Transforming the Leverage Points in Your Business

It's one of those nuances that when you're transforming the leverage points in your business, the prequalification follow up is different than the post qualification follow up, but they are both very important leverage points. David: Hi. Welcome back in today's episode, cohost. Kevin Rosenquist and I discuss transforming the leverage points in your business. Welcome back, Kevin. Kevin: Hey, David. Great to see you. I'm excited to find out what you mean by this. So can you just start by sort of talking about what you mean when you refer to leverage points in a business? David: Yeah. I think particularly for salespeople and business owners, there are certain specific leverage points that make a huge difference when you're interacting with clients, and a lot of it starts with who you're going after. You know, just the targeting aspect of it. And a lot of people will take anyone who can fog a mirror, you know, they'll take anybody who stumbles in the door. And if you want to be a little more proactive about things, and if you want to really leverage that aspect of it, just the targeting part of it, that's one of those small hinges that swings big doors. And so. When we look at leverage points, that's a really good solid first one. Because you could spend time going after a certain group of people in a particular niche or a particular market location and get to a lot of the wrong people and waste an enormous amount of time just by doing that. So one of the things that we do with our clients is we look at, okay, what are the biggest leverage points that we can go after? Tackle those upfront so that our clients are able to get more done in less time and earn more money while they're doing it. Kevin: Okay. So I'm guessing there's multiple leverage points that you might refer to. How could a business owner identify where they need help? What leverage points are being underutilized or need to be transformed? David: A lot of it, you can figure it out based on what problems you're having. If you are interacting with a lot of poor quality prospects or clients, that's a pretty good indication that it has to do with your targeting. If you're getting to the right people --in other words, if you're getting to people who have the ability to spend a lot of money with you --and they're not converting, then you have to look at it and say, okay, well what am I doing wrong? What am I saying to these people that is getting them not to buy? And a lot of times, salespeople go into sales situations and they're just winging it. They're just saying the things that they normally say, or they're saying things that they think are likely to work. And if it works for you consistently, then that's great. You've probably got something that works. But if you find that you're interacting with a lot of the right people, but you're not closing those sales or you're not able to move the sales process forward fast enough. Like if it takes a lot longer to close your clients than it should, that's an indication that it's probably not related to the prospects at that point. It's probably related to what you're saying to them or the ways that you're saying it to them. Kevin: Can you share an example of a leverage point that when improved can have a dramatic effect on sales? David: Yeah. Well, it's really the things that we're talking about and things that we've talked about in previous podcasts. If you think in terms of the MVPs that we've discussed in the past, the MVPs of marketing and sales, what's the message that I'm communicating? If you've got an okay marketing message and you're communicating it to a high value prospect, you could really be wasting an opportunity. If you are reaching those high quality prospects using a combination of marketing vehicles that they're not happy with. If you just keep calling them on the phone and they don't want to take phone calls, then again,