Why a $17M Agency Can't Scale Founder-Led Sales — Transcript
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- 0:00I sell um services to real estate
- 0:02agents. We help them uh scale, be more
- 0:03profitable. We're similar to an
- 0:04acquisition.com, but specifically in the
- 0:07world of real estate. Um we'll do about
- 0:1017 18 million this year in revenue. Uh
- 0:12we'd like to be at 100 million in
- 0:14revenue. And what's stopping me is I am
- 0:18I along with my COO are the best closers
- 0:21for external growth right now, bringing
- 0:22more clients into the organization.
- 0:25>> Um the leads are not the issue. It's
- 0:27it's really a it seems like regardless
- 0:30of what I do and how far I try to get
- 0:32out of the process,
- 0:34the people teeing up the appointments
- 0:37still want me to come in and close.
- 0:39>> Yeah.
- 0:40>> So, I looked at my week last week. I had
- 0:43about 20 hours of the week in closing
- 0:45meetings.
- 0:46>> Yeah.
- 0:47>> And it's, you know, me and my COO can
- 0:50probably between the two of us bring in
- 0:52about five million a year in external
- 0:54revenue. Um, so
- 0:57That's the issue. What I've gotten from
- 0:59this yesterday and today is that I need
- 1:01to find more of me and the whole thing
- 1:04works really well. Um but just trying to
- 1:06find more of me.
- 1:07>> I think um well, how can I help?
- 1:11Um I mean I can I can answer what I
- 1:13think the question you didn't ask is.
- 1:14>> Yeah.
- 1:15>> Um so the question I think you didn't
- 1:16ask is like how do I go about
- 1:18systematizing the sales process so that
- 1:19somebody can come in and have increased
- 1:21likelihood of success?
- 1:22>> Yeah.
- 1:22>> Cool. Um,
- 1:25so right now I'd say like a big shift in
- 1:28identity that you will have to have with
- 1:29your COO is going from sales god to
- 1:32sales training god. Um, and having
- 1:34basically seeing every time you close a
- 1:36sales a failure rather than success. Um,
- 1:39as thing one. Thing two, I would
- 1:41consider not paying commissions on sales
- 1:42that you help close. Um, so that'll
- 1:45probably get them to real quick stop
- 1:46asking you to close. Um, the next issue
- 1:49is that right now, um, you say things,
- 1:54so I I'll say it differently. I will bet
- 1:57because I've only done this a lot of
- 1:58times when it comes to sales. I will bet
- 2:00that you have what I call a
- 2:02founderdriven sales process. Meaning,
- 2:05the way that you script
- 2:08uh, and the way the sale works is
- 2:10probably more consultative in nature,
- 2:12which relies on heavy industry knowledge
- 2:15and expertise. which is typically not a
- 2:19scalable sales process. You can do it.
- 2:21It just requires a shitload more work
- 2:23and is not my preference. So, if I come
- 2:26in and I talk to a business owner, it's
- 2:28very likely that I can sell them on
- 2:30doing stuff with us. If I have a
- 2:3222year-old who's going to talk to a $18
- 2:36million per year business owner, he
- 2:38cannot rely on using the same process
- 2:40that I do because it's based on
- 2:41authority.
- 2:43A sales process that scales is based on
- 2:46the prospect not the salesman.
- 2:50And so fundamentally um all the
- 2:53knowledge has to be about
- 2:56the questions that have to get asked in
- 2:58the correct order to have them like the
- 3:01salesman should not provide any answers.
- 3:06That's not what they're there for.
- 3:07They're there to ask questions to lead
- 3:09the prospect to make their own decision
- 3:11that this makes sense. And so if they
- 3:13have to demonstrate expertise,
- 3:16you will not find those people or it
- 3:18will be way too expensive to find those
- 3:19people. So we just have to have a good
- 3:22intro frame. The discovery process is
- 3:25where they just have to say their their
- 3:26pain points and we have to match those
- 3:28to the solutions that we have. And then
- 3:30when we get to our pitch moment, we're
- 3:31going to say here's how we solve those
- 3:33problems. Thing one, thing two, thing
- 3:35three. And then we match that problem
- 3:36you said earlier to the solution set
- 3:38which we set the stage before we
- 3:40transition to the pitch. And so if we
- 3:42follow that process, if the scripting is
- 3:45correct, the salesman should close the
- 3:48closable accounts. And so fundamentally,
- 3:51like for us, the way that we do things,
- 3:53um, and I think that like 90, honestly,
- 3:56like 97% of businesses do not know how
- 3:59to train sales. What they do is they
- 4:01just have they hire a bunch of sales
- 4:03guys and just see who sticks and that's
- 4:06the process. If you really know how to
- 4:08train sales, you can take anyone. And if
- 4:11you know the script is successful, then
- 4:12it's really a reinforcement loop of
- 4:14getting someone to say the right thing
- 4:16at the right time, which is 100%
- 4:17trainable. It's just that most people
- 4:19don't train nearly enough. And so right
- 4:21now, I would imagine that your training
- 4:22cadence is Do you guys train daily?
- 4:25>> It's so that's the issue. We're very
- 4:27good at training realtors. I'm very bad
- 4:29at training people on growth.
- 4:30>> So like the the simple answer is that it
- 4:33requires a shitload more work. Number
- 4:34one. Number two is the scripting is
- 4:36probably wrong the way it currently
- 4:38stands. It's probably too long. I'd bet
- 4:39you. Um, so if we were to look through
- 4:42the script, I would bet you that we'd
- 4:43cut half or more of the script out
- 4:45because we need to give someone just the
- 4:47absolute minimum amount of information
- 4:48in order to make a purchasing decision.
- 4:50That is the only objective. And then
- 4:51fundamentally after that, it's answering
- 4:53the questions related to the sale, not
- 4:56related to the product. And so what I
- 4:59mean by that is like if you say if you
- 5:01were on the phone for today, some of you
- 5:02guys probably asked this on the phone
- 5:04like, "So what is Alex or what is
- 5:06acquisition.com specifically going to
- 5:07help me with in my business?" The guys
- 5:10are not going to say, "Oh, what they're
- 5:12going to do is we're going to, you know,
- 5:13we're going to figure out your paid ad
- 5:14strategy for uh for health for your meta
- 5:17ads webinar uh and this is the hooks and
- 5:19angles that we're going to run." Because
- 5:20that wouldn't be reasonable for them to
- 5:21know. What they would say is, "Hey,
- 5:24right now you're talking to the
- 5:25secretary and you have a hearting
- 5:27question." And so I just want to make
- 5:28sure that you have a heart that needs a
- 5:30surgery. That's my only job right now.
- 5:32And so you're saying that you have these
- 5:34pains, we solve that stuff. And the
- 5:36people who can help you solve it,
- 5:37they're really good.
- 5:40Do you want to do it or not? That's f
- 5:42like that's what we all the rest of this
- 5:44is the consultative closing. You're
- 5:46coming in with authority and you're
- 5:47undermining the sales guys because the
- 5:48process doesn't make it makes you the
- 5:50hero rather than the prospect the hero.
- 5:52>> Got it.
- 5:54>> That's the issue.
- 5:54>> Cool. All right.
- 5:56>> Easy peasy.
- 5:56>> Thank you.
- 5:57>> Yeah. Okay, you bet.
- 5:58>> If you are the best salesperson in your
- 6:00company, then your company will be
- 6:03always capped by you. And this is what
- 6:05the 2-day workshop is for. Now, I want
- 6:06to be clear before I get into what it
- 6:08is. This is for million-dollar plus
- 6:10businesses that are trying to scale
- 6:12their sales team where you are still
- 6:14probably vast majority of the match.
- 6:15Either you're literally taking calls or
- 6:17you are a big percentage of the revenue
- 6:18or you have to be constantly on the
- 6:20sales team in order to get this to work.
- 6:22If you're in any of those settings, then
- 6:24this is absolutely for you. And so if
- 6:25you are tired of your sales relying on
- 6:27you and want a sales system that skills
- 6:30beyond you, then apply. That's the deal.
- 6:32And so if it is a fit, we look forward
- 6:33to seeing you out here. And it's a great
- 6:34time. We're talking about sales. Like,
- 6:36how could you have a better time? Don't
- 6:37take my word for it. Here's what other
- 6:38people are saying of our workshops.
- 6:39They're primo. And uh yeah, can't wait
- 6:42to see you out here.
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