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Justin Colby

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
5315 total appearances

Appearances Over Time

Podcast Appearances

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

They're going to make sure, is this person at risk of dying or something worse than what I'm seeing with the arm? The vitals of the business in my mind are the LOAC. And that will tell you everything in your business. And that way you're able to make decisions, calculate decisions on what pivots to make.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

They're going to make sure, is this person at risk of dying or something worse than what I'm seeing with the arm? The vitals of the business in my mind are the LOAC. And that will tell you everything in your business. And that way you're able to make decisions, calculate decisions on what pivots to make.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Our team did.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Our team did.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

That's right.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

That's right.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Less leads managed well is better than an abundance of leads managed poorly.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Less leads managed well is better than an abundance of leads managed poorly.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Less leads managed well is better than an abundance of leads managed poorly.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Less leads managed well is better than an abundance of leads managed poorly.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Yeah, percentages are probably the most helpful. So from a lead to opportunity conversion, or another way to say it is a lead, to me, is any inquiry. An opportunity is a yes or a maybe or even a soft no. An opportunity is somebody they're going to have some level of follow-up to.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

Yeah, percentages are probably the most helpful. So from a lead to opportunity conversion, or another way to say it is a lead, to me, is any inquiry. An opportunity is a yes or a maybe or even a soft no. An opportunity is somebody they're going to have some level of follow-up to.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

That's another way to describe it. Or another way that people describe opportunity is net lead.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

That's another way to describe it. Or another way that people describe opportunity is net lead.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

So of your net leads, of your opportunities, that conversion ratio really needs to be... 30% are better, but that's so subjective because if you're in a market where you're doing a lot of cold calling, it's going to be low. I was going to say. If it's PPC, it probably needs to be 80%. Yeah. So when I say 30, 30 encompasses all three core strategies. It also is just kind of- It's a blended ratio.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

So of your net leads, of your opportunities, that conversion ratio really needs to be... 30% are better, but that's so subjective because if you're in a market where you're doing a lot of cold calling, it's going to be low. I was going to say. If it's PPC, it probably needs to be 80%. Yeah. So when I say 30, 30 encompasses all three core strategies. It also is just kind of- It's a blended ratio.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

It's a blended ratio. So thank you for clarifying that because anybody listening, I think if they identify 30, then they're probably not doing enough. But if it's a blended ratio, it also accounts for somebody calling from a direct mail piece saying, pound sand, take me off your list.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

It's a blended ratio. So thank you for clarifying that because anybody listening, I think if they identify 30, then they're probably not doing enough. But if it's a blended ratio, it also accounts for somebody calling from a direct mail piece saying, pound sand, take me off your list.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

We're technically referring to that as a lead because we're still trying to identify what percentage of the people that inquired, whether they were telling you to take it.

The Science of Flipping
Scaling to 80 Franchises: The Power of Systems & Teamwork | Mark Stubler

We're technically referring to that as a lead because we're still trying to identify what percentage of the people that inquired, whether they were telling you to take it.