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Identifying your Best Process—the most effective and predictable method for converting leads into customers.
The 5-Point Scoring SystemTo find your best sales process, list every method you have used to sell products and rate them from 1 to 5 based on these criteria:
Net Profit: How much actual profit remains after paying affiliates, refunds, and expenses?
Ease of Entry: How easy is it to get a prospect to say "yes" to starting the process?
Goodwill: Does the process provide value and make people like you more, even if they don’t buy?
Sustainability: Can the process be automated, replicated, or performed consistently without burning out?
Energizing: Does the process give you energy to perform, or does it drain you?
The One Big Thing: Success comes from finding one big process and leveraging it, rather than doing a million different things.
Goodwill Equals Revenue: Your total revenue is in direct proportion to the amount of goodwill you have created with your prospects.
Value in Advance: Helping people before they pay you increases the likelihood of them doing business with you long-term.
This episode completes the foundational series for business growth:
Best Payday: The most profitable and energizing thing you sell.
Best Buyer: The ideal person most likely to buy that product.
Best Bait: The content used to attract the Best Buyer.
Best Process: The method used to convert those leads into sales.
By Frank Kern5
66 ratings
Identifying your Best Process—the most effective and predictable method for converting leads into customers.
The 5-Point Scoring SystemTo find your best sales process, list every method you have used to sell products and rate them from 1 to 5 based on these criteria:
Net Profit: How much actual profit remains after paying affiliates, refunds, and expenses?
Ease of Entry: How easy is it to get a prospect to say "yes" to starting the process?
Goodwill: Does the process provide value and make people like you more, even if they don’t buy?
Sustainability: Can the process be automated, replicated, or performed consistently without burning out?
Energizing: Does the process give you energy to perform, or does it drain you?
The One Big Thing: Success comes from finding one big process and leveraging it, rather than doing a million different things.
Goodwill Equals Revenue: Your total revenue is in direct proportion to the amount of goodwill you have created with your prospects.
Value in Advance: Helping people before they pay you increases the likelihood of them doing business with you long-term.
This episode completes the foundational series for business growth:
Best Payday: The most profitable and energizing thing you sell.
Best Buyer: The ideal person most likely to buy that product.
Best Bait: The content used to attract the Best Buyer.
Best Process: The method used to convert those leads into sales.