Synopsis
Tips on how to increase sales, improve profit margins and grow your promotional products business on a guaranteed basis.
Episodes
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Can You Multiply Money in Your Business?
21/11/2023 Duration: 16minDavid: If you want to multiply money, it means you have to figure out the very specific steps that you need to take in order to make that happen. Hi and welcome to the podcast. In today's episode, co host Jay McFarland and I will discuss the topic, Can You Multiply Money? Welcome back, Jay. Jay: Hey David, of course you can. I have a tree in my backyard. Money grows on it and I just have to water it every year. What else do I need? David: Nice. No, that's great. You got a money tree. You're in great shape. When I think about the abilty to multiply money, I know that in the early stages of some of my businesses, and in the early stages of trying to figure out how to make them work, I was able to multiply money. But I was multiplying it by fractions, you know. So... If you multiply money by 0. 5, you now have half the money you started out with. So I think we're all able to multiply money. But, ideally, we want to multiply by whole numbers. Jay: Yeah, I agree, but we also subtract money. I'm not sure w
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4 Simplest Ways to Multiply Your Sales
14/11/2023 Duration: 05minReady to multiply your sales in the simplest way possible? In a recent podcast, I was talking about a client of ours who multiplied her gross sales from $250,000 to over a million dollars. And while many people are impressed with that sort of growth, others are, quite rightly, skeptical. How do you literally multiply your sales revenue in a relatively short period of time? The truth is, there are a LOT ot ways to do it. But let's focus on the simplest approach. The one that seems to work best for the majority of people in general, and certainly the majority of our clients. And it starts with maximizing revenue from your existing client base, while supplementing with new business. Simple right? In fact, it's the simplest! Easier to say, a little more challenging to do. But in a nutshell, here's how it works: Let's say you sold $250,000 to your existing client base over the course of the last year, but you feel confident that you could get those same people to spend $300,000, or maybe $350,000 or may
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Unleash the Power of Your Million Dollar Ideas
07/11/2023 Duration: 14minMillion dollar ideas are just the beginning. I remember the day that I got a phone call from her and she said, "Hey, we hit a million dollars in sales for this year. I'm really excited." it's a huge thing because when you're looking to grow like that -- when you're talking about multiplying your revenue in a relatively short period of time -- there are very specific things that have to happen. Most people don't know what those things are, and even if they do know what those things are, they don't take action on them consistently enough to make it happen. David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing million dollar ideas. Welcome back, Jay. Jay: Hey, thank you, David. I have to tell you, this is a running joke in my home that I constantly have million dollar ideas. But I never do anything about it. And so I'll have them.And then years later, my wife's like, you told me about that, you know, five years ago, why don't you do something about it? An
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Scary Issues for Business Owners & Salespeople
31/10/2023 Duration: 16minScary issues for business owners and salespeople often boil down to what you're trying to do versus what you're actually able to do. Those gaps are really the things that are going to make the biggest difference. And a lot of what we do with our clients is help them to identify, "all right, how can we help you plug these holes, overcome these fears, so that you can generate the revenue you need and the profit you need to have the business that you want to have." David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing scary issues for business owners and salespeople. Happy Halloween and welcome back, Jay. Jay: Yeah, Dave, it's great to be here with you again. And I love the Halloween theme. A lot of times starting out a new business can be very scary. But also, for me the biggest thing is the unknown and how do you plan for that? David: Yeah, that is a great one. It covers a lot of territory too, doesn't it? The unknown, because nearly everything that we
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Beating Inflation: Maintaining Profits Despite Higher Costs
24/10/2023 Duration: 13minBeating Inflation means you have to maintain profits, despite higher costs. In this area where I live in Pennsylvania, the cost of electricity has gone up probably 10 to 12%, just from one billing cycle to the next, because they said "we need more money. We’re jacking up the price." It’s like death by a thousand paper cuts. It’s the situation where you’ve got this little increase here and this little increase here and this little increase here. And you don’t realize it until you go to pay the bills and you look at the numbers at the end of the month. Wow. We’re generating the same sales or even more, but we’re not making as much money. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland and I will be discussing the idea of being profitable even with higher costs. Welcome back, Jay. Jay: Thank you so much, David. What an important topic. So many businesses are experiencing this right now. Their costs have gone up. Inflation is affecting everybody right now. So I love that yo
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The Truth About the Law of Attraction
17/10/2023 Duration: 12minThe truth about the law of attraction is different from the book and movie. If you're feeling frustrated in your business, ask yourself, you know, am I really clear on exactly what it is that I'm building here or the thing that I want to build here? And to the extent that it's not coming together, how's your vision? Are you very clear on what that means? David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing the truth about the Law of Attraction. Now, this applies to business, it applies to life. If you're familiar with the movie The Secret and the book The Secret, there's been a lot of talk about this concept, the Law of Attraction. It basically says that we attract into our lives the people and circumstances we need, based on essentially the vibes that we're putting out. Jay: Well, and I was just sitting here thinking, I must not be putting out very good vibes. David: I'm sure it's not that. But... I think sometimes when people get into this mindse
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Using ChatGPT to Grow Sales
10/10/2023 Duration: 12minOne of the real benefits of ChatGPT to grow sales for our clients is being able to utilize that technology to create something that will get you to be able to attract clients rather than having to chase them down yourself. David: Hi and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing using ChatGPT to grow your sales. Welcome back, Jay. Jay: Hey David, I'm really excited about this topic today. You know, I figured ChatGPT and AI is either going to help with your sales or it's going to become self aware and try to destroy us all. Hopefully it's Just the first one. David: Yeah, I agree. I don't know if we talked about this in a previous podcast, but whenever I'm using ChatGPT, I always make sure to say please and thank you. And the reason for that is I figure when the AI comes to take over and destroy all the humans, maybe they'll kill me last. I don't know if that'll work like that, but that's my thinking. Jay: Well, very important, but I'm blown away by this
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Your Process for Goal Achievement
03/10/2023 Duration: 14minYour process for goal achievement is key, because you're doing a lot behind the scenes before anyone even knows that you're alive. And so we're essentially moving from that -- being invisible and working hard behind the scenes -- to ideally, at some point, bursting on the scene and being recognized as a force in your marketplace. But none of that happens by accident and it doesn't just come from setting goals. It requires having those processes in place. David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing your process for goal achievement. Welcome back, Jay. Jay: Hey, David. Thank you. It's always a pleasure to be with you. I'm going to be brutally honest here. I'm really good at setting goals, but I'm not very good at mapping out how I'm going to accomplish those goals. I think it's good that I've taken that first step, and I kind of have a mental idea, but I never really go back and say, "yeah, I accomplished that thing." So I think I'm missing s
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Effective Follow-Up in Sales: How Much is Too Much?
26/09/2023 Duration: 14minWhen we talk about the idea of effective follow-up in sales, what does that mean? It’s effective in terms of making sure that we’re on the same page with the person, making sure that our conversations are moving forward, making sure that their questions are being answered, and ultimately getting to a decision. Are we going forward with this? Are we not? And if so, when is that going to happen? David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing effective follow-up. How much is too much? Welcome back, Jay. Jay: Thank you, David. Such an important question. And again, something that I struggle with. You know, I have a customer management system, and it shows me I talked to them three days ago. And it comes up on my tasks and it says it's time to talk to them. And I find every time I go through this emotional thing. Are they going to think I'm bugging them too soon? And a lot of times I'll say, let's give them three more days or let's give them two mo
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How to Create Desire in Sales
19/09/2023 Duration: 12minIf you want to create desire in sales, it has to be about them. Their wants, their needs. The things that they're looking to accomplish from the relationship, because that's where all their desire comes from. David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I will be discussing creating desire with your communication in sales. Welcome back, Jay. Jay: Hey, David. It's great to be here, as always. read this title and I've been thinking about it, but I'd love to hear your perspective up front. What do you mean creating desire with your communication? David: Well, I think if we're In the business of conveying value and providing products and ultimately selling something to someone else, the only way that happens is if there is enough desire created in the other person to make them want to move forward. Without the desire to move forward, it's never going to happen. It's kind of a funny word, particularly in sales. We tend not to use words like desire a whole lot. We ten
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Letting Ideal Clients Know You’re Alive
12/09/2023 Duration: 16minDavid: Even if we accept the idea that we're going to interact with people who are not ideal clients, I think one of the other things that causes salespeople trouble is when they're afraid to disqualify a prospect. To say, okay, I'm no longer going to follow up with this person. I've always viewed it a little like the game musical chairs that you played as a kid? You got a certain number of people going around, a certain number of chairs, and when the music stops, everybody scrambles to get a chair. And if you don't have a chair, you're out, right? And I view prospecting that way in some respects. Where you have to, at some point, start to prune the list. You have to start to get rid of the people who are not likely to become clients. And if you're afraid to do that, then you will continue to leave the same number of chairs and the same number of people. Jay: Yes. David: And if none of them are buying, it's not going to work well. David: Hi, and welcome to the podcast. In today's episode, co host Jay M
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How to Avoid Being a Pest in Sales
05/09/2023 Duration: 11minJay: I'm not lying when I tell you that I struggle with this idea that I'm being a pest in sales. So I think it'll help my sales, I think it'll help my daily attitude towards what I do. David: Well, I'll tell you something, Jay, many of the most conscientious human beings feel this way. I mean, if you're one of those sales guys who, "Hey, everybody loves me," you're not even going to think of that. It's never even going to occur to you. So the people who are most likely to struggle with this are people who just want to help. They're there to provide a service. Jay: Yeah. David: They don't want to be a pest. And so really, most of the people who feel this way are the ones who are least likely to be a pest because they're not arrogant to begin with. David: Hi, and welcome to the podcast in today's episode, co-host Jay McFarland, and I'll be discussing the topic of how to avoid being a pest in sales. Welcome back, Jay. Jay: Oh, thank you for having me, Dave. This is a real problem for me. I always feel l
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Where are Your Best Leads Coming From?
29/08/2023 Duration: 12minWhere are your best leads coming from? It's an important question, because if you don't know, then it's impossible to know where you can go to get more. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland and I will discuss the topic of where are your best leads coming from? Welcome back, Jay. Jay: Thank you. And I'm just going to answer the question. I don't know. (laughing) I'm just... David: Short podcast. Thanks for listening. Jay: Yeah, I'm just going to say it straight up. I mean, I do have some systems. We do try and use Google Analytics and things like that, and that helps a little bit. But I've never done a deep dive yet on this is the source, this is the well or the font of where my best leads have come from. So I'm looking forward to this discussion. David: This is really a good one to look at and to dive into a bit, because I've always maintained that if you don't know where your best leads are coming from, then you don't know where to go to get more of them,
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Increase the Value of Your Business
23/08/2023 Duration: 15minTo increase the value of your business, consider this: If your business burns down, you don't want that to happen, right? But if your business burns down and you've got whatever, desks and furniture and things like that, that stuff's all insured. You should be able to come back from that okay. But if your book of business burns down, right? If you still have all this overhead, but you don't have that book of business anymore, you are really in trouble. Because if you've got desks and you've got furniture, and you've got technology and everything, and you don't have the ability to sell to the people that you need to sell to, at that point, what's that really worth? All of that becomes overhead. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland, and I will be discussing building the value of your business. Welcome back Jay. Jay: Hey, I'm so glad to be here, David. And once again, you hit me with another term where I'm like, do I really know what the value of my business is
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How Do You Qualify Your Leads?
15/08/2023 Duration: 13minWhen you want to qualify your leads and you approach it from the standpoint of looking for relationships that are going to be mutually beneficial, then it does become a lot easier. Because it's not just about me saying, okay, I'm going to disqualify this person because of A, B, and C. If part of that equation is I don't feel like I can help them, then you're really acting with integrity. Because you're not wasting their time and you're not trying to sell them something that they can't use, don't need, don't want, can't afford. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland and I will be asking the question, how do you qualify your leads? Welcome back Jay. Jay: So great to be here, David. And another great important discussion for people in sales or any type of business. You know, we had this process in our company where we had set up a situation where, man, we were getting the phone to ring like crazy. We were getting leads. We were like so excited. And then we starte
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Creating Value in Your Communication
08/08/2023 Duration: 13minMost people don't consider the idea of creating value in their communication. So if you're doing this, obviously, you're not telling your customer "well, I'm here to create value in our communication," right? You're just doing it. You're adding value in the conversation. You're thinking about, "what can I say when I reach out to this person the next time to make this communication more interesting, more beneficial?" By doing that, you're going to create that in their brains and they're not even going to know why it's happening. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland, and I will be discussing creating high value communications. Welcome back, Jay. Jay: Hey, David, once again, great to be here with you as we talk again about a topic that I know in my business career, we probably haven't had this conversation a lot. Communication is just something that happens. And it may depend on whether you're old school or new school. Old school, we're just making phone calls a
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Are You Choosing Worthy Clients?
01/08/2023 Duration: 15minWhen you are choosing worthy clients and making decisions about whether or not a prospect is worthy of your time and attention, whether or not they're worthy of follow up, you are bound to make some mistakes in that process. And so when you do this, you have to recognize that some of that is going to come with the territory. You may make a wrong decision that will cost you some business down the line. So you have to weigh that against quality of life issues. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland, and I will be discussing choosing worthy clients. Welcome back, Jay. Jay: Hey, thank you, David. It's such a pleasure to be back on again. And once again, I love this topic. I feel like, personally in my experience, there is a tendency to believe that you have to take every client. And you know what? In some businesses that is true, you're going to take every customer who comes through the door. In other cases, you can be more selective and it could make your life a lo
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Maximize Profit with The Four Mores
25/07/2023 Duration: 17minThe idea of The Four Mores is to recognize that if you want to maximize profit but you're just focusing on bringing in more clients -- you are very likely missing out on 75% of the available profits that are going to come from these other three quadrants. Maximize Profit with The Four Mores David: Hi, and welcome to the podcast. Today, co-host Jay McFarland and I will be talking about The Four Mores: More clients, more money, more margin, more often. Great to see you again, Jay. Jay: Yeah, it's good to be here. And I feel like there's one more more, if you can get all of those. More happiness and more peace of mind, right? David: Yeah. That's true. There are more than four mores. Jay: Yes. Quadrant #1: More Clients David: I think that what we're thinking of here is that these four mores are designed to increase the value of our clients and increase the value of our businesses. A lot of times when people are thinking in terms of growing their sales and profits, they think in terms of the first more. The
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Get More Responses: Sequence Your Communication
18/07/2023 Duration: 15minThe best way to get more responses from your prospects and clients is to sequence your communication. If I've got a sequence in place that says, all right, when I get a lead from a networking function, what I'm going to do is I'm going to initially, either same day or next morning, send out this email message, which essentially says, "it was great meeting you at the networking function. Nice having a chance to talk." And then. you've got something that is said in that email that is designed to elicit a response. Some will initiate a dialogue, some of them won't. So from that point, if you don't hear back, you could have another one that goes out a couple of days later saying, Hey never heard back you on this, but something else occurred to me that I didn't mention and then you add something else to the conversation that could potentially be of interest to them. So you're not just hitting them with "call me, call me, call me, call me." You're actually creating value in the communication, which is also partic
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Achieving Goals Means More than Just Setting Them
12/07/2023 Duration: 15minAchieving goals is quite different than just setting them. So while the first step may be to set the goals you really want, then we have to prioritize our actions from high to low. What is the most important thing that I need to do in order to get there? Because generally, you can come up with a dozen or a hundred different things that you're going to need to do to reach your goals. But there's probably one to three things on there that are going to be more important than the other 97. David: Hi, and welcome to the podcast. In today's episode, co-host Jay McFarland and I will be discussing achieving your goals. Welcome back, Jay. Jay: Hey, so glad to be here, David, and once again, I'm looking forward to this discussion. We hear people talk about goals all the time, and I know for me it's something that I struggle with because what will happen is I'll set those goals. I really haven't defined how I'm going to get there, and then when I don't achieve them, it becomes something that deflates me. So I thi