Boost Your Conversion Rate: Sales Process, Guarantees & Tracking Leads (Lead Conversion, Business Tips, Sales Funnel, Client Conversion)
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Eric Knam and Greg Sutmiller dive deep into one of the most critical topics for every business owner: Conversion Rate. You work hard to get a prospect into your funnel—now it's time to make them commit!
In this episode, Eric and Greg break down the conversion process, from the initial conversation to long-term client success. Learn the difference between a warm and a cold lead, why being available is a non-negotiable step, and how you can eliminate a client's fear of buying using a clever guarantee. Plus, hear Greg's personal story of how Eric's multi-step value process turned him from a curious visitor into a long-term coaching client!
They also stress the often-neglected importance of tracking and measuring your conversion rate to maximize your efforts and stop leaving money on the table.
Key Takeaways You'll Get:
- How to structure a sales process that leads directly to commitment.
- The essential first question to ask every potential client.
- The difference between a transactional conversion and true long-term success.
- Why the simple act of answering your phone can be your biggest competitive advantage.
- Creative ways to use guarantees to eliminate the fear of investment.
- How to test and measure your funnel to pinpoint where you are losing prospects.
⏱️ Episode Timestamps:
0:00 - 0:29: Introduction: From Lead to Commitment (The Conversion)
0:29 - 1:53: Understanding Conversion Rate & The Sales Process
1:53 - 2:38: Starting the Conversion: Asking "Why are you here?"
2:38 - 3:45: Readiness to Commit & The Logistical Barriers
3:45 - 5:29: The Two Types of Conversion: Initial vs. Long-Term Success
5:29 - 8:44: Cold Leads vs. Warm Leads & Multi-Step Conversion Funnels
8:44 - 10:29: Key Conversion Factor: Answering the Phone & Availability
10:29 - 12:00: Following Up on Bids (Open Bids) and Sales System Gaps
12:00 - 15:47: The Power of Providing Value for Free (The Lunch Offer Example)
15:47 - 18:03: Defining Your Unique Selling Proposition (USP) & Weaknesses
18:03 - 19:43: Creating a Confident Guarantee to Eliminate Fear of Buying
19:43 - 22:42: The Importance of Tracking & Measuring Your Conversion Rate
22:42 - 23:40: Final Takeaways & Conclusion