Episode – 2014 – Sales as a Duplicatable Science (John Hicks from Dave Yoho Associates)
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Companies fall roughly into thirds: no documented system, an intentional step-based system, and a 'cobbled together' system (a game of telephone as reps move job to job); charismatic reps who treat sales as art are usually poor trainers.
Dave Yoho treats sales as a science so it can be taught and duplicated, they can take someone with little sales experience and make them successful; the number of steps (5, 7, or 10) matters less than actually following it.
With loaded lead cost (all marketing divided by set appointments) now north of $600 (sometimes ~$1,000), a sub-20% close rate means you're burning money; getting a team to close just one more sale a week transforms the math.
Their seven 'commitments': agenda (right people, right time), need, trust, customized solution (product demo), value, action now, and follow-up; each is a confirmed commitment from the homeowner.
Top three reasons a sale is lost, in ascending order: (3) never controlling the timing/conditions of the visit, (2) never establishing need, and (1) how you present the price, so make buying easy with every financing option baked in.
80% of homeowners say no four times before yes, but 92% of reps give up after the first couple of no's; use tools like the 1-to-10 close and project restructuring rather than defaulting to dropping the price.
Referrals close ~80% of the time because trust is pre-built; most reps simply never ask, so create a tangible referral offer, an elevator pitch, revisit the installation, and canvass the 3-mile radius of same-age homes.
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