Jordan Belfort Sales Training Review: Introduction
Are you in sales and you want to up your sales process or improve your first sales team performance? Or do you simply want to brush up on your sales skills?
You may be looking for the best training program out there and you’ve come to the right place. I’m here to review one of supposedly the best training programs available, the Straight Line Persuasion System.
If you’ve watched the movie The Wolf of Wall Street, then you must know Jordan Belfort who was played by Leonardo DiCaprio. He has his own training program called the Straight Line Persuasion System, which I will review here.
Now, I want to be totally up front here, so…
This Jordan Belfort Sales Training review has been thoroughly researched with information and testimonials that are available online to anyone in the public. Any conclusions drawn by myself are opinions.
Table of Contents
Pros: What I Liked
Jordan Belfort is a well-known closer so you know you will be learning from one of the best
His training program is built around his own experience in the sales process
His program gives you 1-year access to his mentorship program with a 30-day money-back guarantee
Cons: What I Didn't Like
The components of the Straight Line Persuasion system can be easily found online at a cheaper cost
It relies heavily on making a sales call to prospective clients over the phone, which is no longer relevant at this time
Straight Line Persuasion System is a sales training course that promises to show you how to earn a 6-figure income by being a “closer”.
In other words, taking sales calls for high-ticket coaching programs.
Honestly, it’s not a bad premise…
If you’re looking to trade in one job for another, with even less security.
Ok, all snark aside, sales isn’t a bad industry. Salespeople are always in demand, and – if everything is aligned – you can earn a good to great income.
Unfortunately, that relies on everything actually working properly. And in 99/100 organizations, that’s just not the case.
The biggest problem with being a “closer” is that – no matter how much money you make – you’re entirely at someone else’s mercy. If it’s not your program or your business, then your income can always be taken away.
The second biggest problem is lead flow/quality. The average no-show rate for most coaching programs is 50-70%. That means if you get 8 calls on your calendar per day, 4-5 of them won’t even show up. In other words, half your day (and half your potential income) is wasted.
The third problem is the actual commission rate. Now, this isn’t actually a problem, except that most of these training programs tell you you can land a $1,000+ commission check every day.
The thing is, the average commission rate for an online coaching program is $500. So, to hit that $1,000 commission, you’d have to close at least two sales a day.
But if 4-5 of your calls no-show every day, that means you have to close 2 out of 3/4 calls. Giving you a 50-75% close rate. And frankly, if you’re that good of a closer, you should have your own training program.
The final problem here is consistency. Sales is and always has been a cyclical industry. You’ll have great months and terrible months. If you can stomach that, great.
But what if, instead, you could have a consistent stream of income with a reliable amount of cash coming in every single month?
What if you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Being on the phone all day
- Wasting hours of your life when people no-show
- Trading your time for money
- Financial stress during a bad month
- Letting someone else control your fate
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day chasing prospects and reciting the same sales pitch over and over again?
If that sounds like something you’d be interested in, check out Digital Real Estate.
However, if you’d still like to know more about Straight Line Persuasion System, keep reading
Who Is Jordan Belfort?
As what was shown in the movie, Jordan is the controversial founder of Stratton Oakmont who was jailed for 2 years for violating securities laws. It was while he was in prison that he wrote the book Wolf of Wall Street.
Learning from his past, he eventually became a motivational speaker and had his own training program, mainly teaching the Straight Line Persuasion System. This is what he taught at his brokerage firm that made the guys there become millionaires.
What Was Jordan Belfort Selling?
Jordan used to be selling meat and fish in his first business. When this failed, he turned into stockbroking before he was imprisoned. As shown in the movie, he was very convincing when he called people to invest in worthless IPOS, penny stocks, and a lot of unethical and illegal things.
Though this made him very rich, this was also his downfall.
Jordan now turned his life around by teaching people globally his sales process techniques and using these techniques in an ethical and legal manner. He is now selling himself as a motivational speaker and selling a number of marketing and sales courses.
How Did Jordan Belfort Learn How To Sell?
Jordan Belfort was only 25 years old when his meat-selling business failed and had to file for bankruptcy. It was through a family friend that he got into stockbroking. He started selling stocks in the late 1980s. He became a trainee stockbroker at L.F. Rothschild so he started selling stocks in the late 1980s. He was eventually laid off during the Black Monday stock market crash in 1987.
How Much Was Jordan Belfort Worth At His Peak?
Before Jordan was imprisoned, he was making about $50M – $100M yearly.
How Can I Sell Like Jordan Belfort?
You can learn to sell like Jordan by enrolling at the Straight Line Persuasion System. It includes a 1-year mentorship program with him. You can learn straight from the wolf himself.
More details about the Straight Line Persuasion system in a bit.
What Books Does Jordan Belfort Recommend?
Belfort published the Way of the Wolf in 2017 to share the step-by-step Straight Line System for those who want to be as successful as he was in closing sales and therefore, create massive wealth.
The Wolf of Wall Street is a memoir of Belfort which was published in 2007 and was later adapted into the film of the same title.
Following his first book The Wolf of Wall Street, he wrote an autobiography entitled Catching the Wolf of Wall Street. This was published in 2009.
What Is The Straight Line Persuasion System?
The Straight Line Persuasion System is Belfort’s training program which is also a goal-oriented system.
Why is it called Straight Line Persuasion? A straight line is considered the shortest distance between 2 points, the points here being you and your client. So the system is about the fastest way of persuading and closing a deal with a client.
Is The Straight Line System A Scam?
So, is The Straight Line System a scam?
Not technically. You can make money with this program, and if you want to take the first step into the world of online business/marketing, this isn’t a bad way to go.
But at the same time, sales is a job, not a business. You’re not going to reach time freedom or financial freedom if you’re always trading your time for money.
Remember, there’s a good chance you’ll be spending most of your day on the phone.
However, since you’re looking at a 50% no-show rate, you’ll also have a lot of dead time. And that’s time you can use to build a more reliable, more passive income stream.
What if you could use a couple hours a day of free time and your reward was a $500 to $2,000 payment that came in every single month?
What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Real Estate.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Real Estate.
What Is The Straight Line Selling Method?
The Straight Line Selling system is specifically the method used in Straight Line Persuasion. This will be discussed in detail.
What Is Inside the Straight Line Persuasion Course?
Belfort’s Straight Line Persuasion system course is composed of 10 modules.
Module 1: The Tenets of Straight Line Persuasion
In this module, you will learn about the main principles behind the Straight Line Persuasion System. Persuasion is the act of helping people take action by getting rid of things that hinder them internally.
According to Belfort, the main point in selling is to be in control of the interaction between you and the client. Hence, he called it Straight Line Persuasion. The strategy is leading the prospective client straight to the sale.
The three tenets of the Straight Line Persuasion System identified here are to:
- Build rapport with your client at the fastest possible time.
- Gather intelligence- Get as much information from your prospect as possible like if he is a target client and if has money to buy it.
- Take control of the interaction between you and your client. Here, you will learn how to be persuasive without being pushy.
And to create a sales map smoothly, you need to have excellent product knowledge, which can be shown with the right tonality and body language. You need to be:
- very sharp and prepared to answer all questions about your product while having calm and assertive body language.
- enthusiastic and this should be clearly shown with your tonality and body language
- an expert in the market where your product is in with the right body language
Module 2: The Art and Science of Prospecting
The second module of the Straight Line Persuasion course gives an in-depth discussion of how to get prospective clients. What you will learn in Module 1 will come in handy here as you ask the right questions to gather intelligence.
Your prospective clients are the ones who are interested in your product and can actually pay for them. Doing this will definitely save you a lot of time.
You will be given a script to help you do this while you build rapport at the same time. Asking relevant questions will help you identify who your prospective clients really are.
More importantly, you will learn Jordan’s efficiency in making more money in less time. This will prevent you from wasting time talking to a client who may not really be interested in your product or may not have the means to buy your product.
Module 3: Mastering the Art of Tonality
In this module of the Straight Line Persuasion course, you will hear Jordan read the script and explain in detail the do’s and don’ts in mastering tonality.
This is particularly helpful for those doing phone sales calls.
Since the prospective client you are talking to can’t see you, you need to use your tonality effectively. This will give your client the impression that you are credible and reliable when it comes to how your product can deliver a solution to a problem.
According to Jordan, the right tonality can actually develop rapport at the subconscious level.
Though there are now video chatting apps like Zoom, you will still benefit from an effective tonality matched with the right body language.
Module 4: Being a Leader and Visionary
In Module 4 of the Straight Line Persuasion course, you will learn the difference between a leader vs. a visionary; between selling your goals vs. selling your vision. People will buy into a vision and not into your goals. So at this point, it is important to know your WHY.
Jordan shares here more theoretical information in sales and human psychology.
Some of his practical pointers here are as follows:
- Always dress professionally.
- Present yourself well, preferably no goatees or no outrageous accessories.
- When talking to a woman, stand directly in front of her.
- When talking to a man, stand at an angle.
Module 5: The Inner Game of Sales
In this module of the Straight Line Persuasion course, you will learn about psychology and influence strategies to build that successful mindset.
Belfort talks about the importance of mastering your internal state, especially your emotions. This means having the confidence and courage to follow through to your goals and overcome your fears, among others. Your tonality and body language will mirror this.
You will also learn the state management future pacing or having a positive mindset, visualizing a great future. Learning more about psychology and influence strategies will definitely come in handy to do this.
Module 6: The 5 Key Elements of the Straight Line System
The Module 6 of the Straight Line Persuasion course focuses on the actual selling process of the Straight Line System.
The 5 key elements are as follows.
- The art of sifting– This is where you learn that asking the right questions will help you target your motivated buyers. Listen to their concerns and how you and your product can help solve their problems, whether they are aware of it or not.
- The action threshold– This is the point where your prospective client will take action and buy your product. You will learn how to make a solid logical case why they need to buy right now, not later.
- Tipping the scales– This is where you make sure that all concerns of your client are addressed to ensure positive outcomes. While you are delivering your sales pitch, your prospective client is weighing the rewards vs. the risks of their buying decision.
- The sales funnel– Here you will learn the process a prospective buyer goes through before he finally buys. Knowing your goals will determine how many phone calls you need to make on a daily basis, and other steps you need to take to make that sale happen.
- 3 things in 4 seconds– This is where you will learn how to show sharpness, enthusiasm, and expertise in the first few seconds of your encounter with your prospective client. You need to put on your product’s feature and benefit mode as best as possible.
Module 7: The Art and Science of Qualifying
You will learn in this Straight Line Persuasion module how to identify your prospective buyers from non-buyers.
When asking questions, you will learn to ask permission first, especially because you are going to ask about financial matters. Because this is a very sensitive matter, use a non-threatening, empathetic, and matter-of-fact tone.
Listen carefully to what your prospective client is saying and ask questions to further clarify before delivering your sales pitch.
You will also learn what questions you can ask if you’re not sure about your client’s capacity to buy at that point in time:
- Do you think this product is what you need to invest in right now or do you still need time to raise funds for this?
- For suitability reasons, how would you describe your financial circumstances right now?
Module 8: Presentation
In this module of the Straight Line Persuasion course, Belfort makes an actual presentation of the sales offer. It is crucial to make a solid argument on why buying your product right now will help them.
He shares here the effective tonalities to communicate the following:
Here are other important pointers:
- Create urgency so the prospective client will choose to take action right there and then.
- Close with a soft phrase like, “sounds fair enough?”
- Lead the discussion in a straight line and address objections using the loop.
Module 9: The Power of Language
There is power in your words! In Module 9 of the Straight Line Persuasion course, you will learn Jordan’s go-to words when closing a sale. These words may seemingly be simple but they can actually make a whole lot of difference in sales pitches.
Here are some of these power words:
- Virtually– This allows you to make bold claims without committing 100% success.
- Huge upside with a little downside– This helps your client weigh the pros and cons up front, specifically highlighting that the benefits outweigh the risks.
- Incredibly easy to get started– This removes the fear of hardcore commitment. People would naturally gravitate towards ease rather than difficulty.
- We hold your hand step-by-step– This will easily appease your clients, especially because most people are lazy.
- It’s a long-term relationship– This line shows that you’re not just in it to close the sale but also you’re sincerely concerned about your client.
- Please don’t misconstrue my enthusiasm for pressure– This is good to use when you’re pushing for the close but don’t want your client to let his guard up.
Module 10: Becoming a Person of Influence
In the last module of the Straight Line Persuasion course, you will learn to respect whatever decision your client will make, most especially if he will not buy because he cannot afford your product or the product is not suitable for him.
If your prospect gives you feedback that he doesn’t like your product but you think otherwise, persuade him using logic. However, if the client’s reason for saying no is emotional, share interesting information about your company that will make him trust your product.
And more importantly, Jordan emphasizes the importance of establishing relationships with your prospective clients based on honesty and trust.
What is Jordan Belfort SLH?
Straight Line Hiring or SLH is designed for companies that are ready to take gigantic steps towards exponential growth. This uses the components of the Straight Line Persuasion System.
It is an end-to-end hiring process that starts with recruiting the right people, training them, and creating top-notch sales teams. He shares that 80% of companies do not reach their yearly revenue goals because about 64% of new sales reps do not hit their sales targets. With SLH, this problem is fixed because the sales reps that Jordan trains will be ready to close sales starting on day 1.
A company with a high attrition rate, usually related to a sales team complained about having poor performance, can also benefit from Jordan’s Straight Line System. This system has been trusted by reputable companies like P&G, Marriott, and Toyota.
What’s the proof?
Straight Line Hiring clients have tremendous improvement in their first year closing rates by as much as 8x. Very impressive indeed!
How Can I Meet Jordan Belfort?
There are a number of options you can take if you want to meet Jordan. You can book a Live Seminar, a Private Consultation, or enroll in his training course, the Straight Line Persuasion. Just visit his website to get more details.
How Much Is Jordan Belfort Course?
Jordan is offering a number of courses in the Straight Line Persuasion System.
The Straight Line System Fast Track online course focuses on ethical persuasion. There are 5 modules consisting of action plans, worksheets, and other relevant tools. This course is currently offered at a discounted price of $249.50 from the original price of $499.
Straight Line Marketing is a course that claims to be the most effective marketing system in the world. It claims to put all their students in the top 1% of all online businesses. This course is now at $299 from the original price of $598.
Script Builder is a 9-module course on how to write the perfect sales pitch. It is now at $299 from the original price of $598.
How Much Does Jordan Belfort Sales Training Cost?
Straight Line Persuasion, as presented earlier in detail, is composed of 10 modules on how to increase your sales and your confidence. A number of online reviews, both this year and previous years, states that this course costs a whopping $2,000!
However, on his website as of this writing, this course is now offered at a discounted rate of $498.50 from the original price of $997.
It’s probably a Christmas special that will go away soon…
How Much Does It Cost To Book Jordan Belfort?
This information is not readily available on his website. You will need to give details about your requirements so he can give you the actual cost. However, there is some feedback online that he usually charges $30,000 – $70,000 per speaking engagement.
The Jordan Belfort’s Straight Line Persuasion Review: To Join Or Not To Join?
Before I give you my final verdict, let us first read what the others are saying about Belfort and his training program.
Straight Line Persuasion Review: Positive Comments
“When it comes to Jordan Belfort’s Straight Line Persuasion system, I have to say that I discovered quite of few new tricks (especially about tonality) that helped me in my life and business a lot. I think Jordan is a great motivational coach too, but the most important that he supplements his motivational speeches with tools and techniques that you can learn and apply in real everyday life.”
“For me, Jordan’s Straight Line Persuasion had a big impact for me when I first became an entrepreneur & the SLP has become part of my sales game at this point.”
Straight Line Persuasion Review: Negative Comments
“Making money as a high-ticket closer is more difficult than you thought. You have to make thousands of calls to close a few clients. It is not passive income at all. When you stop calling, you stop earning. I reckon Jordan Belfort makes most of his money from selling Straight Line Persuasion instead of being a closer himself. How would he spend so much to teach you if being closer can make more money? Therefore, I don’t recommend the Straight Line Persuasion.”
“Personally I believe that $2000 is rather steep for any online course… I feel this course is best for intermediate and advanced salespeople. True beginners can use the mindsets and self-help part of the course. More advanced guys know that stuff already and the main added value for them will be voice tonality. But 2k for voice tonality is steep.”
My Final Verdict
The Straight Line Persuasion System of Jordan Belfort is not really new. Others even claim that it’s not originally his and it’s already outdated.
Wouldn’t you rather pay for a current training program that is constantly adapting to the volatile market? Besides, who still calls people over the phone to make a sale?
Belfort remains to be a controversial celebrity. To date, he has only paid $10M out of the $110M he was ordered by the court to pay his clients that he had scammed almost 2 decades ago!
Even if the current rates of Straight Line Persuasion system courses are now lower than before, I do not recommend his program. The advantages of honing your sales skills do not outweigh the disadvantages.
Unless, of course, you have money to burn and time to spare…
Are There Any Alternatives to Straight Line Persuasion System?
Yes, there are plenty of sales programs to choose from if you want to pursue this business model. Here are just a few:
- Local Sales Hero
- Sales Rabbit
- Digital Sales Society
- Guide To Starting A Direct Sales Company
- Online Sales Pro
What Is Our Top Recommendation For Making Money Online In 2022?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Real Estate is for you.
1) It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Real Estate business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2) You Own & Control EVERYTHING: As a commission salesperson, you don’t own anything. You have no control over lead quality, commission rates, or even your time.
With Digital Real Estate, you own the assets, which means you have all the power and all the control.
3) Little To No Startup Costs: It’s possible to get into Digital Real Estate with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
4) Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income as a salesperson, you’d have to double the number of calls you take OR double your close rate. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
5) Make Money Helping Real People: This part is what makes it all worth it. As a salesperson, your boss might convince you that what you’re selling improves people’s lives, but in reality, you have no control over what happens once they fork over the money.
But with Digital Real Estate, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Real Estate, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Real Estate makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like Straight Line Persuasion System which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Real Estate.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Real Estate.