"Why Do We Stop Selling When Client Work Gets Busy?" — Transcript
Full transcript
- 0:00We build websites. So WordPress websites
- 0:02for enterprise client. So like
- 0:04>> enterprise. Okay.
- 0:05>> So we deal with digital media to start
- 0:07with but mostly marketing.
- 0:08>> How big is enterprise?
- 0:11>> Has to [clears throat] be
- 0:13like thousand employees. It's like has
- 0:15to be million page view per day or
- 0:18higher that kind of
- 0:19>> okay
- 0:19>> the traffic. So like it's like has to be
- 0:21custom build. Everything's custom build.
- 0:23There's a lot of integration. There's
- 0:24like some banking companies marketing
- 0:26like it's like
- 0:28>> super cool. How'd you get I mean, well,
- 0:29we don't have time for [laughter] that,
- 0:30but like very interesting. Okay, so
- 0:33you've got this I Yeah, I totally want
- 0:35to hear the story, but we will not. So,
- 0:37what's what do you want to do? Why like
- 0:39what what do we need to do to grow your
- 0:40company?
- 0:41>> So, last year new clients, I mean, but
- 0:44within clients, they will add projects
- 0:46and expand. They want more people there.
- 0:48So, like those we've been doing, but
- 0:50also we have two big whales. So, we have
- 0:52two
- 0:53>> big companies that are like 90% of our
- 0:55revenues. So like we wanted to not do
- 0:59that because we had that experience I
- 1:01think year two or three.
- 1:02>> Yeah. One leaves and you're like
- 1:04>> yeah we we had that happen cuz like one
- 1:05of our client got merged by new vision
- 1:07or some some other companies and then
- 1:09they kind of decided not to use us but
- 1:11we quickly got another whale which was
- 1:14good but we've been kind of having
- 1:15trying to
- 1:16>> What did you do when you had to quickly
- 1:17get another whale? Well, [sighs] we're
- 1:19very refor So yeah, we like we literally
- 1:22like sell sales sell sales and then like
- 1:24both of both of
- 1:25>> And then you're like, "Okay, now I've
- 1:26made enough money again. So now I don't
- 1:28need to do sales sales sales sales
- 1:29sales."
- 1:29>> Well, yeah. And also like we both of our
- 1:31own both owners are still very hands-on.
- 1:34So we do a lot of client work. So if the
- 1:36client
- 1:36>> When you say both owners, you mean you
- 1:37and
- 1:38>> and the 50% of
- 1:39>> Okay. You said both. Okay. Like the
- 1:41owner of acquisition.com agrees with me.
- 1:43Um yeah,
- 1:44>> so co-founders and then he and I we had
- 1:46a third partner but we have to buy him
- 1:48up and all those stories.
- 1:50>> Um after that so we when there's a
- 1:52client war that always takes president
- 1:54so like some of the things that we split
- 1:56it out so he's doing sales and um and
- 1:59financial and I take care of marketing
- 2:01and um HR and other operations are kind
- 2:04of shared including account management.
- 2:07So when there's a client work that gets
- 2:09busy like one of us gets busy so one
- 2:12department or whatever the operation
- 2:14kind of gets behind.
- 2:16>> So that always happens. It's been our
- 2:18struggle to then we try to hire some
- 2:20people but I didn't know too much about
- 2:22other departments. So like this hiring
- 2:24didn't really work out. I think I kind
- 2:26of mentioned that too. You need division
- 2:27of roles between you and the co-founder
- 2:30>> and then you need to not step over each
- 2:32other's
- 2:33>> like territory
- 2:34>> and no one owns new businesses which is
- 2:37why you don't have new business.
- 2:38>> That's actually my question cuz because
- 2:40his client got really busy so he's on
- 2:43sales. So I felt like sales I'm like I
- 2:46can help but normally [clears throat] we
- 2:48really separated out cuz we figured out
- 2:50that accountability actually work better
- 2:52if you split out the divisions. So it
- 2:56worked out good but last year for some
- 2:58well
- 2:58>> and by divisions you mean you have one
- 2:59client he has the other client.
- 3:01>> So oh no no no that so like ex sales is
- 3:06him. So like I wasn't really touching
- 3:07the sales part.
- 3:08>> And by sales you mean like internal
- 3:10sales like trying to upsell them and
- 3:12just get them to buy more from you.
- 3:15>> No outbound sales actually.
- 3:16>> Outbound sales but you're not getting
- 3:17any customers from that so far. Got it.
- 3:19>> Yeah. So outbound is not it's pretty
- 3:21dried up. So inbound like is that I
- 3:24don't know the the sales term to
- 3:25actually figure out
- 3:26>> inbound's like someone reaches out to
- 3:27you outbound you reach out to them
- 3:29first. That's all.
- 3:29>> Yeah. Yeah. So inbound has been fine but
- 3:31like outbound hasn't been so like we
- 3:32because we didn't want the two wells. We
- 3:34wanted to do more outbound sale but that
- 3:36hasn't been successful all last year.
- 3:39And we were hearing that cuz he's a part
- 3:41of like a mastermind for agencies that
- 3:43last year was pretty bad. I think that's
- 3:45kind of like a you know,
- 3:46excuse that there should be some way to
- 3:50figure out we can get new clients.
- 3:51>> There is a way to get new clients. I
- 3:53promise you.
- 3:54>> But I wanted to figure out like well, so
- 3:56I don't think it's all his fault, but
- 3:58like how can I convincingly put a
- 3:59measure that we can kind of like make
- 4:01sure this is done.
- 4:03So like and it's also we're both owners
- 4:06and like we have a we both are very
- 4:09responsible but at the same time do we
- 4:12need to have some sort of measure that
- 4:13we always kind of make sure that hey we
- 4:15still have to be this
- 4:16>> I mean this is how partnerships work.
- 4:18>> Yeah.
- 4:19>> And so that's also why division of roles
- 4:22is important. And so if you're like, I
- 4:25will take over 100% of delivery if you
- 4:27go get us customers
- 4:29>> and then if you don't get us customers,
- 4:31then one of us isn't necessary.
- 4:34>> And so I'm just being like really real.
- 4:35This is me just reading between the
- 4:36lines from what you're saying. Um,
- 4:41>> honestly, I just think like when you
- 4:42needed to go get a new client and go get
- 4:44a new whale, you got a new whale fairly
- 4:46quickly, it sounds like, which means
- 4:47that if you need to go get business, you
- 4:49know exactly what to do. Go get
- 4:50business.
- 4:51>> You just aren't doing that,
- 4:52>> right? Right? And so the question is
- 4:55why? And it means that one of you is
- 4:58satisfied with the amount of income and
- 4:59the amount of work that they have right
- 5:01now, which I say is fine if you both
- 5:03agree on that. But if one of you doesn't
- 5:05agree on that, then you have conflict.
- 5:06And so that conflict turns into direct
- 5:09conflict or it turns into one of you
- 5:11becoming resentful. And so I'd prefer it
- 5:13if you just if you or the other person,
- 5:15whoever, just says like we like the way
- 5:18that I'll explain something that might
- 5:20be helpful for everybody. It really
- 5:22helped me out a lot. So, you guys know
- 5:24the difference between an insult and a
- 5:25criticism
- 5:26helped me a ton. So, an insult is an
- 5:28attack on someone's character, right?
- 5:30You suck. You're an idiot. Whatever. A
- 5:33criticism is you said this,
- 5:36you did this. These are not the same,
- 5:39>> right?
- 5:39>> It's a discrepancy between stated and
- 5:41reality. It's all it is. So, you said
- 5:43you would hit this goal. This is
- 5:45reality. There's a difference. So, this
- 5:48is criticism. And here's some things we
- 5:50can do to make that up. Ideally, next
- 5:52time you say this and that's what
- 5:53happened. Awesome. Right? And so it's
- 5:56not a attack. It's a statement of fact.
- 5:59It's an observation of reality. And so
- 6:02being able to explain that be like you
- 6:04are responsible for sales. We have no
- 6:07sales. [snorts]
- 6:09This gap is the problem that we have
- 6:10right now. Now if we did not want to
- 6:12grow this company and we both were
- 6:14aligned with that, then we would have no
- 6:16problem. But I do want to grow this
- 6:18company. you are not currently doing the
- 6:19activities that would grow this company.
- 6:22So what do we do? Either you change what
- 6:25you do or I stop being here.
- 6:28Just being really real. So you presented
- 6:31with a sales problem, but I think you
- 6:33have a hard conversation with a
- 6:34co-founder to have. Being really honest,
- 6:36>> we had the conversation. So we actually
- 6:40having we did a new partnership.
- 6:42>> You have a what? Sorry.
- 6:43>> We we started a new partnership.
- 6:45>> You started a new partnership.
- 6:46>> No, no, no, no. partnership with a like
- 6:48a hosting provider company. So like
- 6:50they're actually bringing more leads
- 6:53>> to so we're we're development agencies.
- 6:55So like so like they're not like a
- 6:56competitors but we kind of went back to
- 6:58cuz we were used to work together.
- 7:00>> So that actually bring in some
- 7:01outbounds.
- 7:02>> So [clears throat] now we're getting
- 7:03that but
- 7:05>> his Yeah. So I'll probably have like
- 7:06another conversation.
- 7:07>> Yeah. Like you like go back to like have
- 7:09the conversation and then I promise you
- 7:11if you really really have it and the
- 7:12thing is don't pull the punches. If
- 7:14you're going to have the conversation be
- 7:15like this is what I want. you're not
- 7:17doing that. And that's my fault, too,
- 7:19because I probably haven't been clear
- 7:21about it.
- 7:21>> But let me be clear now.
- 7:23>> Yeah.
- 7:24>> Like, and if and if you don't want to do
- 7:26that, fine. Let's figure out a way that
- 7:28we can just work on separate things cuz
- 7:29I want to keep growing.
- 7:32>> Cool. I think you do that. The sales
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- 7:36wants to break through your current
- 7:37revenue ceiling, I distilled every
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- 7:51you're a business owner, appreciate you.
- 7:53And uh enjoy.
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