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How to Be More Than Just Interesting

Stand OutAs you might have noticed in recent blogs, I’ve been talking about some of the actual aspects of business rather than the mind of the millionaire side. The concepts of both the tactics of business and the psychological prerequisites can’t be summed up in a few pages of blogging.

However, your feedback has been great as usual. I’m thrilled to see some of you exchanging questions and ideas on these really complex subjects, so I thought I’d keep it going by focusing on marketing a little bit more—something that’s so easy to know is a necessary thing to get right, but not always so easy to execute effectively.

Last week we looked at making clear, concise statements in a marketing message. To go into some more detail, there are four basic elements that make a message highly effective: attention, interest, desire, and action. If you cover those four elements, you’ll build success more than most others.

For now let’s focus on interest because gaining a prospective customer’s interest will play a huge part in the other three elements. Interest has to come at the beginning of the message. If you don’t hook them immediately after you’ve got their attention, they’re gone.

So what gets people’s interest? That one’s easy enough: pleasure and pain. No matter what we’re doing in life, it has to do with either finding ways to increase pleasure or avoid pain. These are mind-based motivators with some emotional elements attached as well.

A pleasure-based opening for a marketing message is actually very simple. You’re capturing interest based on a positive benefit. For example: “Get ripped fast!” The message: get in shape. The benefit: it can happen quickly.

You definitely want to point out benefits, but research shows that messages about how to avoid pain have a much more profound effect on sales than the pleasurable benefits of your product or service. Pain-based marketing can triple a business’s income. Pain-based messages identify a problem and then offer remedies. It’s the problem-solution opening.

There are three types of problem-solution openings:

  1. You-based
  2. Me-based
  3. Them- or People-based problem

An example of the You-based opening: Do you have [fill in the blank] problems? What you’re implying in just a few words is that if the prospective customer had been looking, they’d have already found a solution by now. Your solution could be just that more appealing.

The Me-Based opening tells your own story or that of your client’s. Telling the story of how I went from one failed business to another, then becoming a millionaire adds credibility—“I’ve been where you are.”

 

The Them-based problem-solution creates an instant line of connection whereby you ask the prospective customer a question and they can identify with it immediately, kind of like Seinfeld doing a stand-up about common things that everybody can identify with yet may not think about too often. For example: “You know how so many people today are stressed about their retirement savings? Well there’s an amazing informational product out there that’s helping thousands of people right now…

As an exercise, write five openings for a marketing message: pleasure-based; pain-avoidance-based; You-based; Me-based story; Their problem (“You know how …?”).  One great place to start is with your headlines—because if you can get your reader to notice you via your headline, you’re success rate of capturing their attention to actually read your message skyrockets.

Here’s a great resource to help you become a master at crafting headlines: https://www.copyblogger.com/magnetic-headlines/

Anyone can come up with dozens of these messages, but your challenge is to be more than just interesting. Be absolutely convincing. Be creative, effective, productive, and then be rich!

Tell me your thoughts.  Have you had great success with crafting messages that work?  Let us all know your strategies.  Have you struggled in this area?  Share your challenges here and let our online community support you and give you ideas to move you in the right direction.

 

What good is creating wealth if you’re going to kill yourself in the process?

Help!What’s the point of starting a business? To make more money, yes or yes? And what’s the point of that? So you can do more of whatever you want whenever you want.

If you haven’t experienced this for yourself, though, then you might have heard: that’s often not what happens, at least not at first. People get caught up in their business, a lot of the time working harder either out of necessity to make sure that it’s running, thriving and growing, or out of fear—sometimes over-reacting panic—that without their presence, the business will collapse.

In other words, the business—for one reason or another—takes them over. And that’s not unusual, at least not in the beginning stage of a business. However, if you find yourself in that same “supervisory” position after years and years, then I’d say you made things harder on yourself than you had to, and that’s because the freedom of accumulating wealth through business is directly related to how well you structured your business’ foundation.

What happens if you try to build a house on a weak foundation? It eventually cracks, caves in, or turns into the leaning Tower of Pisa. The business equivalent of building a solid foundation is creating a system, repeatable methods and procedures that produce profit. The idea is to systematize your business so that you can effectively and efficiently sell and support your product or service in bigger numbers as you grow.

So how do you create an effective business system?

Keep it simple. When it comes down to it, business should consist of only 3 parts:

  • Marketing—getting people to know about what you have to offer
  • Production—getting the products and/or services made, distributed, or performed
  • Administration—accounts payable/receivable, human resources, finance, assistants, etc.

Each part requires specific processes so they run smoothly. Aim for flawlessness, but be prepared to settle for “almost automatically.” The idea is to create a well-oiled machine—a money machine. And what do machines do best? They repeat the same functions over and over. Your system must be a repeatable process that can work without you!

Why?

If you want to gain wealth you can’t have a ceiling on your income. Your earnings must be unlimited. If you have to be physically present for your business to work, it can only grow to the extent that you can personally handle. It doesn’t matter how brilliant and energetic you are, you still only have but so much time in a day! You have to eat, sleep, relax, talk, think, meditate, spend time with family and friends …Tired young couple resting at the beach

In other words, all the things you’d rather be doing other than stressing. What good is creating wealth if you’re going to kill yourself in the process?

Work on the business, not in the business. Creating a system is what gives you freedom to do just that. With a strong system in place, you’ll two have options. You’ll have the flexibility to hand it over to competent managers and have an excellent source of passive income, or you can sell the business and become an instant millionaire. The more solid your business foundation, the quicker it can happen.

In both cases, because you created a system, you win. An effective system that works instead of you working is an absolute must in order to enjoy the ride.

 

You know the drill….it’s your turn!  I want to hear from you.  Make sure to leave a comment below and share your insights with all of us.  Have you had successes with growing your business in ways it can thrive even when you are not around?  If so, share your tips and strategies here.  If you have not gotten to this point (yet!) share your struggles and challenges—you might be surprised with the support and feedback from the others in our community.

Practicing Happiness

Olympic Torch

Practice makes perfect, right? Wrong!

First of all, nothing’s ever perfect. I’d even say you don’t really want anything to be “perfect.” Why not? Well, once you’ve reached it, where else is there to go but backwards or, even worse, nowhere?

With the Winter Olympic Games starting this evening (in Vancouver, no doubt!), I started to think about the art of practice and perfection.  Watching the athletes get ready to compete, I am in awe of their strength, dedication and focus. There is no doubt these athletes are striving for pure perfection.

But I believe that the point of practice isn’t perfection. We want to strive for perfection, yes, but that’s only going to work if you understand that it’s not just about the destination but the journey as well. That’s why it helps to look at process when it comes to those outcomes we’re reaching for. Because what would be the point of getting to where you always wanted to be if you’re beat up and worn out by the time you get there? Where’s the happiness in that?

Happiness is a process as much as an outcome. I mean, don’t get me wrong. A hard-earned victory is awesome. But think about it; should happiness in life be restricted to success in finances, or business, or career, or the attainment of goals?

We have all been there at some point in our lives, saying something like, “If only I had [fill in the blank], I’d be so much happier.” Hey, sometimes we may even get whatever it is we think will make us happy, but what usually ends up happening? We’re psyched for a little while—if at all—and then we find out it wasn’t really enough to make us as happy as we thought it would. There’s always more.

You can work your butt off to get to where you want to be by practicing your delivery, your backhand swing, your investment strategies—you can practice anything until you get it down, but that doesn’t mean things are always going to turn out perfectly. Practice doesn’t make perfect.

Practice becomes habit, and habits become permanent unless we consciously change them. We’re practicing something all the time through our habits, even when we’re not really thinking about it. If you practice the thought that “I’ll be happy when [fill in the blank] happens,” then guess what? You’re always delaying your happiness until [fill in the bank] happens. Not because things will never be great, but because you’ve become a master at being unhappy. Unhappiness will be your habit!

You have to practice being happy no matter what is going on in life; whether you win or lose, succeed or experience temporary setbacks, whether everything is the way you have always dreamed or if you are still on the road to your next major destination.

Practice whatever you want to be in the future now. If you want to be more patient and less reactionary, then practice patience now. If you want to be a manager of your own personal wealth, start managing your finances now, no matter how much money you earn. If you want to be successful, then practice being successful now. Start small. Engage in things that you’re already good at and challenge yourself to be better, even if it’s just in small increments.

The key is to enjoy the process, enjoy the journey. We can have moments of perfection, times where we wouldn’t want a single thing to change, but it’s unfair and unrealistic to ask that of life all the time. But it’s totally within our control to practice being whatever we want to be right now!

So now it’s your turn:  What are you going to practice right now?  What’s that one thing you want to achieve and are willing to enjoy the process while making it a habit?  I want to hear from you.