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3 Common Consulting Proposal Mistakes And How to Fix Them #32

June 8, 2022

3 Common Consulting Proposal Mistakes And How to Fix Them #32

Proposals are up until now still used quite often, especially in B2B deals. A very common problem that most consultants and experts make is that they spent hours and hours working on the perfect proposal and when they sent it out... they hear nothing back. In today's episode, I'll talk about the 3 common mistakes that cause this and how to fix them. Listen to this episode to create effective proposals and close more deals.

Timestamps:

[0:26] Do you want to turn your passion, expertise, and experience into an income stream? You can use the platform Dan Lok is using.
[1:34] Have you made this same mistake Dan Lok has experienced before?
[2:37] Are you making your proposal too complicated? Find out here.
[3:26] Here is why you are using your proposal wrong and how you can use it properly.
[4:35] Do you send a proposal according to what you want? This is what you should do instead.
[5:19] How do you know if your prospect is ready to buy?
[5:48] Do you really need to use proposals to close high ticket deals?

Transcript

Read Full Transcript

Hey, this is Dan lock. If you don’t know me, we have generated over a hundred million dollars in coaching and consulting sales. In the last couple years alone today, we are going to talk about three common consulting proposal mistakes, and how to fix them. Now, these three mistakes I have made them all in the past. Has this ever happened to you? You have talked to a prospect and he seems to be interested. He’s just like, Hey, this is good. This sounds good. Semi proposal. And then guess what? You spent hours working on the proposal, making it all look pretty and things like that. And you send it out and then what happens? They ghost you. You’ll never hear from them again. And now you’re wondering what is going on and you chase them and you try to email them and call them and they don’t get back to you.

You’re like, okay, I’ve just wasted hours and hours and days of my time. And this happens to you again and again. Why are these things happening to you? Because chances are you’re making these mistakes. Mistake. Number one, you’re making the proposal too complicated. I was just consulting with another consultant just a couple weeks ago. And he sent me a proposal that he uses and he was wondering how come it’s not closing sales? How come people are not getting back to him? How come people are ghosting him? I look at the proposal. I’m like, I don’t, what the heck that you do? I am lost. I don’t understand the value proposition. I don’t understand what makes you different. And quite frankly, I don’t even understand what are the deliverables. I don’t get this. So ask yourself, are you making your proposal too complicated? Are you sending them like a hundred page proposal?

And you wonder why they’re saying no, you don’t wanna make it complicated. You want to make it very, very simple. That’s mistake. Number one. And number two is counting on the proposal to do all the selling for you. No, you should never do that. You should have already done the selling and closing on the phone face to face with the prospect. They already said yes. So the proposal acts more like terms of agreement. Listen, I have done multi million dollar deals with ceos, I have closed six figure consulting gig, and I have never, ever, ever, ever used a proposal ever. I don’t use proposals now for some, you may not be comfortable with that idea yet. You still want to rely on the proposal. I’m just saying I don’t use it. I don’t need to use it in the past. I have. And I found them to be a waste of time.

Why? Because I am not relying on the proposal to do the heavy lifting. I’m not relying on the proposal to close. I have already closed the deal. My team has already closed the deal. Now the proposal it’s terms of agreement. Now, it’s just a simple, Hey, here are the terms. Let’s get it signed. Let’s get the money taken care of. And let’s go, it’s very, very simple. Mystic, number three, you are sending the prospects, a proposal that you want and not what they want. I’m gonna give you a script. So let’s say you’re on the phone with a prospect and they are saying, Hey, you know what? That sounds very good. Like what you do, why don’t you send me a proposal instead of just saying, Hey, great, I’m gonna send you a proposal. Don’t do that. Here’s what you do. Hey, you know what?

Speaker 6: (04:58)
Mr. Prospect, I’ll be more than happy to send you a proposal. Tell me what would you like to see in the proposal? You ask them first, you ask them what they would like to see in the proposal. And they would say A, B, C, and D. Great. Mr. Prospect, let’s assume that we have A, B, C, D in the proposal and you like what you see what is gonna happen next? Now the truth comes out. Is he gonna say, okay, great. Then I am ready to move forward with your company, or are they gonna say, well, no, I still would need to talk to my partner. And I wanna think about it. That is not a prospect that is ready to buy. Now you have to address that objection before you spend hours and hours and hours on the proposal. So those are the three common proposal. Mistakes understand you don’t need a proposal to close high ticket deals. If you want to use proposals, by all means, knock yourself out. But I’m telling you, you do not need to do that. All you need to do is make a little mentorship and understand how to qualify your prospects. How do you set up the agenda and how to set up the expectations, and then you will close those high ticket deals until then go high ticket.

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