Welcome to Close it now, the podcast that's revolutionizing the H Vac and home improvement trades industries.
Speaker AGet ready to dive deep into the world of heating, ventilation and air conditioning.
Speaker AWe're turning up the heat on industry standards and cooling down misconceptions.
Speaker AAnd we're not just talking about fixing vents and adjusting thermostats.
Speaker AIt's about the transformative movement that's reshaping the very foundation of H Vac and home improvement.
Speaker AWe're the driving force, inspiring top performers who crave excellence not only in their professional endeavors, but also in fitness, nutrition, relationships and personal growth, proving that we can indeed have it all.
Speaker AThis is Close it now, where excellence meets excitement.
Speaker ALet's get to work now.
Speaker AYour host, Sam Wakefield.
Speaker BAll right, welcome back.
Speaker BI am excited to have this guest on today.
Speaker BYou are going to be seeing a lot from him and hearing a lot from him in the future.
Speaker BHe's just an awesome individual.
Speaker BHe's somebody that we met recently, a few months ago and we've done some recording together now I've got a couple episodes coming out.
Speaker BI been a guest on his podcast, which is CEO Sells Strategies.
Speaker BThat is the, the podcast he hosts.
Speaker BHe's also the founder and CEO of CEO Sell Strategies, which is his organization.
Speaker BHuge history.
Speaker BThis is Doug C. Brown.
Speaker BHe has been worked with so many organizations, you name it, everything from NASCAR to Jason's Deli to director of sales for Tony Robbins for quite a few years.
Speaker BSo just to name a few, literally hundreds and thousands of companies he's worked with at this point.
Speaker BAnd we're blessed and grateful to have him on the show today.
Speaker BWe're going to be diving into something that I know a lot of, you know, you need to do, but also you're resistant to do it because, hey, it's a new year and so why should we even do this?
Speaker BWe're going to talk about follow up today and so thank you for being on the show.
Speaker BDoug.
Speaker BIt's so great to have you back on Sam.
Speaker CThank you.
Speaker CI'm honored to be here.
Speaker CIt's nice to see you again.
Speaker CThanks for making me sound like I'm somewhat important on the, on the, on the intro.
Speaker CIt's nice to hear.
Speaker CAnd now I'll go back, you know, after this and I'll talk to my, my children and family who I'm just Dad.
Speaker CRight.
Speaker CThat type of thing.
Speaker BRight.
Speaker BI love it.
Speaker BSo, so let's talk about this a little bit.
Speaker BYou're, of course, with your, your history in sales and sales development and sales teams, you know, Follow up is always one of those, like, huge topics.
Speaker BAnd it's probably the biggest, highest value activity that any person in sales can do.
Speaker BIt's also one of the activities that is done the least in sales.
Speaker BSo let's talk a little bit about some of the mindset around it first.
Speaker BAnd why is that important and why is it not and just dive in a little bit.
Speaker CYeah.
Speaker CSo I love what you said.
Speaker CIt's one of the highest value, one of the things that's done the least.
Speaker CThe other thing is, is it's the lowest cost.
Speaker CLike it usually costs nothing.
Speaker CRight.
Speaker CTo do this.
Speaker BSo, yeah, we already paid for the leads.
Speaker BNow what are we doing with them?
Speaker BRight.
Speaker CYeah.
Speaker CAnd unfortunately, the majority of people out there, you know, they're, they're, they'll, they'll contact somebody, they'll have the first conversation potentially, and then they don't follow up.
Speaker COr they might follow up once.
Speaker CAnd you know, it takes more than one follow up to usually seal the.
Speaker CSeal the deal.
Speaker CRight.
Speaker CBut people forget.
Speaker CSo the mindset around follow up is one that people know they've got to do it.
Speaker CBut man, we just get so busy.
Speaker CRight?
Speaker CI mean, it's, it's one of those things.
Speaker CAnd there's no, there's not a system around it for most people.
Speaker CAnd so since there's not a system around it, what ends up happening is it just gets deprioritized, falls by the wayside.
Speaker CPeople don't mean to do that necessarily.
Speaker CIt's just that they're on to the next thing that's in front of them and then they forget about what they've already done because, you know, hey, I sold something today.
Speaker AYay.
Speaker CYou know, that type of thing.
Speaker CAnd it's like, well, that's great, but what about the other 30 people that you've talked to over the past, say, week or two weeks and they have never heard back from you and there are sales sitting there and you know, it's not always the person's fault.
Speaker CSometimes the company just doesn't have a focus on it.
Speaker CAnd they work for a company and you know, there's certainly no system around it for, for most people.
Speaker CAnd frankly, it's hard do so without a system or without the right technology in place.
Speaker CSo that's why a lot of people drop the ball.
Speaker BYeah, absolutely.
Speaker BThe other thing that I find is a lot of people, they would have the motivation and actually do it, but another thing that stops them is they just don't feel like they have the right verbiage to Use because we, we do such a good job creating a great posture throughout the process and during the sales appointment and keeping the right frame of the conversation.
Speaker BBut when it comes to follow up, they feel like they lose all their power and become, you know, begging and chasing and then that gets gross too.
Speaker BAnd so that's the other thing.
Speaker BLike, well, if we just don't, if we knew the words to use, maybe we would follow up more.
Speaker BAnd so, so talk about that a little bit too.
Speaker CWell, it's certainly, you know, having the right resonating message is always a, a good thing to have, right?
Speaker CSo, you know, you don't want to be like, hey, I'm, you know, I'm talking to you about, you know, sword lessons, fencing.
Speaker CAnd they're, they're like, but I wanted a picket fence, you know, I mean, that would be completely off.
Speaker CSo it has to be relevant, it has to be meaningful.
Speaker CAnd the thing is though, the reason people generally feel that way is not necessarily because they don't know how to.
Speaker CThat they're not going to follow up.
Speaker CIt's that they just don't really understand the right fit buyer or, or how they're, what they're talking about or what they should be talking about.
Speaker CBut I believe the bigger challenge for most people, based on what I know, Sam, is they're afraid of rejection, right?
Speaker CAnd so they fear that rejection.
Speaker CSo.
Speaker COr they feel, well, geez, if I follow up too many times, I'm going to be a pest, right?
Speaker CAnd statistically, and I can tell you from my own life, it is absolutely the opposite that people are feeling most of the time.
Speaker CPeople want you to follow up with them because they're so busy and sometimes they forget.
Speaker CPeople want you to follow up because it is really a human connection and they view follow up as a common courtesy, right?
Speaker CI mean, Sam, if you think about it, right, like, and for everybody listening, if we were going to be courting somebody, like, I don't know, someone of, of we see someone and we go, whoa, they are beautiful looking and we want to get to know them and we talk to them and we go out on a date.
Speaker CYou know, don't you call the person after the date?
Speaker CDon't you either text them, email them, call them, you better call guys.
Speaker CI'll tell you that right now.
Speaker BRight?
Speaker CBut I've done the research on it.
Speaker CThey want to call within 24 hours.
Speaker CAnd so the, we do all these things, we send little cards and letters and flowers and you know, and we're not thinking the other person's going to be thinking, man, this is, you know, too soon.
Speaker COr, you know, they don't want to hear from me.
Speaker CNo, no, no.
Speaker CWe're just doing.
Speaker CBecause we want to do it right.
Speaker CBut when it comes to the business side, we think, oh, they're not people.
Speaker CWe're dealing with a CEO, we're dealing with a homeowner, or we're dealing with a.
Speaker CWhatever it is.
Speaker CAnd so we don't follow up.
Speaker CBut here's the crazy part.
Speaker CStatistically, statistically, people expect three to five follow ups before the salesperson actually stops engaging.
Speaker BWow.
Speaker BThey expect three to five.
Speaker CThey expect it.
Speaker CAnd in those follow ups, they expect phone calls in those follow ups.
Speaker BOh, dropping some bombs on this one.
Speaker BSo everybody that's just emailing, remember, email has what, a 3% open rate?
Speaker BSomething like that.
Speaker CAnd, and the, the thing is, is that when you make a phone call, people don't make phone calls today like they used to.
Speaker CSo you, you differentiate yourself right then and there.
Speaker CAnd, and people are, I mean, I make, I make phone calls and people like, wow, you made me, you called me.
Speaker CRight?
Speaker CAnd it's like, well, yeah, you're important to me.
Speaker CRight.
Speaker CWhy wouldn't I make a phone call with you and then say this, folks, I'm sure all your other competitors you might be looking at, they're calling you too, right?
Speaker CNo, no, they're not.
Speaker BRight.
Speaker CYou know, somebody sent me a text, I got a few emails.
Speaker CRight.
Speaker CSo they expect you're going to follow up three to five times before you.
Speaker CNo, no longer follow up.
Speaker CBut statistics clearly show the opposite, that 50% of people follow up one time, less than 13% of people follow up more than three times or more.
Speaker CSo when we're doing that, Sam, all we're doing is we're prepping our competitor to walk in there and take the sale.
Speaker CRight?
Speaker BYeah, we're just educating them for somebody else to.
Speaker BIt's like drive it home, make that, help them make the decision.
Speaker BRight?
Speaker CYeah, yeah.
Speaker CAnd that's, that's how like follow up for me came about because of that situation.
Speaker CAnd it, it really, I would say it wasn't my fault, but in essence it probably was my fault because I didn't call everybody ahead of going on vacation.
Speaker CAnd I was working a corporate job at the time and I was the number one rep at the company and my daughter got sick while we were on vacation, ended up in the hospital, so we had to stay for another three days.
Speaker CSo I called back to my sales manager and I said, hey, I'm stuck here.
Speaker CCould you please have somebody cover my call?
Speaker CYou know, could you please cover my calls?
Speaker CThat's what I asked.
Speaker CHe said, you know what?
Speaker CI'll get somebody to cover them.
Speaker CCover your calls, cover your emails.
Speaker CDon't worry about it.
Speaker CWe'll take good care of you.
Speaker CI get back three days later, my voicemail is jammed full.
Speaker CYou couldn't.
Speaker CNo more incoming messages were available.
Speaker CMy email was at its limit.
Speaker CAnd no one covered my calls.
Speaker CNo one covered my emails.
Speaker BSo what a disheartening feeling was.
Speaker CTerrible feeling.
Speaker CAnd so what I did was I picked up the phone and back then you had to dial some numbers to get your voicemail.
Speaker CIt's not that one button push, folks.
Speaker CAnd I got my voicemails and there were six messages from the same person.
Speaker CAnd the first one was like, hey, Doug, how are you?
Speaker CIt's me, Jerry.
Speaker CListen, I'm ready to go.
Speaker CGive me a call.
Speaker CBeep.
Speaker CYou know, and then I pick up the next one and be like, hey, Doug, where are you?
Speaker CThis is Jerry.
Speaker CReady?
Speaker CI'm ready to go here.
Speaker CRight, come on over.
Speaker CBeep.
Speaker CYou know, and then the next one, and then it was like the fourth one in was like, hey, Doug, I'm getting pressure to make a decision here.
Speaker CI got to do something.
Speaker CCall me.
Speaker CWhat's going on?
Speaker CRight?
Speaker CAnd then, so the fifth one was more intense.
Speaker CAnd then I picked up the phone and I call him.
Speaker CI said, jerry, hey, listen, I'm so sorry.
Speaker CThis is what happened.
Speaker CI'll be right over.
Speaker CLiterally, Sam, I had been prospecting this person for two and a half months.
Speaker CEvery week we had talked and we built such a great relationship.
Speaker CAnd he said to me these words, oh, dude, I'd love for you to come over, but man, I called you last week and the CEO was pressuring me to do the deal, and I bought from your competitor, Lightship.
Speaker BOh no.
Speaker CAnd.
Speaker CAnd I said, oh, well, I never heard Lightship's name before.
Speaker CWhen did you talk to them?
Speaker CThey go, oh, they cold called me last week.
Speaker BOh, right in the middle of all of the not being able to find you.
Speaker CYeah.
Speaker CSo I had, I had built up the sale.
Speaker CEverything was good to go.
Speaker CLight ship called him, he said, well, why don't you come in and show me what you can do?
Speaker CThey came in, he said, well, I haven't heard from Doug, so give me a five year deal.
Speaker CAnd that cost me 25, 000 in commissions.
Speaker CYeah, it was 125, 000 sale.
Speaker CAnd well, you know, my vacation cost me 4,000 SAM@ that point.
Speaker CSo.
Speaker BThe cost of being gone as well as that.
Speaker BAnd that's such a wild story.
Speaker BAnd I love that you told it because so many people don't realize how much they're missing out on just by not reaching back out.
Speaker BIn fact, I think you have another story from the consumer perspective, specifically in air conditioning, that might be pretty applicable here as well.
Speaker BSo for everybody listening, Doug told me this story over dinner one evening, and I'd love for you to.
Speaker BTo share it now because for people want us to.
Speaker BPeople want to hear back from us.
Speaker BRight.
Speaker BAnd so tell.
Speaker BTell this one.
Speaker BThis one will help just reinforce what we're talking about here.
Speaker CYeah, those of.
Speaker CWell, all of us are in a service business, but those of you are selling specifically service businesses, you know, or product service businesses, you know, here's what happened.
Speaker CWe bought this house that I am living in as an investment, and we decided we were going to flip the house.
Speaker CSo we bought the house, prepped the house, got it all done, and then we decided, you know what, we'll move in.
Speaker CAnd the house didn't have air conditioning.
Speaker CAnd I was like, what a dummy.
Speaker CWhy didn't I do this before?
Speaker CI actually write when all the walls were open, when everything was there, because I know it's going to cost me more money now than it would have cost, right?
Speaker CSo, but I still, we, you know, my.
Speaker CMy wife wanted air conditioning, so that's what we were going to look at.
Speaker CAnd so I did.
Speaker CAnd I called 11 H vac companies.
Speaker CLet's see, four of them call me back.
Speaker COut of the four, two came over.
Speaker COut of the two, one gave me a proposal.
Speaker BWow.
Speaker CIt was $46,000 to put air conditioning in this building.
Speaker CI was like, wow, that's a hair more than I figured it was going to be.
Speaker CBut so then I called around and I found another person, and I said, here's the square footage of the house.
Speaker CWould you come over?
Speaker CAnd they said yes.
Speaker CThey came over and they gave me a quote for $34,000.
Speaker CSo I was like, oh, this is kind of cool.
Speaker CBut I like the first guy a lot better than I like the second guy.
Speaker CTrusted the first guy more than the second guy.
Speaker CSo I made some phone calls back to the first guy.
Speaker CHey, it's me.
Speaker CNever heard back.
Speaker BHow long has this been going on now?
Speaker CIt has been seven months.
Speaker CWe started in the beginning of the summer, right?
Speaker CSo seven months.
Speaker CIt's now January.
Speaker CAnd I have since called other H Vac companies.
Speaker CI have now I'd have To look it up.
Speaker CI think it's 16 of them.
Speaker CI called, and I believe I've heard back from a total of six.
Speaker CAnd out of the six, one sent me a proposal that didn't even come over, just sent me a proposal.
Speaker COut of the three who sent me proposals, I've only heard back from one person one time.
Speaker CAnd I said, well, we're gonna do this, but I'm thinking of waiting a month or so because now we're getting closer to the summer's over.
Speaker CWould you get back to me, Sam?
Speaker CWhat do you think he did?
Speaker CDid he get back to me?
Speaker BI'm guessing probably not, no.
Speaker CHere's the crazy, crazy, crazy part.
Speaker CWe're ready to buy.
Speaker BAnd have been for months, it sounds like.
Speaker CFor months.
Speaker CFor months.
Speaker CEver since September.
Speaker CSo now we're in.
Speaker CWe're in January.
Speaker CWe've been ready to buy.
Speaker CAnd I even got referrals from some real estate agents to some of these people.
Speaker CAnd I called the real estate agent.
Speaker CI'm like, your buddy's not getting back to me.
Speaker CYour friend's not getting back to me.
Speaker CI'll call again.
Speaker CAnd they never called.
Speaker CNow, jeez, I'm sorry, but if I owned an H VAC company and I had a $40,000 deal that I could close, and I had a salesperson that was on the.
Speaker CThe hook for the 40, you know, grand, I don't know what they pay in commissions there.
Speaker CI could figure it out.
Speaker CBut let's say they pay 20%, usually.
Speaker BRight around 10, actually, for most H Vac.
Speaker CAll right, so there.
Speaker CThere's four.
Speaker C4,000 to $5,000 right there.
Speaker CRight.
Speaker CNow, the nutty part of this story is usually heating and air conditioning.
Speaker CThey don't just do air conditioning because they're called H Vac.
Speaker CRight.
Speaker CWell, guess what?
Speaker CI had to get a new, probably newer heater.
Speaker BYeah.
Speaker CSo I also had to have some plumbing done in the building.
Speaker CSo with that sale with the heater, with the plumbing, it would have been somewhere between 75 and $85,000 that they would have picked up with the.
Speaker CThe sale.
Speaker CGuess what?
Speaker CI also belong to a real estate organization or two, of course.
Speaker CRight.
Speaker CSo guess what?
Speaker CThey look for people who are reliable, people who are show up, people who communicate well.
Speaker CSo this one sale is not a loss of, you know, $80,000.
Speaker CThis could be multiplied times 20.
Speaker CThis could be a 1.62 million dollar, you know, loss.
Speaker CAnd so this is how it multiplies out.
Speaker CBut, yeah, on the residential side, I've had that happen with carpenters I've had that happen with plumbers.
Speaker CYou know, just in the.
Speaker CIn the home improvement space.
Speaker CSolar.
Speaker CSolar people.
Speaker CI had seven solar people come back.
Speaker CTwo people gave me proposals.
Speaker COne never followed up on the proposal.
Speaker CThe gentleman I bought from was on it the day he gave me the proposal.
Speaker C$63,000.
Speaker CRight.
Speaker CSo the reason I'm giving numbers and all this is because I want people to understand that if you have a $63,000 client and you.
Speaker COr you have a sales team that's messing this up even 30 times a year, you're losing almost $2 million in revenue a year.
Speaker CRight.
Speaker CThat could be the difference between keeping administrative or operational talent around.
Speaker CThat could be the difference between profit and loss.
Speaker CThat could be the difference between staying in business or going out of business.
Speaker CThere's a lot of factors that factor in to follow up alone that just like, hey, I'm keeping in touch with people.
Speaker BRight.
Speaker BOh, this is huge too.
Speaker BAnd, and for everybody, this.
Speaker BThat's listening, you know, 2024, most people, you know, starting mid 2023, actually.
Speaker BBut, you know, the.
Speaker BThe number of business owners that I've talked to this year that have talked about how horrible the market's been and how the good ones, like, broke even and they didn't grow, but they didn't take a loss either.
Speaker BSo all of these conversations by the hundreds are happening across the country.
Speaker BAnd we're here to say, everybody start at home.
Speaker BYou don't need.
Speaker BThe conversation doesn't need to be around the rising cost of digital marketing.
Speaker BAnd how do we get more clients and more leads and more leads.
Speaker BLet's just capitalize on.
Speaker BLet's start with fixing our own systems and capitalizing the ones that we already have that we're not serving.
Speaker BWe're not even talk.
Speaker BTalking to them again.
Speaker BAnd so that.
Speaker BThat's my message right now is like, let's fix it at home first before we go out for more.
Speaker CYeah.
Speaker CBecause the.
Speaker CYou're paying per lead, folks.
Speaker CRight.
Speaker CSo.
Speaker CSo Sam, you had mentioned, you know, I've.
Speaker CTony Robbins.
Speaker CRight.
Speaker CSo I was president of training and sales for one of their companies.
Speaker CHe and Chad Holmes owned the company.
Speaker CAnd when I took the company over as the president of training and sales, I always look at the numbers because I usually can monetize that within the company.
Speaker CSo I looked at the sales team and how they were qualifying leads, and I looked at the leads, and you can imagine they were driving between a thousand and three thousand leads a week through this system.
Speaker BWow.
Speaker CFor years.
Speaker CSo I look back at the past two years.
Speaker CAnd I realized there were 170,000 leads.
Speaker CNever followed up on.
Speaker BHoly geez.
Speaker CI know, it sounds crazy, right?
Speaker CBecause the way they were.
Speaker CI'm sorry, over the, over the last three years, not the last two years.
Speaker C170,000 leads at $13 a piece.
Speaker BWhoa, okay.
Speaker CRight.
Speaker CNever followed up on.
Speaker CSo here's what we did.
Speaker CWe took all the new salespeople who wanted to be new salespeople and we said, call back through these three year old, two year old, one year old, you know, three month old leads.
Speaker CGuess what?
Speaker CThey were making probably more than the.
Speaker BPeople on the sales floor.
Speaker CThey were picking up sales, a lot of sales.
Speaker CAnd the thing is, is that some people were like, geez, I'm so glad you called me.
Speaker CNow the reason I bring that line up is because if one of those H Vac companies were to call me back, that's what I would be saying.
Speaker CGeez, I'm so glad you called me.
Speaker CIn your downtime in the winter time here in the, you know, you might be up with heating, but I'm sure that you're not being overrun with air conditioning request when it's, you know, seven degrees outside.
Speaker CRight, right.
Speaker CSo the, the, the point being is back to your original question.
Speaker CWhy don't people, you know, do they, they might feel they get rejected or, you know, they're not doing it.
Speaker CHere's the thing.
Speaker CIf we call with a modicum of consideration, in other words, we just call and say, hi, look, I'm just following up on our previous conversation.
Speaker CIf we just did that, you'll pick up sales.
Speaker CIt's way better than not calling.
Speaker BAbsolutely.
Speaker BI love it.
Speaker BOh, this is so powerful.
Speaker BOne, one of the things too for everybody listening is don't say the same thing every time.
Speaker BSome of the, the expressions that, you know, kind of make you feel powerless are, you know, hey, I'm just circling back, just touching base, all these things.
Speaker BJust can remember, think of it like the conversation is to be continued.
Speaker BSo when you're following up, don't say, you know, all those things.
Speaker BJust say, hey, I wanted to continue the conversation we had on this day, at this time about this thing and start it that way.
Speaker BMake it easy on yourself.
Speaker BRight?
Speaker BBecause it puts people in the frame of mind of, oh yeah, we were talking about that.
Speaker BAnd man, I'm glad you reached back out all of these things.
Speaker BSo don't lose your posture in that.
Speaker BJust be like, hey, let's just continue the conversation.
Speaker BWhere are you in your decision process?
Speaker CAnd, and to, to that Point.
Speaker CWhich is really great advice.
Speaker CJust because you haven't follow up in a while, don't think your competition has either.
Speaker CRight.
Speaker CSo, I mean, I just gave you the numbers of how many people followed up with me out of 16, you know, calls or interactions or whatever, and, you know, 11 out of 16.
Speaker CSo.
Speaker CAnd that's the crazy thing about follow up, Sam, is, is that a lot of people aren't doing it.
Speaker CSo the people who call actually stand out as the expert.
Speaker CThey stand out as the, the.
Speaker CThe reliable one.
Speaker CRight.
Speaker CAnd wow, what a positioning to have as somebody.
Speaker CI trust you, you're reliable, you know, because that's when they start picking up the phone for you and calling or emailing or texting their friends and say, listen, you know that guy Sam Wakefield?
Speaker CYeah.
Speaker CThe guy I was telling you about?
Speaker CI want to introduce you to him because he's the reliable one and he's going to take good care of you.
Speaker CAnd I'm not worried about my reputation as Doug Brown referring Sam Wakefield, because I know you're going to take care of them.
Speaker CAnd why don't we have this position?
Speaker CIs this not working easier versus harder?
Speaker BI love working smarter and easier.
Speaker BIt's so much better.
Speaker BIn fact, this is, this is really fun.
Speaker BThe story that I tell really often is, you know, there was a client that I had that I went to the appointment and we had just.
Speaker BI developed real early the habit of Bamfam, book a meeting from a meeting.
Speaker BI never left a homeowner interaction without booking another time we're gonna get together with, if it was a week, a month, however long down the road.
Speaker BAnd so I had this one client, we talked once.
Speaker BAt first it was pretty frequently, but then we talked once a month for six months.
Speaker BAnd finally, six months down the road, they're like, okay, we're ready.
Speaker BAnd so when I went back over there, they said, you know what?
Speaker BWe were not going to use you.
Speaker BWe like the other company better.
Speaker BWe like the other person better.
Speaker BBut you're the only one that continued to reach out to us until we were ready.
Speaker BSo clearly you want to earn our business and that's why we chose you.
Speaker BAnd stuck in my brain, this is probably seven years ago, and I feel like it was yesterday because it just reinforces this so much.
Speaker BAnd that was, quote, unquote, their exact words to me.
Speaker BAnd it's powerful when that happens.
Speaker CAnd now when they make a referral, they can tell that story.
Speaker CAnd so we are all wanting that story to be told about us.
Speaker CAnd.
Speaker CAnd that's you know, consistency is helpful, right?
Speaker CBecause we, we all.
Speaker CBut even without it, Sam, just following up, like, you know, I don't know if you've ever done this or anybody on the.
Speaker CThat's listening to this, ever done this, but it's like, wow, you know, I haven't talked to my high school senior classmates and I don't know, 15 years or whatever, right.
Speaker CEverybody got busy with their own lives.
Speaker CThey had families, they did this.
Speaker CRight.
Speaker CEverybody got.
Speaker CSo I was on Facebook and oh, I'm sorry now called Meta.
Speaker CAnd I was on Meta and I was like some, I was looking back through my alumni, had a, like a class thing and I'm looking through and I'm like, oh geez, I haven't talked to this person.
Speaker CAnd so I reach out.
Speaker CThis is a, this is a crazy true story.
Speaker CI reached out.
Speaker CHer name was Kristen and I remember her going out with my friend Mark in high school.
Speaker CAnd I reached out and she goes, hey, it's so nice to hear from you.
Speaker CI'm like, well, we haven't talked in well over 20 years, you know, communicating, nevermind, talk.
Speaker CWe haven't talked.
Speaker CAnd she said, but it's so, so nice to hear about you.
Speaker CAnd I said, well, you know, did you, Mark, ever get married?
Speaker CShe's no.
Speaker CI went on, I got married to somebody else, et cetera, et cetera.
Speaker CI said, oh, that's great.
Speaker CShe goes, it is.
Speaker CYou know why I'm so happy to hear from you?
Speaker CAnd I said, no, why?
Speaker CShe goes, I was thinking about you.
Speaker CYou were my first kiss.
Speaker BOh, wow.
Speaker CNow I have to admit I didn't know what she was talking about right at the moment.
Speaker CI didn't remember.
Speaker CBut I want people to capture the detail.
Speaker CNot that I'm an idiot and I forgot that, but to capture the detail that you don't know what people are thinking about without communicating with them.
Speaker BCorrect.
Speaker CThe fact is that that was important to her in her mind and she remembered that and brought that forth.
Speaker CIt was a connection point for us to be able to discuss even though I told her I didn't remember.
Speaker CRight, right.
Speaker BSo, so important.
Speaker BRight.
Speaker BOne of the interesting things that's kind of popping into my head too is, you know, the things that we kind of bringing us back a little bit into our, our conversation with our clients, remembering the important stuff.
Speaker BAnd when I say remember the important stuff, I'm not talking about, you know, what the project was going to be.
Speaker BI'm not talking about, you know, what their demographic is, their, the what the house looks like any of those kind of things, the important stuff are, I don't know, what are the dog's names, what are the kids names, when are birthdays, what are the important relational things that keep us connected to that.
Speaker BThere's a book at this point in time, it would be called a business classic, a historical book called how to Swim with the Sharks Without Getting Eaten Alive by a gentleman named Harvey McKay.
Speaker CYeah.
Speaker BAnd was one of the very first business books I ever read.
Speaker BSo for everybody listening, highly recommend that book.
Speaker BIt's how this is done.
Speaker BAnd so Harvey was, of course, and is considered the world's most networked person.
Speaker BRight.
Speaker BThe world's greatest networker of all time is this gentleman that wrote this book.
Speaker BAnd so for everybody that does your sneak peek into the book.
Speaker BBut this kind of brings us forward into where we are today with like these philosophies and these concepts and ideas that were kind of forgotten as we got into the digital age.
Speaker BAnd tell us a little bit about, you know, what we're doing now with kind of bringing a lot of that back and in our follow up process.
Speaker CYeah, so you're bringing up such an important part.
Speaker CRight.
Speaker CBecause that was the second trigger for me.
Speaker CI forgot the kiss.
Speaker CRight.
Speaker CSo now here's the interesting part of that.
Speaker CLater on I met Harvey McKay.
Speaker CYou had mentioned Harvey.
Speaker CI saw Harvey speak at an event and I walked up to him and I was so moved by what he was saying, I said, Mr. McKay, I could I ask you a few questions?
Speaker CHe said, well, kid, carry my bag to the limo.
Speaker CAnd I said, sure.
Speaker CAnd so we got talking about these issues that you're talking about.
Speaker CHow is he a great neck worker, you know, and what he remembers is all these little details.
Speaker CAnd this is what he conveyed to me.
Speaker CAnd you know, I was like, okay, well I forgot a first kiss, right?
Speaker CAnd he's like, oh, no, no, no, kid, no.
Speaker CAnd, you know, being it, you know, being a younger guy, I mean, I'm in my 60s now, so I mean, we're talking, you know, in my 40s.
Speaker CAnd at that time he was, you know, much older than I was.
Speaker CBut what he told me about is he said, I keep a log of something, I call them AK66.
Speaker CAnd I keep 66 important fields.
Speaker CAnd so now fast forward, this is, I don't know how many years ago now, you know, 20 something years ago that he told me this.
Speaker CI had been putting into practice what he was teaching.
Speaker CAnd so when people would call me or I would call them or we would talk or Email.
Speaker CIt'd be like, well, how's Margaret doing?
Speaker CYou know, is, is she still, you know, struggling a little bit with algebra or is she doing better?
Speaker CAnd they'd be like, wow, you remembered that, right?
Speaker CThose are the connection points that you're talking about.
Speaker BExactly.
Speaker CBut if you don't have a system to be able to do this, it's, you know, I mean, you can't use sticky notes and you can't use a notepad.
Speaker CRight.
Speaker CIf you, if one doesn't have a system, then that system will not.
Speaker CIt just, there is no system.
Speaker CIt, it breaks down.
Speaker CIt's that simple.
Speaker CEspecially if you have, you know, a hundred or more people that you're communicating with on a regular basis.
Speaker CSo.
Speaker BRight.
Speaker BYeah, we definitely can't expect to remember it all.
Speaker BWe're doing so much anyway.
Speaker BIt's like, how would we remember all those things?
Speaker BIt's have a hard time remembering.
Speaker BMost people have a hard time remembering their own, like wedding anniversaries and you know, children's birthdays, let alone details of a thousand people they're interacting with.
Speaker CWell now you're going to get a lot of men in trouble.
Speaker CRight.
Speaker CBut that if ladies are listening to this for sure.
Speaker CSo, you know, we started building a technology system to actually close the loop on this thing.
Speaker CAnd I did it because where we're working with clients and we're working with clients who are working with clients.
Speaker CIt.
Speaker CWe noticed the common thread that it just wasn't us that didn't really have a system for this follow up process now.
Speaker CBut we were way better than other people were, right.
Speaker CWe were, we were keeping paper, paper calendars.
Speaker CWe were doing all that stuff to try to say, okay, every 30 or every 60 days we're going to reach out.
Speaker BRight.
Speaker CAnd one of these things that I would do in companies so companies who are paying attention here, all, you know, first thing I would do with your company is if I would be like, how long have you not communicated with your dormant clients?
Speaker CIn other words, people who bought from you?
Speaker CRight, right.
Speaker CSo we start to re engage those people and they pick sales up.
Speaker CThe next thing we do with the sales team is we say, okay, you're going to reach out to three people a day to the number it ranges between 5% on the low end and 15% on the high end at the end of the year.
Speaker CBut just reaching out to three people a day.
Speaker CAnd it's not to sell them something, it's to reach out to go, hey Sam, how's things going?
Speaker CRight.
Speaker CHow's Things with the kids out thing with the business.
Speaker CRight.
Speaker CAnd just that human connection.
Speaker CSo what we did, Sam, is we decided to build a system and we said we're going to make this all about personalized, meaningful, relevant and as automated as possible follow up that has that human to human connection.
Speaker CSo it's not going to come out like, hi, first name, you know, this or whatever.
Speaker BRight.
Speaker BI hate getting those mass emails from especially companies I think, or have it together and then they get missed something like, you know, hey, first name.
Speaker BInstead of like even having my name in there.
Speaker CYeah, I just got one of those from, from, from my hospital.
Speaker BOh my gosh.
Speaker BThat makes you feel very well cared for.
Speaker CIt's like, let's talk about rapport break pretty quick, right?
Speaker BYeah.
Speaker BWe just replaced part of your body and.
Speaker BOkay.
Speaker BWe can't even remember what your name was.
Speaker BYou're a nice number.
Speaker BThanks.
Speaker CYeah, it's exactly how I felt and do feel that way still.
Speaker CSo, you know, we, we, we designed it so that it would take Persona fields, kind of what Harvey was doing, and kind of business buyer Persona fields and Persona fields from people, and we track these Persona fields and technology's made it easier for us to do that.
Speaker CAnd we then take those Persona fields and we wind those into relevant, meaningful, timely communication.
Speaker BOh, I like it.
Speaker CRight.
Speaker CAnd then what we do is we automate a lot of the processes around that so that you can actually look at the communication and say, yeah, send that or don't send that, or you know, something like, you know, how many people remember birthdays?
Speaker CLike, you know, very few people, right.
Speaker CRemember.
Speaker CUnless it's like really close, close friends, you know, they don't remember.
Speaker CAnd so not only reminding you of the birthday, but what if the system pulls up a message that says, hey, happy birthday.
Speaker CBy the way, you know, being born in 1974, these four things were important in 1974.
Speaker CAnd I know you love to play, you know, chess.
Speaker CAnd did you know that Bobby Fischer in 1974, you know, it goes on and on.
Speaker CRight.
Speaker CAnd by the way, that's all done automatically.
Speaker CYou didn't even touch it.
Speaker BWow.
Speaker CRight?
Speaker BThat is so cool.
Speaker CYeah.
Speaker CAnd it, and so it's, it's this way of staying in touch with people so everyone stays top of mind.
Speaker CYou know, it's not that, you know, whether it's personal or business, it's not that people don't want to stay in touch.
Speaker CIt's just they get busy in their own space.
Speaker CSo.
Speaker CBut if they do stay in touch, as you were saying, in the beginning of our conversation, how much money is being lost on the table, even if you're off by a small percentage?
Speaker CRight.
Speaker CI, I looked at some statistics yesterday.
Speaker CThere are trillions of transactions going on daily across the world.
Speaker BSure.
Speaker CSo think about 1% of a TR.
Speaker CYou know, 3 trillion transactions a day that don't go on because someone didn't follow up.
Speaker BWow.
Speaker CIt's a ton of money.
Speaker CRight?
Speaker BThat is enormous.
Speaker BI'm.
Speaker BI'm going to grab a calculator and do that right now, just for everybody listening.
Speaker BRight.
Speaker BSo 3 trillion to make sure I get enough zeros in here.
Speaker BLet's see there.
Speaker BOh, my gosh.
Speaker BYeah, that's.
Speaker BThat's a huge.
Speaker BJeez Louise.
Speaker CYeah.
Speaker BLike, my calculator maxed out.
Speaker CWell, and to put it into perspective, like with somebody, well, that's a lot of transactions.
Speaker CWe don't do that.
Speaker CRight.
Speaker CSo I, I was looking up all these little crazy stats, like how many surgeries are done a day worldwide.
Speaker CThere's 857, 000 surgeries a day done worldwide.
Speaker CWell, what if there was a 1%, I don't know, error?
Speaker CThey didn't follow up with 1% of the patients who came out of anesthesia.
Speaker BOh, how awful would that be?
Speaker BIt's making it way more, way more real.
Speaker BRight?
Speaker CYeah, yeah.
Speaker BLike, so we were talking about, too, at the beginning, like, the numbers that, you know, just like, really, really hit me were, you know, you're talking about just the small amount, you know, extending the number from your own personal experience into some of the trades.
Speaker BYou know, so you could be leaving a couple million dollars on the table.
Speaker BYou know, what would that do for an organization that's, you know, maybe a $4 million a year organization?
Speaker B5, 6, 7.
Speaker BRight.
Speaker BLet alone, you know, obviously the larger organizations.
Speaker BBut I mean, and these are not exaggerated numbers, everybody.
Speaker BThis is literally what's sitting there that we're not doing anything with.
Speaker BAnd just like you were saying, I almost guarantee if you didn't hear in a direct no from your homeowners, drive back by that house, they haven't done anything.
Speaker BJust one of the traps, mental traps, we get in is, well, they didn't buy from us, they didn't get back with us, so they must have gone with someone else.
Speaker BBut for the most part, that's not true.
Speaker BThey just got stuck in this decision paralysis and need someone to help them over the line.
Speaker BAnd that's why we get paid what we do as salespeople, because not everyone can do that.
Speaker CSo I'll Illustrate that by this is I was on a sales training call for sales consultants.
Speaker CFriend of mine invited me to listen in and a lady comes on the call and she says, guys, you gotta follow up.
Speaker CAnd the gentleman who hosted it said, well, what happened?
Speaker CTell us.
Speaker CRight?
Speaker CAnd she said, well, seven months ago to the day, I called this guy and he said, I can't do anything for six months and would you call me back in six months I'll be ready to really have that conversation.
Speaker CAnd she said yes.
Speaker CAnd she got busy and forgot and she was looking through some of her past correspondence and leads and things and she realized she hadn't called this person back in six months.
Speaker CSo a couple days went by and then she called him.
Speaker CIt was seven months.
Speaker CShe told us to the day.
Speaker CIt was the day she came on this call.
Speaker CAnd he said, the gentleman said, well, what happened?
Speaker CAnd she said, well, the, the guy actually remembered me, you know, I said, hi, it's me, listen, I'm sorry I didn't follow up.
Speaker CLike I said, in six months, I, you know, just life got ahead of me, blah, blah, blah, blah, blah.
Speaker CHe said, well, it's really great to hear from you.
Speaker CI'm so glad you called me and that things are good for you in your life.
Speaker CShe said, well, I'm ready, you know, if you are, to re engage in that conversation.
Speaker CAnd he said, well, I'd love to, but I guess you didn't hear the news.
Speaker CAnd she goes, what?
Speaker CShe?
Speaker CHe goes, I bought from your company.
Speaker CAnd she goes, what do you mean?
Speaker CHe goes, well, I bought from Peter in your company.
Speaker CAnd she goes, peter, Peter M. In New York.
Speaker CShe go.
Speaker CHe goes, no, Peter R. In Seattle.
Speaker CWhat do you mean?
Speaker CWell, you know, about a month ago, Peter R. Called me and we started having communication and I asked him about you and he said, well, I, you know, don't, don't really know you.
Speaker CYou're kind of a big company.
Speaker CAnd so anyways, we closed the deal with Peter, you know, like a week ago.
Speaker BWow.
Speaker CAnd she said these words, you got to follow up, guys.
Speaker CIt was a five year deal.
Speaker CMy commission on the deal was 500,000 USD a year.
Speaker BHoly cow.
Speaker BTwo and a half million dollars worth of mis commission.
Speaker CYeah.
Speaker BNot following up.
Speaker CYes, on time too.
Speaker CRight?
Speaker CSo the.
Speaker CNow imagine this, Sam, if she had just been sending an email or text message or just called and got his voicemail and left and said, hey, this is Amanda, I want to give you a call.
Speaker CListen, I know we're not going to talk for another few months.
Speaker CSo the Gentleman who was hosting the sales training asked her.
Speaker CHe said, you know, you know what happened?
Speaker CShe said, I just forgot.
Speaker CAnd she's like, you guys have to follow up or you miss out.
Speaker CAnd the crazy part of the story is, is Peter R in Seattle got three referrals from this guy.
Speaker BAnd people know people like themselves.
Speaker BSo I can imagine they were probably fairly equivalent accounts as well.
Speaker CYeah, yeah.
Speaker CSo imagine, I mean, if he just called one or two out of three.
Speaker CI mean, the gentleman's making a million and a half dollars a year off a dropped ball.
Speaker CSo to your point, right, you just, we gotta, you know, it's, it's not hard to do, but the, the, the to your point, people will make the assumption that the potential buyer is not interested, so they immediately deprioritize it.
Speaker CBut not just deprioritize it, stop communicating.
Speaker CSo it's in our system, for example, we have the ability coming up where if you stop communicating, the system will actually promote you to say, do you want to reach out to Sam?
Speaker COh, nice, right.
Speaker CAnd it will actually light up in your system and say warning, warning, you know, that type of thing.
Speaker CSo, and it will create the, it will create the message for you.
Speaker CAnd that way you can just stay in touch and, you know, because if she hadn't just stayed in touch when that guy in this fifth month, he might have been like, listen, we're going to be ready to really talk about this next month.
Speaker CAnd he would have made that call.
Speaker BGo ahead and schedule the date.
Speaker CYeah, yeah.
Speaker BOh my gosh, this is wild.
Speaker BYou know, and when, when we very first started talking about this, it's something that I recognized is one of the very biggest missing pieces in what.
Speaker BWell, clearly the example of your 11, 16, 17, you know, H Vac companies that are not getting back to you and you're in your area.
Speaker BBut it's, that's the problem is, and, and the whole point is that's everywhere.
Speaker BIt's not just because you live in a certain specific city or zip code, it's every single one that there's around the world.
Speaker BThis is a global issue.
Speaker BAnd you know, we of course recognize it in the trades.
Speaker BAnd so for everybody listening, if you're not following up, you don't have a process to it.
Speaker BYou don't have a, a really great system that helps, helps automate it.
Speaker BSo it happens.
Speaker BRight.
Speaker BI would rather see something 80% complete that's usable than something that's perfect, that.
Speaker BWaiting for something perfect that we don't use.
Speaker BRight.
Speaker BYou just gotta do it.
Speaker BAnd so, and that's, that's for everybody listen.
Speaker BThat's why I'm excited about one, about having Doug on the show because his massive wealth of knowledge and experience, but also he's creating something that is really, for this type of thing.
Speaker BIt's the coolest thing that I've seen probably ever.
Speaker BIt's about as innovative as if you were on service titan and you were not on service titan.
Speaker BThe ability and the things that it can do versus your other workflow system before.
Speaker BSo tell us a little, let's get a little more granular because so for everybody, listen, Doug has developed this program which it's a combo of a couple things.
Speaker BI'll let you give the details of what it is and what it does.
Speaker BBut for everybody listen, I am one of the first people to sign up for this.
Speaker BI am using it for my company, for close it now.
Speaker BBecause especially if you're a one man show out there or you're a smaller company, your bandwidth gets maxed out.
Speaker BThat's another reason people don't follow up is they just don't have the time or they think they don't because they don't understand the priority of making follow up as part of their process, especially if the organization is, you know, has not built in follow up as their culture.
Speaker BAnd so that's the other reason I'm so excited about this, to help people automate a lot of this and buy your time back and be able to do that.
Speaker BSo tell us a little bit more about, about the program and, and all the things it does and where it's headed.
Speaker CYeah, so we, we called it vibitno.com V I B I T N O.
Speaker CAnd it's kind of a mouthful to say, but the reason that we chose the name was we were looking originally trying to find names and you know, to describe this and you know, we came up with you matter.
Speaker CRight, right.
Speaker CSo we're like all excited.
Speaker COh, we got you matter dot com.
Speaker CWell, guess what?
Speaker CIt's not available.
Speaker CSo then we did like, you know, searches on, you know, dozens and dozens of possible ways of, of spinning it just wasn't available.
Speaker CAnd then we came across a Slavic term that meant you matter, the esteemed one, you know, and it was called, it's Vitno V I B I T N O.
Speaker CSo we took the name as vibitno.com and we started with the premise of we're gonna, we don't want to.
Speaker CWe, even though we have a CRM component, we don't Want to be a CRM only.
Speaker BRight, right.
Speaker CSo we're going to start with the.
Speaker CHow do you get a contact into play and continue to follow up with that contact?
Speaker CSo for example, you take your, your cell phone, you're at a networking event or a trade show or you just meet someone and you know they have a business card, they give it to you old school, you take a picture of the card and the card then gets read into your vibitno system and you, you got your first queue up for sending follow up that's automatically created for you.
Speaker CNow we can also templatize some of these processes.
Speaker CSo let's say you were at a, a networking event, the network events ending at 5pm and you want everybody to get their first message at 5:17pm and it's each individualized to each individual person because you've been putting some fields into the system to personalize that process.
Speaker CAnd so, you know, bam, you talk to 37 people, 37, you know, first connections go out that day.
Speaker CWow.
Speaker CRight.
Speaker CAnd so now you have a contact and you've put it into play.
Speaker CYou have a contact you met at a, you know, I don't know, let's stay with the services business.
Speaker CRight.
Speaker CYou go buy a, a home and you meet with the, you know, the spouses and you got their information and you get back into your van and, and your first follow up now goes out to them before you even turn the key on the van.
Speaker BWow.
Speaker CRight.
Speaker CAbout what you communicated with.
Speaker CSo it was about how to put it in play and then how to stay in touch with them when you can't.
Speaker CRight, right.
Speaker CAnd also how to manage those relationships as well.
Speaker CSo then we said, all right, we're going to build in the ability to manage that through a CRM.
Speaker CSo we put a CRM into the system.
Speaker CBut what we wanted to do, Sam, is that we wanted the system to turn into a revenue improvement like system for people.
Speaker CSo we know if you follow up that you're going to get responses and referrals and you're going to close more sales.
Speaker CWell, we started tracking all these metrics in the system.
Speaker CRight.
Speaker CSo you can actually see what you're getting from follow up and how it is actually applying to your life in real time.
Speaker CYou can also see when your reps or other people aren't doing it because we give the owner the ability to take a look at everything.
Speaker CRight, sure.
Speaker CAnd, and automate the reporting.
Speaker CSo the reporting comes in or it says something like, hey, you know, Doug's not doing his Follow up on this or whatever.
Speaker CAnd so you know that you can intercede with that.
Speaker CSo the whole.
Speaker CThat was the crux of the system.
Speaker CThe system was how do we bond, do personalized, meaningful and relevant information and how do we build relationships, not just for now, but how do we build these relationships for in perpetuity?
Speaker BRight?
Speaker CBecause if most of us look back on our lives and we go, geez, we have met hundreds or thousands of people, and if we had just stayed in touch with thousands of people on a regular basis, then when we needed a favor or we needed something where, you know, we're going to open our business or we're going to do whatever, we could go back to those thousands of people and we could ask and say, hey, I need your advice, I need your help.
Speaker CI'm going to pre sell this out.
Speaker CI got a new sale going on, on this or whatever.
Speaker CAnd one of the next gens of the system that we're looking at, Sam, you love innovation.
Speaker CSo I figured I would tell you this, because you're absolutely aware of it, is we were actually looking at the Persona fields because, you know, it's going to keep track of not only the person, their education, were they in the military, their spouse, their spouse's information, their children, their children's information, their hobbies, their interests, on everybody, you know, affiliations and things like that.
Speaker CBut imagine something like this.
Speaker CAnd we were just having this conversation with the development team.
Speaker CImagine Valentine Day is coming up in February.
Speaker CRight?
Speaker BRight.
Speaker CAnd you know, you know, my wife, for example, she loves tulips.
Speaker CNow the thing to go out on Valentine's Day is maybe to buy roses.
Speaker CSure.
Speaker CBut imagine if somebody sent me a message saying, hey, Doug, I was just thinking about you and Justina.
Speaker CAnd I remember Justina loves tulips.
Speaker CRemember, Valentine's Day is coming up.
Speaker CI did a little research and the, the best place to buy tulips are these two places in your area.
Speaker BI love it.
Speaker BThat is adding value right there.
Speaker CRight.
Speaker CSo it gets, it gets very, it gets relevant and meaningful and personal.
Speaker CRight.
Speaker CAnd personalized, I should say.
Speaker CAnd you know, you can, you can go to whatever level you want with, with the, with the system, but that next gen is going to start pulling and start making recommendations for people like, you know, let's say.
Speaker CSo I did, I did this manually.
Speaker CFor example, I have a gentleman, he just sold his company.
Speaker CHe sold it for 23 times EBITDA.
Speaker CHe was $100 million company.
Speaker CSo he had a really nice exit.
Speaker BThat's a nice exit.
Speaker CHe was in the aviation business and in the.
Speaker CIn my system, I recognized his birthday, and I'm like, I wonder what great things happened on the month of his birthday.
Speaker CRight.
Speaker CWell, do you know that his month of his birth is national aviation Month?
Speaker BWell, gee, is no wonder.
Speaker BWhat a coincidence.
Speaker CSo I send him a message, and I say, hey, I don't know if you know this, but your birthday is coming up.
Speaker CBut did you know your birthday?
Speaker CYou know, I reckon I realized that it's national aviation month of the birthday, you know, and also, you know, here's three or four great people who were born in the same month as you are who are also tied to the aviation industry.
Speaker CMaybe it has something to do with the month you were born.
Speaker CAnd what do you think, Sam?
Speaker CThat guy, like, picked up the phone and called me.
Speaker BI just had a 2.2, $2.3 billion exit.
Speaker BAnd he's dialing you on the phone.
Speaker CHe's.
Speaker CHe's dialing me, thanking me, saying how amazing this was.
Speaker CAnd, oh, by the way, we were thinking about something in the company.
Speaker CI'd like you to have, you know, chime in on it and tell me what you think about it.
Speaker BWow.
Speaker COn our new company we're starting up, so it's like when people get personalized and meaningful, you know, information, then we no longer think this is business, Even though we understand it's business.
Speaker CWe're not crossing the friendly line and taking the pressure out of the sale.
Speaker CWhat we're doing is we're actually dealing with the two things that people make decisions on.
Speaker CA business return on investment and a personal return on investment.
Speaker CAnd both of those are included in each sale.
Speaker CAnd it does not matter if you're selling business to business or business to personal, you know, business to consumer.
Speaker CThey're still thinking, like, with the air conditioning, I'm thinking, Whoa, okay, 46 grand.
Speaker CThat's a little more than I was thinking for air conditioning.
Speaker CNow, it's a bigger home, and I get it, but it was still a little higher than I figured.
Speaker CSo now I'm justifying the numbers in my head, like, all right, well, if we hold on this place for 10 years, it's $4700 a year for air conditioning, you know?
Speaker BSure.
Speaker CAnd I'm doing all that.
Speaker CBut on the personal side, I have three ladies in the house, Wife and two daughters.
Speaker CWell, proud daddy, proud husband feels, man.
Speaker CYou know, if they're comfortable and they're doing great, et cetera, et cetera, et cetera, I feel great.
Speaker CThere's the personal return on investment Right, right.
Speaker CTheir friends come over, spend some time in the house.
Speaker CThey go, whoa, this is great.
Speaker CYou know, you got all the central air flying around and all this mini splits and all this other stuff.
Speaker CRight.
Speaker CYou know, or they get mini splits because they can control the temperature in their room.
Speaker CSo versus like, you know, just regular old air conditioner that comes out of the floor.
Speaker COne room's freezing and you got to shut the vent a little bit.
Speaker CRight.
Speaker CNow you get personalized.
Speaker COne of them, you know, one of them likes it cold, one of them likes it a little warmer.
Speaker BRight.
Speaker BMake everybody happy.
Speaker CThey're happy, I'm happy.
Speaker CYeah, right.
Speaker CBut from the emotion.
Speaker CBecause we all base our decisions on emotion, justify with logic, but that logic is justified with another emotion.
Speaker CWe do this on the business side and on the personal side, and that's where it closes the loop between the two of them and makes it one.
Speaker CYeah.
Speaker BThis is so, so, so powerful.
Speaker BI can't wait to dive into this a lot more.
Speaker BI it.
Speaker BWe're getting super close on time here today, in fact, that the conversation between the emotional and the logic, the business interaction there that we could do a whole nother podcast, I'm sure, just on that topic.
Speaker BUnderstanding the emotional bank account that we're investing into along the way.
Speaker BAnd everybody has heard, will people buy from people they know like and trust?
Speaker BBut that's it.
Speaker BThat's where most people stop.
Speaker BIt's like, what does that actually mean?
Speaker BWe can unpack that another time.
Speaker BNot necessarily on this show, but I'm so excited about this, about Vitno, because it just is.
Speaker BIt's the missing piece for so many people in so many ways.
Speaker BIt literally is good at everybody.
Speaker BI'm telling you, you're sitting literally on millions of dollars of sales of people that you saw this last year that didn't close.
Speaker BRight.
Speaker BWe just have to get back in touch with them.
Speaker BWhile you're busy running the business forward.
Speaker BA tool like this can be the thing to look in that rear view mirror and be pulling up that trailer.
Speaker BAnd that trailer gets bigger and bigger and bigger as you go.
Speaker BSo one thing I want to let everybody know about is we are going to be doing a webinar on this and we're gonna, we're gonna do a lot little more in a lot more in depth training on some actual scripting for follow up.
Speaker BWe're gonna really give some, some key steps, some, you know, great best practices for, you know, what does a follow up calendar look like?
Speaker BObviously every industry is a little different, but what's the frequency, how often should be we, we be reaching out?
Speaker BHow do we set up the conversation to start with all of those things?
Speaker BAnd then we're also going to, going to go through a bit of a, a demonstration of what this, what this program will do because I'll tell you, every single one of you out there, you, you need this program.
Speaker BThis is something that it, I don't care what else is out there.
Speaker BSome of the different text automation tools in our industry, they do not do what this one does.
Speaker BThis one has it.
Speaker BWe'll use the crazy, use the buzzword.
Speaker BIt, it does have AI as part of the, as part of the build.
Speaker BAnd because that's, it's so powerful and it is really one of the best ways to get where we want to go.
Speaker BFeel free to add anything at this point that you want to this.
Speaker CYeah, I wanted to let people know it took about two years to actually put this together because we didn't have AI when we were starting.
Speaker CRight.
Speaker CAnd so we were actually getting things to start to work without AI and all AI did was make it easier to do.
Speaker CAnd so the thing about AI is AI does a lot of great stuff, but it's not that personalized.
Speaker CRight.
Speaker CIt can't, it doesn't have emotional, you know, intelligence to that level.
Speaker CSo what we did is we took the emotional intelligence and we use AI to actually enhance the emotional intelligence in the system.
Speaker CAnd you know, Sam, I was just talking with somebody earlier today and we were having this conversation because we did a, a LinkedIn post and we just put out something on the follow up.
Speaker CAnd I had never seen response like this to a LinkedIn post.
Speaker CYou know what we put out?
Speaker CI mean, We've been doing LinkedIn for years and it was all around follow up.
Speaker CAnd it was a really good point.
Speaker CSomebody said, well, if I'm dropping 200 grand a year in personal sales, would I hire a full time person at $30,000 a year just to follow up with me?
Speaker CI mean, for me.
Speaker CAnd people are like, well that's, that's a yes, I would do that.
Speaker CYes.
Speaker BNo brainer.
Speaker CRight, right.
Speaker CAnd I'm thinking you could do that for a fraction of what.
Speaker CYou know what I mean.
Speaker CSo you had mentioned that people are losing millions of dollars in sales.
Speaker CYeah, that's true.
Speaker CAnd if you, not to push the pain.
Speaker CBut if you think about it, think about over the last 10 years how many sales you have dropped and over the next 10 years how many sales you won't get.
Speaker CIf that's not painful enough for you.
Speaker CWell then you know this is not as important to you and I get it.
Speaker BExactly.
Speaker CBut if it is, then you know, I to promote what you just said, come to the training because you won't be disappointed.
Speaker CThere'll be some really good actionable things you can take away.
Speaker CWhether you invest in the technology or not will be up to you.
Speaker CBut you'll still be able to walk away and start some processes going for you and your business.
Speaker B100 I love that so much.
Speaker BAnd it's, it's the cells is.
Speaker BIs two directions.
Speaker BRight?
Speaker BWhenever.
Speaker BWhen we're thinking about sales, it's looking into the future and it's looking into the past.
Speaker BYou know we're sitting, we sit in this moment which is like our moment of now.
Speaker BBut every top performer for everybody listening, we've talked about this so much in this podcast is if you only stay in the conversation right now, you're missing the boat.
Speaker CYeah.
Speaker BYou have to help them look back into the pain and the things that they want to correct.
Speaker BAnd you have to help your homeowners in, in your sales appointments look into the future and understand how life is going to change and be different based on either the project or equipment.
Speaker BNothing about your equipment or, you know, what your service you're doing.
Speaker BIt's everything about how their life is going to be different and how to change moving forward.
Speaker BIt's the same thing in our business.
Speaker BRight.
Speaker BSo let's move it over there.
Speaker BIt's like our business is both looking forward into the future.
Speaker BAll of the new business, all of the leads.
Speaker BHow do we get more leads?
Speaker BHow do we connect with our clients?
Speaker BBut the second we turn around and look at that rearview mirror, there's a saying from a classic business book in the H Vac space.
Speaker BEverybody pay attention to this.
Speaker BIt's called H Vac Spells wealth by Ron Smith.
Speaker BHe had the two, the very first two people in the industry to sell over a million dollars a year when the average ticket was right around $3,000.
Speaker BSo that's doing a lot of volume.
Speaker BThe part I want to emphasize here is they did not take neither one of them.
Speaker BThey did not take new leads or appointments from their company.
Speaker BThey only went back through their database and their filing cabinet from all of their service technicians tickets.
Speaker BAnd.
Speaker BAnd they sat there, and this is in the 80s.
Speaker BThey sat there and cold called every past client.
Speaker BNow let's take that into what we're talking about now.
Speaker BLooking into the rear view mirror with our, our clients.
Speaker BWhat the line that comes from that book that I want to emphasize here is the goal is not to get clients.
Speaker BThe goal is to get and keep clients.
Speaker BWe don't just get customers.
Speaker BWe get and keep customers because that is how organizations build longtime lasting value.
Speaker BRight?
Speaker BThe huge Ebitdas don't come from a company that, you know, started and blew it up in three or four or five years and now they have a high volume, but nobody knows what the history is going to look like when they're out of a boom.
Speaker BRight?
Speaker BSure, a few people have done that, but the highest valuations, the 20 or 30 EBITDA from organizations that sells from lasting client base that don't go anywhere and this is how to do it.
Speaker BThere's building the relationship over time.
Speaker BSo, so excited about it.
Speaker BSo let's get some dates here real quick.
Speaker BIt is going to be on January.
Speaker BSo I want to get the date exactly right because we had a little bit of a typo at first with the date.
Speaker BIt is going to be on the 16th of January and that is two weeks.
Speaker BLet's see from the date of recording.
Speaker BThis is.
Speaker BThis episode is going to go live on January 3rd, which is will be just under two weeks from when you hear this episode, if you hear it the day it releases.
Speaker BSo January 16, 2025, you can in the Show Notes will be the link to sign up or just put your name in.
Speaker BWe'll send you all the contact information.
Speaker BIt is get it and then also join the Facebook group, the Close it Now Facebook group.
Speaker BI've got the link and we're going to talk about it a lot in the Facebook group.
Speaker BSo I'll make sure to get the replay of this podcast up in there as well as go to the Show Notes and you can get the link to find out the information of how to get into this webinar.
Speaker BWe're going to give you very actionable language and tips and process and everything that we just talked about.
Speaker BPlus give the opportunity to check out the bit.
Speaker BNow.
Speaker BIt's gonna.
Speaker BIf you don't, if this is the first time you heard of it, but it won't be the last.
Speaker BIt is going to take over, take over the trades for companies that basically everywhere, companies that need to reach back out.
Speaker BBecause if you don't adapt and change, you're going to get left behind.
Speaker BYou better get used to extinction.
Speaker BExtinction.
Speaker BIf you don't like to innovate, go with the innovations.
Speaker BSo there's the, there's the very specific plug because this is not about selling it you something everybody that I only bring Things onto the show that you can use to make a massive difference.
Speaker BSo give us the parting words, Doug.
Speaker BTell us, drop a drop another nugget, because I know you're full of them.
Speaker BAnd yeah, tell us a little bit of a send off here.
Speaker CYeah, I think, you know, I was listening to your conversation and they're calling back through their old, old dormant leads, basically.
Speaker CRight.
Speaker CAnd they were selling a million dollars a year at $3,000.
Speaker CSo that means that they were selling one system a day.
Speaker COne a day from old leads.
Speaker CJust following up.
Speaker BYeah.
Speaker BAnd this is in like 1984, 1985.
Speaker CYeah.
Speaker CI mean, the profit margin on that sale because the lead cost has already sunk, right.
Speaker CThey've already written it off like, you know, when the, when the leads were three years old at Tony Robbins and Chad Holmes.
Speaker CRight.
Speaker CThey had already written that money off in previous years.
Speaker CSo that year, that lead cost nothing at that moment.
Speaker CAnd so imagine selling one new system a day every single day at zero acquisition cost, except maybe you're paying a sales person to call.
Speaker BRight, right.
Speaker CYour profitability skyrockets on that.
Speaker CAnd, and it's like here, here's the thing I want to leave people with, Sam.
Speaker CIf, if we are, why did we get in business in the first place?
Speaker CIt was to make money, to make a difference for most of us.
Speaker COkay, so if we make money, we're not making a difference.
Speaker CYou're not going to be as happy if you're making a difference, but you're not making money, you're still not going to be happy.
Speaker BRight?
Speaker CSo if one of those people had a followed up with me on the air conditioning.
Speaker CAnd by the way, if you have an air conditioning business, you'll have my contact information.
Speaker CSo reach out and, and, and, and, and quote me.
Speaker CRight?
Speaker CIf they had to put the air conditioning in by now, the mini splits also have heat here.
Speaker CWe had a, we had a power outage and the generator wasn't working at one time.
Speaker CBut then the generator worked, but we couldn't get the, the heater back on.
Speaker CSo if we had had the mini splits, we could have heated the bedrooms.
Speaker CRight.
Speaker CThat makes our days happier.
Speaker CAnd, and so what I want people to understand is follow up's not just the act of following up, it's the act of building and connecting with human beings to better their life as well.
Speaker CAnd so if you're into doing that, which I hope you are, if you are in business, because you will be far more successful, then, you know, come to the training that we're going to do.
Speaker CI've got a bonus to give away to people at the training Sam that I hadn't even mentioned because we created it for your training.
Speaker CSo.
Speaker BYeah, nice.
Speaker CWe'll do a gift and we are grateful for that and we'll go from there.
Speaker CBut thank you for having me on.
Speaker CI'm very grateful.
Speaker BAbsolutely.
Speaker BWell, thank you for being on again.
Speaker BEverybody pay attention to the show notes.
Speaker BJanuary 16, 2025.
Speaker BWe're going to be really showing this thing off.
Speaker BShow you what it can do and show you more importantly how it can recapture all of those very, very expensive and hard to earn new clients.
Speaker BRight.
Speaker BThe average right now for the H VAC industry, for, for the trades.
Speaker BNew client acquisition.
Speaker BIf you don't know this, if you're a business owner, you have to know these numbers.
Speaker BIf you don't know this, this is an important number to, to pay attention to.
Speaker BNew client acquisition right now is averaging between 800 and $1200 per new client.
Speaker BEvery single time you set an appointment, knock on that door and it doesn't sell, you might as well be throwing away a thousand dollars.
Speaker BJust throw it right in the campfire if you don't do anything with it after that.
Speaker BThis is a way to recapture that plus, the cap.
Speaker BThe plus is of course, everything that comes out of it.
Speaker BA cell.
Speaker BSo that's New client acquisition is enormous.
Speaker BWhy spend that money if you don't have to?
Speaker BThat's why we love things like door knocking in.
Speaker BClose it now.
Speaker BThat's why we love canvassing.
Speaker BThat's why we love guerrilla marketing.
Speaker BAll of the ways we can get in front of new opportunities very cheaply and efficiently and without costing more.
Speaker BSo this is it.
Speaker BLet's go.
Speaker BLet's just look back, right?
Speaker BAnd so thanks, Doug, for joining us again.
Speaker BIt has been an honor and a pleasure.
Speaker BDefinitely look forward to the webinar we're going to be doing.
Speaker BEverybody else, you know how we end this?
Speaker BGo out there.
Speaker BBe someone worth buying from.
Speaker AYou've been listening to the Close it now podcast.
Speaker AOur passion is to dive headfirst into the transformative movement that's reshaping the very foundation of H Vac and home improvement and at the same time covering fitness, nutrition, relationships and personal growth, proving that we can indeed have it all.
Speaker AWe hope you've enjoyed the show.
Speaker AIf you did, make sure to like, rate and review.
Speaker AWe'll be back soon, but in the meantime, find the website@closeitnow.net find us on Instagram at thereal.
Speaker AClose it now.
Speaker AAnd on Facebook.
Speaker ACloseit now.
Speaker ASee you next time.
Speaker CIt.