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Most of the nation welcome back to part two of the Billy Rickman podcast where we can talk about getting big in business.

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This part of the podcast or this half of the podcast is about having an exceptional customer experience and how to blend that in a way to sell more expensive stuff over time.

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And this is from all the way back in 2019, pre-acquisition.com, pre-hundred-million dollar offers, pre-beard mid-stash.

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And I think that you guys will enjoy it and hopefully enjoy it as much as we enjoy putting on for you.

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I mean one of the things that I tell the gyms is like when we all started, we looked around at whatever analysis doing and said cool I'll charge that.

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But the secret that no one knows is that everyone else is broke so why the fuck would you copy that?

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Welcome to the game where we talk about how to get more customers, how to make more

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customers, how to keep them longer and the many failures and lessons we have learned along the way.

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Hope you enjoy and subscribe.

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And just about not taking yourself too seriously, is that something like it's just a part of you or is that something you tried to now move into to remind yourself is it like a conscious thought?

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I think what you're referencing is Instagram stuff because that's usually like the behind the scenes type stuff.

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And that's not necessarily for me, it's just like that's just how how we live.

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But I think that life can be stressful enough as is like we could all be stressed if we choose to be.

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So there's always something to be stressed about.

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Right, there's always something to be stressed about.

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So it's like I got a funny ass cat and he does ridiculous things and you know, Laila makes funny faces and we just we try and try and keep it light.

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Yeah, awesome, but so let me just quickly ask you then about your five you five.

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I don't know if it's the pillars or what you call them, but essentially the five steps of the customer journey, which is you talk about there, the lead generation, the lead nurture.

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Oh, yeah, so yeah, lead gently nurture sales fulfillment and then resell on the session.

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And depending on the size of the business, you could also include HR and finance, but for most small business owners, they're not really that wouldn't those are not like.

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I mean, in our business, obviously, we need to have this functions, but because right now we have 125 employees right now full time.

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Whereas a small business audience need to concern themselves with that.

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So it's really like how are we getting names?

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How are we how are we generating interested parties, the collecting data, right?

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What are we putting out there to generate it from that point?

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How do we get?

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How do we turn that prospect into somebody who's going to show up for a conversion conversation of some sort, which typically for a brick and mortar service business is going to be how do I get them the schedule?

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How do we get them to show?

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Right.

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And then once they're there, what's the natural series of questions that's going to lead them to want to work with me, which is the sales component.

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And then after that, it's like, cool, once they make the sale, what do I need to do to actually blow them away?

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And this is kind of one of those nuances that's like a little bit more gym specific is most of the time I teach a concept called client finance acquisition.

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And so the overarching picture that when you asked in the very beginning, what is the one thing that has grown the business and how do we do it without going bankrupt and all that stuff.

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Client finance acquisition is how I grew my gyms.

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It's how I grew gym lunch.

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That's how we did all of them so fast.

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And it's essentially when I can put money into ads, right, I prefer to sell something expensive on the front end when someone's the most excited about it.

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Typically, people will do low barrier offers on the front end, right, to try and attract more people.

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My opinion is I can, when someone is excited, I can generate more revenue from that person, get more of a commitment, cover the costs of onboarding and give an amazing experience.

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And then when the cost of a film drops because that person knows the system, knows the work, knows how to be a good client, then at that point, I can decrease their continuity.

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And so most people, in my opinion, have the backwards.

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And so I got a decent amount of credit for saying, downsell the upsell, I don't think I'm the one who invented it, but it works well because what happens is you're like, hey, do you want to have more of what you've just got for half price?

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And they're like, everything I just got was amazing.

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So I can get all of that for half.

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Like, yes, you want to stay.

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They're like, yeah, rather than, hey, I just gave you everything for nothing, want to now pay for it.

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And they're like, I don't know, maybe.

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Yeah, yeah, yeah, yeah.

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Isn't one of the twice the amount, yeah.

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Right.

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And so we've flipped it, and that's what has been, so what happens is, let's say I'll give you a numbers example.

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So let's say you spend $100 a day on ads, right?

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Yeah.

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And day one, you put $100 in, and let's say you get 10 leads, right?

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For 10 bucks a piece, right?

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And then from those 10 leads, you get seven to schedule, okay?

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And then from the seven that schedule, you get four to show, and from the four that show, you get two to buy.

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And so, and you're getting them to buy at 600 bucks a piece.

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So you made $1200 from your $100, right?

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And so what that would look like is, let's say day one, you spent $100, day two, you spent $100.

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Now, let's say those people came in on day two that you spent on day one, and then you made the sale.

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On day four, you should be able to get the payments from, you know, they would actually hit your banking out.

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I'm talking like, real money in your banking out, right?

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It would say, yeah.

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On day four, which essentially means that I'm now down 400, because day one, day two, day three, day four.

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But then I get my $1200 deposit, right, from those first two sales.

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Yeah.

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At that point, is when the rest of the campaign is cash flowed from sales that have happened.

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So you're going to be in today.

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Right, it's a negative acquisition cost.

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And so now I'm making money getting new customers.

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And so there's really no reason to stop until you have another bottleneck.

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And so that's typically what happens with our guys is acquisition no longer becomes the limiting

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fact in your business. Usually it becomes operations.

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Because most people don't have the skill set to lead, don't have the skill set to manage,

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they're entrepreneurs, they're not organized, blah, blah, blah.

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And so that becomes the next bottleneck.

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So everyone thinks it solves all their problems.

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When in reality, it just exposes the weakness of their operation.

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Yeah, yeah.

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And so then they're like, oh my god, I have all these people coming in and knowing staying.

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It's like, right, you should sucks.

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That's why you didn't have people to begin with, right?

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Now everyone just knows.

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So, and then, you know what I mean?

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And then you're going to put the process in place like, yeah, I've reached out to you.

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I've hit written cards, you've got to have a wow package.

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You know what I mean?

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There's all these things that everyone's like, man, our stuff's so good.

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If people, if people just knew about it, like if your stuff was so good, people would already know.

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Yeah, yeah.

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You're not that good.

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And that's why you're struggling.

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If we're being real, you're not that good.

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You're just mediocre.

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And that's okay, but everyone else is.

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Yeah, I heard you're talking about Jeff Bezos' quote the other way, the other day.

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And it was the one where you're talking about the customers that are always going to be just satisfied.

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Yeah.

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But it's true, right?

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I hear Salona's all the time.

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I always ask them when one of the questions I ask was like, so tell me just what is your USP?

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What is your point of difference?

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And everybody always says, oh, my customer service.

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I'm like, not everybody can have a point of difference.

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This is your great customer service.

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Your customer service is probably just the expected level of customer service.

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It's not exceptional.

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You guys love that you're listening to the podcast.

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If you ever want to have the video version of this, which usually has more facts, more visuals,

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more graphs, you know, drawn out stuff, sometimes it can help hit the brain centers in different ways.

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You can check out my YouTube channel.

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It's absolutely free to check that out if that's what you are into.

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And if not, keep enjoying the show.

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I want to go back a little bit if I can't just to the acquisition though,

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because I know a lot of people who were just listening to that would be like,

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that's awesome Alex.

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I totally understand.

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Let's flip it.

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Let's get them on the high value first.

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And then we can deliver a reduced price later, keep them on the program.

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How is it then that you get people purchasing a high dollar value amount if they don't know

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anything about your business in the first place?

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So you want to talk about GMOs, that's fine.

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We can relate that's the same to Salon's.

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How do I get somebody to spend 600 dollars straight off the bat

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when in most Salon owners eyes they're like, I can't get people to pay 40 dollars straight

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off the bat.

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Right, one word is sales.

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I'm just being like super row with you.

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Because I think the biggest thing that is underestimated and under appreciated

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is making an amazing offer, right?

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So I had a mentor early on and most people don't know who he is.

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So TJ Travis Jones was in the gym guru's space way back when I don't know if he's doing

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anymore, but at this point, I had no gym, I had no clients, I had no nothing and I bought a

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$3,000 seminar on marketing, you know, as long as I don't know what I was doing, right?

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I had no idea.

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I can't buy food, but, you know, I can't buy a seminar.

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So he was, I went there and I was, he was like, yeah, just so.

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And I was like, I'd never even sold anyone before on anything.

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So I was like, what does that mean?

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Like, I don't even, what do you say?

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Like, I had no concept and he was like, he's like, bro, in his Australian accent.

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And he was like, sales is just like, you just have to give people an offer that they would

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feel stupid to say no to.

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And for some reason, because it was like, probably because it was so early on in my career,

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just like imprinted on me.

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But it's something that I've really, I've really kept is like, if you have to be an amazing

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salesman to make the business work, the business is broken.

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And so the way to make any person be able to sell is to give an offer that's amazing.

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And then let the business model and the systems and processes back up,

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why it's so great, you know what I mean?

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Then let the business do the work of keeping a person in getting life to a value, right?

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And so I'm a big fan of ridiculous guarantees, you know, to get people unbelievably happy

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with the experience that they're about to have.

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With your guys is, I mean, I would be doing two step stuff, which is I'd be closing $100

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appointments, like pay $100 just to meet with this person because she's so amazing,

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like she's booked down the celebrities all day long.

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So I'd position her and then I would go in and just have an assumed close for like two grand

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for like extensions and whatever. That's the angle I would take.

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That's a more sales oriented process.

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The other way from an offer standpoint, and this is where it gets a little bit more difficult

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for me to like dive in, it's like, you have to look at all the different

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enslaved services that exist and think like, what thing could I offer for free

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that I could then upset other portions that they really can't live with that?

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So I'm still free here. So an example would be there's like a weight loss clinic that I know,

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I'm not sharing names because they're whatever, but they'd run free, free weight loss, just free,

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like free, it was a clinic. And so what happened is they would come in and they're like,

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we'll continue. I mean, it was like $5 a week, something nothing, right?

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And as long as you continue by food from us or by bars from us or whatever,

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then you're good to go. And so when a margin would be anyway.

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Right. So they gave the service away, but then they monetized another aspect of it, right?

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And so it's like, it's just like how creative can we go with the offerings so that people like,

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people have a cool offer that's going to generate a lot of traction, but then how are we going

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to monetize it, right? And so I think everyone thinks too, too, too dimensionally, like if they're

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a chiropractor, it's like, well, I just got to give free back cracks. It's like, okay,

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what else do you sell? You know what I mean? What else is this person who has a bad, bad coming in

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with? They probably have pain because they're overweight, it's probably because they, you know,

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I mean, like, it's just like, let's take a couple more thought processes and think,

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how can we make an offer that's going to be, I call them a splinter stack, but most people are like,

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they want to compete on best value, which is the dumbest thing in the world because no one understands

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it, right? It's like, we do this and this and this and this and it's all included, you know,

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or whatever, right? But they don't say that, right? They're like, this is what we do, right?

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But instead, you should peel off each of these things, right? And then name them as like bonuses

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for this thing. So like, you could have like upcrack your back and as a bonus, you can get this

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and this and this and this and this and this. And then it seems like your stack each of those

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value when it was steps you were going to do anyways, right? Yeah. It's like how would be creative,

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you know, in that, in how we're making offers, you find the right offer. You're, you're, you're

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older. Lastly, on that point, one of my challenges I'm trying to work through anyway with my clients

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and certainly in the industry as a whole, and I think I've heard a lot of you talking about the

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same thing, is it break, is it about breaking the limiting beliefs around this particular topic?

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About like, no, that doesn't work in the industry. And I don't just like, even right now people would

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be, when I upload this, people listen to this and go, no, that wouldn't work for our industry.

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That's a gym thing. And I'm like, I reckon it's probably most gym owners would say, right now,

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it doesn't work for the gym industry there. But you're coming along and disrupting the industry and

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go, well, actually, we've just been doing it all wrong. And I think that's kind of the message I

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want to do in our industry as well, because traditionally, like, people with technicians, right?

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They're, they're really good at hair or they're really good at beauty, but they're not really

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good at marketing, not really good at sales. And because of that fear factor of learning that,

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they don't do it. And so what do they do? They do the basic stuff that everybody else is just

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doing. They just go, well, I'll just keep putting it off around there. That's, you know,

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get a free facial for, not free facial, but get a facial for $89. And hopefully it'll convert.

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And then they say marketing doesn't work. But I really love what you're doing, because you're

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disrupting patents and disrupting what people's beliefs are around marketing and offers.

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Yeah, I mean, if there's eyeballs, like marketing works, period, you know, I had, I had a

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chiropractor here. And he's like, yeah, I tried Facebook ads. They don't work. I was like, yeah,

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it's like I tried marketing. It doesn't work. Like what? You know, like I tried marketing. I don't

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even know what that means. You know, I mean, like, I ran an ad once. Right. Yeah. I mean, it was

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probably like a boosted post of a picture of him that didn't have any copy. We're an offer.

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Just whatever. But I mean, if you're listening to this, I mean, you don't know why I am, but

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there's so much more than you're letting yourself do. I mean, one of the things that I tell the

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gyms is like, when we all started, we looked around at whatever analysis doing and said, cool,

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I'll charge that. But the secret that no one knows is that everyone else is broke. So why the

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fuck would you copy them? Right? It's being real. And so that's, that's the, that's the fundamental

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issue, right? Is that most people are broke? Most people, not some, most people. And so you talk

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about the gyms that closed 80% of them are still open and the person's head is just barely above

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water. Yeah. And they've been that way for six years, right? And every day they wonder why they're

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still going to work, right? Still think like by doing the same thing, they're going to get a different

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result tomorrow. Right. And hoping for a corner to come that you're going to turn, that never does.

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Right? If I just had more clients, if I just had 10 more, whatever, and the things has never

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comes, right? Yeah. They don't change their actions and they don't change their beliefs.

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Finally, let's wrap this up. Three things any business owner should be doing right now to help

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drive their business. Just middle summary. Yeah. Three things. Well, we have more clients,

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increase your prices and get people to buy more times. Those are the three things that someone should

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do. You know, but if people aren't doing that, then I'm a big rule by metrics. So like if you don't

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know what your nutrition is, can't improve it. If you don't know what your average ticket is,

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can't improve it. If you don't know what your lifetime value is, can't improve it. And so it's like,

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if you don't even know those things and what three things can I tell you to do. So do all that first

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then once you at least have metrics, you can start living them. Alex, thanks for joining me.

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I really, really appreciate your time. And I know you're super busy. And Peter, take the time out

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with me this morning. Well, in the afternoon view, there is a huge on out. And I'm just super

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stoked. I know a lot of people, like you said, even though we spoke about gym stuff, a lot of the

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information you said today is just brick and mortar business, small business growth, marketing sales.

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It's all the same stuff, right?
