Sales and Cigars | Matt Anderson | Think Differently About Marketing | Episode 162
Sales and CigarsFebruary 22, 202449:1167.67 MB

Sales and Cigars | Matt Anderson | Think Differently About Marketing | Episode 162

Matt and I dive deep into the 3 most common business-killing marketing mistakes business owners and revenue officers make. The 3 big mistakes are: 1) If you build it, they will come; 2) Marketing is something you bolt on after you've created your product or service; 3) Your message is framed from your perspective, not your customers. If you want the fix, jump into the episode.

Go grab a cocktail, a cigar and strap in for an impactful episode of Sales and Cigars.

Find a PDF version of Matt Anderson's book "First Fix Your Message: The Entrepreneur's Secret Path to More Leads, Customers, and Sales" in this link: https://bit.ly/429mfIv

The Book: First Fix Your Message: The Entrepreneur's Secret Path

The Link: https://www.amazon.com/dp/B0CP8NT4VF

Get your free copy of Walter Crosby's new book: https://www.the7criticalmistakes.com/the-7-critical-mistakes-optin

We created a FREE 5-Day STAR Sales Hiring Challenge to teach you and your team how to hire sales rockstars. We will provide you with everything you need to install the STAR hiring process at your company and start attracting, hiring, and retaining High Performing Salespeople.

You can sign up for the next FREE STAR Hiring Challenge here:

https://events.helixsalesdevelopment.com/star-hiring-free-challenge-invite

Connect with Walter Crosby:

E-mail: walter@helixsalesdevelopment.com

LinkedIn: https://www.linkedin.com/in/walterlcrosby/

Website: https://helixsalesdevelopment.com/

Calendly: https://calendly.com/walter-helix/15-minute-virtual-cup-of-coffee

Connect with Matt Anderson:

E-mail: matt@zegg.io

LinkedIn: www.linkedin.com/in/matthew-anderson-61821220/

Website: zegg.io

[00:00:00] Hey everyone, Walter Crosby with Helix Sales Development, your host of Sales and Cigars.

[00:00:04] Today's episode is a how to think differently about marketing with my buddy Matt Anderson.

[00:00:10] Matt and I are working on a couple of secret projects to help you folks solve some of the problems

[00:00:15] that we talk about in this podcast. So today we talk about the three big mistakes that business

[00:00:21] owners make when they're doing their marketing, when they're thinking about their marketing. And

[00:00:26] what we share is some of the things that you can go back and sit down with a journal, sit

[00:00:31] down with a cocktail, sit down with a cigar and a cocktail and write out what really is important.

[00:00:38] And we give you the step-by-step problems to solve. We talk about the book and the manual that

[00:00:43] Matt has that I really encourage you to go get. So go grab a cigar, grab a cocktail, strap in for

[00:00:49] another impactful episode of Sales and Cigars.

[00:00:56] So Matt, welcome back to Sales and Cigars and thinking differently about marketing. I appreciate you

[00:01:22] taking some more time. Yeah, thanks for having me Walter. So let me start off with this

[00:01:28] your book. People can find this on Amazon, you know first fix your message. I think that's

[00:01:38] I think that's where we want to start and get people because this is it's not a novel,

[00:01:43] it's not a story, it's a freaking manual for people to go ahead even if they started their marketing

[00:01:50] and it's all jacked up. They go back here and started to beginning, they'll understand, right?

[00:01:55] Yeah, I tried to fill a gap that I saw and have seen in a lot of the clients that I've talked to.

[00:02:03] This book is really designed to be kind of the missing manual for business owners and revenue

[00:02:08] officers, sales managers that you know will tell you the things about marketing you need to know

[00:02:14] in order to be successful. And you know if you thought that some of the marketers that you've hired

[00:02:20] done it wrong, I think you might find that it validates some of your instincts. And if marketing

[00:02:26] just completely confuses you, I guarantee that at the end of the book you'll at least have a pretty good

[00:02:31] handle on why it works and what you need to do in order to get results quickly.

[00:02:37] I honestly think that entrepreneurs and business owners should look at it, read it, study it,

[00:02:43] but it's not going to hurt a marketing person to go read this and kind of readjust their thinking.

[00:02:52] This is really designed for the business owner, for the revenue officer,

[00:02:57] for the salesperson who has some responsibility management marketing to really fill in the gaps

[00:03:02] and just tell you exactly what you need to know and what you need to do to get practical results.

[00:03:08] It's not a ton of high-flown theory, although there's a little bit in there about how marketing

[00:03:13] works that might surprise you. But it's really kind of a step-by-step guide to evaluate what

[00:03:19] you've been doing and figure out how to create a message that works.

[00:03:25] Sales leaders and sales managers and for that matter salespeople,

[00:03:29] this is the responsibility of the business owner to share this information and the story,

[00:03:35] marketing story, the company's sales story. That's their responsibility, but

[00:03:41] if you understand it as a CRO, VP of Sales Manager, it's going to make your job a lot easier.

[00:03:50] It's going to help you craft the right story as you're talking to your prospects and customers.

[00:03:56] Yeah, if you're just starting out or like you're the salesperson and have to create a message

[00:04:01] yourself, you'll find pretty actionable advice in there. But it also is kind of a step-by-step

[00:04:07] guide to how to manage marketers that you do hire if you're working with professional marketers

[00:04:14] to get good results out of them, to really guide them in the right way and to contribute the things

[00:04:21] that only the business owner can do the marketing process.

[00:04:25] The information that they need because sometimes they don't ask for it in a way that's meaningful

[00:04:31] to us as an owner. Yeah, exactly. I mean so many, if you read any of the popular marketing books,

[00:04:38] they're primarily written from the perspective of someone who's actually doing marketing,

[00:04:43] who's creating the marketing assets. And I've become convinced in what 23, 24 years I've

[00:04:50] been a marketer now over the course of my career, I've become convinced that there are some insights

[00:04:55] that only the business owner can furnish that really make or break your ability to be successful

[00:05:01] in your marketing campaigns. And so this is really the guide to helping business owners,

[00:05:06] or whoever is managing the marketing a not make the mistakes that sabotage marketing inadvertently

[00:05:12] and b contribute the key things and insights that only you have to make those decisions so that

[00:05:18] you set up your marketing success. And it's going to give them the perspective to be able to

[00:05:26] put it in the right context for the marketing, marketing people whether they be internal extra.

[00:05:32] Right, I basically when I sat down I wanted to write the book that I wish all my clients would have

[00:05:37] read before they hired me and you know I hope I've done that. I think you have, you know there are

[00:05:44] different formulas if you will or different ways to create that message in ways that will captivate

[00:05:52] the attention of the people that you want to reach, your ideal customers. And there are

[00:05:59] you know ways that you can craft a story that will get them engaged and persuade them to want what you're

[00:06:08] what what you do or to change the perspective on the world that they have that is preventing them from

[00:06:15] buying your product or service. And there are ways that you can tell that story that will build

[00:06:20] a much deeper relationship with that customer so they don't just buy the first time but they keep

[00:06:24] coming back. You know that's the discipline of marketing and sales. But you know I think where people

[00:06:30] often get themselves in trouble is that they haven't really fought through those aspects of their

[00:06:36] business before they get underway. You know Peter Drucker said you know the number one job of a

[00:06:44] business is to create a customer and he followed up by saying that you know as a because of that

[00:06:51] you know there is really you know marketing and sales is what drives revenue and everything else

[00:06:57] is in expense. You know that innovation and marketing is really the two things that drive the

[00:07:04] business. You know and you know I asked the question a moment ago you know why is it that

[00:07:11] you know so often people forget to you know really think hard or work on that part of the business

[00:07:19] and you know solid bit is because it's foreign to them. You know you know and I think you made

[00:07:25] the point when we had a conversation a little bit ago that you know the Michael Gerber book,

[00:07:33] the E-Mith really explains why that's true so so neatly. That you know the vast majority of

[00:07:39] businesses are started either you know people like to think that they're started by visionaries

[00:07:44] you know and that's a small percentage of the business but the vast majority of businesses are

[00:07:48] started either by technicians you know who are really good at doing something you know they're

[00:07:53] the baker who knows how to make a great cake or they're the car mechanic who knows how to fix

[00:07:57] their car or they're started by people who are managers. They know how they know how to orchestrate

[00:08:02] the work and they've been in the industry they kind of know how businesses like that operate

[00:08:08] but they haven't really figured out the you know going out and getting customers part the

[00:08:14] you know convincing us for the buy part and they never really think through that part of their business.

[00:08:19] And they struggle with the vision part of it too right so there's

[00:08:24] that entrepreneur doesn't I mean that's why Gerber called the E-Miths because it's an entrepreneurial

[00:08:30] myth so rarely is that one person all things. So I mean I love that I mean it's a great book I think

[00:08:41] anybody that starts a business should read the book before they pull the trigger

[00:08:45] right because it's going to help them see things from a different perspective and then go read

[00:08:52] your book because it's going to help them tell a story in a meaningful way and help them fill

[00:08:57] in the caps. Yeah I mean the big idea in E-Mith is one that everyone who starts a business or

[00:09:04] who owns a business I think needs to really take on board and you know I mean it's such a

[00:09:09] famous book and probably most of the people listening to this podcast it have read it that what he

[00:09:13] says is you need to work on the business first you need to think about the business itself

[00:09:18] as a product as something that you're designing and you have to fit you know you have to work

[00:09:23] on how the business operates you need to systematize the way you take care of customers but you also

[00:09:29] need to have a plan for how you actually create that customer in the first place. How do you go out

[00:09:34] grab their attention? How do you you know persuade them to buy and then how do you build a relationship

[00:09:39] with them so that they keep buying again and again and that's really you know the book that I try

[00:09:45] to write is you know the owner's manual for how to do that but yeah you know. So let's go back to

[00:09:55] the I mean I think everybody that listens to this is Brett E-Mith at least once like you said

[00:10:03] they think everybody's struggled with getting marketing right. So let's tap into those three

[00:10:10] mistakes and these aren't these come from your book they come from yours but they come from

[00:10:19] years of experience of watching and they're simple enough I think we can get people to understand

[00:10:24] here in the next 15-20 minutes what those three mistakes are and how they might go about change

[00:10:31] enough so I'll reiterate the first one is that they start off I'll build it and they will come

[00:10:40] if you build they will come is one of the mistakes I see really often often especially with

[00:10:51] classically with startups. I've worked with a number of venture-back startups through the years

[00:10:57] what often happens is you know they might raise you know three or five million dollars

[00:11:02] in order to build a software product for example you know maybe they're going to revolutionize

[00:11:06] a particular part of you know business-to-business software and what they do is they spend a year

[00:11:17] and a half building product they do it often with the customer discovery methods so they've got

[00:11:22] you know maybe three to five initial customers and they build a product that solves a business

[00:11:28] process problem for those customers and then they invest a little money in marketing which really

[00:11:36] means that they build a website that looks like every other software is a service website

[00:11:41] that's selling to other businesses that highlights the features of their product all the cool things

[00:11:46] that the product does they hire an outbound calling firm to develop leads for them and then

[00:11:53] they hire a sales manager and a couple of salespeople who are whose job then is to convert those leads

[00:12:00] and what they have you know and they think that because they have this amazing product

[00:12:07] that the how amazing the product is is going to be obvious and it's going to be able to

[00:12:14] immediately persuade people that you know they have the solution that they're looking for

[00:12:20] I was working with a client in the last few years who did you know a little bit more than this

[00:12:27] but you know kind of follow that plan they've developed legitimately a groundbreaking product

[00:12:32] that for a particular kind of business and there were thousands of them in the country

[00:12:37] would legitimately save them at least a million dollars a year

[00:12:41] and it wouldn't be very hard to adopt it made things super simple it wasn't very expensive

[00:12:48] and the amount of headcount that they could save would pay for the product many times over almost

[00:12:53] immediately it was such you know apparently slammed on sale that the board of directors and the owner

[00:13:01] the founder and the the managing team all thought that the sales process would be super short

[00:13:06] they just need to have a quick conversation and they'd be able to sell a product pretty quickly

[00:13:11] well I'm sure you know how that story you know I lived with a startup that had

[00:13:22] in that situation it was arrogant yeah they just thought they had the greatest thing but I remember

[00:13:28] I went on a road to go share this product with people and I went to New York

[00:13:35] met with the leading consultant in their space it was like a luminary and I'm like look we've got

[00:13:43] adoption from these big companies right and I'll just say like might have been Google

[00:13:51] and I might have been Facebook right yeah and she's like she's she just sat there and shook her

[00:13:56] head she's like I hate those I hate those organizations yes they give you guys hope yeah

[00:14:02] and I remember I sat back in my chair and I like what do you mean tell me tell me what you're really

[00:14:09] saying she's like you have a product that's interesting but it's not prepared you

[00:14:16] you're they think it's cool but that's what they bought it because it's cool and they don't

[00:14:22] really understand it and they they're not going to buy filled their whole space with it right

[00:14:27] they gave you hope that was not legitimate yeah and they have it will they just go out and spend

[00:14:31] money on that so I mean it it really speaks to the problem that they get very excited but nobody's

[00:14:38] really able to tell the story in a meaningful way of people like oh shit that's great we need that

[00:14:42] that's going to solve that problem right they need to discover that so just because you've got

[00:14:48] the cool thing the best mouse trap if you can't talk about it in a right way and explain it

[00:14:55] to that to that consumer that buyer doesn't matter how cool it is yet there's virtually no product

[00:15:03] that will sell itself without some work having been done to prepare the market and some work having

[00:15:10] been done to persuade the customer to actually buy especially when the status quo is so different right

[00:15:15] and what jumped in my head was Henry Ford trying to sell this horse was carriage just in the idea

[00:15:23] that they referred to it as a horseless carriage just tells you that there were so many people like

[00:15:30] I don't trust that car right I know what the word is going to do I know how they operate I know

[00:15:34] what I got to do to make sure that horse does its thing and all fast I'm going to go I can get

[00:15:38] down the road and that thing breaks did right so yes you have to be able to get past that and then

[00:15:47] everything else that comes up in the consumers mind yeah I mean you know the example of Henry Ford

[00:15:54] is instructive right even just calling it a horseless carriage started to build a bridge to the

[00:16:00] customer's perspective right and find a way to communicate what the product did it did the things

[00:16:07] that the carriage does and how does it do well it does it some way other than a horse um but you know

[00:16:13] already Henry Ford was doing a good bit of sales and marketing work just to get your attention

[00:16:20] and communicate what he did and you know there's lots of other you know the classic startup product

[00:16:26] is something that's truly disruptive that is unique novel that doesn't really have an exact

[00:16:32] parallel it's it's pioneering to do market but you know so much of the entrepreneurship that

[00:16:39] you know we see out there uh the businesses that are formed the clients that you work with

[00:16:44] that I work with um they're really you know innovating and improving or sustaining ways right they're

[00:16:50] working within a new market but they have a slightly better way to do something or they're doing

[00:16:56] it roughly something else but it you know it's a little bit different sometimes they have to niche

[00:17:02] inside of a space right and they they have to have a different perspective on like oh yeah that's

[00:17:10] different than what everybody else does so you can differentiate in a bigger space and niche it down

[00:17:18] to somebody that really cares about certain things you're not going to get the whole thing

[00:17:23] right but nobody ever gets the whole thing right no exactly um and and I think there's this concept

[00:17:30] in startup investing uh it's really useful to entrepreneurship in general um they call it product

[00:17:36] market fit and that's what you're really looking for uh or what you're really looking to create when

[00:17:43] you start a company you know the startup advisors are good to say you know you you really want to put

[00:17:49] 100% of your energy in building a business to build a product that uh you know they'll often say

[00:17:55] scratches your own niche and keep working at it keep uh designing it keep refining it keep

[00:18:03] building it you know keep testing this minimum viable product until it achieves product market fit

[00:18:08] until the product uh fits a particular customer so well that they want to buy it um but what

[00:18:15] they often forget uh and this is where that first mistake if you build it they will come comes in

[00:18:20] is that product market fit doesn't exist in a vacuum product market that is created by the

[00:18:26] combination of sales and marketing and the decisions you make that bake that sales and marketing

[00:18:33] into what you do so it's who you decide to serve and it's the features that you build into your service

[00:18:40] that do a very particular job for that customer that solves the specific problem or helps them

[00:18:46] satisfy a specific desire and the job of marketing and sales is to ensure that your business has

[00:18:53] a system that will put that product in front of the customer frame it in the correct way so that

[00:18:59] they're interested and then follow up in ways that persuade them to buy it ultimately you don't

[00:19:05] have product market fit until you have marketing and sales that will attract those customers

[00:19:13] and persuade them to buy because you know in the essence of that if you think i'll just build this

[00:19:19] product that fits this customer and you don't have a system for connecting the product and building

[00:19:24] a bridge between that product to that customer you're never going to have product market fit because

[00:19:29] you're never going to have the customer who purchases that product so i mean there's a

[00:19:33] that's the gap and you're you're talking about is fixing that gap um exactly it's heartbreaking

[00:19:40] so i i i can count probably several dozen times in the last 20 years where i've had clients come to

[00:19:47] me they've spent hundreds of thousands of dollars in some cases millions of dollars uh building a

[00:19:53] product designing a business they've often sunk 18 months uh two years three years into making this

[00:20:00] business go and then they come to me and they say i have 15 thousand dollars left i've developed a

[00:20:05] great product uh i'm about to go bankrupt safely and you have to kind of deliver the news you know

[00:20:12] given the customer you're trying to find the odds that you're going to be able to attract them with

[00:20:19] what you can spend on advertising right now or or slanted on i you know hey thanks for being part

[00:20:25] of the sales and cigar community i wanted to share that i wrote a book the seven critical mistakes

[00:20:30] CEOs make with their sales organization the CEOs you've read it tell me i cut to the chase quickly

[00:20:37] get to the point explain exactly what they're experiencing why they're experiencing and how to fix it

[00:20:43] so if you want a free copy go check out the link in the show notes now let's get back to the interview

[00:20:48] so the message is really there's a parallel tractor but but it's the parallel isn't really

[00:20:56] isn't truly parallel you have to be ahead think about Steve Jobs and Apple right he he wanted to change

[00:21:05] how people viewed and the their access and their uh the ease of use right and he knew who he

[00:21:12] wanted to help and he knew what he wanted to do and they sort of they i mean they had an idea

[00:21:18] right with the computers and then the iPhone thing and all of that but it was the clarity it was

[00:21:25] like i want to do this big thing and then let's go build some shit that's going to make that happen

[00:21:32] the vision was there yeah right well yeah i mean it's it's really interesting it would be

[00:21:38] instructive for the listeners to go back and you can find on youtube uh old videos of Steve Jobs

[00:21:46] his keynotes or when he was pitching products i saw one just a couple days ago uh he was at MIT

[00:21:53] and he was talking about Nats computer uh the the computer startup that he it's he had created after Apple

[00:22:01] uh and it's it's really interesting he he was uh talking about object oriented programming

[00:22:09] and in five minutes he took this really arcane technical subject and he described what next was

[00:22:16] dealing to innovate on that concept and why it was going to change the future of computing but

[00:22:21] what was amazing about that is you could tell from that description exactly who he was trying to

[00:22:26] serve the market seems going after the problems his customers had uh what they desired and what

[00:22:34] they believed about the world that he was going to change uh and then in changing how they saw

[00:22:39] the world he was going to change their ability to uh create software and run their businesses

[00:22:44] and uh you know it's it's really a masterclass in how uh the right marketing message

[00:22:52] um can really change the reality of the audience and create a new market out of the air

[00:22:59] uh you know people talk about Steve Jobs having this reality distortion field

[00:23:03] uh and it's true but the way he did it uh was through the stories he told and the way his message

[00:23:12] uh connected with what his audience already thought and felt and then helped them see a new reality

[00:23:18] uh and you know that's something you don't have to be super charismatic or persuasive like he was

[00:23:23] to do you just you know need to follow certain steps uh in uh how you communicate uh what your vision is

[00:23:31] and uh how you're bringing it to market that's really the thing you have to tell the story

[00:23:37] to the right people and get them to lean into it and recognize he's talking about me

[00:23:43] he's talking about my problem yeah you did that it didn't matter if he was uh an animated movie

[00:23:50] he did later in his career uh software computers yeah uh gadgets of any type

[00:23:57] he it was all tied together like who's who are we trying to serve here don't forget

[00:24:02] that our customers are you know with with i'm thinking about the fix our right it's yeah the consumer

[00:24:12] was the little the little kid but it wasn't it was the parent that was going to be spending the dough

[00:24:18] right keep it engaged right but he was able to to tell that story in the same way um and peel off

[00:24:24] enough i mean they did okay yep stunner right oh yeah yeah they i i think you'd say that they're you

[00:24:31] know apples uh not such a company anymore few years later they they change the world and Tim

[00:24:40] Cook hasn't been able to screw it up badly enough yet so let's talk a little bit about the

[00:24:46] other idea of the marketing and we've talked about it and i think i think we've added covered it but

[00:24:53] that you you have to be able to address this marketing component in this story when you're developing

[00:25:00] your product and and before you develop the product you got to really know what am i trying to do with

[00:25:06] this what do they care about so that's gotta lead it right it's gotta lead what they care about

[00:25:15] you gotta go figure that out and make sure you're delivering it and then phrase it in the way

[00:25:20] marketing magic is about that putting the words that gonna resonate with your consumer whoever that

[00:25:26] i yeah that that's not a mistake we were talking about is the idea that you can just bolt on your

[00:25:32] marketing after you've created your product um and that's still the way that a lot of marketing

[00:25:39] firms think and it's the way that a lot of the mark the books out there are marketing operate right

[00:25:44] that you know it's the job of the business owner the operations and the entrepreneur to create

[00:25:49] the product and then it's the job and then they throw it over the fence and it's the job of the

[00:25:53] marketers and salespeople to go you know sell the hack out of it um and you know the reason

[00:26:01] that that's such a common perspective is that that's how the world used to work and used to be okay

[00:26:08] um you know if you think about most of the 20th century you had very limited advertising channels

[00:26:13] you had three TVs you know three networks that were broadcasting TV you had a you know

[00:26:19] handful of radio stations that mattered and you had you know some magazines and newspapers

[00:26:24] and each of them were very bandwidth limited right you only had maybe six commercials per commercial

[00:26:32] break uh five commercial breaks per hour um and you know that was it they're just weren't that many

[00:26:38] ads to buy and they reached 30 seconds long you couldn't really say that much uh and it was

[00:26:43] expensive distribution was hard you know if you were distributing products through retail stores

[00:26:49] you had limited else space it's like what Dan Kennedy said in that space and that world for a long

[00:26:54] time whoever can spend the most money wins and to a certain extent that's still true yeah but

[00:27:01] the context is changed about where you spend and how you spend well yeah the way advertising

[00:27:08] distribution was set up in the 20th century uh it really favored large companies so if you were

[00:27:13] first a market and you could develop profits first then you could uh for now spend your competitors

[00:27:19] you know ad rates would go up shell space got more expensive but you'd still stay there

[00:27:24] and because there were mass audiences uh you're it really prioritized products that kind of served

[00:27:31] the 20 you know the 20 percent I'm sorry that you know provided the 20 percent of features

[00:27:37] that were good enough for 80 percent of the market right that will leave you 20.

[00:27:42] But we now have been a world of abundance uh you know for five bucks you can target an ad

[00:27:48] to people just like me on Facebook and Instagram or I can target ads to people just like you

[00:27:55] and uh you know I can publish a message that is thousands of words long or 30 seconds long

[00:28:03] or a video that is you know a 10-minute webinar or any of that I can I if you know for five bucks

[00:28:10] I can get that in front of virtually anyone and it's really easy to distribute products now

[00:28:15] I can send them through the mail and you know a whole bunch of drop shipping services and uh

[00:28:22] online stores had made it you know really cost effective and easy to uh set up um you know

[00:28:28] ways to to sell your product once you get your ads in front of people um so those barriers have

[00:28:35] been lowered and as a result there's so many more viable competitors uh you can create a product

[00:28:40] profitably that serves virtually any any and so as a result there's uh much more you know

[00:28:48] many more people vying for the attention of your ideal customer um and you know what that means

[00:28:55] is that if you're going to succeed you really need to design a product that has dev right a product

[00:29:01] in a message that has dev they can attract the attention of that ideal customer that's particularly

[00:29:08] tailored to what they're interested in uh and isn't uh you know the the generic messages that

[00:29:14] succeeded years ago um just for most companies and most of the time won't cut through the noise today

[00:29:21] uh and you know the other problem is that today with social media and blogs and and email and

[00:29:29] what you can do on the internet your customer has many more ways to talk back to you

[00:29:34] and to share their experience with other people than they ever had before you know in 1950

[00:29:40] if you sold a product that was maybe a little over-promised and you know not that compelling

[00:29:45] and and tricked people with ads and divine it uh they might be able to tell their neighbor

[00:29:51] today they tell the world and that post can go viral uh you know as the airlines have found out

[00:29:56] you know if you have a flight this stays on the tarmac a little too long millions of people might be

[00:30:01] aware of it and you could lose 10% of your you know stock value overnight well you could

[00:30:06] sitting in the in the airport lounge twitter and if you have the right following

[00:30:11] in the airport engages the airline engages with you to like say cut it out right like what can

[00:30:16] we do to get because they because of of the impact it can have to or or another example from last

[00:30:24] year you know bud light spends five hundred thousand dollars on a promotion that only a few of their

[00:30:29] customers you know a few a new target market a few people were we're supposed to see but uh

[00:30:35] you know if you if you have the regular customer see it get offended and all of a sudden they lose

[00:30:42] 20% of their market share overnight well they they lose the number one spot that they felt for decades

[00:30:49] yeah yeah and you know now uh they've been put on uh warning at Costco they're about to lose a lot

[00:30:56] more of the distribution it you know it's probably all told uh you know five or ten billion

[00:31:02] dollar hit overall you know if you add up their stock value brand value and uh wassales

[00:31:11] so i mean having that thinking through that piece of it before you jump into building it

[00:31:20] and before you you can't just bolt it on to what you've done because of the way

[00:31:26] marketing is told and the stories are available and how we can target

[00:31:30] is change so much yeah actually you actually need to build your product be consistent with the

[00:31:37] message that we want to go to market with right you need to be truthful in what you're selling

[00:31:43] and the days that you can con people into buying your product you know you might get buy on that for

[00:31:48] a week or a month or a quarter but uh it'll come back to buy you and buy you and and uh

[00:31:54] damage you quickly uh but it also extends to you know how you take care of customers after the sale

[00:32:00] you know how do you deliver customer service it needs to be in keeping with the brand that you're

[00:32:05] trying to create uh you're asking your person rather than a robot right there's a piece of that

[00:32:10] yeah exactly you can't just paper over uh your flaws with marketing anymore you need to build

[00:32:16] that back all the things that your marketing and sales represents need to be built back into

[00:32:22] everything that you are as a company how you treat your employees how you operate how you care

[00:32:26] for your customers uh the culture that you create you actually need to live those values

[00:32:31] you can't just give lips or service to them anyway it's gotta it's gotta be authentic

[00:32:36] go back to morty for a second because one of the one of the things that

[00:32:40] that he's struggling with is framing his story the words he uses his his message

[00:32:52] um from the customer's perspective rather than his perspective and yeah and I mean I've had

[00:32:59] conversations with him consistently about you know you're talking about what you do and how you do it

[00:33:09] you're not talking about what it means to the other to your customer why why do they give a

[00:33:14] shit about what you're what you're doing what are the outcomes you're gonna get why did it help

[00:33:20] them get to where they want to go or does it help them alleviate the fear that you know that

[00:33:26] they're afraid of and I think that's a big huge stumbling block for most entrepreneur

[00:33:36] because they're just so wrapped up in the thing that they do yeah and um I think that there are

[00:33:45] you know a couple of really common reasons that prevent entrepreneurs especially from

[00:33:52] being able to talk from their customer's perspective uh you know the kind of the the big reasons

[00:34:00] I see that uh people's message gets lost in translation if you will uh is first the curse of techno

[00:34:08] battle uh that they use uh you know technical language that compresses a lot of meaning for them

[00:34:17] right because they're an expert in their industry uh but they do that in it in ways that uh

[00:34:23] really don't connect with the customer uh you know you you might talk about to an accountant who's

[00:34:29] using a bunch of uh you know terms that are used in tax law and really what the customer cares about is

[00:34:38] not dealing with the IRS exactly like the way I frame that we had a contractor at our house last night

[00:34:47] and like dude I don't care how you make the sausage yeah I care about I don't even care what's

[00:34:54] in the sausage to a large extent I do care about what the sausage tastes like and how long it's

[00:35:01] going to take to be prepared what the what that what that does to me like I don't care like and he

[00:35:08] want he was very excited about sharing me the the the new on service product and like I get it

[00:35:16] it's got the thing that nobody else has okay but what is it what does it do for me yeah totally

[00:35:22] what's it is when you have to say that to somebody like his his his sales pitch didn't jive with the

[00:35:31] marketing that you see from this product on television right and right like that night we saw

[00:35:38] West Television for an hour and we saw six commercials for the product we we bought

[00:35:45] yeah right and but they weren't congruent there's another whole problem which we can get into

[00:35:51] it a later date totally but the the idea is that if if you're talking about technical stuff if

[00:35:57] you're talking about how the the the microns of the of the product it doesn't get through the thing

[00:36:06] out here yeah patterns on that great that's terrific right and in Tektor Babel is really a subset

[00:36:14] of a bigger problem which you might call the curse of knowledge right so many business owners are

[00:36:21] our experts in their field and they forget what it's like not to know what they already know

[00:36:28] and they don't really realize what the customer already understands and more importantly

[00:36:33] what they don't already understand so what they often do is they'll skip over explaining the reason

[00:36:40] the customer has the problem they do and they'll just dive right into the solution and all the

[00:36:45] cool features of their product but you know as you say they haven't explained why those features

[00:36:52] matter to the problem that the customer actually cares about we haven't explained why I should care

[00:36:58] right right uh the and you know another way that they'll not explain why you should care is they'll

[00:37:05] just talk about the feature and not the benefit that it supplies them right it's the the old adage

[00:37:11] right you're not buying the drill bit you're buying the hole you can create with the drill bit

[00:37:16] right and you know in sales and marketing you need to sell the hole not the bit

[00:37:22] which there again is uh you know another way that the curse of knowledge can rear its ugly head

[00:37:30] and it's really not to me it's as simple these three mistakes um are important to understand

[00:37:40] they're important to be able to change your perspective as an entrepreneur and talk about

[00:37:46] what really matters um to to your customer and positioning your product in a way

[00:37:53] not just in its design and function but everything about it right like how we talk about it

[00:38:01] how we how we service it how we deliver it um it's uh it's it's it's getting them

[00:38:11] there's a certain amount of education if somebody doesn't understand the the product or the space

[00:38:19] and you have to be able to talk about that and bring them to where you want to go

[00:38:25] right in a way that's entertaining in a way that's interesting a way that keeps their attention

[00:38:30] and and sometimes it's talking about your competitors in a in a way that's not negative in a way that's

[00:38:38] not um you know uh you're speaking down to it but it's it's informative and I have a client who

[00:38:46] they have a superior product if you want to do this thing but this thing nobody knows about

[00:38:52] so we have to educate them that you can preserve your roads in such a way that you don't have to

[00:38:59] keep fixing them and replacing them right so you talk about the preservation idea to make them aware

[00:39:05] of it and then you have to say okay there's multiple ways to do that and you've been doing it this way

[00:39:11] and then there's another way to do it and then our competitors do it this way

[00:39:16] and then you help them see that the competitor does it in a way that creates a bigger problem

[00:39:21] and then so your solution is uh is the customer realizes for themselves like well why would I want

[00:39:28] that when i could have this i don't know and it's fun to be able to tell that story

[00:39:35] and watch the audience go like yeah why would we want to have brittle roads we want something that's

[00:39:40] flexible it can but it's a lot longer and you know once you build a bridge

[00:39:51] but you have to be able to be willing to go outside of that normal way to talk about it there's

[00:39:58] that education and be willing to talk about your competitors embracing some of these things

[00:40:05] to get the customer to say well that's that's not really what we want we want to go over here

[00:40:11] yeah right and it's it's it's it's persuasion but it's not directly persuading there

[00:40:17] they're on discovering for themselves to me that's what sales is it's helping somebody see if

[00:40:23] you've got a fit or not and if you don't you're done but if we are let's dive in and see if we can

[00:40:29] really but this really is a good fit and it's that we're willing to be vulnerable i think in that

[00:40:35] space yeah most people think of persuasion as something that you do to someone else right that

[00:40:41] you you come in and almost by force argue them out of their point of view uh and really it's a lot

[00:40:47] more persuasive it's a lot more effective and you persuade a lot more people uh if you

[00:40:53] craft your message in such a way that they persuade themselves that they come to the realization

[00:40:59] of oh hey i didn't even know that was available but you tell me i can make my roads flexible and they're

[00:41:04] gonna last 20 percent longer and i don't have to spend that much to do it well who wouldn't want

[00:41:09] that right it's uh you know it's it's kind of verbal jujitsu uh if you will great knows my second

[00:41:15] favorite answer yeah and it all this all kind of ties together where we get them to uncover this

[00:41:21] but it starts with developing a product and the message like what are we trying to do we want to be

[00:41:29] more like Henry Ford or Steve Jobs in that we're we're trying to change something and it doesn't have

[00:41:36] to be the world view we don't have to create this mega company we can do it on our own little niche

[00:41:46] we can we can help people see their own things if we're using the right i mean it's almost like a

[00:41:52] philosophy here we're talking about marketing in a completely different perspective yeah

[00:42:00] i want to highlight something in your story that i really love um because it gets to what that

[00:42:05] philosophy is um you know your your mentor was saying well he really in using that method you were

[00:42:11] trying to help your wife uh you know because you were you wanted her to be able to go to the restaurant

[00:42:17] she wanted to to go to right and so uh you were just using this technique to figure out what she

[00:42:23] really wanted so that you could deliver um you know i think that's really the key to successful

[00:42:31] entrepreneurship in general it begins with having a servant's heart at the end of the day

[00:42:37] you need to create a business design a product and craft a message that serves your ideal customer

[00:42:46] if you don't know who that is if you don't have a vision of what they uh want what they need

[00:42:52] and what how they currently see the world so that you can build that bridge between what you're

[00:42:58] creating for them and uh the you know experience that you want them to have

[00:43:04] you're not going to be successful uh but that that really crystallizes it if we're not trying to

[00:43:12] help somebody if we're not trying to figure out and discern whether they're a good fit and help

[00:43:17] them figured out for themselves by telling the right message and being clear about what it is

[00:43:22] that we can do you either are going to put them in the wrong spot for the short term and create a

[00:43:29] bigger problem right and if it's not a good fit like that's fine right we'll find the right person

[00:43:36] and maybe you know in a in a in a in a regular world we can help them be can be a resource to help

[00:43:42] them go to the right spot but we've taken something away and we've helped them this isn't a good fit

[00:43:48] and it you know you you called it you know a servier ideal customer

[00:43:53] and i just look at it as helping somebody yeah totally now the one thing i do want to say is and

[00:44:00] is that i i see people who begin with the servants heart uh consistently make one mistake and so

[00:44:10] i just want to flag this so that as you uh think about your message and think about your products

[00:44:15] from what the perspective will we've been just been talking about that you can keep this in mind too

[00:44:21] and that is you want to make sure that the message you use to build a bridge between your product

[00:44:26] and your customer uh is in terms of what your customer wants not necessarily what they need

[00:44:35] the trick it is sort of so the mistake that i see uh some clients make uh and it's a really

[00:44:42] for anyone because it comes from the best place they really want to help their customer

[00:44:46] but what they do is they because they're an expert on their subject and because they have a very

[00:44:52] particular view of what the customer needs they don't need this solution they're shopping for

[00:44:57] they need this better solution um they spend so much of their time uh just trying to sell the

[00:45:04] customer what they need assuming that the customer will realize it's what they need

[00:45:09] rather than communicating the virtues of the product that they built the that does what the customer needs

[00:45:16] in terms that the customer already desires um so you know for example uh i can think of a

[00:45:25] the uh a SaaS startup uh the design of this product that they were convinced would revolutionize

[00:45:32] this business process so all their messaging was it was telling the customer about how revolutionizing

[00:45:39] it it was and how it would completely transform the way they did this important business process

[00:45:44] well it turns out when you talked to potential customers they didn't want their business

[00:45:49] process completely transformed that sounded scary it sounded risky it sounded expensive

[00:45:55] what they really wanted was it to be less painful to do and as soon as they switched their

[00:46:01] messaging to talk about how they removed the hassle and made it a lot easier and saved them

[00:46:05] at time and time uh and you know provided them documentation and helped them comply with all

[00:46:11] these regulations that were coming that were super scary uh you know they were able to almost

[00:46:16] overnight triple the number of leads they were generating it's because they're finally talking

[00:46:21] in terms of what the customer actually cared about uh and the fact that it also would save

[00:46:26] the millions of dollars and completely revolutionize this business process uh they didn't have to

[00:46:30] mention that the customers discovered that after the facts were thrilled to know it.

[00:46:35] It's being bold enough to really be honest and be authentic about what you're really

[00:46:43] what you're really doing and allowing your consumers and your customers to uncover for themselves

[00:46:51] right and this is the really a parallel between marketing and sales yes is that we want them to

[00:46:56] uncover for themselves like this is what I want because if they say it's the freaking gospel

[00:47:02] and if we say it's a marketing guy or sales guy saying it and it's we have some

[00:47:07] prepudations but if they uncovered for themselves no maybe you're right yeah and if your customer

[00:47:15] doesn't understand yet you have to have the humility to admit that's your fault not theirs

[00:47:20] I don't know if you've got clients like I have who invest a lot of time and energy into

[00:47:27] all the reasons their customers too dumb to realize how brilliant their product is

[00:47:32] uh you know that might be really satisfying in the moment but it rarely is the path to achieve

[00:47:39] your marketing sales goals. I've been in a room where the CEO said like you know you just don't

[00:47:45] get it. Your product is better than everybody else and you know the truth is they don't get it

[00:47:54] it's their job message that explains it that makes it obvious that people come to that conclusion

[00:48:00] themselves yeah and it's hard to uncover it's hard to recover from that once you've laid out

[00:48:07] that you've just called your customer your buyer an idiot yeah it's hard to come back

[00:48:13] yeah that buyer is rarely going to have the wherewithal to admit they were wrong and take your views

[00:48:23] and still buy a product especially in corporate america will they'll spend more money to save face

[00:48:28] than they will to fix the problem. Exactly all right well let's land it there mr. Matt I appreciate

[00:48:35] your uh here's always Walter it was fun don't forget uh folks we'll have this in the

[00:48:42] in the go by the book the manual right I'm gonna call it a manual not a book yeah there

[00:48:47] are people fix the maybe that's a marketing thing you the marketing man so thank you man appreciate

[00:48:56] it and we'll we'll talk again next month sounds good I'll talk to you next month Walter looking forward

[00:49:01] to it thank you bye