
In this video you will learn:
The second video from the course is also free so you can check it out just now!
Hello, this is the third lecture from the profit detector sales course!
Before to reveal the profit detector formula and show you how it works you need to understand the four levels of sales efforts the formula is based.
At the graph you see the time spend on the client horizontally and the selling efforts on the vertical.
At zero point we have none time or selling efforts.
This is because there are clients that will just lose your time and money.
In this case we need not only to save our time, but literally to make him give up from the deal.
I remember a case from my work.
It was a client that has an online store for car equipment.
He purchases a small google adwords campaign for a single month.
After that he start to call me every day with some basic marketing questions and talk with mi hours on the phone.
It was so frustrating that I spend so much time with him that this affect my work for the bigger clients we had.
At the end of the month when the contract end I make all to avoid renewing the fork for this client.
The second level is “standard”.
“Standard” in my case means basically a phone call and e-mail.
I have prepared service information in most of the scenarios and modify it for the particular client.
I spend a little time to define the critical business objectives and competition environment of the client and add a pinch of uniqueness to the sales process so the client will understand that I could deliver optimal solution for his business.
The third level is the “detailed” offer.
These are deep sales efforts, the communication includes not only phone and email but also presentations, video calls or videos specially created for the client.
At this level I am trying my best to understand the market of the client, his business objectives and the resources he has to deal with the clients and the competitors.
If needed I make additional research for a few of the biggest competitors and other factors that could be helpful for that client.
I put all this together to present the best individual solution for the client and show him the redlines for hard working.
The goal is to leave him speechless and close the deal.
You can understand that such a level of service and time spend could be add only in highly perspective clients I know deserve all the efforts.
The profit detector formula helps me out to detect such a prospects and do not lose my time chasing the wind.
The higher level we could take as sales approach in the profit detector formula scale is so we called “ALL”.
This means all from the previous levels and even more!
The communication level here includes all the channels including personal meetings.
It could take additional resources of the company as bringing some technical employee with you or even the CEO if the client is really big.
Of course you could modify the level based on your company need and your own sales strategy.
The only important thing is to distinguish clearly the different levels of efforts you could spend depending of the type of the client.
And now we could already take a look at the profit detector formula.
This is a simple table based on all you have learned till now.
To be more easy to use I create it on the basis of the simple questions you learn in this course.
It has 6 columns and 22 rows.
The columns include the simple questions and their answers “yes or no”.
The first question is:
Do they have money?
This question is based on the fact that sometimes there are clients that are asking for offer and lately it occur that they don’t have the money to afford your services.
The other questions are as follows:
Do they have enough money to get results?
This question is connected with the investment capabilities form the fist lecture.
Do they have non-monetary values?
Do they have future?
That question in related with the quality of the service that we look at in the fist lecture.
And the last question is:
Will they buy?
Which we learned in the previous lecture.
The rows of the profit detector table represent the different scenarios based on your answers.
In the last column you will find the sales level you could take based on your answers.
The sales levels as you already know are: none, standard, detailed and all.
Let me show you how to use the table.
Let say we have the tourism agency company that asks for our google adwords services.
Than we make a quick research to determine their level of competitiveness.
Let’s say they have a good advantage compare to other companies in the niche.
Than we make a quick phone call to get information about the investment capabilities of the client.
It the call the CEO of the company explain to us that they have good budget because they are expecting the hot season in the niche and they want to be prepared for the reaction of their competitors.
This is enough!
So let’s dive in to the table.
They have a good budget so they could not only afford our services but they could receive critical amount of visitors to their website.
This means that the answer for the first two columns is yes.
This leads us to the bottom of the table.
As we understand from the research the answer of the question if they have future is yes.
And they have a high chance to buy since they have the seasonality momentum factor and we are speaking with the decision maker.
So the answer of the last two questions is also yes.
This focused us on the last two rows from the table.
The only difference could be being if they have a non-monetary value that could affect the deal.
Nowhere we saw such a game changer so the answer of his question is “no” which places us on the last row.
Here we find the level of sales efforts we should apply according to profit detector sales formula.
It is “All” sales level approach.
Since we have such a potential we should do anything to win the deal.
He has a big potential to be one of the 20% of the clients that brings us 80% of the profit.
Prepare to apply the profit detector formula today and start monitoring the positive impact of your sales!
You could print it and place on one hand distance on your desk until it becomes part of your way of thinking and become your habit.
Thank you for watching this course I hope it will help your business and professional development!
If you feel like you benefit from my words, I’ll be thankful to leave a review under the course!
Profit Detector Sales Course will help you to determine the 20% of the Google AdWords leads and clients that brings you 80% ot the profit! It is combination of marketing science and real sales experience.
My name is Grigor Yovov, I am an CEO of Business Trend – Digital marketing agency and also a cretor of the PROFIT DETECTOR FORMULA. I start my career as a sales of digital marketing products (SEO, Google AdWords etc.) and managed to put my name under the certificates of the top leaders in the digital marketing world such as Google, HubSpot and Daragh Walsh.
Then came the big moment!
Before 7 years I start my own company and become independent digital marketing consultant. I constantly growth my business by selling SEO and PPC ads in AdWords and Facebook.
Actually I have such a success selling digital marketing services that I have never thought hiring other sales representative. I really love my work!
At this time I haven't an idea that lately I'll create the PROFIT DETECTOR FORMULA!
But not always the things were so smooth.
I remember like it was yesterday that lead that comes one morning form our facebook campaign.
In the beginning it was so promising!
I start a little research before calling the client as usual. It was a medium size travel agency willing to push up sales in the summer season with some mix of SEO and AdWords.
I call the phone and after a few minutes I have the basic information of what the client need. The main goal was to sell exotic destinations like Maldives, morocco and Tanzania, but mostly to target a hotel in Greece that my client was prebuy for the whole summer season.
The client was so confident they want to start the campaign and arrange a meeting in couple of days.
So I put my marketing gloves and decide to do some prep work before the meeting.
I make a short keyword research on the most common terms and the CPC price. Also check google trends and buzzsumo for additional ideas. Than search live in google for the competitors and brows their websites to get some clue for the environment of the business. And so on, and so on. It took me 5 hours to collect all the data and create a great presentation for the meeting.
The day before the meeting I hit a golden mine. It was a traditional fest that take place next to that Greece hotel location at the end of the season. I make additional keyword research and find that there are people searching for the fest from the beginning of the season but I have not find a serious competition.
Real golden mine!
To worm up the client a put another hour creating short video to present my discovery and demonstrate that I have serious intention to find the best solution for the client.
Anyway the day of the meeting have arrived and I knocked on the front door of their office.
The meeting pass buy very well and I managed to present all the material prepared and answer all clients questions.
At the final stage I already feel the taste of the deal closing and decide to ask whether we’ll be ready to start the campaign.
Than the cold shower came!
“We are now on the stage of collecting offers. Also still not sure if we need to go for Adwords or the local radio and newspaper for the fest event, we just do not have budget for both.”
Of course I explain that adwords is much more measurable and effective method and there is a lot of issues to be calculated before starting the campaign.
But at the end of the day I was empty-handed with a bunch of researches under my arm and more than 10 hours of lost in preparation time.
It wasn’t the first time a false lead loses my time, but definitely it was the last drop in the glass of my patient!
I sit in my office, lock the door and stay there a whole week. In the dark I calculate day and night all the sales experience I have and all the sells ninja resources in the internet.
And finally I did it!
3 minutes’ system to qualify leads and spread them in 4 easy groups to manage my selling time and afforts called the PROFIT DETECTOR!
It was real boost in my sales business! I have never find my selves in lost time and nerves position again!
I call it Profit Detector sales formula!
There are 4 levels of efforts you can reach depending the lead and 22 types of leads depending their credibility and monetary value.
Today I’ll present the system in my course, hurry up and subscribe!