Some of these prospects may take three years to finally land, some may take two months.
Speaker ABut you know, if you're pursuing someone for that long and you're checking those boxes and building on the relationship, it's only a matter of time before you walk through the door.
Speaker BOn today's episode, we're going to talk, be talking about how to differentiate yourself in a crowded marketplace.
Speaker BAnd this is going to be towards new business acquisition to people that don't currently do business with us.
Speaker BToday I have here a.
Speaker ADon't.
Speaker ADon't even say that.
Speaker ADo not.
Speaker BI have a 15 year veteran of new business acquisition specialist Justin Mains.
Speaker BJustin, let's chat about it, man.
Speaker BHow, how do we differentiate ourselves?
Speaker BWhat do brokers in the marketplace have to do today to stand out when they're prospecting?
Speaker BYou know, these prospects are getting, you know, we hear it all the time.
Speaker B10, 15 calls a day, you know, 20 emails, 10 LinkedIn messages all the time.
Speaker BIt's kind of, you know, it's kind of, I always think of it this way.
Speaker BIt's, you know, when you get a, you know, you go to like a marina or a fishing marina and you throw in that little fish food.
Speaker AOh yeah.
Speaker BAnd like all those carp.
Speaker BIs it carp?
Speaker BIs that the.
Speaker AThere's a lot of different.
Speaker AI think all fish.
Speaker BYeah, yeah, they like, man, they are just trying to get that like piranhas.
Speaker BPiranhas.
Speaker BThere you go.
Speaker BSo let's go over a couple things that you know, that are good for the audience to hear and understand about ways that you can differentiate yourself.
Speaker AYeah, this is, I do think this is a hot topic because we're in a soft market.
Speaker AAnd what that means, if you're not familiar with the industry is, you know, there's, you know, plenty of capacity, there's plenty of trucks, but there's not as many loads.
Speaker ASo shippers needs are taken care of.
Speaker AThey're working with carriers.
Speaker AThey don't really, they're not entertaining new partners.
Speaker AThey're not, you know, they don't need, they're not like dying for a broker.
Speaker ASo closing business is more difficult than ever.
Speaker AWhen it's tight, it's complete opposite.
Speaker AYou know, shippers need us.
Speaker BSo supply and demand, Correct?
Speaker AExactly.
Speaker ASo we're in a very, you know, loose market, soft market.
Speaker ASo these shippers are getting bombarded by calls, emails, texts, you name it, they're getting it.
Speaker ASo when they get a sales call and you're hearing it more now, you know, is this a sales call?
Speaker AIs this a sales call?
Speaker ALike.
Speaker AAbsolutely, absolutely.
Speaker ANo, it's, it depends on how you look at it.
Speaker ABut, but you're hearing that a lot.
Speaker BBecause that trust early.
Speaker AOh yeah, they're getting them so often.
Speaker ASo the question is, how do you differentiate yourself from the next 50 people calling that same contact later that week?
Speaker CYeah.
Speaker AAnd there's a number of things and I think there's, you know, a lot of things that, you know, we still miss as a team.
Speaker ABut I'm pretty confident the competition is doing as well.
Speaker CYeah.
Speaker AAt the end of the day, you have, you know, 8 to 12 seconds, 8 to 15 seconds to catch that, that, that prospect's attention.
Speaker CYeah.
Speaker AAnd you're going to do that by doing your homework.
Speaker AYou know, who are you?
Speaker AWhere are you calling from?
Speaker AWhy are you calling?
Speaker AAnd then what do you know about them?
Speaker AYou have, you have roughly 10 to 12 seconds to do that.
Speaker BSure.
Speaker ASo match their energy.
Speaker AMake sure that you're not calling with the same, you know, monotonous, you know, low energy voice.
Speaker CYeah.
Speaker AAnd no generic, you know, bs.
Speaker BWhat about like a script?
Speaker BWhat if you just have like my name is I work for and you're super monotone on the, on the, you're.
Speaker AGonna hear, you're gonna hear dial time.
Speaker BBecause you won't get hung up on pretty quick.
Speaker AYep.
Speaker ASo but at the end of the day, like you have that time to even get their interest and you better have a solid question that you did your homework to ask.
Speaker AAnd from there you're just listening.
Speaker ARight.
Speaker AYou know, there's technology out there where I can measure how often or like on one call, let's say five minute call of that time, how much are you talking and how much are you actually listening?
Speaker ASo if you're, if you're talking 90% of the time you're listening 10, you're not going to know shit about that prospect.
Speaker CYeah.
Speaker AYou know, I'd be surprised that they're still on the phone after five minutes.
Speaker ABut you should be asking, you know, open ended questions that make them think and you're going to get honest answers.
Speaker AIf you're asking those generic questions.
Speaker AHow many full truckloads do you have?
Speaker DRight.
Speaker AHow many do you move per week?
Speaker AHow you're going to get very short answers in the conversation.
Speaker ANot going to last.
Speaker ASo go ahead.
Speaker BAnd they can, I mean to me, anytime you hear a prospect on the phone and they hear that question automatically, they know.
Speaker DRight.
Speaker BAnd so I think, so what's, what are some examples of, you know, questions that you start off with?
Speaker BOr hell, what is, you know, when you make that call.
Speaker BAnd they answer and say, hey, my name is Derek.
Speaker BHow can I help you?
Speaker BWhat do we do then, Derek?
Speaker AAnd there's a number of things, but I am very targeted with who I approach.
Speaker AAnd we have a smaller pool of prospects that we pursue because we want that laser focus on those prospects because they fit the client profile that we're trying to work with.
Speaker AFor me, I do a lot of food and beverage.
Speaker DFood and beverage.
Speaker ASo I connect the dots and I'm working, you know, different contexts, seeing who's connected to who.
Speaker BYou mean like on LinkedIn?
Speaker ALinkedIn.
Speaker BOkay.
Speaker DYeah.
Speaker AAnd I had this conversation with, you know, people I have relationships with.
Speaker AHey, I saw that used to work here.
Speaker ADo you know so and so who I speak with?
Speaker ASo I try to connect the dots before I even call because it's immediately going to warm up the call.
Speaker CYeah.
Speaker BAnd from what I'm hearing, man, I think, you know, just.
Speaker BIt sounds like you have a game plan before you are calling this potential prospect.
Speaker AYes.
Speaker BHow long are you spending on this?
Speaker BYou know, we'll call it game plan.
Speaker AIt's.
Speaker AI would say anywhere between 30 to two minutes maybe.
Speaker CYeah.
Speaker BSo not a long time.
Speaker ANo.
Speaker BAnd that now we're going in and we're making this call to the similar type of prospect food and beverage manufacturer.
Speaker BAnd then what.
Speaker BWhat happens next?
Speaker AI'm trying to pique their interest enough in my opening to stay on the phone with me.
Speaker ASo you mentioned, you know, hey, I'm Derek, Derek Justin with Veritas Logistics.
Speaker AKeep this super quick.
Speaker AI saw that you're connected with so and so I reached out to him about you.
Speaker CYeah.
Speaker AHe said that you may need this, this and this.
Speaker AYeah, I'm curious to learn more about abc.
Speaker DNice.
Speaker AWhatever it may be.
Speaker BI think, you know, I.
Speaker BOne thing I love coaching, especially with the call coaching stuff.
Speaker BLike I.
Speaker BI enjoy that more than it.
Speaker BMore than I probably should.
Speaker BBut I always hear, you know, new reps or new salespeople, they'll ask, you know, the guy says, hey, Derek, how can I.
Speaker BOr my name's Derek, how can I help you?
Speaker BAnd the first thing they say is, derek, how are you doing today?
Speaker BAnd God, man, I just.
Speaker BI wish we could like alleviate that.
Speaker AYou are right.
Speaker BWell, I think it screams salesperson.
Speaker BAll right, what do you want, man?
Speaker BNow you've just lost their interest.
Speaker BIt's like gone off a cliff and you know, it's.
Speaker BIt's hard to recover from that.
Speaker BSo I love that approach when you're saying, derek, I spoke with this person I saw that you were connected on LinkedIn.
Speaker BYou know, how do you approach the mid mile management today going from, you know, your manufacturing facility into Kihei distributors or whatever the scenario is.
Speaker BSo what are some more ways like we went over the opening.
Speaker BYou're bringing up the client relevant fact.
Speaker BWhat happens next?
Speaker AYeah.
Speaker AWhat homework?
Speaker AHow are you going to show them that you've done your homework?
Speaker AAnd a lot of times I'm name dropping so I'm working with a lot of your competitors.
Speaker AHere are their challenges.
Speaker AAre these similar challenges that you're facing today?
Speaker AAnd here's how we solve those challenges.
Speaker ASo there's a lot of synergies between these companies, especially in food and bev.
Speaker CYeah.
Speaker ASo I will know a handful of facts about them prior to going into that call.
Speaker AAnd if I don't, I'm calling lower level, maybe the gatekeeper or I call it three up, three down, three over where I'm gaining intel from contacts at that company that I can then leverage as my homework.
Speaker AI can then leverage with the main decision maker.
Speaker CYeah.
Speaker ABecause if I know those things and I've talked to every single person around him and I know all their pain points, I understand their needs and now I have a solution I can bring to the table that brings true value.
Speaker DYeah.
Speaker AIf you cannot bring value to these prospects, what, where, why would they even work with you?
Speaker BThey're not.
Speaker BEspecially in this market when it's so soft and they're getting so many calls per day.
Speaker BI truly don't think, I mean they don't have a need.
Speaker BBut if you can pique their interest enough to set up a virtual call or get them some sort of familiarity, I think you can have a leg up.
Speaker BOne thing you mentioned, and I love this, but even when you call the gate so you don't have a ton of information and you know there's potential there.
Speaker BCalling that gatekeeper and doing some discovery where you're, you know, learning a little bit more about the decision maker and who they use.
Speaker BIf they're using brokers or you know, the gatekeepers, I feel like know more.
Speaker DThan they lead on.
Speaker AYep.
Speaker DRight.
Speaker BThey, you know, it's funny, we call these gatekeepers and they're instructed or I feel like they have like a laminated sheet that says like, oh, this guy's asking for Transportation logistics.
Speaker BOh, say this.
Speaker BThat's John Smith.
Speaker BYeah.
Speaker BSay this right.
Speaker BIt's like transportation logistics script.
Speaker BThe gatekeeper pulls it up and says let me get you back to his voicemail.
Speaker DRight.
Speaker BI feel like that happens all the time.
Speaker BBut the more we can dig in and try to find out that discovery piece, I love that because so many people will take that.
Speaker DRight.
Speaker BThe gatekeeper will say, oh, that's, you know, that's John Smith and let me get you back there.
Speaker BAnd now they.
Speaker BThere's nothing really gained from that, I don't feel like.
Speaker DRight.
Speaker BSo I think there is some value in learning more from the gatekeeper or digging in there to figure out what that is.
Speaker BWhat are some other ways that we can stand out or be different than the 20 other people that are calling them every day?
Speaker AYes.
Speaker AAnd I do think this boils down to the homework and what you know about them.
Speaker ABecause if there's one thing I hope listeners take away is, you know, as a small company, even if you're large.
Speaker CYeah.
Speaker AYou know, if you're maybe a TQL C.H.
Speaker Arobinson, they might buy from you because of your name and your brand and your capabilities.
Speaker ABut if you're that mid size or smaller brokerage, these companies are not going to buy because you have a really cool tms.
Speaker BRight.
Speaker AOr you have a ton of good carriers in their market in their area.
Speaker AYeah.
Speaker AOr whatever you want to try pitching them that they don't care about, they will buy from you because you are you.
Speaker AThere's no other reason why.
Speaker CYeah.
Speaker AAnd if they don't like you or they think you're kind of a cheese dick and they don't really like talking to you, they're not going to buy from you either.
Speaker CYeah.
Speaker ASo be a person, Listen, do a little homework, find out what they're interested in.
Speaker AGet a little creepy on Facebook.
Speaker AI don't know.
Speaker ABut get weird.
Speaker BI love this part.
Speaker BYeah.
Speaker ASo like, but do your homework and be a person when you call that contact because they're gonna buy from you.
Speaker AAlso, if you bring a genuine curiosity to that conversation and truly understand their needs, my number one goal is to make their lives easier.
Speaker AWhether he's a VP of transportation or I'm working with a logistics coordinator that just gets crushed every day with fallouts.
Speaker AMy number one job is to make their jobs easy.
Speaker AEasier.
Speaker AAnd if I could do that, I give them time back.
Speaker AI start to know them personally, I figure out about their families, their personal lives, and, you know, may they have, you know, three kids that they rarely get time with because they work late dealing with fallouts.
Speaker BSure.
Speaker AI.
Speaker AIf I can give that logistics coordinator two hours back every day because she doesn't have to deal with fallouts, then I'm winning.
Speaker BHow much do you leverage?
Speaker BEven Though, just thinking about it, like the relationship piece and talking about their family, you know, how much do you leverage, like LinkedIn or their profile or anything they post or, you know, geographical region, do you dig in there much or what?
Speaker BHow much do you leverage that side of it?
Speaker AYeah, a lot of the conversation is going to be tailored based on their experience or, you know, their background.
Speaker ASo I try to find some type of language or experience in there where I might be a little bit more strategic, where I might have to bring it down and be a little bit more transactional.
Speaker ABut yeah, I try to find some commonality with them on a LinkedIn page, whether they went to college nearby.
Speaker AYeah, they worked at a company that we've crossed paths with.
Speaker AWhatever.
Speaker AMe, I try to find that connection and I bring that up, it might not be, you know, obviously we're not in the door yet.
Speaker AWe'll talk about getting in the door.
Speaker BOkay.
Speaker ABut as we're building up to that point, trying to different differentiate ourselves, I'm trying to find some type of commonality to build on with the relationship.
Speaker BI love it, man.
Speaker BI think that that's where a lot of people have challenges is.
Speaker BI don't know, I feel like people don't use their brain.
Speaker DRight.
Speaker BThey have no sense of awareness of, oh, he's connected to that person.
Speaker BThey live here.
Speaker BThey, oh, I can see where, you know, it looks like he went to college there in this city.
Speaker BHe probably is moving back home.
Speaker BThat's something I'm going to bring up.
Speaker AYeah.
Speaker BOh, you.
Speaker BI'm going to use my brain and connect the dots here like you mentioned earlier, and figure out.
Speaker BI think there's a value in that as a salesperson to connect those dots like you're talking about where, you know, a lot of people don't do that.
Speaker BAnd I think that it's like, I think it, it's.
Speaker BThe playing field is very easy when you connect some of those dots and make some of those connections.
Speaker BI also love if a guy's wearing a Minnesota Vikings hat in his LinkedIn profile.
Speaker BI mean, you bet your ass I am talking about the Minnesota Vikings and their, you know, three and O start or whatever it is.
Speaker BSo, you know, I think those are some of the things that people don't do that I think we can really hit on.
Speaker DYeah.
Speaker BWhat are some more ways, like, so let's talk about this.
Speaker BWe talked about the opening, getting them to a certain point.
Speaker BFamiliarity.
Speaker BWhat next?
Speaker BLike, I've been prospecting these people for, hell, two, three months.
Speaker BMedium to large size shipper and what's next?
Speaker BWhat step?
Speaker BWhat are next steps for us?
Speaker ATiming is obviously important, especially when you're prospecting.
Speaker ABut it has to make sense for them.
Speaker AAnd the only way it's going to make sense is if you're willing to go above and beyond where they're like, wow, we need to onboard.
Speaker AI know we only onboard once a year, but we're going to onboard this guy in March.
Speaker BWhat do you mean?
Speaker AIt's doing what the competition is not willing to do.
Speaker AAnd I'll bring up one particular story.
Speaker AWe do a lot of marketing.
Speaker AWe do the handwritten letters.
Speaker AWe talk about it all the time.
Speaker AWe had a prospect and let me back up.
Speaker AI would not do this unless they're a good fit and the partnership makes sense.
Speaker BYou're just not like, sending a blast out to, like, yeah.
Speaker DAll these people.
Speaker AYeah.
Speaker ASo, you know, the people we're pursuing are qualified, and that's who we're going to spend our time with.
Speaker ABut we had a great shipper out in Washington.
Speaker CYeah.
Speaker AThat we had been talking with.
Speaker AWe had some great conversations.
Speaker AAnd, you know, the conversation came up, us being in, you know, Kentucky and Ohio, that, you know, if you're willing to meet in person, then we'll bring you on board.
Speaker AIt was the first time I've ever done this, but, you know, flew out to Washington.
Speaker CYeah.
Speaker ATo meet with their team.
Speaker BYeah.
Speaker AAnd we had never ran a load with.
Speaker BNever did business.
Speaker AAnd that may be something common at other companies, but for a small company, you know, we were budgeting.
Speaker AThis is a few years ago.
Speaker BLike, oh, boy, Two, three, four grand just to make the trip.
Speaker BYeah.
Speaker AYeah.
Speaker ASo we flew out there, you know, we broke bread, had a great conversation, learned more about their team, built some.
Speaker ASome more relationships, and.
Speaker AAnd they're a great client today.
Speaker ASo that's.
Speaker AThose are some of the things I mean by like, going above and beyond.
Speaker AYou know, some of these.
Speaker ASome of these prospects may take three years to finally land.
Speaker ASome may take two months.
Speaker ABut, you know, if you're pursuing someone for that long and you're checking those boxes and building on the relationship, it's only a matter of time before.
Speaker ABefore you.
Speaker AYou walk through the door.
Speaker BWhat are some.
Speaker BWe always see these stats.
Speaker DRight.
Speaker BAnd it's like, you know, the first.
Speaker BI forget certain amount of percentage of salespeople quit after the first call, and a certain amount of salespeople quit after the second call.
Speaker BAnd I think like, the most or the most sales are made after, like, the eighth contact.
Speaker DRight.
Speaker BThe highest majority.
Speaker BAnd at that point, I think it's like 6% of salespeople are only willing to make eight contacts the same person.
Speaker BWhat is, like, your cadence?
Speaker BOr what do you.
Speaker BWhat are you doing as far as.
Speaker BAre you calling every week?
Speaker BAre you calling every other day?
Speaker BAre you emailing every other day with pictures of your dog?
Speaker BWhat are you doing there as far as, like, the cadence?
Speaker AI think this goes back to the listening part.
Speaker ALike, if they're like, justin, like, leave me alone for a month, sure.
Speaker AYou know, I may send them an email with, like, a marketing update.
Speaker BYeah.
Speaker ABut I'm never bringing up business for at least a month because I want them to know that I heard you listen, and that's what I'm going to do.
Speaker ABut, you know, if.
Speaker AIf I had the conversation, are you okay if I.
Speaker AIf I, you know.
Speaker AYou know, send you anything that I think you'll find of value?
Speaker AYeah, but I'm always trying to get commitments and build out a timeline on when I'm going to, you know, finally start working with them so that the expectations are set.
Speaker AI'm getting commitments from them, and I'm moving them along through the sales process.
Speaker ASo, um, it all.
Speaker AIt all depends on the conversation and how much potential is there.
Speaker ABut if I'm not reaching them and they have a commitment they gave me.
Speaker AYeah, I mean, I'll call every day.
Speaker AI'll call three times a day.
Speaker AI'll email multiple times a day.
Speaker AHopefully I don't get, you know, a restraining order.
Speaker ABut, yeah, it usually works in our favor if we're that persistent.
Speaker BWell, and I think, like, you said it, but I think, even, okay, you had the initial call, you know, and saying something along the lines of, hey, do you mind if I follow up every month?
Speaker BOr what do you like, even putting it back in their court?
Speaker DRight.
Speaker BLike, what's a good cadence for us?
Speaker BCan I follow up monthly?
Speaker BIs it every quarter?
Speaker BWhat do you got?
Speaker BYeah, you could follow up monthly, no problem.
Speaker BYeah, that's no problem at all.
Speaker BOkay.
Speaker BNow, I put that in my CRM.
Speaker BI put that in my, you know, whatever it looks like as far as, like, the client file.
Speaker BAnd then what do you send to them?
Speaker BLike, say somebody only wants quarterly emails.
Speaker BWhat do you do then?
Speaker ALike, yeah, I want to know, like, what's important to you.
Speaker CYeah.
Speaker AI don't want to send, you know, a bunch of fluff that you're just going to discard.
Speaker BSure.
Speaker ALike, what is most important to you that you're actually going to look at.
Speaker AAnd so I'm always trying to.
Speaker AAnd if you're not getting contact at first, you need to.
Speaker AYou need to try different things.
Speaker AYou're sending the same generic email, and you're, You're.
Speaker AYou're always going to lose.
Speaker ASo I'm always trying to have that conversation to find out what's most important.
Speaker CYeah.
Speaker AWhat are your biggest challenges?
Speaker AWhat hurdles can I remove from your team?
Speaker CYeah.
Speaker AAnd once I know that, that's what I'm selling to, because I'm building that credibility where they're like, oh, this guy actually knows what he's doing.
Speaker BYeah, he should pro.
Speaker AWe should probably bring him on because he's going to bring some value as opposed to this guy that got grandfathered in, you know, had to move the load in two months.
Speaker DRight.
Speaker AThere's a real situation.
Speaker BWell, I think, like, when we talk about, like this episode is about differentiating yourself.
Speaker DRight.
Speaker BAnd how.
Speaker BHow do we do that?
Speaker BWell, listening to the client, making sure that, you know, we're doing what they.
Speaker BThey want us to do.
Speaker BAnd you said it, man, like bringing value.
Speaker BWhether that's market insights or something that's happening in the shipping world or, you know, even this week, there's a huge, you know, rail strike up in the northeast.
Speaker BAnd how does that impact their business?
Speaker BRight.
Speaker BSending that valuable information to them if they are moving drainage off the East Coast.
Speaker BRight.
Speaker BHow does he.
Speaker BIs this going to impact you?
Speaker BHow does that look?
Speaker BI heard, you know, I listened to a ton of Jeb Blunt.
Speaker BSo do you, you know, something he said a while ago, as far as cadence is differentiating yourself from being white noise like everybody else or sticking out.
Speaker BAnd, you know, every time he's talking.
Speaker BOkay.
Speaker BI'm doing, you know, the handwritten cards, the marketing packages, golf balls, whatever it is to stick out or differentiate yourself here as opposed to being that white noise, you know, on the left.
Speaker AYeah.
Speaker AAnd one thing I will add to that since.
Speaker ASince you mentioned it, but the, the you know what is going to make you stick out.
Speaker AAnd I love virtual calls because.
Speaker CYeah, it's.
Speaker AIt's about as face to face as you can get without flying to Washington.
Speaker ABut was meeting with a, you know, national brand, a snack brand.
Speaker CYeah.
Speaker AAnd the contact was remote.
Speaker AAnd her son walked in.
Speaker AHe was one of his mom to play with Legos.
Speaker CYeah, yeah.
Speaker AAnd I do this intentionally because I want to see their background, what's hanging on their wall.
Speaker AThe picture of kids.
Speaker BYankees hat or something like that.
Speaker AYep, yep.
Speaker ASo her kid walks in with.
Speaker AWith Legos wanting to play.
Speaker AShe stiff arms him right out the door and, and I put together a care package with a thank you card and I included a superhero Legos in that.
Speaker AThat package.
Speaker BLove it.
Speaker ABut if I would have had that call, I'm not paying attention to those types of things.
Speaker AHow am I going to stick out as opposed to just another guy that I talked to the other day?
Speaker BWell, I love it.
Speaker BI mean, it's like, okay, what is a Lego set?
Speaker BI know they're pretty expensive, but like.
Speaker AThis one's probably like 100 pieces.
Speaker AAnd it was like two grand, I.
Speaker BThink about 40 bucks.
Speaker BYeah.
Speaker BSo you're spending 40 bucks, some postage, overall, $50ish, whatever, for a potential to stick out, especially for this opportunity right now.
Speaker BIf the opportunity is, you know, they only do a couple shipments a month, we're probably not sending a lot.
Speaker BBut if the opportunity is there for potential partnership down the road, spend the 50 bucks.
Speaker BDifferentiate yourself.
Speaker BGod, I love that man.
Speaker BSo we've talked about a lot today how to differentiate yourself from a prospecting side of it.
Speaker BTune in for the next episode.
Speaker BWe're going to talk about how to differentiate yourself from a client retention perspective and customers that we're actively billing today.