The Elevator Speech is a Dumb Idea

Here’s a contrarian viewpoint. I believe that trying to develop an elevator speech, in which you attempt to summarize what you do in a single sentence, is an amazingly dumb idea. Lord knows, I’ve spent enough time working on one for myself and trying to develop them for clients.

Finally, it occurred to me that it was a complete waste of time.

Think about what’s typically developed.

Either it’s what I call the Yellow Page classification answer…”I’m a financial advisor”…accountant…butcher…baker…candlestick maker.” Exceeding dull and only serves to check off our list of polite chatter, “I’ve said what I do.”

Or it’s incomprehensible to anyone who doesn’t live in your business world…”I’m a supply chain consultant.” (Come again?). “I integrated proprietary networking systems into legacy based infrastructures.” (How nice for you.)

Or, we attempt to get creative…”I help people live their dreams.” “I turn potential into gold.” Blah, blah, blah. (As an aside, how does anyone actually say that stuff with a straight face? It’s a rhetorical question-so if you are someone who uses a “creative” elevator speech, there’s no reason to write me an angry note.)

But, we do have to say something. So what’s the answer?

Here’s what I think.

The goal for what you say is to stimulate curiosity. If they’re interested in learning more, they’ll let you know. That permission then enables you to tell them the short story about what you do.

I recently saw a great example of this from, of all people, a lady involved in MLM/Network marketing. As a group, these people are usually the worse at this sort of thing, but this lady had a great answer to the “what do you do?” question.

“I help mature women look as attractive as possible.”

I was intrigued and followed her around the room for a bit. Virtually everyone she said this to, asked a follow up question. That question then gave her permission to tell her story about how she started selling this product. (Did you catch why this line works so well?)

The lesson? Get them curious.

For years I told people some version of “I’m a marketing consultant.” The alternative I used, “I assist business owners attract more new clients with no cold calling” was OK, but never flowed as smoothly as I desired.

One day it occurred to me that one of the primary ways I attract clients is through my books, and that I spend the majority of my time preparing, writing or promoting them. Thus, I shifted my answer to, “I primarily spend my time writing books.”

What a change in reaction.

“What types of books?” “How many have you written?” “What are they about?” “Where can I get them?”

This naturally enables me to transition into the story about how I became an author, how I speak, train and coach people on using stories to sell.

Rather than just blab at people uninvited about what we do, or attempt to be cutesy with our elevator speech, focus instead on making them curious. That way you’ll be invited in to tell the longer story about how clients benefit from your services.

However…figuring out what precisely will make them curious requires that pesky mental heavy lifting I often refer to. But, if you’re planning on using networking events or other social engagements as a tool for meeting new clients, it’s certainly worth the effort.

Good food for thought.

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The Most Powerful Sales Story

There’s one type of story I think everyone should have prepared. It’s the #1 story for building an emotional connection with your audience. It enables you to quickly build a level of trust that’s crucial in any selling situation.

Unfortunately few people have this story in their toolkit.

The story I’m referring to is what I call, Your Personal Story. It’s the story about why you do what you do. What makes it so powerful, is that the story transitions you from just another guy selling stuff, to someone who is doing what they do as a part of a larger mission.

Let me give you a couple of examples, so you can see what I mean.

If you probe a bit with many financial advisors, about why they decided to get into that business, you usually hear an interesting story. It often has to do with a family member, loved one or relative who got themselves into terrible financial straights because they didn’t understand investing. This experience was the catalyst for the fledgling advisor to say, “I’m not going to have that happen to me or to others I care about.” And that was the genesis for why they embarked on the path to becoming a financial advisor.

Now think about that, and compare it to how most financial advisors present their services. Most of the time it’s all about “Here’s my unique financial strategy that you should adopt.” Which in the ear of the prospective client, quickly translates into “Blah, blah, blah.”

Telling the story about why you got into the business makes the emotional connection. Pitching your solution, doesn’t. I don’t care whether we sell to individuals or to large corporations, in order for me to buy from you, you need to be someone who seems real to me. The story about why you do what you do, breaks down the barriers of skepticism that almost always exist, and accelerates the relationship building process.

That’s why learning to tell stories is a crucial, not a “nice to have” skill for anyone who sells or needs to persuade others. (Minor pitch-if you have a team of people who would benefit from getting better at using stories to sell, we should talk. Information about my one-day program is HERE.)

Second example.

It wouldn’t be an exaggeration to say that my first few years as a consultant were anything but a total disaster. A large part of the problem was that I positioned myself as this “expert from on high” who was born knowing all the answers. The truth, of course, was much different. In fact, I made every mistake possible, prompting my wife to comment, “It would be great if you would get it right the first time, just once.”

But here’s the point. Once I stopped trying so hard to be the expert, and instead told a story about how I struggled, learned from my mistakes, developed a system that worked for me and also for my clients…now people could begin to relate to me. My willingness to share my vulnerabilities made it safe for them to share that their business wasn’t dong as well as they hoped. Largely because of that story, they knew that I wasn’t going to be looking down on them, because I’d been in that exact same situation. (If you’d like to get a copy of the PDF that shares my story, just shoot me an email and I’ll send one along.)

The final point is this.

Whatever we are selling requires that people trust us, because unless they do so they won’t be open to discussing some rather important issues in their life. Whether it’s the corporate project, which if it isn’t done right could cause someone a missed promotion, to the individual who’s worried about having enough income to live on in their retirement, in order for these people to ask for our help, we have to make it safe for them to do so.

Your personal story is a powerful method for beginning that process.

Food for thought
Mark
mark@gentlerainmarketing.com

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Quit Selling

Imagine for a moment that there was no pressure on you to sell anything…that you were free from the constraints of producing revenues.

In this mythological scenario, your focus is now 100% on building relationships.

No pressure to get them to actually buy anything. All you’re charged with is getting their attention and building a relationship.

How would you communicate differently?

The answers probably vary, but I’d imagine that there would be a lot less focus on you. Your solution. Your features. Why you are better/different/cooler than the competition.

My guess would be that you’d focus more on the person with whom you were speaking. What their challenges are. What they’re worried about. What they desire.

Now pause for a moment and put yourself in the shoes of that person. Who are you more interested in? The person who’s pushing their solution on you, or someone who is genuinely interested in you? (I realize the answer is kind of obvious.)

But here’s the point. In our desire to get people to buy, we tend to revert to a default mode that says the quickest way to do so is to evangelically preach at them about what we have to offer.

Once we’re out of the actually selling situation, we know that we should invest the time to find out needs and desires. But, once we’re actually in the white-hot fire of the sales conversation, WHAM-out come the big guns of WHY YOU SHOULD DO BUSINESS WITH ME. Let me preach at you until you see the light!

Curious, isn’t it, how we know we should do one thing, yet under pressure do something different?

I believe the reason why we don’t actually do, what we intellectually know we should, is because we feel under pressure to close the sale…make the money…meet the quota. And here’s where irony comes into play.

Which is…you’ll sell better if you just don’t care whether the person says, “Yes” or “No”. (Or at least not care too much.)

Of course, having that distance, that ability not to care, means that you have to have lots of people to present your case to. Lots of times at bat. And that’s what a great marketing system should get you-lots of “at bats”.

So you don’t have to care about making the sale (or at least not care too much.)

Food for thought
Mark
Here’s how to implement a marketing system in less than 45 days for under $300.

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Stop Telling Boring Stories

Let me tell you a quick story. Maybe it will help you persuade more people to do business with you.

The story is about a financial advisor named Mort. You probably know someone like him. Mid 50’s, always has that slightly disheveled look, slouched over guy-hasn’t stood up completely straight since Clinton was in office. You know the guy.

Despite all of his best efforts, Mort just couldn’t tell an interesting story to save his life. Sometimes the stories rambled. Sometimes they made no sense what-so-ever. Sometimes-and this was the key culprit-the stories were as boring as a zealot proselytizing about global warming.

The biggest problem with Mort’s stories was that we just didn’t care about them.

He’d talk about a client who was worried that retirement meant a lower standard of living. So what?

He’d go on about a couple who were scared to death about outliving their retirement…Big deal.

He’d blather on about some poor schnook who was afraid he wouldn’t be able to afford medical care…b-o-r-i-in-g.

Now here’s the thing…the problem with Mort’s stories wasn’t the issues that these people face. Those are real, and lots of people are worried about them.

The problem was that we didn’t care about the people in Mort’s stories.

And that’s an important point if you want to tell good stories. Your audience needs to be a teeny tiny emotionally invested in what happens to the characters.

So how do we create good characters? One of the easiest ways is by fleshing them out before starting to talk about the problems they face.

When I told you the story about Mort, wasn’t it easy for you to picture him in your mind? Why was that?

Well, first, I gave him an interesting name. Sometimes a name-like Mort-conjures up an image of a certain type of person. (Which is why you don’t run across too many suave debonair super-spies named Tristen.)

Second, I gave you some quick physical characteristics about Mort. I only used 18 words to describe him, but those were 18 important words.

If you’re going to care about my story, you first have to care about my characters. That’s why before you tell your story think about how you’re going to describe the characters to your audience. Unfortunately we often don’t pay attention to that and as a result, tell stories like Mort.

Good food for thought
Mark
Learn more about how to engage your audience by telling great stories.

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Your Affluent Brand Story

Although using stories in a one-to-one selling situation is a powerful method for differentiating yourself from the competition, there’s another purpose for using stories that’s equally powerful.

I’m referring to your brand story.

This video tells what I call “an origin story“. In this case, it’s about the beginning and evolution of a company, but it’s an interesting model that could be adapted to a personal story about how you started in your profession. These origin stories are powerful stuff-they enable us to connect with our prospects and clients on that all-important emotional level.

Remember, the reality is that we buy for emotional reasons, and justify the investment with cold hard statistical facts & figures.

Here’s an excellent example of a brand story. Enjoy

Need some help in developing your brand story? This program will be beneficial. More HERE

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How To Get Your Messages Read

Let’s face it, the world is noisy. Lots of people trying to get the attention of the prospects that you want. Lots of noise.

So why does one message get heard and others ignored? Here’s a thought that I think will be helpful.

There’s an old saying in marketing that you want to enter the conversation that’s already going on in your prospect’s head.

The trick to doing this is that we really have to know our prospect-what their hopes, fears, dreams and ambitions are. Even though we may be sending our message out to hundreds or even thousands, we want the tone and content to be the same as if we were intimately writing to a single individual.

Thus, the more we can put ourselves in the proverbial shoes of our prospect, the more effective we’ll be at writing these types of messages. Here’s an exercise that I found helpful and I thought I’d pass along to you.

Take the time to give the following question some good thinking…from the perspective of your ideal client.

• John (or Jane) is my ideal prospect. He/She is __years old. His/Her three biggest frustrations are ___, ___ and ___. He/She is afraid of ___. Sometimes he/she even wakes up in the middle of the night worrying about___.

• If he/she could snap his fingers and make three specific outcomes happen immediately, he/she would want the following three things to happen:

• His/Her biggest concern about hiring an advisor to solve this problem is ___.

• When he goes to the Internet to find a solution to this problem, he’ll usually enter keywords into Google such as ___, ___, and ___.

• If he is going to do business with me, he needs to believe 1___, 2___, and 3___.

• The myth he believes (which I will shatter) is ___.

• The biggest reasons he would not buy from me would probably be 1___, 2___, and 3___.

• Right now he gets most of information about my topic from centers of influence such as 1___, 2___, and 3___.

• In trying to solve his problem, he’s not able to___.

• The perfect way to help him overcome his biggest frustration would be to ______.

Taking the time to answer these questions will enable you to write your messages with an intimate voice that will greatly increase the likelihood that they’ll be read.

Good food for thought

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The Illusion of Expertise

Many successful consultants, advisors and small business owners are in enamored with the concept that they will achieve success merely by being good at what they do.

However, outside of academia, and for a few elite others who fate has shined a kind eye on, expecting the world to beat a path to your door is a losing proposition.

I recognize that in an ideal world, you’d just like clients to magically appear so that you could focus on the work you most enjoy. Which is why the marketing siren’s call of “we’ll do it all for you” is so alluring.

But here’s the reality.

As the CEO you also bought (perhaps unwittingly) the role of CMO (Chief Marketing Officer).

And the sad but true reality is that you can only delegate those responsibilities after you’ve mastered them.

So the question becomes…how are you going to get up to speed?

Here’s one option

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How To Be Unique

Let’s face it, there are a lot of “you” out there.

Lots of advisors, consultants, HR experts, small business owners, butchers, bakers, candlestick makers…

Obviously, what we need to do is stand out amid the sea of competition-all of whom look pretty much like us. So here’s an idea.

*What if you became known as the financial advisor who specializes in ranchers? Or…

*The time management expert who specializes in helping insurance agents get more done during the day? Or…

*The HR consultant who works with software companies on helping them identify and develop high-potential employees.

And…suppose you wrote a relatively short (700-3000) word article that expressed your opinion about what ranchers or insurance agents or software companies were doing right & wrong when it comes to your area of expertise?

And suppose you created a simple one page website that promoted the availability of that article?

And then…you ran some inexpensive ads, did some publicity, used social media, created a YouTube video, spoke at the relevant association events, held some webinars or teleconferences…to promote your expertise.

Would you still be viewed as just another advisor, consultant, HR expert, butcher, baker, candlestick maker…?

I don’t think so.

In fact, I think you’d be perceived as an expert by your target market. (In fact you could then do the exact same exercise for a different niche market: ie the financial advisor who specializes in stamp collectors, the HR advisor who works with insurance companies, the time management expert who works with realtors…)

Certainly some good food for thought.
Mark
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What do you read?

OK…you’ve promoted your free offer and now have a list of subscribers. The question now becomes, “How do I come up with topics to write about?”

That’s an important question since “staying in touch with your subscribers” is arguably the most important part of the whole marketing strategy. Somewhat ironically, it’s also the part that people tend to give the least amount of attention to.

If the swing-thought is to simply send people “stuff”, it’s not terribly surprising if no-one actually reads it. And if no one reads your stuff, it’s sort of difficult to develop a relationship with your subscribers.

So back to the original question, “What to write about?”

My personal belief is that the more your reading tastes are eclectic in nature, the easier you’ll find topics to write about.

So let’s start with the newspapers you read. I’m sure there’s the local daily. But what about the Wall Street Journal? You don’t have to be a financial type to get a lot of value from it. In fact, I’d argue that if you’re serious about business, the WSJ ought to be on your reading list every morning.

But let’s not stop there. How about USA Today? For my money, it’s hands-down the best daily newspaper if you want to get up to speed quickly on what’s going on. In fact I only get the Atlanta Constitution on the weekends, since USA Today does a much better job of giving me the overview I need about the worlds of Sports, Culture, Current Events and Business. Plus, it’s got the coolest weather map!

But wait…there’s more. Since I do most of my writing in the mornings, this next daily read has probably given me more great ideas to write about than any other newspaper I get. I’m talking about the Financial Times. I don’t know how much time you’ve spent outside of the USA, but the rest of the world does think differently than we do. Sometimes the differences are subtle, sometimes they’re rather substantial. What’s great about FT is that it makes you think about things differently–and that’s what causes the neurons in the brain to start to fire–which in turn gets your creative juices flowing.

Having an eclectic reading list makes us interesting people. And if we’re interesting people, it’s likely that we’ll write interesting stuff.

Moving on to magazines. Let’s take a look at what’s on the night stand. Egads, the pile is huge! We’ve got Monocle, Financial Advisor, B2B, The Hollywood Reporter, Fortune, Business Week, Steve Harrison’s Reporter Connection, Fast Times, Rolling Stone, INC, The New Yorker…

Now do I actually read all these? Candidly, the answer is, not really. But I do thumb through all of them, and I’d guess I read at least a couple of articles from each.

For those of you who like formulas here’s a great one to jump start your thinking when you find you’ve run out of ideas for what to write about.

I was reading an article in (Name of publication) which got me thinking about how (the topic) relates to (your area of expertise).

I was reading an article in Monocle which got me thinking about how an eclectic reading list can help us come up with ideas for what to write about to stay in touch with our readers.

What’s interesting about this exercise is that it will stretch you creatively, which will make your writing more interesting. Since there’s certainly no shortage of boring-same-old stuff being dumped into our in-boxes, it’s bound to help you break out of the pack.

Try subscribing to one new publication and see what effect it has.

It certainly can’t hurt.

Food for thought
Mark
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What Myth Can You Debunk?

Here’s a problem…

How do we get people to pay attention to us without doing anything silly or inconsistent with the professionalism of our services?

Here’s an idea.

What’s a myth you can debunk?

Let me share a quick example…

If you’ve picked up a copy of USA Today anytime over the past year, you’ve undoubtedly seen the ubiquitous ads run by Bill Bartman, former CEO of Commercial Financial Services. You may recall his story about how he went from dirt poor to billionaire, back to dirt poor, and now seems to be back on track to really-rich status. What’s interesting about his latest business iteration is his attention-getting hook about debunking the myths on how the dept collection business really works.

There’s no shortage of people offering debt reduction assistance, yet Bartman has vaulted into the front ranks largely by offering a free report that focuses on his perspective and opinion.

And that’s key.

If you want to break out of the pack, you need to have a philosophy. And it’s particularly attention-getting, if a part of that philosophy is why common held assumptions are wrong.

In my own case, Gentle Rain Marketing’s philosophy is that most marketing experts and gurus make implementing a system for attracting consistent streams of brand new clients way too hard and complicated. As you’ve undoubtedly heard me preach, “If you do what I tell you to do, there’s absolutely no reason why any company can’t have a highly effective marketing system up and running in less than 30 days for under $300.”

In fact, if you really focused your energies, you could have that same marketing system up in a week.

That’s my soapbox.

That’s the myth I debunk.

Sure it stirs controversy, but that’s OK. As Grandmother used to say, “You can’t make an omelet without breaking a few eggs.”

What myth can you debunk?

Food for thought
Mark
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