Menu
The Wolf of Wall Street’s Secret Sales Method (Revealed)

The Wolf of Wall Street’s Secret Sales Method (Revealed)

The Wolf of Wall Street

257,848 views 1 month ago

Video Summary

This video presents a powerful sales system designed to help anyone sell anything to anyone, transforming them into world-class closers. It emphasizes moving beyond product features to focus on benefits and the core elements that drive purchasing decisions. The speaker introduces the "straight line system," a method for controlling sales conversations and efficiently gathering intelligence. Key to this system is the immediate establishment of credibility within the first four seconds by being perceived as sharp, enthusiastic, and an expert.

The presentation delves into building certainty through a three-tiered approach: ensuring the prospect loves the product, trusts the salesperson, and trusts the company. Objections are reframed as indicators of uncertainty, and techniques like "looping" are introduced to address these by reinforcing certainty and ultimately lowering the prospect's action threshold. The system is presented as a logical, step-by-step process, likened to cracking a safe, where mastering five core elements leads to closing any deal.

Finally, the video highlights the importance of tonality in communication, explaining that how something is said is more impactful than the words themselves, especially on the phone. Ten specific tonalities are briefly explained as tools to influence and build connection, ultimately empowering individuals to achieve their sales goals and lead more empowered lives.

Short Highlights

  • The core of selling is transferring emotion and certainty, not just pitching features.
  • The "straight line system" focuses on controlling the sales conversation from the outset.
  • In the first 4 seconds, a salesperson must be perceived as sharp, enthusiastic, and an expert.
  • Closing a sale relies on three critical elements: prospect's love for the product, trust in the salesperson, and trust in the company.
  • Objections are viewed as screens for uncertainty, addressed through techniques like "looping" to build further certainty.

Key Details

The Power of the Straight Line System [00:00]

  • The speaker aims to provide a literal blueprint for selling anything to anyone, based on a method trained on millions globally.
  • This sales system is described as powerful and effective, designed to turn anyone into a world-class closer.
  • It applies regardless of industry, age, or current financial situation.
  • The goal is to help individuals explode sales numbers, feel good about it, help others do the same, and live a better, wealthier, more empowered life.

The exact method, a literal blueprint for not just selling a pen, forget a pen, but how to sell anything to anyone using the exact method that I have trained literally millions of people on around the world.

Shifting Focus from Features to Benefits [01:38]

  • A crucial takeaway is to forget pitching product features, as people buy benefits, not features.
  • Immediately bombarding a prospect with features before building rapport or proper positioning leads to them tuning out, raising objections prematurely, and not even understanding the product.
  • The speaker achieves a state where objections only arise when they are ready to ask for the sale, maintaining complete control.

Forget about pitching product features. That's a losers game.

The Mantra: "Every Sale Is the Same" [02:43]

  • The speaker developed a mantra in the 80s: "Every sale is the same."
  • This doesn't imply prospects have identical needs or backgrounds, but rather that there are core elements that must align in a prospect's mind for a sale to occur.
  • These three core elements are essential for closing any sale, whether it's an offline or online product, high or low ticket, tangible or intangible.
  • If even one of these elements is missing, the chance of closing is zero.

Every sale is the same.

The Straight Line System: A Visual Metaphor [04:12]

  • The straight line system is visualized as a long, thin straight line with an "X" on either end.
  • One "X" represents the open (start of the sale), and the other represents the close (end of the sale).
  • The speaker emphasizes that while they can close anyone "closable," not everyone is closable due to ethical reasons, product fit, or a high action threshold.
  • When a sale is not closed, if the salesperson did their job perfectly, it's because the prospect was not sellable, turning sales into a numbers game.

When you can close anyone who's closable, if you don't close someone, you'll know in your heart of hearts, you'll know in your mind that they didn't buy not because I didn't do my job well.

Taking Immediate Control of the Sale [06:17]

  • The first critical step in selling is to take immediate control of the sale.
  • If the salesperson is not in control, the prospect defaults to controlling the conversation, making every sale unpredictable.
  • This leads to reactive rather than proactive selling.
  • Being in control allows the salesperson to pre-plan the flow of the sale, including introductions, tonalities, and the questions needed to assess prospect fit, financial qualification, pain points, and values.

You must take immediate control of the sale.

The Critical First 4 Seconds [08:02]

  • The difference between successful and unsuccessful sales often lies in the first 4 seconds.
  • During this time, a salesperson must establish three crucial perceptions:
    1. Sharp as a tack: Perceived as intelligent, on the ball, and a problem solver who won't waste time.
    2. Enthusiastic as hell: Conveying genuine belief in the product, not through over-the-top excitement, but a compelling, powerful energy.
    3. An expert in your field: People naturally defer to experts, granting them control and the right to ask questions.
  • This immediate perception is vital because humans are fear-based and judge instantly.

You have literally 4 seconds to establish three crucial things.

The Power of Perception and Expert Status [09:45]

  • Humans are conditioned to defer to experts from a young age (e.g., doctors, tutors, lawyers).
  • When perceived as an expert, sharp, and enthusiastic, people feel a gut feeling to defer, which opens the possibility for the salesperson to control the encounter.
  • This expert status allows the salesperson to guide the conversation, ask intelligence-gathering questions, build rapport, and engage in active listening effectively.

We have been conditioned since we're yay bing to defer to experts to people who we perceive to be experts.

Building Rapport Through Active Listening [13:14]

  • As prospects answer questions, active listening is employed, which involves more than just acknowledging responses.
  • It includes providing feedback, expanding on answers, clarifying, and demonstrating an understanding of their problems and potential solutions.
  • This process helps build rapport on both conscious and unconscious levels, making the prospect feel understood and valued.

Meaning, you're listening to their responses.

The Role of Tonality in Communication [15:49]

  • The magic of selling isn't primarily in the words spoken, but in how they are said – the tonality used.
  • Words account for only about 9-10% of communication, while tonality (45%) and body language (45%) are far more impactful, especially when communicating on the phone where body language is absent.
  • Tonality creates a mental image of the speaker and acts as a "secret language of influence," allowing the prospect to hear unspoken messages.

The magic's not in the words. The magic is in how you say the words, meaning the tonalities that you use when you start speaking.

Phrasing Declarations as Questions [18:31]

  • A key technique is using "phrasing declarations" or asking questions rather than making flat statements.
  • For example, instead of "Hi, I'm Jordan Belfort calling from XYZ company," which sounds like a typical, unwanted sales call, phrasing it as "Hey, it's Jordan Belfort calling from XYZ company. How you doing today?" prompts the listener to engage and search their memory.
  • This technique puts the prospect's brain into search mode, creating intrigue and a less guarded response.

Hey it's uh Jordan Belelffort calling from XYZ company in New York. How you doing today?

The Straight Line Transition and Creating Certainty [21:13]

  • After gathering intelligence and establishing rapport, if the prospect is qualified, the salesperson executes a "straight line transition."
  • This involves clearly stating that the product is a perfect fit based on what the prospect has shared.
  • The subsequent step is creating certainty about the product or service through a "straight line sales presentation."

Based on everything you just said to me, this product is a perfect fit for you. Let me tell you why.

The Three Elements of Certainty [23:28]

  • Sales at its highest level is the transference of emotion, primarily certainty.
  • For a sale to occur, a prospect must be absolutely certain about three things:
    1. The Product/Service: They must be certain it resolves their problem, eliminates pain, and offers good value.
    2. The Salesperson: They must trust and connect with the individual selling.
    3. The Company: They must trust the entity behind the product or service.
  • If any of these three "tens" falls below a certain threshold (e.g., below a five), the sale has no chance of closing.

Sales is the transference of emotion. And the primary emotion that you're transferring is certainty.

Objections as Smoke Screens for Uncertainty [30:09]

  • Objections are not direct statements of refusal but rather "smoke screens" for underlying uncertainty about the product, salesperson, or company.
  • Instead of directly stating "I don't trust you" or "I don't like your product," people often offer objections like "Let me think about it" or "Send me information."
  • The strategy is to use these objections as opportunities to increase certainty in one of the three "tens" and then seamlessly re-engage the prospect towards a close.

Objections are actually smoke screens for uncertainty.

Looping and Lowering the Action Threshold [31:43]

  • "Looping" is a technique to handle objections by addressing them and then re-engaging in presentation mode to further build certainty.
  • This involves a secondary presentation that complements the first, reinforcing confidence in the product, salesperson, and company.
  • Additionally, lowering the action threshold involves minimizing perceived risk and highlighting the upside potential, encouraging prospects to take action.
  • This is achieved by asking about the worst-case scenario, emphasizing guarantees, and using future pacing to illustrate positive outcomes.

Looping is the art of taking a common objection. And addressing it.

The Pain Threshold and Closing Sales [34:12]

  • Identifying and reintroducing pain points during the sales process can significantly lower a prospect's action threshold, making them more prone to buy.
  • By reminding prospects of the negative consequences of not addressing their pain, their urgency to find a solution increases.
  • This can be done by asking how the situation might worsen over time if not resolved immediately.

Once you know that, you don't want to resolve that pain yet because at the end when they're on the fence, you want to reintroduce that pain and remind them, amplify that pain.

The Five Core Elements of the Straight Line [36:47]

  • The straight line system can be understood as cracking a safe, with five numbers in the combination:
    1. Product: The prospect must love the product.
    2. Trust You: The prospect must trust the salesperson.
    3. Trust the Company: The prospect must trust the company behind the product.
    4. Lower Action Threshold: Reduce the perceived risk and difficulty of taking action.
    5. Pain Threshold: Amplify the pain of inaction to drive decision-making.
  • If a sale doesn't close, it means the combination isn't fully figured out, and the salesperson must revisit and reinforce these elements.

The first number is the product. They must love the product.

Ten Core Tonality Patterns [38:44]

  • The video briefly lists ten core tonalities used in the straight line system:
    1. Scarcity (whispering with power)
    2. Certainty (emphatic and clear)
    3. Reasonable Man (fair and logical)
    4. Phrasing Declarative as Question (engaging curiosity)
    5. I Care (showing genuine concern)
    6. I Really Want to Know (expressing deep interest)
    7. Implied Obviousness (highlighting clear benefits)
    8. Sincerity (speaking with utmost honesty)
    9. Money Aside (hypothetical scenarios)
    10. Mystery and Intrigue (creating curiosity)

The first one is scarcity. The second one is called certainty.

Other People Also See