The Fastest And Least Expensive Way To Double Your Sales

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0:56hello and welcome to another episode of the duct tape marketing podcast this is john chance my guest today is amanda holmes she is the ceo of chet holmes international which has worked with over 250 000 businesses worldwide at age 24 she inherited her father's multi-million dollar enterprise, which specializes in helping companies double their sales. A lot of their works based on the bestselling book, The Ultimate Sales Machine, of which they have a new edition coming out. Amanda's name will be all over the new edition as well. And she has merged her father's proven process with her own forward thinking ideas to connect the old school sales process with hybrid online and offline instant gratification and short attention span that we see in Consumers Today.

1:45So Amanda, welcome back to the show. Thank you so much, John. You know, it means so much to me that you interviewed my father and then you interviewed me so many years ago and here we are again. It just, it means a lot. Not a lot of people interviewed my father either. I was going to say, I might be one of the few podcasters who has interviewed you both. Yes, I have never heard it from anybody else and I've done hundreds of interviews. So you are the only one. That's funny. That was about 29, 2009, 2010, something like that maybe. And podcasting was in its infancy at the time, but somehow I've stuck with it.

2:24So we also have another shared connection. My daughter has actually worked for me for about 12 years. She is our chief operating officer. So I really kind of have to go there. You didn't work in the business as a family member, right? You really brought, came into the business. I would have to think in some ways that was a pretty tall order. In fact, I think you were studying music in college and, you know, not necessarily preparing for a career as a CEO, right? So what's it, I guess I was going to ask you what's like working with family, but that's not really, it wasn't really your experience.

3:00So what was it like really? And I know you've told this story many times. What was it like basically being thrust into an ongoing organization, but as a family member? Yes. Well, it was hard because me and my father were very close. I was actually born on his birthday. We share the same birthday, February 13th. And it was as if just the stars aligned. And so losing him was like losing air. It was like, I didn't know where up was or down was. I couldn't eat. I couldn't sleep. So getting all of that, well, at the same time, like I can remember just days after his funeral. And the only reason why I remember that, because all that time is such a blur, but I just remember all of these flowers around my room from his funeral.

3:47And I was sitting there and they had just sent me the P &L of all the companies. And it was the first time I'd ever seen it. And it just felt like this P &L was never ending. I kept scrolling and scrawling and I just broke down. It was like, how, how is this possible that, so my father battled with cancer for a year and a half before he passed and he spent 352 nights in the hospital and never once did he spend it alone. So it was me, my mom and my brother, we just, we rotated spending all-nighters with him. So I spent easily a hundred all-nighters with my father in the hospital, never once did he say, hey, Amanda, let me explain to you what my businesses are.

4:32Let me explain to you who runs them. Let me tell you about where I'd like this to go. We never had that dialogue and there was time. And I speak on that because I think it's critical that more parents take responsibility for the fact that there are other people that if you leave this world without a plan, you're hindering them. So I do talk on that every once in a while. But so it was utterly shocking. And it really is. I look back and I think it's a miracle that we're here today based on the fact that, right, I knew nothing. I was trying to get over the loss of my father while a couple hundred staff, you know, this crazy enterprise.

5:14guys. But here we are, I stepped in and it took me two years to step in because it just looked like this is crazy talk. I don't know why I ever would. But then over time, I fell in love with our clients. I recognized that there was something that was really beautiful about what my father had built and it could be carried on. It just needed that heart in the center of it to make it all work. And yeah, I increased our leads by 1176%. The first year I stepped in and doubled our coaching clients multiple years in a row. And this year we're up over 300 % and that's without the book releasing just yet.

5:51So it's a lot of wonderful things. My father had a great system and a great framework for how to grow organizations. And I had to learn it from his books and his training programs instead of him explaining it to me. But nonetheless, I think I'm probably one his greatest success stories just because of that right what was hard for you i mean you you you obviously made some changes you know what was hard for you to change i mean not necessarily resistance but just really hard for you to even wrap your head around changing so we had never processed an order online my father was very strict around you know every sale should come from a salesperson having a conversation either over the phone or in person.

6:39So I can remember the first time that I put some pricing online and I took a moment and it was like, I'm so sorry, dad. I know you said this, but times have changed and I have to do it. I have to put some of our stuff online. So that was a big, that was a big turning point and learning how to do digital marketing was critical and selling things online. And then also a huge change was for me, the people that I surround myself with, a lot of them were very different than who my father surrounded himself with. So I find that the culture that he thrived in is different than the culture that I thrive in and making that distinction, because at first it was anybody that my father respected, ultimately they would say, well, your father said I was the best in the planet on this.

7:30And I'd go, okay. And I'd put them up on this pedestal of who was the best, right? Because my father said he was the best, even though I started realizing that everyone said that my father said they were the best. So then I started reading through his emails to try and figure out what he really thought of them. That was a way that I would find out. And then the next level was, okay, just because my father said he was the best, now I have to discern, is this somebody that I can work with? And there were quite a few of them that did not work with me very well. And that's okay. It's just a little bit of a different modus operandi, but still the strategies are the same.

8:06So it was interesting to see that culture shift. So shifting gears a little bit to maybe a more positive, less of a challenge. What's been the most fun for you? The marketing and sales part. Oh my gosh. You'll appreciate this, John. So I just, you know i'm in this whole book tour thing going on right now i just went to all these different trade shows i spoke at hubspot's inbound that's where i saw that you're in hubspot network congratulations on that that's awesome so i went there with a four foot billboard strapped to my back because i was looking for a way for people my father teaches the first thing you need in a trade show is to get noticed and i was googling like oh maybe we'll do a backpack and we'll design a backpack or something.

8:52And then I found, I typed in human billboard and this huge thing, it's a backpack like straps, but it's, and it lights up, it glows like a billboard sign. So I've been walking through all these trade shows with this four foot billboard on my back. I call her Bessie now because I'm very fond of her. And on the last day of traffic and conversion, actually, they shut me down because I was creating such a buzz and generating so many sales that the The sponsors, the booths, we're getting jealous. But that's been a blast. And just being really creative about ways to get attention and then converting that attention into sales and leads and sales.

9:35That's a ton of fun for me. Would you say that you're, and I know this is going to sound sort of stereotypical, but would you say that your music background, your arts background has brought a level of creativity that maybe didn't exist? Absolutely. So the new edition of the book, the foreword, instead of saying, dear reader, I instead said, dear dad. And that was something that Julianne Eason, my book coach at the time, had suggested I do. And when I wrote it, everyone that read that majority of grown men that read it would cry reading it. And they thought they, out of all the, every page, every sentence, I made sure that it was some way to double sales, but that letter to my dad, everyone said, lead with that.

10:26Cause that's going to touch more people than just doubling sales techniques. And I put that into a video actually. And that's been what I've been using to promote the book. So to me, that video is a music video. I wrote the lyrics, even though I'm not singing them, they're written, but everything that I had as a songwriter, I put into that video. To me, that's the single that came out with this new edition of the book, which is kind of funny to think about, but man, it is hitting people in a completely different way that I never expected. And it was the most nerve wracking thing on the planet to put that thing out.

11:03I really thought that I didn't think that people would like it, but everybody kept saying, I love it. I love it. You should put that out. And it's been such a loving response. So yeah, that songwriter in me, I think helped. And now a word from our sponsor. Hey, are you sick and tired of wasting your precious time on tedious tasks like pulling reports, rewriting blog posts, and trying to personalize countless prospecting emails? Well, say no more because I've got some new AI tools that are going to blow your mind. Introducing HubSpot's newest AI tools, Content Assistant and ChatSpot. Content Assistant uses the power of OpenAI's GPT-3 model to help you create content outlines, outreach emails, and even web page copy in just seconds.

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12:42Charge a premium for your services and scale, perhaps without adding overhead. And here's the best part. You can license this entire system for your agency by simply participating in an upcoming agency certification intensive. Look, why create the wheel? Use a set of tools that took us over 20 years to create, and you can have them today. Check it out at dtm.world slash certification. That's dtm.world slash certification. Describe who CHI, Chet Holmes International, works with. Who's your typical client? Yes. Okay, I'll answer that by asking you a question. And you probably know the answer to this.

13:26What percentage of businesses do you think make it to a million in annual sales? You know, I don't know the exact answer other than it's relatively small. Yeah, if you had to guess. I would say 9%. Okay, that's close. That's close. 5 % of companies make it to a million. Of that, 0.08 % make it to 5 million. Of that, 1.5 % make it to 10 million, so it gets a little bit better. Then 0.004 % make it to 100 million and beyond. So what we teach is how to get from a million to five, from 5 million to 10, from 10 million to 100 million and beyond, because it's actually not about our product or service, which majority of entrepreneurs think, yes, if I just tweak this a little bit more, then I'll get more, right?

14:15If that was true, McDonald's wouldn't be the number one grossing hamburger joint in the world, right? It's a terrible burger. Skills it takes to grow the business and skills can be developed. So we assist entrepreneurs to grow from that one to five, from five to 10, from 10 to 100 million and beyond. One of the core concepts, I have actually not seen what you've done in the second edition yet, but certainly in the first edition, and I know it's a core concept of your coaching, is this concept of the Dream 100. I wonder if you could kind of describe that because I know that's a biggie for you. Yes, it's the fastest, least expensive way to double sales.

14:52This one strategy has doubled the sales of more companies than any other. My father invented it working for billionaire Charlie Munger, co-chairman of Berkshire Hathaway. So he doubled the sales of nine different companies for Charlie, all within 12 to 15 months, and several of them multiple years consecutively. So he realized that he had a system for doubling sales, and it went something like this. So he was given a list of 2 ,200 potential prospects, and they said, okay, go cold call these 2 ,200. But when he did some research, he realized that only 167 of them purchased 95 % of the space. So instead of going after 2200, he led an intensive dream 100 to just those 167.

15:34Now, it being in their face, in their place, in their space, what can we do to provide the most value for them? For him, back then, it was direct mail, cold calling, and faxing. So twice a month, he was doing direct mail. Four times a month, he was cold calling and following up with a fax and an email every once in a while. And he did that for months. For the first four months, he got nothing, which talked around the office like, what is this? Why is this expert in sales? And he hasn't generated a thing. But in the sixth month, he closed the largest contract that the industry had ever seen. And then subsequently after that, doubled and doubled and doubled.

16:09Now, so by definition, there's always a smaller number of better buyers than there are all buyers. That means that marketing and selling to them is cheaper than marketing and selling to all buyers. And I've even, as I look at this and what you'll see in the new edition is so many people get, they see the dream 100 and they go, oh my gosh, how do I do direct mail? How can I make this work with direct mail? And how do I get a hundred people on my list? You're missing the point if you're super focused on just those two things, because we have so many marketing mediums in our use today. I show how I used a dream one.

16:46I focused on one potential dream client, and I followed up with them every single day using social media. Every time they post something on social, I'd comment with something of value. Every time they posted another thing, I'd add another piece of value and another comment and another. For every single day for three months, I commented on every single thing that this person said. And three months in, they came back to me and said, Hey, I'd like to buy 650 books of the ultimate sales machine. I'm still reaping the benefits of that three months of pigheaded discipline and determination. Today, they bought another thousand books.

17:20It's actually, it was the CEO of ClickFunnels. So Dave Woodward, I did this with. So the point is it's about picking who's one person that could completely change your world. And then can you multiply that even by, you could have four, you could have 10. I'm calling it the target 12. It doesn't have to be 100, right? The whole point is just to get laser focused and follow up with pigheaded discipline and determination, whichever medium that may be. If you want to use direct mail, that's great because it will land because nobody's doing direct mail, right? But if you want to do it on Instagram DMs, that's where I did it to get that client, right?

17:58It could be on LinkedIn. It could be on voice drops on cell phones, right? Or all of them, right? Or all of them, right? Yeah. If you only have 100, right? And you're sending, If you're doing Facebook ads to them, if you're sending them text messages, if you're arriving at their door, they're like, you are everywhere. It's like, yeah, I'm only everywhere to the select 10 or select 100. So they're just amazed, right? Yeah, and I think what's so important about that lesson is you can now afford to spend money and time and energy that is going to just swap what anybody else is doing to that same person because they're spraying it 10 ,000 people at a time.

18:38Absolutely. We had a client, so I've created these boot camps and a client went through the boot camp. They went after four people that had already said no to their services. It was a hard no. I'm definitely not interested. And then he led with an education to those four. After he gave the presentation of an education, he closed$8.4 million worth of sales in just six weeks. Six weeks. And the average sales rep would sell$8 million in an entire year. He did it in six weeks because he targeted his dream. He only needed four, dream four to generate 8.4 million. So one of the challenges, you kind of alluded to this.

19:21We're so focused on digital right now. You have yourselves firmly in what you're calling old school processes, but they really, in some ways, some of the old school processes are working better than ever, aren't they? Absolutely. I mean, take what I just did at trade shows. It's shocking how many people at trade shows have no idea how to have a face-to-face conversation. I'd walk up to a booth and 90 % of them had no idea how to start asking questions. You know, I'd ask, what do you do? And they have no idea. They look starstruck like, what? You're talking to me in real life. I don't know what to do.

20:00it's so bizarre how we've lost the frameworks and the basic foundational principles. Everyone thought, oh, a billboard. Yeah, that's brilliant. But then I also had a QR code there so that I could collect people that were taking pictures anyways. The first few days they were taking pictures of me because they thought it was hysterical, but then they didn't realize that now I'm converting them because they're clicking on that. I'm getting their email and then they're buying. So it's blending of the two. My funnel online got me the sales, but me walking around with a four foot billboard on my back in a trade show got the attention in the press.

20:34And now I've taken video that I got from influencers in the space that were recording me because they thought it was hilarious. And I'm using that in my ads and I'm repurposing it. Right. So there's so many different ways that I think in person, too. I was just at a mastermind with Grant Cardone two weeks ago, and there were 80 people in the room, all of which would have loved to talk to Grant Cardone. He walked out of the room and nobody followed him. And I'm looking around the room going, are you kidding me? That's a billionaire. I'd love to talk to Grant Cardone. Why not? So I run out there and I start to have a dialogue with him.

21:05It's like it's as if we only can communicate through a text or on right in a social media aspect. He was right there living, breathing. And I handed him the book and I said, you should watch Dear Dad. It'll make you cry. I'll send you a book. And he's like, I will definitely cry from that. I'm sure I will. I love that. Thank you. Amanda, thanks for dropping by the Duct Tape Marketing Podcast. Tell people where they can find all the work that you're doing and certainly get a copy of the new book or the revised, updated, fully updated book. Yes. Ultimatesalesmachine.com is where everybody can pick up the book.

21:41It'll give you a bunch of extra bonuses that you wouldn't get on Amazon. And then if you want to online, I'm a lot of different places, but I spend more of my time on Instagram. My name, Amanda Holmes was taken. So I'd use my salsa name, Amanda Holmes. So you can find me on Instagram at Amanda Holmes. All right, awesome. Well, great having you back on the show again. And hopefully we'll run into you again one of these days out there on the road. Thank you, John. It was such a blessing. Hey, and one final thing before you go, you know how I talk about marketing strategy, strategy before tactics.

22:15Well, sometimes it can be hard to understand where you stand in that, what needs to be done with regard to creating a marketing strategy. So we created a free tool for you. It's called the Marketing Strategy Assessment. You can find it at marketingassessment.co, not.com,.co. Check out our free marketing assessment and learn where you are with your strategy today. That's just marketingassessment.co. I'd love to chat with you about the results that you get.