In this episode, Dwayne Kerrigan hosts Todd Hartley, the CEO of Wirebuzz, on the crucial psychological needs of buyers—clarity, credibility, and collaboration—and their impact on sales. They delve into practical strategies, case studies, and the importance of pricing transparency. The discussion highlights how video marketing has evolved, especially post-COVID-19, and explores the transformative role of AI in enhancing sales growth and retention. Todd addresses common sales issues, such as no-shows and ghosting, proposing AI-driven solutions while stressing the balance between automation and personalization. Todd kindly offers listeners a 60-day free trial of his video selling tool, Clarity.
Free Offer https://clarity.video/TH
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Time Stamps:
00:00 Introduction to Psychological Needs in Sales
00:47 Meet Todd Hartley: Digital Marketing Expert
03:49 The Power of Video in Sales
06:38 Todd's Journey and Innovations
12:23 Overcoming Sales Challenges with Video
32:44 The Five Zones of Influence
43:50 The Emotional Side of Time Management
44:35 Connecting Buyers to Their Emotions
45:13 The Importance of Clarity in Sales
48:21 Understanding Persona Groups
50:43 Creating Effective Journey Pages
57:46 The Momentum Method: Five Steps to Success
01:03:32 The Power of Pricing Transparency
01:11:47 Leveraging Video for Client Retention
01:15:23 The Future of Sales with AI
01:23:12 Conclusion and Final Thoughts
Takeaways:
Three Psychological Needs of Buyers:
- Buyers need clarity about their problems and solutions.
- Buyers need to know your credibility.
- Buyers need to collaborate with their team to make decisions.
Importance of Using Video:
- Video helps in transferring knowledge effectively and visually.
- Video messages are significantly more likely to result in sales compared to written messages.
- Using video can enhance engagement and improve sales closing rates.
Altruistic Persuasion:
- Persuasion should be done for the best interest of the prospect, not for manipulating them.
- Establishing trust and showing genuine intent to help can create stronger relationships with prospects.
Examples of Success with Video Marketing:
- Todd shared his experiences about how personalized video messages improved his business’s conversion rates.
- His strategies also significantly boosted sales for high-profile clients like Tony Robbins’ companies.
Innovative Sales Strategies:
- Adopting new technologies and strategies, such as video selling, can set businesses apart and lead to substantial growth.
- Comfort is the enemy of growth, and businesses need to continuously innovate and adapt to new marketing techniques.
Zones of Influence in Marketing and Sales:
- Zone 1: Discovery – How potential customers find you includes social media, referrals, ads, etc.
- Zone 2: Journey Pages – Websites that take visitors on a journey and lead them to take action.
- Zone 3: Sales Strategies – Video follow-ups and personalized engagement.
- Zone 4: Customer Support – Using videos to support and upsell existing customers.
- Zone 5: Internal Training – Using videos to train teams and ensure consistent messaging.
Momentum Method:
- Five steps to move prospects through journey pages towards a sale:
- Address what the target audience cares about.
- Identify the real problem or desire without mentioning your solution.
- Explain why competitor options are inferior.
- Present why your solution is the best.
- Answer frequently asked questions to facilitate the action step.
Pricing Transparency:
- Providing rough pricing can prevent prospects from abandoning your page to seek information elsewhere.
- Transparency with pricing builds trust and eliminates sticker shock.
Retention and Upselling:
- Focus on retaining clients and upselling them through continuous engagement and support using videos.
Impact of AI:
- AI can improve various aspects of the sales process, such as reducing no-shows and handling cold outreach.
- However, personal touch and human connection remain critical in sales.
Connect with Dwayne Kerrigan
Linked In: https://www.linkedin.com/in/dwayne-kerrigan-998113281/ Facebook: https://www.facebook.com/businessofdoingbusinessdk Instagram: https://www.instagram.com/thebusinessofdoingbusinessdk/
Disclaimer The views, information, or opinions expressed by guests during The Business of Doing Business are solely those of the individuals involved and do not necessarily represent those of Dwayne Kerrigan and his affiliates. Dwayne Kerrigan or The Business of Doing Business is not responsible for and does not verify the accuracy of any of the information contained in the podcast series. The primary purpose of this podcast is to educate and inform. Listeners are advised to consult with a qualified professional or specialist before making any decisions based on the content of this podcast.
