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Eddie Hartman

๐Ÿ‘ค Speaker
1282 total appearances

Appearances Over Time

Podcast Appearances

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

They say, well, other people provide this and they provide that.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And I realize they're talking about things my client also provides, but my client didn't

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

make enough noise about it.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

So if you can figure out where they fit in that grid, that's really simple grid, money, value, me or them, right?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Then you can figure out how do you stop churn.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

But the best way to do it, if you wait until somebody picks up the phone and says, I'm canceling, you are way too late.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

It's like trying to save a tooth when you're at the point where the tooth hurts so much that, you know, come on, you should have taken better care of your teeth, right?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

So

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

What you have to do is from the moment that they say yes, that honeymoon moment, you need to ask them about their goals.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

What's the value that they're looking for?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

What do they want to get from you?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

And then you need to remind them that they're getting it.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

If you can, I mean, you're into larger customer base, but for other people, if you can set appointments with them to talk about how much value are you getting?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

How can I give you more?

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

If you can, invest in creating a risk score to tell you these are the customers that might leave long before they pick up the phone.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

Try to give them a little bit more love and attention.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

But honestly, the best thing that you can do... Okay, so what we said was people...

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

churn because something has fallen off in terms of that money to value equation it's either you or it's them right because they said yes once so something changed find out what that is and now you have your strategy for how to talk to them second thing we said was don't wait for them to pick up the phone that's too late you know that's true you can't save the really i mean you can and people do but it's expensive they've already found somewhere else to go at that point

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

talk to them earlier, de-risk them.

The Level Up Podcast w/ Paul Alex
LegalZoom Co-Founder Eddie Hartman Explains Why 72% of Businesses Fail

But I will tell you the single best thing that you can do, the single best trick for retention is the following.