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Would you like to inspect the original subtitles? These are the user uploaded subtitles that are being translated: 0 00:00:00,610 --> 00:00:06,080 Magnetic marketing system by Gkic and Dan Kennedy is the number one best selling 1 00:00:06,090 --> 00:00:09,600 program on direct marketing for businesses of all shapes and sizes 2 00:00:09,610 --> 00:00:12,800 worldwide. The core goal of magnetic marketing is to 3 00:00:12,810 --> 00:00:16,790 put easy to use tools into your hands that you can use to immediately 4 00:00:16,810 --> 00:00:18,650 experience positive results. 5 00:00:18,970 --> 00:00:21,440 Magnetic marketing consists of four key 6 00:00:21,450 --> 00:00:23,140 components number one. 7 00:00:23,150 --> 00:00:25,060 Training on the foundational principles 8 00:00:25,070 --> 00:00:30,020 of magnetic direct response marketing number two examples from multiple 9 00:00:30,030 --> 00:00:32,759 industries. To prove these principles and show how 10 00:00:32,770 --> 00:00:37,360 they can be applied to any business, number three copyright free templates for 11 00:00:37,370 --> 00:00:41,960 lead generation and sales campaigns that can be rewritten and put to effective use 12 00:00:41,970 --> 00:00:46,740 quickly right out of the box number four examples from real businesses that show 13 00:00:46,750 --> 00:00:50,380 how they've applied these concepts to achieve extraordinary results in their 14 00:00:50,390 --> 00:00:53,420 own markets. In this first training session, you'll 15 00:00:53,430 --> 00:00:57,620 discover why traditional advertising methods such as image advertising and 16 00:00:57,630 --> 00:01:01,550 cold calling don't work, and instead how magnetic marketing. 17 00:01:01,630 --> 00:01:06,810 Can transform you and your products and services from unwelcome past to trusted 18 00:01:06,820 --> 00:01:11,220 guest. And now Gkic is pleased to bring you Dan 19 00:01:11,230 --> 00:01:13,810 Kennedy on magnetic marketing. 20 00:01:14,050 --> 00:01:15,730 Hello, this is Dan Kennedy. 21 00:01:15,740 --> 00:01:18,190 Welcome to the magnetic marketing system. 22 00:01:18,590 --> 00:01:20,490 If you want more and better customers, 23 00:01:20,610 --> 00:01:25,720 clients or patients more systematically and surely obtained, you've come to the 24 00:01:25,730 --> 00:01:29,170 right place. It should be reassuring to know that I am 25 00:01:29,180 --> 00:01:33,150 recording this in the twenty fifth anniversary year of the magnetic 26 00:01:33,160 --> 00:01:36,640 marketing system for its latest updated edition. 27 00:01:36,880 --> 00:01:41,590 Over those years, it has been the number one best selling program on direct 28 00:01:41,600 --> 00:01:44,180 marketing for all businesses worldwide. 29 00:01:44,960 --> 00:01:47,470 It is the foundation of a movement that 30 00:01:47,480 --> 00:01:52,090 has invaded hundreds of business, profession, industry, product and service 31 00:01:52,100 --> 00:01:56,240 categories, literally changing the way their customers are obtained. 32 00:01:56,660 --> 00:01:57,270 It has. 33 00:01:57,280 --> 00:02:00,200 Ended being advertising victims and 34 00:02:00,210 --> 00:02:05,540 income uncertainty for tens of thousands of small business owners and it has 35 00:02:05,550 --> 00:02:10,490 liberated countless sales professionals from the drudgery of cold prospecting. 36 00:02:11,110 --> 00:02:14,470 It is as proven as the law of gravity. 37 00:02:15,120 --> 00:02:17,210 I tell you this because it may require 38 00:02:17,220 --> 00:02:22,010 some patience from you for you to really get it and use it, and because it is 39 00:02:22,020 --> 00:02:26,940 contrary to much of what you've probably been told, taught, and come to believe 40 00:02:27,140 --> 00:02:30,120 about advertising and marketing or prospecting. 41 00:02:30,620 --> 00:02:33,320 You might too hastily reject it. 42 00:02:33,620 --> 00:02:35,870 Many of the most enthusiastic and 43 00:02:35,880 --> 00:02:40,960 grateful users of this system had the exact same initial skepticism. 44 00:02:41,660 --> 00:02:48,050 This system is radical in its most basic foundational concept, pull instead of 45 00:02:48,060 --> 00:02:54,480 push or chase magnetic attraction in place of unwelcome stalking and hunting. 46 00:02:54,550 --> 00:02:59,170 I'll kick this off by talking about the discovery that could well be the most 47 00:02:59,180 --> 00:03:03,640 important realization you ever arrive at as a business person. 48 00:03:03,810 --> 00:03:08,380 It is disappointing and frustrating at first, but empowering if embraced and 49 00:03:08,390 --> 00:03:11,650 acted on. I discovered that you can have the most 50 00:03:11,660 --> 00:03:16,460 wonderful product or greatest service ever invented and still starve. 51 00:03:16,880 --> 00:03:21,760 I discovered that you can be a spectacular salesperson and still starve. 52 00:03:22,060 --> 00:03:26,470 You can have a positive attitude that Norman Vincent Peale would envy and be as 53 00:03:26,480 --> 00:03:31,240 motivated as a participant at a Tony Robbins seminar and still starve. 54 00:03:31,740 --> 00:03:37,900 You can be a master closer with 365 sales closes and still starve. 55 00:03:38,500 --> 00:03:39,830 I discovered that you can. 56 00:03:39,840 --> 00:03:43,160 Provide great value, great service, great 57 00:03:43,170 --> 00:03:46,660 expertise, and still starve your business. 58 00:03:46,670 --> 00:03:51,130 Can literally be a paragon of virtues and still let you starve. 59 00:03:51,930 --> 00:03:57,300 Unless and until you have an affordable, efficient, dependable means of attracting 60 00:03:57,310 --> 00:04:03,280 a sufficient flow of qualified buyers, you cannot get rich and you may very well 61 00:04:03,290 --> 00:04:06,340 starve. And you certainly won't have Peace of 62 00:04:06,350 --> 00:04:09,680 Mind. Personally, early I went through a 63 00:04:09,690 --> 00:04:15,560 painful phase of thinking that I should be successful by my great attitude and by 64 00:04:15,570 --> 00:04:17,649 my valuable products and services. 65 00:04:18,070 --> 00:04:20,640 My life changed when it dawned on me that 66 00:04:20,649 --> 00:04:26,690 great was no better than lousy if I had no able, willing, ready buyers to present 67 00:04:26,810 --> 00:04:27,870 great two. 68 00:04:28,130 --> 00:04:29,910 This is the key realization. 69 00:04:30,650 --> 00:04:36,280 Most business owners sort of know this, but they still focus on everything but 70 00:04:36,290 --> 00:04:37,990 this, their education. 71 00:04:38,080 --> 00:04:39,950 Has been about the other things. 72 00:04:40,170 --> 00:04:44,640 Their conditioned thoughts and efforts go to their deliverables and excellence with 73 00:04:44,650 --> 00:04:48,220 them. The restaurants, food and ambiance, the 74 00:04:48,230 --> 00:04:51,310 dental offices, technology and patient care. 75 00:04:51,630 --> 00:04:58,830 Marketing is often viewed as a mysterious but necessary evil, not as the business. 76 00:04:59,560 --> 00:05:04,720 You are here because you are willing to reconsider that entire paradigm, and 77 00:05:04,730 --> 00:05:06,170 that's a very good thing. 78 00:05:06,180 --> 00:05:08,770 It makes you a rare bird soon to take 79 00:05:08,780 --> 00:05:11,080 flight way above all others. 80 00:05:11,660 --> 00:05:13,850 The need for more leads and more 81 00:05:13,860 --> 00:05:19,810 customers for lifeblood exists in businesses of all shapes and sizes, but 82 00:05:19,820 --> 00:05:26,030 few business owners ever develop formal, organized marketing systems to meet this 83 00:05:26,040 --> 00:05:29,610 need. Instead, they constantly seek out the one 84 00:05:29,680 --> 00:05:33,480 magic bullet that will solve this problem as eco paper. 85 00:05:33,490 --> 00:05:38,370 Click, social media, TV, billboards, radio, print ads. 86 00:05:38,590 --> 00:05:42,100 They hope that someone will provide the answer. 87 00:05:42,570 --> 00:05:47,720 The mistake made is they immediately focus on the media without having a plan 88 00:05:47,730 --> 00:05:49,490 or system in mind first. 89 00:05:49,650 --> 00:05:52,740 They are often sold media and pour money 90 00:05:52,750 --> 00:05:58,280 into redoing all their websites or making new video for them into buying online 91 00:05:58,290 --> 00:06:02,270 traffic into some one thing to change everything. 92 00:06:02,730 --> 00:06:09,150 I call these random and erratic acts of and disconnected investments in attempted 93 00:06:09,590 --> 00:06:11,930 marketing. This is chaos. 94 00:06:12,510 --> 00:06:17,240 The more productive answer is to develop a system that attracts new customers to 95 00:06:17,250 --> 00:06:19,360 you in an organized way. 96 00:06:19,640 --> 00:06:22,430 A system that gives you reliability and 97 00:06:22,440 --> 00:06:28,930 predictable results so you finally know when you invest X dollars you can expect 98 00:06:28,940 --> 00:06:34,200 Y number of leads, then Z number of appointments or selling opportunities, 99 00:06:34,840 --> 00:06:39,920 and a system that enables you to better target the most appropriate and valuable 100 00:06:39,990 --> 00:06:42,040 customers for your business. 101 00:06:42,520 --> 00:06:46,010 Most importantly, a system you control, 102 00:06:46,630 --> 00:06:51,040 there is a tendency to want to delegate all the marketing and focus on the 103 00:06:51,050 --> 00:06:54,590 operation of the business and the doing of its services. 104 00:06:55,000 --> 00:06:57,530 This is 100 % wrong. 105 00:06:58,070 --> 00:07:00,420 At the very least you need to really 106 00:07:00,430 --> 00:07:06,400 understand what marketing needs done, why and in what way so you can properly 107 00:07:06,410 --> 00:07:08,150 manage outside providers. 108 00:07:08,810 --> 00:07:10,980 Just as an example of how much trouble 109 00:07:10,990 --> 00:07:12,580 you can get in and have. 110 00:07:12,590 --> 00:07:14,960 Probably suffered multiple times by 111 00:07:14,970 --> 00:07:19,190 turning to outsiders for the marketing that needs to bring you new customers. 112 00:07:19,570 --> 00:07:24,300 Let me summarize the problems with relying on ad agencies and the kind of 113 00:07:24,310 --> 00:07:25,610 advice they give. 114 00:07:25,650 --> 00:07:28,820 Any advertising they produce here are the 115 00:07:28,830 --> 00:07:32,470 agencies. Priorities number one media commissions 116 00:07:32,810 --> 00:07:35,210 number two markups number three. 117 00:07:35,220 --> 00:07:37,280 There are other profit centers number 118 00:07:37,290 --> 00:07:43,290 four creative concerns number five peer approval number six portfolio building. 119 00:07:43,420 --> 00:07:48,760 Number seven awards number eight satisfy the biases of their superiors, number 120 00:07:48,770 --> 00:07:53,800 nine satisfy the clients preconceived ideas, and number ten clients. 121 00:07:53,830 --> 00:07:59,220 Results but frankly, most traditional advertising is deliberately engineered to 122 00:07:59,230 --> 00:08:04,640 defy tough minded dollars and cents accountability here are your priorities 123 00:08:05,020 --> 00:08:10,540 number one results number two results number three results. 124 00:08:11,490 --> 00:08:16,150 Anything and everything that has to do with traditional advertising via an ad 125 00:08:16,160 --> 00:08:21,320 agency is a high risk investment compared to what you can achieve through direct 126 00:08:21,330 --> 00:08:23,960 response advertising and direct marketing. 127 00:08:24,420 --> 00:08:29,370 What you are getting here in the magnetic marketing system is actually built for 128 00:08:29,380 --> 00:08:35,059 accountability, so do not spend money on any advertising or marketing ideas, 129 00:08:35,179 --> 00:08:41,090 strategies, media or services that cannot provide viciously accurate, fast 130 00:08:41,100 --> 00:08:45,080 measurement. Of return on investment period no 131 00:08:45,090 --> 00:08:46,930 exceptions, no excuses. 132 00:08:47,510 --> 00:08:50,290 I used to be briefly in the traditional 133 00:08:50,510 --> 00:08:55,400 advertising world and even the ad agency business, and the truth people don't 134 00:08:55,410 --> 00:09:00,460 understand about ad agencies is that they are glorified commissioned media sales 135 00:09:00,470 --> 00:09:04,830 representatives that are really no better and no worse than the Valpak 136 00:09:04,840 --> 00:09:10,060 representative who comes around and sells you valpak advertising or the imprinted 137 00:09:10,070 --> 00:09:13,310 pen representative who comes around and sells you. 138 00:09:13,320 --> 00:09:18,900 Imprinted pens. Same with those pushing you into online media, website 139 00:09:18,960 --> 00:09:23,740 developers, search engine and traffic managers, social media agencies. 140 00:09:24,420 --> 00:09:29,900 Ad agencies are selling media and they are compensated based on how much media 141 00:09:29,980 --> 00:09:31,480 they can get you to use. 142 00:09:31,700 --> 00:09:34,500 So their advice is not objective advice, 143 00:09:34,700 --> 00:09:38,620 it is advice from a seller and it has to be viewed that way. 144 00:09:38,800 --> 00:09:43,260 All agencies want you doing more and more and more. 145 00:09:43,320 --> 00:09:46,290 Thus spending more and more with them. 146 00:09:46,530 --> 00:09:49,200 They are not into what I teach as 147 00:09:49,210 --> 00:09:53,200 financial efficiency. The other thing to realize is that most 148 00:09:53,210 --> 00:09:57,180 ad agencies and most media representatives have a great 149 00:09:57,190 --> 00:10:01,350 understanding of what's called image or institutional advertising. 150 00:10:01,810 --> 00:10:04,690 It's what I call Goodyear blimp advertising. 151 00:10:05,390 --> 00:10:10,050 When Goodyear flies a blimp over a stadium, they don't have any illusion 152 00:10:10,270 --> 00:10:15,150 that at halftime of the football game 35 thousand people are gonna jump up out of 153 00:10:15,160 --> 00:10:18,020 their seats and run out and buy snow tires. 154 00:10:18,300 --> 00:10:22,490 They don't expect that to happen and it's a good thing they don't, because 155 00:10:22,500 --> 00:10:24,460 obviously it doesn't. 156 00:10:25,200 --> 00:10:27,120 What they're hoping for and what they're 157 00:10:27,130 --> 00:10:32,560 buying is that over a long period of time by these sports fans seeing the Goodyear 158 00:10:32,570 --> 00:10:36,850 blimp over and over and over again, they connect it with this Happy, Pleasant 159 00:10:36,860 --> 00:10:41,680 event and they have warm, nice fuzzy feelings for Goodyear and that someday 160 00:10:41,860 --> 00:10:46,370 when they have to go buy a tire, all of that comes together in their mind and 161 00:10:46,380 --> 00:10:48,960 causes them to buy a Goodyear Tire. 162 00:10:49,340 --> 00:10:51,580 I call that high risk marketing. 163 00:10:51,880 --> 00:10:55,850 It just seems to me that there's a straighter line to get from a person. 164 00:10:55,860 --> 00:11:00,840 Needs tires to buying Goodyear tires, then going through all of that rigamarole 165 00:11:00,960 --> 00:11:06,270 of building a blimp and hiring a pilot and finding a football game and flying a 166 00:11:06,280 --> 00:11:07,520 blimp over it. 167 00:11:07,770 --> 00:11:10,760 Big companies can, I guess, afford that 168 00:11:10,770 --> 00:11:11,710 kind of marketing. 169 00:11:12,010 --> 00:11:15,320 Big companies can afford the risks of it. 170 00:11:15,330 --> 00:11:18,890 Does it sell tires? If so, how many when? 171 00:11:19,230 --> 00:11:23,730 How will we ever know? The small business entrepreneur cannot 172 00:11:23,740 --> 00:11:25,700 afford that kind of high risk marketing. 173 00:11:25,860 --> 00:11:27,650 In fact, the kind of marketing that the 174 00:11:27,660 --> 00:11:31,910 small business owner typically needs is the kind where he invests a dollar in 175 00:11:31,920 --> 00:11:36,490 marketing today and gets it back by noon tomorrow so we can have it in the bank 176 00:11:36,500 --> 00:11:40,700 before the end of the day to cover the check he wrote for it in the 1st place. 177 00:11:41,000 --> 00:11:46,020 That's not going to happen with a blimp or image or institutional advertising. 178 00:11:46,620 --> 00:11:51,770 The only thing it can happen with is direct response advertising or direct 179 00:11:51,780 --> 00:11:54,600 marketing. This is derived from what used to be 180 00:11:54,610 --> 00:11:59,470 called mail order, the discipline of the entire mail order industry. 181 00:11:59,750 --> 00:12:04,720 Now the direct marketing industry is that for every dollar invested, there is a 182 00:12:04,730 --> 00:12:10,280 direct, typically fast and always measurable return of that dollar, plus 183 00:12:10,290 --> 00:12:12,270 presumably some profit. 184 00:12:12,680 --> 00:12:15,480 And most media people and most ad agency 185 00:12:15,490 --> 00:12:20,390 people have little or no understanding of that kind of advertising and marketing. 186 00:12:20,610 --> 00:12:22,850 Most even fear it because it. 187 00:12:22,860 --> 00:12:24,010 He is so accountable. 188 00:12:24,900 --> 00:12:30,360 One of the most famous admin of all time, David Ogilvy, once confessed that quote. 189 00:12:30,580 --> 00:12:35,580 Only the mail order people the direct response people really know what they are 190 00:12:35,590 --> 00:12:38,260 doing. I'm here to tell you that if you want 191 00:12:38,270 --> 00:12:43,350 your marketing done by somebody who really knows what he's doing, you must 192 00:12:43,360 --> 00:12:44,600 own your marketing. 193 00:12:45,220 --> 00:12:47,330 The problem lies with the business owner 194 00:12:47,340 --> 00:12:52,250 trying to abdicate responsibility for generating leads and marketing their 195 00:12:52,260 --> 00:12:57,380 business, and with it offloading control for the whole marketing process. 196 00:12:58,090 --> 00:13:02,240 It's a natural thing to look for a wizard, for someone to hand the whole 197 00:13:02,250 --> 00:13:07,060 thing off to and say just deliver me customers and I'll sit here behind my 198 00:13:07,070 --> 00:13:12,650 counter, or I'll treat my patients, or I'll watch over the food in my restaurant 199 00:13:12,910 --> 00:13:17,900 or whatever and be happy not having to deal with the marketing part of the 200 00:13:17,910 --> 00:13:21,950 business, not realizing that is the business. 201 00:13:22,390 --> 00:13:27,000 When you give that responsibility and that control away, you have very few 202 00:13:27,010 --> 00:13:28,730 options of who to give it to. 203 00:13:28,840 --> 00:13:30,950 Frankly, most of the people who will take 204 00:13:30,960 --> 00:13:35,200 it and take money along with it are really not qualified to make the 205 00:13:35,210 --> 00:13:37,990 marketing decisions about your business. 206 00:13:38,310 --> 00:13:41,100 Not nearly as qualified as you are to 207 00:13:41,110 --> 00:13:42,190 make those choices. 208 00:13:42,570 --> 00:13:44,840 So offloading the responsibility for 209 00:13:44,850 --> 00:13:49,050 marketing is usually a big mistake, and it tends to compound. 210 00:13:49,590 --> 00:13:54,570 The business owner jumps from one hopefully quick fix, one magic answer, 211 00:13:54,730 --> 00:13:58,970 one wizard to another, continuing to write checks along the way. 212 00:13:59,060 --> 00:14:02,660 And never getting the response that he needs to get. 213 00:14:03,480 --> 00:14:07,750 Most business owners start to deal with marketing and say, hey, we have to get 214 00:14:07,760 --> 00:14:11,110 some customers in here, what do we have to do to get customers? 215 00:14:11,670 --> 00:14:17,120 They jump all the way to the media stage and they start to make choices of, well, 216 00:14:17,130 --> 00:14:22,920 let's run an ad in the newspaper or let's send out a flyer, or, hey, the valpak Rep 217 00:14:22,930 --> 00:14:25,990 showed up last week and gave us a pretty good story. 218 00:14:26,110 --> 00:14:29,540 Let's put a coupon in Valpak or let's do an email. 219 00:14:29,550 --> 00:14:34,290 Campaign let's sign up with constant contact or another service. 220 00:14:34,590 --> 00:14:36,220 Let's get busy with Facebook. 221 00:14:36,820 --> 00:14:39,430 They deal with the media choices without 222 00:14:39,440 --> 00:14:43,570 strategies about what it is they want to communicate and who they want to 223 00:14:43,580 --> 00:14:49,280 communicate it to, and then what the best ways are to find and reach those people. 224 00:14:49,360 --> 00:14:51,840 So they're really out ahead of their skis. 225 00:14:52,530 --> 00:14:57,820 Instead, what the smart business owner has to do is gain enough knowledge so 226 00:14:57,830 --> 00:15:03,000 that he is informed, educated and strategic when he does deal with service 227 00:15:03,010 --> 00:15:05,950 providers and when he does pay for media. 228 00:15:06,720 --> 00:15:09,070 The lion's share of whatever his budget 229 00:15:09,080 --> 00:15:14,800 is has got to be invested in methods, media and marketing that is results 230 00:15:14,840 --> 00:15:18,380 measurable so he can track what he gets for his dollar. 231 00:15:18,790 --> 00:15:21,890 He has to learn to say no to other things. 232 00:15:22,090 --> 00:15:27,420 No matter how siren the song and no matter how ego appealing it may be to be 233 00:15:27,430 --> 00:15:32,780 on radio or television, no matter how many people are telling him you have to 234 00:15:32,790 --> 00:15:36,510 be on Instagram, maybe, maybe not. 235 00:15:36,870 --> 00:15:38,760 The questions of who you are trying to 236 00:15:38,770 --> 00:15:44,620 reach and attract and where they are, how your message is best presented, what time 237 00:15:44,630 --> 00:15:48,270 and money resources you have must all be considered. 238 00:15:48,960 --> 00:15:53,010 If there's not a good way to track the results, you've got to be strong enough 239 00:15:53,020 --> 00:15:54,400 to say no. 240 00:15:54,780 --> 00:15:57,530 I want marketing where I can measure what 241 00:15:57,540 --> 00:15:59,220 I'm getting from my money. 242 00:15:59,880 --> 00:16:02,330 For the sales professionals listening or 243 00:16:02,340 --> 00:16:07,530 for business owners with salespeople, your answer is not more cold call 244 00:16:07,540 --> 00:16:13,110 prospecting that is as hit or miss and inefficient as is traditional image 245 00:16:13,120 --> 00:16:16,180 advertising and indiscriminate use of media. 246 00:16:16,360 --> 00:16:22,250 Further, prospects don't like feeling stalked, hunted, badgered or drug into 247 00:16:22,260 --> 00:16:26,190 selling situations. If you sell for a living, the number one 248 00:16:26,200 --> 00:16:30,540 thing on your hate list should be cold call prospecting grunt work. 249 00:16:30,910 --> 00:16:35,960 My late friend Zig Ziglar would call that warm approaching to put a positive spin 250 00:16:35,970 --> 00:16:39,440 on it. I appreciate the spin, but I just don't 251 00:16:39,450 --> 00:16:44,960 see anything warm, friendly, fuzzy, happy, pleasant about this process of 252 00:16:44,970 --> 00:16:49,620 trying to talk to people who at least emotionally if not physically, are 253 00:16:49,630 --> 00:16:53,390 backing away from you as fast as you are moving towards them. 254 00:16:53,810 --> 00:16:58,690 I grew up in the Midwest where we have coal mining, and to me, coal prospecting 255 00:16:58,810 --> 00:17:00,190 is like coal mining. 256 00:17:00,230 --> 00:17:03,000 It's dirty, filthy, ugly, smelly, sweaty 257 00:17:03,010 --> 00:17:09,060 work, best left to people who earn minimum wage with Braun, not maximum wage 258 00:17:09,069 --> 00:17:09,930 with brain. 259 00:17:10,680 --> 00:17:12,630 Regardless of what you have done before, 260 00:17:12,640 --> 00:17:18,099 now as a result of this system, you should never cold prospect again. 261 00:17:18,319 --> 00:17:22,810 I'm going to show you how to eliminate it from your existence and change the way 262 00:17:22,819 --> 00:17:26,560 you attract your customers, clients, patients or donors. 263 00:17:27,230 --> 00:17:32,150 The key is having a magnetic marketing system of your own. 264 00:17:32,640 --> 00:17:37,540 A system, by definition, is reliable, predictable, and consistent. 265 00:17:38,200 --> 00:17:43,130 This means that you are not running ads, wondering what the results will be, and 266 00:17:43,140 --> 00:17:45,620 it operates affordably and efficiently. 267 00:17:46,350 --> 00:17:48,770 This means you aren't doing old-fashioned 268 00:17:48,940 --> 00:17:53,850 prospecting grunt work, getting erratic results and burning out from rejection. 269 00:17:54,510 --> 00:17:59,510 This means that you can go to bed every night knowing within a small range of 270 00:17:59,520 --> 00:18:03,770 variants how much business is coming in by noon tomorrow. 271 00:18:04,540 --> 00:18:07,040 Affordably means several things. 272 00:18:07,140 --> 00:18:09,070 You don't necessarily have to spend a 273 00:18:09,080 --> 00:18:10,440 bundle to make a bundle. 274 00:18:10,660 --> 00:18:13,050 With my magnetic marketing system, you 275 00:18:13,060 --> 00:18:18,260 can often achieve a cost per lead or cost per sale less than your past experience 276 00:18:18,540 --> 00:18:20,000 or your industry norms. 277 00:18:20,220 --> 00:18:21,980 Testing can be done inexpensively. 278 00:18:22,760 --> 00:18:28,130 Ultimately, you can create better value for your business, a better value or 279 00:18:28,140 --> 00:18:29,780 lifetime value customer. 280 00:18:30,450 --> 00:18:32,890 Efficiently means without lots of 281 00:18:32,900 --> 00:18:38,180 overhead, without lots of pointless complications, without hassle, too many 282 00:18:38,190 --> 00:18:42,500 people wind U owned by their business rather than as owners of their 283 00:18:42,510 --> 00:18:45,560 businesses. One of the great virtues of having a 284 00:18:45,570 --> 00:18:50,590 business driven by magnetic marketing is its independence from your continual 285 00:18:51,010 --> 00:18:55,900 hands-on involvement. Some marketing can even be 90 % on 286 00:18:55,910 --> 00:19:00,790 Autopilot. About quantity and quality, the right 287 00:19:00,800 --> 00:19:04,190 balance. We want a lot of response, but we want 288 00:19:04,200 --> 00:19:06,280 qualified response too. 289 00:19:06,440 --> 00:19:08,950 We actually build screens into much of 290 00:19:08,960 --> 00:19:14,150 our magnetic marketing to automatically sift the gems from the sand before we 291 00:19:14,160 --> 00:19:17,640 ever have to talk with the prospective customers personally. 292 00:19:18,380 --> 00:19:23,090 Having a magnetic marketing system puts you in control with the ability to 293 00:19:23,100 --> 00:19:28,500 consistently, reliably, predictably attract qualified leads to your business, 294 00:19:28,680 --> 00:19:31,880 and you can get this to start working very quickly. 295 00:19:32,410 --> 00:19:38,100 At Gkic, incidentally, the organized automated sales funnel is a big point of 296 00:19:38,110 --> 00:19:43,680 emphasis, mastered and shared with every member through resources, live training 297 00:19:43,690 --> 00:19:47,440 and mentoring. There is special software to run such 298 00:19:47,450 --> 00:19:50,780 marketing. You are probably already in new GK IC 299 00:19:50,790 --> 00:19:55,100 member, but if not, don't delay in learning about it at gkic.com 300 00:19:57,360 --> 00:20:02,010 Let's start getting inside magnetic marketing and look at how dramatically it 301 00:20:02,020 --> 00:20:05,900 changes things for the better for you in attracting customers. 302 00:20:06,600 --> 00:20:10,530 I used to live in Phoenix, and if you haven't been there, just take my word for 303 00:20:10,540 --> 00:20:13,590 it. There is no hotter place than Phoenix in 304 00:20:13,600 --> 00:20:14,780 July and August. 305 00:20:15,200 --> 00:20:16,690 One day I'm home alone. 306 00:20:16,700 --> 00:20:20,720 A weekday afternoon in July, everybody's out of the house. 307 00:20:20,740 --> 00:20:24,140 I've got the house to myself and I'm at the kitchen counter. 308 00:20:24,200 --> 00:20:27,650 I've got a pitcher of iced tea, and I've got a client on the speaker. 309 00:20:27,660 --> 00:20:32,100 Phone I'm intensely involved in a conversation with that client when 310 00:20:32,110 --> 00:20:38,160 someone uninvited, unexpected and unknown to me, begins to ring the doorbell and 311 00:20:38,170 --> 00:20:41,550 bang on the front doors of my home with earthquake intensity. 312 00:20:42,090 --> 00:20:43,640 You work for a real living. 313 00:20:43,650 --> 00:20:45,280 You're not home during the day. 314 00:20:45,290 --> 00:20:49,080 But if you stop and think about it, the options of who can be at your home on a 315 00:20:49,090 --> 00:20:53,330 weekday uninvited banging on the door are pretty slim. 316 00:20:53,590 --> 00:20:54,690 It's a pest. 317 00:20:55,230 --> 00:20:57,300 In the recession years, we knew who the 318 00:20:57,310 --> 00:20:59,960 pests. Or because all the Jehovah witnesses and 319 00:20:59,970 --> 00:21:01,250 Avon ladies carpooled. 320 00:21:01,750 --> 00:21:04,460 Now, it can be all sorts of people, but 321 00:21:04,470 --> 00:21:05,370 it's a pest. 322 00:21:05,730 --> 00:21:07,510 I did what you do with pests. 323 00:21:07,670 --> 00:21:12,540 I ignored it, confident that if sufficiently ignored, it would go away. 324 00:21:12,690 --> 00:21:16,240 It didn't. I'm ignoring continuing my conversation. 325 00:21:16,590 --> 00:21:20,150 He's ringing and banging, ringing and banging. 326 00:21:20,330 --> 00:21:21,710 But finally I'm right. 327 00:21:21,790 --> 00:21:23,660 After ignoring him for a sufficient 328 00:21:23,670 --> 00:21:27,250 length of time, he gives up and leaves, ever so briefly. 329 00:21:27,740 --> 00:21:31,850 He goes around to the rural my property, climbs over an 8 and a half foot high 330 00:21:31,860 --> 00:21:36,320 masonry wall with shards of glass embedded on the top to discourage. 331 00:21:36,430 --> 00:21:41,170 This method of entry comes down past the cactuses, the shrubs, the pool and the 332 00:21:41,180 --> 00:21:45,080 spa, and he's now on the patio deck immediately behind me. 333 00:21:45,090 --> 00:21:49,230 He can see my back to him through the pains of glass on the doors on which he 334 00:21:49,240 --> 00:21:51,900 is now banging with incredible violence. 335 00:21:52,380 --> 00:21:55,750 This is by far the most annoying pest 336 00:21:55,760 --> 00:22:00,800 ever, but I'm the most stubborn guy over i keep my back to him and raise my voice 337 00:22:00,810 --> 00:22:02,330 to carry on my conversation. 338 00:22:02,810 --> 00:22:05,460 We have the contest of Wills that seems 339 00:22:05,470 --> 00:22:06,710 to last an eternity. 340 00:22:06,950 --> 00:22:08,100 Finally, he wins. 341 00:22:08,110 --> 00:22:09,950 I can't handle it anymore. 342 00:22:10,120 --> 00:22:12,380 I turn around to deal with the most 343 00:22:12,390 --> 00:22:14,210 annoying pest ever. 344 00:22:14,510 --> 00:22:16,720 It turns out the reason he's there is my 345 00:22:16,730 --> 00:22:18,330 entire yard is in flames. 346 00:22:19,800 --> 00:22:22,190 We set a record that year, 15 straight 347 00:22:22,200 --> 00:22:26,020 120 degree days, and everything was a little dry. 348 00:22:26,260 --> 00:22:30,230 My guess is some imbecile driving through the community, flipped a cigarette butt 349 00:22:30,240 --> 00:22:32,430 into orbit and it picked my yard. 350 00:22:32,440 --> 00:22:33,640 But I'll never know. 351 00:22:33,680 --> 00:22:37,440 But literally everything but the water in the pool is on fire. 352 00:22:37,880 --> 00:22:42,770 This Good Samaritan who thinks I'm an idiot, which is arguable by now, is there 353 00:22:42,780 --> 00:22:44,510 trying to save my house. 354 00:22:44,800 --> 00:22:46,130 Now here's what's instructive. 355 00:22:46,480 --> 00:22:49,780 At that precise moment in time, he went from being the most. 356 00:22:49,790 --> 00:22:54,660 Annoying pest to the most welcomed guest ever to visit the Kennedy household 357 00:22:54,820 --> 00:22:59,140 because he was there with just the right message at just the right moment in time. 358 00:22:59,220 --> 00:23:01,960 In this case, call 9-1-1 stupid. 359 00:23:02,080 --> 00:23:03,280 I'll work the hose. 360 00:23:03,940 --> 00:23:08,550 Now, the reason it's instructive is because, no, it or not, acknowledge it or 361 00:23:08,560 --> 00:23:12,000 not. Like hearing it or not, the vast majority 362 00:23:12,060 --> 00:23:16,590 of the time that you try and communicate with your present, past, or future 363 00:23:16,600 --> 00:23:23,150 prospects, clients or customers, you are categorized as a pest, not as the most 364 00:23:23,160 --> 00:23:26,800 welcomed guest of the day, week, month, or year. 365 00:23:27,060 --> 00:23:33,130 If you change that, you automatically change everything else suddenly gets 366 00:23:33,140 --> 00:23:36,450 easy. If you become what we call a welcomed 367 00:23:36,610 --> 00:23:41,150 guest marketer, there are a number of factors for achieving this status. 368 00:23:41,790 --> 00:23:47,060 The 1st and most important is to change from all other forms of advertising to 369 00:23:47,070 --> 00:23:49,250 what is called lead generation. 370 00:23:50,220 --> 00:23:52,970 Instead of cold calling or image 371 00:23:52,980 --> 00:23:58,900 advertising, magnetic marketing heavily relies on using lead generation that gets 372 00:23:58,910 --> 00:24:04,150 qualified prospects to raise their hands, indicating they're interested in doing 373 00:24:04,160 --> 00:24:10,310 business with you don't force yourself on them uninvited, they come to you already 374 00:24:10,320 --> 00:24:12,140 interested and pre qualified. 375 00:24:12,880 --> 00:24:15,950 In its purest form, a lead generation ad 376 00:24:15,960 --> 00:24:18,080 works just like a personals ad. 377 00:24:18,100 --> 00:24:20,680 It describes who you want to respond. 378 00:24:20,940 --> 00:24:25,020 And who you do not want to respond and gets them to respond. 379 00:24:25,280 --> 00:24:30,360 So your perfect prospect steps out of the crowd and identifies himself to you. 380 00:24:30,540 --> 00:24:35,400 Fortunately, this can often be done with small, relatively inexpensive ads, 381 00:24:35,520 --> 00:24:40,570 enabling you to put the majority of your investable dollars and effort into follow 382 00:24:40,580 --> 00:24:43,360 up marketing to well qualified prospects. 383 00:24:44,180 --> 00:24:46,750 So a personals ad might read like this 384 00:24:47,000 --> 00:24:53,420 single white male, 38 seeks single white female or divorced white female, 25 to 35 385 00:24:53,540 --> 00:24:58,040 into golf, travel, fine dining, Rush Limbaugh and the Grateful Dead. 386 00:24:58,120 --> 00:25:03,420 No pets bigger than a breadbox, right? As you can see, this advertiser has 387 00:25:03,430 --> 00:25:07,910 described who and what he wants and who and what he doesn't want. 388 00:25:08,310 --> 00:25:12,870 A trick to keep in mind is the tighter the description, the more likely you'll 389 00:25:12,880 --> 00:25:17,000 get exactly the respondents you want, although usually at the expense of 390 00:25:17,010 --> 00:25:20,280 quantity. The looser the description, the greater 391 00:25:20,290 --> 00:25:24,820 the quantity of response, but the less likely you'll get the respondents you 392 00:25:24,830 --> 00:25:28,620 want. Last, we add something we call a lead 393 00:25:28,630 --> 00:25:32,950 generation magnet and LGM to stimulate response. 394 00:25:33,860 --> 00:25:35,280 So let's try an example. 395 00:25:35,600 --> 00:25:37,590 Let's say that the perfect prospect for 396 00:25:37,600 --> 00:25:42,680 your service is an experienced, successful corporate executive frustrated 397 00:25:42,940 --> 00:25:47,360 and concerned with his lack of personal financial security and wealth. 398 00:25:47,540 --> 00:25:50,720 Your ad might read something like this attention. 399 00:25:50,980 --> 00:25:55,850 Are you a corporate executive with at least 10 years career experience, a good 400 00:25:55,860 --> 00:26:01,190 income success, but worry that you are not turning that income into wealth and 401 00:26:01,200 --> 00:26:03,860 financial security quickly and systematically? 402 00:26:04,220 --> 00:26:08,640 Enough if you earn at least one hundred thousand dollars a year, have 10 plus 403 00:26:08,650 --> 00:26:13,480 years career experience, own your own home, and are so busy with the demands of 404 00:26:13,490 --> 00:26:17,210 your career, you have little time or energy for personal finances. 405 00:26:17,690 --> 00:26:22,720 My free report, breakthrough wealth building strategies for super busy 406 00:26:22,730 --> 00:26:25,390 executives will be of interest to you. 407 00:26:25,730 --> 00:26:27,940 Please do not respond if you are 408 00:26:27,950 --> 00:26:32,760 completely satisfied with the amount of taxes you pay, the return on your 409 00:26:32,770 --> 00:26:38,180 investments, and the pace of your personal wealth accumulation, or if you 410 00:26:38,190 --> 00:26:40,050 are close minded to new ideas. 411 00:26:40,470 --> 00:26:43,360 If you qualify as described above, you 412 00:26:43,370 --> 00:26:47,530 should read my report before you deposit your next paycheck. 413 00:26:47,750 --> 00:26:53,800 For details and free reports sent by mail confidentially to home or office, call 414 00:26:53,810 --> 00:26:55,680 free recorded message 1. 415 00:26:55,690 --> 00:27:00,230 800 insert number anytime or let's assume 416 00:27:00,240 --> 00:27:04,430 you consult with people about buying the right computer and software for their 417 00:27:04,440 --> 00:27:07,610 needs. Your ad might read something like this. 418 00:27:08,030 --> 00:27:13,080 Warning before you buy a computer or costly software, there are 19 little 419 00:27:13,090 --> 00:27:18,480 known facts and insider secrets store clerks don't know and can't tell you to 420 00:27:18,490 --> 00:27:21,600 get your moneys worth and to get the results you really need. 421 00:27:21,610 --> 00:27:26,290 And what if you are thinking about buying a computer or software this weekend? 422 00:27:26,530 --> 00:27:28,560 Don't until you read this. 423 00:27:28,570 --> 00:27:31,070 Computer industry experts provocative 424 00:27:31,290 --> 00:27:36,650 free report how to avoid computer ripoffs, save money, avoid frustration 425 00:27:36,950 --> 00:27:38,860 and get exactly what you need. 426 00:27:38,870 --> 00:27:40,210 No more, no less. 427 00:27:40,390 --> 00:27:45,840 Savvy buying secrets revealed this report could save you hundreds of dollars and 428 00:27:45,850 --> 00:27:47,650 hundreds of hours of frustration. 429 00:27:48,150 --> 00:27:51,260 For details in your free report called 430 00:27:51,270 --> 00:27:52,430 the Truth Line. 431 00:27:52,450 --> 00:27:56,120 Free recorded message one 800 insert 432 00:27:56,130 --> 00:27:59,280 number. You'll notice I used phone numbers and 433 00:27:59,290 --> 00:28:00,570 free recorded messages. 434 00:28:00,870 --> 00:28:03,130 You could add or substitute websites, 435 00:28:03,510 --> 00:28:07,880 although that does raise questions about the wisdom of driving a prospect from 436 00:28:07,890 --> 00:28:11,690 offline. Engage directly and only with you online, 437 00:28:12,030 --> 00:28:13,930 where there is a whole world of competition. 438 00:28:14,330 --> 00:28:17,670 But that's a discussion too complex for this time and place. 439 00:28:18,310 --> 00:28:23,060 Now, before I get into the nuts and bolts of what you need to have in place before 440 00:28:23,070 --> 00:28:27,350 using these kinds of ads, let me get something off the table. 441 00:28:27,610 --> 00:28:32,070 It's the most common objection we hear, and we've been hearing it for decades. 442 00:28:32,820 --> 00:28:35,500 But this stuff can't work in my business. 443 00:28:36,000 --> 00:28:38,100 For most of your continuing education. 444 00:28:38,380 --> 00:28:41,480 Whatever business you're in, here's what you've been doing. 445 00:28:41,720 --> 00:28:46,050 You belong to a National Association totally made-up of people in your 446 00:28:46,060 --> 00:28:48,710 business. You belong to a state or local 447 00:28:48,720 --> 00:28:53,360 association totally populated by people in your same business. 448 00:28:53,540 --> 00:28:58,760 You go to conventions, meetings and conferences organized by, put on four, 449 00:28:58,820 --> 00:29:04,920 and put on by and attended by people in your same business if you go to a strange 450 00:29:04,930 --> 00:29:09,770 town, you look around to see what everybody else in your business is doing. 451 00:29:09,970 --> 00:29:13,170 You read books written by people in your business. 452 00:29:13,470 --> 00:29:15,570 We have a technical term for this. 453 00:29:15,610 --> 00:29:18,280 It's called marketing incest because it 454 00:29:18,290 --> 00:29:19,990 works just like real incest. 455 00:29:20,190 --> 00:29:22,660 In a short period of time, everybody gets 456 00:29:22,670 --> 00:29:27,340 Dumber and Dumber and Dumber and Dumber until the whole thing just grinds to a 457 00:29:27,350 --> 00:29:31,750 creeping halt. All great advancements in businesses come 458 00:29:31,760 --> 00:29:35,180 from outside the box, not inside the box. 459 00:29:35,340 --> 00:29:37,570 As a consultant, I get to go over and 460 00:29:37,580 --> 00:29:41,950 work with industry a, and because everybody's myopic while I'm over there, 461 00:29:41,960 --> 00:29:44,410 I notice something that's phenomenally effective. 462 00:29:44,640 --> 00:29:49,040 Hardly anybody else outside their business is doing it, but could be. 463 00:29:49,240 --> 00:29:54,030 I borrow it from industry A and I take it over and I teach it to industry B, and 464 00:29:54,040 --> 00:29:57,930 while I'm over there, I notice something they're doing that hardly anybody else is 465 00:29:57,940 --> 00:29:59,700 doing, but could be. 466 00:29:59,710 --> 00:30:02,320 So I borrow it from industry B and I take 467 00:30:02,330 --> 00:30:04,810 it back and I teach it to industry a. 468 00:30:04,970 --> 00:30:07,020 That's how this whole system of magnetic 469 00:30:07,030 --> 00:30:08,990 marketing came to be. 470 00:30:09,110 --> 00:30:11,500 It works, but if you're like almost every 471 00:30:11,510 --> 00:30:16,220 other small business owner, there are three self-destructive myths of running 472 00:30:16,230 --> 00:30:20,490 your business that we must deal with and eliminate from your thinking right from 473 00:30:20,500 --> 00:30:23,830 the start. Number one, my business is different 474 00:30:24,170 --> 00:30:27,300 number two. My advertising has to fit in with 475 00:30:27,310 --> 00:30:29,290 industry norms because. 476 00:30:29,780 --> 00:30:31,710 And fill in the blank with any reason you 477 00:30:31,720 --> 00:30:33,540 like number three. 478 00:30:33,740 --> 00:30:36,160 Tacky mail order kind of advertising 479 00:30:36,600 --> 00:30:38,960 doesn't work and makes me look silly. 480 00:30:39,540 --> 00:30:42,430 None of those concerns has any basis in 481 00:30:42,440 --> 00:30:46,690 reality. This stuff certainly can work in your 482 00:30:46,700 --> 00:30:49,440 business, and I've never seen an exception. 483 00:30:50,060 --> 00:30:54,840 Here is a partial list of the kinds of businesses who've successfully applied 484 00:30:55,040 --> 00:30:59,790 magnetic marketing, chiropractors, cleaning and chemical product 485 00:30:59,800 --> 00:31:05,290 manufacturers, collectibles, numismatic coins, baseball cards, art and art 486 00:31:05,300 --> 00:31:09,820 galleries, the computer industry, software marketing, consulting services. 487 00:31:10,230 --> 00:31:12,630 Cosmetic and skin care products and spas. 488 00:31:12,650 --> 00:31:13,770 Cosmetic surgery. 489 00:31:13,970 --> 00:31:18,310 Dental practices. Financial planners hospitals industrial products. 490 00:31:18,450 --> 00:31:20,250 Investment products and services. 491 00:31:20,500 --> 00:31:22,210 Jewelry stores and artisans. 492 00:31:22,490 --> 00:31:24,410 Multilevel and network marketing. 493 00:31:24,600 --> 00:31:26,910 Nonprofit associations and charities. 494 00:31:27,130 --> 00:31:28,050 Pet stores. 495 00:31:28,090 --> 00:31:29,230 Physical therapists. 496 00:31:29,410 --> 00:31:31,390 Recreational vehicle dealers. 497 00:31:31,530 --> 00:31:33,250 Real estate agents and brokers. 498 00:31:33,430 --> 00:31:35,510 Retail stores of all kinds. 499 00:31:35,630 --> 00:31:36,730 Sales organizations. 500 00:31:37,170 --> 00:31:38,250 Trade schools. 501 00:31:38,350 --> 00:31:39,670 The travel industry. 502 00:31:39,850 --> 00:31:40,770 Weight loss. 503 00:31:40,820 --> 00:31:45,310 Nutrition and on and on and on South. 504 00:31:45,320 --> 00:31:48,110 There's really no business this won't work for. 505 00:31:48,120 --> 00:31:53,850 It also applies to all media, although soon here I'm going to zero in on one for 506 00:31:53,860 --> 00:31:59,240 teaching purposes, then about it being unprofessional or embarrassing. 507 00:31:59,840 --> 00:32:04,220 The better term is radically different and much more effective. 508 00:32:04,740 --> 00:32:10,100 Yes, you may get some criticism, pushback from staff, kidding from peers. 509 00:32:10,340 --> 00:32:11,640 You may be uncomfortable. 510 00:32:11,770 --> 00:32:14,330 With it until it's results soothe your 511 00:32:14,340 --> 00:32:17,300 nerves. But please be smart about this. 512 00:32:17,320 --> 00:32:19,680 It is superior results that matter. 513 00:32:19,840 --> 00:32:21,880 We're not in junior high anymore 514 00:32:22,140 --> 00:32:25,130 obsessing over what other kids think about us. 515 00:32:25,140 --> 00:32:27,540 Let's obsess over what works. 516 00:32:28,300 --> 00:32:30,750 Just as an example, there's a magnetic 517 00:32:30,760 --> 00:32:35,550 marketing system based three letter direct mail campaign that the owner of an 518 00:32:35,560 --> 00:32:42,030 auto parts store has been using nonstop for 10 years, averaging 100$ back for 519 00:32:42,040 --> 00:32:46,870 every dollar invested getting new customers, the 1st letter IS made to look 520 00:32:46,880 --> 00:32:48,550 like their kids wrote it. 521 00:32:48,560 --> 00:32:51,620 With crayons. It's from the kids. 522 00:32:51,720 --> 00:32:53,600 It's full of misspelled words. 523 00:32:53,680 --> 00:32:56,640 It's sloppy, obviously childish. 524 00:32:57,260 --> 00:32:58,500 The tire manufacturer. 525 00:32:58,740 --> 00:33:00,280 They're associated with that. 526 00:33:00,290 --> 00:33:02,450 Offers shops Co-op ad dollars. 527 00:33:02,570 --> 00:33:05,260 Refused to give them any for mailing this 528 00:33:05,270 --> 00:33:09,430 letter because it is amateurish, they told the shop owners. 529 00:33:09,490 --> 00:33:11,630 Surely you can do better than this. 530 00:33:11,990 --> 00:33:13,980 Well, it'll be hard to do better than 531 00:33:13,990 --> 00:33:16,690 100$ for every dollar invested. 532 00:33:17,190 --> 00:33:19,650 So I want you to get out of your own way, 533 00:33:19,830 --> 00:33:25,540 ignore the criticism from others, be different, and worry only about what 534 00:33:25,550 --> 00:33:29,170 works. Now we can get busy building out your 535 00:33:29,290 --> 00:33:30,950 magnetic marketing system. 536 00:33:31,170 --> 00:33:33,880 It has three big building blocks, number 537 00:33:33,890 --> 00:33:40,450 one a truly compelling, preferably irresistible marketing message number 2 538 00:33:40,550 --> 00:33:46,840 high probability target marketing that identifies only those most likely to 539 00:33:46,850 --> 00:33:52,040 respond, and number three the most appropriate effective combination of 540 00:33:52,050 --> 00:33:56,190 media used to deliver your message to your market. 541 00:33:56,700 --> 00:33:59,440 The first building block, then, is right message. 542 00:33:59,900 --> 00:34:04,700 What do you say to your marketplace, to your past, present and future prospects, 543 00:34:04,760 --> 00:34:10,780 clients and customers that is compelling, that is magnetic, that cannot be ignored, 544 00:34:11,080 --> 00:34:16,389 that must be responded to, that draws them to you like a bright porch light on 545 00:34:16,400 --> 00:34:21,940 a dark night draws moths? Do you have a great marketing message? 546 00:34:22,120 --> 00:34:24,179 Most businesses don't. 547 00:34:25,480 --> 00:34:28,239 Second, who you say it to and by 548 00:34:28,250 --> 00:34:31,690 deliberate strategy, who you do not say it to. 549 00:34:31,710 --> 00:34:36,400 Again, most businesses don't ever put real thought into who they're trying to 550 00:34:36,409 --> 00:34:38,090 reach with their products and services. 551 00:34:38,570 --> 00:34:41,100 And 3rd the media, how you deliver the 552 00:34:41,110 --> 00:34:46,520 message to the market effectively, affordably, efficiently, in a way that 553 00:34:46,530 --> 00:34:51,750 involves little or no manual labor and magnetically attracts people to you. 554 00:34:52,020 --> 00:34:57,030 There are a few ironclad rules of magnetic marketing to keep in mind and 555 00:34:57,040 --> 00:35:00,010 adhere to. Number one, there will always be an 556 00:35:00,020 --> 00:35:03,350 offer. On the Internet, especially, there's a 557 00:35:03,360 --> 00:35:06,100 popular idea that content is king. 558 00:35:06,340 --> 00:35:07,340 I would disagree. 559 00:35:07,680 --> 00:35:09,240 The sale is king. 560 00:35:09,580 --> 00:35:11,780 All your marketing needs to have an offer 561 00:35:11,920 --> 00:35:16,870 telling your ideal prospects exactly what to do and why they want to do it right 562 00:35:16,880 --> 00:35:19,790 now. It should be irresistible and time 563 00:35:19,800 --> 00:35:21,990 sensitive and give them some kind of. 564 00:35:22,000 --> 00:35:24,970 Transformative value if they take action. 565 00:35:25,090 --> 00:35:29,590 This is not just an implied offer like a store running ads has. 566 00:35:29,750 --> 00:35:31,910 We're here, come on in. 567 00:35:32,130 --> 00:35:34,890 This should not be a common offer like 568 00:35:34,900 --> 00:35:40,020 the sale of the century this weekend, only more often it will be a lead 569 00:35:40,030 --> 00:35:43,960 generation offer. As we've discussed, a great deal of 570 00:35:43,970 --> 00:35:49,520 thought needs to go into your offer itself, number two there will be a reason 571 00:35:49,530 --> 00:35:50,950 to respond now. 572 00:35:51,490 --> 00:35:53,820 The hidden cost and failure in all 573 00:35:53,830 --> 00:35:57,710 advertising and marketing is in the almost persuaded. 574 00:35:58,290 --> 00:36:01,690 They were tempted to respond, they nearly responded. 575 00:36:02,390 --> 00:36:06,280 They got right up to the edge of response, but they set it aside to do it 576 00:36:06,290 --> 00:36:10,090 later, or to Mull over, or to check out other options. 577 00:36:10,330 --> 00:36:14,960 When they get to that edge, we must reach across and pull them past it. 578 00:36:14,970 --> 00:36:20,430 There must be a good reason for them not to stop short, or delay or ponder. 579 00:36:20,660 --> 00:36:21,600 There must be. 580 00:36:21,610 --> 00:36:25,290 Urgency number three there will be clear 581 00:36:25,300 --> 00:36:28,890 instructions. Most people do a reasonably good job at 582 00:36:28,900 --> 00:36:32,610 following directions. For the most part, they stop unread and 583 00:36:32,620 --> 00:36:37,140 go on green, stand in the lines they're told to stand in, fill out the forms 584 00:36:37,150 --> 00:36:41,200 they're given to fill out, and applaud when the applause sign comes on. 585 00:36:41,360 --> 00:36:46,100 Most people are conditioned from infancy in every environment to do as they are 586 00:36:46,110 --> 00:36:49,320 told. Marketers failures and disappointments 587 00:36:49,800 --> 00:36:51,810 often result from giving confusing. 588 00:36:51,860 --> 00:36:54,760 Directions or no directions at all, and 589 00:36:54,770 --> 00:36:59,860 confused or uncertain consumers do nothing, and people rarely buy anything 590 00:36:59,870 --> 00:37:02,270 of consequence without being asked. 591 00:37:02,590 --> 00:37:04,800 You must walk your prospect through the 592 00:37:04,810 --> 00:37:08,330 steps you want them to take in order to make the sale. 593 00:37:08,830 --> 00:37:12,250 Number four there will be tracking and measurement. 594 00:37:12,610 --> 00:37:16,420 If you want real profits from your marketing, you are no longer going to 595 00:37:16,430 --> 00:37:21,820 permit any advertising, marketing or selling investments to be made without 596 00:37:21,830 --> 00:37:25,240 direct and accurate tracking, measurement and accountability. 597 00:37:25,810 --> 00:37:33,970 Forget about likes, links, opens, shares, reach, visibility, views, engagement. 598 00:37:34,590 --> 00:37:39,520 All of that may be interesting, even indicative, but what matters is that. 599 00:37:39,530 --> 00:37:44,610 For every dollar you spend, you can clearly identify how much comes back as a 600 00:37:44,620 --> 00:37:48,460 result number five there will be follow. 601 00:37:49,160 --> 00:37:50,710 When you invest in advertising and 602 00:37:50,720 --> 00:37:54,850 marketing, you're not just paying for the customers you get, you are paying for 603 00:37:54,860 --> 00:38:01,270 each lead you generate, every call, every walk, in every email every, reaction and 604 00:38:01,280 --> 00:38:02,920 response of any kind. 605 00:38:03,200 --> 00:38:06,070 Doing nothing with even one lead is like 606 00:38:06,080 --> 00:38:08,360 flushing money down the toilet. 607 00:38:08,780 --> 00:38:11,190 It is a serious lapse in judgment and 608 00:38:11,200 --> 00:38:12,180 waste of precious. 609 00:38:12,190 --> 00:38:15,390 Resources every time you fail to follow U 610 00:38:15,400 --> 00:38:18,000 with every lead or every customer. 611 00:38:18,790 --> 00:38:23,230 Number six results rule results rule 612 00:38:23,530 --> 00:38:28,750 period. Do not let anyone confuse bamboozle or 613 00:38:28,760 --> 00:38:32,120 convince you that anything else is of any importance. 614 00:38:32,580 --> 00:38:35,790 Nobody's opinion counts, even yours. 615 00:38:36,060 --> 00:38:37,990 The only thing that matters is the answer 616 00:38:38,000 --> 00:38:38,840 to the question. 617 00:38:39,040 --> 00:38:40,920 What results did I get? 618 00:38:41,370 --> 00:38:45,040 When you implement all these into your marketing approach and marketing 619 00:38:45,050 --> 00:38:49,080 messages, you change the way you communicate with your prospects and 620 00:38:49,090 --> 00:38:52,170 customers dramatically and forever. 621 00:38:52,740 --> 00:38:54,840 Now let's drill down on marketing 622 00:38:54,860 --> 00:38:58,300 message. Most small businesses are out there with 623 00:38:58,310 --> 00:38:59,690 no message at all. 624 00:38:59,910 --> 00:39:02,250 A person opens a restaurant, a floor 625 00:39:02,330 --> 00:39:08,020 shop, dental or law practice, a service business name, the type of business, and 626 00:39:08,030 --> 00:39:10,810 his message is we're open for business. 627 00:39:11,400 --> 00:39:13,050 Typically, he spends a lot of time and 628 00:39:13,060 --> 00:39:18,680 energy worrying about what it looks like inside, which obviously nobody sees if we 629 00:39:18,690 --> 00:39:21,000 don't get them in there in the 1st place. 630 00:39:21,180 --> 00:39:23,290 And he worries about his sign and his 631 00:39:23,300 --> 00:39:27,730 logo and his name, and then he opens the door and he waits for the customers to 632 00:39:27,740 --> 00:39:30,230 come in. He hasn't thought about what he's going 633 00:39:30,240 --> 00:39:35,770 to communicate to the marketplace about who he is, what he's all about. 634 00:39:35,980 --> 00:39:38,940 That should make people want to do business with him. 635 00:39:39,100 --> 00:39:41,380 A marketing message is a way of concisely. 636 00:39:41,810 --> 00:39:46,950 And clearly saying to the right market, here's what I'm all about and here's why 637 00:39:46,960 --> 00:39:48,870 you should choose me. 638 00:39:49,340 --> 00:39:51,520 Every business has to craft a message 639 00:39:51,660 --> 00:39:55,490 that separates them from their competitors and that clearly says to the 640 00:39:55,500 --> 00:39:58,210 marketplace why they should choose them. 641 00:39:58,320 --> 00:40:00,650 Every business has to back up and start 642 00:40:00,660 --> 00:40:05,390 with what am I going to say to the marketplace and why is what I say going 643 00:40:05,400 --> 00:40:08,380 to be interesting and appealing to the marketplace? 644 00:40:09,140 --> 00:40:14,450 Fortunes have been built purely on the strength of great marketing messages, and 645 00:40:14,460 --> 00:40:18,790 tremendous turnarounds in business have taken place as the result of great 646 00:40:18,800 --> 00:40:22,740 marketing messages. Domino's Pizza was originally driven by a 647 00:40:22,750 --> 00:40:27,680 marketing message which everybody came to know fresh, hot pizza delivered in 30 648 00:40:27,690 --> 00:40:29,430 minutes or less, guaranteed. 649 00:40:30,360 --> 00:40:32,350 That marketing message contains a great 650 00:40:32,360 --> 00:40:37,720 example of a unique selling proposition, which I'll get deeper into in a second. 651 00:40:37,900 --> 00:40:41,270 If you dissect it, you'll see some interesting things. 652 00:40:41,840 --> 00:40:45,320 First of all, it doesn't claim to be all things to all people. 653 00:40:45,440 --> 00:40:50,010 There's no mention of Mama's recipe from the old country, no mention of a special 654 00:40:50,020 --> 00:40:53,010 sauce. In fact, there's not even any mention of 655 00:40:53,020 --> 00:40:56,010 good pizza. It's a wonderful example of truth and 656 00:40:56,020 --> 00:40:59,750 advertising. All it says is that it is going to get to 657 00:40:59,760 --> 00:41:06,070 you while it's still hot and it's still fresh, and that they guarantee to do that 658 00:41:06,080 --> 00:41:10,750 marketing message built an empire and a fortune for Tom Monaghan in a very short 659 00:41:10,760 --> 00:41:11,740 period of time. 660 00:41:11,830 --> 00:41:14,160 And built marketplace identity so that 661 00:41:14,170 --> 00:41:17,900 you could probably still go out and stop 10 people on the street, throw the 662 00:41:17,910 --> 00:41:22,120 generic word pizza at them, and seven or eight of them are going to immediately 663 00:41:22,130 --> 00:41:22,890 respond to you. 664 00:41:22,900 --> 00:41:24,090 With dominoes. 665 00:41:24,710 --> 00:41:29,020 Would you have to ask yourself is if you go out in your marketplace, whatever 666 00:41:29,030 --> 00:41:33,400 business you're in, if you're a florist and you go out into your marketplace and 667 00:41:33,410 --> 00:41:38,080 you stop 10 people on the street and you say flowers, and seven or eight out of 668 00:41:38,090 --> 00:41:42,310 those ten respond to you by giving you the name of your business? 669 00:41:42,490 --> 00:41:46,630 How well are you going to be doing? You're going to be doing very well and 670 00:41:46,640 --> 00:41:50,770 that's the power of a clear and compelling marketing message. 671 00:41:50,990 --> 00:41:56,280 As I mentioned earlier, a U or unique selling proposition is the part of the 672 00:41:56,290 --> 00:42:00,390 marketing message that differentiates you from any and all of your competition. 673 00:42:00,740 --> 00:42:05,190 It answers a critical question coming to you from your prospective customer. 674 00:42:05,530 --> 00:42:11,040 Why should I choose you versus any and every other provider of the same product 675 00:42:11,050 --> 00:42:15,680 or service that you provide? So if you're a florist, my question is 676 00:42:15,810 --> 00:42:20,650 why should I choose you as my florist, as opposed to all the other florists who are 677 00:42:20,660 --> 00:42:24,720 up and down the street or who are inside my phone online? 678 00:42:25,240 --> 00:42:30,290 Why should I choose you? You simply have to have a good answer to 679 00:42:30,300 --> 00:42:33,160 that, and that's going to take a little bit of work. 680 00:42:33,240 --> 00:42:38,440 But somewhere in your business there is a good answer, or you need to make one. 681 00:42:38,960 --> 00:42:42,520 Now, for those of you sweating over Amazon, let me tell you something. 682 00:42:42,720 --> 00:42:46,000 You can't be Amazon without your permission. 683 00:42:46,820 --> 00:42:50,480 Their marketing message is the same for everything fast. 684 00:42:50,680 --> 00:42:55,860 Kind of like dominoes in one day or less cheap or cheapest choices. 685 00:42:56,280 --> 00:43:00,080 You won't beat them at that, but it's actually a pretty small territory. 686 00:43:00,480 --> 00:43:04,160 You can't win in combat with them, with their message. 687 00:43:04,320 --> 00:43:08,460 You need a different message of your own that you can win with. 688 00:43:08,720 --> 00:43:13,690 Unfortunately, the first thing somebody does when we start to talk about unique 689 00:43:13,700 --> 00:43:16,560 selling proposition is jump to the conclusion. 690 00:43:16,920 --> 00:43:20,930 That there is nothing special about their business sometimes. 691 00:43:21,110 --> 00:43:23,730 In rare instances, that's true. 692 00:43:24,100 --> 00:43:25,960 That's when you have to do some creative 693 00:43:25,970 --> 00:43:29,930 thinking about your business to make it into something unique. 694 00:43:30,960 --> 00:43:35,770 Here are 10 questions you can ask yourself to help kickstart the process of 695 00:43:35,780 --> 00:43:38,320 finding or creating your U. 696 00:43:39,010 --> 00:43:42,550 Number one, what specifically do you do 697 00:43:42,570 --> 00:43:45,430 that's truly different compared to competitors? 698 00:43:46,070 --> 00:43:49,320 For dominoes? It was originally being there in 30 699 00:43:49,330 --> 00:43:50,390 minutes or less. 700 00:43:50,550 --> 00:43:52,940 More recently they revolutionized the 701 00:43:52,950 --> 00:43:58,540 company against badly sagging sales by taking the worst ranked pizza to the best 702 00:43:58,550 --> 00:44:00,450 ranked for taste and quality. 703 00:44:00,830 --> 00:44:03,170 But that's actually the ante to being in 704 00:44:03,180 --> 00:44:04,870 the game right now. 705 00:44:04,880 --> 00:44:07,770 As I record this, nobody in that industry 706 00:44:07,870 --> 00:44:09,410 has an answer to this. 707 00:44:09,430 --> 00:44:10,360 Number one. 708 00:44:10,790 --> 00:44:14,920 I work with clients as a marketing strategy consultant and as a direct 709 00:44:14,930 --> 00:44:19,160 response copywriter. There are forests full of consultants and 710 00:44:19,170 --> 00:44:24,680 an ocean of copywriters, but there are hardly any single humans who perform both 711 00:44:24,690 --> 00:44:26,790 roles at a top tier level. 712 00:44:27,070 --> 00:44:29,520 As a professional speaker, I've benefited 713 00:44:29,530 --> 00:44:33,680 from being able to be a conference speaker and consult on the marketing of 714 00:44:33,690 --> 00:44:39,380 the conference and write compelling sales copy for the conferences marketing there 715 00:44:39,390 --> 00:44:41,050 is a forest full of speakers. 716 00:44:41,380 --> 00:44:44,090 But there's no other human performing all 717 00:44:44,100 --> 00:44:45,500 three of these roles. 718 00:44:46,270 --> 00:44:49,570 Number two how do you uniquely benefit 719 00:44:49,610 --> 00:44:53,800 your target market? Jk Rowling and her publisher of the Harry 720 00:44:53,810 --> 00:44:58,820 Potter books made each new books release of exceptional benefit to independent 721 00:44:58,830 --> 00:45:04,160 bookstores with the devised plan for big events books held back until release at 722 00:45:04,170 --> 00:45:08,860 midnight, drawing huge numbers of kids and parents into these stores, milling 723 00:45:08,870 --> 00:45:15,200 about at a party in costume snacking and browsing and buying other books for an 724 00:45:15,210 --> 00:45:16,210 hour or more. 725 00:45:16,220 --> 00:45:18,800 Before the clock struck 12, the target 726 00:45:18,810 --> 00:45:22,430 market, the bookstore owner, was uniquely benefited. 727 00:45:22,650 --> 00:45:28,240 And in reciprocity, Rowling got far more promotional work out of the store owners 728 00:45:28,250 --> 00:45:32,310 than hundreds of other authors of other children's fantasy books. 729 00:45:33,090 --> 00:45:37,280 Often special events and classes can attract new customers that would 730 00:45:37,290 --> 00:45:42,520 otherwise ignore the business and provide added value to current customers as well 731 00:45:42,530 --> 00:45:44,050 as the community at large. 732 00:45:44,290 --> 00:45:46,720 In my area there is a local chain of 733 00:45:46,730 --> 00:45:51,390 casual restaurants and Taverns called Winking Lizard, and a big benefit of 734 00:45:51,400 --> 00:45:56,100 being a customer is a mind boggling number of special events held during 735 00:45:56,110 --> 00:46:01,740 every month, some in the restaurants but also golf outings groups escorted to a 736 00:46:01,750 --> 00:46:03,170 classic car show. 737 00:46:03,280 --> 00:46:05,620 And the like some also benefiting 738 00:46:05,640 --> 00:46:08,850 charities. This is so much a part of their business, 739 00:46:08,920 --> 00:46:12,320 it essentially is their unique selling proposition. 740 00:46:13,300 --> 00:46:19,330 Number three can you niche your target market in a way nobody else can or will? 741 00:46:19,650 --> 00:46:25,990 A lawyer bill Hammond created Alzheimer's law, a subset of elder law essentially 742 00:46:26,130 --> 00:46:30,640 wrapping traditional estate planning, Medicare and Medicaid spend down 743 00:46:30,650 --> 00:46:36,270 planning, and other family legal matters inside a differently described package 744 00:46:36,610 --> 00:46:41,900 positioned for families with a senior showing signs of or having been diagnosed 745 00:46:41,910 --> 00:46:42,770 with dementia. 746 00:46:43,540 --> 00:46:46,250 This enabled Bill to use the exact lead 747 00:46:46,260 --> 00:46:49,520 generation strategies laid out in this system. 748 00:46:50,350 --> 00:46:55,320 A chiropractor I handed seminars years ago developed a practice inside his 749 00:46:55,330 --> 00:46:59,730 general practice with a specific program for pain free. 750 00:46:59,780 --> 00:47:05,370 Flexibility enhanced golf so golfers with back problems could hit the ball farther 751 00:47:05,380 --> 00:47:10,100 and straighter and play 18 holes without feeling like they were old and crippled 752 00:47:10,110 --> 00:47:13,650 afterward. Similarly, this enabled the doctor to use 753 00:47:13,660 --> 00:47:19,530 lead generation advertising in place of advertising ordinary chiropractic care in 754 00:47:19,540 --> 00:47:24,550 an ordinary way and advertising the same free consult or exam every other 755 00:47:24,560 --> 00:47:30,580 chiropractor did. Number four the opportunity gap what void 756 00:47:30,590 --> 00:47:36,540 in the marketplace can you fulfill? So-called Robo advising is being marketed 757 00:47:36,550 --> 00:47:40,550 to meet the needs of an underserved segment of the investor market. 758 00:47:40,890 --> 00:47:46,080 Fast casual restaurants like the very successful Panera Bread chain filled a 759 00:47:46,090 --> 00:47:51,090 gap between fast food chains like McDonald's and full service mid-priced 760 00:47:51,100 --> 00:47:54,860 restaurants like Chili's, Applebee's and Olive Garden. 761 00:47:55,800 --> 00:48:00,960 Number five can you add personality in a way that nobody else can? 762 00:48:01,610 --> 00:48:07,280 My friend and client and an enthusiastic adopter of magnetic marketing, Ben Glass 763 00:48:07,290 --> 00:48:11,790 is a personal injury attorney with a thriving practice who has done a fabulous 764 00:48:11,810 --> 00:48:17,540 job of infusing his practice marketing with his personality, philosophy, and 765 00:48:17,550 --> 00:48:21,620 life experiences. My client Ted Oakley's life story is 766 00:48:21,630 --> 00:48:27,040 magnetic to his targeted clients, entrepreneurs who have built up and sold 767 00:48:27,050 --> 00:48:31,060 companies. This doesn't really get you to AU, but 768 00:48:31,070 --> 00:48:35,660 instead focuses on an affinity match, making the choice of providers of a 769 00:48:35,670 --> 00:48:38,770 service about a unique trusted advisor. 770 00:48:39,430 --> 00:48:40,900 You probably know of the famous and 771 00:48:40,910 --> 00:48:43,050 popular magicians Penn and Teller. 772 00:48:43,350 --> 00:48:45,880 They are the only magician team with one 773 00:48:45,890 --> 00:48:47,870 of the partners who never speaks. 774 00:48:48,190 --> 00:48:50,400 Sure, it's a gimmick, but it is a gimmick 775 00:48:50,410 --> 00:48:52,690 that has served them well for decades. 776 00:48:53,670 --> 00:48:56,050 Number six can you offer a superior 777 00:48:56,130 --> 00:49:01,400 guarantee number seven can you deliver your product or service with exceptional 778 00:49:01,450 --> 00:49:05,370 speed? There can easily be another 20 questions 779 00:49:05,570 --> 00:49:10,140 like number six and number seven that dissect your product, services and 780 00:49:10,150 --> 00:49:15,700 business and its marketing message into micro parts, anyone of which may yield 781 00:49:15,710 --> 00:49:19,330 the USP. Geico Insurance has very successfully 782 00:49:19,790 --> 00:49:24,970 made their advertising for the past 10 years about a tiny piece of what they do. 783 00:49:25,030 --> 00:49:29,250 The price quote say 15 % in 15 minutes. 784 00:49:29,510 --> 00:49:31,920 It has nothing to do with the products or 785 00:49:31,930 --> 00:49:33,390 the services to policyholders. 786 00:49:34,010 --> 00:49:36,530 Only with the process of buying coverage. 787 00:49:37,230 --> 00:49:42,560 Guarantees are great paths to a USP, especially if guaranteeing what others 788 00:49:42,570 --> 00:49:46,620 won't. A longtime client of mine and an early 789 00:49:46,630 --> 00:49:51,460 adopter of magnetic marketing, Craig Proctor invented the guaranteed sale 790 00:49:51,470 --> 00:49:53,020 program in real estate. 791 00:49:53,250 --> 00:49:56,010 Radical, then still relatively rare 792 00:49:56,020 --> 00:49:58,270 because most agents are scared of it. 793 00:49:58,300 --> 00:50:00,520 When Craig went to sign up a home seller, 794 00:50:00,530 --> 00:50:05,270 he offered a guarantee tied to the minimum acceptable selling price that if 795 00:50:05,280 --> 00:50:09,700 he didn't sell the home for more than that amount within a specified number of 796 00:50:09,710 --> 00:50:11,930 days, he would buy it himself. 797 00:50:12,780 --> 00:50:15,530 Number eight what do people hate about 798 00:50:15,540 --> 00:50:19,200 businesses in your category that you have the power to fix? 799 00:50:19,660 --> 00:50:23,900 This is a very good question that can lead to a very magnetic marketing 800 00:50:23,910 --> 00:50:27,090 message. Years ago I consulted with a chiropractor 801 00:50:27,100 --> 00:50:30,860 who guaranteed no waiting on arrival for your appointment. 802 00:50:31,100 --> 00:50:33,580 He made it clear he didn't even have a waiting room. 803 00:50:33,790 --> 00:50:39,450 People hate arriving at doctor's offices on time and then waiting for 15 or 30 or 804 00:50:39,460 --> 00:50:40,840 even 45 minutes. 805 00:50:41,040 --> 00:50:43,150 His secret was a room full of. 806 00:50:43,160 --> 00:50:48,180 Automatic heated massage chairs that the arrived patient was plunked into getting 807 00:50:48,190 --> 00:50:53,540 therapy while actually waiting to get into the doctor and orthodontist client 808 00:50:53,550 --> 00:50:58,280 of mine with five successful offices, Doctor Dustin Burleson discovered that 809 00:50:58,290 --> 00:51:02,900 parents of kids coming in for braces worried about having to miss work or have 810 00:51:02,910 --> 00:51:07,780 their kid missed school activities to fit into his offices available appointment 811 00:51:07,790 --> 00:51:11,460 times. So he created a premium fee plan under 812 00:51:11,470 --> 00:51:13,170 which no time off work. 813 00:51:13,220 --> 00:51:15,410 And no missed activities would ever be 814 00:51:15,420 --> 00:51:20,180 necessary, guaranteed. A lot of people hate waiting in lines. 815 00:51:20,300 --> 00:51:24,870 A number of food service businesses, Starbucks included, are tackling that 816 00:51:24,880 --> 00:51:28,470 with advance. Order by a on your mobile phone, your 817 00:51:28,480 --> 00:51:30,430 order ready for pickup on arrival. 818 00:51:30,980 --> 00:51:33,590 People hate waiting, period, and Uber is 819 00:51:33,600 --> 00:51:37,390 capitalizing on that in its war with the taxicab industry. 820 00:51:37,830 --> 00:51:42,690 People hate home contractors who start jobs and then stretch them out, leaving 821 00:51:42,700 --> 00:51:45,860 them undone. For weeks, the companies in the one day 822 00:51:45,870 --> 00:51:50,700 bathtub and shower business with the prefab units that fit over the existing 823 00:51:50,710 --> 00:51:53,710 tub and shower have capitalized on this. 824 00:51:54,290 --> 00:51:56,820 Number nine can you offer some kind of 825 00:51:56,830 --> 00:52:02,410 pricing advantage over your competition? Rice is very tricky and discounting is 826 00:52:02,420 --> 00:52:04,060 like handling lit dynamite. 827 00:52:04,580 --> 00:52:07,590 I recommend reading my book no BS rice 828 00:52:07,600 --> 00:52:11,190 strategy. Done wisely though, rice strategy can 829 00:52:11,200 --> 00:52:14,540 provide or bolster a magnetic marketing message. 830 00:52:14,880 --> 00:52:20,270 Sandals resorts for example moved all inclusive price from cruise ships to dry 831 00:52:20,280 --> 00:52:25,430 land and it's supports their entire marketing message rooms to go uses 832 00:52:25,440 --> 00:52:30,170 bundling with a single stated price for everything you see for the room. 833 00:52:30,310 --> 00:52:35,280 Couch chair tables, lamps, throw rug, sofa sized painting. 834 00:52:35,830 --> 00:52:40,660 Number ten what kind of special experience can you offer your customers? 835 00:52:41,270 --> 00:52:43,570 We live in an experience economy. 836 00:52:44,070 --> 00:52:45,330 People are pretty spoiled. 837 00:52:45,710 --> 00:52:49,900 They can get just about everything delivered or experienced at home, like 838 00:52:49,910 --> 00:52:51,410 live streaming of concerts. 839 00:52:51,850 --> 00:52:52,910 Do you bowl? 840 00:52:53,170 --> 00:52:55,970 Well, we have a virtual reality game for that. 841 00:52:56,090 --> 00:52:57,150 Visit museums. 842 00:52:57,550 --> 00:52:59,930 You can see all the same art online. 843 00:53:00,350 --> 00:53:05,480 This mandates creating great customer experiences and interesting special 844 00:53:05,490 --> 00:53:08,360 experiences. If you want to pry people out of their 845 00:53:08,370 --> 00:53:13,490 cocoons, since you need to do this anyway, it might also lead to your USP, 846 00:53:13,790 --> 00:53:18,480 or at least to temporary OU experiences that have a USP. 847 00:53:19,400 --> 00:53:25,830 That final question number ten touches on something key what special thing can you 848 00:53:25,840 --> 00:53:30,120 offer your customers? It's this process, the creation of 849 00:53:30,130 --> 00:53:34,980 special things as offers, that's another key part of your magnetic marketing 850 00:53:34,990 --> 00:53:38,800 experience. We call these special offers widgets, and 851 00:53:38,810 --> 00:53:43,640 you can think of them as packages of services and goods and premiums and 852 00:53:43,650 --> 00:53:45,950 experiences bundled together. 853 00:53:46,370 --> 00:53:48,460 Widget making is an important marketing 854 00:53:48,470 --> 00:53:51,640 skill. Once you've got it, you'll use it over 855 00:53:51,650 --> 00:53:57,020 and over again every day in your business on a simple level, if we go back to the 856 00:53:57,030 --> 00:53:58,730 pizza business as an example. 857 00:53:59,140 --> 00:54:01,330 They're widget of the week, maybe 2 858 00:54:01,340 --> 00:54:07,890 themed pizzas like NBA Playoffs for a special price, plus a leader of Coke and 859 00:54:07,900 --> 00:54:09,640 four side salads free. 860 00:54:09,740 --> 00:54:11,690 They're not just saying come and buy 861 00:54:11,700 --> 00:54:17,280 pizza from us, they're saying get the NBA Playoffs, watch party dinner box. 862 00:54:17,500 --> 00:54:21,650 One of the best examples that I've seen and that I know quite a bit about comes 863 00:54:21,660 --> 00:54:26,430 from Las Vegas and the hotel and casino business where pretty much everybody 864 00:54:26,440 --> 00:54:29,260 offers the same thing, a place to come and lose. 865 00:54:29,270 --> 00:54:31,950 A lot of money and have a good time doing it well. 866 00:54:31,960 --> 00:54:34,000 A lot of lights and pretty girls. 867 00:54:34,260 --> 00:54:36,790 For decades that was the business in Las 868 00:54:36,800 --> 00:54:39,970 Vegas. It's changed now to be less about 869 00:54:39,980 --> 00:54:43,540 gambling and more about restaurants, nightclubs and shopping. 870 00:54:43,680 --> 00:54:48,210 But that's a recent metamorphosis and the jury is still out on it. 871 00:54:48,440 --> 00:54:53,550 Years ago, an amazing entrepreneur, Bob Stupak, took over the worst and last 872 00:54:53,560 --> 00:54:57,910 hotel on the strip and had to find a very different way to get people to come and 873 00:54:57,920 --> 00:55:00,780 stay at that hotel and gamble in that casino. 874 00:55:01,100 --> 00:55:04,760 He didn't have a tremendous amount of money at the time to do advertising and 875 00:55:04,770 --> 00:55:09,440 marketing with so the conventional ways that Las Vegas hotels market themselves 876 00:55:09,700 --> 00:55:11,860 was pretty much out for him. 877 00:55:12,020 --> 00:55:14,330 So Bob sat down and he turned the hotel 878 00:55:14,340 --> 00:55:19,000 business and the casino business in Las Vegas into a very specific widget. 879 00:55:19,190 --> 00:55:24,250 That he could hold up and people could see and get a grip on and understand and 880 00:55:24,260 --> 00:55:27,900 be attracted by and by in advance of use. 881 00:55:28,340 --> 00:55:30,000 Let me describe his widget. 882 00:55:30,440 --> 00:55:35,120 Ask yourself if you would respond to it, presuming you were convinced it was real. 883 00:55:35,660 --> 00:55:40,110 Give me three hundred ninety six dollars and I'll give you 2 nights, three days in 884 00:55:40,120 --> 00:55:42,360 my hotel in one of the deluxe suites. 885 00:55:42,580 --> 00:55:44,090 There will be a bottle of champagne 886 00:55:44,100 --> 00:55:45,620 waiting for you when you arrive. 887 00:55:45,800 --> 00:55:47,570 You can have unlimited drinks the entire 888 00:55:47,580 --> 00:55:50,030 time you're here, whether you're gambling or not. 889 00:55:50,040 --> 00:55:53,300 Even if you're sitting in one of the lounges and enjoying the entertainment, 890 00:55:53,600 --> 00:55:55,530 you pay nothing more for your drinks. 891 00:55:55,800 --> 00:55:59,230 More importantly, for your 396$ I'm going 892 00:55:59,240 --> 00:56:03,540 to give you 600$ of my dollars to gamble with in my casino. 893 00:56:03,820 --> 00:56:05,660 His widget included the room. 894 00:56:05,950 --> 00:56:07,320 It included the drinks. 895 00:56:07,470 --> 00:56:11,520 It included some extras like the Champagne and souvenir dice and show 896 00:56:11,530 --> 00:56:15,230 tickets. Edit included 600$ to gamble with while 897 00:56:15,240 --> 00:56:16,470 you were at his casino. 898 00:56:17,170 --> 00:56:19,560 Just for the record, the 600$ was match 899 00:56:19,570 --> 00:56:24,140 play for even money wagers, with wins paid his exchange of the promotional 900 00:56:24,150 --> 00:56:25,820 dollars for real ones. 901 00:56:25,830 --> 00:56:27,290 But that's all just details. 902 00:56:27,830 --> 00:56:31,780 This widget turned that little hotel, which at the time that this started was 903 00:56:31,790 --> 00:56:36,820 on a Motel 6 level, into one of the largest and fastest growing hotels on the 904 00:56:36,830 --> 00:56:37,700 Las Vegas Strip. 905 00:56:37,710 --> 00:56:40,300 In its time called Bob Stupak's Vegas 906 00:56:40,310 --> 00:56:42,470 World, it is now the stratosphere. 907 00:56:42,970 --> 00:56:45,480 You may recall seeing Bob's full page ads 908 00:56:45,490 --> 00:56:47,090 for this widget in parade. 909 00:56:47,430 --> 00:56:50,450 In Sports Illustrated, in Playboy, in 910 00:56:50,460 --> 00:56:55,220 dozens and dozens of magazines and newspapers all across the country. 911 00:56:55,990 --> 00:57:00,880 Bob filled his rooms by selling that widget, and that was really the business 912 00:57:00,890 --> 00:57:04,130 that he was in, the business of selling that widget. 913 00:57:04,310 --> 00:57:06,890 He didn't advertise any other type of accommodations. 914 00:57:07,350 --> 00:57:10,870 He didn't bother advertising his hotel as a hotel. 915 00:57:11,150 --> 00:57:16,540 He concentrated all his efforts and all his energy and all his resources on 916 00:57:16,550 --> 00:57:18,290 selling that widget. 917 00:57:18,670 --> 00:57:20,240 There are a couple of very interesting 918 00:57:20,250 --> 00:57:23,760 side points. He ran his hotel with between 90 % and 919 00:57:23,770 --> 00:57:27,050 100 % occupancy on a consistent basis. 920 00:57:27,130 --> 00:57:29,200 As a result of these widgets, that 921 00:57:29,210 --> 00:57:33,140 created overflow. So he bought a second hotel off the strip 922 00:57:33,150 --> 00:57:36,050 and ran shuttle buses to get the people back and forth. 923 00:57:36,190 --> 00:57:40,230 Even more interesting, his widget provided him with a cash flow advantage 924 00:57:40,490 --> 00:57:45,430 that no other hotel or casino had at the time these packages were prepaid. 925 00:57:45,870 --> 00:57:51,210 You bought your 396$ package today, but you might not actually make reservations 926 00:57:51,570 --> 00:57:56,970 and go to the hotel until a month later, six months later, even a year later. 927 00:57:57,310 --> 00:58:01,340 In the interim, Bob exchanged your three hundred ninety six dollars for a 928 00:58:01,350 --> 00:58:06,240 certificate, a piece of AER, which entitled you to all the benefits that I 929 00:58:06,250 --> 00:58:10,810 described. He had your 396$ in a bank account 930 00:58:10,820 --> 00:58:16,020 earning interest or funding construction and remodeling during that time that it 931 00:58:16,030 --> 00:58:17,090 was not redeemed. 932 00:58:17,590 --> 00:58:20,180 If you study that example closely, you 933 00:58:20,190 --> 00:58:25,240 see that a fairly mundane and ordinary business, the hotel business and the 934 00:58:25,250 --> 00:58:28,430 hotel casino business, was turned into a. 935 00:58:28,440 --> 00:58:31,000 Totally different business, a different 936 00:58:31,010 --> 00:58:34,880 business was invented within the business, and that new and different 937 00:58:34,890 --> 00:58:38,080 business became the widget that was sold to the public. 938 00:58:38,440 --> 00:58:42,620 And that's exactly the thinking process that you need to go through. 939 00:58:42,760 --> 00:58:47,310 Simply by listening to session one, you've taken a very important first step. 940 00:58:47,340 --> 00:58:52,370 If you get at least one great idea from this program, it will pay for itself over 941 00:58:52,380 --> 00:58:53,520 and over again. 942 00:58:53,720 --> 00:58:55,890 But to make that happen, you must do more 943 00:58:55,900 --> 00:58:57,080 than just listen. 944 00:58:57,120 --> 00:58:58,670 You need to act on what? 945 00:58:58,680 --> 00:59:03,560 You've discovered don't just absorb this valuable information, use it. 946 00:59:03,570 --> 00:59:04,960 In session number two. 947 00:59:04,970 --> 00:59:07,220 Dan will reveal the power of creating 948 00:59:07,230 --> 00:59:12,050 irresistible offers, also known as widgets for your products and services, 949 00:59:12,270 --> 00:59:16,830 how to pinpoint the exact target market for your perfect customer, specific 950 00:59:16,850 --> 00:59:20,600 strategies to make sure your carefully crafted marketing messages get noticed 951 00:59:20,610 --> 00:59:22,820 and considered, and a whole lot more. 952 00:59:22,830 --> 00:59:24,820 It's all critical information you need to 953 00:59:24,830 --> 00:59:27,390 know, so check it out without delay. 954 00:59:27,590 --> 00:59:28,870 Thank you for listening. 955 00:59:28,880 --> 00:59:30,380 Of this GKIC program. 86739

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