Professional Documents
Culture Documents
October 16th
From the desk of Ryan Holmer
Halifax, Nova Scotia
Beyond that -- and not that you care -- I recently found a new
place, and will be moving to Calgary, Alberta November 2nd. In
my prior letters, I spoke about the importance of optimizing
one's environment. Halifax just wasn’t cutting it for me. The
weather is crappy, it’s a student town and in general, it’s not
an ideal place to run a business. In Calgary, I’m close to the
mountains, fresh air, and living in a province that is flush
with money, and business opportunities.
1. Sales
2. Business models & offers
3. Our funnel strategy
No harm, no foul.
Ryan
MODELS & OFFERS
For those of you who don’t know, DFY work means that you’re
actually providing a turnkey service for someone. You’re,
well...doing the work for them. Done with you, means that you’re
not doing it for them, rather you’re doing it with them --
thinking of it like coaching.
Now, for the longest time we ran a DFY agency, and were happy.
Money was coming in, business was growing, but we hit a key
important bottlenecks. Our revenue per hour was decreasing,
because as you scale a DFY agency, you need to hire a
proportionate amount of staff in the form of contractors.
One of the things our new mentors have really stressed in us,
was the necessity of improving our business model. From 0$ to
$100,000/month, one of the most important and deciding factors
determining whether or not you’re going to scale, is your
business model. How scalable is it?
1. More clients
2. Scalable
3. More money
4. Less staff & overhead
5. Better margins
The downsides?
Now, here’s what I’ll say about the downside -- and it’s
something our mentors have harped on. Instinctively, you’d think
that building a DWY offer would lead to worse client results,
because they’re doing it themselves, instead of you, the expert.
One of the problems with DFY, is that if you die -- god forbid
-- your clients are left with nothing. They have this system
which they don’t know how to operate, they have no long-lasting
skills which they can use for the rest of their life/career.
I’m of the thought that we should teach a man how to fish, not
give him a fish.
Anyways…
I think the ideal length for any sort of program, based on what
I’ve seen is 12-weeks. Any longer and your revenue per hour sort
of goes down, and any shorter, your clients might not extract
the right amount of value.
Our ideal done for you client was someone banking $50K/month,
around the ages of 50+. Someone who is 55 years old, banking
$50K/month is not going to want to do shit on his own, he’s
going to want a turnkey system.
Just know that it’s never too late to make the transition. It
really depends on what workload you’re comfortable with. Some
people are fine managing a 30-client DFY agency, others are
tired of it at 2 clients. So whatever you’re comfortable with,
just do that.
Yikes.
We went out and sold someone into our program, before having it
built. Then we built it as a beta.
Make sense?
Great.
Any specific questions about this, reply to this email and I'll
get back to you. That’s part of the benefit of being subscribed
-- I’ll answer ANY and ALL questions about topics covered in
this newsletter.
SALES
Over the years, we’ve picked up tricks from various sources, and
have implanted them into our sales script to create a sort of
FrankenMonsterScript.
I can’t tell you how many calls I’ve listened to where I heard
the salesman ITCHING to respond with a preloaded response, ever
before the prospect was done speaking.
You want to pause in between their reply, and your answer (rule
#1), as to prevent yourself from doing this.
The worst thing you can do is ask “So tell me about X. Also,
what do you think about Y? And how about Z?”
Be concise.
The best salespeople I know are immune to falling into the trap
of having expectations. Similar to pickup, when you are
dependent on ann outcome, it not only ruins your chances of
closing the sale, but it also has a higher likelihood of putting
you into a rut.
When you try to push the sale, the sale gets further away. And
when your identity is based on whether or not you close a sale,
you’ll feel like shit when you don’t close deals.
In other words, you’ll close less deals and feel like shit
because of your dependence on an outcome. The problem with
outcome dependence, is that it forces you to not always do
what's in the prospects best interest.
You’re secondary.
When you write with a pen & paper, your responses will be
slower, as you’ll actively be writing down what the person is
saying.
If someone close to you tells you you’re fat, will you heed
their advice to lose weight? Probably not.
But if your fitness coach walks up to you and says “Listen Tim,
you’re 40 pounds overweight. You have GOT to lose that weight,
unless you want to die.”
Hell yeah.
7. Brevity is huge.
The prospect should be talking more than you, since YOU are the
one asking questions.
The more you talk, the higher the chances of you screwing
something up. I don’t say that to be rude, but it’s a fact.
8. Don’t focus on being smooth. Focus on being real.
But, don’t be worried about messing up. It’s 100% natural, and
will not be a detriment to your sales call.
I’ve heard horror stories from people who’ve been sold snake oil
by a salesman. Now, this salesmen may have been
well-intentioned, but they also could have been poorly trained
by their manager.
This means you need to go into any phone call, without any
preconceived beliefs, goals, or objectives (aka, as I said above
- outcome INdependence).
You could use all the tactics in the world to get someone’s
money from them, but if buying your solution, your product or
widget isn’t in their best interest, you’re doing something I’d
call morally reprehensible.
The Doctor will take a look at you. Ask you questions. Send you
for tests. Then, and only then will they come up with an
accurate diagnosis.
There are no tactics, or hacks that will have you closing 99% of
your deals.
But the right mindset will get you on the right path towards
closing more deals, and most importantly -- helping more people
achieve their desired transformation.
On the left, you have where they currently are, and on the right
you have where they want to be. In diagnosing what’s right and
best for a prospect, often it’ll be taking them from the left
(hell) to the right (heaven).
Whew. Engarin this section into your mind, because I don’t want
to keep beating a dead horse.
Sales Conclusion
That’s exactly why I’ve provided you with the same 8 rules we
give to our closers.
I don’t want to walk you over the exact funnel we’re using, but
I do want to talk about our thinking behind the campaign we’re
launching.
You see…
No opt ins.
More relevant content.
Webinars are still around, and they still work, but I sort of
feel like Facebook is heading further away from an environment
where Webinars are the ideal tool.
They’re long. You can’t control the process, and people don’t
have the time to sit through 1hr 45min long presentations.
People can hop on our landing page, look at the video, watch it,
spend 5-minutes on our site (high retention rate), and then
decide if they want to opt in for an advanced training.
It worked fantastic.
We were generating:
● $10 leads
● $100-$150 strategy calls
So we told ourselves…
“We’re never doing a webinar again!”
To give you an idea, here’s what our current funnel looks like
from a 30,000 foot view.
Or, you can take me on the offer I’m about to tell you about.
(There’s no sales pressure here, I’m just letting you know about
it. I’m only opening up 10 spots, and between my email list, and
here, the spots might be gone quickly).
Again, no harm. Like your father, I’ll love you all the same ;).
CONCLUSION
Fin.
The fifth issue has concluded, and my fingers are sore. I’m
still trying to figure out how to best structure these
newsletters in order for you to suck out the most value, so be
sure to shoot me a message if you like the format, or if you
absolutely hate it.
- Ryan Holmer