well, there's so many other metrics that you could track to understand how good you are at sales because the close rate is really just an outcome. It gives you no leading indicators.
Starting point is 02:05:27 It tells you nothing else, right? I want to know what percentage of leads your booking. I want to know what percentage of scheduled things are showing. I want to know of show rate. What percentage are you offering? Of offer, how many of your closing? How many, what's your average call to close? Are you doing one call, two call, one point two? Like, what's your average number? What's your average number of cash collected? Like, there's so many other metrics that you can track to know how well you're doing as a salesperson. And yes, for everybody, like shout this from the rooftops. If you can get their schedule rate up by 20%, it's just as good as getting their
Starting point is 02:05:59 close rate up by 20%. And so there's so many other things in the funnel that the best salespeople know about closing about how to increase the total number of sales they get by controlling all of the other variables that are under their control. Now the bad guys, the dogs, are like, I only want these times and I want them to be spoon-fed to me and if I don't get them fed there and you don't pat me on the head, I'm going to starve to death and die. Right?
Starting point is 02:06:22 That's what the dogs do. And if you've got salespeople like that, they're dogs. I don't care how much experience they have. They're dogs. Right? Tigers are like, I want to be available to kill whenever, because I just love the hunt. I would do this for free. I'm just happy I get paid to do it.
Starting point is 02:06:36 Pro tip, if you are somebody who's running a sales team, if you want to increase the close rates across the entire team even more, give the best closers the best leads. And the way you do that is that you have to start by scoring your leads first, which means you actually have to track down. So you can see these people have the highest likelihood of closing when they have these three characteristics They close it away a higher percentage and then you give those leads to the best guys So fundamentally you'd want the worst leads to go to the worst guy the best leads to go to the best guy and everyone in between And so by doing that you actually match the org and so I actually had a salesman that I knew who was the top sales rep for a
Starting point is 02:07:09 TimeShare business and it's exactly what you think it is so it's a billion dollar plus company this guy was making three million a year in commission selling timeshares And I had dinner with him and I was like what do you do? I? differently. And he said, well, I won the sales competition. And so I got one hour with the CEO. And on that one hour with the CEO, which is the prize for winning the sales competition, there's 3,000 salespeople. It was number one. He said, I just said, if you give me the best leads instead of wasting them on these guys who are new, he's like, I will make you so much money. And so the guy experimented with his little division, and he five-xed his income as the sales guy. And then they took it and they rolled it out nationwide, and they 5x the business.
Starting point is 02:07:49 And so there's a huge opportunity in every business to give the best closers, the best leads, because you make more money. And what happens is that the best guys will actually make more and more and more money, which then creates a survivorship bias for new guys coming in. And so if you know that best guy
Starting point is 02:08:07 used to make $200,000 a year as the top closer, but now it can make $800,000 a year, the amount of salespeople that you will attract your opportunity will 10x. Now, even though the entry-level guys now make less than they did before, the opportunity, just like the lottery, the same reason people buy tickets is they assume that they're going to get there. And so by having it this way, you'll have people come in willing to make less because they know that if they perform well, they'll go to the big leagues. Now, the other benefit of this is that you train your new guys on the worst leads. So you lose the least money as a business, but they also develop their skills because they've got to learn how to big borrow its deal and squeeze blood from the stone.
Starting point is 02:08:45 from the least qualified customers. And so when they get to somebody who's got a 700 credit score and actually has intent to buy, they're like, oh, my God, this is amazing. Because they practiced on somebody who's, like, missing an arm and missing seven credit cards and they are in bankruptcy, and they're actually in the middle of a divorce,
Starting point is 02:09:01 and their real name isn't Al. It's actually Larry. And, you know, it's complicated. I'm a liquid right now. I'm between thing, you know, whatever. Right? And they're closing those people for lunch money. And so when you learn how to do that,
Starting point is 02:09:15 When you get to qualified prospects, you're like, oh, my God, this is amazing. But at that point, the business doesn't bear the cost. The salesperson does so that they can develop their skills. Because just being real, you're still paying them to learn. And I'd rather pay as little as I can so I can allocate the resources the best way possible in the business. My biggest pet peeve and the reverse of that is my favorite thing about the best salespeople is that they never blame circumstances. So whenever I have a salesperson who's like, the leads are bad, or, you know, these people aren't a good fit. or just like whatever BS that they can come up with.
Starting point is 02:09:50 Or like, I don't like the commission structure. We should change, like, just focus on the things you can control, right? And the guys that I love the most, never complain. They pick up the extra shifts. They call the leads the most. They work them the most. They're like, these leads are amazing. I'm so grateful to have these and be able to practice and get paid to do it.
Starting point is 02:10:09 And there's a time and a place for giving feedback on stuff. Group calls, not one of them. If you are one of these salespeople, you give it one-on-one with the managers to, hey, by the way, I've noticed, like, some people get on the phone just objectively, like, their credit scores are just consistently lower than they were a couple months ago. I don't know if we've changed anything on the marketing side. I'm going to approach the leads the same. I love the practice. Just thought it might be useful data for marketing. Right. That's very different than, like, dude, these leads are shit. I'm not taking these calls. Right. That's just a prima don't. And I hate that. And so, again, the worst the leads, the better you get to flex your skill. And the best salespeople take 100% of the and the best marketers take 100% of the control too. And so if everybody is taking absolute blame for every outcome, guess what? You win. We doubled one of our portfolio companies sales by tweaking several tiny things in the sales process and you can use all the same tactics in your business too.
Starting point is 02:11:00 Three young founders who are all sad because they were not making the amount of money that they wanted to make. So before I show you the data, let me explain what each of these terms actually mean. So show rate is the percentage of people who have an appointment who show up for their appointment. So in any business, if you deal with people, you will have sessions or appointments. Do you have a time slot that someone says they're going to show up? Right? If it's a sales consult, then they are a prospect and they're going to show up to get sold. So if I have 100 people who have an appointment and 70 show up, that would be a 70% show rate. The second one here is offer rate, which we forgot to put in the rate. So let me just put that in for you.
Starting point is 02:11:36 There we go. Offer rate, which is the percentage of people that we actually make an offer to. You might be like, well, why would I not offer everybody? Well, not everyone's qualified. And so So for example, if I work with only gym owners and somebody comes on as like, oh, I'm a personal trainer, well, you shouldn't be here. We had all these other things that said, don't be here. But you still came. Why are you here? That means that you don't offer them anything.
Starting point is 02:11:53 And that's it. Now, if 100% of people who showed up, show rate, you were able to offer to, then that means that your offer rate would be 100%. And that is an indicator of the quality of the lead flow that you have. The third is close rate. This depends on how you can track this. So you can either do it based on percentage of people who show or you can do it on a percentage of people who are offered.
Starting point is 02:12:10 What I normally do is I'll just track both. I'm gonna guess that this one is off of offer rate because it's what we have here. It's good to have both stats here because let's say a salesman wants to artificially increase his close rate. Well then he will just say, well, I'm not going to offer anyone unless I know they're going to say yes. And so then their close rates high and then they'll show that there's a really low quality score. But if that salesman, this is why having team stats is so important and individually is because if the team is all saying that they're off rate 70 and one guy saying his off rates 30, but he has 100% close rate and they all have 30% close rates,
Starting point is 02:12:38 we know where the data went. And this is why having high quality data allows you to see what the problems are. If I didn't have this percentage, then I wouldn't know it's because we have low quality leads or because my salesmen suck. This data allows me to identify the problem and then fix it. So the fourth set here is percentage of cash collected up front. Meaning if we're selling $1,000 widgets and the average cash we collect today is $500 because people do payment plans, then we would know our cash collected percentage would be 50%. If I have a low close rate but high cash collected percentage, that would tell me a different story than a really high close rate and really low cash collected percentage. I'd be like, oh, so they're just getting anyone to say yes and taking $10 down if they can versus somebody saying we have a hard line. And so it's really trying to find the magic between these two and saying, how can I get
Starting point is 02:13:20 as many people to say yes and get as much cash collected up front? The final one here is just units sold. And this is really just the output of these four. Well, if we multiple all these things together, how many do we end up closing? And that's the result. So beforehand, damn, we had a 49% show rate. So let's say we have 100 appointments. Now we have 49 who actually show up for their appointment.
Starting point is 02:13:38 And then of the 49, we're able to offer 83%. of them beforehand. So 80% of that is 40. 40 people now are getting offered out of our original 100 appointments. Of the people get offered, 27% of them, which is 10 people, roughly, are actually buying in that closing percentage. And then our cash collected from those 10 people is we're getting a little less than half of the cash that we closed down. Now, I gave you 100 as a number, but the actual number of units sold for this business in the prior month was 56 units. All right. So this is current state. If you don't know these numbers in your business you should so that you can improve them let's say I invested in your business today the first thing we do is get the
Starting point is 02:14:16 data so that we can see what baseline is so we can see where the discrepancies are and where we think the biggest opportunities for improvement are and you're gonna have to wait till the end of the video I'm gonna show you what happened after so let's start with problem number one or opportunity for improvement number one we had a low show rate as in based on our benchmarks of 70% for any kind of appointment type business we think that we should have at least 70 there Allen which is a company that I had all we did with show rates we were doing 4,000 appointments a day. We experimented. We had a machine learning team to think like
Starting point is 02:14:44 what was the number of communications that we had to have with the prospect? What was the delay between responses that got the most people? What were the total number of exchanges? How far apart were the exchanges? There is lots of data that we were able to collect. So their number was 49% of appointments were showing up. What we wanted them to be at was 70%. This is our benchmark where we'd say, okay, this isn't a problem anymore. Now do we want to improve things? Absolutely. But where are we going to allocate our effort at the constraint? This was a constraint. Now to give context here this delta is a 40% difference 40% is a lot think about the S&P 500
Starting point is 02:15:16 they're like we try and grow 9% a year it's like boom I unlock that I get 40% growth I don't do anything else for for that's what we look for lots of things can affect show rate by the way the number one one that affects sure it is number of total time sites I've available take that to the bank but one of the other ones is the targeting and the offer itself so targeting is who's actually seeing this promotion if I'm targeting teeny boppers for example I might get people to schedule, but then realize that they're not here for a laser hair removal appointment. So the targeting there would be off. And so that would affect our show rate. And that has nothing to do with our lead nurture sequence or our salesman or anything like that. It's just the
Starting point is 02:15:52 wrong people we're seeing it. So that was issue number one. For context for us, just imagine that's underneath, it was 25 to 35 year olds who were gainfully employed and love their job. And this, when we came in to look at it, was actually targeting 18 to 24 year olds. The reason that this was far off for us is that the ad objective now I'm going to get a little bit tactical with you ad acquisition not comment hold co we have media buyers we have pros who do this for a living and so when they zoomed in on how their media buyer was optimizing the traffic they were optimizing it's what a lot of people would initially think they should do which is optimizing for the lowest cost leads and the lowest cost appointments what we had to do we switch to optimize around cost per sale if we can optimize around
Starting point is 02:16:30 who we actually sell to we will shift where the sales come from and just to give you how big of a problem this was they had to cancel 75% of their appointments before the 49% show rate the sales guys are spending most of their time just looking at their appointment looking up the person canceling to get their 49% show rate and that's about the closest thing to literally burning money so the second big problem was multitasking and this really goes for any role but especially like sales driven roles they had a setting team and a closing team and the setters were both trying to call leads to get appointments and then also nurturing and doing the follow-up to remind them of the appointment and as similar as
Starting point is 02:17:03 that may sound in your mind, it's two completely different activities. You're banging phones, calling people up, you're in that flow, and then you're like, oh, wait, Sarah has an appointment today. Let me go over mine Sarah. Does Sarah interrupt it? And they're like, wait, I'm calling. And then you start, like, and it's, you go back and forth, right? So they had three big issues. Number one is that they weren't double dialing, right? Which is one of the most common things that you can do, by the way, if you're doing phone calls, because a lot of initial screens will stop the first call, but if you dial twice, you'll get through. Number two is that the time to contact was too slow. So lead would come in and they would just like sit there.
Starting point is 02:17:33 for 30 minutes, 60 minutes, an hour, two hours, three hours, right? And they weren't getting contacted. It's like, what did this person do? They're like, oh, I'd like to find out more information. Nothing. And the third thing is that they didn't have the right time to set appointments and they weren't nurturing correctly. So we go same day next day. I'm just giving you some secrets. And they didn't have morning of nurture. Meaning, if you have an appointment today and you booked this appointment three days ago, if I don't remind you that day that you have an appointment, the likely that you show is lower. And so these are the problems that they have. No double dial, slow speed to contact, and they didn't have any mourning of nurture.
Starting point is 02:18:05 But wait, there's more. The second problem they had, or opportunity for improvement, was that they had a low close rate. And this is based on our benchmark. I would normally give you a KPI, but it has so many different variables in terms of what percentage close rate is.
Starting point is 02:18:17 Because if you're selling in person, for example, for a low ticket thing, you might be able to sell 80% plus of people walk in the door. On the flip side, if you're selling an investment opportunity over the phone on a first or second contact, you might sell 5%.
Starting point is 02:18:30 But for this particular type of sale that they have, which was a two-call close for like I would say a mid-price consumer service in my opinion they should have been about 40%. So 40% is what I wanted them to be at and then current was 27%. So this is where they were, this where we wanted them to be. And again, for context here, this is about a 50% improvement. So problem number one is that they had service level discovery. If you're not familiar with that terminology, in a sales script, there's different kind of phases that you go through in a conversation. And the opening part is often a little bit of rapport and then right after that you get into discovery. Discovery is where you're discovering,
Starting point is 02:19:02 with the problems that the person is going through. You're trying to understand why they are, where they are, why they're on the phone with you, why they decided to take time out of their day, why this problem's imported them, what they've tried in the past, et cetera, et cetera. This is the discovery. This gives you all the ammunition
Starting point is 02:19:16 that you're gonna use at the end of the sale to close it. So the way that they were doing was simply saying, how much money do you wanna make? Just asking the one question, which is the big obvious question. It's surface level. But the big thing that you always wanna ask when you're selling is intention.
Starting point is 02:19:28 Why do they want this? Like, what changes as a result of this? How will your life look different? What can you not do now that you would be able to do as a result of this change? Who else in that in your life with that effect? Why does that matter to you? Right?
Starting point is 02:19:40 And so these are all why questions and it's just to dig up their intentions. Because if you can understand why someone's there, it's much easier to get them to agree to getting them there, right? But if you don't know that someone's trying to, let's say replace their income versus quit their job versus just have side hustle money,
Starting point is 02:19:58 those are very different intentions. If I wanna talk to side hustle money, I'm probably not gonna be like, this is going to take a ton of time. On the flip side, if someone's like, I hate my job, I just want to do something that's not this, then I might talk about what the day-to-day looks like in this scenario and ask them if that sounds better to them.
Starting point is 02:20:13 So if you think about sales process, what they were doing is they were asking questions that were here, surface level. But this is where all the meat is. And that's where all the money is, is the questions that are below the surface, is understanding why someone's even doing this to be in with. Look that iceberg.
Starting point is 02:20:30 Killer iceberg. And so the second issue, issue is that they had a lot of objections coming up on the call. I'll say objections, but I also mean obstacles for those of you who are sales sales senseys. Objections happen after you talk about the number obstacles happen before. You talk about the number. If you come on the phone and I say, hey, why are you here? And you're like, I just want to find out more information. That's actually an obstacle. Like you already have to confront that because like, no, you're not hopping on phone calls all you're trying
Starting point is 02:20:51 to find information. What problem you're trying to solve? And then they're like, well, and then you get into it. Right. But if you don't address that up front, it'll blow up on you in the clothes. So objections and obstacles is what they were encountering a lot of. Part of that is because their discovery was wrong, right? They were talking to service level, so then lots of shit was blowing up on them in the clothes. Common objections that happen after you present price is this is too much, I need to think about it,
Starting point is 02:21:12 I have to talk to my spouse, I'm not sure if this is for me, I'd like to get more data, can you send me a brochure? Like these are all just the make-believe things that people will say in order to not buy from you. Interestingly, a lot of times, if you stay in the surface level, they'll even give you what we call smokescreens. But basically, they'll just come up with a reason that they're not gonna do it,
Starting point is 02:21:29 and it's not even the reason. They just throw a smoke bomb up and they're like, I don't like English, you know, walk away, right? It has nothing to do with it, they just wanna get off the phone. So those are the two issues that we had on the sales and that was getting us to this 27% close rate. And what this looks like is lots of argumentation
Starting point is 02:21:45 and like hard closing and it's because the sales am positioned properly and they were basically talking at people and not listening. If the sales person is talking more than the prospect in your sales, like these are likely issues that are coming up. I'm gonna give you two examples real quick. show you how important delivery of a message is. So if I say I have to think about it and I say oh what are your main concerns or what are the main like what are the main
Starting point is 02:22:08 variables that you're considering you're not thinking wow this guy's a douchebag. I sound like I just genuinely want to know. I call it childlike curiosity. I always cue it by tilting my head but I'm like huh what are the main things and I would increase my voice at the end there. An improperly trained sales person might be like well what are the main concerns you have and all of a sudden that sounds like a very different thing so they're saying the script but they're not but the prospect isn't hearing the same message and these are little details that actually can make a huge difference in ultimately how you close. There's a lot of things in tone, but I'll just say one is how you raise or lower your voice and the second is where you choose to
Starting point is 02:22:39 emphasize. If I say, I didn't say he hit his wife. If I say it like that, I have neutral tone. If I say I didn't say he hit his wife, then it's like, I'm not saying that. I didn't say he hit his wife. Is now saying that like those weren't my words. I didn't say he hit his wife. He's the one to question. I didn't say he hit his wife. Means like he might have done something else, but he did something to his wife. I didn't say he hit his wife. It could have been somebody else's. I didn't say he hit his wife. It might have been his kid. Right? And so it's the same sentence, but simply emphasizing different parts of it communicate different things. And so the tone and emphasis create a altogether package of how we communicate. And for them, their tonality was way off as a team because they
Starting point is 02:23:15 were missing the first five minutes of discovering and setting the frame properly. And so I'll give you the last set of problems. Opportunities for improvement. And then we'll dive into what we did to solve them and what happened. Sales problem three. Opportunity. improvement. People in org structure issues. So issue number one is that CEO was the sales manager. And that was because he was the best closer. He had a significantly higher close rate than the rest of the team. But he wasn't a very good sales manager, even though he was a good closer. By the way, that's one of the main issues that a lot of sales teams have, is they promote their best closer as a sales manager. And oftentimes, those are two very different skills. And we could see this because
Starting point is 02:23:52 the churn on their sales team was through the roof. Just to be clear, like they were a group of young founders. It's not uncommon. It's actually probably very common because usually when you start a business, learning how to promote and sell the product is usually the job of the founders. Like, how do I get people to want to buy the thing? And so they end up getting the most reps early on and also understanding the prospect better than just about anyone. And so one of the big things, you guys are a little mini sales lesson today, is that companies will overeducate on the product and undereducate on the prospect. The person that you should be educating your sales stuff on is who we're talking to more than what we're selling. Because for me, if I know someone deep in their core of what
Starting point is 02:24:26 their intentions are, I can tell them anything. I know someone inside and out and then someone says, sell this thing. And I know nothing about it. I could probably get them to buy. On the flip side, I know everything about this thing and I don't know who I'm talking to. Talk to a child, a man, a woman, old, young, different language. And so a lot of people talk like, hey, sell me this pen. When in reality, what we want to do is like, talk to John, the majority of good sales trainers who try to do that gimmick. What they want the person to do is ask them a question. It actually has nothing to do with the pen. And so if they say, sell me this pen, what you do is you take the pen and you put it in your pocket and you say, how's it going?
Starting point is 02:24:59 What brought you in today? Because I got to go from where they're at to wanting a pen. I'm not going to just be like, hey, buy this pen. Give me money. Like it doesn't work that way. But bad salesmen do. So the second issue was the setting team expectations. One of the benefits of working with someone has more experience is that we know what the
Starting point is 02:25:14 benchmarks should be. And so a lot of times we can reset someone's minimum standard. And they're like, well, they're setting two a day. And we're like, they should all be minimum setting three. And that sounds tiny, but again, two to three is a 50% increase in set. and that's across the whole team. So that means a lot of productivity. But if you set the bar low, people will just naturally shrink down to that level.
Starting point is 02:25:33 All right, so you understand the problems. And here is the data. This is before. They had a low show rate issue. They had low close rate and multiple issues around that. And they had people and organizational issues. So I want you to pause real quick in the video in the comments to be like, what would you do?
Starting point is 02:25:44 How would you attack these issues if this was your business? And then I'll tell you what we did. Now, there's two elements of solutions. Element one is, what would you do to attempt to solve the problem? And the second is, which one do we do in what order? third problem, that was actually the first thing we decided to fix. We said we hired a sales director. The reason for that was because the CEO was overly involved. He was micromanaging. He wasn't a good manager and he also wasn't doing CEO stuff. And so we had to hire an experienced sales director
Starting point is 02:26:12 who in this instance had been a sales trainer for a similar type of sale and a consumer good. This guy ended up being exceptional in being able to implement the rest of the changes that we outlined. So this was in terms of order of importance. I think if we hadn't done this and had tried to do the rest of them, it would have fallen flat. This is like one of the most common errors that business owners and founders make is that they see the what and not the who or they focus on the how and not the who. And if you have the same problem
Starting point is 02:26:36 that has recurred multiple quarters in a row in the same department, underneath the same who, it might not be a what issue, it might be a who issue. One of the reasons having experience is helpful is because you know what it looks like when it's right.
Starting point is 02:26:49 Some of the biggest costs in the business are hiring incorrectly. You waste the time trying to find them, you waste the time onboarding them and training them, and then you waste the time of all the time it takes you to figure out that they're not the right fit
Starting point is 02:26:58 and all the lost growth that you would have had to then start that process over again, that's tough. But a lot of businesses have to do with that, which is why picking personnel is so important. With this instance, we looked at culture fit, which is like, do we think that this guy will fit in, which we usually the founders pick that part out,
Starting point is 02:27:13 like, hey, does this guy fit in, cool? And then we're gonna hardcore drill on usually experience and tactical knowledge. And so we have subject matter experts at Holdco, media buying, CRO experts, sales experts, finance expert, whatever. And we will then do tactical interviews. We talked about earlier, you can know that someone that's good based on the quality and quantity of the data that they collect.
Starting point is 02:27:31 I would ask somebody, what data do you plan on collecting and how would you plan on fixing those things? Based on how vague they are and how high level they go in terms of their solutions, it'll tell you how nuanced they can be in their thinking and ultimately executing solutions. Sales director specifically, in my experience, when I have guys who are like, I just want to build up people, I want to give these guys skills and they marry that with like, and these are the metrics that I tracked to know X, X, Y, and Z, that's a good sales director. The next thing we decided to solve, boom was fixing the ad targeting and the reason we did the sales director first was because we're like well how do we know if anything else is going to happen afterwards if we fix this so what we ended
Starting point is 02:28:07 of doing here it turns out is that we also had another personnel issue the media buyer was asleep at the wheel they were optimizing around the wrong stuff they were trying to split their attention and start their own side hustle it was clear that they were negligent they actually were doing the right thing and then they stopped doing the right thing and it was clear that that type of behavior the founders felt was not going to correct itself so they let go of that person hired a new person and boom fix the ad targeting problem we were back to 25 to 35 35 real people who love their job what did we fix next boom we reduce the sales team what and we reset expectations for the setting team what we looked at
Starting point is 02:28:38 is sales team utilization if we know that guys can take 10 sales a day and they're actually only taking four then we have too many salespeople in this instance it gives you an opportunity to cut the fat for lack of a better term and reward the people who are actually doing their jobs and closing well if you cut the lowest percentage of the team and you have utilization like you have space you lose the lowest closing percentage people and you gain more closes just by shifting the closing rate overall of the team. When you make those changes, in my experience, salespeople get into a rhythm. If you don't take enough sales calls, you're too desperate to close the deal and then you start
Starting point is 02:29:12 being too hard and not listening enough because it's about you, not them. When salespeople have more and more consults, they sell from the back of their heel, they're open minded, they're asking questions, they're feeling good, and they get in a rhythm. The setting team, we both downsized and increased expectations. How did all these sales increase by having fewer people? We had better people. That's how. And that also helps recreate the culture of the team
Starting point is 02:29:32 so that we can have a new standard set of high performers. Because there's nothing that demotivates a high performer like a low performer who's still on the team. And so we went from two to four in terms of our expectation per day for the team in terms of sets. Sales fix number four. I'm messing all my columns up now.
Starting point is 02:29:49 So you're going to have to deal with it. We promoted one setter to lead nurture specialists. I was saying earlier that they were multitasking, right? So they're doing some setting and they're doing some lead nurture. And that gets really hard for a team of six guys to split those things. We took one of the setters who was really good and made that person the lead nurture specialist which basically acted as the bridge for both the setting team and the closing team to basically coordinate and remind the people of their appointments.
Starting point is 02:30:10 And we equipped that lead nurture specialist with one of our checklist for what that role needs to do to get the most people to show up. And I'm not going to give you all because of the long checklist. I'll give you two quick examples. One of them is doing a three-way intro once you have the set appointment between the setter and the closer and doing it via iPhone if you can because now you have a known person and an unknown person and a person that bridges the two they might no show on johnny over here but not on the guy that they just spoke with and so the idea is how can i bridge that gap and kind of make the association
Starting point is 02:30:37 for them add some trust the other thing is that the closers morning of would remind them with either a voice memo or a video text personalized to them being like hey john really excited for our apartment today i saw your profile xyz personalized to you really pumped for i think we'll might help you out. So that's just a couple of things that we have on that list that we had them implement and all do consistently. And sales team fix number five, boom, is we optimize the sales scripts. I said earlier that the discovery was two surface levels. So we re-scripted the discovery, made sure we were asking deeper, more meaningful questions. And a part of that is also bringing some of the objections to the front. It's much easier, and this is the terminology that our team
Starting point is 02:31:12 uses, which is killing zombies, right? It's a lot easier to kill a zombie when it's far away than when it's on top of you. If somebody's trying to bring up a zombie in the close, another way of saying it is like you want to diffuse the bomb before it goes off in the clothes in your face. So we solve the problem before we bring it up. Now, this is actually something that we added to this part of the script, which is prior to the appointment, we say, hey, is there anyone else who'd be required to make a decision about this thing? If they say yes, then you say, cool, well, let's push back the appointment and let's get that
Starting point is 02:31:37 person on. That way, you have all the decision makers present. So these are just little things, but like little 1% improvements over and over over again is what yield these 50% boosts. And the third main change we did was that we drilled the team on looping and looping is just a sales terminology for basically when you encounter an objection handling the objection and then asking again handle the objection ask again right because a lot of salespeople are afraid to ask if someone says no and they don't
Starting point is 02:32:04 want to ask again right and I can tell you this is that the number of sales you make is direct proportional how many times you ask there's ways to do it wrong and there's ways to do it right the idea is that you should be able to resolve the concern right so if someone says I need to think about it and you say well what are your main concerns and they say well it seems really complicated you say oh what Parts specifically feels more complicated. They're like, it's the whole tech thing. And we're like, oh, we also have a vendor
Starting point is 02:32:25 that can actually fill that in. I think it's a couple of bucks extra, but like, we can just handle that for you. Does that solve the problem? And they're like, oh, okay. So you guys just handed that one part of it. Like yeah, we hand that part of it for you. Cool.
Starting point is 02:32:36 Now this is where the salesman says, great, you wanna move forward? Do you have your idea on you? Hey, what card you want? Like, you can just make the ask right after that. And so then at that point, you might say, ready to move forward then? And they might say, this feels like a fast decision.
Starting point is 02:32:47 It's like, oh, well, what makes it fast? how long you've been thinking about this? They're like, well, I mean, I just met you. And you say, well, how long have you wanted to solve this problem? And then they would say, well, I mean, a long time. It's like, well, then doesn't sound like a fast decision at all. It sounds like you've already made the decision a long time ago you wanted to change. Now we're just acting on it.
Starting point is 02:33:01 So now do you want to move forward? Right. Keep looping and continuing to resolve the concern, ask again. Resolve the concern, ask again. Drum roll please. What happened in the real world? So let's go to the data. All right, so in our first column, we had 49% show rates.
Starting point is 02:33:17 After we implemented, sales fix two, fix you. the ad targeting sales fix four promoted one lead setter to lead nurture specialist and sales fix three reduce the team size and reset expectations survey says we get a 70% boost which is almost exactly the kpi and that's because when you do things that work they work so that was a 40% improvement in sales and to be clear this is just over two months all right so some of these changes can happen real quick if you know what you're doing the second change we had is our offer rate and so here's what happened survey says 80% we actually offer just about the same amount of people.
Starting point is 02:33:50 Realistically, what they were doing is offering people who weren't qualified because the sales team wanted to eat. And I get that. Like, there's a human component here. They were offering people who were not qualified the deal because they needed commissions, right? Which is what we were trying to fix with the targeting. Close rates. We went for 27%.
Starting point is 02:34:02 And 60 days later, we were at 41%. So 1% above our benchmark. All right? This is a 50% improvement in sales. So 40 and 50. Because I am. Next up, we have percentage of cash collected. A really good metric for knowing how strong the sales team in it.
Starting point is 02:34:18 and this is especially important for that early discovery portion and how good they are at looping and closing. Because the deeper you get the discovery, the more convicted the buyer will be about the solution, and the more likely they are to pay up front as a measure of their conviction in the solution. The survey says we went from 47 to 82%. So we almost doubled the amount of cash that we were collecting up front per sale in 60 days. We had a 40% improvement and we had a 50% improvement. and we had a almost doubling of cash collected. So if we almost doubled the amount of sales that happened
Starting point is 02:34:52 and we almost doubled the cash up front collected, what do we do to the cash for the business? Forexton. Ah, much more enticing. After we added all these four changes together and we waited 60 days, what happened? Survey says we went from 56 to 93 sales a month. And that was just from a few of these fixes
Starting point is 02:35:10 on one particular part of the organization. I taught 116 sales professionals my closing framework, and after implementing it, they increased how much they closed. Enjoy. Alex Becker, who's the founder of that, clued me in recently to something. He's like, dude, your ROAS is insane because he can see everyone's revenue and their ad spend. And I was like, oh, what do you mean? He's like, you have the highest return on ad spend of everyone in the entire platform by like a mile. And I didn't really ever think about it, but our lifetime return on advertising is 36. to one. So to do over, you know, 100 and now, you know, five or 10 million, whatever we're at now, we've spent just under $3 million in advertising. And so there's a lot of other pieces to, you know, making more. But just for everyone on this call, we're talking specifically about sales, correct? Yes. Yes. Yeah. Yeah, 99% of these guys are closers. And they're getting closing. There's a couple of people who are sorting like a closer agency where they partner up with a guy like you.
Starting point is 02:36:17 And they're like, hey, let's do like a little J-B deal. I slam your deals. Okay, sweet. Well, then why don't I, so what I'm going to do is because I do have a presentation, which is just how I think about sales. And I have the third part of the presentation about scaling sales teams. Does anyone here have multiple closures who work for them? Or is most people just closing on your own right now?
Starting point is 02:36:40 You guys got to talk with Alex. You don't buy it. I can't see the check. I can't see the chat. We're working towards that, Alex. Okay. So how about this? I'll give you the things that.
Starting point is 02:36:53 So Russell, when I first met him, was like, dude, how did you learn how to sell so well? And it was because I looked at my CRM and I'd done 4,000 sales one-on-one in fitness. And so that's a lot of reps. You know, I was taking 20 consults a day for like four years. And so that's in-person face-to-face. My team would double a triple book me every 30 months. minutes and I just sold the same thing over and over again. And because I was really good at sales, I ended up not hiring a ton of salespeople. And I would actually have my manager set appointments for me
Starting point is 02:37:24 all at one location. So I had six gyms. And so I would go there. They'd stack up an entire day. I'd mow down a whole day, go to a different gym. And they'd been stacking all the appointments, and I'd mow down. And so usually I'd do 20 to 25 consults a day. And you just get, you know, you just get these reps in of reading people, gauging tonality and seeing where you need to lean in and where you need to lean back. And so, you know, over time, I've then started training sales people and sales managers. I had a remote sales team. We'd fly out and do turnarounds, like in person. So I'd eight guys. We'd fly out to eight facilities every month. And we'd turn these facilities around because I know, Mike, you were in the fitness world before this. And then I brought that sales team in-house
Starting point is 02:38:04 and they started doing phone sales for high ticket. So I've had, I've had in-person phone, high-ticket, low-ticket. We've kind of done a lot of those things. I train mortgage leads teams. So, kind of the whole gambit. And there's definitely some things that I've seen. You know, I've brought every sales product on the market. I bought grant stuff, but Balford stuff. And I think there's a lot of merit and there's a lot of good stuff out there. But in my experience, simplicity is with scales. And so I'll give you, if you're okay with it, I'll give you the few things that I have implemented consistently within my companies that have generated outsized returns. Is that cool? All right. That's awesome. So what I'm going to do, let's rock and roll.
Starting point is 02:38:43 All right. Full jam. So as I said, simplicity, right? I'm the world's best graphic designer, as you can see here. So I'm trying to show the real keys of the kingdom. So everybody here is everybody here selling expensive stuff? Is that most people on this call? Yes. Everything is high-taking, Alex? Fantastic. All right. Everyone still see me? In the screen? Yep. All right, rock and roll. All right, so I'm guessing this guy. This isn't your first rodeo. Not your first presentation with a sexy headline or big promise. And so if you have failed for you guys to grow your thing in the past, I promise you it's not your fault, lots of information, very confusing. And you can sometimes be inundated with lots of different salespeople's information. You've got Mike here, who's a gem and knows his shit and you guys are lucky to have him. But hopefully in this presentation, I will put some of those fierce rest of like, what if I never, what if I never make it? What if I never turn this corner and become the salesperson I want? What if I never hit the 100 grand a year? What if I never hit the 100 grand a month or whatever they don't hit the million a month goal that I have? And then what does that mean about me? If you've ever thought those things, like I can tell you, I did too, right after the instance that I had Mike with that individual and that individual drained my entire bank account and then sent it to their girlfriend in Sweden and then filed bankruptcy. After that happened, I had $1,200 because I had sold all my gyms and put my money into that account. So I started at zero, which I'm very grateful for because it
Starting point is 02:40:12 gave me the experience that I have now. And so what I'm going to show you is that you can have a simple sales process that can yield outsized returns. A lot of people like to make this fancy because it makes it easier to sell stuff to people about selling. But these are the things that I have seen that have unlocked the growth for us because I don't think I'm the best marketer out there. I think we've simply attached a phone to a funnel and we've been very efficient at it. And so as a result of that, I've always been able to make more per customer than anyone else because of how efficient we are at the conversion process. All right. And so that's what we're here for. So I want to show you exactly step by step our process for selling. All right. And so there should be
Starting point is 02:40:47 two types of people here. Some of you guys who are under $100,000 a month and I'll show you how to never compete on price again. All right. And if you guys are over $100,000 a month, I'll show you exactly what we did to scale a team to get to a million a month and beyond. Is that cool? Because if you're under 100, it's just you, right? If you're over 100, you need people. All right? So it's kind of kind of be like the actual selling itself and then the scaling of the sales. All right. So that's kind of the goal for the 60 minutes. I'll probably be able to get it done in 40-ish. I'll talk fast so we can have some time. All right. Everyone can just listen fast. Is that all right? All right. I'm going to go back. Yeah. About it. So I've been really fortunate.
Starting point is 02:41:22 Yeah, now we're at 105 or 110 or whatever it is in selling stuff, which has been cool. What's been coolers, we've been able to donate to causes. You guys don't know my story, but I had a gym teacher after school who stayed with me. He didn't have to. He didn't know me from money, buddy. And he worked out with me for an entire year and taught me how to work out because I was like a really insecure kid. And as a result of that, I got into fitness. And so I feel like it's all of our opportunity. Because a lot of you guys are on here like, we're already in the top 1% in the world. You know what I mean? Like, we're bitching about not making $100 grand a month. Like, fuck you. You know what I mean? Like really. And so it's been a great privilege to be able
Starting point is 02:41:57 to give back. And we've donated $1.4 million just in the last three years. Actually, 1.7 now I have to update that. But anyways, just the causes that we care about. And so, For us, it's kids being able to have the opportunity that we had. All right. And if you guys are in the fitness industry, Arnold was my heroes, the reason I quit my job. And I've been able to grow a friendship with him, which has been awesome. And we've had, you know, over a thousand clients hit $100,000 a year using the sales framework. I'm going to show you.
Starting point is 02:42:21 All right. So like, you can imagine that these people are not maybe as good as you are. You can imagine that somebody in that thousand is probably not as naturally talented. Right. So the process works. Okay. And we've got a lot of people over seven figures now. But it wasn't that way, right?
Starting point is 02:42:37 So this is me when I started my first gym. I slept on the floor. I had $5,000 total. My rent was $5,000. And so I had one month that I had to learn how to make money. And I built a funnel because I learned this from the internet. And I was actually, I sent this picture to my dad because I was so proud of this picture because I sold that many people in the first two weeks for free.
Starting point is 02:43:00 And things started to grow, right? That was one of my gyms. I had nine employees. I felt like a badass. You know, my dad finally told me you thought I, you know, wasn't a schmuck for, you know, being an idiot and getting into fitness. I thought I felt like I was figuring things out. And then all of a sudden, Facebook slap happened. This is years ago.
Starting point is 02:43:15 There's been many slaps. Facebook just kind of has its bitch hand proverbially swinging back and forth. But, you know, we got slapped. And overnight, my lead costs went up 5X, right? And so my money making rain turned into a desert. And the thing was my marketing was losing money every day. And all I could think about was letting my dad down and more realistically, having my dad be right. I'm gonna I'm gonna all right cool and so the question that I asked myself was like how can I afford to get more leads right
Starting point is 02:43:42 and so I called my friends up and he had a he was a brick and mortar gym owner and he told me that things were going great for him and I was like what the hell dude what are you what are you doing? he's like we just we just attached the phone to the funnel and I was like no shit he's like we're selling expensive stuff on the front end now instead of selling trials and I was like well that's cool I'll do that and so we went from losing two and a half two to one to making 10 to one return on the front end right what that meant for my business is I went from being able to break even at $10 a lead to be able to spend up $100 a lead and still make money, which is crazy, right? And so then things started to grow again for me. And then we, you know, open location after location and things grew. And I met this guy. And I was, I met, I joined his mastermind. I was trying to, I told him I wanted to create a nationwide gym, chain. And he said, you should teach other people how you do what you do and not grow that chain.
Starting point is 02:44:28 And I was like, well, you make more money than me. So, okay, I'll listen. And so then I started making, our marketing system, Mike, this is by the way at that guy's gym. I know. I did a 191 signups in 19 days and that was the stack of contracts. Some of you guys may have seen this. It was like the most run ad for like a year and a half. But we did on $100,000 in 19 days in sales like in the get out. So these are the three frameworks.
Starting point is 02:44:52 Sorry I sped through that because we had already covered a little bit of my story or at least I wanted to get through it. And these are the free frameworks that I kind of discovered to scale high ticket. All right. And it'll take if you if you're partnering with someone, then it'll help take their losing funnels and turn them into cash machines. And I mean that genuinely. All right. So the three frameworks that I do is one is the closure framework. These are the questions that get prospects to say yes. All right. And so adding this to any kind of any funnel process is going
Starting point is 02:45:17 instantly make it more profitable. All right. And I'm going to walk through the questions that we ask. And specifically what only three things that you can say on a sales call, period. It's a number one mistake that all the sales guys that even my guys make and I have to remind them up. All right. The second thing is the conviction framework. So anyone who believes can outperform a season. sales rep by simply learning to control their tone. All right. So some of you guys right now, can I get a hand? I'm going to unshare my screen all quick. Can I get hands on the screen of who here is newer to this? Newer to high ticket sales. Okay, great. Perfect. Then this is for you. I'm going to show you how you can beat the best sales reps. All right? And this is how I never, ever hire seasoned closers, just FYI. No,
Starting point is 02:45:55 no. No, it's not like, we're going to train salespeople. So I don't. But I'm going to show you how you can beat seasoned press, seasoned pros, all right? Which, if I can find my presentation, there we go. By learning, control your tone. And the last one is scaling. So for all of you guys who are over $100,000 a month and need to scale a team, I'm going to show you how to duplicate the skill in other people, all right, because it's one level of the skill is learning to sell. Another level of the skill is teaching to sell. And it's a more valuable skill. So if you can duplicate your skill in someone else, that is how you can make 10 times, 100 times more money because it's no longer, you're no longer constrained by your time. All right? So let's rock and roll.
Starting point is 02:46:36 Close your framework. So after pouring over like hundreds of scripts, like I mean it, hundreds of scripts, I realized that there was always like these minor differences in wording, but if I hit these kind of main milestones along the way, I ended up closing the sale, right? And the nice thing is that this process works for B to C and B2B. So I don't know what stuff you're selling, but it works for both. And it worked for $500, as much as $100,000 tickets. The process is the same. And the way I teach my sales teams and now thousands of clients is this acronym. And like even when I'm thinking through sales calls, we use it. We're like closer, C, right, L. So the C is clarify why the person is on the phone
Starting point is 02:47:13 with you. All right. That's the objective. Why are you here? Why did you take the time to take the call? What's the problem? Right? What are we trying to solve here? After that, they were like, got it. So what I'm hearing is you're struggling with this. Does that sound about right? I'm going to label you with a problem. After that, we overview their past pains. It's like, okay, so you have this problem. I can't be the first person you've talked to about this. Tell me a little bit about what you've done so far to try and get past this. Tell me more about that. How'd that work out for you? Okay, understood. After that, it's like, okay, so I'm hearing all these things. This is why you're here. This is what you're trying to get. This is what you've tried and has it worked. Okay, well,
Starting point is 02:47:51 can I tell you about how I think we might be able to solve your problem? This is where we sell the vacation, right? And then finally, or step before finally, we explain away their concerns. So this is where we tell them about the program and then we're like, do you want to do it? They say yes or no. If they say no, then we explain away their concerns. So they say yes. And then once they say yes, we reinforce the decision. And this last R here is a point that I added years later because we realize that the sale, the sale just continues throughout the entire customer relationship. And so for you guys, if you're dealing with clients who you're selling for, you have to also sell them on continuously selling, right? You might.
Starting point is 02:48:28 have closed the card or closed the first payment, but their onboarding experience, they got to close them again. And then after that, when they have their first week check-in call, they got to get closed again because we have to consistently sell them on why they should do anything. Why should they not just watch Netflix? Why should they take action? Why should they have the discomfort of getting, you know, smacked on the phone by a stranger? Why should they feel the sting of failure? We have to sell them consistently to help them overcome their pains, right? And so I'll show you each one of these more closely. So clarifying why they're there, right? It's like, what made you come in today? What made you reach out? What's your goal right now? Why is that important
Starting point is 02:49:01 to you? Right? Okay. Helping me understand what are we doing here, right? This is one where someone in the beginning, like, you have to hit this because if someone says like, you just wanted to find out more information. You're like, cool, but why? Like, what did you want the information to solve? What was the, like, I'm sure you don't just go around collecting information all day, right? Like, there's something you're trying to get out of this. What's the problem? And then they, and then you get what you need. You're like, got it. Okay. So just so I'm hearing you right, it sounds like this is, your goal, correct? Then they acknowledge they have a problem. This is important because they have to say it. They have to own it. I can't cure cancer until you admit that you have it. We got to give it to you
Starting point is 02:49:37 before we can cure it. After that, we overview the past, right? So it's like, what have you tried so far to accomplish this? How long did you do it for? How long ago? How did that work for you? What else have you tried? We call this the pain cycle, right? We consistently do this over and over again until we've exhausted all options, right? At that point, we have tons of ammo that we can use later in the closed, which I'm sure you're aware of. And the big piece here is we explain how it's not their fault because if they had this missing piece or two of the equation, they were halfway there. There were three quarters the way there. They were just missing this one piece, which we're going to provide for them. And the nice thing is, is for most of you, hopefully you're selling it a holistic
Starting point is 02:50:12 solution, right? So for example, I'm going to use a fitness example because Mike's from that background too. If someone came in and said they tried workouts in the past, I'm like, I'm not telling you don't that you don't need to work out. It's great. But you also need the nutrition and the accountability, right? nutrition to make sure they stop eating shit because if you just start working out and eating donuts, it's not going to work, right? Of course. Now, if I make you the best plan in the world, but you don't follow, it's not going to work either. That's why you need the accountability. And that's what I'm here for. And so from that point, that's kind of how you can naturally transition. So it's like, I'm hearing these things, this is what you're missing. Well, do you want to hear how the program works?
Starting point is 02:50:42 Because I think we might be able to solve that for it. They'll say yes. All right, so what we've seen is that there's three things that make clients successful, right? And at this point, this is my belief is that three things has been, you know, unequivocal in most pitches, is that I think it's human brain is that you can't take more than three. But typically, it's like three pillars to the stool or three, you know, fin nutrition accountability. If I was selling leads, I'd want them to be, you know, timely, you know, qualified and, you know, exclusive, right? So there'll be three elements to make what makes a good lead, right? There's always three that you can usually find when you're selling a solution. And most times, not most times, every time,
Starting point is 02:51:20 if you're on the phone of the prospect, you always have the upper hand because they have admitted at the beginning of this phone call that they have a problem. They have not solved it. And so inherently, they're going to be missing one of the keys. They cannot have them all or they would not be on the phone. So you are in an unloosable situation
Starting point is 02:51:36 unless you choose to lose it, right? Unless you choose to lose the frame. And so in this instance, it has been my experience that we use stories, short anecdotal stories, to break the belief of the prospect around a topic. What's important here is that we don't get into jargon, right? We don't get into techno babble and talking about the program and the modules and the things they're going to do because all of that sounds like work.
Starting point is 02:52:05 And that's not what they're there for. They're there for a result, right? And so instead, I would say something like with the fitness nutrition accountability, like I said earlier. So if I was trying to explain accountability, I'd be like, listen, you don't have accountability. When you were a kid, you ever like have your parents tell you to brush your teeth? They were like, yeah. I'm like, you know, you're like, I don't want to. I don't want to.
Starting point is 02:52:23 And they would tell you, oh, no, you got to go brush your teeth. And you can you go and you brush your teeth and you sulk back to bed. And next night you do the same thing. They'd say you brush your teeth, go back to bed. But you're an adult now, right? You brush your teeth? And they're like, yeah. And that's because you had external accountability that turned into an internal habit.
Starting point is 02:52:38 Right? And that's what we're going to do for you here. Right? So I didn't tell them about fucking the coaching call that they're going to have and the post that they're going to have and the blah, blah, blah. We told them as the result of that. We gave them an anecdotal story that made sense to them. That's probably a really key point. I just want to drive home here.
Starting point is 02:52:53 When you have your pitch part, it shouldn't be longer than three minutes, like tops. Because no one really gives a shit. And at the end of the day, the reason they're going to buy is going to be because of how understood they feel. So how much when you went through that overview of the pain, you were able to. to restate back to them accurately, exactly how they felt and the struggles they are experiencing, which is why you need to shut the fuck up when they're talking. Right. And so there's only three things that are ever set on a sales call. Do you guys know what they are? There's only three things that ever come out of your mouth. Questions, restatements, and anecdotal stories, which is the story that I
Starting point is 02:53:33 just referenced, the three stories that you will use to break a belief. That's it. So that's how you sell them the vacations, you have these little sound bites, right? I'll give you another example. So if I was doing food, right? I'm like, listen, three parts of the program, fitness, your share accountability. So nutrition-wise, you've got to eat stuff that's going to make you lose weight. Can we agree on that? Yes. Okay, cool. But the problem is you don't want to do that, right? That's where we're here, right? Right. Okay. So let me ask you a question. when do you feel like what's your favorite TV show they're going to be like uh whatever game of Thrones you're like okay game of Thrones do you feel like you need to get like motivated to watch game
Starting point is 02:54:14 and thrones like man I was trying to watch it tonight but I just couldn't you know I just I got really busy and I just couldn't sit down on the couch and turn the TV on I couldn't do it right of course not because you look forward to it because you wanted to do it and the key that we're going to do here is we're going to get you to look forward to the foods that you're eating because if you look forward to you don't need to be motivated because you do it on your own like it. Does that make sense? Right. So what I didn't talk about the macros and the carb cycling and the intermittent fasting and the calorie counting and the blah, blah, blah, blah, because at the end of the day, that does not matter. What they want is for them to solve the problem and have it be pain free. Right. And that's what we're explaining to them. So that's selling the
Starting point is 02:54:53 vacation, right? And this is a saying that I've used for a long time, which is sell a vacation, not the plane fright, right? And so this is what everyone else talks about. They're like, sir, for us to get to these results, you're going to have to take your pants off, you're going to have to jump through this loop, you're going to have to go through the TSA, the airport lines, pack your suitcases, take your shoes off, do the layovers, connect your flights, have a person farting next to you. Don't worry, they don't have COVID. You'll have turbions probably on the plane. Then as soon as you're out, you think you're done, you still have the way to baggage them, they probably lost your bag, right? And in our world, it's your modules, your mail, your macros, your workouts, your support team, your URLs, your URLs, your domains, your funnels, you're targeting, your ads, and the other shit that doesn't matter, right? But instead, what they want is you sell Maui. final destination. And you always tell the same thing because the difference is only the level of service and how they want to get there, right, if you have multiple levels of service. So do they want to swim to Maui to where they're trying to go? There's sharks and you could drown or get robbed, right,
Starting point is 02:55:44 like this chick. Crazy. Do they want to take a boat to Maui? It'll take a little longer, but there's no shark attacks, but there's still no Wi-Fi and you're kind of, you know, in the sun. Do you want to take a normal flight to Maui? Get there a little faster. Still smells bad, has security, bad food, but you're going to get there. Or do you want to take a private jet to Maui, right? Direct, nonstop, champagne in the plane, suitcase is packed when you arrive. Right. And so that's the selling piece. E is explaining away their concerns. And so these are the questions that sound like, so there's, I'm sure Mike has already taught you a lot of the obstacle overcome concepts, right? So fundamentally, there's three big ones, right? Price. And rather than teach you like the
Starting point is 02:56:22 drilling of the obstacles, I told you there's two things you need to memorize. One of them are the stories. The second are the obstacle overcomes, right? Because those are the things that you're in the red zone, like that's not where you start thinking about what you're going to say. All right? So the two things that you need to memorize as a salesperson are the stories about what you sell and the obstacles that you're going to encounter when you're in the red zone. The question's on the front end. You need to know the milestones you need to hit in order to move forward. And this is one of the big mistakes I'm sure Mike talks about a lot, which is you need to sit in the pain. If someone does not clarify why they need a solution, you do not ask for the
Starting point is 02:56:59 sale. If we just say, hey, you know, what brought you to you here today? I just want to find out more information. Okay, cool. So, you know, let me tell you about the program. Like, that's not, we didn't get the fucking, like, we don't know why they're there. We don't know what their goals are. Like, one of the things drives me nuts about my team sometimes is I'm like, dude, we're eight minutes in the conversation. I was like, I don't know how many clients they have. I don't know what their revenue is. I don't know what their profit is. I don't know what their biggest pain and struggle was right now. I'm like, what are you doing? I'm like, you just told them. They're like, oh, Jim lunch is a $100 million company. I'm like, they don't give a shit. But they, but
Starting point is 02:57:29 they do my sales guys because they get their egos puffed up right but it has nothing to do with the prospect they do not care right they only care about them so right yeah that's the issue right right everyone talks way too much about the product and so when you're training salespeople you don't train them on the product you train them on the prospect the product doesn't matter i mean it matters obviously from like how you're going to make money because you have to do a good job because i'm going to get that in the second point but in terms of when you are selling and training someone, if you guys know someone or know a specific niche really well,
Starting point is 02:58:05 then you will know their pains. And if you have a new salesperson, you hear them say shit and you're like, that's not what he thinks. What is he doing? He might know the product perfectly, but he just said that the guy's problem was not the problem. And so then it doesn't matter what the product is
Starting point is 02:58:18 because he doesn't feel like it's for him, even though it's totally for him, but you just misarticulated the problem. That's where the clarity has to happen. If you nail that, the rest of the pitch is easy. All right? And so the key here is relying on past agreements that have already been made. So this person with their partner, with their spouse, with their business, you know, whatever, has, that person knows that there's a problem.
Starting point is 02:58:40 And they also don't approve of that problem. And so why would they be in any way against remedying a problem that they already don't approve of? Right. And then finally, we always tack on, sometimes it's better ask for forgiveness than permission, right? Ha, ha, ha. Depends on the ticket sale, right? But you can get those in. right? And then obviously last, last case here is you just do a delayed close and say,
Starting point is 02:58:59 let's get your car down. We could put a down payment. We can pay the rest on Friday. And if between now and then, your partner comes back and says, no, man, I want to be poor. I want to keep struggling. And like, I want to never make money and like continue to do this for the rest of our lives. And I'll absolutely tear up the contract. Don't worry about it. Right. Finally, you've got stalls, right? I need to think about it. So these are because people don't, people are afraid of making mistakes. right? People are afraid of making mistakes. And because of that, they don't like making decisions because it's easier to let life make the decision for you. And so they like doing it that way
Starting point is 02:59:34 because then they feel like it's not their fault. Right. And so, I mean, a great obstacle of for this is what's your main concern, which is usually my number one thing I go to when someone's like, I'm going to think about it. It's like totally, what's your main concern? Right. Let's think about it together. Right. And so fundamentally, these are the things that they need to know. do you feel like what we're doing can meet your needs and solve the problem? Yes or no? Yes. Do you want to work with us as a company? Do you like our values? Do you like what we stand for? Do you believe what we believe about the world? Yes. Do you have access to funds or know someone who does? Yes. Well, then let's rock and roll. Because those are the only thing we know to me to make the decision, right? Do you like the product? Do you like us? And do you have the money to do it? That's it. Simple as that. And so when we walk through those, if you encounter these situations. Obviously, there's, you know, if you're going to do it now sooner or later, you might as well, like there's plenty of things to say, but I think it's more important to understand the theory behind why someone has this objection, right? They have an objection
Starting point is 03:00:33 around price because they don't see the value because you didn't articulate it. They have an objection around decision maker, usually because you fuck something up earlier in the sale, but at this point, you're in the red zone, so you've got to deal with it. So you rely on past agreements. If they come with a stall, then you help them confront a decision and make a logical choice and teach them how to make a decision that in that moment, you're saying, what are you most afraid of happening? You're afraid of me taking the money, right? Just taking your money and you getting nothing, right? Again, well, let me tell you how that's not going to happen, right? You can bring their concerns. All right. And then finally, they say yes and you're like, awesome. And this is
Starting point is 03:01:06 where if you're selling for someone else, get them to send a personalized video like, hey, Johnny, saw you just signed up with us today. Super pumped to have you. You're going to be meeting with Heather to Mars, you can get you kicked off. You should in the mail get a special gift, so keep a lookout for that. And then, you know, send a handwritten card. If someone just bought a really expensive thing, people are making their decision about whether they believe in you as a company within the first 48 hours after the sale. They make a decision of whether or not they're going to be with you in the long term and how they are treated in the first 48 hours after they give you money. So it's critical. And it's usually in that point that people fuck up and just ignore them.
Starting point is 03:01:41 Framework two. And, you know, Mike, I can stop. I'll just do framework too and then we can do the Q&A because if I don't have time to scale the sales, seems I can hit on the points later. So this is a big one for everyone who is, who's newer to sales, all right? If you believe you can outperform to season sales route by learning control your tone, all right? And so I reworked all of our scripts into the closure framework. And the thing is, is immediately some people were crushing it, right? While others were still not selling shit. And I was like, what the fuck? Right. And so I talked to my friends, and they were like, dude, you should read this book by Jordan Belford. And the biggest
Starting point is 03:02:14 thing that I got for the book was just, he was very specific about tonality. And that was a big shift for me in just learning to teach how to ask the question, not just asking the question, right? And so in the book, he talks about having the same issue that I had was scaling sales. It's like, I give the script to two guys, some guy crush it, some guy doesn't. I'm like, what the fuck, right? And the thing is, there's a hidden dialogue that the sales team does not know that they are talking in, And so the words are not going to be enough. They're just literally 10%. So the words that you have,
Starting point is 03:02:47 it might be the most test descriptor in the world. It's still only 10%. 90% is how you say the words, right? Because how you say, what you say is tonality. Like right now I can give everyone here, Jerry Seinfeld's stand-up script. You could read it. It wouldn't be funny, right?
Starting point is 03:03:05 Because it's not just that you had the script. It's how you deliver it, right? And that takes time to develop, right? And that's kind of unconscious mastery. And so there's two ways to do this, all right, that I have found. You can either trick yourself into it or you can train yourself to do it. All right. And since we don't have enough time to train on the influence of tonalities,
Starting point is 03:03:24 here's the trick that I teach. All right. Conviction will correct your tone. Conviction made real. So let me tell you this story. So I was brought in to do a day of consulting for this mortgage leads company to train their sales team. And the first half of the day, I reworked the whole script. I put the closure framework, made it a question-based sale.
Starting point is 03:03:45 And then I came in and they were expecting me to like rain, you know, fire and brimstone on these guys. And so I sat down and I was like, who's the guy having those trouble with? This guy John. So I was like, John. And they were selling the leads. I was like, John, I'll go to the leads. He was like, well, you know, and I was like, we're good. Thanks.
Starting point is 03:04:03 And I was like, let me show you how you would answer it if you actually believe that the leads were good. I was like, you'd say like, dude, these leads are. leads are fucking unbelievable. Right now, I'm studying for my real estate exam so I can get in on these leads. My aunt is a realtor, and she has more businesses you can handle, and I'm sending her traffic. I'm trying to get my brother to do it with me. I'm not sure how long I'm going to work here because these leads are killing it for us, right? If you believe in the product, you don't need to have all the sales skills. You'll do it the right way because you'll actually want to help the person. So that's why the most important part of the sale is the product. Because unless you're a malicious
Starting point is 03:04:38 person. Like most people here, it was everyone here have some level of ethics on some level. Like no one here just wants to like take someone's last dollar. Right. So then the only way to sell hard, because if you're going to close, you've got to sell hard. The only way to sell hard is to believe through and through balls to bones when you look at yourself in the mirror at night. This is what I talked about when Mike said at the very beginning, like what happens what people start hating on you. The only way that I've been able to stay where we're at in the gym industry, Mike knows the amount of hate that I get. Right. The only way we've been able to do that is that I read the testimonials, the thousand of them that I have, of gyms who have gone to six figures,
Starting point is 03:05:15 of the hundred gyms we've taken to seven figures, right? Like I know, beyond a shout of a doubt, that our product works. I also know that if you sign up for a gym, not everyone loses weight. And I'm willing to deal with that. I'm willing to give everyone the opportunity to change their life. So here's the tactics around this. Re-read testimonials out loud, daily in front of your sales, team, all right? And if the business that you're working for doesn't have testimonials,
Starting point is 03:05:41 find another business, all right? I'm serious. You're not going to be able to close. Unless you're, like literally unless you're unethical, you're not going to be able to close. So go find something that is a good product because there's plenty of them out there. All right. Find a good product that you believe in. You see tons of testimonials and then read those every day in front of the team, all right? Second, well, this is for the business owners, but fix everything you possibly can about the product, all right? And never blame a customer for lack of success. So as much as there are people who have not been successful who've used gym launch, I still take the fact that they were not successful and I think, what could I have done that would
Starting point is 03:06:16 have made the next person like them successful and you plug the hole? Right. If you do that over and over and over and over again, you know truly at the end of the day when you look at yourself in the mirror, when no one else is watching, whether or not you truly put the effort forth that merits the price that you are charging. Right. And only you can know that. And the thing is, is like, the reason salespeople get beat up is because they don't put the work in and then it grates on their soul and then eventually they burn out they burn out not because they can't handle no but because they can't handle how they feel about themselves right and so you have to put the work in to have the conviction because that's what's going to get you through it if you've ever met someone who's a born again Christian
Starting point is 03:06:55 all right they are convicted they do not care how many people tell them to shove it because they are trying to save people's souls. It's real. Like if you let that hit you, it's real. You know what I mean? And if you can be a disciple of whatever the product that you have, an evangelist in the truest terms, then all the scripting stuff, it won't matter.
Starting point is 03:07:19 Why are some of the best salespeople, clients who had success, because they believe in it. That's it. And the most convicted person will always win the fight. Right? They'll always lead the dance. Because they have conviction in their skepticism. you have conviction in your product and one of you is going to win out, right? And the question is
Starting point is 03:07:37 whose belief is stronger? Because belief isn't binary. It's not do I believe or do I not believe. It's how much do I believe? To what extent do I believe? Would I bet $1,000 on this product? What I bet $10,000 on this product? Would I sell my mother this product? Think about it. If you would sell your mother this product, how convicted are you? Probably vary. And you will have no problem closing deals. and notice that I have a lower tone right now so that you listen to the words that I'm saying so you think that they're important. In terms of the training schedule,
Starting point is 03:08:08 60 minutes a day, five days a week, my guys do world-class sales training. They text me in the morning before they wake up. They text me once they're done. They do the first 25 minutes. They read the script out loud. Five minutes, they drill obstacles. I need to think about it.
Starting point is 03:08:20 I need to talk to my partner. This is expensive. And then they draw the second half, right? As a closure, you've got to talk, you've got to listen. You've got to train both skills. The talking is the tone and saying the words the right way and the right sequence without having to think about it. The listening is going over recording and figure out what went right, what went wrong, and what we're going to do next time.
Starting point is 03:08:39 And saying it, drilling it as a team, marking it, and moving to the next one. That's the short answer. We 10xed the recurring revenue in one of my portfolio companies by using what we call the diagnostic sale. There are seven steps that you can use to follow the script and apply it to your business. Enjoy. I crossed $100 million in net worth by age 32. I sold my first big company for $46.2 million. And the reason we're able to do that is because we know how to grow companies.
Starting point is 03:09:04 And so now I buy companies at a lower price, I grow them, and then we sell them. And so I want to talk to you about one of the companies we just bought. We bought them a year and a half ago, I think, or a year ago. They had 14 locations. So it was a chain of brick and mortar. And since then, we've gone from 14 to 32 locations. And the reason we're able to do that is because we focused on the sales process. through a process that I want to walk you through, something that I call the diagnostic sale,
Starting point is 03:09:31 we're able to 10x the recurring revenue of the business across all the locations. So before we get into the nitty-gritty of the story, let me just walk you through the steps in the diagnostic process. First is we like to have some sort of pre-sell questionnaire, which the purpose of that is to get more information that arms the salesperson so they know who they're talking to, what their pains are. But from the sales perspective, for them, they also increase their awareness of the problem. Second, is we get their information in their credit card, which is key, and I'll explain why it later. Third is, we want to understand what the current situation is.
Starting point is 03:09:58 Where are you at today? Then we have your desired state. So what would you like to be at? And then what's the obstacle? Why aren't you there? And then finally, once we have these big three, we present the desired state in our vehicle to overcome the obstacle and we tie our price
Starting point is 03:10:13 to the way that we're gonna get them there. And then finally, we give them an incentive to prepay. So here's the five steps that we follow to actually get this done. So number one is that we secret shopped the business. So we actually looked into it. We went there, by the way, you should secret shop your own business.
Starting point is 03:10:27 highly recommend doing it. You'll be horrified by what you hear your sales guy say. You're like, I thought we had a script. What are you even doing? Number two is from there, this is basically information gathering. We forgot what the constraint is. Okay, where do we think there's big opportunities in the business? Now, you should think about yourself as your own business consultant.
Starting point is 03:10:43 If you could buy your business today and look at your business, what would be the no-duff thing that you would do? Now for this particular business, we thought that they had an offer constraint, which really came down to packaging. We had offer slash packaging, because fundamentally, we're not going to change the core of the business. We're not gonna all of a sudden start selling soap when you sell HVAC.
Starting point is 03:11:02 Like that's not gonna happen, right? So the core of the business can remain unchanged. It's how we're going to package the services we deliver or that the services we sell to a customer. How are we gonna get them to perceive what we're selling? We gathered the data, we figured out the constraint was that they should get way more rebookings, which I thought was an offer and packaging issue,
Starting point is 03:11:20 which is we need to sell the solution, sell the goal. And so number four is, okay, if we assume that we're gonna make this new transition to this new offer, new, packaging we have to anticipate so you can we call it killing zombies which is one way of putting it you anticipate the obstacles or objections that people are going to throw at you ahead of time write this in neon marker above your sales team which is it's way harder to get someone to buy
Starting point is 03:11:43 after you presented the price because now they're like he's trying to sell me so we have to counter that before we become salespeople in their mind we are a trusted expert ideally if we're positioned well and you should be that way if you know what you're talking about and I like to use the frame of childlike curiosity. I always tilt my head, I probably even did it subconsciously just now, you tilt your head when you ask the question because it's non-threatening. You're like, huh, that's weird. What changed between then and now, just so I understand? Then they can tell you rather than be like, you said that your husband says he supports you, you can't say that, now you have to buy. It doesn't work that way. If you win the argument in a sale, you lose the
Starting point is 03:12:19 sale. The only way that you win the sale is being willing to lose being right. And so the fifth step, and this is the ongoing step, is that you implement the diagnostic sales process. So it's implementation. So now that I just outlined the five steps, let me deep dive into the implementation and the actual business and how we did this. With this particular business, when we bought them,
Starting point is 03:12:38 I spent four hours with our director of sales and we outlined the new sales process we wanted to implement. And as soon as we implemented that sales process, we four-xed LTV progression, meaning how much people paid us. It went from 200 to 800. So really big jump and we the crazy thing about this is that we didn't change what we delivered We only changed how we presented it and so this is the key of how we create value how we scale companies how we grow companies
Starting point is 03:13:06 And many companies keep these things as secrets as their special sauce and I just fundamentally believe that the more we put out the more we get back and so that's why I operate this way All right so I will hold nothing back and this is something that I call the diagnostic sales process now Now, to be very clear, the diagnostic sales process is one of two different sales, or maybe three different sales, processes, big picture that you can have in a business. One is a transactional sale all the way on this extreme. So on one side, you've got transactional sales. And on this side, you've got enterprise sales, which is like relational sales, like you're selling some big Fortune 500 company, you have to get stakeholders involved, get budget approval,
Starting point is 03:13:50 there's all that stuff. And on transactional side, you've got like high velocity sales. were talking 20, 30 minute sales, a guy who stands over the car wash, sells car wash, somebody sells gym memberships, transactional. And then you've kind of got like this middle where you might sell something that's a little bit higher ticket,
Starting point is 03:14:05 but it's a little bit more custom, all right? Now, what we did was I took their sale from here, a purely transactional sale, and moved it towards custom. All right? Now, in a transactional sale, you typically fit the customer to the product. And so let's say that I sell pens, all right? So I sell pens. If somebody comes in, I'm going to basically spend all my effort
Starting point is 03:14:27 listening to what they say they want and then telling them how this pen fits their needs. Or I have to basically say your needs are wrong, let me educate you more, and this actually solves all your problems. Right, and so those are pretty much the only two approaches you can take in a transactional sale. Now, the advantages of having this type of sale is that it's really fast, they tend to be lower ticket in general,
Starting point is 03:14:49 and from an operational perspective in the business, you don't need to personalize anything. And so you get to get to the same, And so you get the sales team and the sales process to basically orient everyone like a funnel down to one solution, and then you just make a ton of these solutions and you get lots of efficiencies because you only have to produce one thing. This, the custom sale, is a harder sale, sorry, easier sale to do, but harder on the operational side. And so the magic happens when you can actually bridge the product component of transactional, which you say, okay, we only sell these types of widgets.
Starting point is 03:15:21 This is the only thing we deliver, but I can do it in a way that feels custom, feels personalized. All right, so I'm going to give you two examples, and I'll explain this one in a second, this chart that I have here, which if you could take your recurring revenue from that to that, just by changing how you sell, if you'd want to do that, hang tight, we're going to break the out in the process. So if I had, because I did this in the gym world too, which is part of why our gyms make more money. So a traditional sale looks something like this. someone comes in, so this is traditional, and you say, we have a membership that's, you know, whatever, $99 per month, all right? That's your membership.
Starting point is 03:16:00 And you say, our membership has this, this, this, and this, and you want that, right? Because it's going to help you accomplish all your dreams. Okay. Sometimes you get people, sometimes you don't. What I do, we do something called a diagnostic. And so the first thing is that when the person walks in the door, we, you know, we do. We get them to fill out a pre-sale questionnaire. And so that's like an application in a digital process, but an in-person process it follows
Starting point is 03:16:28 the same logic, which by the way, internet businesses follow local businesses. Local businesses can also model internet businesses. When you find out something works in one place, which I think has been one of the big advantages of I've had in business, is I try and put it in a completely different place and it often works too if you understand the concept. And so we fill out a pre-sale questionnaire. Now the pre-sell questionnaire simply walks them through all the reasons they walked in today. And it asked them the same question in multiple different ways. So it's like, hey, like,
Starting point is 03:16:52 what brought you in today? What's the problem you're dealing with? How long have you been dealing with it? If you had to quantify how much this has cost you financially, what would it be? If it continued for five years, how much worse would the situation be? And so the whole point is we're trying to agitate tame. We're trying to bring attention to this problem and elevate its importance. So that's what the pre-sell questionnaire does. Now, the second thing is we get info, and this is very key. So when someone comes in after that, we say, hey, I want to set up your account profile.
Starting point is 03:17:21 And so when you do that, you collect their information, and this is the key part, you get their credit card. Now you're like, wait a second, I'm getting a credit card, but I haven't sold anything. Exactly. And you do that so that when you do sell something later, you don't have to ask for it. Now, you get the pre-sale.
Starting point is 03:17:36 They're like, wow, I really do need this thing. You say, hey, let me complete your customer profile. Standard procedure, no big deal. All right, then you get their info. Now, if they're like, well, I don't want to give you my credit card, You're just like, it's just how the system works. It's how we complete profiles. And then they'll give it to you.
Starting point is 03:17:50 All right. So from there, this is where the special magic that's unique to each individual business happens. So in the weight loss business, I want to understand where their goal at. So we say, what's current? And then four, what's desired? Where are you now? Where would you like to be? And then this one, you ask them.
Starting point is 03:18:17 Say, what's the obstacle? What's in between? these two things is the obstacle, right? Current, I've got an obstacle, getting the way am I desired. That's all we're asking in the process. Now, in weight loss and in most businesses, the thing the person thinks is in the way is often not the real thing in the way.
Starting point is 03:18:36 And that's because they've never had this conversation before. They clearly haven't solved the solution and that's why they're coming to you. And so you wanna just get their words more so that you can explain it back to them using the language they gave you. All right, and so in the weight loss world, for example, Instead of selling a membership, I would say, okay, well, it sounds like you need these three things, fitness, nutrition accountability. Fitness-wise, you need to work out X days a week.
Starting point is 03:18:59 Nutrition-wise, you need to eat this food at this time, and we can help you meal prep the stuff, so when you go out to restaurants, you can still stick on it. And you need accountability, because if you don't, if you do, if I give you the best fitness plan and the best nutrition plan, but you don't show up, doesn't matter, right? Accountability is what makes the whole thing work. Great. Fitness nutrition accountability, easy three-step framework. Fantastic.
Starting point is 03:19:18 Now, this is where it becomes diagnostic. Now, most customers, and this is where the magic happens, is that even if you still deliver the same thing. So fundamentally, when I switch the sales process, the gyms remain the same. They still have workouts, they still have nutritional, they still have accountability. Nothing changed, but how we present it changes. And so rather than saying, hey, I'm going to sell a four-week thing or a six-week thing, I say, hey, you're currently 200 pounds. Okay? Now, what's your high school week?
Starting point is 03:19:48 She says, I want to get to 140. You say, okay, cool, you want to get to 140. This is your desired. Okay? So we have a 60 pound difference. Now, what we found is that we don't want people to lose more than pound and a half to two pounds a week. All right, so let's just be conservative and call it one and a half. So that I take out my calculator and I say, what's one and a half times 60?
Starting point is 03:20:08 Which would be other way around, it would be 65 by one and a half, which is 45. Okay? So 45 weeks is how long it's going to take. to take you from 200 to 140 so you lose a pound and a half a week it's going to take 45 weeks and so six present price in relation to goal so you say awesome so we currently charge 99 bucks a week we can get you there in 45 weeks which means it's 4500 and that means and for us i added a guarantee on the back end which which said hey if you show up to the workouts for the next 45 weeks and you log your food and you don't lose the weight i'll keep working with you for free until you do
Starting point is 03:20:55 so that means this is the translation this is the key part in the script so that means when you pay this $4500 it means that you can count that weight for good you can put it out of your mind you pay me this money we're going to get there one way or another as long as you follow the steps you're going to follow the steps right great and so here you're trying to sell 99 bucks a month or whatever this would be 99 bucks a week if i was doing equivalent pricing right so this would be like a sell my private program. But by positioning it this way, I'm not selling a membership anymore. I'm selling exactly what they want and putting a price tag on it and saying, you want to get to 140, it's going to take this long, and I'll guarantee that you'll get there, provided you follow
Starting point is 03:21:33 these steps. And then they say, wow, that's awesome. And you say, well, if you want, I can save you a little bit of money. You want to save a little bit of money? And they're like, yeah, I want to save a little bit of money. Well, if you prepay, you can save 10% today. So I can save you $450 bucks. Do you want to do that? That's what most people do. Great. You want to use the card you have in file? Done. So that's the process. Now I took this process and applied it to a completely different service business that we own, that's a chain, that this is a little bit more medical. But the concept still applied, which is, and this is the key part is, you have to figure out for whatever it is that you sell what the current is versus what the desired is. So if I were,
Starting point is 03:22:24 were a painter, all right? And I was painting houses. Sounds crazy, right? So hey, so you currently have this thing. You want a completely painted house. And so the, like, now for them, this is like more us do it for you rather than self-service. Like I'm gonna have to, like they, you're not painting your house and them helping you. So they're actually gonna paint the house.
Starting point is 03:22:47 So then we just try and think, how can we, how can we, how can we sell to goal and break it into a price that we tie to that. And so it'd be like, okay, so we're going to need four coats of paint, and instead of this period of time, and then at that point, your whole house is going to be weatherproofed. And so that means that when you pay this price, that's what you're going to get by this date. And if we don't get it done by that date, I'm going to give you this. And that way we can relieve their risk that it's not going to happen, and we tie the purchase to the outcome. So this particular business, when I bought it, or bought into it, it was a business that they had really good lead gen, and they have a good product, but they didn't have good packaging. And I saw the opportunity because I knew that if I installed
Starting point is 03:23:32 my sales process into their business, I could make it make a lot more money. And so if you have the opportunity to like 4X a business without opening new locations, you do that. And so that's more or less what we did. So I actually wrote down the new sales process. It took me four hours. So I wrote down the new sales process and then I presented to the management team and they were like Wow, this is the most valuable thing we've ever had happened to our business and I said great So let me know when you do it across all the locations and let's keep buying and opening new ones and so 18 months later we have 32 locations and the recurring revenue in that time period has gone up and the average revenue per customer went from $200 to $800
Starting point is 03:24:14 from this one process and that was because before this they were selling one off transactions. They're saying, hey, we'll do this service for you. So think of it like Botox, or we're going to do filler, or we're going to do something this one time. And so rather than just say, sure, give us a call when you want it again, which is pretty much what the process was before this, I say, hey, you want to look a certain way. You're not here because you want filler. You're here because you want to look a certain way. So if I show this chart to you of faces and filler densities, where do you see yourself on here currently? Now you let them self-identify. You can't be like, look, bitch, you're ugly. You can't say that. So you got to say,
Starting point is 03:24:51 where are you on this chart? And then they say this. Now, in the weight loss sale, I got them to step on the scale. The scale called you fat, not me. All right? So maybe just point to the third party, not me. So you get them to pick how ugly they are. All right? And then you say, how pretty do you want to be? Now, everyone's going to say, I want to be super pretty. But here's the beautiful thing. When they pick how pretty they want to be, they're the one who set the goal, and that means that the price came from them. And you know where I picked this up was yogurt stores. So one of the things I thought was genius about like yogurt land and things like that was if you go to a store and then they fill up your stuff behind the counter and then they say, hey,
Starting point is 03:25:25 it's eight bucks, you're like, man, what the hell? This place is so expensive. But if they give you the cup and you fill it up and you put it on the scale, you're like, man, I'm a fat ass. Same pricing. But because I had control over what I picked, I'm the one who's responsible for the decision. And so by saying, where are you on this chart? And again, this is where the magic happens, as I see current desired, that's where the thinking behind how I'm going to structure a sale is where, like, that's where the experience, that's where the expertise, that's where it comes in. This is the process.
Starting point is 03:25:55 And hopefully you guys can take this for your business and think like, okay, what's current? What do they really want? They're not buying lip filler. They're not buying a painted house. They're buying an image in their mind of what they want that house to signify or what it means to them. And this lady's not buying filler. trying to buy a certain look. She wants people to think about her a certain way.
Starting point is 03:26:14 When she walks in the room, she wants guys to turn their heads still because she's probably getting a little older. They're not turning their heads as much. And she still misses that. And she'd pay anything to get that. So say, you're ugly now. How pretty do you want to be? We say, cool. So for us to get you from here to here, it's going to take us 45 weeks. It's going to take us Botox filler and, you know, plastic surgery. Whatever. We're going to have to hit you with a pretty shovel and bring you back to life. All right? We're going to have to do this. and it's going to take this many weeks for us to reverse this level of aging, or at least take these cross feed out or whatever it is.
Starting point is 03:26:44 And so we tie where you're at to where you want to go, and then our solution is only the vehicle that delivers this outcome. And so that is the moment that you present the price, because they picked where they were, where they want to go, and then you as the expert, explain the path to getting there. So they picked the before and after, and you just use your expertise of this is what we found best to get people to here, who start where you're at.
Starting point is 03:27:06 And so we found out that this opportunity existed within this particular business because I had my sales director secret shop them. So mindy, this is brick and mortar chain. We have a lot of locations. So we could sneak our way in. It's harder if you have like a, you know, four sales guys who just do all the sales, they'll just tell the owner, right? So we wanted a secret shop before we actually completed the investment. And so when he went in, I asked him. So I went through this checklist.
Starting point is 03:27:28 I was like, okay. So did they give you some sort of pre-sell question? He was like, no. It's like, okay, great. I was like, did they ask you for your credit card, or did they ask you for your information, anything, before you got the service? And he was like, no.
Starting point is 03:27:39 And I was like, fantastic. What else did they do? It was like, did they have you set, you know, pick where you're at and what your goal is? He said, yeah, they did have me pick where I was at, but not where I wanted to go. So they just had him pick, okay, how ugly are you? And he was like, okay. Now, again, not completely flawed. I want to be really clear here.
Starting point is 03:27:57 Like, this is a look at 14 locations. They're not idiots. They had the pain. We agitated the pain. They said, listen, this is how ugly you are on the, the scale that we invented, and you're here. You're a seven ugly. Great.
Starting point is 03:28:08 So he checked this. But he didn't get to say where he wanted to be. So then from there, he just went right into the service. And then when he came out, he just gave them the card to pay for the service. And that was it. And then he just walked out the door. And I was like, wait. So they didn't actually ask you to buy a package or get into some membership or anything.
Starting point is 03:28:29 And he's like, well, they tried to upsell me this one product at one point, but this was the price point. And the price point was like 20 bucks or something. And I knew what the average customer was worth, which was like 200 at the time. I was like, by the way, if you're gonna do upsells, you want the price points usually be five times more than the current price. Because if you get 20% of people,
Starting point is 03:28:48 so customers are fractal. So we're gonna go into a little side quest here, but it'll be worth it for you since we're talking about sales. So you've heard of 80-20, right? So you've got 100 people, right? The top 20%, and you've got the 80 underneath, right? These are the people, 8020, 80, 20 have five times a spending power of these people.
Starting point is 03:29:10 And so because of that, if you get 20% of people to buy something that's five times as expensive, so let's say my current thing is $1,000, if I'm going to have an upsell, I want my upsell to be $5,000, because if 20% take it, then it's 20% times $5,000, which means I add $1,000 to my average ticket. So I go from $2,000, or so $1,000 per customer to $2,000 per customer. And so when I heard that their upsell was 10%, it'd be like having, it'd be like my upsells $100. Okay, fine, maybe 20% take that.
Starting point is 03:29:47 So I go from $1,000 to $1,020. Who cares? Like, what's like, why bother? Right? And fundamentally, again, smart business owners, and they were upselling product, which means there's no real delivery in a brick and mortar service business. So they could just hand the product, make the money. And I think they were using it more for commissions for their staff to increase the
Starting point is 03:30:06 average pay, which a different objective entirely and totally fine. But I was only looking at this from how do I take customers who are worth $200 and make them, my goal is to get them worth $1,000. Currently it's $800, and I'm going to keep getting there until we get to $1,000. But I think that we can get it to $1,000. And so we secret shop them, number one, which, by the way, if you have a team of people who are currently selling your stuff, secret shop them. And then be horrified by what you listen to on the phone or what you see in person because you have this beautiful idea of what you think your sales process is and it's a nightmare it's an absolute nightmare if they remember half of it you'll be stoked and so if you run in an environment especially in a
Starting point is 03:30:48 lower wage environment so if you're brick and mortar you have a chain of locations and you have to take low-scale labor and teach them a sales process you've like the the expertise in sales comes down to how easy and simple you can make the process. And so that comes down to like, can I automate parts of the point of sale so that they can't move forward without doing this checkbox, right? And by doing this checkbox, they have to ask the question. So it forces script adherence. Now, training sales, not into this video, but you want to basically repeat the process
Starting point is 03:31:19 over and over and over again, until they're sick of it. Until they say like, yes, Mom, would you like to have, do you have your credit, you want to use the credit card on file? Like, until they're saying it, like they can breathe it. they can think they can say without thinking about it that's when you've maybe just started to have a team that's that's well trained now that we finish these seven pieces of the diagnostic I want to add one more bonus because you're like wait a second so where's the where's the recurring revenue great observation
Starting point is 03:31:43 Andrew okay so so number eight is transition to recurring all right I remember this I'll give you two separate stories that'll drive this home so a friend of mine has a recurring membership that he sells and he sells it at a I think he was selling at $300 a month, and he couldn't get people stick past three months. And so he tried all these different gimmicks and things, and he just couldn't crack three months of LTV. Now, that could have been a pricing issue, whatever.
Starting point is 03:32:09 So this is what he did. He stopped selling it at $300 a month, month to month and started selling us a $10,000 program with 36 month of interest-free financing. And so when people bought, they were buying a $10,000 price point, but they got an amazing payment plan. And so he didn't change anything about what he sold, But that took his average customer from three months to eight months.
Starting point is 03:32:33 So we're talking about $900 to three times 300 to $8,300, $2,400. That kind of change in a business, life changing in terms of how much money you can make. The second one was I had a different friend who had a continuity program. He was an agency. And what he did was he realized he had churn in his business. And so he said, you know, people are way less likely to turn out of a payment plan, same as the other one, then they are out of a monthly recurring revenue stream. And so what you call it to the customer can affect the likelihood that they pay.
Starting point is 03:33:02 But as far as the business is concerned, you just want payments that are regular. And all you do to take a program and take it from a payment plan to recurring in terms of how it actually looks and feels is you just put an automatic recurring at the end of the program. And so when someone buys this big thing and you make a payment plan and then it recurs into the exact same price as the payment plan, you just move the pieces around. but the likely they stick his way higher. And so that's exactly what we did as the last step in the diagnostic sales process. And I wanted to highlight this point for you because I've done it in every business.
Starting point is 03:33:35 And so we give someone the option to prepay. You can give, if you want a little bit more aggressive, you get 20% off if they prepay today. If you want to have one step down below that, which is what I like to do, you give them 10% off if they do half down and they make the rest as payments. And if they still can't do that,
Starting point is 03:33:50 then I take the whole thing and I spread it over, let's say, our 45 weeks. And so I'd say, okay, it's $99 a week, $99 a week, and there you go. Now, they go from $99 a week to $80 a week if they prepay the whole thing. And they go from $99 a week to $90 a week if they prepay half. And here's the key part, is that when we present the price, you present it at the highest rate. So you present it at the payment plan. Let me walk you through this because I think it's important.
Starting point is 03:34:20 Well, I'm going to put it here and so I don't have to flip screens for it. All right. So you have your full boat, I'll say full interest price. So for us in our example, it's $4,500. All right, 45 weeks times 99 roughly. All right. So this is our full boat price. We have our prepayment discount in full, which is minus 20%. All right. So for us, it's going to be minus, what is that, 900? Yeah, 900 from there. So that's $5,600. Sorry, other way. 30,600. If they do half down, You say I'll let you save 450 bucks, so 10%. So 4050. All right, so this is 10%, minus 10%, that's minus 20%.
Starting point is 03:35:07 Now, the reason this is so important is think about the alternative. Think about, and this is what most people do. So listen to me, Andrew, most people do this. They present the price as $3,600. And then they say, oh, well, we have payment plans that we have interest on. And so we do have 10% interest if you can put half down. and we have 20% interest if you put nothing down, and you just go onto a straight payment plan.
Starting point is 03:35:32 Well, which one would you rather buy? If on one hand, you have a $4,500 price tank, which anchors you high, and you say, or you can get a benefit for prepaying today, rather than you think about $3,600, you're considering it, and then they say, oh, it's even more, even though you're just considering this tag, guess what?
Starting point is 03:35:48 You have to pay way more now. Because you can't afford it, you have to pay more. Banks do it all the time. And guess what? Everyone hates banks. So if banks want to fix their process, Mr. Bank, maybe this will work. Who knows? Anyway, point is, is that this is how you present the price because you get the benefit of a price anchor, and you get to be the good guy for getting them to pay up front rather than the bad guy for them not being able to.
Starting point is 03:36:10 So we're going to go through step eight in the more transition process for the sale. And so I want to just walk you through step downs. And so this is super important to understand from a sales perspective. So we'll call this sales step downs. And this is, by the way, a preview for my next book coming out, $100 million. Anyways. So sales step downs is one of the things that we have. So obviously the first thing we're going to present is a prepayment, all right, which is pay and full today.
Starting point is 03:36:39 Pre-pay. By the way, you've probably noticed from any of my content, I don't say paid-in-fulls. And that's because that's a salesman term, not a customer benefit. If you prepay, you get a benefit. Whereas paid-in-full is like, I got a... all the cashed afront, good for me. And so I have trained myself, because I used to say paid and fools, Piffs, you know, whatever's Piffs, like all of that stuff I used to do as a sales team, sales leader. And then I also heard my team saying that to customers, be like, hey,
Starting point is 03:37:04 if you want a paying fool today, like, it's just like kind of gross. And so I prefer to say, like, hey, we have a prepayment discount. And so training that, just a little pro tip for you. So number one is prepay. Number two is we do discount with partial. So this is the half down. Oops. Half down. Here you can also do in-house. Well, this is whatever. Sorry. This is credit card or third-party. So if you have, like most, most businesses that sell legitimate services have third-party financing solutions that already exist. And so I promise you there is a banker somewhere who started a business to service this emerging market of whatever it is that you do who says, I'll bet you I can help finance transactions. Now, the prices they
Starting point is 03:37:53 charge for that financing will differ based on how risky your business is. And so, like, there's financing for casinos. Like, if you want to get a, if you want to get a loan to go gamble more, like, there's financing for that, but they will charge you a lot of money, right? And so, like, that being the extreme. On the other hand, if you want to finance a house, there's obviously a huge mortgage industry. And so from every step in between, there are partners who will step in as third party and take on that risk for you for a price. And so I prefer, can I get the prepayment because it's easiest and fastest? If not, I usually, I usually, of a third party that I set up so that my customers can get financing.
Starting point is 03:38:27 If we don't move past either of these two things, then I try to go with a partial, with some level of discount, not as much as here, but a little bit. And if they still say no, then I go for continuity, which is, why don't we just make a payment plan on the thing? And in this particular business, because what they were doing before was simply rebooking people for another session of service, we just had this be the automatic, like everyone gets rebooked and that became that became an internal saying like I like having mantras within sales teams which is like everyone buy something like everyone
Starting point is 03:39:02 buy something there's no reason someone should not buy something and so sure we'll get a prepay maybe a partial okay fine we'll do a payment plan that's whatever call it you know 250 times four great that's our $1,000 that's our thousand dollar that we're getting people to buy and pay 250 today and then three more times and you can do it every other month if it's a more or intermittent service, whatever, just match the payments to when they get delivery. And then finally, if they're like, well, I can't do any of those things, it's like, cool, let's just book the next time you want to come in.
Starting point is 03:39:33 That's it. And so this is the final of the process in terms of the step downs that we might offer someone. We just walk through this whole process and you're like, wow, maybe that's a lot of work. I have to use my brain power, but welcome to business. But let me tell you why it's worth it. So these are the actual stats and I put the numbers without the names to keep a nice open loop for you. So number one is that they had 9% of revenue that was recurring within this product line. All right? So they had 9% that was occurring after we
Starting point is 03:39:59 implemented this process 60% they took this 9% to 60% of this product line within the company. So awesome. Number two, they had basically no membership at all because they just weren't they wasn't even an option, not really, and we were to push that to 30 that's a 30 30% into memberships this included payment plans this is just memberships and then they went from getting one additional extra visit on average per person meaning two to getting four to six visits per customer by introducing this sales process and from a money perspective we went from $20,000 when we bought the
Starting point is 03:40:46 business so mind you this business made a lot more money than this single product line or the service line but this is where I wanted to invest my time because I thought there's a huge opportunity here because I saw from the secret chopper from the constraints I thought this was a big area of attack and so they're only in 20,000 a month with business the size is not a lot and then however many you have to me dots this later over 250,000 per month and added and it continues to grow and this compounds and that's the that's the beauty of this type of sales process and repackaging of what someone are
Starting point is 03:41:20 already sells. And so we went from 9 to 60, 0 to 30% of memberships, from one visit to four to six visits and from 20 to 250,000. So we more than 10xed the recurring revenue of this business by following a diagnostic process rather than just selling some traditional one-off thing. The first thing you have to learn how to do is how to sell. The second thing you have to learn how to do is get someone else to sell for you. And so in this video, I break down how we scaled a new sales department from zero to 40 sales reps doing 5 million plus per month in sales within 90 days. So before I explained the $21.6 million increase,
Starting point is 03:41:53 let me kind of give you some context on this business and where it was in the life cycle. We brought in mercenaries. So when I say mercenaries, I mean an outsource sales team. The founder of the business had never been in sales at all. He'd never gone on the phone, he'd never done door to door, he'd never done anything related to getting a stranger to give him money one on one.
Starting point is 03:42:09 I thought it was too risky to try and have somebody's completely new to it, try and start from scratch. And so I called somebody in my network, and I said, hey, do you wanna make a bunch of money? And he said, Can you round up some of your guys and start taking calls for this company that I have? And so they started taking sales and we started making more money. We have a W.
Starting point is 03:42:30 Money up, W. Fantastic. And in a second, I'll walk you through all the statistics of what the mercenaries and the outhouse team did, which then led us to a fully in-house team. Now, as you can imagine, going from zero sales guys to 40 sales guys and a fresh company is hard. But let me explain some of the problems with the mercenaries and then I'll walk you through the actual stats. So there were three main problems with the mercenaries. All right. Problem number one is that we were giving them 20% of the revenue. All right. Now, this is something that I was vehemently
Starting point is 03:43:02 against, to be very honest with you. In this particular company, I was in minority position. I said, it's ultimately your call. I was like, but I would not do it at this percentage. They decided to move forward with it anyways. And hey, we made money. There was a W there. But it was a problem. 20% of revenue coming in is a big fucking check. The sales team company was arguing we can't get the top guys. to sell unless we give them a really big rip. That's sales slang, big commission. So we had to give them 20% of the revenue that they collected as commission to the mercenaries team,
Starting point is 03:43:30 the outhouse sales team. The second problem that came up is related to performance. They were getting less than 30% of people to ascend, meaning people who buy the first thing to buy the next thing. And we wanted it to be higher than that, or I believe that it should be higher than that. We're paying a lot, and we're not getting as much out as we want. The third problem with the outhouse sales team,
Starting point is 03:43:51 and this is one that I think more long-term about because I'm an investor in the business, is the sellability and enterprise value of the business, meaning in the future, we'd like to sell the company at some point, probably. And even if you don't want to sell a business, creating a sellable business still makes the business more valuable. And so if you can make a business more valuable to a stranger,
Starting point is 03:44:12 it also becomes more valuable to you. If you have an outsourced sales team, something that exists outside of the business that's responsible for 20, 30, 40, 40, of the revenue in the business, then that could be a material issue. That's why we decided to look at these three things and say, all right, let's see if we can move this in-house. I'm going to walk you through first the funnel, kind of before and after, and then I'll walk you through the process that we did to fix it or swap it over. That resulted in the $21.6 million increase in profit,
Starting point is 03:44:39 not revenue, profit. The way that this process was structured is we had a two call set up. We've got a percentage of people who schedule a call, a percentage of people who show to the call, then schedule the next thing, then they have to show to the next thing, and they go to the next call, and then do they buy? So let me walk you through the stats here. Because everyone who bought the product had a first call that they wanted to attend, 100% of people were scheduled to show up for this call. With the outsource sales team, we had 74% of people who are actually showing for the call. Once they got on the call, we're able to get 53% to schedule the follow-up call. And so some people call this a qualification call, which is if you're going to sell something else, you want to make sure the person actually fits for the thing you sell. It makes sense, right? You want to make sure they have the problem to solve the money to spend. With the 53% the outsource team wanted to only give their closers because he's trying to optimize for his dollars per hour for his team only the easiest closes. So they weren't willing to take calls. They weren't already sure we're going to close. All right. So because of that, they're only passing 53% or almost half to the next call. Now again, this is just scheduling.
Starting point is 03:45:50 Now from here, we had 63% showing up to call two. So this is call one. This is call two. Now, this is the close call. This is the set call. This is the close. I'll just put set. This is close.
Starting point is 03:46:04 So the last box we got to fill in here is how many people were they actually selling? All right? And they were getting 80% of people who showed to the second call, the closed call, to buy. All right? And so that is where money came out the other side. Hooray. So let's walk through the. math as if a hundred people bought the product. So if a hundred people bought the
Starting point is 03:46:24 product, then it means that we'd have 74, 74% of 100, 74 people who would show up to this first call. Now, of the 74 people, 53%. So about 37 of them would then schedule for the second call. Of the 37 people who scheduled for the second call, we're gonna have 22, so 63%, 22 of them are actually gonna show up to this close call. Now, 80% of these 22 are going to close, which means we'd have about 20 sales or 20% of that front end that ascends. Now remember, I said at the very beginning, one of the problems is that we wanted to be closer to 30. This is the issue. And so I want to be very clear.
Starting point is 03:47:10 A big part of this was the price point we were selling it and the fact that we were selling people who are already customers. We're not selling cold traffic here. We're selling people who already bought this, already demonstrated an interest. and we're saying, do you want more help with that thing? So we thought it should be much higher. So there's five steps that we broke down that we had to do to go from out-of-house team mercenaries to in-house sales team. And the first one started with hiring a director.
Starting point is 03:47:34 Now, right off the bat, let me explain our thinking process before I explained who we were looking for and how we found them. Because listen, you don't want to hire 40 people, right? You were thinking, okay, I want to hire one person who can then hire 40 people times a lot more circles, right? It's even long to write it out. All right, it's an old investor saying, which is hire one to hire 10. We're going to hire the one person, not the 40.
Starting point is 03:47:57 That's the main decision. After that, what we're looking for is who? Who are we looking for? What do they look like? And then how are we going to find them? Okay. Now, from a who perspective, we wanted someone who had been there, done that. Which means specifically somebody who sold this type of product in this type of industry
Starting point is 03:48:15 and ideally scaled a big team and knows how to coach up new salespeople. So that's what been there means for us for this particular role. The next thing is you want the person to be metrics driven. So one of the easiest ways that you can measure is someone's proficiency in any skills. This is little pro tip. The quality and quantity of metrics that someone explains about how they do their job is directly correlated with how good they are at the job. And so if someone's like, hey, I'm an amazing HR person.
Starting point is 03:48:45 And I say, cool, what metrics do you track? And they're like, well, the happiness of the team. I'd be like, what else do you track? How many complaints I get on payroll? I'd be like, okay, what else do you track? The order that they tell me the metrics they're looking at and what they track is gonna tell me what they care about, what they pay attention to, and their level of expertise.
Starting point is 03:49:03 Now on the flip side, if someone says, hey, I like to take companies from an average a 45 day time to fill to 20 day time to fill, because we know that every day that a company doesn't have something they need, they're losing money, there's opportunity cost of revenue they should be making by not having them. This is really interesting because they're connecting their metrics to the company's revenue.
Starting point is 03:49:20 And so how people talk about the metrics and which metrics they track and how they connect those with how it makes the company more money will show you how good they are or what they do. The third one is just kind of the, I would say, demeanor. Now, I've hired a lot of salespeople and sales directors in my life and the personality of a sales leader is usually not the same as the personality of a sales killer.
Starting point is 03:49:42 Now, there are some superstars who can do both, but it's rarer. Oftentimes, the demeanor of sales directors is a little bit more even keeled, usually more humble, very servant-oriented. They have to be people-people, people. They have to be the type of person who wants to pour into the team and loves watching someone improve their skill set
Starting point is 03:50:00 and can repeat the same directions over and over and over again without losing enthusiasm. That's who you want. You want somebody who's like an energizer bunny of positive vibes because for the most part, sales director is just performance management. They manage the culture of the team. The output of the entire team
Starting point is 03:50:16 is the direct function of the sales director. And so if you think about this like on a football team or something, you can switch the coaches and all of a sudden the whole team does way better. It's because the coach drives the culture in the team that drives the performance and the output. And so that is what they're responsible for. And so if they don't have values, everything else that comes from the team is going to be a diluted version of them. Now we go to the how. You're like, okay, well, that sounds like an amazing unicorn, Alex. How do you find that person who's going to replace this?
Starting point is 03:50:42 Well, I personally have a relatively large network of salespeople. And so one of the big things here is that you can either, this is the core four, by the way, you can do outreach, which means you reach out to strangers, who you think might fit the role. You can run ads. So you run ads to go get more people. Content, you could also do recruiter.
Starting point is 03:51:04 I've used all of these. All right, so there's pros and cons to each of them. But what I will do is I'm going to cross out two of these early for most of you. Most people think that you can run ads for these types of roles. The reality is usually no. The higher the role is, the better the person is, the less likely they're going to respond to an ad. Because think about it, an amazing sales director is always going to have a job and always giving me making good money. Now, they might not like their job as much as they could, but they're going to keep making money.
Starting point is 03:51:32 And sales directors tend to be money oriented in general. And so they're going to keep making money. So ads is probably not the way to get them. Content, unless you have a salesperson audience, probably not going to be the way. You can always try it. It's free. Give it a shot. But I wouldn't say, I'm going to bet the farm on this. So it's probably not going to be content. And so usually you're going to do one of these two, which is you're going to get a recruiter to do it or you do it yourself. But guess what a recruiter does? They do outreach too. I know this is going to sound crazy. You message them and you say,
Starting point is 03:52:02 hey, I've got this role and it looks like you're perfect for it. Could I tell you about it? Or if you want to be a little less direct, you can say, you're an amazing person who'd be a fit for this role. Do you know anybody else like you? They're gonna be like, screw everybody else. Talk to me. Alex, how many people do I reach out to? Five, five. No one's even gonna read it if you message five people.
Starting point is 03:52:23 10? No one's gonna read if you message 10 people. Reach out to 100 to 1,000 people. And if you get to that 1% on the 100 and you haven't found it, then you might have to go 1% on 1,000. And that's okay, because remember, would you rather have a top 1% sales director?
Starting point is 03:52:37 I sure his shit would. So it's okay to turn down the first guy you talk to just because he has a pulse and has one of these things. It's like, okay, this guy talked about metrics, but he was a dick. And he actually doesn't have the experience that I'm looking for. Well, then don't hire it. The thing is, is it's tough to do that when you're an entrepreneur
Starting point is 03:52:56 because you're like, I'm bleeding every day. The house is on fire. I need this role. But I promise you it's way more painful to hire the person, onboard them, spend two months running, getting them up. Then they start hiring shitheads because they're a shithead. And then all of a sudden you're like, oh my God, I hit this whole.
Starting point is 03:53:11 team and so even if you do get rid of the top you then have all the stuff they brought in underneath and so you have to clean house and it's really really painful and so as much as you hire one to hire 10 if you fire one sometimes you have to fire 10 and that sucks and so getting this hire right is super important but it's also why we spend more time on it so now that we hired our in-house sales director we want to rebuild the compensation structure right because remember the 20% wasn't going to fly because if we just flipped it to 20 we might as well just saved the effort right so we had to to rebuild the incentive structure. The problem that we had right now, if you remember,
Starting point is 03:53:45 was that we had the problem, I think it was problem one or problem two, whatever, problem two, whatever it was. 20% of revenue was going to the outsource sales team. So we wanted to make sure we were less than that. Our target was sub 10%. And that's usually around what I like to be in. Now, I wanna be very clear here.
Starting point is 03:54:00 There are things that this depends on. So if you're in a business where the salesman does self-gen, meaning they generate their own leads. So if you're, if you're going outband and you're cold calling or your door knocking, then these percentages will be shifted because you technically are a cost of acquisition. You're both marketing and sales.
Starting point is 03:54:16 You're getting the leads and closing the leads. If you're handing salespeople leads, if you're running ads, you have a media team that then generates leads or prospects for a sales team, then you basically have to split that cost between the marketing team and the sales guys. And so given that, let me explain how I actually think about this. What skills do I need?
Starting point is 03:54:34 How rare are those skills? So if I'm feeding softballs to somebody, then I don't need, Ken Griffey to hit it out of the park. All right for Ginzy, uh, Mookie Betts. All right. I don't need Mookie Betts to knock it out of the park, uh, because I'm soft tossing, right? Anybody can probably rock it out of the park.
Starting point is 03:54:52 That's double layer up because at that level, because it's so much easier. If you have crazy expectations, it's rarer and they have more skills. So you got to pay more. If it's something that's not a lot of skills and more common, you can pay less. And so I just think how much would I need to pay to attract the level of salesperson I need? Our goal is to take from 20% to around 10% or less and rebuild the complaint. You can think about compensation in two columns. All right.
Starting point is 03:55:19 You've got money and not money. All right, this is a very complicated system. I don't want to get into the specific, a lot of physics behind this. All right, so you've got the money you give them for closing deals, and then you've got other shit. And so that's recognition, praise, attention, approval, perks, status. If you publicly recognize them,
Starting point is 03:55:43 if you have a leaderboard, if you give them more attention, you actually train them more, you give them more skills, you say, hey, out of boy, awesome job, great day today. You say, hey, the guy who closes the most gets to park in the nice parking lot.
Starting point is 03:55:56 And then status, like maybe when they close 100 sales, they get a hat with a stripe on it. When they close a thousand sales, they get two stripes, and so forth. When you guys come on the team, they're like, fuck, I want one of those hats, right? Sales Team Six, let's go. There's all these things that you can do
Starting point is 03:56:08 that you can do to increase the value of the job outside of money. And as much as people, sales guys include, will be like, that doesn't motivate me. Sure, shit does. All right, it totally does. Because it makes your life better. On the money side, there's a couple ways to do this. All right, and so I'm gonna explain how we did it.
Starting point is 03:56:25 We've made a lot of different compensation structures. A lot of it depends on, again, the business that's involved. Now, one of the big decisions we made up front was that we were going to comp setters and closers. Now, why is that so important? The funnel is throughput. If I can increase my show up rate by 20%, it's just as good as increasing my closure by 20%.
Starting point is 03:56:45 It makes no difference to the business. They were just as equally weighted in terms of their value. But again, how rare are the skills and what skills are required? It's easier to set than it is to close. Just as important, but easier. Setters and closers equally important, but rarer to find a skill from closers so they got paid a little bit more.
Starting point is 03:57:02 But setters still got commissions as well to incentivize the fact that they would get people to show. Cool. So the way that I personally I prefer to set up compensation structures. The idea that I like to have is that I like WW at the top, which means winners win, all right? Which also means losers lose.
Starting point is 03:57:18 That's fine. There's fewer winners than there are losers. What that means is you can have ratchets for compensation, meaning if you close 50% of the people, I'm just using arbitrary number, you get to keep your job. If you close 60%, you get out of boys. If you close 70%, your commission goes from 10% to 15%. Ah, 50% increase, not bad.
Starting point is 03:57:50 If you close above 80%, you get 25%. Whoa, right? And so it ramps. And so it allows the people who are absolute killers to crush. And then the people who are not, guess what happens down here? Churn. But this is structural churn. This is expected churn. This is part of the game.
Starting point is 03:58:13 with this type of role. Like if you require work ethic, you require practice, require people show up early, work late, work weekends, take calls, it requires a certain type of person. And a lot of people aren't cut out for it, which is also why most people don't make multiple six figures or years selling. We fixed the compensation structure,
Starting point is 03:58:27 we compensators and closers, we ramped it so that the best guys would get more than 10%, but we knew that as a team, we averaged around, if you wanna know, the actual number was, we got the overall everything all in, fully baked, including the sales director, for 9%. We're feeding them qualified prospects. They're not even prospects, they're customers.
Starting point is 03:58:48 We already have their fucking credit card. Like we just had to say, want more of the thing you just bought. Want more help with that thing so you can get the outcome you just said you wanted. Like, these are not hard sales. And by doing this, we got to move on to step three. Now that we've rebuilt the incentive and comp plan
Starting point is 03:59:04 to get the types of sales guys that we want on the team, then we had to rebuild the process. So I'm gonna walk through what we do to improve each of these numbers one by one. Because as you're thinking about your business, there is no silver bullet. There's no one thing you're going to do that's changed this entire process. It's 100 golden babies. And this is how we approach everything in business.
Starting point is 03:59:21 And business is a pipeline like this. And so I'm going to show you what we did. And we did improve every one of these numbers except for one, but it was okay. And I'll show you why. But remember, 100% of people are automatically booked for this next appointment. All right. And so we wanted to improve this show up rate. And so we improved it to 91%.
Starting point is 03:59:39 Ooh, 74.91. more money good that's a 21% increase meaning if we did nothing else we did nothing else in this entire process everything else stay the same we would have a 20% increase in sales and most of that would disproportionately drop to the bottom line because we already acquired the customer so all this additional sales money goes to profit big deal so we did three things the first is that the mercenary team is way too aggressive in their copy false urgency false scarcity people kind of see through it so that was number one that they did that we fixed number two is they were
Starting point is 04:00:09 giving people way too much time to book out I'd say hey when do you want to show up for your next call, people be like, oh, how's two weeks from now? And they were like, sure. Our big rule of thumb, despite the fact them trying to push out five plus days for appointments is we try to go for same day next day. And that's because, in our history,
Starting point is 04:00:26 more people show up the same to next day appointments than five days plus from now. And so by just simply making the messaging less aggressive, shortening the time when they can book their next call, and number three, setting reminders that were actually personalized. So rather than just robotext, They're the green ones that everyone fucking hates, right? We'd have the sales guide do a three-way connection with the setter and say,
Starting point is 04:00:48 hey, my name's John, it's nice to meet you, Sarah. Looks like you've got X, Y, and Z that I can reach from your account. We're excited to talk to you tomorrow. I think I can help you with X, Y, and Z. Very simple. But it's a video or a voice memo, and they see it from a real person. All right, and they can take a picture or whatever. And those three things together, 91%, which is a 21% improvement.
Starting point is 04:01:08 So now that we got people to show for that first call, How many of them did we get to schedule the next call, which is basically the close of the set call? You're going to see some magic happen right here. We had a major improvement. I'll tell you what is. I'll tell you how much we improved this one in a second. But we did two things to improve the percentage of people who showed up to set calls who decided to schedule close calls. So the number one mistake that they were making in this particular business is that, again, this was an outsource closing team.
Starting point is 04:01:35 And so they were trying to minimize how much unqualified work their closers would get because they so carefully wanted to make. their closers were happy because they were all mercenaries and they all had to pay them a ton just to show up to work every day point being one the incentives were misaligned and so setters remember we added our setters had a compensation actually get people to set they didn't have that we did add that and so what do you know our setters got more people to schedule wild i know the second thing was that they were dequeing people on the set call uh in my opinion too early and so they wouldn't really go through a sale they would just say hey here's the price, are you down to pay that? If yes, I'll book you a call with John.
Starting point is 04:02:14 But by doing that, they were basically not selling. They were just taking orders, which if I just tell you the price and you buy, I don't need you. You're not selling at all. You're just a checkout page that's inefficient that takes 20%. We corrected number one. We align the incentives of the setters with the overall business, not the closer.
Starting point is 04:02:32 We align the setting incentive with the business throughput, which got rid of the decues that were overly dequeuing people. And we made sure that when they were talking about the product, we were just more trying to qualify the prospect to make sure they had the problem to solve and the money to spend, not telling them the price of what they would ultimately buy because we haven't sold them yet.
Starting point is 04:02:55 We just want to make sure that this is a big enough problem for them and that they seem reasonably able to pay if we present it to them. Our schedule percentage went from, survey says, 53% to 94% for the, those keeping track at home, that's a 77% increase. So forgetting this one, if we kept everything else the same and we only did this, we would have increased sales by 77%, assuming everything else stayed the same, but everything else didn't stay the same. So let me show you the next thing we did,
Starting point is 04:03:27 which is we had people show up for the first call, we got 94% to schedule the next call, and now we have what percent of these 94 actually showing? Because hey, maybe you just get everyone to say yes so they get off the phone, but are they actually showing? Believe it or not, and this is going to sound crazy the show rate that we had here was actually the same process that we had here because believe it or not if people have a good experience and it's personalized to them they're more likely to show and so rather than explain literally repeat myself i'm going to say how we actually got the team to do it so we did four things number one is we started implementing daily training which means that every day the team we get together and they would role play the scripting to make sure their tone is right that they were
Starting point is 04:04:03 coming off the right way that they're hitting the main points make sure that they were framing things properly adding curiosity hitting the main pain points that the prospect is going to have so they could set up the next call. Number two is that we do game tape reviews, which is very simple, but you just watch game tape with the team and you have the person who is in the call critique themselves. So rather than have everybody jump on them because no one likes that, it's horrible, you just have them say, what are all the things you could have done differently? And then the team says all the things they did well. Because remember, there's always something someone did well. You play the tape, they say all the things they would have done differently,
Starting point is 04:04:36 and most people do know when they watch it, which is one of the best ways to learn. And then Everyone else says, hey, I think you did a great job here. I think you did a great job here. Bravo, next one up. The third thing is this is why the sales director was so key and why they were the first hire, which is doing one-on-ones. And one-on-ones, you role play,
Starting point is 04:04:51 like you roll play till you're sick in the face. You have to learn how to train people how to speak. Like that's what the job of the sales manager is besides managing the culture of the team. Is if John's rapport building sucks, guess what sales manager does every time they have one-on with John. They practice rapport building, all right?
Starting point is 04:05:06 Which means you follow the script. No, say it again. Well, say it again. Try like this. Huh? Like, there you go. Change your tongue. There it is. Like, we're talking 10, 20, 30 reps on one or two phrases in the script, so they get it down. If your salesman is not talking back to you in the script on your one-on-ones, you were literally wasting time. The fourth thing was just end-of-day reports, which is you just want to make sure that they know you're tracking what matters. And if there's no tracking throughout the week, no one feels held accountable.
Starting point is 04:05:34 It also doesn't give you the opportunity to praise and give out-of-boys. All right. And so every day, the stats are being tracked in real time. and daily leaders, daily winners. All right, so those are the four things we did from here to drive our show rate to 87%. That's a 40% increase. So if we did nothing else, but we just had this one improvement in this process
Starting point is 04:05:57 and everything else stayed the same, we would have increased sales by 40%, not too shabby. If you're falling at home, which you should be, we should at this point have a ton more volume that is coming to these closers. Massive movements, because remember, these are customers. This is why we felt
Starting point is 04:06:12 like we could do a lot better. Now hitting the close call. So in order to improve this number to the best degree possible, because we're never, we're gonna have more disqualified people here. Remember, we told the setters, said anybody you can
Starting point is 04:06:23 because we wanted to get more at bats, okay? So one, we also added in a VSA, so video sales letter between call one and call two. So people got to have some social proof, they got to see some results, they got to have a better understanding because in my personal opinion, I don't like salespeople repeating a pitch.
Starting point is 04:06:38 I'd rather have someone understand the benefits and they have salesmen resolve concerns. personalized solutions to customers rather than have them say the same 15-minute pitch because then it sounds robotic and they zone out and so does the prospect so I like to say here's all the info watch that and then we'll talk about it okay so number one is we added that piece in number two we role played a lot on the common objections and we like to do that before the call the video sales letter covered some of these common concerns in the video so that the sales guys had a little bit more of an advantage going to the call and then also in the screen
Starting point is 04:07:12 we front-loaded the obstacles. Before you mentioned the price, you overcome obstacles. After it's objections. Alright, so if I say, hey, do you think your husband supports you in doing this new thing before I say the price, then I've overcome an obstacle. If I say the price and I didn't overcome it, it becomes an objection which is way harder to close.
Starting point is 04:07:30 We call it killing zombies, right? You want to kill the zombies, you want to defuse the bombs, before you talk about money. And so we front-loaded the script to accommodate those issues that people were losing in the sales. sales and we focus a script far more on what they were going to experience afterwards rather than the features within the service because at the end of the day they don't care about the features at service they care about where they're
Starting point is 04:07:52 going to go what life's going to be like afterwards to sell the vacation out the plane flight so we made those changes and we got the close rate if you're like wait 42 is lower than 80 sure as hell is great math if we're doing the percentages here and we have a 21% increase here and a 77% increase here and we have a 40% increase here. So that's 1.2 plus 1.77 plus 1.4. We have far more than a double in terms of how much volume was going there. In fact, we had three and a half times more volume, but we cut the close rate in half. But three and a half times 0.5 is more than one, meaning we increased the total throughput of this system. And so the end result of this entire process is we went from closing
Starting point is 04:08:43 20% of that 100 people that buy the product to 32. For a net savings of going from 20% of revenue to 9%. So we paid less than half to get 60% more sales. And as you recall, all additional sales dropped to the bottom line because we'd already acquired the customers. So now that we had her in-house director, we rebuilt the incentive and comp plant and we rebuilt the sales process. Now we wanted to scale.
Starting point is 04:09:11 So we had to go from zero to 40 reps, and we had to do it in record time. All right, so number one is that to go get all those people, we went everywhere. All right, so we actually did all the things that outlined, but we also hired five to six recruiters right off the bat. We did a ton of app on ourselves. We hit our whole email list up. We did everything because we had to hire 40 guys. We had to do it in 12 weeks. So number one is we did everywhere.
Starting point is 04:09:36 So plus ads, I'll actually do ads as more. content and outbound. All right. So recruiters, content and outbound is what we did to get all the people in the door. Now, once we had people in the door, we didn't have the sales director interview all these candidates because he just wouldn't literally have the time. He did a final checkoff once the team planned on hiring them. And so we had the manager for the setters do several of the talks with the leads. And we also had the recruiters do a lot of the screening as well so that the sales director could save his time and still keep managing the actual team and training that people were on the floor making money for the
Starting point is 04:10:13 company all right so saved directors time the next thing is okay great so we got a lot of people we got them hired but how do we make sure that they're actually good so we automated the sales training to the greatest degree possible now what does that really mean means we made a course that was an internal course on how to sell this thing and so the nice thing with internal courses if you don't have them highly recommend it because the most expensive thing a business can do is train salespeople. Reason why is because when you take a salesperson and you train them on live prospects, all of the money they don't close is money you lose and you lose all,
Starting point is 04:10:54 like you lose the money that you could have made and you lose the money that you spent to get them there. Very expensive. All right, especially when and this happens a lot too, you do all of that only to have them get fired or leave or burnout or whatever. All right. And so we want them to take as many reps as humanly possible in a fashion where there's no risks to the company, which is why we have them watch tons of game tape footage. They attend all the meetings. They listen to tons of live calls. They go through the course and then they roll play. There's one takeaway for this fucking video. It's that you roll play with your team and that you get really, really narrow on the things that you want them to improve and you keep nailing that thing until it's perfect and they move to the next thing.
Starting point is 04:11:32 There's no point in trying to tell someone to improve six things. It doesn't work. I promise you, it doesn't work. I spent too long doing this. Doesn't work. You say, Let's work on the first ends of the fucking script. Keep doing it again. Try it again. Try it again. Try it again. One more time.
Starting point is 04:11:45 Say it lighter. Say it faster. Loop to this one. Got it. Second question. That's how you work through a script until they will be able to breathe it in their sleep. Then they can actually be present for the sales call because they don't have to think about the scripting because they already know it. So we recruited the people.
Starting point is 04:11:59 We saved the director's time. We automated the internal onboarding. I'm going to give you a pro tip from me, which is that if someone seems like a dead within 14 days, let them go. Some people think I'm heartless. How could I be so heartless? Because I have other families I have to look out for too. And if we don't keep the sales team profitable, the whole business doesn't work.
Starting point is 04:12:19 We give people a shot, we get them to all this stuff. We give them a ton of free training. All right, they actually take them to get paid to get trained. And if they don't, if they're not up to chops, we gotta let them go. But we set that expectation up front. And one more thing, and this is a little pro tip for me, I don't know how to spell that, but no pre-Madonnas.
Starting point is 04:12:36 All right, so no special snowflakes. Because the thing is, is even if you have one killer on the team and they don't follow the process, they undermine the entirety of the process and they also kill the culture. And so if one guy does double the sales of everybody else or triple the sales of everyone else, I can almost guarantee nine times out of 10 in my experience,
Starting point is 04:12:55 they actually take those sales out of the organization overall. So one guy does triple and everyone's like, oh, we should be like him. But if you have like a 20 person team and everyone goes down by 10% because of this guy, because the cancer spreads, not worth it. Just cut it out. keep the system. And now that we had the in-house director, we rebuilt the incentive in-com plan,
Starting point is 04:13:13 we rebuilt the sales process, we scaled the sales team, and we stabilized it so that we were consistently beating the other team and doing it for less, then we're able to move on to step five, which is get rid of outsourced team. So with the outhouse team, we did $7 million in cash collected in Q1. The commission on that was one point. $4 million. Remember 20%. So the company got to profit 5.6, I'm saying profit loosely. 5.6 the company got to keep after paying the sales out source sales team. This 7% with the in-house sales team became $12 million the next quarter. The commission, because instead of 20%, we went to 9%. So the commission went from $1.4 million on seven,
Starting point is 04:14:10 to 1.08 million for 12. Net change here was 12 minus 1, 10.92 million, which created the difference between these two was $5.4 million. And that was just in that quarter, times four for the year, and you get 21.6 million. This is one of my favorite sales presentations I've ever given and it covers three things. One, how to ask the right questions, two, how to ask them the right way,
Starting point is 04:14:49 and three, how to duplicate those words and that tone across a team of people. If you're building your first sales script, if you're scaling a sales team and you want to make sure that you can onboard new people and get them selling at the same percentage or better than you are right now, which for many people is biggest bottleneck, especially when you're coming for your first million or first three million per year, scaling the sales team is one of the most difficult tasks. And so I've broken this down into three frameworks that I've used very successfully to scale lots of different sales teams. I say that the company I'm referencing in this video has 14. That one company already now has almost 30 sales guys. So this process continued to work past when I made this presentation. So if you're trying to
Starting point is 04:15:25 scale sales, you want to close a higher percentage. You want to get more guys closing at that same percentage or better than yours. And if you don't know who I am, my name is Oxromise, I'm at an acquisition.com. We're at a portfolio at this moment of six companies to do $85 million a year. Keep being awesome. Love you and enjoy the video. What I'm going to be breaking down today is the scripting process that we've applied for calls, right? And so as the World's Worst War's Marketer, I sent my first email this year. I was very excited about it. We've been in business for 10 years.
Starting point is 04:15:51 Pretty big stuff. And it was because I couldn't get webinars. I couldn't get VSals. I couldn't get all the fancy stuff that you guys get to work. And so I went back in time and just was like, if I can just get them to give my phone number, I'll be able to get them to, you know, like, buy shit from me. And so I went and called back all these webinar leads that never showed up or never bought. or whatever, and ended up doing like 100,000 in sales in a day.
Starting point is 04:16:11 And I was like, wow, this is so much easier. And so over time, I've consulted with sales teams. I've trained and owned four high ticket performance teams. I think we have 12 or 14 sales guys now. It kind of rotates. And so what I want to do is kind of show you what we've done to consistently replicate the skill of sales another human being. Would that be cool?
Starting point is 04:16:33 All right. So if I can add like 10% to your conversion rate in terms of how you attract better closers, how you script the process out, and how you should close more deals and scale them to incentivize them. Would that be valuable for you guys? All right, sweet. So these are the three frameworks that transform losing funnels in a cash machines. That was my real life. That was the picture of my actual first funnel.
Starting point is 04:16:51 And that's what it became. And so these are the frameworks. Number one, closer framework. How to ask questions that prospects to say yes. Adding this to a funnel instantly can make it profitable. This is my personal experience. Number two is a conviction framework. All right, how anyone who believes can outperform a season sale.
Starting point is 04:17:08 RELER up by simply learn and control their tone. Really important. This is one of the biggest things that most sales people miss. Number three, the scaling framework. How to easily duplicate this process across salespeople in any niche in seven days or less. So seven days from now, if we can do this, would that be cool? All right, let's rock. So, number one, the closer framework.
Starting point is 04:17:26 After going through hundreds of scripts, I've bought grants stuff about the Wolf of Wall Street stuff, I bought all that stuff and going through my own sales processes. I learned that the scripting process even was simpler, I think, than its performance. than it's portrayed. And it's not that it's something to be sold against, but every sales script that has been absolutely gangbusters has been a question-based framework that is based on this process. And this works for B-to-C sales.
Starting point is 04:17:49 It works for B-to-B sales. It works for $500 tickets. It works for $100,000 tickets. The process is the same. And so this is the acronym, Closer Framework. As I said, world's dumbest marketers, so I made it nice and easy to remember. All right.
Starting point is 04:18:02 So C, clarify why they are there. When I look at creating a script, the first thing we ask is like, why the hell are you here? What made you reach out to us today? What was the thing? What is the goal you're trying to accomplish, right? Two, label them with a problem. We can't cure cancer unless they admit that they have it. Right.
Starting point is 04:18:18 Has anyone had that situation? Like, I just want to find out more information. You ever had that? Right. What's like, well, I'm assuming you're not hopping on sales calls. All they just trying to find information. Is there a problem you're trying to solve? Oh, you're fat.
Starting point is 04:18:29 Got it. All right. Boom. So that's a problem we can solve it. After that, I'm assuming I'm not the first. first guy you've ever dated, right? So is there anything else that you've had happened in the past that got you here that didn't work? I'd love to know more about it. S, once we've gone through the pain, we saw on the vacation, right? There's a process that I'll walk through. E, we explain away their concerns
Starting point is 04:18:46 because obviously saying people don't make decisions on the first call, unless you're a closer, in which case they do, which I'll talk about. And then finally, and this is something that we actually added in. My original flame work for my first couple of years was closed, and then we added the are because when you do this it actually transitions into the onboarding process that will get higher LTV per customer lower turn lower refunds or chargebacks which are sales guys and you will be happy about cool all right let's rock so we'll examine each one more closely clarify why they are there these are the questions that sounds like what made you come in today what made you reach out what's your goal right now why is that important you why that number specifically what does that what does it resonate
Starting point is 04:19:24 for you right why is that real L the questions that we're looking is like okay so what I'm hearing is X, Y, Z usual goals. That's not about right? Really simple, but very important. A milestone that has to be hit in the process. All right. Then we overview. This is where we're gathering all the insult.
Starting point is 04:19:40 And for some of you guys, my goal is that you can take this to your sales team, your sales director and run your script through this framework and then see where you can plug in. You probably have some of it. But if you're missing one or two of these questions on the milestones, you're losing conversions on the call. Like you're closing people who already had those obstacles covered, but everyone who didn't have two of these questions.
Starting point is 04:19:59 covered, you lose them. And you don't know why. You watch the sales going, you're like, what the hell happened here? Right? So, what have you tried so far to accomplish that? How, this is what we call the pain cycle? It's a four-step process. What have you tried so far to accomplish this? How long did you do that for? How did that work for you? What else have you tried? Right? So we just do that cycle until they're like, well, yeah, that's it. Now that you think about it, I've tried everything under the sun. I'm like, I can't imagine what that's felt like. Wow. Right? It's not your fault. You're so close. You're so close. You're six inches away, right?
Starting point is 04:20:31 And I think you should have this one thing, which amounts to show you in a second, we could be able to help you. Want to hear about the program? Fantastic, that's when we transition to the sale, right? So sell them a vacation. The number one thing that people mess up, our sales pitch on the call is under three minutes.
Starting point is 04:20:46 Three minutes, 180 seconds. When we talked about, I think someone was asking about, what are the bullets on the page? We don't say anything about that. Because what we're trying to do is get them to understand what they're going to experience, not how they're going to experience it. Right. And so when we have a sales pitch, just about every time, we sell three things.
Starting point is 04:21:06 Right. And it doesn't matter what industry here. And I was training a mortgage leads team, and they were selling leads. Right. And it was like, uh, the leads are exclusive. They're timely and they're qualified. Right. And so we talked about, hey, you've had leads in the past. Ah, well, the Zillow leads, my real estate people, right? The Zillow leads are not, they are timely, but they're definitely not exclusive. These are people just window shopping. Right. Our leads are different. Three things you can always find. you're selling fitness. You're selling fitness, nutrition accountability. Right? And so what we do is when we say the three bullets, get them to understand, yes,
Starting point is 04:21:37 that takes five seconds. Cool. Fitness-wise, we get the commitment. This is what I need you to do. Fair enough? It's be like, I need you to work out three days a week. Can you do that? Awesome. If we see any hesitation, you have a 30-second story that's memorized. Most of this script, and this is what makes it scalable, is a question-based framework, which means if you get lost, you can find your way back again. If anybody here have scripts that are like paragraphs and stuff? Anyone? Okay. Like no one has a script that's paragraphs and pages. Please. We all know. But if you have those things, it'll totally mess it up because then the sales guy gets lost and then he's just freeballing. And he has no idea where he is. Hot dog in a hallway,
Starting point is 04:22:16 no idea what's going on, right? And so the point is here, a little visual, is that when we're telling the story, like with the fitness example, I would say, hey, when you failed in the past, like right now do you have a do you have a favorite tv show game of thrones that's awesome do you feel like like you got to get motivated watch game of thrones you're like oh man i've been wanting to watch it but i just can't get up the motivation to watch tv they're like well no i don't have that it's like right and so that's exactly how we're going to make your fitness program so if you look forward to you don't need the motivation the willpower because that's why you failed in the past they're like oh i didn't talk about the workouts the heart rate and the calories they're going to burn
Starting point is 04:22:55 and they're going to sweat because all that just sounds like work right but what they do get is exactly what they want which is wait so you're telling me that if i actually like something i'm not going to even have to try and it's going to feel like watching tv because i look forward to it it's exactly what i'm saying and if you can deliver you make tons of money and that's the point so each of those points your sales guys should know what that anecdotal story is right if i was selling accountability anyone who have kids? Anyone here tell their kids to brush their teeth? Anyone have their kids to brush their teeth say,
Starting point is 04:23:27 they don't want to brush their teeth? Anyone tell their kids, even though they don't want to brush their teeth, to brush their teeth anyways? And now you're an adult. Did your parents do that to you? Do you brush your teeth? That's an example of external accountability turning into an eternal habit.
Starting point is 04:23:41 It's exactly what the accountability we're going to do in this program industry. Does that make sense? Great. Done. Next bullet. That's how you transition in the pitch. Right?
Starting point is 04:23:49 So if you think about this process, Why are you here? I have cancer. I think we might be able to help you out, but I don't want to get into that because I don't know about you. Like, I don't know what your situation is. Tell me what you've done.
Starting point is 04:23:57 Ah, that sounds great. That makes sense. Okay, I think we might be able to help again. See you a little bit about that. All that is, I tell three stories that make complete sense to everything you just told me, and then we transition.
Starting point is 04:24:10 And so I pretty much just covered this. But we call it selling the vacation out to plane flight, right? And so we're not selling TSA. We're not selling your modules, your meal, your macros, your workouts, your workout, your sport team, your URL as you are whatever, right? We're selling Maui.
Starting point is 04:24:24 We're selling the final destination. And it doesn't matter what level of service you are selling. You're always selling the same thing. It's always Maui. It's just how do you want to get there? Do you want to swim to Maui? Right? Do you want to take a boat to Maui?
Starting point is 04:24:35 Do you want to take a normal flight? Or do you want to take a private jet to Maui? Right? It's your call. You're getting to Maui either way because we're a man of our word. I'm not going to sell you something that's not going to deliver. Right. But it's going to be a little different.
Starting point is 04:24:45 It's a little bit rocky, but we're going to get you there. All right. So everyone gets to Maui, the variables are the speed and the quality of the journey. All right, the likelihood of arrival is assumed. So since it's always the same thing, you probably have multiple levels of business, but it's always the same process, right? And so once we have that, they're like, got it. And then we just make the ask. From this point going forward, it's explaining where they're concerns like any human being would normally do.
Starting point is 04:25:09 I could drill price over comes with you, but I think it's more valuable to explain the thought process behind price, stall, and decision. maker objections. All right. So the first and obvious one is, I can't afford it. Anyone get this one? Right? A couple people? Two people have gotten this. You guys have the best leads. Give me your leads. And so the easy question that I used to explain to our sales team, because it's really about breaking their beliefs is if we were giving away Ferraris right now for five grand, do you think they'd find a way to get the money? Yes. So that simply they do not understand the value we're trying to provide. And if you can get your team to believe that, then they understand that it is always their fault if someone cannot afford the program. Does that make sense? Fantastic. Second,
Starting point is 04:25:56 decision maker close. One of the hardest things to overcome, right? I got to have my business partner. I got to have my husband, my spouse, my whatever, right? So we have a specific process that we go about this. And so what we do is in the very beginning, we just say, we circumvent, then we go over past agreements, and then we ask for forgiveness. All right, this is. This is, and so what we do is. And so what we do. is the best way that I've seen to overcome this. So the first thing we say is, well, what if they say no? One out of three times, they'll be like, I'd probably do it anyways. We're like, let's get started.
Starting point is 04:26:24 Boom, it's done. You'd be amazed how many times that actually works. It's hilarious. If they say, well, then I wouldn't do it. Then we divert, we say, well, what do you think their biggest objection would be about it? Because now they're just using a foil. Even the person's not there, and it's no idea what the program is because they're
Starting point is 04:26:38 not involved in the call, right? They're like, well, I think this. And at this point, we can attack the actual obstacle even though the decision maker isn't there. Now, if we still can't overcome it, then we go to past agreements. We say, well, does your business partner know that you guys are struggling on sales? Well, yeah. Does he approve of that?
Starting point is 04:26:54 Well, no. Then why would he be against something that he already doesn't approve of? That doesn't make any sense. Why would you be against a business partner solving a problem? Isn't that what you do? Well, it's great. You're being a great partner. Let's go.
Starting point is 04:27:04 Right? And so we try and rely on past agreements that are obvious and use those to project into the present. Right? And then finally, you know, sometimes it's better ask for forgiveness and permissible. mission, right? And so we'll tack that on to the end. You can put that at the end of any of the closes. And so when we're dealing with this, with price, it's value. With decision maker, we go on past agreements. And with stalls, we just teach people to make decisions. People just so afraid of making the wrong decision. They're petrified. And so what we do is we literally teach them
Starting point is 04:27:35 on the call, here's how you make a decision. These are the variables you should be considering, X, Y, and Z, right? Can the product meet your needs? Do you think that if you work with us, you have a greater or lower likelihood of losing weight. Greater, fantastic. I think we're halfway there. Do you want to work with us? Do you think it would be fun to hang out and see me every day? Because believe me, this dash, I had to work 12 months to get my wife to say yes to that.
Starting point is 04:27:58 So I understand if you're hesitant. Does that make sense? Would you be willing to do that? All right, let's rock. Right? And then, do you have access to funds or know someone who does? Right? It's not just about you. Because if it's something that's amazing, we can find other ways to finance this.
Starting point is 04:28:11 So do you have access or know someone who does? Yes. Well, then great. Let's get started. And if for some reason, we haven't closed them at this point, we say, how about this? Let's take a card down. We'll delay the payment to Friday. You go to your husband, you go to your business partner, right? You go to your husband, right? And he says, baby, I want you to live a shorter life. I want you to be a terrible example of our kids.
Starting point is 04:28:35 I want you to not have generational health in our family to be passed down. I want you to sit in that corner. I want you to pull those sweatpants up, take up a bag of Cheetos, rub your fingers on there, right? And just get comfortable with the fact that you're never going to look better than you are right now. It's like, if your husband says that to you, you call me back, and I will tear this contract up.
Starting point is 04:28:51 Fair enough? Right? And you close them. All right? So we explain away their concerns. And then finally, we get the yes. We reinforce the decision. This is stuff that we started doing, and it helped a lot.
Starting point is 04:29:02 So personalized video from the CEO, hey, welcome aboard. So happy to have you. Thank you for trusting us with your business. Hey, we're so happy to have you. Think you for trust me with your weight loss journey in our personalizes. We're going to do everything in our power
Starting point is 04:29:11 to absolutely amaze you. Right? Little things like that. Because the customer is usually deciding whether or not they like your business in the first 48 hours after the sale. I learned this later. So how you hand off from sale to customer experience and activation is where this all happens. Does that make sense? Is that cool? Was that nice?
Starting point is 04:29:29 A lot of framework to work through? Okay. So that's the disclosure framework. That is the first thing. That's what you can run your script through. All right. How to ask the questions to get the prospects to say yes. Check.
Starting point is 04:29:40 One down, two to go. You with me? You still good? All right, let's rock. So, conviction framework number two, how anyone who believes can outperforms and sales rep by simply learning to control their tongue. All right?
Starting point is 04:29:52 So, after I reworked all of our scripts using the closure framework, some of my guys were really successful, but other ones still blue. And I was like, well, this sucks, right? I was really excited. I had a little acronym and everything. I was like, that took me a long time to come with the acronym, right?
Starting point is 04:30:09 And I was like, what gives? And so I talked to some my friends, and they recommended this book, which was awesome. And the biggest takeaway from this book is the concept of tone. And this was something that really helped take us and give an extra edge for our sales training ourselves process and the coaching that we give people. And so in the book he talked about the hidden dialogue, which I just love. And I just never want to take credit for an idea because I got it from him. But there's two dialogues that are happening, right? Because the words are the logic, right?
Starting point is 04:30:40 what you're actually saying is talking to the logical brain. How you say it is talking to the emotional brain, right? That's the ones making a decision. That's the one running the shot. All right. And so how you say what you say is what you say. So here's an example. That's my wife.
Starting point is 04:30:57 She's going to be here with me soon, but if she were here, if she said, Alex, right? Or Alex, right? Or Alex. Very different meanings. Very different afternoon. for me in each of these scenarios, right? Based on how she said it, because there's so much communicated, and that's just one word. Imagine a 30-minute dialogue where each word can be chosen to have packed with the meaning that you need them to feel.
Starting point is 04:31:28 Does that make sense? Okay. So we need the words for the logical influence. We need the tone for the emotional influence. We need both. And so once you become a more seasoned, like sales prep, you can learn to control your tone on purpose, right? You can raise your voice at the end of the statement to make it into a question. It's a question.
Starting point is 04:31:47 This is John? Right? I didn't need to ask him. I'm saying, you know to answer that as a question. I didn't ask you that, but you know that based on the tone, right? Or I can lower my voice right now and ask you know what I'm saying? Extremely important. Right?
Starting point is 04:32:02 Tone matters. And so it takes time to develop this level of unconscious mastery. So there's two ways to develop this. and I believe that you can either trick yourself into it or you can train yourself into it. And since I don't have enough time in 30 minutes to train on the influence of tonalities, here's the trick. Is that all right?
Starting point is 04:32:20 Let's give you the hack. Conviction will correct your tone. If you believe in what you sell, you will say it the right way. And that's why some of you guys have a sales rep that comes on, crushes it, and then tanks, because they did believe, and then they saw your reviews,
Starting point is 04:32:36 where they got customer support feedback, or someone called them up after buying, buying it was like, fuck you, I can't believe you did that, and they're done. And then all their tones off because they feel like out of ethics, right? And so I'm lowering my tone right now, so you know that this is really important. Right. And so, I'll go upbeat, kiss the boo-boo, bring us back up. All right. And so real estate sales team consulting, this is a great story. So I was flown out, paid way more money than I should have been paid, to fly out and consult with the sales team. All right? They were selling mortgage leads, an example I was given earlier.
Starting point is 04:33:06 And they were really excited, and they wanted me to give this ABC Always Be Closing chat, like this huge pump-up chat. So I spent the first half of the day on the script. And the second half the day was supposed to be drilling the sales team, right? So I get on the sales team, they got a nine-person sales floor. And they were like, we're having some problems with this guy, John. I was like, all right, cool. So I was like, John, how good are the leads? He was like, well, you know, there's kind of, and I was like, I'm good, thank you.
Starting point is 04:33:35 And I was like, because if you fucking thought the leads were good, you would say, dude, they're unreal. I can't believe it. Right now, I'm getting my mom to pass her real estate certification so I can start sending her leads. I'm studying for mine. I'm a couple months behind. But I'm telling you, as soon as I fucking get this thing passed, I'm out of here. I'm going to start buying these leads myself because I'll make more than I make right now as a sales guy. That's what you'd say if you believed, right?
Starting point is 04:33:56 The way you say and what you'd say would be entirely different. And so one of the hacks on this, by the way, is anyone ever gotten hot or has a sales guy who got hot? starts just closing, closing, closing, close it, and closing. Anyone? That becomes a sales training for that person. Because the way they asked the question, at what point, how they closed, that's how it's perfect.
Starting point is 04:34:17 And so they should study the best game footage when they're on a streak. And that's when you can replicate it much more easily. Because it's like in the wild, you'll witness it, and that's when they're masters, right, in those moments. All right, and so these are the actions that we do. So I'm transitioning into tactics for you guys who have teams. All right.
Starting point is 04:34:32 Re-read the testimonials out loud daily in front of your sales team. If you got fresh ones, which you should, read them. Makes their day. Makes them feel like they're making impact, right? They're getting the shit kicked out of them every single day, getting hung up on, getting cussed at, getting told them to fuck off every day, right? And like, the best thing you can do is give them a couple coffee that says, hey, man, you're fucking doing good in the world, right?
Starting point is 04:34:52 So they need. So do it every day. Number two, fix everything you can about the product. This is obvious, but I want to say it directly. Like, don't blame the customer for a lack of success, because it doesn't help anyone. It doesn't help them, doesn't help us. If we can take ownership, then we can fix the product.
Starting point is 04:35:06 Three, never stop improving it, so you always know it's up to date. This is a good one for the sales team. If your sales dip, take your head of customer support, bring them to the sales meeting, and say, Erica, tell these guys what you do for our customers. And they're like, oh, well, the first day, what we do is you send in this text, and we send in this letter, and then we give them swag, and then we follow up with them,
Starting point is 04:35:25 and then we write a handwritten card, then we give them a back massage and a foot massage, and then we find a wife for them. It's unbelievable. You know what I mean? And then the sales guys are like, God, this is fucking awesome. I'm like, I know. Let's go sell it, right?
Starting point is 04:35:35 And so these are the actions that you can do on a daily basis to get your team to be excellent. All right. And so that's how you can hack conviction and get your team's tone unconsciously correct by just truly believing in the product. Is that cool? You think you'd sell more if you did that? Sweet.
Starting point is 04:35:51 Thank you. All right. Conviction framework number two, check. All right. Number three, scaling framework. How to easily duplicate this process across salespeople in any niche. In seven days or less, all right? So we've talked about closure framework,
Starting point is 04:36:03 we talked about conviction framework, and this is the, oops, I think I'm gonna skip one. Oh no, we're gonna back, great. So when I showed my sales team to this stuff, they didn't do it every time, all right? Because you're probably gonna come back from here, all gung-ho, you might show them this video, and they're like, yeah, and they go raw raw for two to three days,
Starting point is 04:36:17 and then it's like back to normal, right? No one wants that. So piece by piece we implemented processes to get the same outcome over and over and over again. Because of the 110 million dollars we've sold, which is crazy, it's been a lot of, It's been 100% over the phone. No one over the age of 20.
Starting point is 04:36:33 No, we got one guy who's 40. But besides him, everyone's younger than $27, $27,000. $27 years old. All right? Like these aren't like crazy, you know what I mean? Like crazy veterans, right? They just do this process over and we're going to get the right thing. As a total aside, find people and educate them about your prospect, not your product.
Starting point is 04:36:55 That's a big fuck up because they shouldn't even be talking that much about the product. They should be knowing everything. about the prospect. And so right now if your sales training is focused on your product, doing it wrong. These are the six Cs that I use to scale teams, from little guy to lots of guys. All right. So this still to, you know, we use this to build a 3,000 person affiliate base in our physical products company. It added 35 million in sales, which is cool, which is awesome. And so I will show you how this works. And so we've used these sales teams, and this is how we've kind of, these were all multi-figured teams, and I'll show you what we did. All right. So close your
Starting point is 04:37:29 sequence is the first C, which we went over earlier. The second C is consistent daily training and conviction, and I'll show you how to do each of these. Call recordings, you got to record them, communication cycles, cuts, and competition. Those are the six Cs. All right? So, number one, make sure you have a question-based framework that follows those steps in the script. It should just be questions. It's so much easier to just follow questions. Because if someone's out and, you know, out in left field, you know, wandering on like onto the highway, you're like, whoa, hey, come back over here. question in this process. So thank you so much for sharing that. That must have been so hard for you. So what do you think that brought you? You go right in the next question of sale. All right.
Starting point is 04:38:08 Number two, consistent daily training. This is the number one thing if you take one thing away from this besides conviction because that'll do more for yourselves than anything. This is the second biggest thing, all right? Is that daily training, our team trained 60 minutes a day, five days a week. We actually do twice a day stuff, but that's okay. Anyways, for right now, if you just do this, you'll already be way better than everyone else in your market. All right? So we do talking and listening because the salesperson needs to know how to speak the right tone you know to listen right is we drill both scales for talking we have them read the script out loud and the questions with the correct tonality for 25 minutes and if they fuck up they start again simple five minutes we drill
Starting point is 04:38:48 obstacle overcomes I need to think about it I'm not sure I don't have the money can't afford that right now I got to talk to my partner right I know it's going to work in my market or whatever your specific obstacles are because those when they're in the red zone, they shouldn't have to think about those. So the only two things that someone will ever truly memorize will be those 30-second anecdotal stories I mentioned earlier, and your obstacle overcomes. It makes it much easier to get new people on the team. Listening. So every day, we'll listen to a 30-minute recording, and we'll go with what went right in this call, what went wrong? What do you go do next time? Very simple, right? You play the call,
Starting point is 04:39:25 everyone watches, it's game tape review. We're like, man, you got kicked in the balls on this one. But you had great report in the first five minutes. Right? You're like, what went wrong? And that was about it. And what you could do next time? I'm going to transition from the report of the question asking without sounding like a douchebag. Fantastic.
Starting point is 04:39:43 All right? Next day. And you continue to improve. I know this sounds crazy simple, but it's so simple, no one will do it. So, number three, C's is call recordings. If you don't record your calls, one, you're not compliant. But two, like, how are you going to study game film? You know what I mean?
Starting point is 04:39:58 Everybody's got all their data, and you've got your mouse tracking on all the pages. I'm like, where's the mouse tracking on the calls, right? That's where you're going to train your team. This is like every NBA team. They play the game and they watch the game footage, right? Why are we not doing that with the sales team? And so you have to record it. If you use Zoom, Gong is absolutely the best, highly recommend it.
Starting point is 04:40:15 It's been awesome. We use this for two years. They'll tell you exactly how many minutes people are talking versus someone else. They'll tell you who's talking the most. How many questions were asked? The AI they have, it's unbelievable. It's expensive, but it's worth it. Four, com cycles and feedback.
Starting point is 04:40:28 I don't know if you guys have heard the story, but if I were trying to fix your golf swing, right? And I said, okay, so I take a swing, looking like I do, like an idiot, right? He's like, all right, man, well, first off, lose 40 pounds so you can rotate. All right, after you do that, change your wrist by two degrees, turn your other hand over, put your thumb underneath. I need you to take your first foot, put it forward, and then point it the other way, and then put this foot back and try again. I'm fucked. No chance of swinging, right?
Starting point is 04:40:57 But if he just said, hey, take another 20 Swins and just put one thumb under the other one. I'd have one thing to work on and I could probably get better. And so when you're training, and this is for the sales directors, if you're helping them out with that call, what went right, what went wrong? What am I going to do about it is the one thing. Does that make sense? And so in terms of the communication cycles, we do weekly with the team. We've got daily training.
Starting point is 04:41:23 We've got daily wrap-up at the end, which is really just a pump up and kiss them on the forehead. to make sure they feel okay, right? Because they do get punched in the face all day, so it's worth being like, hey, you see Derek's overcome this morning? It's fucking awesome. He killed it. Let's watch that as highlight footage. Like, watch him say he's going to have to talk to his wife.
Starting point is 04:41:38 Boom! Overcome, right? And then they're like, dude, you killed it. And then it just makes them feel like they're part of the team, right? And so that's where we do the feedback and the communication cycles. And then we do once a week, if they're new, we'll do one-on-ones. If they're a little bit older, we'll do once every other week. Does that make sense?
Starting point is 04:41:52 Can you use this right now what I'm giving you for your sales teams? Okay, sweet. Number five, cut the fat, cut it fast. Randy probably knows this better than anyone. When you hire salespeople, at least in my experience, it's sink or swim. Like if guys can't close in the first week to two weeks unless it's some sort of crazy complex thing,
Starting point is 04:42:15 they ain't closing, right? And then I've got somebody who now came in neutral. Now they feel like they suck, right? They're actually worse than someone who's new. Because now I've got to overcome all your beliefs and then bring you back up. And so in my experience, it's been much easier to take a six and get them to a nine than try and take a two and get them to a five. It's more work and it's not good for me or him, right?
Starting point is 04:42:36 Does that make sense? So in most cases, does anyone have a salesperson that you've been waiting for them to turn the corner for the last like six months? They're not going to turn the corner. Unless they have like a come to Jesus moment, which does happen, but it doesn't need to happen on my team. You can do that and come back, right? All right. Number six, competition and career path. All right. It's a big one. So salespeople are competitive, right, as they should be. They are hunters, and they should go hunt. And so having competition on regular races, what we have found is that six-week cycles tends to work best. It is long enough that they believe they're going to accomplish something, but short enough that believe it's going to happen soon. And so we run our competitions on six-week cycles. For us, I think what you said, whatever Ryan said about the percentages, 10 to 15% actually works pretty well as like a group goal. When we have those as like top salesperson, we did like weekend to Vegas. So we'll,
Starting point is 04:43:25 split all the guys that we have like four teams of four you know I mean and they're all compete so it's like you get the competitiveness but you still get the camaraderie because if it's just one you know one versus everyone sometimes I can get a little bit too you know teethy and so having like little mini teams helps too because then you can you can kind of like make it an adjusted draft you put the best guy with the worst guy and then he helps him out and he speeds him up does that make sense and then career path this is one that I probably learned later but it's really good is that you can have minor minor road a mile
Starting point is 04:43:55 like 50 deals closed, 100 deals closed, 150 deals closed, right? And they just get a little, you know, they go from 500 a deal to 525 a deal, right? They go from 525 a deal to 550 a deal. Just the fact that there's this roadmap of where they're going and there's actual progress because sales is one of the most repetitive positions in the world, just the fact that they're doing this and something is changing on the outside, I think just helps relieve anxiety and help the guys focus. So that is one of the things that I would recommend doing with the,
Starting point is 04:44:25 the career path and then obviously if you have roles like depending how big your team is manager etc and you can move up something that I don't have on here that I will add is that this seems to be common practice but remember dumbest marketer on earth outbound and inbound keep them separated and we also have setters and closers for both of those teams so outbound sets are different than inbound sets which go to different enclosers on either side right because the prospects are a little bit different right and so if you if you have lots of different types of leads you going to the same person, you're probably losing a lot of efficiency. If you don't have that much lead flow, that's under the issue.
Starting point is 04:45:00 But as soon as you can, separating them out will get you a lot higher conversion rates. All right. So I'll recap this, the 60s for scaling our closure sequence, make sure that's in a question-based framework, daily trainings and convictions. So you're reading the testimonies every day. You're training them every morning on talking, listening to most valuable skills that a salesman can have. Call recordings to make sure that they're actually doing. You have game tape footage to actually look at.
Starting point is 04:45:20 Communication cycles to actually improve on their skills based on the game footage that we just had. you cut the bottom people who are just dragging the team down that probably just don't have the makeup for this and then you keep it competitive and you give them a career path so they have something to look forward to in the future. All right. And so now you can understand
Starting point is 04:45:35 how anyone can sell expensive fluff paper pro even if you don't think you're any good, which is completely normal. Yeah, that sells.

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