1
00:00:01,084 --> 00:00:04,305
All right, welcome to another episode of Sales Transformation. I'm your

2
00:00:04,345 --> 00:00:07,787
host, Colin Mitchell, and the show's brought to you by Ledium.

3
00:00:07,867 --> 00:00:11,748
Today, I've got Feras Alhlou on. He is the co-founder over

4
00:00:11,948 --> 00:00:15,670
at Startup with Feras, has scaled multiple businesses, exits,

5
00:00:19,791 --> 00:00:23,093
I'm doing great. Thank you so much, Colin. I appreciate being here. Great content

6
00:00:25,120 --> 00:00:28,463
Oh, appreciate it. And we were just chatting a little bit before and we're

7
00:00:34,748 --> 00:00:38,851
Yeah, down South here. I've been here in the Bay Area for over

8
00:00:38,891 --> 00:00:42,474
25 years now. Seen all the bubbles and all the bubbles burst

9
00:00:45,901 --> 00:00:49,702
Yeah. It's been an interesting couple of years for

10
00:00:50,062 --> 00:00:53,744
some new things going on in the startup world, but especially

11
00:00:53,764 --> 00:00:57,705
with the rise of AI and lots of things changing very rapidly.

12
00:00:58,685 --> 00:01:02,426
But take us back to where your entrepreneur journey started.

13
00:01:03,247 --> 00:01:07,268
And you mentioned something before we hit record here that you were forced into

14
00:01:10,865 --> 00:01:14,466
Yeah, so we'd moved from Florida in 1998, got into

15
00:01:14,486 --> 00:01:18,307
the startup scene here in Silicon Valley. And then

16
00:01:18,327 --> 00:01:21,628
that one dreaded day when the CEO walked

17
00:01:21,668 --> 00:01:26,149
into my office and said, Feras, we have a layoff tomorrow, okay?

18
00:01:26,370 --> 00:01:30,051
And then you're impacted. So that was a really hard moment.

19
00:01:30,551 --> 00:01:34,612
That was a hard phase in my life. Maybe

20
00:01:34,952 --> 00:01:39,137
we can dedicate a whole episode on what happens after a layoff. It

21
00:01:39,177 --> 00:01:43,479
was a dry market, not very dissimilar from what we're seeing today. So

22
00:01:43,539 --> 00:01:46,861
couldn't find a job, had a young family, a friend of mine wanted

23
00:01:46,881 --> 00:01:50,742
to start a business. So we joined hands, we joined resources and

24
00:01:50,782 --> 00:01:54,304
we kicked off our very first business. It was cutting

25
00:01:54,404 --> 00:01:58,406
edge at the time, web design and search engine optimization. So

26
00:01:58,526 --> 00:02:01,867
that's, in a way, I was always thinking of starting

27
00:02:01,888 --> 00:02:05,129
a business, but that major life event really

28
00:02:08,457 --> 00:02:11,858
Yeah. And what made you go

29
00:02:11,898 --> 00:02:15,579
down that path of that business? Why web

30
00:02:21,080 --> 00:02:24,121
Sorry, there was a pause. I don't know if there's a

31
00:02:28,082 --> 00:02:31,402
Yeah. So what made you go down the path of web design and

32
00:02:34,481 --> 00:02:37,724
Yeah, so go back to 2003, and maybe some

33
00:02:37,744 --> 00:02:41,107
of your younger listeners, they don't remember, but it

34
00:02:41,147 --> 00:02:44,790
was the dawn of the internet. We had Yahoo

35
00:02:44,830 --> 00:02:48,353
and a bunch of other browsers, and then Google and Yahoo introduced this concept

36
00:02:48,373 --> 00:02:51,676
of pay-per-click, search engine marketing. And

37
00:02:52,056 --> 00:02:55,375
this was business owners had no idea.

38
00:02:55,455 --> 00:02:58,597
Like when we go and walked with a business owner and say, here's, we can build

39
00:02:58,637 --> 00:03:01,939
a website for you. Why do I need a website? Big companies need

40
00:03:01,979 --> 00:03:05,101
it, not me. And then when we told them about pay-per-click and

41
00:03:05,482 --> 00:03:09,284
we can get you to rank on Google, they wouldn't even buy. So

42
00:03:09,324 --> 00:03:12,506
we figured it's a new industry. There's a wave here and

43
00:03:12,527 --> 00:03:15,789
we got to ride this wave. And then I remember, this is maybe a tip for

44
00:03:15,829 --> 00:03:19,510
your listeners in sales. we used to go and show the competitors.

45
00:03:19,731 --> 00:03:23,071
When we show a competitor, this is a local restaurant owner, a local

46
00:03:23,131 --> 00:03:27,032
dentist, a local attorney, your competition is

47
00:03:27,092 --> 00:03:30,153
ranking number one and you're nowhere to be found. That was a

48
00:03:30,253 --> 00:03:33,414
very good tactic to help them get business, but

49
00:03:36,254 --> 00:03:39,535
Yeah. I mean, people were still trying to just wrap their head around the

50
00:03:42,736 --> 00:03:46,037
Exactly. Yeah. It was not easy to sell at the time.

51
00:03:48,917 --> 00:03:52,513
Yeah. And did you have any sales experience or

52
00:03:54,997 --> 00:03:58,678
No sales experience. So I was in corporate for maybe about 10 years prior

53
00:03:58,698 --> 00:04:02,198
to that, but I was not in sales, never sold, never asked

54
00:04:02,258 --> 00:04:05,499
anyone for money, maybe except my dad. So that was

55
00:04:05,639 --> 00:04:09,060
a pretty steep learning curve, Colin. And for the founders

56
00:04:09,180 --> 00:04:12,380
out there who started a business or thinking to start and they don't

57
00:04:12,400 --> 00:04:15,941
have a sales background, I'm gonna tell you, it's not going to be an easy

58
00:04:16,561 --> 00:04:19,642
route, but if I did it, I think you

59
00:04:19,702 --> 00:04:22,964
can too. There was a lot of learning. I think

60
00:04:23,344 --> 00:04:26,727
there was a lot of CDs at the time. There wasn't a whole lot of YouTube videos on sale.

61
00:04:26,787 --> 00:04:30,350
So this is a short funny story. My partner

62
00:04:30,430 --> 00:04:33,673
had a set of CDs from this gentleman by the name of

63
00:04:34,233 --> 00:04:38,017
Tom Hopkins, The Art of Mastering Real

64
00:04:38,037 --> 00:04:41,141
Estate Selling. And we don't

65
00:04:41,161 --> 00:04:44,803
want to pay money, another hundred bucks to buy another set of CDs. So I

66
00:04:44,883 --> 00:04:48,285
actually ended up listening to those CDs on selling real estate and taking notes

67
00:04:49,065 --> 00:04:52,808
and replaying the CD to capture how you handle certain objections.

68
00:04:53,408 --> 00:04:56,750
So that's how I learned sales. And then I attended a few courses, in-person courses,

69
00:04:57,450 --> 00:05:01,332
two or three-day courses. And you go out to the field. and

70
00:05:01,372 --> 00:05:04,653
you still get rejections, and you still know what to

71
00:05:04,773 --> 00:05:08,175
answer. But that's part of learning. And later,

72
00:05:08,215 --> 00:05:12,056
we were selling six-digit contracts. So it's

73
00:05:12,656 --> 00:05:16,458
just part of the program is you got to roll up your sleeves and learn

74
00:05:18,823 --> 00:05:22,648
Yeah. There

75
00:05:25,852 --> 00:05:29,316
No, no. I don't think we were cheap. We

76
00:05:29,877 --> 00:05:33,161
were bootstrapping. We didn't have a lot of money. There's a good set of CDs. Why buy

77
00:05:34,864 --> 00:05:38,286
Yeah. And I think the

78
00:05:38,967 --> 00:05:42,789
interesting thing is there is you were willing to lean into

79
00:05:43,250 --> 00:05:46,392
learning sales. Because I think sometimes founders struggle with

80
00:05:46,432 --> 00:05:50,074
that where it's like, I'm a marketing person, I'm an operations

81
00:05:50,154 --> 00:05:54,737
person, I'm a technical person, and I'm not a salesperson. And

82
00:05:54,757 --> 00:05:58,800
they don't want to invest the time with its courses, CDs, podcasts,

83
00:05:59,660 --> 00:06:03,222
you know, getting some help to master that

84
00:06:03,322 --> 00:06:06,843
skill. How important do you think it was for you to

85
00:06:06,903 --> 00:06:10,245
really learn and lean into learning sales to be able to

86
00:06:12,126 --> 00:06:15,307
We couldn't have done it without it, Colin. I mean, I

87
00:06:15,347 --> 00:06:19,249
had a young family, my partner, the same. We had to sell. And

88
00:06:19,269 --> 00:06:22,470
I remember, and I've said this before, on our very first day

89
00:06:22,490 --> 00:06:25,936
when we decided to go out and sell, It was really hard.

90
00:06:26,596 --> 00:06:29,859
It was really hard. And where do we go? Well, let's

91
00:06:29,899 --> 00:06:33,562
go to places where people know us. So, we went to five restaurants. We

92
00:06:33,642 --> 00:06:37,025
ended up having to have five meals that one day. And guess what? We

93
00:06:37,045 --> 00:06:40,308
had five rejections. I kid you not. I

94
00:06:40,348 --> 00:06:43,550
can still name the restaurants. One of them, Athena Grill, right here down the street in

95
00:06:43,570 --> 00:06:48,570
Santa Clara. So, It

96
00:06:48,890 --> 00:06:52,153
took us three days to recover. But then, okay, what

97
00:06:52,213 --> 00:06:55,695
were the questions that they asked us we did not have an answer for?

98
00:06:56,216 --> 00:07:00,059
So that was our way to produce my own list of FAQs on

99
00:07:00,159 --> 00:07:03,341
what to answer if someone says, I don't need a website at the time. So I

100
00:07:03,401 --> 00:07:07,044
think that would be, today, if I go to a networking event and people ask me questions, I

101
00:07:07,084 --> 00:07:10,487
just typically between networking, I go and jot down what they asked

102
00:07:10,527 --> 00:07:13,930
me so I can go back home and come up with a better answer next

103
00:07:13,970 --> 00:07:17,212
time. But there's no escape, I always tell founders, You got

104
00:07:17,232 --> 00:07:20,495
to be out there. You can do a lot of things online these days. You can research, you can go

105
00:07:20,515 --> 00:07:23,837
on YouTube, you can listen to these amazing podcasts, but there's no

106
00:07:23,897 --> 00:07:27,600
substitute of going out there and meeting people

107
00:07:28,160 --> 00:07:31,382
and practicing your pitch. The more you do it, the

108
00:07:31,422 --> 00:07:34,825
better you're going to become at it. It'll be just a second nature over

109
00:07:36,366 --> 00:07:40,922
Yeah. Yeah. And it's, and it's, it's, uh, it's

110
00:07:41,022 --> 00:07:44,426
even harder to do it in person, right? Really test your skills.

111
00:07:44,486 --> 00:07:48,089
Then over Zoom, on a phone call, over

112
00:07:48,250 --> 00:07:51,713
email, all the ways that people like to sell today. In person

113
00:07:51,793 --> 00:07:55,777
is the real test if

114
00:07:55,837 --> 00:07:59,100
you can handle those questions. But I think that the important learning lesson

115
00:07:59,140 --> 00:08:02,482
there is that You got

116
00:08:03,143 --> 00:08:07,244
a bunch of rejection, but you took

117
00:08:07,304 --> 00:08:10,565
those opportunities to see what you could learn from them

118
00:08:10,905 --> 00:08:14,006
to improve. What questions did we not have answers to? How could we

119
00:08:14,086 --> 00:08:17,327
answer those questions better before you put yourself back out there again?

120
00:08:18,507 --> 00:08:21,628
Absolutely. And the learning never stops. And

121
00:08:21,648 --> 00:08:24,849
I think it was Peter Drucker who said the number one

122
00:08:25,549 --> 00:08:29,571
advantage you have in business is learning and application

123
00:08:29,651 --> 00:08:33,439
of this learning ahead of your competition, faster

124
00:08:33,480 --> 00:08:36,781
than your competition. So when we moved

125
00:08:36,821 --> 00:08:40,162
from selling to small mid-sized businesses to selling to corporate, so

126
00:08:40,662 --> 00:08:44,243
we niched down on analytics, became a Google certified

127
00:08:44,343 --> 00:08:48,064
partner in analytics, one of maybe 200 globally,

128
00:08:48,565 --> 00:08:51,826
we started to get these large leads from Fortune 500. So

129
00:08:52,166 --> 00:08:55,307
what worked for small businesses did not work for

130
00:08:55,347 --> 00:08:59,008
Fortune 500. The pace and the

131
00:08:59,108 --> 00:09:03,314
level of professionalism and the level of everything

132
00:09:03,354 --> 00:09:06,556
had to be really polished. So we had to

133
00:09:06,576 --> 00:09:10,177
learn, I had to read a couple of books on how to sell B2B

134
00:09:10,737 --> 00:09:14,279
long sales cycle and even adjust our sales

135
00:09:14,339 --> 00:09:18,101
projections and revenue projections based on these lower sales cycles. So

136
00:09:18,181 --> 00:09:21,482
learning in my mind never stops, never stops. And today

137
00:09:21,522 --> 00:09:24,704
you have to also learn about AI and how AI is impacting your

138
00:09:29,613 --> 00:09:32,901
Thanks for tuning in. Please don't forget to like and share so we can help more