I have a VERY shocking and timely truth to reveal to you if you are a business owner…

Your first reaction will be one of horror when you realise how much money you have wasted and how much money you have left unbanked… probably for years and years.

After you recover from the shock, you will realise that what you have just learnt has the capacity to make you a fortune and you will ultimately wish you had known it years ago.

I believe, in the right hands, implemented with piercing accuracy, what I’m about to reveal could be worth 1 million dollars in revenue.

So this shocking truth will most likely upset you at first, but set you free. In fact, it will give you extreme economic advantage over each and every competitor you have.

Ok, enough foreplay, let’s mush on and make you a ton of money…

Alright, let’s imagine I have a room full of 1,000 people and for some reason that escapes me right now, I’m going to ask that room full of people “who in the next month is intending to buy some furniture?” *

Now I could have asked that question of any product or service you can think of, like who’s looking to buy a new car in the next month or so? Who’s looking to buy real estate in the next month or so? Who needs to service their car in the next month or so? Who’s thinking about buying some exercise equipment in the next month or so? Who’s thinking of getting their back pain treated in the next month or so? Who’s going to the hairdresser or beauty salon in the next month or so? Even who’s going to the dentist in the next month or so?

And the statistic for all of these and more products and services that I haven’t mentioned would have been about the same. You see, for…

Any Product or Service about 3% of the Market Place is Ready to Buy NOW! *

That group of buyers is commonly referred to as the… “Buying Now Category”. The shocking fact of over 99% of advertising in every media, print, radio, TV, Internet included, is that that’s all the advertising is targeted to, the “Buying Now Category”

And generally speaking, the “Buying Now Category” gives you just enough of a return on your investment (sales) in your ads to pay the bills but certainly never get rich or achieve financial freedom and independence. *

You see, most business owners are advertising victims. By the way, it’s not their fault, it’s the system that sets them up for failure. The most accepted adopted system is to copy what everyone else is doing in your industry.

And the fact is, they are dumb and broke. It is something I have referred to previously as “Incestuous Marketing” where you look at what everyone else in your industry is doing and you copy them.

Trouble is, after a while it starts to look like real incest and business owners just get dumber and dumber.

Now it’s time to make you poor, suffering, screwed business owners some money for a change. Now let’s ask that original questions a bit differently…

This time let’s say you ask that same 1,000 people “who wants to buy furniture in the next 12 months?” Now remember, I could have said this about any product or service and the statistic would have been about the same.

About another 7% of the room would have put their hand up. This group is commonly referred to as the “Open to Buy Category”. Now add the “Buying Now Category” to the “Open to Buy Category” and now you pretty much have 10% of the room that could, with the right marketing message, be influenced to make a purchase in the very near future. *

Now let’s look at the facts, that’s a 233.3% increase in the amount of people you could influence. How do you do this? How do you stop being screwed? And instead come out with an incredible, extreme economic advantage over each and every competitor in your industry?

Well, you switch from selling stuff (because people hate to be sold) to educating and helping people. You give away free stuff, free education… it could easily be a report, manual, book, CD, DVD, a seminar, in fact a combination of all the above.

So let me give you an actually example. A REAL life, REAL world, truthful example, not something based on observation, research and study (valid but flawed) you get from the “stuffed shirt brigade”.

Ok, let’s say you’re in the health and beauty industry. Now if you wanted to work your tail off slaving away competing on price, you’ll offer all manner of services like facials, anti-aging and hair removal.

So instead of offering a veritable “smorgasbord” of services, you ONLY offer cellulite treatments.

Well, the good news is you now “niche marketed” and the riches are in the niches. You see, you get to charge more if you are an expert, authority in a niche. You also get to have a less “clunky” business because you are not trying to be everything to everyone.
You’re only targeting cellulite sufferers. You now have a niche that is an inch wide but miles deep. After all, even Nicole Kidman has cellulite. You see, if you sell “everything to everyone” you are a small fish in a big pond but if you niche, you are a big fish in a small pond.

Now the “dumb business owner” who is smart enough to niche and just offer cellulite treatments, writes an ad that asks the suffering prospect to come to their clinic and partake their cellulite solution.

Trouble is the “dumb business owner” offering their cellulite solution is only marketing to the 3%. I on the other hand, I am marketing to the 10% and above, more about that later. *

Because then it gets really interesting…

You see, I wrote a headline that read “Embarrassed by Ugly Cellulite?” which offered a free report entitled “Breakthrough Treatment from France Seems to Melt Cellulite and Fat Away for Almost Anybody who uses it”.

So here’s what happened everytime that ad ran, every second Tuesday in the major Western Australian newspaper, 200 to 300 women responded by going to the website where their name and address was captured or by requesting the free report via automated 24 hour free-recorded phone message.

The results were…

The 3% of the “hot and heavy” ready to “Buying Now Category” came in to the clinic and purchased immediately. The 7% “Open to Buy Category” brought quickly overtime because of the convincing messages and offers that were strategically made to them. *

What happened to our advertising victim? Well he or she was lucky to get the 3%. Remember that is what we call torture in business, just enough to pay the bills. My ad was also DL sized, about 20cm by 2 columns and cost $2,000 to run and I needed half of one sale to break even.

Their ad on the other hand was a full page and cost about $8,000 to run. Remember there are…

Less people ready to buy at any moment than there are people who could be influenced to buy

Now without a shadow of a doubt, I have just shown you how to do the opposite of what 99% of what business owners do with their advertising and how to make a lot more money.

But now, I REALLY want to show you how to make a lot more money. You see, so far we have only talked about the 3% and the 7% of the market that can be influenced to “buy now”. Now I want to talk about how we can get 70% of those 1,000 people in the room that I referred to earlier, to buy. *

Hold on to your hat, because I am about to make you rich “carbon head”.

So the big, awful, shocking, ugly mistake most business owners make is

Marketing and Advertising to the 3%.

Now, as the buying triangle here explains, 3% are in the “Buying Now Category”. Another 7% are in the “Open to it Category”. About another 30% are in the “Not Talking About It Category” but could be influenced to move up the triangle… ready to buy. A further 30% think “They are Not Interested”, but could be if you knew what I know. Finally, the 30% that are “Definitely Not Interested”, you’re wasting your time. *

In my experience, there is nothing you can do to influence that group. But hey, we are now influencing 70% of the market and moving them up the triangle. By the way, I didn’t figure this out on my own. I first heard it expressed this way by a company called “Business Breakthrough’s International” but, I sure do know how to utilise it. *

Ok, still not convinced? Well you “doubting Thomas”, suspend your disbelief just for a moment as I do my best to make you rich.

So let’s say we ask this question to the 1,000 people in the room. “Who’s thinking of buying exercise equipment in the next month or so?” Up goes the hand of about 3% of the folk in the room. Now, ask this question, “Who’s thinking of buying exercise equipment in the next 12 months?” You will get another 7% of the room put their hand up, about 10% in total. *

Now try this question. “Who’s been thinking that they should be exercising for their health and well being particularly if you want to live longer?” Now you will get about 30% of the room put their hand up.

Then ask “Who would like to know the one thing you can do every day to reduce your chances of dying from all diseases by up to 47% and live a longer and healthier life?” Now I have got about 70% of the room interested and putting their hand up. *

Research shows that the one thing you can do every day to reduce your chances of getting “crook” is aerobic exercise for at least 30 minutes per day. Here is the article and source below.

Dr Theodore|May 15,2010 of NeoGen Anti Aging

   “We all want to live a long and healthy life don’t we? We all wish for great health and vitality and a disease free body and mind to allow us to enjoy our life, right?”

    “What if I could show you a simple anti aging therapy that can reduce your risk of dying from heart disease or cancer by three times, would you be interested? And, even better, this therapy doesn’t even have to cost you a dime, is simple to do, and can even be quite fun”

    “Do I have your attention now? Before I tell you what this therapy is, let’s look at the facts to support the statements I have just made”

    “In one study, researchers looked at the health of over 2000 men over a 22 year period to examine if this therapy could actually increase their health and lifespan. Some of the men in this study group received this therapy only a few days per week. The men in the control group of course did not receive any of this therapy”

    “When the study was completed, 131 of the men had died: 95 (73.6%) were in the control group and only 36 (26.4%) were in the therapy group”

    “So then what was the therapy that led to a 47% reduction in mortality?”

    “Regular exercise”

    “Yes exercise: it’s simple, cheap yet very effective”
    Source

Now that you have read that, be honest, who wasn’t even thinking about doing exercise before but now you genuinely feel you need to do so, and more importantly, you’re going to do something about it.

Let’s face it, if I presented a great argument to you now about exercise and why my exercise equipment is better or superior, for one reason or another, do you think I would sell more?

Well without a shadow of a doubt I will.

You see, what I have actually done is broaden the appeal of my marketing message to a wider audience. Importantly, I am not trying to sell them anything, just helping and educating.

In this example, you have gone from selling exercise equipment to the 3% of folk who are ready to buy today to educating and helping 70% of people, the majority of whom weren’t even interested in buying exercise equipment. *

Surprisingly now, a larger number of folk have come to the inevitable conclusion, they want more of what you have to offer. Simply, you are now marketing to and appealing to a larger number of prospects without even trying to sell to them.

So there you have it, the SHOCKING TRUTH FINALLY REVEALED that 99% of business owners are advertising victims, slowly being tortured to death by only marketing to the 3% of prospects ready to buy, rather than getting rich, marketing to the 70% of prospects that could, with the RIGHT message, be influenced to buy, using benefit driven, education based marketing. *

I believe this strategy, when implemented with piercing accuracy, in the hands of the RIGHT person could easily be worth 100 million dollars in revenue.
All the Best,

Mal Emery
*Courtesy of Chet Holmes (c) 2010 and Business Breakthrough’s International*

Posted on April 04, 2011 - 05:10 PM

- Updated on April 04, 2011 - 05:10 PM


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Glenn Twiddle

Glenn Twiddle

  Dearest Mal,

Please stop sharing the secrets that we pay you over $10,000 per annum minimum to learn, for free, on this here blog.

Might have to stop my coaching and mentoring with you (worth every penny by the way) if you continue to give away some of your best stuff, the real money stuff, here on this blog.

Glenn Twiddle
Real Estate Coach Extraordinaire.
http://www.RealEstateFreeGift.com
Apr. 04, 2011, 5:47 PM  

Michael 'MC' Carter

Michael 'MC' Carter

  I couldn't agree more Mal. We teach our clients (accounting and related advisory firms) to replace in their mind, the word 'marketing' with 'educating', and the word 'selling' with 'helping'. By offering education (not 'buy now') as the first step, it's not such a high gradient (big ask) to get a prospect to take the next step of learning more. And with each additional piece of education you provide, familiarity (and 'liking') builds. You know, apart from boosting sales, I have found that educational marketing also delivers a far better quality of client/customer, because they are pre-educated, they 'get' what you and your product/service are all about, and as a result they are a pleasure to deal with. Everyone wins. P.S. Your 'Masters of Influence' event in Sydney was stellar. Well done. I got my money's worth in just one session, and it was profound info across all 3 days. I couldn't recommend it more highly to anyone in business.
Apr. 04, 2011, 5:50 PM  

Arthur

Arthur

  Hi Mal,

There's some brilliant stuff there!

It outlines how to identify Prospects and how best to get the message across.

By providing value to Prospects through reports, CDs and free advice, this process builds relationships and rapport.

The Rant also heavily highlights that by exhibiting emotion and passion in our marketing process, the buyer becomes much more interested in what we are selling.

How many products and services literally Bore their Prospects into submission, only to be outgunned by an Owner with a little strategy, a little know how and a little emotion and passion?

Mal, it's a Great Strategy you have outlined and can be used for any service and product.

When
Apr. 04, 2011, 7:05 PM  

CUTEYOUNGCHIC

CUTEYOUNGCHIC

  Hmmmmmm, I know what I'll be doing tomorrow! Til now, I've given people the reasons why they use my service, in the form of Is
Apr. 04, 2011, 7:11 PM  

Dan Lyons

Dan Lyons

  Hi Mal,

Love this post. Especially the specific statistics. I've known this theory of marketing for quite some time but you've done a great job of bringing all the detail to this well tested method.

Thanks

Dan
Apr. 04, 2011, 7:28 PM  

Christina

Christina

  Hello Mal Emery, how are you going? :-) That exercise example is an excellent thing! You could target baby boomers with it, because they all want to stay young and are scared of ageing. I just love your lessons too much :-)
Apr. 04, 2011, 11:56 PM  

kotaishi

kotaishi

  Mal I don't like your picture and I don't like your style, but God what would I do without you??????? You're amazing!!!!
Apr. 05, 2011, 5:37 AM  

joe cachia

joe cachia

  As usual invaluable, meaning priceless. Thanks again.
Cheers joe
Apr. 05, 2011, 9:05 AM  

Don Stone

Don Stone

  very simple but still very true !
Apr. 05, 2011, 9:55 AM  

MarkF

MarkF

  Hi Mal,

Brilliant stuff, as usual. I also heard this from you at your recent Power & Profit seminar. Very, very clever.

Implementation media includes SMS, email (autoresponders), post and telephone marketing after the initial 'lead' has put their 'hand-up'.

Mark
Apr. 05, 2011, 11:47 AM  

Richard

Richard

  Hi Mal
About 40 years ago I came across a similar concept but with slightly different emphasis - imagine the rings of an onion going inwards:
- hostile
- indifferent
- interested
- enthusiastic
- SOLD!
The point was that it was very difficult to move people several rings at a time, but a lot easier to move them one ring at a time. I applied this successfully in a range of activities both in business and voluntary/church organisations.
Apr. 05, 2011, 12:38 PM  

John Sheldrick

John Sheldrick

  Hello Mal,
I attended your seminar in Perth last December. I am now v much part time in my chiropractic practice and would like to explore the possibility/potential for moving/transitioning to putting my part of the practice under management and expanding it considerably. It is now more of a young man's world, I find. I know you have mentioned in passing that you helped a (younger) practitioner in this field.
What is the next move? If this could be achieved, I would be quite keen to explore other options for my time. I was quite taken by the concepts proposed for the Sydney seminar as I feel drawn to addressing groups of people. No doubt the old schoolmaster (and more than a little of the ham actor) in me.

Sincerely, John
Apr. 05, 2011, 4:13 PM  

Michael Yardney

Michael Yardney

  As always, a great rant Mal.
The advertising will cost the same but audience will be so much bigger - thanks for the great tip
Apr. 06, 2011, 4:48 AM  

kamil

kamil

  I like the technique. I will use it in my business
Apr. 07, 2011, 2:18 AM  

jvclair

jvclair

  Great post Mal.
Apr. 09, 2011, 9:06 AM  

Real Estate Online Video Marketing Extraordinaire

Real Estate Online Video Marketing Extraordinaire

  Hi Mal. Great Post. Love how you explained it..
Apr. 23, 2011, 7:03 PM  
 
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