Dan Martell - I will give anybody 5% of anything that has potential upside.

Length

47 seconds

Words per minute

243.78947

Word count

193

Sentence count

Summary

In this episode of the podcast, we talk about how to get the most out of every single person you hire and how to make sure they are the best at what they are hired to do the job. We also talk about why it's important to pay the right price for the right person and why you need to pay a premium for the best.

Transcript

00:00:00.000 So I don't care about giving up 5%.

00:00:02.380 I will give anybody 5% of any revenue

00:00:05.520 they bring into my life.

00:00:06.800 Unlimited, billion dollars.

00:00:08.500 So the issue is not that.

00:00:09.540 The issue is in supporting you

00:00:11.160 to create that outcome for me,

00:00:12.700 how much of my time and resources that I invest,

00:00:15.320 and then I didn't get the increase in revenue.

00:00:17.140 I care more about getting the increase in revenue

00:00:18.880 that compounds, not the fact that I saved myself

00:00:20.960 because I paid you a low base.

00:00:22.120 This is what happens with salespeople all the time. 0.89

00:00:23.700 They're like, oh, you know what?

00:00:24.460 I'm only paying on top line commission.

00:00:25.860 Yeah, but you're also not getting the best of the best

00:00:27.900 because you're not paying top of market.

00:00:29.420 so it means that you're getting people willing to take a trade which means they're technically

00:00:33.020 not that good because they're actually being sold on a the opportunity just saying is this

00:00:38.300 person the right hire if they are then who gives i'll give you five percent up to five million

00:00:43.900 revenue and then we'll have to renegotiate i care more is this the right person

Dan Martell - December 15, 2023

I will give anybody 5% of anything that has potential upside.

Episode Stats

Summary

Transcript