Course curriculum
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1
Day 1
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Welcome to the 6 Week Jump Start Program
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Talk about Day 1 schedule (This is a full 8 hour day)
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Why sell merchant services
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Where is merchant services heading
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Why Sell Cash Discounting
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Why Sell Surcharging
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The History of Merchant Services
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What is merchant services - The Front-End
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How do the card brands make money
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What is merchant services - The Back-End
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How do banks make money on credit card transactions
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The three R's of interchange - Risk, Rewards and Relationships
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Why should businesses pay interchange costs - Cash Discounting
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What is a credit card processor - Acquirer
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How do credit card processors make money
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How Do Merchants Accept Cards
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Terminals
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Smart Terminals and Tablet POS
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Touch Screen POS
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Gateways
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Mobile Payments
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Intro to Prospecting - Working Hard, so you can eventually work smart
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Telling my story about 14 sales the first month and winter on the phone
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Numbers Game - What to Expect - Door to Door
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Numbers Game - What to Expect - Phone Appointments
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What do you need out in the field
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What to expect on Day 2 and 3
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2
Day 2
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Final Day of Preparation - Lower Expectations to Effort
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3 Elements of Any Pricing System
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What is the Effective Rate
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Introductin to Teir Pricing
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Introduction to Flat Rate Pricing
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Introduction to Interchange Plus Pricing
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Introduction to Subscription Rate Pricing
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Consumer Revenue Models
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Introduction to Reading Statements
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Batch / Deposit Summary Report
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Daily Discount
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Card Type Summary Report & AMEX Opt Blue
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Card Type Summary Report / Other Card Types
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Per Item Fees / Discount Rate
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Introduction to the Interchange Table
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Statement Interchange Table
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Surcharge Table
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Interchange Mark Up
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Pin Debit Network Fees
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Card Brand Fees
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Processor Per Item Fees
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Batch Settlement Fee
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Monthly / Annual Fees
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Qualified, Mid-Qualified and Non-Qualified Fees
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Downgrade Transactions
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Choosing the Right Processor
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Leasing Isnt Evil. Why I Changed My Mind
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Avoiding 3 Commission Traps
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Building A Business List
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Part 1 - Intro to Selling Small Business Owners
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Part 2 - How to Sell Small Business Owners Door to Door
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Part 3 - Playing the Numbers Game
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Part 4 - Introduction to the Sales Flow
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Part 5 - Opening with Ease Door to Door
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Part 6 - Opening with Ease on the Phone
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Part 7 - Comfort or Respect
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Part 8 - Listen More, Talk Less
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Part 9 - Matching the Prospect
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Part 10 - The Reason You Interrupted Their Day
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Part 11 - Be Respected
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Part 12 - Use a Call to Action
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Part 13 - Directing the Information Flow
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3 Small Yes Responses Equal 1 Big Yes
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Part 14 - When Should I Close the Sale
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Part 15 - Get Permission
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Part 16 - Make it Personal with Confidence
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Part 17 - No Risk Close
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Part 18 - Lock in the Sale
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Getting Paperwork Completed
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Telling Your Story with the Survey Pitch
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Survey Pitch - Phone Appointment
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Survey Pitch - Door to Door
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Survey Pitch Screen Shot
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Time to Implement the Training - Learning by Doing
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3
Day 3
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Welcome to Day 3
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Block Schedule - Door to Door
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Block Schedule - Phone Appointment
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Next Action Steps
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Overcoming Common Objections - Replay Live Event
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Intro. to Overcoming Objections - Part 1
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What is an Objection- Part 2
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Buyer-signs Are Not Objections - Part 3
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Objection - I Am in a Contract - Part 4
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Objection - I Am Just Shopping Around - Part 5
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Objection - I Have to Check With My ... - Part 6
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Objection - I Need to Think About It - Part 7
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Objection - “The other company is cheaper.” Part 8
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Objection - “My business doesn’t qualify.” Part 9
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Objection - “What is your rate” Part 10
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Objection - “Can you just send me some information” Part 11
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The Key to Overcome All Objections Part 12
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4
Day 4
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Introduction to Value Selling
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Selling on Price
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Selling on Value
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Selling Value to leads
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Selling Cold Calls
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Questions in Value Selling
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Creating a Sense of Urgency
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Risk The Ultimate Value Killer
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5
Day 5
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Introduction to Cash Discounting & Surcharging
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What is Surcharging
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What is Cash Discounting
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Step #1 - Notify the Consumer
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Step #2 - Add the Fee (Identify the Card Type for Surcharging)
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Step #3 - Collect the Revenue
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Step #4 - Offset the Fees
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6
Day 6
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Welcome to Day 6
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Part 1 - What is the Most Important Thing
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Part 2 - Where is Your Scoreboard
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Part 3 - Collaboration and Accountability - the Secret to Success
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7
Day 7
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Welcome to Day 7
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Introduction Additional Payment Services
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Part 1 - Additional Payment Services
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Part 2 - Additional Payment Services
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Part 3 - Additional Payment Services
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Part 4 - Additional Payment Services
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Part 5 - Additional Payment Services
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Part 6 - Additional Payment Services
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Part 7 - Additional Payment Services
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Part 8 - Additional Payment Services
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Part 9 - Closing for Additional Payment Services
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8
Day 8
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Welcome to Day 8
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Part 1 - The 2 Phases of Success
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Part 2 - Great Actions Follow Great Beliefs
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Part 3 - Dont Let Being Broke Stop You
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Part 4 - The Secret to Success in 2 Words
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Part 5 - No Traffic Jams on the Extra Mile
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9
Day 9
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Welcome to Day 9
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Cash Discounting and Surcharging - Part 1
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What is the Difference- - Cash Discounting and Surcharging - Part 2
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Can the Merchant Wave the Fee- Cash Discounting and Surcharging - Part 3
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Understanding Daily Discount and Escrow - Cash Discounting and Surcharging - Part 4
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What Does the Service Fee Cover for the Merchant- - Cash Discounting and Surcharging - Part 5
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Percentage Versus Per Item - How to Price Merchants - Cash Discounting and Surcharging - Part 6
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How Does Residual Work- - Cash Discounting and Surcharging - Part 7
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What Types of Businesses to Target - Cash Discounting and Surcharging - Part 8
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How Do You Market Cash Discounting - Cash Discounting and Surcharging - Part 9
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10
Day 10
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Welcome to Day 10
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Part 1 - Its Not What You Sell, Its What You Teach
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Part 2 - The Expert Opening Pitch
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Part 3 - Overcoming Objections by Ignoring Them
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Part 4 - The Game of Yes and How to Win
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Part 5 - Assuming the Sale and Closing the Deal
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11
Day 11
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Welcome to Day 11
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The Presentation Opening Pitch That Always Works in Merchant Services Part 1 (1)
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Collecting Information Opening Pitch That Always Works in Merchant Services Part 2 (1)
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The Call to Action - Opening Pitch That Always Works in Merchant Services - Part 3 (1)
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12
Day 12
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Welcome to Day 12
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The Truth About Prospecting
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The Biggest Enemy of Prospecting
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Fear of Phone Calls - Avoid This Prospecting Handicap
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Worried About Walking In - Overcome This Prospecting Fear
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Winning the Numbers Game in Prospecting
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Desperation The Reason You Cannot Close Deals
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Prospecting with Email The Truth About Prospecting
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Using Social Media For Merchant Services Prospecting
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13
Day 13
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Welcome to Day 13
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Closing with Porcupine Questions
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The Art of the One Call Close
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3 Closing Techniques that Work
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How to Close Big Deals - Selling Large-Multi-Location Businesses
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14
Day 14
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Welcome to Day 14
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How Many Merchants Can You Sell - Merchant Services Sales Commission
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How to Sell More Than 100 Merchants
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Understanding Up-front Bonuses
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Why Your Residuals Are Not Growing
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How Much Residual Can You Make Selling Merchant Services
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Why Merchants Cancel
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How Much Money Can I Make Selling Merchant Services
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How to Get Things Done
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15
Day 15
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Welcome to Day 15
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My Day in the Field Part 1
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My Day in the field Part 2
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My Day in the Field Part 3
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My Day in the Field Part 4
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My Day in the Field Part 5
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My Day in the Field Part 6
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My Day in the Field Part 7
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My Day in the Field Part 8
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16
Day 16
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Welcome to Day 16
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Introduction to Structured Selling
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Structuring the Value Proposition
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Test Your Assumptions Before You Launch
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Identify Your Target Market
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Decide When to Stop Selling
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How to Make Money After Your Campaign is Over
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The Most Important Word in Sales
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17
Day 17
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Welcome to Day 17
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How to Target Specific Business Types Selling Merchant Services
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18
Day 18
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Welcome to Day 18
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4 Solutions for Pizza Shop Processing - How to Sell Merchant Services to Pizza Shops
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My 3 Tips for Selling Hair and Nail Salons - How to sell merchant services to hair and nail salons
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19
Day 19
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Welcome to Day 19
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My SuperSaver Processing tips and How to Sell Merchant Services to Auto Repair Shops
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The Key to POS Integration - How To Sell Merchant Services to Fine Dining Restaurants
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20
Day 20
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Welcome to Day 20
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Leverage Sales to Specialty Shops How to Sell Merchant Services to Retail Specialty Shops
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How to Sell E-Commerce Merchants
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Challenges that E Commerce Merchants Face
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Choosing a Payment Gateway
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Finding a Web Developer
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Closing E Commerce Merchants on Price
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21
Day 21
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Two Game-Changing Tips for Getting the Sale and the Revenue You Deserve
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The Blame Game
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22
Day 22
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Part 1 - How to Generate Sales Leads from Twitter
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Part 2 - How to Generate Sales Leads from Twitter
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Part 3 - How to Generate Sales Leads from Twitter
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Part 4 - How to Generate Leads from Twitter
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Part 5 - How to Generate Sales Leads from Twitter
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Part 6 - How to Generate Sales Leads from Twitter
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Part 7 - How to Generate Sales Leads from Twitter
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Part 8 - How to Generate Sales Leads from Twitter
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23
Day 23
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Part 1 - Welcome to Generating Sales Leads from Youtube
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Part 2 - Generating Sales Leads on Youtube
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Part 3 - Generating Sales Leads on Youtube
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Part 4 - Generating Sales Leads on Youtube
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Part 5 - Generating Sales Leads on Youtube
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Part 6 - Generating Sales Leads on Youtube
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24
Day 24
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Setting Up Your Page
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Custom Audiences
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Video Ads
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Scaling with Lookalike Audiences and Interests
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Automating with Drip.com
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Hosting a Facebook Show
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25
Day 25
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Introduction to Phone Sales
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The First 5 Seconds
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Ask a Quick Question
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Getting Past the Gatekeeper or Non-Decision Maker
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Using Keywords and Presenting Value
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Ask Another Question and Plan the Response
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Set the Appointment with Scarcity
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Perfect Your Script
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26
Day 26
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Part 1 - How to get Leads from Linkedin
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Part 2 - How to get Leads from Linkedin
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Part 3 - How to Remove a Connection on LinkedIn
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How to get Leads from Linkenin
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Part 4 - How to get Leads from Linkedin
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How to Add a Connection on LinkedIn
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How to Create Saved Searches in LinkedIn
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Part 5 - How to get Leads from Linkedin
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Part 6 - Linkedin
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Tier Pricing and Interchange Plus
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Flat Rate Pricing Merchant Services Pricing
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Subscription Rate Merchant Services Pricing
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My Predictions for Merchant Services Pricing
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27
Day 27
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Advanced Statement Training Part 1
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Advanced Statement Training Part 2
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Advanced Statement Training Part 3
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Advanced Statement Training Part 4
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Advanced Statement Training Part 5
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28
Day 28
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Part 1 - Service Starts With the Sale
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Part 2 - Avoiding Installation Headaches
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Part 3 - What to Do When the Terminal Goes Down
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Part 4 - Avoiding The Biggest Pitfall of Customer Service
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Part 5 - How to Build a Referral Engine
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29
Day 29
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Workbook Outline
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Download Your Workbook
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30
Day 30
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Path to 200 Merchant Accounts
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