45 min whatsthemeat

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What’s The Meat? How to Achieve Exponential Growth By Finding Out What The Customer Wants Whatsthe MEAT.c om

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45 minute presentation given by Wizard of Ads partner, MIke Slover

TRANSCRIPT

Page 1: 45 min whatsthemeat

What’s The Meat?How to Achieve Exponential Growth By Finding Out What The Customer Wants

WhatstheMEAT.com

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Housekeeping

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• Why Are You Here? • What Are You Trying To Make

Happen?

WhatstheMEAT.com

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Which do you think would work better, the brilliant execution of a

flawed strategy, or the flawed execution of a brilliant one?

WhatstheMEAT.com

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In business, it’s the flawed execution of a brilliant strategy

that usually wins the day.

WhatstheMEAT.com

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So Where Do You Find A Brilliant Strategy?

WhatstheMEAT.com

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Ivan Pavlov

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There’s really Only One Thing I Know About Strategy

WhatstheMEAT.com

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What’s The Meat In The Heart Of Your Dog?

WhatstheMEAT.com

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Matters EnoughAll Tell

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WHAT’S IN IT FOR ME?

Nobody cares about you they only care about themselves

WhatstheMEAT.com

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Every business owner is on the inside,

looking out, and what they see is entirely different from what their customers see.

Customers are on the outside, looking in.

WhatstheMEAT.com

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Felt Need:

A desire in the heart of the customer. To speak to an unfelt need is to answer

a question that no one was asking.

WhatstheMEAT.com

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What is Your Market Potential?

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33% of the market is about the most you will ever get. The rarest of rare will only see 40%

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Selling Strategy We won the game when we picked the teams.

Part I

WhatstheMEAT.com

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Morris Hite

"If you have a good selling idea, your secretary can write your ad for you."- Morris Hite

WhatstheMEAT.com

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Growing A Business is Easy When You Have a Strong Selling Strategy

• Good strategy always starts with the customer.

• Bad strategy is about the business, business owner or anything other than the customer.

• What’s in it for the customer?• What could you do your competitors

couldn’t, wouldn’t or don’t have the guts to do?

WhatstheMEAT.com

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Defining Characteristics

Unusual features or distinguishing elements that are used to identify the “shape” of a business or customers.

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Objections? • What objections do

customers have for not doing business with you?

• What objections do the customers have for your industry?

• Do people NOT do business with you because they don’t know about you or because they DO know about you?

WhatstheMEAT.com

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Limiting Factors:

WhatstheMEAT.com

Anything that’s holding you back.

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• What Is limiting you from growth?• What’s limiting customers from

buying from you?

WhatstheMEAT.com

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REMOVE THE LIMITING FACTOR!!!

WhatstheMEAT.com

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Unleveraged Assets:

WhatstheMEAT.com

An Ace You Forgot Was Up Your

Sleeve

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WhatstheMEAT.com

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Can A D.U.I Lawyer Have A Strategy?

• Had A 5 Frequency ~ was a household name in his market.

• Was doing 1.8 million.• Increased to 4.6 million in 12 months

with the right selling strategy.

WhatstheMEAT.com

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What’s The Offer?

• If you don’t feel like a person would be an idiot not to follow up on this don’t do the offer.

• Guarantees?

WhatstheMEAT.com

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WhatstheMEAT.com

•Founded in 1999.•Exceeded 1 Billion in sales in 2008.•365 day money back guarantee with paid shipping both ways.

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Experiment

WhatstheMEAT.com

Nothing has to be set in stone, you can always conduct experiments.

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Business Problem Topology

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Henry Ford •Henry Did Not Invent The First Automobile•Gottlieb Daimler and Karl Benz in 1886•2000 manufacturers preceded Henry Ford•Henry's Sword In The Stone was to sell automobiles at $795•Overhead Rail, Hook and Disassembly Line•In 1908 Ford Motor Company introduced the Model T for $850 selling nearly 15,500,000 by 1920 for as low as $280

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WhatstheMEAT.com

What Are You Trying to Make Happen?

What Are The Objections?

What Are The Limiting Factors?

Do You Have Any Unleveraged Assets?

What Does The Customer Care About?

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Part II:Brand-Development

A Brand Is A Character,It Has A Personality

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1 2

3

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RELATIONAL ADVERTISING

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Protagonist The Protagonist

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WHO DID YOU PICK?

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Goal Of A Campaign

1. Be the company people like, know, trust & feel best about when they need your product or service.

2. Develop the character and personality of the company.

3. Become a household name (Top Of Mind).4. Be Who You Say You Are.

WhatstheMEAT.com

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Character Diamond:

1.T

hinks

2.Acts

Core Values & Personality Traits That Determine How The Business Owner

David Freeman 3.Sees The World

WhatstheMEAT.com

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Your uncompromised set of beliefs, what you stand for and what you stand against

WhatstheMEAT.com

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Personality Traits

•Honesty•Generosity •Fairness •Stubborn

•Anxious •Gullible •Happy•Witty

•Dangerous•Jovial •Frank • Giddy

WhatstheMEAT.com

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Elements Your Character Diamond Must Have

1. Strong Traits (Amped Up) - get remembered.2. Must have at least 3 defining characteristics. 3. Duality - Skewed opposites - Conflict raises

interest. 4. Relatable - who will you attract to your tribe?5. You must also be believable, authentic,

humanistic.

WhatstheMEAT.com

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Forest GumpA Brilliant Goober

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WhatstheMEAT.com

Talked about his mom a lot – Strong

Always ran from trouble – Relatable

Forest always thought of Jenny – Strong

Brilliant Goober – Duality

Jenny came in and out of his life - Loyalty

Big Hearted – Strong

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How Many Forrest Gump Quotes Do You Know?

WhatstheMEAT.com

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Word Flags

• Unexpected• Memorable Name• Word or phrase that customers will

voluntarily mention in their efforts to be friendly or connect with you.

• Forrest Gump – Many Word Flags• Forrest Gump – Different Language Tone

WhatstheMEAT.com

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Strategy Trumps Character

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Fun Insurance Man

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Word Flags

10 Bucks Hugs

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Become The Company PeopleLike Know Trust & Feel Best About

WhatstheMEAT.com

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Customer Experience

Part III

WhatstheMEAT.com

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Good Marketing & Advertising Cannot Fix A Bad Business, A Bad Customer

Experience Or A Bad Selling Idea.

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A business is a reflection of its

owner. That persons core values and characteristic traits trickle down into the rest of the

organization.

WhatstheMEAT.com

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Cleanest Restroom In America

www.whatsthemeat.com/customers-shoes/

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How Do You Hire?• Hire those who have already been

trained by their parents. • If you see someone that is great

OFFER THAT PERSON A JOB.• Zappos offers $2,000 to quit. • If a candidate doesn’t reflect your

core values DO NOT HIRE THAT PERSON. Core Values first Experience second.

• Create a place people want to work.

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What Is Your Close Ratio?Are You Talking People In To Buying From You Or Are You Talking People

Out Of Buying From You?

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What is Your Customer Experience Factor?

•Never say you have “Great Customer Service”.

•Customer Service is Experiential.

•Show Don’t Tell

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Pleasant Surprise Factor

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• Create A GREAT Selling Strategy.• Become the company people like, know,

trust and feel best about when they need your product or service.

• Give Exceptional Unexpected Customers Experience.

What’s The Meat?How to Achieve Exponential Growth By Finding Out What The Customer Wants

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And Always, Always Ask “What’s The Meat In The Heart Of Your Dog”?

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WhatstheMEAT.com

Mike [email protected]