WEBVTT

1
00:00:00.000 --> 00:00:05.520
What's up, guys? I made a short podcast. It's two parts. This is part one with Emmanuel Bolo,

2
00:00:06.320 --> 00:00:11.520
crazy story, a guy resets me a hundred times and said, I promise you, if you will come on

3
00:00:11.520 --> 00:00:14.960
one thing and you get falling up and again and again, I really don't want to do it. He's like, if you

4
00:00:14.960 --> 00:00:18.560
say yes, he's like, I will get every single human being I know to show up in this podcast. And I was

5
00:00:18.560 --> 00:00:25.440
like, all right, man, I'll do it. And Motherfucker messes every human he knew and got like 200 people

6
00:00:25.440 --> 00:00:30.000
live. And I don't think that was the size of his audience at the time. And I just always had

7
00:00:30.000 --> 00:00:32.720
my respect for that. So I want to tell you guys for listening because hopefully you get as much

8
00:00:32.720 --> 00:00:37.280
out of that as I did. But the first half of the podcast is all about making hot ticket offers.

9
00:00:37.280 --> 00:00:41.680
I think you guys will dig it. We got pretty tactical with it because he's like real ground grassroots

10
00:00:41.680 --> 00:00:45.120
right now. And so if you're in that position, I think it'll totally apply to you. So enjoy.

11
00:00:50.720 --> 00:00:53.600
Welcome to the game where we talk about how to get more customers, how to make more

12
00:00:53.600 --> 00:00:57.120
customers, how to keep them longer. And the many failures and lessons we have learned alone

13
00:00:57.120 --> 00:01:02.720
the way. Hope you enjoy and subscribe. And when I went to your book was, you know, one,

14
00:01:02.720 --> 00:01:06.880
you know, changing the cheese and, you know, people having to move from one niche to the other

15
00:01:06.880 --> 00:01:11.280
because they feel that I'm not able to get clients in this niche. And so maybe I should just

16
00:01:11.280 --> 00:01:17.120
switch my niche and I'll get clients. And how exactly does that not solve the problem of client

17
00:01:17.280 --> 00:01:24.000
acquisition? So fundamentally, as long as you are not selling newspapers, which is what I give

18
00:01:24.000 --> 00:01:29.040
as the example of a book, as long as you're not truly selling ice to ask a most, as long as you're

19
00:01:29.040 --> 00:01:32.720
you're selling something that people want, which a lot of times is the problem, right? As long as

20
00:01:32.720 --> 00:01:35.680
you're selling something people want, if you're if you're a marketer, for example, and you're trying

21
00:01:35.680 --> 00:01:39.920
to sell, you know, getting more leads or making more sales, everyone wants that, right? So that's

22
00:01:39.920 --> 00:01:43.840
there's there's really no disconnect there. The issue is usually that you have a lack of skill in

23
00:01:43.840 --> 00:01:49.120
some way. And the problem that rises is when you start trying to switch avatars or switch

24
00:01:49.680 --> 00:01:53.200
niches, you end up having to start over again because you have to learn the avatar, you have to learn

25
00:01:53.200 --> 00:01:56.320
the desires, you have to learn how to speak to them, you have to learn what their problems are.

26
00:01:56.320 --> 00:02:02.000
And the thing that I kind of go with is that all of those will work, but none of them will work

27
00:02:02.000 --> 00:02:06.640
if you try to make them all work, right? So you have to you have to grow through elimination,

28
00:02:06.640 --> 00:02:11.040
right? Because I'm a big big believer in the theory of constraint will grow to the constraint

29
00:02:11.040 --> 00:02:14.800
that we have. And most people, and this is a this is one that maybe everyone in the audience can

30
00:02:14.800 --> 00:02:18.960
resonate with when I see an entrepreneur who's doing a million or five million or 10 million or

31
00:02:18.960 --> 00:02:22.480
whatever, and they say, well, I'm going to start this other vertical. I'm going to start this

32
00:02:22.480 --> 00:02:25.840
other thing. What ends up happening is that this one goes up and their main one goes down and

33
00:02:25.840 --> 00:02:31.200
they're still doing $10 million, except they have more overhead down. And so you can't be CEO

34
00:02:31.200 --> 00:02:36.000
two companies, right? Like think about how many how many publicly traded CEOs exist that are CEOs

35
00:02:36.000 --> 00:02:40.320
of two companies? There's only one person that anyone ever gives and they say Elon Musk, but he's

36
00:02:40.560 --> 00:02:43.920
actually not he's not the operator. He's the owner of founder of those companies and he has people

37
00:02:43.920 --> 00:02:48.080
run them. But the point is is that you're probably not Elon Musk. If you're still struggling to make

38
00:02:48.080 --> 00:02:52.080
your first sales, so if that's the situation, then let's just cross him off the equation and say

39
00:02:52.080 --> 00:02:56.320
that no one is doing CEO of multiple companies. And so the issue is a lot of times with the

40
00:02:56.320 --> 00:03:01.680
definitions, right? So it's like, I'm owner. So you hire one person because you're one person you

41
00:03:01.680 --> 00:03:04.800
figure, oh, well, I'm one person, I'll hire one person and there we go and I'll have a passive

42
00:03:04.800 --> 00:03:08.240
business. But the reality is that there's so many shades of what we do because we're really just

43
00:03:08.240 --> 00:03:12.400
fractionally doing like eight different jobs, right? So your your head of customer service,

44
00:03:12.400 --> 00:03:17.280
your head, your VP of sales, your chief marketing officer, your CEO, you're also owner, right?

45
00:03:17.280 --> 00:03:20.720
And you're so you're doing all of these roles and so you maybe replace the fulfillment,

46
00:03:20.720 --> 00:03:24.480
but you still have to be CMO, you have to be still VP of sales, you still have to be the owner,

47
00:03:24.480 --> 00:03:29.200
you still have to be all these other hats. And so if you're trying to imagine doing that

48
00:03:30.320 --> 00:03:36.720
for two businesses or three businesses, it becomes it becomes a work equation that doesn't work

49
00:03:36.720 --> 00:03:40.080
and people can't solve it, right? And that's why they they burn out and give up because they're

50
00:03:40.080 --> 00:03:44.480
spread to thin. There's not enough heat for the amount of pans on the stove. And so the the

51
00:03:44.480 --> 00:03:48.400
formula, in case anyone's listening, I'm not sure how how to develop the audiences, but for zero

52
00:03:48.400 --> 00:03:53.920
to a million, which is most people are starting out, right? It's just it's one one one, all right?

53
00:03:53.920 --> 00:04:00.080
It's one product to one avatar on one channel. And if you're like, well, I'll do one product,

54
00:04:00.080 --> 00:04:06.560
one avatar, one channel on each of my businesses. No, no, one product to one avatar on one channel.

55
00:04:06.560 --> 00:04:10.720
And you will fail and you will continue to fail until you succeed. And then at that point,

56
00:04:10.720 --> 00:04:14.800
it will begin to work. And most of the time, in my opinion, the reason I started all the the

57
00:04:14.800 --> 00:04:19.120
series of books with the offer is that getting customers shouldn't be difficult. The difficult

58
00:04:19.120 --> 00:04:23.040
to should be in this fulfillment, which means being good at your craft, all right? Because what happens

59
00:04:23.040 --> 00:04:26.000
a lot of times is people think they need to learn more promotion more sales. And that's true to a

60
00:04:26.000 --> 00:04:31.520
degree, right? But it's in my opinion easier to just make a more compelling offer, do more for your

61
00:04:31.520 --> 00:04:36.080
clients, even if you only have a handful of them that is not scalable. And that's okay, because you

62
00:04:36.080 --> 00:04:40.640
need to generate cash flow and make sales, learn as much as you can, get better at your craft.

63
00:04:40.640 --> 00:04:45.040
And then in time, create a more scalable offer as you learn what they value, what they don't value,

64
00:04:45.040 --> 00:04:48.880
what takes your time, what doesn't take your time. And as you ultimately get better, right? And so

65
00:04:48.880 --> 00:04:52.400
that's kind of like the Tesla model, too. It's like you start with the most expensive thing at the

66
00:04:52.400 --> 00:04:57.280
top. You start there. And then as you build that and you brand position as being a week there,

67
00:04:57.280 --> 00:05:01.840
then you can do a mid-level. And then over time, you can trickle down and do a larger, lower cost

68
00:05:01.840 --> 00:05:05.840
item for the base of the pyramid. Most people do it backwards and do it wrong, and you know,

69
00:05:05.840 --> 00:05:09.760
trying to compete against lots of people when they're not even that good. And that's the reality,

70
00:05:09.760 --> 00:05:12.800
right? Because most people don't make money because they're just not that good at the thing they

71
00:05:12.800 --> 00:05:18.000
think they're good at. Because if they were good, then they would be making money. When you said

72
00:05:18.000 --> 00:05:25.520
the most expensive thing, I noticed when I told people to charge more, you know, start with what's

73
00:05:25.520 --> 00:05:30.320
they say, I don't get people who pay me that money or, you know, how do I get people to pay me

74
00:05:30.320 --> 00:05:39.440
that much, right? So how do you usually communicate that? So people will pay you for the value you're

75
00:05:39.440 --> 00:05:44.720
currently trying to provide. That's the issue, right? Is that they won't pay you for what you're

76
00:05:44.720 --> 00:05:50.240
comma for what you're trying to provide them, right? But if you try and provide in excess of that,

77
00:05:50.240 --> 00:05:54.480
and so as a thought experiment or a thought example, think of this. Let's say we said, if you're

78
00:05:54.480 --> 00:05:57.840
selling any kind of B to B thing, right? Which would be like how to increase how much money you do.

79
00:05:57.840 --> 00:06:01.520
Let's just let's just start there because there's a lot of people who are here probably in that space.

80
00:06:01.520 --> 00:06:06.640
If I were to say I can double how much you're making or if people aren't making money who you're

81
00:06:06.640 --> 00:06:12.240
serving, then I say I can add $10,000 a month to your income within 90 days guaranteed or I'll pay

82
00:06:12.240 --> 00:06:15.920
you twice to the cost of the program at the end of the 90 days. How difficult would it be for you to

83
00:06:15.920 --> 00:06:20.320
sign people up? Not hard at all. How difficult would it be for you to get someone to pay you $10,000 to

84
00:06:20.320 --> 00:06:25.440
make $10,000 a month? Well, considering colleges graduate people who are going to make $50,000 after

85
00:06:25.440 --> 00:06:29.600
waiting four years and people pay $200,000 for that, I think it's reasonable to believe that people

86
00:06:29.600 --> 00:06:34.400
would pay between $10,000, $20,000, $30,000 for that skill. And so then the question is,

87
00:06:34.400 --> 00:06:38.720
or what I would normally get after that is like, well, I can't do that Alex, I don't know how to get

88
00:06:38.720 --> 00:06:44.240
someone I can't guarantee that outcome. And it's like, aha, then let's solve the problem,

89
00:06:44.240 --> 00:06:47.840
which is that you don't know how to do that. Now we have a solvable proposition that we can get

90
00:06:47.840 --> 00:06:51.840
better at, whereas I don't know how to get customers, sure that it's also a solvable thing,

91
00:06:51.840 --> 00:06:57.760
but in my opinion, you would be best served honing the craft in finding a way to fill in such a way

92
00:06:57.760 --> 00:07:02.960
that you could guarantee that within reason. And if that's the thought experiment, and on the other

93
00:07:02.960 --> 00:07:08.240
extreme you have, find my thing, and maybe you win and maybe you don't, and I get paid either way,

94
00:07:08.240 --> 00:07:12.240
that's the essence of what most people's offer is. If we just boil it down to soups and nuts,

95
00:07:12.240 --> 00:07:16.480
right? And so if this is one extreme where everybody says yes and lots of people want to buy from you,

96
00:07:16.480 --> 00:07:21.120
and on this extreme you have, it's very difficult to get customers, there is somewhere on this

97
00:07:21.120 --> 00:07:26.800
continuum, ideally one or two shades from this side, right, from the more compelling side that you

98
00:07:26.800 --> 00:07:32.960
can sell and can offer and can fulfill on in a way that will get people better results. So the

99
00:07:32.960 --> 00:07:36.480
example that I give for a lot of agencies, because a lot of people who are starting out learning

100
00:07:36.480 --> 00:07:41.280
on Facebook ads, it's a basic skill, and then they try and sell their services. If I were starting

101
00:07:41.360 --> 00:07:47.120
over again, I would not try and do that. What I would do is I would go find the avatar that I like

102
00:07:47.120 --> 00:07:53.840
locally and say, okay, Mr. Dry Cleaner, Mr. Powerpractor, Mr. Whatever, I will run your ads for free,

103
00:07:53.840 --> 00:07:58.640
and I would like to own the entire process. And so hey, you just cover the advertising,

104
00:07:58.640 --> 00:08:02.800
I'll work your leads, I'll work your front desk, I'll sell the people, and what you could even do

105
00:08:02.800 --> 00:08:06.640
is just negotiate a bulk rate. Hey, if I got you a thousand customers tomorrow, it's the lowest

106
00:08:06.640 --> 00:08:11.120
you could possibly do it for. Maybe you said $200 for whatever the widget is, right? You say cool,

107
00:08:11.120 --> 00:08:15.280
and then you go ahead and sell for $800, and you make $600 on every one of these deals, and you

108
00:08:15.280 --> 00:08:20.240
pay him as $200 to go fulfill on the rest of its margin, right? The beauty is that you would learn

109
00:08:20.240 --> 00:08:25.520
every aspect of how to provide value to that avatar, because let's tell you a story to drive

110
00:08:25.520 --> 00:08:32.400
this home. I had an agency owner who was on our software platform, and we have one call every

111
00:08:32.400 --> 00:08:39.600
month or something that I hop on. And it's the same conversation every month, hey, my customer

112
00:08:39.600 --> 00:08:44.160
side, no one wants to pay me, blah, blah, blah. And you know, over and over again, I was like,

113
00:08:44.160 --> 00:08:48.240
you're not good, that's why they're not paying you, you're not very good, you need to get better,

114
00:08:48.240 --> 00:08:54.000
right? And so every time I was like, dude, stop saying that they tell you that their systems

115
00:08:54.000 --> 00:08:58.960
bad, and you say it's good, and they say it's bad, why don't you go, and he was selling to

116
00:08:58.960 --> 00:09:02.640
realtors, he was selling these to realtors to Saha's, and I said, go get your real steel license,

117
00:09:03.280 --> 00:09:07.040
go work the leads that you're getting right now, and go sell some houses for you.

118
00:09:08.000 --> 00:09:12.640
Then when people say that something's not working, you can help them because you've actually done it.

119
00:09:13.280 --> 00:09:17.120
Everyone's so consumed with trying to sell something they've never done, that they're surprised

120
00:09:17.120 --> 00:09:21.840
that they're not good at. It's the business guru who coaches on how to have a business,

121
00:09:21.840 --> 00:09:25.600
who never had a business, and his entire business was coaching on how to have businesses, right?

122
00:09:25.600 --> 00:09:29.520
That guy never gets big. You'll make some money, but you'll never get big.

123
00:09:30.160 --> 00:09:36.800
True. And Ansonia is asking how long guarantee results on your relationship markets,

124
00:09:36.800 --> 00:09:42.400
as dating, family, marriage, and how do you transfer that same guarantee to those kind of markets?

125
00:09:43.200 --> 00:09:47.440
It's great. So with those types of markets, you just create the guarantee you're on the experience

126
00:09:47.440 --> 00:09:52.080
that they want to have, all right? So this is what's the beauty of being creative as a marketer

127
00:09:52.080 --> 00:09:55.120
or business owner, and I'm not saying the first guarantee is going to hit, but if you interview

128
00:09:55.280 --> 00:09:59.360
your customers, you say, describe to me what you want your marriage to look like.

129
00:09:59.360 --> 00:10:04.560
Describe to me what you want to have happened. For some of them, it might be, we go on dates again,

130
00:10:04.560 --> 00:10:08.240
right? We go on dates together once a week. That might be what it looks like. It might be,

131
00:10:08.240 --> 00:10:13.120
we finally sleep together again after a long time we haven't been together. It might just be that,

132
00:10:13.120 --> 00:10:16.800
like we wake up in the morning, we don't hate each other, or we haven't had an argument in a week,

133
00:10:16.800 --> 00:10:20.720
right? It could be any of those types of outcomes depending on what type of marriages or solution.

134
00:10:20.800 --> 00:10:25.360
I'm just using marriages as an example, right? And so it'll probably have to be around something

135
00:10:25.360 --> 00:10:30.880
a little bit more intangible, right? Now, the key here is, even if you have something that is

136
00:10:30.880 --> 00:10:37.200
intangible, you can still guarantee it because the goodwill from customers typically will still

137
00:10:37.200 --> 00:10:43.120
surpass the desire to re-refund. What I mean by that is, let's say you've got 10 customers,

138
00:10:43.120 --> 00:10:47.520
and normally if you sold your normal services, you'd only have three, right? But if you sold

139
00:10:47.520 --> 00:10:52.560
the guarantee, maybe you get 10, right? Of the 10, maybe two of them say, I didn't experience the

140
00:10:52.560 --> 00:10:57.040
result you were looking for, right? Now, of the other eight, let's say you were promising they're

141
00:10:57.040 --> 00:11:00.160
going to sleep with their partner within 90 days. I'm just throwing out there, just as a crazy

142
00:11:00.160 --> 00:11:04.240
example, right? And let's say at the end of 90 days, they didn't sleep with their partner, but if

143
00:11:04.240 --> 00:11:08.400
their relationship is significantly better and they feel like they are making progress towards that

144
00:11:08.400 --> 00:11:13.840
goal, they will not ask for relief. People want to see progress, right? And so what's important is,

145
00:11:13.920 --> 00:11:17.440
and also in terms of the language, the messaging you use when you're talking to your audience,

146
00:11:17.440 --> 00:11:20.960
this is what I try and talk to you in terms of everyone here, when I talk to entrepreneurs,

147
00:11:20.960 --> 00:11:25.680
is that we have this psychological bias towards binary thinking, which is yes or no.

148
00:11:25.680 --> 00:11:30.400
Good marriage, bad marriage, right? When it's much more to what extent or how good is my marriage,

149
00:11:31.280 --> 00:11:36.000
right? So it's a rate, it's a scale, it's not yes or no. And so if you can teach your clients to think

150
00:11:36.000 --> 00:11:40.400
on a continuum rather than in the binary, you'll shift their thinking enough that it won't even

151
00:11:40.400 --> 00:11:43.920
matter because if they've made that, made that frame shift, then you will have gotten them on

152
00:11:43.920 --> 00:11:48.480
a progression that they will be able to continue to improve over time, and they will contribute

153
00:11:48.480 --> 00:11:54.400
that improvement to the intervention that you provided for them. So basically selling the experience

154
00:11:54.400 --> 00:11:59.920
to them, I'm basically ensuring that they get progress along the journey. Yeah, so I would just

155
00:11:59.920 --> 00:12:04.960
like to ask, like when it comes to qualifying the avatar that deserves a grand slammer of art,

156
00:12:04.960 --> 00:12:10.160
right? I mean, you won't just put together a very good offer and give it to anyone because

157
00:12:10.160 --> 00:12:15.200
it might be difficult to get the results, because you have maybe a broken system or something.

158
00:12:15.200 --> 00:12:20.960
So how did you make that process work? I know you stay with James, but you know, in order,

159
00:12:20.960 --> 00:12:26.240
it's difficult to predict that sentence, I would just say. Yeah, I mean, we have business

160
00:12:26.240 --> 00:12:32.000
opportunity companies, we have photography companies for children, we have a company that does,

161
00:12:32.560 --> 00:12:37.040
because we have a software that is lead working, we have an eCommerce company, we have a licensing

162
00:12:37.040 --> 00:12:41.280
company. So we have a vast, you know, a vast array of different different companies that we have a

163
00:12:41.280 --> 00:12:45.360
certification company, a vast array of different things. I'll say that. You can increase the

164
00:12:45.360 --> 00:12:50.080
quality of your product when you increase the quality of your prospects. And so the easiest way

165
00:12:50.080 --> 00:12:53.280
to look at this is look at the customers that you like the most, the ones who've had the most

166
00:12:53.280 --> 00:12:58.480
success, you sing your praises, right? Sing your songs and look at them and then compare them to the

167
00:12:58.480 --> 00:13:02.880
people who you do not like, who haven't had a good experience. And then what you do is you go

168
00:13:02.880 --> 00:13:07.920
backwards 90 days and say, what was the experience to people who one had in their first month?

169
00:13:07.920 --> 00:13:11.520
What are the things they did that were different than the people who failed? Once you can

170
00:13:11.520 --> 00:13:15.200
eliminate it, one of those things were, it might be milestones that are achieved, it might be a

171
00:13:15.200 --> 00:13:18.880
certain percentage of material that was washed. It could have been, it could have been coaching

172
00:13:18.880 --> 00:13:22.880
calls attended, whatever type of solution you're providing, marriage, weight loss, business,

173
00:13:22.880 --> 00:13:27.040
whatever, right? It could be any of those things, right? And there's probably some associated action

174
00:13:27.040 --> 00:13:29.840
that has to go with it. If it was weight loss, it might be logging food. If it was business, it

175
00:13:29.840 --> 00:13:33.840
might be sending emails. If it was, if it was marriage, it might be, you know, filling out the

176
00:13:33.840 --> 00:13:38.880
checklist of things they love about their partner, whatever it is, right? What are those milestones that

177
00:13:38.880 --> 00:13:43.200
have to occur to activate the customer so that they're likely to experience the outcome that you

178
00:13:43.200 --> 00:13:47.760
are promising them? And so what the metrics of your customer journey should look like and your

179
00:13:47.760 --> 00:13:53.280
customer access team should be driving towards those activation points, those milestones. So if we

180
00:13:53.280 --> 00:13:57.760
know that people who have both spouses who fill out the checklist of the things they like about

181
00:13:57.760 --> 00:14:02.960
each other and their favorite memories of their relationship, we know that if both people fill that

182
00:14:02.960 --> 00:14:07.040
out and they attend two calls in their first 14 days, the likelihood that they finish the program

183
00:14:07.040 --> 00:14:12.240
and experience great results is three times as high. So then all of your effort goes towards pushing

184
00:14:12.240 --> 00:14:17.120
them through that milestone so that they can change the color of their flag and then get to where

185
00:14:17.120 --> 00:14:21.680
you want to go. So that's ultimately how you can change it. And when you're looking at reverse,

186
00:14:21.680 --> 00:14:26.000
that's the experience side, that's the fulfillment side. But you might also note that this person,

187
00:14:26.000 --> 00:14:29.760
you know, has a business or is gainfully employed and this person is unemployed and a stay at home

188
00:14:29.760 --> 00:14:34.800
home. Okay, well, then these are the people not only they did this experience, which I'm going to

189
00:14:34.800 --> 00:14:39.600
try and do on my back end, but on the front end, I'm going to try and weed out these people and

190
00:14:39.600 --> 00:14:43.680
actively select for these people. And then what's beautiful about that is that is an element of niche

191
00:14:43.680 --> 00:14:47.840
in, right? And so when you're making your messaging, you're making your creative and your marketing,

192
00:14:47.840 --> 00:14:52.560
you can speak more specifically to that avatar. Rather than all marriage, you know,

193
00:14:52.560 --> 00:14:58.080
relationships that you're helping, you help stay at home moms with working husbands,

194
00:14:58.080 --> 00:15:02.960
achieve a better marriage who are between the ages of 30 and 50. If you were that avatar,

195
00:15:03.520 --> 00:15:09.120
you're like, shit, that's me. Or it's, I help entrepreneurial men, you know, fall back in love

196
00:15:09.120 --> 00:15:13.520
with their wives again, whatever, right? Like whatever your outcome is, but you can be more

197
00:15:13.520 --> 00:15:18.400
specific about it. And in so doing, you can command higher prices because you can provide more tailored

198
00:15:18.400 --> 00:15:23.840
solutions, which in a very real way provides more value to that avatar, even if the fulfillment looks

199
00:15:23.840 --> 00:15:30.480
the same. You guys love that you're listening to the podcast. If you ever want to have the video

200
00:15:30.480 --> 00:15:35.440
version of this, which usually has more facts, more visuals, more graphs, you know, drawn out stuff,

201
00:15:35.440 --> 00:15:39.680
sometimes it can help hit the brain centers in different ways. You can check my YouTube channel.

202
00:15:39.680 --> 00:15:44.080
It's absolutely free to check that out if that's what you are into. And if not, keep enjoying the show.

203
00:15:46.560 --> 00:15:51.840
So basically, let's assume now, this is like, you know, my space is basically

204
00:15:51.840 --> 00:15:56.640
cost creation. I help cost creators. So if I want to work with people who are more

205
00:15:56.640 --> 00:16:01.840
further along in that cost journey, I know I've made certain sales, right? I basically have to,

206
00:16:01.840 --> 00:16:06.160
you know, it affects, I basically have to like tell them, and you know, for me,

207
00:16:06.240 --> 00:16:11.280
I focus on cost creators who are like business cosplays who are, you know, trying to sell

208
00:16:11.280 --> 00:16:16.000
bosses that give people a financial outright, right? So it's just basically, you know,

209
00:16:16.000 --> 00:16:21.040
tricking your messaging to focus on those people and, you know, without every other person

210
00:16:21.040 --> 00:16:26.560
within other spaces. 100%. So I'll give you an example. And for some reason, it's harder for people,

211
00:16:26.560 --> 00:16:30.160
but the thing is is that they don't change the economics of their business when they change

212
00:16:30.160 --> 00:16:34.400
the economics of the avatar. And that's where you get into trouble. So for example, whatever

213
00:16:34.400 --> 00:16:39.200
your price point you're selling out right now, if you change your avatar from anybody who's a

214
00:16:39.200 --> 00:16:44.160
course creator to people who have high business ROI, then you'll probably be providing far more

215
00:16:44.160 --> 00:16:48.240
value to those people. One, because your process will be more tailored to their approach,

216
00:16:48.240 --> 00:16:52.000
but also because if they're selling business stuff, then they're probably going to be able to charge

217
00:16:52.000 --> 00:16:55.840
higher premiums for it. And so as a result, if they experience a transformation using your,

218
00:16:55.840 --> 00:17:00.880
you know, your system, et cetera, then they're going to make real money, right? And so if you decide

219
00:17:00.880 --> 00:17:04.800
to be more selective with that avatar, then that should be reflected in the pricing and the

220
00:17:04.800 --> 00:17:10.080
fulfillment that goes along with that. So the easy example is we made a decision very early on,

221
00:17:10.080 --> 00:17:14.240
because I was in the gym space, that we were helping gym owners. We were not helping personal

222
00:17:14.240 --> 00:17:18.640
trainers. We're not helping online trainers. We're not helping health coaches. We're helping

223
00:17:18.640 --> 00:17:24.400
just micro gym owners. And so by doing that, half to two thirds, the volume that I would get every

224
00:17:24.400 --> 00:17:30.000
single day of people that they're opting for stuff, we're not qualified. But the people who tried

225
00:17:30.080 --> 00:17:34.800
to compete with us and tried to sell all of them wasted so much time because the LTV of those

226
00:17:34.800 --> 00:17:39.520
customers was so low. And the amount that they required was so high. And the amount that you'd

227
00:17:39.520 --> 00:17:43.600
have to go from zero to one for some of these people, which is the heaviest lifting in all of

228
00:17:43.600 --> 00:17:48.000
business is getting someone to make their first dollar. I had no interest in doing it. I wanted to

229
00:17:48.000 --> 00:17:51.360
take people were making half a million dollars a year and get them two million. A very simple

230
00:17:51.360 --> 00:17:55.840
outcome. It's all I'm doing. And I'd consistently, we just do that. We just, we take you from half

231
00:17:55.840 --> 00:17:59.040
a million to a million, half a million to a million. Because that's something that I can

232
00:17:59.040 --> 00:18:03.760
repeatedly do over and over again. I can demonstrate that value in a very, very high degree of success.

233
00:18:03.760 --> 00:18:08.240
And so if I do that, then I have a very demonstrable way to provide value. And I can monetize that value

234
00:18:08.240 --> 00:18:14.000
quarterly. And I can do with lots of operational efficiency since the process is so, so clear cut

235
00:18:14.000 --> 00:18:19.920
between each customer. Also, talk to us a bit about the gruel and I mean, that's one of your

236
00:18:20.000 --> 00:18:26.480
tenets in your company, right? So, yeah, you talked about market efficiency or basically

237
00:18:26.480 --> 00:18:32.560
the market's grid by 60% every year. And if you don't keep up, you basically are going backwards.

238
00:18:32.560 --> 00:18:37.120
So how do you tweak your office in your companies every single year or every single

239
00:18:37.120 --> 00:18:42.400
you know, worst period of time? How do you how do you work around this? It's more about embracing change

240
00:18:42.400 --> 00:18:46.880
and about being flexible. In terms of like the goals that we set, you would be surprisingly

241
00:18:46.880 --> 00:18:51.200
bored by the types of goals that we set within our company. You know, I can tell you the last

242
00:18:51.200 --> 00:18:55.600
quarter's goals, we always trickle back to the same things because it's either if we're going to grow,

243
00:18:55.600 --> 00:18:59.920
we can only do two things. We can either get more customers, we can make them worth more. That's it.

244
00:18:59.920 --> 00:19:04.640
And so we'll have two to three goals tops. We never have more than that for the company and

245
00:19:04.640 --> 00:19:07.920
that'll be like, okay, well, we're going to take wherever we see the weakest point within our

246
00:19:07.920 --> 00:19:11.760
within our pipeline, which maybe the pipeline's great. It's like, okay, well, we just need a

247
00:19:11.760 --> 00:19:15.440
double front and volume. But I wouldn't make the goal of doubling front and volume. I would probably

248
00:19:15.440 --> 00:19:19.440
make the goal of bumping front and volume by 10 to 15%. That would be the goal for the quarter.

249
00:19:20.000 --> 00:19:25.040
And I would say we need to assent, we need to take our customer ascension from 40% to 50%.

250
00:19:25.600 --> 00:19:30.000
That would be the backend upgrade, right? That would be one is getting more customers. The second

251
00:19:30.000 --> 00:19:33.680
is making them worth more. And that would be literally the goal for the entire company. And so then

252
00:19:33.680 --> 00:19:38.720
the directors would come up and say, okay, well, I think in order for us to get a 15% boost in volume,

253
00:19:38.720 --> 00:19:43.120
you know, based on our total call volume right now, we need to add three more upbound development

254
00:19:43.120 --> 00:19:47.760
reps to the call team. And that would mean we need to have at one sell development specialist,

255
00:19:47.760 --> 00:19:52.800
which is our mid-level salesperson and one more closer. It's like, okay, so we need to hire five

256
00:19:52.800 --> 00:19:57.600
people. And great, that's what that's what we're going to do. And maybe we need to hire six or seven

257
00:19:57.600 --> 00:20:01.120
because we might not get the ones that we want to keep on the first go around. That's what we're

258
00:20:01.120 --> 00:20:04.960
going to do for the front end. That is the tactics of how that's going to happen. And then on the

259
00:20:04.960 --> 00:20:09.280
backend, we're going to do is we're going to add, you know, these two touch points in and we're

260
00:20:09.280 --> 00:20:13.600
going to make this process that's been a little bit difficult for them a little easier so that

261
00:20:13.600 --> 00:20:18.640
hopefully we can get another 10% of those people to upgrade. That is how we improve the business.

262
00:20:18.640 --> 00:20:23.200
We're not doing rocket science here. We're just trying to increment, you know, incrementally

263
00:20:23.200 --> 00:20:28.240
improve these things. And if I improve by, you know, 15% of both this metrics every quarter

264
00:20:29.040 --> 00:20:33.840
in six quarters, the numbers become crazy. And so I think a lot of people, they try to solve

265
00:20:33.840 --> 00:20:39.200
100 problems at the same time. And it's just, it's impossible for your team. You need focus.

266
00:20:39.200 --> 00:20:43.360
Focus is knowing what you're going to say no to, not what you want to do. There's a hundred

267
00:20:43.360 --> 00:20:48.400
things we all should do. And for perspective for everyone, we crossed 50 million in sales before

268
00:20:48.400 --> 00:20:53.040
we started doing email follow up because I always felt like we had, there were other opportunities

269
00:20:53.040 --> 00:20:58.960
that had more juice to squeeze than email follow up for me in my business. And so that whole time,

270
00:20:58.960 --> 00:21:02.960
when we were at $10 million at $20 million at $30 million, we should have been doing email follow up.

271
00:21:02.960 --> 00:21:07.600
But there were other things we should have done more, which is what we did. And so it's just about

272
00:21:07.600 --> 00:21:11.040
knowing what we're going to say no to. And the one or two things that we're going to say yes to,

273
00:21:11.040 --> 00:21:15.120
because I think most people wildly overestimate with the kind of accomplish in a short period.

274
00:21:15.840 --> 00:21:22.320
True. So you said there's so many problems that you know, business or an individual or a market

275
00:21:22.320 --> 00:21:27.520
physicist. And you know, in your book, you said you just saw every single problem. How does that,

276
00:21:27.520 --> 00:21:33.040
because when I try to introduce that to some people, it feels like, I mean, it's a lot of work,

277
00:21:33.680 --> 00:21:38.800
literally writes number, it's 100 and so on to problems, right? And it turns to solve everyone

278
00:21:38.800 --> 00:21:45.920
of them. So I mean, how does that fit? So your markets went on. So you have to solve every

279
00:21:45.920 --> 00:21:50.800
perceived problem, right? The way in which you saw that that comes down to the delivery cube,

280
00:21:50.800 --> 00:21:55.120
which is in the book, right? So I'll give you an example. I'll use weight loss because everyone

281
00:21:55.120 --> 00:22:00.080
understands it. So if I had a girl and she needs to lose weight, there's a lot of things that she

282
00:22:00.080 --> 00:22:05.440
has to do that are different now than she was doing before. So she might now have to buy groceries

283
00:22:05.440 --> 00:22:09.120
differently than she did before she started working with it, right? Just as a simple example.

284
00:22:09.120 --> 00:22:14.560
Now there is a zillion ways I can solve that problem. So it's not that you have to go grocery shopping

285
00:22:14.560 --> 00:22:19.680
for every customer. It's that you have to solve the problem around the difficulty of grocery shopping.

286
00:22:19.680 --> 00:22:24.800
So for example, I could have a pre-made Instacart for six sets of customers of different weights

287
00:22:24.800 --> 00:22:27.840
that I could copy and paste to her and that you could click one click and she gets it ordered

288
00:22:27.840 --> 00:22:32.720
her house. Easy. I could make custom lists, you know, I could make an excel sheet that adjusts

289
00:22:32.720 --> 00:22:36.560
based on every customer if they enter their weight in, that adjusts the grocery list for the week.

290
00:22:36.560 --> 00:22:41.360
That's the second one. I could make pre-made lists, not even a calculator, just pre-made PDS for

291
00:22:41.360 --> 00:22:45.200
a hundred different, you know, weight scales. And so that way it's still tailored to them,

292
00:22:45.200 --> 00:22:50.480
but I do that work up front and then after that it's just plug and play, right? I could do a large

293
00:22:50.480 --> 00:22:54.240
group grocery shopping tour. So everyone meets there and then we grow grocery shopping together.

294
00:22:54.240 --> 00:22:58.720
If I want to do it virtually, I could do a virtual grocery store or I could do the live one,

295
00:22:58.720 --> 00:23:04.000
record it and then make that the thing that I'm saying is a fulfillment. I could also do a 101

296
00:23:04.000 --> 00:23:09.520
grocery kind of like I'll help them create it together as a 101 session as a bonus for signing it

297
00:23:09.520 --> 00:23:13.360
for my weight loss program. She's seeing I'm saying here like there's all I did with there's one

298
00:23:13.360 --> 00:23:17.920
problem. And we just looked at how many, you know, I could offer tech support. So when you go to

299
00:23:17.920 --> 00:23:22.320
the grocery store, you can text me and I'll help you pick anything that if you have trouble with it.

300
00:23:22.320 --> 00:23:27.360
I can have phone call support. Like the list goes on and so it's really just limited by your creativity

301
00:23:27.360 --> 00:23:31.200
in terms of what you want to do. Notice half of those things were not creating anything was just

302
00:23:31.200 --> 00:23:36.400
being available. And if I had tech support compared to a PDF, most people would probably value the

303
00:23:36.400 --> 00:23:41.040
tech support higher. I may or may not be willing to do that on a level fulfillment, which again,

304
00:23:41.040 --> 00:23:44.720
I would go back to my first Senate, which is if you don't have that many customers, be willing to do

305
00:23:44.720 --> 00:23:49.680
more so that you can over deliver, learn more about them and then over time become more operationally

306
00:23:49.680 --> 00:23:56.560
efficient. But take a picture. Yes, we want to solve every problem in some way. And then over time,

307
00:23:56.560 --> 00:24:01.200
what will improve your product and your business is how effectively you solve that problem relative

308
00:24:01.200 --> 00:24:07.440
to the cost to you. That is fundamental. Like Amazon took tons of time to invest in building that

309
00:24:07.440 --> 00:24:12.640
infrastructure. But now the marginal cost of any customer on Amazon is nothing, right? Very low.

310
00:24:12.640 --> 00:24:17.200
Right. And so you could either put the workload on the front end, but on the back end, I prefer to

311
00:24:17.200 --> 00:24:21.440
do it on the front end and consistently improve on it. And that's where you have customer surveys.

312
00:24:21.440 --> 00:24:26.000
And as you're fulfilling, which is why like more hands on approaches in the beginning, because you're

313
00:24:26.000 --> 00:24:31.520
learning more about the customer, right? Like that data and the stories behind what you're going to

314
00:24:31.520 --> 00:24:37.040
discover there are so valuable. It's silly not to do it. Hope you guys enjoyed part one of that

315
00:24:37.040 --> 00:24:43.360
podcast with the manual. Bolo, next half of this podcast, we actually go back in time. I'll talk

316
00:24:43.360 --> 00:24:48.960
about how we gather testimonials, gather reviews and how do you tactically go get leads in the

317
00:24:48.960 --> 00:24:52.560
beginning of your business so you can go get sales, make money and do the stuff you need to do.

318
00:24:53.200 --> 00:24:55.040
Don't want to miss it.
