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21 Pearls Of Wisdom by Mitch Axelrod
"Critics can be our best friends
because they reveal our flaws and weaknesses." Benjamin
Franklin
"Fear of failure is a deterrent to
courageous decisions." President Jimmy Carter
Have you ever felt the white-hot heat of
being roasted in front of 100 colleagues?
I'm not a big fan of criticism. Whenever
I offer the point of view that "there is no such thing as
constructive criticism" it's always good for a stimulating debate
among the purists who say that there is no improvement without
criticism.
Last weekend, I had the privilege of
having 100 very smart and successful people collectively "criticize"
then brainstorm one of our toughest marketing problems. I was in
Orlando for the "Patches of Light" seminar hosted by legendary
marketing expert Gary Halbert (see Gary's newsletters
here).
The two men at the front of the room
leading the roast have had more marketing success over the past 30
years than most of the top ad agencies. Between them, Gary Halbert
and John Carlton are responsible for a billion dollars of products
and services sold, and are considered two of the finest copywriters
and marketing minds in the world.
They attacked our marketing problem with
double-barrel buckshot, and enjoyed every minute of blasting holes
in our theory, approach, strategy and tactics. They sliced, diced
and skewered every word I uttered. They roasted, toasted and
barbecued until I was singed, then seared then scorched. My butt is
still on fire. When it was over, I got warm applause for standing in
the fire. I suffered the slings and arrows to get to the
breakthrough answers we needed. And we got answers.
It was a breakthrough experience. I
heartily recommend you do a "hot seat" experience IF you really want
to break down barriers, bust through the BS, and break out to bigger
and better poss-abilities. No real growth can occur unless and until
we let go of existing thinking and the comfort zone of the status
quo.
It's not easy; but it's well worth it.
Are you ready to stretch?
I was gifted with the opportunity to
spend three days experiencing major breakthroughs by being part of a
dozen business building hot seats, designed to generate solutions to
people's marketing problems.
There was no handout, no pontificating
and no Success BS!™
Here was the entire agenda:
"Who has a marketing problem?"
If you volunteered, the only condition
for roasting was that you really wanted to solve your marketing
problem. Don't laugh; many people have big problems, but have no
intention of listening to suggestions (even from experts) or doing
what's necessary to solve them.
Here are 21 Pearls of
Wisdom I Dug Up Last Weekend!
1. Don't worry about improving your
image. Improve your substance. The world is starved for
substance. Most people are working on image. Few work to improve
substance. Those who do will stand head and shoulders above the
rest.
2. Fail fast. Drop losing projects
immediately. After trying to find a solution to a marketing problem
that simply didn't exist, Gary Halbert wrote three words on the
white board that most of us were thinking in our heads: DROP THIS
PROJECT! It's not easy to let go of things we're emotionally
attached to, but it's necessary to move on.
3. Most people are self-absorbed.
Appeal to their selfish side. Forget yourpoint of view. It
doesn't matter. If you want to sell Johnny Jones what Johnny Jones
buys you MUST see Johnny Jones through Johnny Jones eyes. What does
he want more than anything?
4. If I found the cure for AIDS,
everyone would get it. How much money I make would not be an
issue. When you discover something important enough, the goal is to
make sure everyone who wants or needs it can get it. Shift attention
from how much can you make to how many people can you help. The
money will come.
5. NOTHING is risk-free. LIFE
is not risk-free. You're a heartbeat awayfrom a Christopher
Reeve moment. If you can't accept risk, you are living on the wrong
planet. What risk can you take that might alter the quality of life
as you know it?
6. Hire experts. Don't even try to do
everything yourself. Especially when itcomes to the most
important parts, including copyrighting and crafting your sales
message. Don't spend a fortune on the unimportant things, then
economize on the pivotal items. Know when to bring in the
experts.
7. Outspend the other guys.
Many businesses do things on the cheap. Shoestringing and
bootstrapping are successful strategies when money is tight. When
money is there, spend it. A business campaign can rise or fall based
on the money behind it. Don't hesitate to invest money, especially
on the important things. If you don't have it, find someone who does
and share the bounty. 100% of nothing is still nothing!
8. You don't want to sell just one
million books (widgets, etc.). You want anyone who wants what
you have to be able to buy it. Don't set arbitrary limits. Find a
way for everyone who wants what you have to get it. You will be
enriched in the process.
9. Don't become a student of products.
Become a student of markets. Know your markets better than you
know your products. If you fall in love with your product, it will
blind you to reality. Fall in love with markets. If there isn't a
market, reconsider or drop the product. Use the SRDS, the Standard Rates and Data Service
directory to find your buyers. It's not a cheap resource, but it's
vital if you plan to reach a pool of hungry fish.
10. Don't do LMS "lesser mortal shit"
(a favorite Gary Halbertism). Delegate everything except your
highest value work. If you run out of highest value work, do the
next most valuable work. If you earn $100/hour, for every hour you
spend doing $10 work, you need a $190 hour just to break even. Don't
do $10/hour work or you won't ever reach your highest and best
value.
11. Two things get a person's
attention and interest: showmanship and the reason why. To get
the attention of the person you're after, a little theatre will go a
long way. Be creative. If you've have an important message and 20
centers of influence, don't send them a letter. Send them a COURIER!
Gain their interest is with a powerful reason why. Why would they,
why SHOULD they give you their time and attention? What's the most
compelling "reason why" you can give that satisfies their
self-interest? If you don't know, ask your buyers.
12. Understand the Triangle of
Marketing... copy, message and audience. COPY is #3, the MESSAGE
is #2, and the AUDIENCE #1. Put your focus on the audience. Make
sure you have the right/best/hungriest/rabid audience, or your
message and copy won't ever get seen, heard or read. A mediocre
message to a great audience will always do better than a great
message to a mediocre audience. Know your audience, hone your
message, and don't scrimp on copy. Like an interesting story, good
copy gets read.
13. Don't care about what ANYONE
thinks. Ask yourself, "So what?" How often do we hesitate and
delay because of what others might think? We thwart our success and
happiness worrying about what other people think. We don't regret
the shots we take, even when they don't work out. We regret most the
shots we don't take. Do what your heart desires. Don't worry about
what others think. So what?
14. Tell your story. A powerful story
creates an emotional link. I call this the E-Link. John Carlton,
one of the world's highest paid copywriters, says personality is
missing in most marketing messages. He suggests we "pinch them on
the butt" and tap the passionate sweet spot. Tell a story. Connect
it to what the person can DO (achieve, accomplish), and how the
person will FEEL (the strongest E-Link).
What story can/will you tell?
15. Greedy people lead lives that
suck. Enough said.
16. Gun to the head thinking can get
you out of a jam or tough time. If someone had a gun to your
head, and to save your life you had to craft the best message you
could, what would you say?
17. There's too much bad news.
We can't hear the voices of light. Cats find the sun spots.
They seek the patches of light. How can you be a source of
light?
18. Speak "from down below"... if you
want your cred-ability to soar. Don't speak from your mouth;
speak from your pelvis. Imagine your entire chest cavity as one big
voice box. Speak "from down below" and you will create a stronger,
more powerful presence.
(Thank you, Burt Dubin for this little
known sage advice used by opera singers to get the most from their
precious instrument).
19. You're NOT in the marketing
business. You're in the ARITHMETIC business. If your arithmetic
doesn't add up, you won't have a business for very long. Start
counting.
20. You want to sell your products and
services to "addicts"... profound, irrational, passionate,
rabid, insane people who buy frequently and spend a lot. That's your
IDEAL buyer. Where are they? How can you reach them? What will you
say to them?
21. 10,000 hours... how long it takes
to become really good at something. That's 2,000 hours per year
for five years. It can take doctors and other professionals twice
that long (10 years), and most self-made millionaires take four
times that long (that's right, 20 years is the average time it takes
for self-made millionaires to achieve "overnight" success). You
can't invest a few hours in something and expect to become an
expert. There are many self-proclaimed "pseudo-gurus" who emerge
after one or two successes and claim expert status. Experts hone
their chops over time.
What's your expertise? Hone it, refine it
and continuously improve it.
Our instant gratification society claims
millions of lives each year who fall for the Success BS™ that the
road to success, fame and fortune is quick, easy, painless and
risk-free.
Entertainers, artists and musicians
practice 10,000 hours to hone their chops, most of it in solitude
and anonymity. Entrepreneurs suffer ups and downs, ins and outs of
all kinds over many years before they hit their stride and achieve
consistent and lasting success.
There are no shortcuts. Then again, why
should there be? The journey, the process itself is the reward. The
achievement of a goal or objective is icing on the cake. The real
payoffs are what we learn, how we grow, who we meet and how much we
pass on to others.
If we polish up and internalize these
pearls of wisdom, especially those that challenge our existing
boundaries and beliefs, the payoff can be priceless.
If we seek out and embrace critics, we
will learn things we could not know otherwise. It's courageous to
listen to the truth, especially when it's unpleasant. Seek the truth
and embrace it. Don't run from it or hide from it. The truth WILL
set you free.
Things I disagree with most can often be
the truth that does me the most good. Beware of what you defend,
protect and reject. It just might be a life-changing gift in
disguise.
This weekend I opened up to the
possibility that my view is skewed (it is), and my thinking is
broken (we all have blind spots). That doesn't mean I'm broken, just
my thinking. Last weekend I didn't defend, protect or project an
image or vested interest. I didn't try to prove I was right, look
good or be inauthentic. As a result, I got astounding insights and
an amazing amount of valuable input.
Thank you, Gary Halbert for sponsoring
this mind-stretching weekend. Thank you, Ken Kerr for inviting me
and making it possible for me to be there.
I hope in sharing these Pearls of Wisdom
they make as much a difference in your quality of life and quantity
of prosperity as I know they will for me.
With my highest esteem, I am yours
truly,
Mitch
PS... Today more than ever, people are
hungry for substance over style, truth over hype. The dumbing-down
of advertising and marketing communication, combined with lowered
expectations and the unrelenting appeal to our ignorance, not our
intelligence have us thirsting for messages with substance and
truth.
In the spirit of substance and truth, we
at Axelrod Learning commit to raising, not lowering our level of
conversation. We acknowledge and honor you for being smart, savvy
and ready to explore that which challenges you, even if you
disagree.
We esteem you and hold you in the highest
regard. We commit to providing you with substance and
truth.
NO MORE SUCCESS B.S.™
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