Sales Advisory Notes: Lead Qualification & Marketing

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Questions and Answers

What is another term used for audience of buyers?

  • Target Market
  • Ideal Customer Profile
  • Customer Persona
  • All of the above (correct)

A company with three employees is not considered a potential client.

False (B)

What are the geographic locations of focus for the company at the time of recording?

Australia and New Zealand

According to the video, ExitOS has ______ components.

<p>four</p> Signup and view all the answers

Match the exit types with their correct descriptions:

<p>Mayday Exit = Ability to stop working on the tools during the day Hayday Exit = Build the business to a place that allows you to take a four-week holiday Payday Exit = Sell the business for a life-changing amount of money</p> Signup and view all the answers

What is the duration of the Exit Accelerator program?

<p>12 weeks (B)</p> Signup and view all the answers

The company focuses on jumpstarting new business ideas.

<p>False (B)</p> Signup and view all the answers

What is the name of the unique onboarding process?

<p>launch process</p> Signup and view all the answers

The common thread for member success is ______.

<p>ExitOS</p> Signup and view all the answers

Match the employee role with what activities they do:

<p>Head of Coaching = Oversees coaching strategies and program effectiveness. Performance Managers = Provide one-on-one support to members.</p> Signup and view all the answers

What is a key characteristic of a 'perfect' lead?

<p>Revenue between $1.5 - $100 million (C)</p> Signup and view all the answers

The company's services are designed to support businesses with a fully built-out leadership team.

<p>False (B)</p> Signup and view all the answers

What is the initial step that members undertake in the onboarding process?

<p>member's audit</p> Signup and view all the answers

One of the three unique things is they take an ______ perspective.

<p>owner's</p> Signup and view all the answers

Match the ranges:

<p>Good Lead Revenue = $1.5 million to $5 million Good Lead Team Size = 10 to 100 employees</p> Signup and view all the answers

What is the primary goal of the company's services, in terms of the business owner?

<p>Get the business owner out of the business (D)</p> Signup and view all the answers

According to the video, the company only works with the business owner and not their team.

<p>False (B)</p> Signup and view all the answers

What is the name of the report produced from the member's audit?

<p>report</p> Signup and view all the answers

The members transition to premium support with two live member ______ per week.

<p>calls</p> Signup and view all the answers

Match the program goals:

<p>Solve the Time Problem = Free up business owner's time Solve the Money Problem = Increase Revenue Solve the Team Problem = Find and grow the talent on the team</p> Signup and view all the answers

What factor makes bringing someone on difficult?

<p>Someone is a general manager. (C)</p> Signup and view all the answers

According to the video, someone wanting everything set up before their team joins is a bad thing.

<p>False (B)</p> Signup and view all the answers

How many minutes a week can you work if you have a Hayday exit?

<p>90</p> Signup and view all the answers

According to the video, the coaching team consists of a head of ______ as well as performance managers.

<p>coaching</p> Signup and view all the answers

Match the definition to the term:

<p>red flag = indication to the level of attention needed</p> Signup and view all the answers

Which of the following is a characteristic of a Mayday exit?

<p>Having a job where you can't take time off (C)</p> Signup and view all the answers

The team customizes their plan before the audit.

<p>False (B)</p> Signup and view all the answers

What kind of exit do most people want?

<p>Hayday</p> Signup and view all the answers

The Facebook community is moving into a ______ community.

<p>WhatsApp</p> Signup and view all the answers

Match the traits to ExitOS:

<p>ExitOS = Common thread to member success.</p> Signup and view all the answers

What is the name of the 12-week program?

<p>Exit Accelerator (D)</p> Signup and view all the answers

The company is not purpose driven.

<p>False (B)</p> Signup and view all the answers

What is the website call that has its training, content and assets?

<p>Exit Hub</p> Signup and view all the answers

The common thread for members is ______.

<p>success</p> Signup and view all the answers

Match the descriptions to exiting:

<p>Payday Exit = sell the business for a life-changing amount of money</p> Signup and view all the answers

What is the promise?

<p>It's going to be harder, slower, and more stressful without us (D)</p> Signup and view all the answers

Everything is designed to help employees for the company

<p>False (B)</p> Signup and view all the answers

The unique way that we work is by [blank] every member's journey.

<p>customize</p> Signup and view all the answers

The ______ managers' roles is to work with everyone.

<p>performance</p> Signup and view all the answers

Match the amounts:

<p>Bad Lead = Under a million dollars</p> Signup and view all the answers

Flashcards

Audience of Buyers

Individuals or businesses with a demonstrated need and capacity to purchase your product or service.

What Defines a Bad Lead?

A business with less than $1 million in revenue, under five team members, or has a strong existing management team.

What Defines a Good Lead?

A business that generates between $1.5 - $5 million in revenue and has 10-100 team members.

What Defines a Perfect Lead?

A business with $1.5 - $100 million in revenue, 15+ team members, and department heads in place.

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Exit Accelerator Program

Current offering is a 12-week program designed to help business owners exit in 500 days or less.

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Product-Market Fit

A business that has an existing and accepted product in the market.

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Referable Business

A business where customers successfully refer business.

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Decision Maker

A business where the founder, business owner, or manager of the company is involved.

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ExitOS

The four components that allow us to achieve the outcome that we're after.

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Mayday Exit

The ability to stop working on the tools in the day and invoicing at night.

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Hayday Exit

Build the business to a place that allows you to take a four-week holiday, no phone, no laptop, come back to a business in epic shape.

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Payday Exit

Sell the business for a life-changing amount of money.

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Customized Member's Journey

Customized path for each member based on what they need to achieve their goals, as every company comes in in a slightly different place.

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Launch Process

Unique onboarding process where members complete a member's audit, which will break it down into ExitOS, then spit out a report to grab, have a look and then scheduled time to go through it one-on-one.

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Member's Audit

Audit to breakdown ExitOS and spit out a report to customize the members plans.

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Launch Call

A call to get them clear on what they need to be doing.

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Next Right Thing

What is the next right thing that you need to work on to remove the biggest bottlenecks, to remove the most immediate issues.

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Premium Support

Two live member calls per week, these are group member calls, access to the community.

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Performance Managers

A point of contact that members have, who is part concierge, part kick-up the ass.

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Exit Hub

All the training, all the content, all the assets, all the resources, everything that they need to plug into their business so that they don't have to sort of reinvent the wheel.

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Study Notes

  • These notes cover the current offer sold by the advisory team, marketing foundations, lead qualification, product market fit, the ExitOS process, and the 12-week Exit Accelerator program.

Marketing Foundations: Audience of Buyers

  • Instead of using terms like "avatar" or "target market," the focus is on identifying the "audience of buyers."
  • A basic profile includes teams with five or more people, generating a million or more in revenue, and operating in Australia and New Zealand.

Lead Qualification

  • Bad leads include companies with under $1 million in revenue, fewer than five team members, or very strong existing management.
  • Companies with a full leadership team already in place may not benefit as much from the consulting services.
  • Good leads generate $1.5 to $5 million in revenue and have 10 to 100 team members.
  • Ideal leads generate $1.5 to $100 million in revenue, have 15+ team members, and have department heads in place.
  • General managers who aren't founders/owners are typically not good leads because it's necessary to secure buy-in from the CEO

Product Market Fit

  • It's important to work with companies that already have a proven product in the market, rather than trying to jumpstart an idea.
  • A key indicator of product market fit is whether current customers successfully refer new business.

Proven Process: ExitOS

  • The 4 components of ExitOS enables achievement of desired outcomes and has additional training.
  • The promise of ExitOS means business operations will be harder, slower, and more stressful without it.
  • The unique features include getting the business owner out of the day-to-day operations, taking an owner's perspective in decision-making, and bringing the team along for growth.

Current Pitch: 12-Week Program

  • The program aims to help business owners exit in 500 days or less, offering three exit scenarios: Mayday, Hayday, and Payday.
  • Mayday: Allows owners to stop working "on the tools" daily, provides good money and some freedom, but remains a job.
  • Hayday: Enables a four-week holiday without work disruptions, allows running the business in 90 minutes a week, and establishes a cash cow for time and money freedom.
  • Payday: Selling the business for a life-changing amount of money.
  • The common thread for member success is ExitOS.

Exit Accelerator Program

  • The Exit Accelerator program is a 12-week program with a customized approach for each member.
  • Members go through a launch sequence, beginning with a member's audit to assess the four ExitOS components.
  • Based on the audit report, a customized plan is created during a one-on-one session.
  • The focus is on identifying the "next right thing" to address immediate issues such as time, money, or team problems.
  • Transition to premium support, including two live member calls per week, and access to a community platform to remove bottlenecks

Program Components

  • Members Audit: Assesses the business across key areas to identify the most pressing needs.
  • Two Live Member Calls Per Week: Group coaching calls and access to the community, which is transitioning to WhatsApp from Facebook.
  • Performance Managers: Dedicated one-on-one support to help members achieve their goals and upgrade for more time with the team.
  • Exit Hub: Centralized location for all training, content, assets, and resources needed to implement changes in the business.

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